Napolitanizza: 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.
Napolitanizza
Largest movements
- Receivables within one year +€19,673
up €19,673 (+35581.4%), from €55 to €19,728
of which Other amounts receivable: +€19,667
- Tangible fixed assets -€5,755
down €5,755 (-25.4%), from €22,689 to €16,934
of which Plant, machinery and equipment: -€4,377
- Cash +€3,578
up €3,578 (+7.2%), from €49,635 to €53,213
mainly Net result for the year (+€31,992) and Depreciation (+€6,919)
- Deferred charges and accrued income +€2,666
new in 2025: €2,666
- Stocks and contracts -€1,077
down €1,077 (-31.5%), from €3,415 to €2,338
- Reserves +€31,992
up €31,992 (+133.3%), from €23,998 to €55,990
- Other debts -€9,085
no longer reported in 2025 (was €9,085)
- Debts after one year -€6,235
down €6,235 (-33.8%), from €18,453 to €12,218
- Tax, wage and social debts +€3,099
up €3,099 (+24.4%), from €12,702 to €15,800
of which Taxes: +€4,196
- Gross operating margin +€11,943
up €11,943 (+14.4%), from €83,168 to €95,110
- Staff costs +€2,947
up €2,947 (+6.9%), from €42,744 to €45,690
- Taxes +€2,719
up €2,719 (+48.2%), from €5,636 to €8,355
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 | €79,545 | €98,653 | +€19,109 | +24.0% |
| Fixed assets | 21/28 | €26,439 | €20,708 | -€5,731 | -21.7% |
| Tangible fixed assets | 22/27 | €22,689 | €16,934 | -€5,755 | -25.4% |
| Plant, machinery and equipment | 23 | €14,487 | €10,109 | -€4,377 | -30.2% |
| Furniture and vehicles | 24 | - | €1,028 | +€1,028 | |
| Other tangible fixed assets | 26 | €8,202 | €5,798 | -€2,405 | -29.3% |
| Financial fixed assets | 28 | €3,750 | €3,773 | +€23 | +0.6% |
| Current assets | 29/58 | €53,106 | €77,946 | +€24,840 | +46.8% |
| Stocks and contracts in progress | 3 | €3,415 | €2,338 | -€1,077 | -31.5% |
| Stocks | 30/36 | €3,415 | €2,338 | -€1,077 | -31.5% |
| Amounts receivable within one year | 40/41 | €55 | €19,728 | +€19,673 | +35581.4% |
| Trade receivables | 40 | - | €6 | +€6 | |
| Other amounts receivable | 41 | €55 | €19,722 | +€19,667 | +35570.0% |
| Cash at bank and in hand | 54/58 | €49,635 | €53,213 | +€3,578 | +7.2% |
| Deferred charges and accrued income | 490/1 | - | €2,666 | +€2,666 | |
| Total equity and liabilities | 10/49 | €79,545 | €98,653 | +€19,109 | +24.0% |
| Equity | 10/15 | €29,998 | €61,990 | +€31,992 | +106.6% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €23,998 | €55,990 | +€31,992 | +133.3% |
| Distributable reserves | 133 | €23,998 | €55,990 | +€31,992 | +133.3% |
| Amounts payable | 17/49 | €49,546 | €36,663 | -€12,883 | -26.0% |
| Amounts payable after more than one year | 17 | €18,453 | €12,218 | -€6,235 | -33.8% |
| Financial debts | 170/4 | €18,453 | €12,218 | -€6,235 | -33.8% |
| Amounts payable within one year | 42/48 | €31,094 | €24,445 | -€6,648 | -21.4% |
| Current portion of amounts payable after more than one year | 42 | €5,950 | €6,235 | +€285 | +4.8% |
| Trade debts | 44 | €3,358 | €2,410 | -€947 | -28.2% |
| Suppliers | 440/4 | €3,358 | €2,410 | -€947 | -28.2% |
| Taxes, remuneration and social security | 45 | €12,702 | €15,800 | +€3,099 | +24.4% |
| Taxes | 450/3 | €6,167 | €10,363 | +€4,196 | +68.0% |
| Remuneration and social security | 454/9 | €6,534 | €5,437 | -€1,097 | -16.8% |
| Other amounts payable | 47/48 | €9,085 | - | -€9,085 | |
| Remuneration, social security and pensions | 62 | €42,744 | €45,690 | +€2,947 | +6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,713 | €6,919 | -€794 | -10.3% |
| Other operating charges | 640/8 | €1,267 | €1,123 | -€144 | -11.4% |
| Gross operating margin | 9900 | €83,168 | €95,110 | +€11,943 | +14.4% |
| Operating profit (loss) | 9901 | €31,444 | €41,378 | +€9,934 | +31.6% |
| Financial income | 75/76B | €41 | €266 | +€225 | +546.8% |
| Recurring financial income | 75 | €41 | €266 | +€225 | +546.8% |
| Financial charges | 65/66B | €1,851 | €1,297 | -€554 | -29.9% |
| Recurring financial charges | 65 | €1,851 | €1,297 | -€554 | -29.9% |
| Profit (loss) for the period before taxes | 9903 | €29,634 | €40,347 | +€10,713 | +36.1% |
| Income taxes | 67/77 | €5,636 | €8,355 | +€2,719 | +48.2% |
| Profit (loss) for the period | 9904 | €23,998 | €31,992 | +€7,993 | +33.3% |
| Profit (loss) for the period to be appropriated | 9905 | €23,998 | €31,992 | +€7,993 | +33.3% |
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 4 October 2026 via checked.be.