LORENZETTI: what changed
Two fiscal 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.
LORENZETTI
Largest movements
- Stocks and contracts +€4,476
up €4,476 (+120.1%), from €3,726 to €8,202
- Tangible fixed assets -€390
no longer reported in 2025 (was €390)
of which Other tangible fixed assets: -€250
- Cash +€298
up €298 (+17.5%), from €1,706 to €2,004
mainly Tax, wage and social debts (+€3,121) and Net result for the year (+€1,078)
- Tax, wage and social debts +€3,121
up €3,121 (+29.9%), from €10,434 to €13,554
of which Remuneration and social security: +€2,393
- Profit (loss) carried forward +€1,078
up €1,078 (+0.7%), from -€145,696 to -€144,618
- Other debts +€721
up €721 (+0.9%), from €81,495 to €82,216
- Trade debts -€536
down €536 (-3.0%), from €17,591 to €17,055
- Turnover -€1,414
down €1,414 (-1.6%), from €90,953 to €89,538
- Staff costs -€1,299
down €1,299 (-16.3%), from €7,993 to €6,694
- Purchases and services -€1,206
down €1,206 (-1.5%), from €82,236 to €81,030
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.
Cash bridge derived
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 | €5,824 | €10,208 | +€4,384 | +75.3% |
| Fixed assets | 21/28 | €390 | - | -€390 | |
| Tangible fixed assets | 22/27 | €390 | - | -€390 | |
| Plant, machinery and equipment | 23 | €140 | - | -€140 | |
| Other tangible fixed assets | 26 | €250 | - | -€250 | |
| Current assets | 29/58 | €5,433 | €10,208 | +€4,774 | +87.9% |
| Stocks and contracts in progress | 3 | €3,726 | €8,202 | +€4,476 | +120.1% |
| Stocks | 30/36 | €3,726 | €8,202 | +€4,476 | +120.1% |
| Amounts receivable within one year | 40/41 | €2 | €2 | = | 0.0% |
| Other amounts receivable | 41 | €2 | €2 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,706 | €2,004 | +€298 | +17.5% |
| Total equity and liabilities | 10/49 | €5,824 | €10,208 | +€4,384 | +75.3% |
| Equity | 10/15 | -€103,696 | -€102,618 | +€1,078 | +1.0% |
| Contributions | 10/11 | €33,000 | €33,000 | = | 0.0% |
| Reserves | 13 | €9,000 | €9,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,000 | €9,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€145,696 | -€144,618 | +€1,078 | +0.7% |
| Amounts payable | 17/49 | €109,519 | €112,825 | +€3,306 | +3.0% |
| Amounts payable within one year | 42/48 | €109,519 | €112,825 | +€3,306 | +3.0% |
| Trade debts | 44 | €17,591 | €17,055 | -€536 | -3.0% |
| Suppliers | 440/4 | €17,591 | €17,055 | -€536 | -3.0% |
| Taxes, remuneration and social security | 45 | €10,434 | €13,554 | +€3,121 | +29.9% |
| Taxes | 450/3 | €3,702 | €4,430 | +€728 | +19.7% |
| Remuneration and social security | 454/9 | €6,731 | €9,124 | +€2,393 | +35.6% |
| Other amounts payable | 47/48 | €81,495 | €82,216 | +€721 | +0.9% |
| Turnover | 70 | €90,953 | €89,538 | -€1,414 | -1.6% |
| Non-recurring operating income | 76A | - | €398 | +€398 | |
| Goods, raw materials, services and sundry goods | 60/61 | €82,236 | €81,030 | -€1,206 | -1.5% |
| Remuneration, social security and pensions | 62 | €7,993 | €6,694 | -€1,299 | -16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €601 | €390 | -€211 | -35.1% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €8,716 | €8,906 | +€189 | +2.2% |
| Operating profit (loss) | 9901 | -€265 | €1,422 | +€1,687 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €396 | €344 | -€52 | -13.1% |
| Recurring financial charges | 65 | €396 | €344 | -€52 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | -€661 | €1,078 | +€1,739 | |
| Income taxes | 67/77 | €242 | - | -€242 | |
| Profit (loss) for the period | 9904 | -€903 | €1,078 | +€1,981 | |
| Profit (loss) for the period to be appropriated | 9905 | -€903 | €1,078 | +€1,981 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.