Imola Heritage: 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.
Imola Heritage
Largest movements
- Financial fixed assets +€500,000
up €500,000 (+179,211%), from €279 to €500,279
- Receivables after one year -€500,000
down €500,000 (-100%), from €500,000 to €0
- Current investments +€301,835
up €301,835 (+101%), from €300,000 to €601,835
- Cash -€264,960
down €264,960 (-90.1%), from €294,013 to €29,053
mainly Investment in fixed assets (net) (-€571,356) and Current investments (-€301,835)
- Receivables within one year -€72,807
down €72,807 (-16.9%), from €429,962 to €357,155
of which Other amounts receivable: -€85,065
No liability line moved by more than 1% of the balance sheet total.
- Financial income -€1.4m
down €1.4m (-99.0%), from €1.4m to €13,773
of which Non-recurring financial income: -€1.4m
- Gross operating margin +€45,461
up €45,461 (+26.4%), from €171,986 to €217,447
- Taxes -€35,731
down €35,731 (-88.3%), from €40,480 to €4,749
- Staff costs +€24,954
up €24,954 (+26.2%), from €95,338 to €120,293
- Depreciation +€10,286
up €10,286 (+19.3%), from €53,345 to €63,631
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,830,471 | €2,809,291 | -€21,181 | -0.7% |
| Fixed assets | 21/28 | €1,302,017 | €1,809,742 | +€507,725 | +39.0% |
| Tangible fixed assets | 22/27 | €1,301,738 | €1,309,463 | +€7,725 | +0.6% |
| Land and buildings | 22 | €1,283,912 | €1,291,847 | +€7,934 | +0.6% |
| Plant, machinery and equipment | 23 | €17,559 | €17,440 | -€119 | -0.7% |
| Furniture and vehicles | 24 | €266 | €176 | -€90 | -33.9% |
| Financial fixed assets | 28 | €279 | €500,279 | +€500,000 | +179,211% |
| Current assets | 29/58 | €1,528,455 | €999,549 | -€528,905 | -34.6% |
| Amounts receivable after more than one year | 29 | €500,000 | €0 | -€500,000 | -100% |
| Other amounts receivable | 291 | €500,000 | €0 | -€500,000 | -100% |
| Amounts receivable within one year | 40/41 | €429,962 | €357,155 | -€72,807 | -16.9% |
| Trade receivables | 40 | €104,172 | €116,431 | +€12,259 | +11.8% |
| Other amounts receivable | 41 | €325,789 | €240,724 | -€85,065 | -26.1% |
| Current investments | 50/53 | €300,000 | €601,835 | +€301,835 | +101% |
| Cash at bank and in hand | 54/58 | €294,013 | €29,053 | -€264,960 | -90.1% |
| Deferred charges and accrued income | 490/1 | €4,480 | €11,506 | +€7,026 | +157% |
| Total equity and liabilities | 10/49 | €2,830,471 | €2,809,291 | -€21,181 | -0.7% |
| Equity | 10/15 | €1,853,956 | €1,848,525 | -€5,431 | -0.3% |
| Contributions | 10/11 | €675,000 | €675,000 | = | 0.0% |
| Reserves | 13 | €1,178,956 | €1,173,525 | -€5,431 | -0.5% |
| Tax-exempt reserves | 132 | €713,441 | €700,700 | -€12,741 | -1.8% |
| Distributable reserves | 133 | €465,515 | €472,825 | +€7,311 | +1.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €215,912 | €212,822 | -€3,090 | -1.4% |
| Deferred taxes | 168 | €215,912 | €212,822 | -€3,090 | -1.4% |
| Amounts payable | 17/49 | €760,603 | €747,944 | -€12,660 | -1.7% |
| Amounts payable after more than one year | 17 | €566,557 | €548,011 | -€18,546 | -3.3% |
| Financial debts | 170/4 | €566,557 | €548,011 | -€18,546 | -3.3% |
| Amounts payable within one year | 42/48 | €183,830 | €190,490 | +€6,660 | +3.6% |
| Current portion of amounts payable after more than one year | 42 | €24,933 | €33,198 | +€8,265 | +33.1% |
| Financial debts | 43 | €14 | €194 | +€180 | +1,325% |
| Credit institutions | 430/8 | €14 | €194 | +€180 | +1,325% |
| Trade debts | 44 | €57,211 | €56,190 | -€1,021 | -1.8% |
| Suppliers | 440/4 | €57,211 | €56,190 | -€1,021 | -1.8% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €29,486 | €29,103 | -€383 | -1.3% |
| Taxes | 450/3 | €11,138 | €5,885 | -€5,253 | -47.2% |
| Remuneration and social security | 454/9 | €18,348 | €23,218 | +€4,869 | +26.5% |
| Other amounts payable | 47/48 | €72,186 | €71,806 | -€380 | -0.5% |
| Accrued charges and deferred income | 492/3 | €10,216 | €9,443 | -€773 | -7.6% |
| Remuneration, social security and pensions | 62 | €95,338 | €120,293 | +€24,954 | +26.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,345 | €63,631 | +€10,286 | +19.3% |
| Other operating charges | 640/8 | €23,371 | €23,471 | +€99 | +0.4% |
| Gross operating margin | 9900 | €171,986 | €217,447 | +€45,461 | +26.4% |
| Operating profit (loss) | 9901 | -€69 | €10,052 | +€10,121 | |
| Financial income | 75/76B | €1,402,152 | €13,773 | -€1.4m | -99.0% |
| Recurring financial income | 75 | €10,674 | €13,773 | +€3,099 | +29.0% |
| Non-recurring financial income | 76B | €1,391,478 | €0 | -€1.4m | -100% |
| Financial charges | 65/66B | €34,161 | €27,597 | -€6,564 | -19.2% |
| Recurring financial charges | 65 | €34,161 | €27,597 | -€6,564 | -19.2% |
| Profit (loss) for the period before taxes | 9903 | €1,367,922 | -€3,772 | -€1.4m | |
| Transfer from deferred taxes | 780 | €2,890 | €3,090 | +€200 | +6.9% |
| Transfer to deferred taxes | 680 | €197,138 | €0 | -€197,138 | -100% |
| Income taxes | 67/77 | €40,480 | €4,749 | -€35,731 | -88.3% |
| Profit (loss) for the period | 9904 | €1,133,195 | -€5,431 | -€1.1m | |
| Transfer from tax-exempt reserves | 789 | €11,074 | €12,741 | +€1,668 | +15.1% |
| Transfer to tax-exempt reserves | 689 | €591,413 | €0 | -€591,413 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €552,855 | €7,311 | -€545,545 | -98.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.