IL VIOLINO: 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 VIOLINO
Largest movements
- Receivables within one year -€13,621
down €13,621 (-14.4%), from €94,335 to €80,714
- Tangible fixed assets +€9,996
up €9,996 (+94.3%), from €10,596 to €20,592
of which Furniture and vehicles: +€13,320
- Cash -€4,827
down €4,827 (-11.8%), from €40,798 to €35,971
mainly Net result for the year (-€36,722) and Investment in fixed assets (net) (-€17,909)
- Deferred charges and accrued income -€2,244
down €2,244 (-85.4%), from €2,629 to €385
- Profit (loss) carried forward -€36,722
new in 2025: -€36,722
- Trade debts +€19,441
up €19,441 (+356%), from €5,457 to €24,898
- Tax, wage and social debts -€13,019
down €13,019 (-34.0%), from €38,322 to €25,303
of which Taxes: -€11,222
- Debts after one year +€11,481
new in 2025: €11,481
- Current portion of long-term debt +€7,800
new in 2025: €7,800
- Gross operating margin -€40,208
down €40,208 (-22.4%), from €179,524 to €139,316
- Staff costs +€12,139
up €12,139 (+7.8%), from €155,693 to €167,832
- Other operating charges -€8,534
down €8,534 (-83.3%), from €10,240 to €1,706
- Taxes -€4,759
no longer reported in 2025 (was €4,759)
- Depreciation +€2,596
up €2,596 (+47.0%), from €5,519 to €8,115
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 | €151,209 | €140,311 | -€10,898 | -7.2% |
| Formation expenses | 20 | €801 | €599 | -€202 | -25.2% |
| Fixed assets | 21/28 | €10,796 | €20,792 | +€9,996 | +92.6% |
| Tangible fixed assets | 22/27 | €10,596 | €20,592 | +€9,996 | +94.3% |
| Land and buildings | 22 | €1,870 | €510 | -€1,360 | -72.7% |
| Plant, machinery and equipment | 23 | €3,167 | €1,203 | -€1,964 | -62.0% |
| Furniture and vehicles | 24 | €5,559 | €18,879 | +€13,320 | +240% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €139,612 | €118,920 | -€20,692 | -14.8% |
| Stocks and contracts in progress | 3 | €1,850 | €1,850 | = | 0.0% |
| Stocks | 30/36 | €1,850 | €1,850 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €94,335 | €80,714 | -€13,621 | -14.4% |
| Other amounts receivable | 41 | €94,335 | €80,714 | -€13,621 | -14.4% |
| Cash at bank and in hand | 54/58 | €40,798 | €35,971 | -€4,827 | -11.8% |
| Deferred charges and accrued income | 490/1 | €2,629 | €385 | -€2,244 | -85.4% |
| Total equity and liabilities | 10/49 | €151,209 | €140,311 | -€10,898 | -7.2% |
| Equity | 10/15 | €97,721 | €60,999 | -€36,722 | -37.6% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €77,261 | €77,261 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €58,511 | €58,511 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€36,722 | -€36,722 | |
| Amounts payable | 17/49 | €53,488 | €79,312 | +€25,824 | +48.3% |
| Amounts payable after more than one year | 17 | - | €11,481 | +€11,481 | |
| Financial debts | 170/4 | - | €11,481 | +€11,481 | |
| Amounts payable within one year | 42/48 | €53,488 | €67,831 | +€14,343 | +26.8% |
| Current portion of amounts payable after more than one year | 42 | - | €7,800 | +€7,800 | |
| Trade debts | 44 | €5,457 | €24,898 | +€19,441 | +356% |
| Suppliers | 440/4 | €5,457 | €24,898 | +€19,441 | +356% |
| Taxes, remuneration and social security | 45 | €38,322 | €25,303 | -€13,019 | -34.0% |
| Taxes | 450/3 | €20,844 | €9,622 | -€11,222 | -53.8% |
| Remuneration and social security | 454/9 | €17,478 | €15,681 | -€1,797 | -10.3% |
| Other amounts payable | 47/48 | €9,709 | €9,830 | +€121 | +1.2% |
| Remuneration, social security and pensions | 62 | €155,693 | €167,832 | +€12,139 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,519 | €8,115 | +€2,596 | +47.0% |
| Other operating charges | 640/8 | €10,240 | €1,706 | -€8,534 | -83.3% |
| Gross operating margin | 9900 | €179,524 | €139,316 | -€40,208 | -22.4% |
| Operating profit (loss) | 9901 | €8,072 | -€38,337 | -€46,409 | |
| Financial income | 75/76B | €3,663 | €4,723 | +€1,060 | +28.9% |
| Recurring financial income | 75 | €3,663 | €4,723 | +€1,060 | +28.9% |
| Financial charges | 65/66B | €1,762 | €3,108 | +€1,346 | +76.4% |
| Recurring financial charges | 65 | €1,762 | €3,108 | +€1,346 | +76.4% |
| Profit (loss) for the period before taxes | 9903 | €9,973 | -€36,722 | -€46,695 | |
| Income taxes | 67/77 | €4,759 | - | -€4,759 | |
| Profit (loss) for the period | 9904 | €5,214 | -€36,722 | -€41,936 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,214 | -€36,722 | -€41,936 |
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 20 October 2026 via checked.be.