LA SARDEGNA: what changed
LA SARDEGNA
Largest movements
- Receivables after one year +€79,797
up €79,797 (+27.1%), from €294,286 to €374,083
- Cash -€30,707
down €30,707 (-18.4%), from €166,553 to €135,846
mainly Receivables after one year (-€79,797) and Tax, wage and social debts (-€8,924)
- Tangible fixed assets -€14,712
down €14,712 (-25.0%), from €58,818 to €44,106
of which Furniture and vehicles: -€7,400
- Reserves +€41,566
up €41,566 (+9.4%), from €442,982 to €484,548
of which Distributable reserves: +€41,566
- Tax, wage and social debts -€8,924
down €8,924 (-11.4%), from €78,252 to €69,328
of which Taxes: -€10,285
- Gross operating margin +€36,318
up €36,318 (+34.2%), from €106,165 to €142,482
- Staff costs +€32,804
up €32,804 (+217%), from €15,149 to €47,954
- Depreciation +€4,757
up €4,757 (+31.0%), from €15,359 to €20,116
- Financial charges +€1,516
up €1,516 (+320%), from €474 to €1,991
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 | €534,432 | €566,195 | +€31,762 | +5.9% |
| Fixed assets | 21/28 | €61,051 | €46,340 | -€14,712 | -24.1% |
| Tangible fixed assets | 22/27 | €58,818 | €44,106 | -€14,712 | -25.0% |
| Land and buildings | 22 | - | €0 | = | |
| Plant, machinery and equipment | 23 | €3,384 | €1,872 | -€1,512 | -44.7% |
| Furniture and vehicles | 24 | €27,697 | €20,297 | -€7,400 | -26.7% |
| Leasing and similar rights | 25 | - | €0 | = | |
| Other tangible fixed assets | 26 | €27,737 | €21,937 | -€5,800 | -20.9% |
| Financial fixed assets | 28 | €2,234 | €2,234 | = | 0.0% |
| Current assets | 29/58 | €473,381 | €519,855 | +€46,474 | +9.8% |
| Amounts receivable after more than one year | 29 | €294,286 | €374,083 | +€79,797 | +27.1% |
| Other amounts receivable | 291 | €294,286 | €374,083 | +€79,797 | +27.1% |
| Stocks and contracts in progress | 3 | €9,828 | €8,840 | -€988 | -10.1% |
| Stocks | 30/36 | €9,828 | €8,840 | -€988 | -10.1% |
| Amounts receivable within one year | 40/41 | €2,714 | €241 | -€2,473 | -91.1% |
| Other amounts receivable | 41 | €2,714 | €241 | -€2,473 | -91.1% |
| Cash at bank and in hand | 54/58 | €166,553 | €135,846 | -€30,707 | -18.4% |
| Deferred charges and accrued income | 490/1 | - | €845 | +€845 | |
| Total equity and liabilities | 10/49 | €534,432 | €566,195 | +€31,762 | +5.9% |
| Equity | 10/15 | €451,658 | €493,224 | +€41,566 | +9.2% |
| Contributions | 10/11 | €8,676 | €8,676 | = | 0.0% |
| Reserves | 13 | €442,982 | €484,548 | +€41,566 | +9.4% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €441,123 | €482,689 | +€41,566 | +9.4% |
| Amounts payable | 17/49 | €82,774 | €72,971 | -€9,804 | -11.8% |
| Amounts payable within one year | 42/48 | €82,774 | €72,971 | -€9,804 | -11.8% |
| Trade debts | 44 | €4,412 | €3,533 | -€880 | -19.9% |
| Suppliers | 440/4 | €4,412 | €3,533 | -€880 | -19.9% |
| Taxes, remuneration and social security | 45 | €78,252 | €69,328 | -€8,924 | -11.4% |
| Taxes | 450/3 | €76,455 | €66,169 | -€10,285 | -13.5% |
| Remuneration and social security | 454/9 | €1,797 | €3,159 | +€1,362 | +75.8% |
| Other amounts payable | 47/48 | €110 | €110 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €15,149 | €47,954 | +€32,804 | +217% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,359 | €20,116 | +€4,757 | +31.0% |
| Other operating charges | 640/8 | €3,427 | €4,515 | +€1,088 | +31.7% |
| Gross operating margin | 9900 | €106,165 | €142,482 | +€36,318 | +34.2% |
| Operating profit (loss) | 9901 | €72,229 | €69,897 | -€2,331 | -3.2% |
| Financial income | 75/76B | €0 | €38 | +€38 | +18,171% |
| Recurring financial income | 75 | €0 | €38 | +€38 | +18,171% |
| Financial charges | 65/66B | €474 | €1,991 | +€1,516 | +320% |
| Recurring financial charges | 65 | €474 | €1,991 | +€1,516 | +320% |
| Profit (loss) for the period before taxes | 9903 | €71,755 | €67,945 | -€3,809 | -5.3% |
| Income taxes | 67/77 | €27,177 | €26,379 | -€797 | -2.9% |
| Profit (loss) for the period | 9904 | €44,578 | €41,566 | -€3,012 | -6.8% |
| Profit (loss) for the period to be appropriated | 9905 | €44,578 | €41,566 | -€3,012 | -6.8% |
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 3 November 2026 via checked.be.