NEW MILANO: 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.
NEW MILANO
Largest movements
- Tangible fixed assets +€26,460
up €26,460 (+13.7%), from €193,279 to €219,739
of which Leasing and similar rights: +€36,632
- Cash -€3,737
down €3,737 (-10.7%), from €34,846 to €31,109
mainly Investment in fixed assets (net) (-€71,631) and Other debts (-€9,603)
- Debts after one year +€14,361
up €14,361 (+11.7%), from €122,304 to €136,665
of which Financial debts: +€13,861
- Tax, wage and social debts +€14,288
up €14,288 (+59.2%), from €24,118 to €38,406
of which Remuneration and social security: +€7,153
- Other debts -€9,603
down €9,603 (-100%), from €9,603 to €0
- Current portion of long-term debt +€8,919
up €8,919 (+51.1%), from €17,450 to €26,370
- Short-term financial debts -€6,871
down €6,871 (-100%), from €6,871 to €0
- Gross operating margin +€51,684
up €51,684 (+36.2%), from €142,657 to €194,341
- Staff costs +€38,534
up €38,534 (+41.4%), from €93,153 to €131,687
- Depreciation +€10,989
up €10,989 (+32.1%), from €34,182 to €45,170
- Financial charges +€5,532
up €5,532 (+115%), from €4,798 to €10,331
- Other operating charges +€2,874
up €2,874 (+44.6%), from €6,448 to €9,322
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 | €285,697 | €310,175 | +€24,478 | +8.6% |
| Fixed assets | 21/28 | €193,279 | €219,739 | +€26,460 | +13.7% |
| Tangible fixed assets | 22/27 | €193,279 | €219,739 | +€26,460 | +13.7% |
| Land and buildings | 22 | €156,859 | €144,764 | -€12,095 | -7.7% |
| Plant, machinery and equipment | 23 | €6,946 | €15,091 | +€8,145 | +117% |
| Furniture and vehicles | 24 | €17,562 | €11,340 | -€6,222 | -35.4% |
| Leasing and similar rights | 25 | €11,912 | €48,544 | +€36,632 | +308% |
| Current assets | 29/58 | €92,417 | €90,435 | -€1,982 | -2.1% |
| Stocks and contracts in progress | 3 | €28,873 | €30,899 | +€2,026 | +7.0% |
| Stocks | 30/36 | €28,873 | €30,899 | +€2,026 | +7.0% |
| Amounts receivable within one year | 40/41 | €27,199 | €27,028 | -€171 | -0.6% |
| Trade receivables | 40 | €3,292 | €1,964 | -€1,328 | -40.3% |
| Other amounts receivable | 41 | €23,907 | €25,065 | +€1,158 | +4.8% |
| Cash at bank and in hand | 54/58 | €34,846 | €31,109 | -€3,737 | -10.7% |
| Deferred charges and accrued income | 490/1 | €1,500 | €1,399 | -€101 | -6.7% |
| Total equity and liabilities | 10/49 | €285,697 | €310,175 | +€24,478 | +8.6% |
| Equity | 10/15 | €77,400 | €75,169 | -€2,230 | -2.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €30,833 | €30,833 | = | 0.0% |
| 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 | €28,974 | €28,974 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,975 | €25,745 | -€2,230 | -8.0% |
| Amounts payable | 17/49 | €208,297 | €235,005 | +€26,709 | +12.8% |
| Amounts payable after more than one year | 17 | €122,304 | €136,665 | +€14,361 | +11.7% |
| Financial debts | 170/4 | €122,304 | €136,165 | +€13,861 | +11.3% |
| Other amounts payable | 178/9 | - | €500 | +€500 | |
| Amounts payable within one year | 42/48 | €84,227 | €92,854 | +€8,627 | +10.2% |
| Current portion of amounts payable after more than one year | 42 | €17,450 | €26,370 | +€8,919 | +51.1% |
| Financial debts | 43 | €6,871 | €0 | -€6,871 | -100% |
| Credit institutions | 430/8 | €6,871 | €0 | -€6,871 | -100% |
| Trade debts | 44 | €26,186 | €28,079 | +€1,893 | +7.2% |
| Suppliers | 440/4 | €26,186 | €28,079 | +€1,893 | +7.2% |
| Taxes, remuneration and social security | 45 | €24,118 | €38,406 | +€14,288 | +59.2% |
| Taxes | 450/3 | €14,417 | €21,552 | +€7,135 | +49.5% |
| Remuneration and social security | 454/9 | €9,701 | €16,854 | +€7,153 | +73.7% |
| Other amounts payable | 47/48 | €9,603 | €0 | -€9,603 | -100% |
| Accrued charges and deferred income | 492/3 | €1,765 | €5,486 | +€3,721 | +211% |
| Remuneration, social security and pensions | 62 | €93,153 | €131,687 | +€38,534 | +41.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,182 | €45,170 | +€10,989 | +32.1% |
| Other operating charges | 640/8 | €6,448 | €9,322 | +€2,874 | +44.6% |
| Gross operating margin | 9900 | €142,657 | €194,341 | +€51,684 | +36.2% |
| Operating profit (loss) | 9901 | €8,875 | €8,162 | -€713 | -8.0% |
| Financial income | 75/76B | €132 | €368 | +€235 | +178% |
| Recurring financial income | 75 | €132 | €368 | +€235 | +178% |
| Financial charges | 65/66B | €4,798 | €10,331 | +€5,532 | +115% |
| Recurring financial charges | 65 | €4,798 | €10,331 | +€5,532 | +115% |
| Profit (loss) for the period before taxes | 9903 | €4,209 | -€1,801 | -€6,010 | |
| Income taxes | 67/77 | €1,311 | €429 | -€881 | -67.3% |
| Profit (loss) for the period | 9904 | €2,899 | -€2,230 | -€5,129 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,899 | -€2,230 | -€5,129 |
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 22 October 2026 via checked.be.