I VITELLONI: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
I VITELLONI
Largest movements
- Receivables within one year +€12,006
up €12,006 (+64.7%), from €18,543 to €30,550
- Tangible fixed assets -€8,111
down €8,111 (-5.6%), from €145,069 to €136,959
- Cash -€5,546
down €5,546 (-60.1%), from €9,228 to €3,682
mainly Receivables within one year (-€12,006) and Net result for the year (-€1,381)
- Profit (loss) carried forward -€8,677
down €8,677, from €7,295 to -€1,381
- Reserves +€7,295
up €7,295 (+3.6%), from €204,484 to €211,779
of which Distributable reserves: +€7,295
- Gross operating margin -€10,329
down €10,329 (-70.9%), from €14,558 to €4,230
- Financial charges -€911
down €911 (-81.1%), from €1,123 to €212
- Financial income +€711
up €711 (+15.3%), from €4,640 to €5,351
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €274,943 | €273,293 | -€1,650 | -0.6% |
| Fixed assets | 21/28 | €147,172 | €139,061 | -€8,111 | -5.5% |
| Tangible fixed assets | 22/27 | €145,069 | €136,959 | -€8,111 | -5.6% |
| Land and buildings | 22 | €145,069 | €136,959 | -€8,111 | -5.6% |
| Financial fixed assets | 28 | €2,102 | €2,102 | = | 0.0% |
| Current assets | 29/58 | €127,772 | €134,232 | +€6,460 | +5.1% |
| Amounts receivable after more than one year | 29 | €100,000 | €100,000 | = | 0.0% |
| Other amounts receivable | 291 | €100,000 | €100,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €18,543 | €30,550 | +€12,006 | +64.7% |
| Other amounts receivable | 41 | €18,543 | €30,550 | +€12,006 | +64.7% |
| Cash at bank and in hand | 54/58 | €9,228 | €3,682 | -€5,546 | -60.1% |
| Total equity and liabilities | 10/49 | €274,943 | €273,293 | -€1,650 | -0.6% |
| Equity | 10/15 | €273,753 | €272,372 | -€1,381 | -0.5% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €204,484 | €211,779 | +€7,295 | +3.6% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €198,287 | €205,582 | +€7,295 | +3.7% |
| Profit (loss) carried forward | 14 | €7,295 | -€1,381 | -€8,677 | |
| Amounts payable | 17/49 | €1,191 | €922 | -€269 | -22.6% |
| Amounts payable within one year | 42/48 | €1,191 | €922 | -€269 | -22.6% |
| Current portion of amounts payable after more than one year | 42 | €1,158 | €922 | -€237 | -20.5% |
| Trade debts | 44 | €32 | - | -€32 | |
| Suppliers | 440/4 | €32 | - | -€32 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,111 | €8,111 | = | 0.0% |
| Gross operating margin | 9900 | €14,558 | €4,230 | -€10,329 | -70.9% |
| Operating profit (loss) | 9901 | €6,448 | -€3,881 | -€10,329 | |
| Financial income | 75/76B | €4,640 | €5,351 | +€711 | +15.3% |
| Recurring financial income | 75 | €4,640 | €5,351 | +€711 | +15.3% |
| Financial charges | 65/66B | €1,123 | €212 | -€911 | -81.1% |
| Recurring financial charges | 65 | €1,123 | €212 | -€911 | -81.1% |
| Profit (loss) for the period before taxes | 9903 | €9,964 | €1,258 | -€8,706 | -87.4% |
| Income taxes | 67/77 | €2,669 | €2,640 | -€29 | -1.1% |
| Profit (loss) for the period | 9904 | €7,295 | -€1,381 | -€8,677 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,295 | -€1,381 | -€8,677 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.