Napolitano: 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.
Napolitano
Largest movements
- Receivables within one year -€50,632
down €50,632 (-64.0%), from €79,103 to €28,471
of which Trade receivables: -€51,072
- Trade debts -€51,009
down €51,009 (-65.9%), from €77,393 to €26,384
- Profit (loss) carried forward +€4,862
up €4,862, from -€1,154 to €3,708
- Tax, wage and social debts -€4,660
down €4,660 (-54.6%), from €8,537 to €3,877
of which Remuneration and social security: -€5,200
- Other debts +€1,221
up €1,221 (+17.2%), from €7,089 to €8,310
- Gross operating margin +€7,446
up €7,446 (+50.7%), from €14,673 to €22,119
- Taxes +€1,523
up €1,523 (+967%), from €158 to €1,681
- Other operating charges +€462
up €462 (+21.3%), from €2,166 to €2,629
- Depreciation -€412
down €412 (-5.5%), from €7,483 to €7,072
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €93,866 | €44,278 | -€49,588 | -52.8% |
| Fixed assets | 21/28 | €6,182 | €6,961 | +€778 | +12.6% |
| Tangible fixed assets | 22/27 | €6,182 | €6,961 | +€778 | +12.6% |
| Plant, machinery and equipment | 23 | €6,182 | €1,628 | -€4,555 | -73.7% |
| Furniture and vehicles | 24 | - | €5,333 | +€5,333 | |
| Current assets | 29/58 | €87,683 | €37,317 | -€50,366 | -57.4% |
| Amounts receivable within one year | 40/41 | €79,103 | €28,471 | -€50,632 | -64.0% |
| Trade receivables | 40 | €79,103 | €28,030 | -€51,072 | -64.6% |
| Other amounts receivable | 41 | - | €441 | +€441 | |
| Cash at bank and in hand | 54/58 | €8,581 | €8,846 | +€266 | +3.1% |
| Total equity and liabilities | 10/49 | €93,866 | €44,278 | -€49,588 | -52.8% |
| Equity | 10/15 | €846 | €5,708 | +€4,862 | +574% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,154 | €3,708 | +€4,862 | |
| Amounts payable | 17/49 | €93,020 | €38,570 | -€54,449 | -58.5% |
| Amounts payable within one year | 42/48 | €93,020 | €38,570 | -€54,449 | -58.5% |
| Trade debts | 44 | €77,393 | €26,384 | -€51,009 | -65.9% |
| Suppliers | 440/4 | €77,393 | €26,384 | -€51,009 | -65.9% |
| Taxes, remuneration and social security | 45 | €8,537 | €3,877 | -€4,660 | -54.6% |
| Taxes | 450/3 | €1,560 | €2,100 | +€540 | +34.6% |
| Remuneration and social security | 454/9 | €6,977 | €1,777 | -€5,200 | -74.5% |
| Other amounts payable | 47/48 | €7,089 | €8,310 | +€1,221 | +17.2% |
| Remuneration, social security and pensions | 62 | €5,596 | €5,548 | -€47 | -0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,483 | €7,072 | -€412 | -5.5% |
| Other operating charges | 640/8 | €2,166 | €2,629 | +€462 | +21.3% |
| Gross operating margin | 9900 | €14,673 | €22,119 | +€7,446 | +50.7% |
| Operating profit (loss) | 9901 | -€572 | €6,870 | +€7,442 | |
| Financial income | 75/76B | €0 | €2 | +€2 | +950% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +950% |
| Financial charges | 65/66B | €424 | €330 | -€94 | -22.2% |
| Recurring financial charges | 65 | €424 | €330 | -€94 | -22.2% |
| Profit (loss) for the period before taxes | 9903 | -€996 | €6,542 | +€7,539 | |
| Income taxes | 67/77 | €158 | €1,681 | +€1,523 | +967% |
| Profit (loss) for the period | 9904 | -€1,154 | €4,862 | +€6,015 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,154 | €4,862 | +€6,015 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.