POSITANO: 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.
POSITANO
Largest movements
- Receivables within one year +€55,620
up €55,620 (+41.6%), from €133,830 to €189,450
of which Other amounts receivable: +€56,048
- Stocks and contracts -€53,166
down €53,166 (-3.1%), from €1.7m to €1.7m
No liability line moved by more than 1% of the balance sheet total.
- Financial charges -€995,288
down €995,288 (-95.6%), from €1.0m to €45,399
- Financial income -€42,808
down €42,808 (-100.0%), from €42,808 to €0
- Gross operating margin -€35,656
down €35,656 (-34.0%), from €104,850 to €69,194
- Other operating charges -€22,596
down €22,596 (-44.7%), from €50,558 to €27,962
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 | €1,862,900 | €1,863,396 | +€496 | 0.0% |
| Fixed assets | 21/28 | €105 | €105 | = | 0.0% |
| Financial fixed assets | 28 | €105 | €105 | = | 0.0% |
| Current assets | 29/58 | €1,862,795 | €1,863,291 | +€496 | 0.0% |
| Stocks and contracts in progress | 3 | €1,724,314 | €1,671,148 | -€53,166 | -3.1% |
| Stocks | 30/36 | €1,724,314 | €1,671,148 | -€53,166 | -3.1% |
| Amounts receivable within one year | 40/41 | €133,830 | €189,450 | +€55,620 | +41.6% |
| Trade receivables | 40 | €84,948 | €84,520 | -€428 | -0.5% |
| Other amounts receivable | 41 | €48,882 | €104,930 | +€56,048 | +114.7% |
| Cash at bank and in hand | 54/58 | €3,451 | €1,420 | -€2,031 | -58.9% |
| Deferred charges and accrued income | 490/1 | €1,200 | €1,273 | +€73 | +6.1% |
| Total equity and liabilities | 10/49 | €1,862,900 | €1,863,396 | +€496 | 0.0% |
| Equity | 10/15 | €52,377 | €48,211 | -€4,166 | -8.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,377 | €26,211 | -€4,166 | -13.7% |
| Amounts payable | 17/49 | €1,810,523 | €1,815,186 | +€4,663 | +0.3% |
| Amounts payable within one year | 42/48 | €1,809,428 | €1,813,559 | +€4,131 | +0.2% |
| Financial debts | 43 | €1,075,000 | €1,072,138 | -€2,862 | -0.3% |
| Credit institutions | 430/8 | €1,075,000 | €1,072,138 | -€2,862 | -0.3% |
| Trade debts | 44 | €7,903 | €8,506 | +€603 | +7.6% |
| Suppliers | 440/4 | €7,903 | €8,506 | +€603 | +7.6% |
| Other amounts payable | 47/48 | €726,525 | €732,915 | +€6,390 | +0.9% |
| Accrued charges and deferred income | 492/3 | €1,095 | €1,626 | +€531 | +48.5% |
| Other operating charges | 640/8 | €50,558 | €27,962 | -€22,596 | -44.7% |
| Gross operating margin | 9900 | €104,850 | €69,194 | -€35,656 | -34.0% |
| Operating profit (loss) | 9901 | €54,292 | €41,232 | -€13,060 | -24.1% |
| Financial income | 75/76B | €42,808 | €0 | -€42,808 | -100.0% |
| Recurring financial income | 75 | €42,808 | €0 | -€42,808 | -100.0% |
| Financial charges | 65/66B | €1,040,687 | €45,399 | -€995,288 | -95.6% |
| Recurring financial charges | 65 | €1,040,687 | €45,399 | -€995,288 | -95.6% |
| Profit (loss) for the period before taxes | 9903 | -€943,587 | -€4,166 | +€939,421 | +99.6% |
| Income taxes | 67/77 | - | €0 | = | |
| Profit (loss) for the period | 9904 | -€943,587 | -€4,166 | +€939,421 | +99.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€943,587 | -€4,166 | +€939,421 | +99.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.