ITALIA: 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.
ITALIA
Largest movements
- Tangible fixed assets -€26,304
down €26,304 (-6.3%), from €414,575 to €388,271
of which Land and buildings: -€26,549
- Cash +€20,209
up €20,209 (+28.1%), from €71,957 to €92,166
mainly Depreciation (+€31,114) and Net result for the year (+€21,818)
- Debts after one year -€37,424
down €37,424 (-11.6%), from €321,817 to €284,393
- Reserves +€21,818
up €21,818 (+23.0%), from €94,998 to €116,816
- Accrued charges and deferred income +€5,280
up €5,280 (+424.2%), from €1,245 to €6,525
- Gross operating margin -€19,817
down €19,817 (-8.4%), from €234,647 to €214,830
- Staff costs -€9,518
down €9,518 (-6.5%), from €146,308 to €136,790
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 | €504,351 | €495,232 | -€9,119 | -1.8% |
| Fixed assets | 21/28 | €414,575 | €388,271 | -€26,304 | -6.3% |
| Tangible fixed assets | 22/27 | €414,575 | €388,271 | -€26,304 | -6.3% |
| Land and buildings | 22 | €403,039 | €376,490 | -€26,549 | -6.6% |
| Plant, machinery and equipment | 23 | €5,883 | €7,590 | +€1,707 | +29.0% |
| Furniture and vehicles | 24 | €5,653 | €4,191 | -€1,462 | -25.9% |
| Current assets | 29/58 | €89,776 | €106,961 | +€17,185 | +19.1% |
| Stocks and contracts in progress | 3 | €5,488 | €4,757 | -€730 | -13.3% |
| Stocks | 30/36 | €5,488 | €4,757 | -€730 | -13.3% |
| Amounts receivable within one year | 40/41 | €12,331 | €8,578 | -€3,754 | -30.4% |
| Trade receivables | 40 | €5,541 | €4,061 | -€1,480 | -26.7% |
| Other amounts receivable | 41 | €6,790 | €4,517 | -€2,274 | -33.5% |
| Cash at bank and in hand | 54/58 | €71,957 | €92,166 | +€20,209 | +28.1% |
| Deferred charges and accrued income | 490/1 | - | €1,460 | +€1,460 | |
| Total equity and liabilities | 10/49 | €504,351 | €495,232 | -€9,119 | -1.8% |
| Equity | 10/15 | €114,998 | €136,816 | +€21,818 | +19.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €94,998 | €116,816 | +€21,818 | +23.0% |
| Distributable reserves | 133 | €94,998 | €116,816 | +€21,818 | +23.0% |
| Amounts payable | 17/49 | €389,353 | €358,416 | -€30,937 | -7.9% |
| Amounts payable after more than one year | 17 | €321,817 | €284,393 | -€37,424 | -11.6% |
| Financial debts | 170/4 | €321,817 | €284,393 | -€37,424 | -11.6% |
| Amounts payable within one year | 42/48 | €66,291 | €67,498 | +€1,207 | +1.8% |
| Current portion of amounts payable after more than one year | 42 | €36,330 | €37,424 | +€1,094 | +3.0% |
| Trade debts | 44 | €5,891 | €4,722 | -€1,169 | -19.8% |
| Suppliers | 440/4 | €5,891 | €4,722 | -€1,169 | -19.8% |
| Taxes, remuneration and social security | 45 | €18,615 | €18,529 | -€87 | -0.5% |
| Taxes | 450/3 | €860 | €2,131 | +€1,271 | +147.8% |
| Remuneration and social security | 454/9 | €17,755 | €16,398 | -€1,357 | -7.6% |
| Other amounts payable | 47/48 | €5,455 | €6,823 | +€1,369 | +25.1% |
| Accrued charges and deferred income | 492/3 | €1,245 | €6,525 | +€5,280 | +424.2% |
| Remuneration, social security and pensions | 62 | €146,308 | €136,790 | -€9,518 | -6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,385 | €31,114 | +€729 | +2.4% |
| Other operating charges | 640/8 | €3,871 | €4,335 | +€464 | +12.0% |
| Gross operating margin | 9900 | €234,647 | €214,830 | -€19,817 | -8.4% |
| Operating profit (loss) | 9901 | €54,083 | €42,591 | -€11,492 | -21.2% |
| Financial income | 75/76B | €13 | €81 | +€68 | +519.5% |
| Recurring financial income | 75 | €13 | €81 | +€68 | +519.5% |
| Financial charges | 65/66B | €11,359 | €10,800 | -€559 | -4.9% |
| Recurring financial charges | 65 | €11,359 | €10,800 | -€559 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | €42,737 | €31,872 | -€10,865 | -25.4% |
| Income taxes | 67/77 | €9,697 | €10,053 | +€356 | +3.7% |
| Profit (loss) for the period | 9904 | €33,040 | €21,818 | -€11,222 | -34.0% |
| Profit (loss) for the period to be appropriated | 9905 | €33,040 | €21,818 | -€11,222 | -34.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.