IMMO GIALLOROSSO: 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 GIALLOROSSO
Largest movements
- Receivables within one year -€49,547
down €49,547 (-60.9%), from €81,342 to €31,795
of which Other amounts receivable: -€52,747
- Tangible fixed assets -€36,776
down €36,776 (-5.1%), from €720,359 to €683,583
of which Land and buildings: -€23,409
- Receivables after one year -€20,000
no longer reported in 2025 (was €20,000)
- Reserves -€225,084
down €225,084 (-96.2%), from €234,084 to €9,000
- Other debts +€194,333
up €194,333 (+22,721%), from €855 to €195,189
- Debts after one year -€96,414
down €96,414 (-28.7%), from €336,504 to €240,090
- Current portion of long-term debt +€34,399
up €34,399 (+28.8%), from €119,456 to €153,855
- Profit (loss) carried forward -€20,059
down €20,059 (-26.0%), from €77,085 to €57,025
- Gross operating margin +€4,004
up €4,004 (+17.0%), from €23,491 to €27,496
- Other operating charges -€1,149
no longer reported in 2025 (was €1,149)
- Financial income -€823
down €823 (-60.6%), from €1,357 to €534
- Financial charges +€381
up €381 (+5.3%), from €7,235 to €7,615
- Depreciation +€347
up €347 (+0.9%), from €39,919 to €40,266
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 | €970,822 | €857,454 | -€113,369 | -11.7% |
| Fixed assets | 21/28 | €720,359 | €683,583 | -€36,776 | -5.1% |
| Tangible fixed assets | 22/27 | €720,359 | €683,583 | -€36,776 | -5.1% |
| Land and buildings | 22 | €667,021 | €643,611 | -€23,409 | -3.5% |
| Plant, machinery and equipment | 23 | €12,428 | €8,125 | -€4,303 | -34.6% |
| Furniture and vehicles | 24 | €34,851 | €25,787 | -€9,064 | -26.0% |
| Other tangible fixed assets | 26 | €6,060 | €6,060 | = | 0.0% |
| Current assets | 29/58 | €250,463 | €173,871 | -€76,593 | -30.6% |
| Amounts receivable after more than one year | 29 | €20,000 | - | -€20,000 | |
| Other amounts receivable | 291 | €20,000 | - | -€20,000 | |
| Amounts receivable within one year | 40/41 | €81,342 | €31,795 | -€49,547 | -60.9% |
| Trade receivables | 40 | - | €3,200 | +€3,200 | |
| Other amounts receivable | 41 | €81,342 | €28,595 | -€52,747 | -64.8% |
| Cash at bank and in hand | 54/58 | €149,121 | €142,076 | -€7,045 | -4.7% |
| Total equity and liabilities | 10/49 | €970,822 | €857,454 | -€113,369 | -11.7% |
| Equity | 10/15 | €511,169 | €266,025 | -€245,144 | -48.0% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €234,084 | €9,000 | -€225,084 | -96.2% |
| Distributable reserves | 133 | €234,084 | €9,000 | -€225,084 | -96.2% |
| Profit (loss) carried forward | 14 | €77,085 | €57,025 | -€20,059 | -26.0% |
| Amounts payable | 17/49 | €459,653 | €591,428 | +€131,775 | +28.7% |
| Amounts payable after more than one year | 17 | €336,504 | €240,090 | -€96,414 | -28.7% |
| Financial debts | 170/4 | €336,504 | €240,090 | -€96,414 | -28.7% |
| Amounts payable within one year | 42/48 | €121,649 | €351,338 | +€229,689 | +189% |
| Current portion of amounts payable after more than one year | 42 | €119,456 | €153,855 | +€34,399 | +28.8% |
| Trade debts | 44 | €1,338 | €2,246 | +€909 | +67.9% |
| Suppliers | 440/4 | €1,338 | €2,246 | +€909 | +67.9% |
| Taxes, remuneration and social security | 45 | - | €48 | +€48 | |
| Taxes | 450/3 | - | €48 | +€48 | |
| Other amounts payable | 47/48 | €855 | €195,189 | +€194,333 | +22,721% |
| Accrued charges and deferred income | 492/3 | €1,500 | - | -€1,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,919 | €40,266 | +€347 | +0.9% |
| Other operating charges | 640/8 | €1,149 | - | -€1,149 | |
| Gross operating margin | 9900 | €23,491 | €27,496 | +€4,004 | +17.0% |
| Operating profit (loss) | 9901 | -€17,577 | -€12,770 | +€4,807 | +27.3% |
| Financial income | 75/76B | €1,357 | €534 | -€823 | -60.6% |
| Recurring financial income | 75 | €1,357 | €534 | -€823 | -60.6% |
| Financial charges | 65/66B | €7,235 | €7,615 | +€381 | +5.3% |
| Recurring financial charges | 65 | €7,235 | €7,615 | +€381 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | -€23,455 | -€19,851 | +€3,604 | +15.4% |
| Income taxes | 67/77 | €219 | €208 | -€11 | -5.1% |
| Profit (loss) for the period | 9904 | -€23,674 | -€20,059 | +€3,615 | +15.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,674 | -€20,059 | +€3,615 | +15.3% |
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 25 October 2026 via checked.be.