ITALIKA MANAGEMENT: 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.
ITALIKA MANAGEMENT
Largest movements
- Receivables within one year +€90,938
up €90,938 (+175%), from €52,093 to €143,031
of which Other amounts receivable: +€85,996
- Cash -€70,479
down €70,479 (-88.9%), from €79,307 to €8,829
mainly Contributions, distributions and other (-€125,569) and Receivables within one year (-€90,938)
- Tangible fixed assets +€9,559
up €9,559 (+1,310%), from €730 to €10,289
of which Other tangible fixed assets: +€8,573
- Tax, wage and social debts +€10,689
up €10,689 (+51.3%), from €20,844 to €31,533
of which Taxes: +€7,661
- Other debts +€9,926
up €9,926 (+8.6%), from €115,643 to €125,569
- Trade debts +€8,638
up €8,638 (+398,048%), from €2 to €8,640
- Gross operating margin +€10,713
up €10,713 (+7.1%), from €150,183 to €160,896
- Taxes +€3,191
up €3,191 (+9.6%), from €33,132 to €36,324
- Financial income +€2,532
up €2,532 (+477%), from €531 to €3,063
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 | €137,039 | €166,774 | +€29,735 | +21.7% |
| Fixed assets | 21/28 | €1,093 | €10,652 | +€9,559 | +875% |
| Tangible fixed assets | 22/27 | €730 | €10,289 | +€9,559 | +1,310% |
| Furniture and vehicles | 24 | €730 | €1,716 | +€987 | +135% |
| Other tangible fixed assets | 26 | - | €8,573 | +€8,573 | |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €135,947 | €156,122 | +€20,175 | +14.8% |
| Amounts receivable within one year | 40/41 | €52,093 | €143,031 | +€90,938 | +175% |
| Trade receivables | 40 | €44,554 | €49,496 | +€4,942 | +11.1% |
| Other amounts receivable | 41 | €7,539 | €93,536 | +€85,996 | +1,141% |
| Cash at bank and in hand | 54/58 | €79,307 | €8,829 | -€70,479 | -88.9% |
| Deferred charges and accrued income | 490/1 | €4,546 | €4,262 | -€284 | -6.3% |
| Total equity and liabilities | 10/49 | €137,039 | €166,774 | +€29,735 | +21.7% |
| Equity | 10/15 | €550 | €550 | = | 0.0% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €50 | €50 | = | 0.0% |
| Tax-exempt reserves | 132 | €50 | €50 | = | 0.0% |
| Amounts payable | 17/49 | €136,489 | €166,224 | +€29,735 | +21.8% |
| Amounts payable within one year | 42/48 | €136,489 | €165,742 | +€29,253 | +21.4% |
| Trade debts | 44 | €2 | €8,640 | +€8,638 | +398,048% |
| Suppliers | 440/4 | €2 | €8,640 | +€8,638 | +398,048% |
| Taxes, remuneration and social security | 45 | €20,844 | €31,533 | +€10,689 | +51.3% |
| Taxes | 450/3 | €20,844 | €28,505 | +€7,661 | +36.8% |
| Remuneration and social security | 454/9 | - | €3,028 | +€3,028 | |
| Other amounts payable | 47/48 | €115,643 | €125,569 | +€9,926 | +8.6% |
| Accrued charges and deferred income | 492/3 | - | €482 | +€482 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,289 | €1,409 | +€120 | +9.3% |
| Other operating charges | 640/8 | €434 | €387 | -€47 | -10.8% |
| Gross operating margin | 9900 | €150,183 | €160,896 | +€10,713 | +7.1% |
| Operating profit (loss) | 9901 | €148,459 | €159,099 | +€10,640 | +7.2% |
| Financial income | 75/76B | €531 | €3,063 | +€2,532 | +477% |
| Recurring financial income | 75 | €531 | €3,063 | +€2,532 | +477% |
| Financial charges | 65/66B | €215 | €269 | +€54 | +25.2% |
| Recurring financial charges | 65 | €215 | €269 | +€54 | +25.2% |
| Profit (loss) for the period before taxes | 9903 | €148,775 | €161,893 | +€13,118 | +8.8% |
| Income taxes | 67/77 | €33,132 | €36,324 | +€3,191 | +9.6% |
| Profit (loss) for the period | 9904 | €115,643 | €125,569 | +€9,926 | +8.6% |
| Profit (loss) for the period to be appropriated | 9905 | €115,643 | €125,569 | +€9,926 | +8.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.