IMMO CIPOLLINA: 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.
IMMO CIPOLLINA
Largest movements
- Receivables within one year -€21,389
no longer reported in 2025 (was €21,389)
of which Trade receivables: -€21,239
- Tangible fixed assets -€2,558
down €2,558 (-1.4%), from €181,814 to €179,256
- Trade debts -€30,638
down €30,638 (-91.0%), from €33,674 to €3,036
- Other debts +€29,594
up €29,594 (+61.6%), from €48,007 to €77,601
- Profit (loss) carried forward -€12,583
down €12,583 (-25.1%), from -€50,058 to -€62,641
- Debts after one year -€9,770
down €9,770 (-6.8%), from €144,060 to €134,289
- Gross operating margin -€7,526
down €7,526 (-83.2%), from €9,043 to €1,517
- Financial charges -€1,309
down €1,309 (-32.5%), from €4,024 to €2,714
- Other operating charges +€1,094
up €1,094 (+40.2%), from €2,722 to €3,816
- Depreciation +€838
up €838 (+12.4%), from €6,732 to €7,569
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 | €204,397 | €181,671 | -€22,726 | -11.1% |
| Fixed assets | 21/28 | €181,829 | €179,256 | -€2,573 | -1.4% |
| Tangible fixed assets | 22/27 | €181,814 | €179,256 | -€2,558 | -1.4% |
| Land and buildings | 22 | €181,814 | €179,256 | -€2,558 | -1.4% |
| Financial fixed assets | 28 | €15 | - | -€15 | |
| Current assets | 29/58 | €22,568 | €2,415 | -€20,153 | -89.3% |
| Amounts receivable within one year | 40/41 | €21,389 | - | -€21,389 | |
| Trade receivables | 40 | €21,239 | - | -€21,239 | |
| Other amounts receivable | 41 | €151 | - | -€151 | |
| Cash at bank and in hand | 54/58 | €846 | €2,076 | +€1,230 | +145% |
| Deferred charges and accrued income | 490/1 | €333 | €339 | +€7 | +2.0% |
| Total equity and liabilities | 10/49 | €204,397 | €181,671 | -€22,726 | -11.1% |
| Equity | 10/15 | -€31,458 | -€44,041 | -€12,583 | -40.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,058 | -€62,641 | -€12,583 | -25.1% |
| Amounts payable | 17/49 | €235,855 | €225,712 | -€10,143 | -4.3% |
| Amounts payable after more than one year | 17 | €144,060 | €134,289 | -€9,770 | -6.8% |
| Financial debts | 170/4 | €144,060 | €134,289 | -€9,770 | -6.8% |
| Amounts payable within one year | 42/48 | €91,296 | €90,407 | -€888 | -1.0% |
| Current portion of amounts payable after more than one year | 42 | €9,615 | €9,770 | +€155 | +1.6% |
| Trade debts | 44 | €33,674 | €3,036 | -€30,638 | -91.0% |
| Suppliers | 440/4 | €33,674 | €3,036 | -€30,638 | -91.0% |
| Other amounts payable | 47/48 | €48,007 | €77,601 | +€29,594 | +61.6% |
| Accrued charges and deferred income | 492/3 | €500 | €1,016 | +€516 | +103% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,732 | €7,569 | +€838 | +12.4% |
| Other operating charges | 640/8 | €2,722 | €3,816 | +€1,094 | +40.2% |
| Non-recurring operating charges | 66A | €748 | - | -€748 | |
| Gross operating margin | 9900 | €9,043 | €1,517 | -€7,526 | -83.2% |
| Operating profit (loss) | 9901 | -€1,159 | -€9,869 | -€8,710 | -751% |
| Financial charges | 65/66B | €4,024 | €2,714 | -€1,309 | -32.5% |
| Recurring financial charges | 65 | €4,024 | €2,714 | -€1,309 | -32.5% |
| Profit (loss) for the period before taxes | 9903 | -€5,183 | -€12,583 | -€7,400 | -143% |
| Profit (loss) for the period | 9904 | -€5,183 | -€12,583 | -€7,400 | -143% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,183 | -€12,583 | -€7,400 | -143% |
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 29 October 2026 via checked.be.