L'ALIGHIERI: what changed
L'ALIGHIERI
Largest movements
- Deferred charges and accrued income +€5,192
up €5,192 (+820%), from €633 to €5,826
- Cash -€2,915
down €2,915 (-80.8%), from €3,608 to €693
mainly Net result for the year (-€12,813) and Deferred charges and accrued income (-€5,192)
- Stocks and contracts +€2,125
up €2,125 (+220%), from €965 to €3,091
- Intangible fixed assets -€2,000
down €2,000 (-44.5%), from €4,493 to €2,493
- Receivables within one year +€254
up €254 (+91.5%), from €278 to €531
of which Other amounts receivable: +€254
- Profit (loss) carried forward -€12,813
down €12,813 (-30.1%), from -€42,624 to -€55,437
- Trade debts +€8,580
up €8,580 (+1,443%), from €595 to €9,175
- Short-term financial debts +€3,380
new in 2025: €3,380
- Other debts +€2,811
up €2,811 (+8.7%), from €32,130 to €34,941
- Tax, wage and social debts +€699
up €699 (+74.7%), from €936 to €1,635
of which Remuneration and social security: +€616
- Gross operating margin -€18,532
down €18,532 (-58.4%), from €31,739 to €13,207
- Depreciation -€4,440
down €4,440 (-68.9%), from €6,440 to €2,000
- Staff costs +€3,829
up €3,829 (+21.5%), from €17,785 to €21,614
- Financial charges -€339
down €339 (-27.3%), from €1,241 to €902
- Other operating charges -€319
down €319 (-20.5%), from €1,561 to €1,242
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,638 | €17,294 | +€2,657 | +18.1% |
| Fixed assets | 21/28 | €9,153 | €7,153 | -€2,000 | -21.9% |
| Intangible fixed assets | 21 | €4,493 | €2,493 | -€2,000 | -44.5% |
| Financial fixed assets | 28 | €4,660 | €4,660 | = | 0.0% |
| Current assets | 29/58 | €5,485 | €10,141 | +€4,657 | +84.9% |
| Stocks and contracts in progress | 3 | €965 | €3,091 | +€2,125 | +220% |
| Stocks | 30/36 | €965 | €3,091 | +€2,125 | +220% |
| Amounts receivable within one year | 40/41 | €278 | €531 | +€254 | +91.5% |
| Trade receivables | 40 | €14 | €14 | = | 0.0% |
| Other amounts receivable | 41 | €263 | €517 | +€254 | +96.4% |
| Cash at bank and in hand | 54/58 | €3,608 | €693 | -€2,915 | -80.8% |
| Deferred charges and accrued income | 490/1 | €633 | €5,826 | +€5,192 | +820% |
| Total equity and liabilities | 10/49 | €14,638 | €17,294 | +€2,657 | +18.1% |
| Equity | 10/15 | -€24,024 | -€36,837 | -€12,813 | -53.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,624 | -€55,437 | -€12,813 | -30.1% |
| Amounts payable | 17/49 | €38,661 | €54,131 | +€15,470 | +40.0% |
| Amounts payable after more than one year | 17 | €5,001 | €5,001 | = | 0.0% |
| Financial debts | 170/4 | €5,001 | €5,001 | = | 0.0% |
| Amounts payable within one year | 42/48 | €33,660 | €49,130 | +€15,470 | +46.0% |
| Financial debts | 43 | - | €3,380 | +€3,380 | |
| Credit institutions | 430/8 | - | €3,380 | +€3,380 | |
| Trade debts | 44 | €595 | €9,175 | +€8,580 | +1,443% |
| Suppliers | 440/4 | €595 | €9,175 | +€8,580 | +1,443% |
| Taxes, remuneration and social security | 45 | €936 | €1,635 | +€699 | +74.7% |
| Taxes | 450/3 | €552 | €635 | +€83 | +14.9% |
| Remuneration and social security | 454/9 | €384 | €1,000 | +€616 | +161% |
| Other amounts payable | 47/48 | €32,130 | €34,941 | +€2,811 | +8.7% |
| Remuneration, social security and pensions | 62 | €17,785 | €21,614 | +€3,829 | +21.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,440 | €2,000 | -€4,440 | -68.9% |
| Other operating charges | 640/8 | €1,561 | €1,242 | -€319 | -20.5% |
| Gross operating margin | 9900 | €31,739 | €13,207 | -€18,532 | -58.4% |
| Operating profit (loss) | 9901 | €5,953 | -€11,649 | -€17,601 | |
| Financial income | 75/76B | €0 | €1 | +€1 | +5,550% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +5,550% |
| Financial charges | 65/66B | €1,241 | €902 | -€339 | -27.3% |
| Recurring financial charges | 65 | €1,241 | €902 | -€339 | -27.3% |
| Profit (loss) for the period before taxes | 9903 | €4,712 | -€12,550 | -€17,262 | |
| Income taxes | 67/77 | €273 | €264 | -€9 | -3.3% |
| Profit (loss) for the period | 9904 | €4,439 | -€12,813 | -€17,253 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,439 | -€12,813 | -€17,253 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.