Poverello: 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.
Poverello
Largest movements
- Tangible fixed assets +€306,728
up €306,728 (+3.5%), from €8.7m to €9.0m
of which Land and buildings: +€284,613
- Current investments -€283,242
down €283,242 (-2.8%), from €10.2m to €9.9m
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€433,000
up €433,000 (+159%), from €271,914 to €704,914
- Financial income -€110,213
down €110,213 (-46.1%), from €239,094 to €128,882
- Depreciation +€61,686
up €61,686 (+10.0%), from €616,153 to €677,838
- Taxes -€49,178
down €49,178 (-38.0%), from €129,356 to €80,178
- Financial charges +€19,824
up €19,824 (+36.0%), from -€55,110 to -€35,286
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.
Derived cash bridge
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 | €19,272,449 | €19,188,345 | -€84,103 | -0.4% |
| Fixed assets | 21/28 | €8,690,630 | €8,997,358 | +€306,728 | +3.5% |
| Tangible fixed assets | 22/27 | €8,690,630 | €8,997,358 | +€306,728 | +3.5% |
| Land and buildings | 22 | €8,589,024 | €8,873,638 | +€284,613 | +3.3% |
| Plant, machinery and equipment | 23 | €94,202 | €92,790 | -€1,412 | -1.5% |
| Furniture and vehicles | 24 | €7,404 | €30,930 | +€23,526 | +318% |
| Current assets | 29/58 | €10,581,818 | €10,190,987 | -€390,831 | -3.7% |
| Amounts receivable after more than one year | 29 | €3,944 | - | -€3,944 | |
| Other amounts receivable | 291 | €3,944 | - | -€3,944 | |
| Amounts receivable within one year | 40/41 | €2,500 | €2,500 | = | 0.0% |
| Other amounts receivable | 41 | €2,500 | €2,500 | = | 0.0% |
| Current investments | 50/53 | €10,167,836 | €9,884,593 | -€283,242 | -2.8% |
| Cash at bank and in hand | 54/58 | €387,386 | €290,765 | -€96,621 | -24.9% |
| Deferred charges and accrued income | 490/1 | €20,152 | €13,129 | -€7,023 | -34.9% |
| Total equity and liabilities | 10/49 | €19,272,449 | €19,188,345 | -€84,103 | -0.4% |
| Equity | 10/15 | €19,199,230 | €19,111,106 | -€88,123 | -0.5% |
| Contributions | 10/11 | €15,250,289 | €15,250,289 | = | 0.0% |
| Capital | 10 | €15,250,289 | €15,250,289 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,948,941 | €3,860,818 | -€88,123 | -2.2% |
| Amounts payable | 17/49 | €73,219 | €77,239 | +€4,020 | +5.5% |
| Amounts payable within one year | 42/48 | €73,219 | €77,239 | +€4,020 | +5.5% |
| Trade debts | 44 | €40,258 | €39,945 | -€313 | -0.8% |
| Suppliers | 440/4 | €40,258 | €39,945 | -€313 | -0.8% |
| Taxes, remuneration and social security | 45 | €26,102 | €34,294 | +€8,192 | +31.4% |
| Remuneration and social security | 454/9 | €26,102 | €34,294 | +€8,192 | +31.4% |
| Non-recurring operating income | 76A | - | €33,331 | +€33,331 | |
| Remuneration, social security and pensions | 62 | €184,639 | €192,414 | +€7,775 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €616,153 | €677,838 | +€61,686 | +10.0% |
| Other operating charges | 640/8 | €5,519 | €6,776 | +€1,257 | +22.8% |
| Gross operating margin | 9900 | €271,914 | €704,914 | +€433,000 | +159% |
| Operating profit (loss) | 9901 | -€534,396 | -€172,113 | +€362,282 | +67.8% |
| Financial income | 75/76B | €239,094 | €128,882 | -€110,213 | -46.1% |
| Recurring financial income | 75 | €239,094 | €128,882 | -€110,213 | -46.1% |
| Financial charges | 65/66B | -€55,110 | -€35,286 | +€19,824 | +36.0% |
| Recurring financial charges | 65 | -€55,110 | -€35,286 | +€19,824 | +36.0% |
| Profit (loss) for the period before taxes | 9903 | -€240,192 | -€7,946 | +€232,246 | +96.7% |
| Income taxes | 67/77 | €129,356 | €80,178 | -€49,178 | -38.0% |
| Profit (loss) for the period | 9904 | -€369,547 | -€88,123 | +€281,424 | +76.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€369,547 | -€88,123 | +€281,424 | +76.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.