IL LORENZINI: 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 LORENZINI
Largest movements
- Cash +€12,907
up €12,907 (+37.8%), from €34,166 to €47,072
mainly Depreciation (+€57,953) and Tax, wage and social debts (+€16,476)
- Tangible fixed assets -€12,621
down €12,621 (-5.3%), from €239,334 to €226,713
of which Furniture and vehicles: -€6,429
- Receivables within one year -€9,795
down €9,795 (-51.5%), from €19,010 to €9,215
of which Other amounts receivable: -€6,526
- Deferred charges and accrued income -€8,327
down €8,327 (-95.3%), from €8,735 to €408
- Trade debts -€27,974
down €27,974 (-92.8%), from €30,143 to €2,169
- Tax, wage and social debts +€16,476
up €16,476 (+44.3%), from €37,151 to €53,627
of which Remuneration and social security: +€9,919
- Profit (loss) carried forward -€6,339
down €6,339 (-4.0%), from €158,914 to €152,575
- Gross operating margin -€56,137
down €56,137 (-22.2%), from €253,439 to €197,301
- Staff costs -€19,531
down €19,531 (-12.4%), from €157,669 to €138,138
- Taxes -€12,552
down €12,552 (-93.0%), from €13,503 to €951
- Depreciation +€5,462
up €5,462 (+10.4%), from €52,491 to €57,953
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 | €303,387 | €285,550 | -€17,837 | -5.9% |
| Fixed assets | 21/28 | €239,975 | €227,354 | -€12,621 | -5.3% |
| Tangible fixed assets | 22/27 | €239,334 | €226,713 | -€12,621 | -5.3% |
| Plant, machinery and equipment | 23 | €9,735 | €8,975 | -€760 | -7.8% |
| Furniture and vehicles | 24 | €88,542 | €82,112 | -€6,429 | -7.3% |
| Other tangible fixed assets | 26 | €141,057 | €135,626 | -€5,432 | -3.9% |
| Financial fixed assets | 28 | €641 | €641 | = | 0.0% |
| Current assets | 29/58 | €63,412 | €58,196 | -€5,216 | -8.2% |
| Stocks and contracts in progress | 3 | €1,500 | €1,500 | = | 0.0% |
| Stocks | 30/36 | €1,500 | €1,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €19,010 | €9,215 | -€9,795 | -51.5% |
| Trade receivables | 40 | €9,597 | €6,328 | -€3,269 | -34.1% |
| Other amounts receivable | 41 | €9,413 | €2,887 | -€6,526 | -69.3% |
| Cash at bank and in hand | 54/58 | €34,166 | €47,072 | +€12,907 | +37.8% |
| Deferred charges and accrued income | 490/1 | €8,735 | €408 | -€8,327 | -95.3% |
| Total equity and liabilities | 10/49 | €303,387 | €285,550 | -€17,837 | -5.9% |
| Equity | 10/15 | €236,093 | €229,754 | -€6,339 | -2.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €58,587 | €58,587 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €56,728 | €56,728 | = | 0.0% |
| Profit (loss) carried forward | 14 | €158,914 | €152,575 | -€6,339 | -4.0% |
| Amounts payable | 17/49 | €67,294 | €55,796 | -€11,498 | -17.1% |
| Amounts payable within one year | 42/48 | €67,294 | €55,796 | -€11,498 | -17.1% |
| Trade debts | 44 | €30,143 | €2,169 | -€27,974 | -92.8% |
| Suppliers | 440/4 | €30,143 | €2,169 | -€27,974 | -92.8% |
| Taxes, remuneration and social security | 45 | €37,151 | €53,627 | +€16,476 | +44.3% |
| Taxes | 450/3 | €30,022 | €36,579 | +€6,557 | +21.8% |
| Remuneration and social security | 454/9 | €7,129 | €17,048 | +€9,919 | +139% |
| Remuneration, social security and pensions | 62 | €157,669 | €138,138 | -€19,531 | -12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,491 | €57,953 | +€5,462 | +10.4% |
| Other operating charges | 640/8 | €602 | €2,033 | +€1,430 | +237% |
| Non-recurring operating charges | 66A | €180 | €981 | +€801 | +444% |
| Gross operating margin | 9900 | €253,439 | €197,301 | -€56,137 | -22.2% |
| Operating profit (loss) | 9901 | €42,497 | -€1,803 | -€44,299 | |
| Financial income | 75/76B | €100 | €71 | -€29 | -28.7% |
| Recurring financial income | 75 | €100 | €71 | -€29 | -28.7% |
| Financial charges | 65/66B | €2,970 | €3,656 | +€686 | +23.1% |
| Recurring financial charges | 65 | €2,970 | €3,656 | +€686 | +23.1% |
| Profit (loss) for the period before taxes | 9903 | €39,627 | -€5,388 | -€45,015 | |
| Income taxes | 67/77 | €13,503 | €951 | -€12,552 | -93.0% |
| Profit (loss) for the period | 9904 | €26,123 | -€6,339 | -€32,462 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,123 | -€6,339 | -€32,462 |
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 28 October 2026 via checked.be.