Italbere: 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.
Italbere
Largest movements
- Cash -€22,731
down €22,731 (-8.7%), from €261,449 to €238,718
mainly Net result for the year (-€20,265) and Receivables within one year (-€9,850)
- Receivables within one year +€9,850
up €9,850 (+16.8%), from €58,577 to €68,427
of which Trade receivables: +€14,268
- Profit (loss) carried forward -€20,265
down €20,265 (-5.7%), from €357,516 to €337,251
- Gross operating margin -€136,268
down €136,268 (-48.1%), from €283,166 to €146,898
- Taxes -€19,113
down €19,113 (-96.7%), from €19,773 to €660
- Other operating charges -€10,990
down €10,990 (-44.8%), from €24,534 to €13,544
- Depreciation -€10,915
down €10,915 (-100%), from €10,915 to €0
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 | €468,255 | €453,518 | -€14,737 | -3.1% |
| Fixed assets | 21/28 | €42,396 | €44,633 | +€2,238 | +5.3% |
| Tangible fixed assets | 22/27 | €19,579 | €21,816 | +€2,238 | +11.4% |
| Land and buildings | 22 | €5,135 | €5,135 | = | 0.0% |
| Plant, machinery and equipment | 23 | €6,119 | €6,379 | +€260 | +4.2% |
| Furniture and vehicles | 24 | €8,324 | €10,302 | +€1,978 | +23.8% |
| Financial fixed assets | 28 | €22,817 | €22,817 | = | 0.0% |
| Current assets | 29/58 | €425,859 | €408,884 | -€16,975 | -4.0% |
| Stocks and contracts in progress | 3 | €105,833 | €101,739 | -€4,094 | -3.9% |
| Stocks | 30/36 | €105,833 | €101,739 | -€4,094 | -3.9% |
| Amounts receivable within one year | 40/41 | €58,577 | €68,427 | +€9,850 | +16.8% |
| Trade receivables | 40 | €44,558 | €58,826 | +€14,268 | +32.0% |
| Other amounts receivable | 41 | €14,018 | €9,601 | -€4,418 | -31.5% |
| Cash at bank and in hand | 54/58 | €261,449 | €238,718 | -€22,731 | -8.7% |
| Total equity and liabilities | 10/49 | €468,255 | €453,518 | -€14,737 | -3.1% |
| Equity | 10/15 | €425,716 | €405,451 | -€20,265 | -4.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €357,516 | €337,251 | -€20,265 | -5.7% |
| Amounts payable | 17/49 | €42,538 | €48,066 | +€5,528 | +13.0% |
| Amounts payable within one year | 42/48 | €42,538 | €48,066 | +€5,528 | +13.0% |
| Trade debts | 44 | €14,887 | €13,403 | -€1,484 | -10.0% |
| Suppliers | 440/4 | €14,887 | €13,403 | -€1,484 | -10.0% |
| Taxes, remuneration and social security | 45 | €27,651 | €31,663 | +€4,012 | +14.5% |
| Taxes | 450/3 | - | €2,622 | +€2,622 | |
| Remuneration and social security | 454/9 | €27,651 | €29,041 | +€1,390 | +5.0% |
| Other amounts payable | 47/48 | - | €3,000 | +€3,000 | |
| Remuneration, social security and pensions | 62 | €148,811 | €150,806 | +€1,995 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,915 | €0 | -€10,915 | -100% |
| Other operating charges | 640/8 | €24,534 | €13,544 | -€10,990 | -44.8% |
| Gross operating margin | 9900 | €283,166 | €146,898 | -€136,268 | -48.1% |
| Operating profit (loss) | 9901 | €98,906 | -€17,451 | -€116,357 | |
| Financial income | 75/76B | €525 | €1 | -€524 | -99.8% |
| Recurring financial income | 75 | €525 | €1 | -€524 | -99.8% |
| Financial charges | 65/66B | €3,360 | €2,155 | -€1,204 | -35.8% |
| Recurring financial charges | 65 | €3,360 | €2,155 | -€1,204 | -35.8% |
| Profit (loss) for the period before taxes | 9903 | €96,072 | -€19,605 | -€115,677 | |
| Income taxes | 67/77 | €19,773 | €660 | -€19,113 | -96.7% |
| Profit (loss) for the period | 9904 | €76,299 | -€20,265 | -€96,564 | |
| Profit (loss) for the period to be appropriated | 9905 | €76,299 | -€20,265 | -€96,564 |
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 20 October 2026 via checked.be.