Il Cielo: 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.
Il Cielo
Largest movements
- Cash -€999,289
down €999,289 (-97.6%), from €1.0m to €24,569
mainly Current investments (-€690,468) and Trade debts (-€334,849)
- Current investments +€690,468
new in 2025: €690,468
- Receivables within one year +€16,036
up €16,036 (+78.1%), from €20,529 to €36,565
- Trade debts -€334,849
down €334,849 (-93.9%), from €356,740 to €21,891
- Accrued charges and deferred income +€32,445
up €32,445 (+1,053%), from €3,083 to €35,528
- Financial income -€13,195
down €13,195 (-42.6%), from €31,001 to €17,806
- Gross operating margin +€6,232
up €6,232 (+62.5%), from -€9,979 to -€3,746
- Other operating charges +€5,412
up €5,412 (+972%), from €557 to €5,969
- Taxes -€3,390
down €3,390 (-83.1%), from €4,077 to €687
- Financial charges +€264
up €264 (+8.3%), from €3,163 to €3,427
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 | €1,044,386 | €751,601 | -€292,785 | -28.0% |
| Current assets | 29/58 | €1,044,386 | €751,601 | -€292,785 | -28.0% |
| Amounts receivable within one year | 40/41 | €20,529 | €36,565 | +€16,036 | +78.1% |
| Other amounts receivable | 41 | €20,529 | €36,565 | +€16,036 | +78.1% |
| Current investments | 50/53 | - | €690,468 | +€690,468 | |
| Cash at bank and in hand | 54/58 | €1,023,857 | €24,569 | -€999,289 | -97.6% |
| Total equity and liabilities | 10/49 | €1,044,386 | €751,601 | -€292,785 | -28.0% |
| Equity | 10/15 | €633,478 | €637,454 | +€3,976 | +0.6% |
| Contributions | 10/11 | €168,800 | €168,800 | = | 0.0% |
| Reserves | 13 | €464,678 | €468,654 | +€3,976 | +0.9% |
| Distributable reserves | 133 | €464,678 | €468,654 | +€3,976 | +0.9% |
| Amounts payable | 17/49 | €410,908 | €114,147 | -€296,761 | -72.2% |
| Amounts payable after more than one year | 17 | €45,000 | €45,000 | = | 0.0% |
| Financial debts | 170/4 | €45,000 | €45,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €362,826 | €33,619 | -€329,206 | -90.7% |
| Trade debts | 44 | €356,740 | €21,891 | -€334,849 | -93.9% |
| Suppliers | 440/4 | €356,740 | €21,891 | -€334,849 | -93.9% |
| Other amounts payable | 47/48 | €6,086 | €11,728 | +€5,643 | +92.7% |
| Accrued charges and deferred income | 492/3 | €3,083 | €35,528 | +€32,445 | +1,053% |
| Other operating charges | 640/8 | €557 | €5,969 | +€5,412 | +972% |
| Non-recurring operating charges | 66A | €3,686 | - | -€3,686 | |
| Gross operating margin | 9900 | -€9,979 | -€3,746 | +€6,232 | +62.5% |
| Operating profit (loss) | 9901 | -€14,221 | -€9,715 | +€4,506 | +31.7% |
| Financial income | 75/76B | €31,001 | €17,806 | -€13,195 | -42.6% |
| Recurring financial income | 75 | €31,001 | €17,806 | -€13,195 | -42.6% |
| Financial charges | 65/66B | €3,163 | €3,427 | +€264 | +8.3% |
| Recurring financial charges | 65 | €3,163 | €3,427 | +€264 | +8.3% |
| Profit (loss) for the period before taxes | 9903 | €13,617 | €4,663 | -€8,953 | -65.8% |
| Income taxes | 67/77 | €4,077 | €687 | -€3,390 | -83.1% |
| Profit (loss) for the period | 9904 | €9,539 | €3,976 | -€5,563 | -58.3% |
| Profit (loss) for the period to be appropriated | 9905 | €9,539 | €3,976 | -€5,563 | -58.3% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.