ITALIANCHOICE: 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.
ITALIANCHOICE
Largest movements
- Receivables within one year +€1,885
up €1,885 (+226%), from €833 to €2,718
of which Trade receivables: +€1,965
- Deferred charges and accrued income +€975
new in 2025: €975
- Cash -€485
down €485 (-19.7%), from €2,461 to €1,976
mainly Net result for the year (-€15,839) and Tax, wage and social debts (-€8,200)
- Accrued charges and deferred income +€25,018
up €25,018 (+179%), from €13,991 to €39,009
- Profit (loss) carried forward -€15,839
down €15,839 (-17.8%), from -€88,974 to -€104,813
- Tax, wage and social debts -€8,200
no longer reported in 2025 (was €8,200)
- Trade debts +€1,396
up €1,396 (+22.0%), from €6,336 to €7,732
- Gross operating margin -€11,394
down €11,394 (-1,426%), from -€799 to -€12,193
- Taxes -€7,237
down €7,237 (-88.3%), from €8,200 to €963
- Depreciation -€1,171
no longer reported in 2025 (was €1,171)
- Other operating charges -€226
down €226 (-12.0%), from €1,889 to €1,663
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 | €3,294 | €5,669 | +€2,375 | +72.1% |
| Current assets | 29/58 | €3,294 | €5,669 | +€2,375 | +72.1% |
| Amounts receivable within one year | 40/41 | €833 | €2,718 | +€1,885 | +226% |
| Trade receivables | 40 | €470 | €2,435 | +€1,965 | +418% |
| Other amounts receivable | 41 | €363 | €283 | -€80 | -22.0% |
| Cash at bank and in hand | 54/58 | €2,461 | €1,976 | -€485 | -19.7% |
| Deferred charges and accrued income | 490/1 | - | €975 | +€975 | |
| Total equity and liabilities | 10/49 | €3,294 | €5,669 | +€2,375 | +72.1% |
| Equity | 10/15 | -€70,233 | -€86,072 | -€15,839 | -22.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €149 | €149 | = | 0.0% |
| Non-distributable reserves | 130/1 | €149 | €149 | = | 0.0% |
| Reserves not available under the articles | 1311 | €149 | €149 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€88,974 | -€104,813 | -€15,839 | -17.8% |
| Amounts payable | 17/49 | €73,527 | €91,741 | +€18,214 | +24.8% |
| Amounts payable after more than one year | 17 | €45,000 | €45,000 | = | 0.0% |
| Financial debts | 170/4 | €45,000 | €45,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €14,536 | €7,732 | -€6,804 | -46.8% |
| Trade debts | 44 | €6,336 | €7,732 | +€1,396 | +22.0% |
| Suppliers | 440/4 | €6,336 | €7,732 | +€1,396 | +22.0% |
| Taxes, remuneration and social security | 45 | €8,200 | - | -€8,200 | |
| Taxes | 450/3 | €8,200 | - | -€8,200 | |
| Accrued charges and deferred income | 492/3 | €13,991 | €39,009 | +€25,018 | +179% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,171 | - | -€1,171 | |
| Other operating charges | 640/8 | €1,889 | €1,663 | -€226 | -12.0% |
| Gross operating margin | 9900 | -€799 | -€12,193 | -€11,394 | -1,426% |
| Operating profit (loss) | 9901 | -€3,859 | -€13,856 | -€9,997 | -259% |
| Financial income | 75/76B | €11 | €15 | +€4 | +36.4% |
| Recurring financial income | 75 | €11 | €15 | +€4 | +36.4% |
| Non-recurring financial income | 76B | €11 | €15 | +€4 | +36.4% |
| Financial charges | 65/66B | €943 | €1,035 | +€92 | +9.8% |
| Recurring financial charges | 65 | €943 | €1,035 | +€92 | +9.8% |
| Non-recurring financial charges | 66B | €943 | €1,035 | +€92 | +9.8% |
| Profit (loss) for the period before taxes | 9903 | -€4,791 | -€14,876 | -€10,085 | -210% |
| Income taxes | 67/77 | €8,200 | €963 | -€7,237 | -88.3% |
| Profit (loss) for the period | 9904 | -€12,991 | -€15,839 | -€2,848 | -21.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,991 | -€15,839 | -€2,848 | -21.9% |
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 26 October 2026 via checked.be.