ITALFOOD: 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.
ITALFOOD
Largest movements
- Tangible fixed assets -€246,676
down €246,676 (-40.8%), from €605,267 to €358,592
of which Plant, machinery and equipment: -€226,948
- Stocks and contracts -€133,002
no longer reported in 2024 (was €133,002)
- Cash -€74,338
down €74,338 (-97.5%), from €76,236 to €1,898
mainly Trade debts (-€330,098) and Net result for the year (-€162,042)
- Receivables within one year +€38,846
up €38,846 (+134%), from €28,928 to €67,774
of which Trade receivables: +€57,977
- Deferred charges and accrued income -€22,487
down €22,487 (-98.7%), from €22,786 to €299
- Trade debts -€330,098
down €330,098 (-93.0%), from €354,899 to €24,801
- Reserves +€174,574
up €174,574 (+1,401%), from €12,457 to €187,031
- Profit (loss) carried forward -€162,042
down €162,042 (-4,166%), from -€3,890 to -€165,932
- Current portion of long-term debt -€78,971
down €78,971 (-52.0%), from €151,739 to €72,768
- Debts after one year -€63,694
down €63,694 (-82.9%), from €76,856 to €13,162
- Staff costs -€55,218
down €55,218 (-25.8%), from €213,875 to €158,657
- Gross operating margin -€43,705
down €43,705 (-13.1%), from €334,411 to €290,706
- Depreciation -€41,016
down €41,016 (-66.6%), from €61,594 to €20,578
- Taxes -€7,451
down €7,451 (-95.6%), from €7,797 to €346
- Financial charges +€3,523
up €3,523 (+16.2%), from €21,776 to €25,299
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €868,029 | €430,374 | -€437,656 | -50.4% |
| Fixed assets | 21/28 | €607,077 | €360,402 | -€246,676 | -40.6% |
| Tangible fixed assets | 22/27 | €605,267 | €358,592 | -€246,676 | -40.8% |
| Land and buildings | 22 | €352,799 | €339,971 | -€12,828 | -3.6% |
| Plant, machinery and equipment | 23 | €231,011 | €4,064 | -€226,948 | -98.2% |
| Furniture and vehicles | 24 | €21,457 | €14,557 | -€6,900 | -32.2% |
| Financial fixed assets | 28 | €1,810 | €1,810 | = | 0.0% |
| Current assets | 29/58 | €260,952 | €69,972 | -€190,980 | -73.2% |
| Stocks and contracts in progress | 3 | €133,002 | - | -€133,002 | |
| Stocks | 30/36 | €133,002 | - | -€133,002 | |
| Amounts receivable within one year | 40/41 | €28,928 | €67,774 | +€38,846 | +134% |
| Trade receivables | 40 | €3,126 | €61,103 | +€57,977 | +1,855% |
| Other amounts receivable | 41 | €25,802 | €6,671 | -€19,131 | -74.1% |
| Cash at bank and in hand | 54/58 | €76,236 | €1,898 | -€74,338 | -97.5% |
| Deferred charges and accrued income | 490/1 | €22,786 | €299 | -€22,487 | -98.7% |
| Total equity and liabilities | 10/49 | €868,029 | €430,374 | -€437,656 | -50.4% |
| Equity | 10/15 | €199,552 | €212,083 | +€12,531 | +6.3% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Revaluation surpluses | 12 | €129,484 | €129,484 | = | 0.0% |
| Reserves | 13 | €12,457 | €187,031 | +€174,574 | +1,401% |
| Tax-exempt reserves | 132 | €12,457 | €187,031 | +€174,574 | +1,401% |
| Profit (loss) carried forward | 14 | -€3,890 | -€165,932 | -€162,042 | -4,166% |
| Provisions and deferred taxes | 16 | - | €58,191 | +€58,191 | |
| Deferred taxes | 168 | - | €58,191 | +€58,191 | |
| Amounts payable | 17/49 | €668,478 | €160,099 | -€508,378 | -76.1% |
| Amounts payable after more than one year | 17 | €76,856 | €13,162 | -€63,694 | -82.9% |
| Financial debts | 170/4 | €76,856 | €13,162 | -€63,694 | -82.9% |
| Amounts payable within one year | 42/48 | €588,860 | €146,938 | -€441,922 | -75.0% |
| Current portion of amounts payable after more than one year | 42 | €151,739 | €72,768 | -€78,971 | -52.0% |
| Financial debts | 43 | €38,263 | €41,983 | +€3,720 | +9.7% |
| Credit institutions | 430/8 | €38,263 | €41,983 | +€3,720 | +9.7% |
| Trade debts | 44 | €354,899 | €24,801 | -€330,098 | -93.0% |
| Suppliers | 440/4 | €354,899 | €24,801 | -€330,098 | -93.0% |
| Taxes, remuneration and social security | 45 | €43,958 | €7,056 | -€36,903 | -83.9% |
| Taxes | 450/3 | €1,529 | €7,056 | +€5,526 | +361% |
| Remuneration and social security | 454/9 | €42,429 | - | -€42,429 | |
| Other amounts payable | 47/48 | - | €330 | +€330 | |
| Accrued charges and deferred income | 492/3 | €2,762 | - | -€2,762 | |
| Non-recurring operating income | 76A | - | €232,765 | +€232,765 | |
| Remuneration, social security and pensions | 62 | €213,875 | €158,657 | -€55,218 | -25.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,594 | €20,578 | -€41,016 | -66.6% |
| Other operating charges | 640/8 | €16,506 | €15,103 | -€1,403 | -8.5% |
| Gross operating margin | 9900 | €334,411 | €290,706 | -€43,705 | -13.1% |
| Operating profit (loss) | 9901 | €42,435 | €96,367 | +€53,932 | +127% |
| Financial income | 75/76B | €2,538 | - | -€2,538 | |
| Recurring financial income | 75 | €2,538 | - | -€2,538 | |
| Financial charges | 65/66B | €21,776 | €25,299 | +€3,523 | +16.2% |
| Recurring financial charges | 65 | €21,776 | €25,299 | +€3,523 | +16.2% |
| Profit (loss) for the period before taxes | 9903 | €23,197 | €71,069 | +€47,871 | +206% |
| Transfer to deferred taxes | 680 | - | €232,765 | +€232,765 | |
| Income taxes | 67/77 | €7,797 | €346 | -€7,451 | -95.6% |
| Profit (loss) for the period | 9904 | €15,400 | -€162,042 | -€177,442 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,400 | -€162,042 | -€177,442 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.