IMMO RUSSO GIANNI: 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 RUSSO GIANNI
Largest movements
- Receivables within one year -€107,196
down €107,196 (-66.5%), from €161,160 to €53,964
of which Trade receivables: -€161,160
- Other debts -€138,576
no longer reported in 2025 (was €138,576)
- Reserves +€19,654
new in 2025: €19,654
- Tax, wage and social debts +€12,446
up €12,446 (+272%), from €4,570 to €17,015
of which Taxes: +€11,446
- Gross operating margin +€25,307
up €25,307 (+4,514%), from €561 to €25,867
- Taxes +€5,392
up €5,392 (+8,596%), from €63 to €5,455
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 | €161,499 | €55,269 | -€106,230 | -65.8% |
| Fixed assets | 21/28 | - | €0 | = | |
| Tangible fixed assets | 22/27 | - | €0 | = | |
| Land and buildings | 22 | - | €0 | = | |
| Current assets | 29/58 | €161,499 | €55,269 | -€106,230 | -65.8% |
| Amounts receivable within one year | 40/41 | €161,160 | €53,964 | -€107,196 | -66.5% |
| Trade receivables | 40 | €161,160 | - | -€161,160 | |
| Other amounts receivable | 41 | - | €53,964 | +€53,964 | |
| Cash at bank and in hand | 54/58 | €339 | €1,191 | +€852 | +252% |
| Deferred charges and accrued income | 490/1 | - | €114 | +€114 | |
| Total equity and liabilities | 10/49 | €161,499 | €55,269 | -€106,230 | -65.8% |
| Equity | 10/15 | €18,354 | €38,254 | +€19,900 | +108% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | - | €19,654 | +€19,654 | |
| Distributable reserves | 133 | - | €19,654 | +€19,654 | |
| Profit (loss) carried forward | 14 | -€246 | - | +€246 | |
| Amounts payable | 17/49 | €143,145 | €17,015 | -€126,130 | -88.1% |
| Amounts payable within one year | 42/48 | €143,145 | €17,015 | -€126,130 | -88.1% |
| Trade debts | 44 | - | €0 | = | |
| Suppliers | 440/4 | - | €0 | = | |
| Taxes, remuneration and social security | 45 | €4,570 | €17,015 | +€12,446 | +272% |
| Taxes | 450/3 | €2,470 | €13,915 | +€11,446 | +463% |
| Remuneration and social security | 454/9 | €2,100 | €3,100 | +€1,000 | +47.6% |
| Other amounts payable | 47/48 | €138,576 | - | -€138,576 | |
| Other operating charges | 640/8 | €118 | €194 | +€76 | +64.4% |
| Gross operating margin | 9900 | €561 | €25,867 | +€25,307 | +4,514% |
| Operating profit (loss) | 9901 | €443 | €25,673 | +€25,231 | +5,700% |
| Financial charges | 65/66B | €155 | €318 | +€163 | +105% |
| Recurring financial charges | 65 | €155 | €318 | +€163 | +105% |
| Profit (loss) for the period before taxes | 9903 | €288 | €25,355 | +€25,067 | +8,712% |
| Income taxes | 67/77 | €63 | €5,455 | +€5,392 | +8,596% |
| Profit (loss) for the period | 9904 | €225 | €19,900 | +€19,675 | +8,744% |
| Profit (loss) for the period to be appropriated | 9905 | €225 | €19,900 | +€19,675 | +8,744% |
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 27 October 2026 via checked.be.