Italienne: 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.
Italienne
Largest movements
- Cash -€86,287
down €86,287 (-46.8%), from €184,322 to €98,035
mainly Contributions, distributions and other (-€35,000) and Tax, wage and social debts (-€26,938)
- Reserves -€35,000
down €35,000 (-28.0%), from €125,000 to €90,000
- Tax, wage and social debts -€26,938
down €26,938 (-78.1%), from €34,503 to €7,565
- Other debts -€14,475
down €14,475 (-30.5%), from €47,500 to €33,025
- Profit (loss) carried forward -€11,554
down €11,554 (-34.1%), from €33,873 to €22,319
- Gross operating margin -€117,533
down €117,533, from €106,634 to -€10,899
- Taxes -€31,326
no longer reported in 2025 (was €31,326)
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 | €248,977 | €160,225 | -€88,752 | -35.6% |
| Fixed assets | 21/28 | €5,070 | €3,467 | -€1,603 | -31.6% |
| Tangible fixed assets | 22/27 | €5,070 | €3,467 | -€1,603 | -31.6% |
| Plant, machinery and equipment | 23 | €1,283 | €798 | -€485 | -37.8% |
| Furniture and vehicles | 24 | €302 | - | -€302 | |
| Other tangible fixed assets | 26 | €3,485 | €2,669 | -€816 | -23.4% |
| Current assets | 29/58 | €243,907 | €156,757 | -€87,150 | -35.7% |
| Amounts receivable within one year | 40/41 | €59,585 | €58,722 | -€863 | -1.4% |
| Trade receivables | 40 | €42,460 | €18,193 | -€24,268 | -57.2% |
| Other amounts receivable | 41 | €17,125 | €40,530 | +€23,405 | +137% |
| Cash at bank and in hand | 54/58 | €184,322 | €98,035 | -€86,287 | -46.8% |
| Total equity and liabilities | 10/49 | €248,977 | €160,225 | -€88,752 | -35.6% |
| Equity | 10/15 | €159,873 | €113,319 | -€46,554 | -29.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €125,000 | €90,000 | -€35,000 | -28.0% |
| Distributable reserves | 133 | €125,000 | €90,000 | -€35,000 | -28.0% |
| Profit (loss) carried forward | 14 | €33,873 | €22,319 | -€11,554 | -34.1% |
| Amounts payable | 17/49 | €89,103 | €46,905 | -€42,198 | -47.4% |
| Amounts payable within one year | 42/48 | €89,103 | €46,905 | -€42,198 | -47.4% |
| Trade debts | 44 | €7,100 | €6,315 | -€785 | -11.1% |
| Suppliers | 440/4 | €7,100 | €6,315 | -€785 | -11.1% |
| Taxes, remuneration and social security | 45 | €34,503 | €7,565 | -€26,938 | -78.1% |
| Remuneration and social security | 454/9 | €34,503 | €7,565 | -€26,938 | -78.1% |
| Other amounts payable | 47/48 | €47,500 | €33,025 | -€14,475 | -30.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,254 | €1,603 | +€349 | +27.8% |
| Other operating charges | 640/8 | €1,273 | €1,039 | -€235 | -18.4% |
| Gross operating margin | 9900 | €106,634 | -€10,899 | -€117,533 | |
| Operating profit (loss) | 9901 | €104,107 | -€13,540 | -€117,647 | |
| Financial income | 75/76B | €1,887 | €2,089 | +€202 | +10.7% |
| Recurring financial income | 75 | €1,887 | €2,089 | +€202 | +10.7% |
| Financial charges | 65/66B | €176 | €103 | -€74 | -41.8% |
| Recurring financial charges | 65 | €176 | €103 | -€74 | -41.8% |
| Profit (loss) for the period before taxes | 9903 | €105,817 | -€11,554 | -€117,371 | |
| Income taxes | 67/77 | €31,326 | - | -€31,326 | |
| Profit (loss) for the period | 9904 | €74,491 | -€11,554 | -€86,045 | |
| Profit (loss) for the period to be appropriated | 9905 | €74,491 | -€11,554 | -€86,045 |
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 24 October 2026 via checked.be.