IMOLA: what changed
Two fiscal 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.
IMOLA
Largest movements
- Cash +€540,958
up €540,958 (+1435.9%), from €37,674 to €578,632
mainly Net result for the year (+€954,395) and Depreciation (+€124,125)
- Tangible fixed assets -€234,417
down €234,417 (-8.5%), from €2.7m to €2.5m
of which Land and buildings: -€280,067
- Receivables within one year +€89,168
up €89,168 (+1727.2%), from €5,163 to €94,331
of which Other amounts receivable: +€92,233
- Reserves +€953,575
up €953,575 (+101.1%), from €943,336 to €1.9m
of which Distributable reserves: +€999,000
- Other debts -€529,920
down €529,920 (-71.0%), from €746,601 to €216,681
- Gross operating margin +€1.4m
up €1.4m (+6772.9%), from €21,280 to €1.5m
- Taxes +€372,998
up €372,998 (+24124.9%), from €1,546 to €374,544
- Provisions -€40,000
no longer reported in 2025 (was €40,000)
- Other operating charges -€18,517
down €18,517 (-44.2%), from €41,894 to €23,377
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.
Cash bridge derived
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 | €2,800,289 | €3,191,509 | +€391,219 | +14.0% |
| Fixed assets | 21/28 | €2,747,013 | €2,512,597 | -€234,417 | -8.5% |
| Tangible fixed assets | 22/27 | €2,746,120 | €2,511,703 | -€234,417 | -8.5% |
| Land and buildings | 22 | €2,698,661 | €2,418,594 | -€280,067 | -10.4% |
| Plant, machinery and equipment | 23 | €37,265 | €82,447 | +€45,181 | +121.2% |
| Furniture and vehicles | 24 | €10,194 | €10,663 | +€469 | +4.6% |
| Financial fixed assets | 28 | €893 | €893 | = | 0.0% |
| Current assets | 29/58 | €53,276 | €678,912 | +€625,636 | +1174.3% |
| Amounts receivable within one year | 40/41 | €5,163 | €94,331 | +€89,168 | +1727.2% |
| Trade receivables | 40 | €3,815 | €750 | -€3,066 | -80.4% |
| Other amounts receivable | 41 | €1,348 | €93,581 | +€92,233 | +6844.7% |
| Cash at bank and in hand | 54/58 | €37,674 | €578,632 | +€540,958 | +1435.9% |
| Deferred charges and accrued income | 490/1 | €10,440 | €5,950 | -€4,490 | -43.0% |
| Total equity and liabilities | 10/49 | €2,800,289 | €3,191,509 | +€391,219 | +14.0% |
| Equity | 10/15 | €1,035,062 | €1,989,457 | +€954,395 | +92.2% |
| Contributions | 10/11 | €216,592 | €216,592 | = | 0.0% |
| Reserves | 13 | €943,336 | €1,896,911 | +€953,575 | +101.1% |
| Non-distributable reserves | 130/1 | €13,593 | €13,593 | = | 0.0% |
| Reserves not available under the articles | 1311 | €13,593 | €13,593 | = | 0.0% |
| Tax-exempt reserves | 132 | €919,736 | €874,310 | -€45,425 | -4.9% |
| Distributable reserves | 133 | €10,008 | €1,009,008 | +€999,000 | +9982.0% |
| Profit (loss) carried forward | 14 | -€124,866 | -€124,045 | +€821 | +0.7% |
| Provisions and deferred taxes | 16 | €346,579 | €331,438 | -€15,142 | -4.4% |
| Provisions for liabilities and charges | 160/5 | €40,000 | €40,000 | = | 0.0% |
| Environmental obligations | 163 | €40,000 | €40,000 | = | 0.0% |
| Deferred taxes | 168 | €306,579 | €291,438 | -€15,142 | -4.9% |
| Amounts payable | 17/49 | €1,418,648 | €870,614 | -€548,035 | -38.6% |
| Amounts payable after more than one year | 17 | €323,075 | €316,630 | -€6,445 | -2.0% |
| Other amounts payable | 178/9 | €323,075 | €316,630 | -€6,445 | -2.0% |
| Amounts payable within one year | 42/48 | €1,092,660 | €551,898 | -€540,762 | -49.5% |
| Current portion of amounts payable after more than one year | 42 | €18,294 | - | -€18,294 | |
| Trade debts | 44 | €214,011 | €210,673 | -€3,338 | -1.6% |
| Suppliers | 440/4 | €214,011 | €210,673 | -€3,338 | -1.6% |
| Taxes, remuneration and social security | 45 | €113,754 | €124,544 | +€10,790 | +9.5% |
| Remuneration and social security | 454/9 | €113,754 | €124,544 | +€10,790 | +9.5% |
| Other amounts payable | 47/48 | €746,601 | €216,681 | -€529,920 | -71.0% |
| Accrued charges and deferred income | 492/3 | €2,912 | €2,085 | -€827 | -28.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €121,856 | €124,125 | +€2,270 | +1.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €40,000 | - | -€40,000 | |
| Other operating charges | 640/8 | €41,894 | €23,377 | -€18,517 | -44.2% |
| Non-recurring operating charges | 66A | €4,279 | - | -€4,279 | |
| Gross operating margin | 9900 | €21,280 | €1,462,582 | +€1.4m | +6772.9% |
| Operating profit (loss) | 9901 | -€186,749 | €1,315,080 | +€1.5m | |
| Financial charges | 65/66B | €3,151 | €1,282 | -€1,869 | -59.3% |
| Recurring financial charges | 65 | €3,151 | €1,282 | -€1,869 | -59.3% |
| Profit (loss) for the period before taxes | 9903 | -€189,899 | €1,313,798 | +€1.5m | |
| Transfer from deferred taxes | 780 | €15,779 | €15,142 | -€637 | -4.0% |
| Income taxes | 67/77 | €1,546 | €374,544 | +€372,998 | +24124.9% |
| Profit (loss) for the period | 9904 | -€175,667 | €954,395 | +€1.1m | |
| Transfer from tax-exempt reserves | 789 | €47,337 | €45,425 | -€1,912 | -4.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€128,329 | €999,821 | +€1.1m |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.