QUAL'ITALIA: 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.
What changed
QUAL'ITALIA
NACE 46.389, Wholesale of other food products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€82,771
2024 · -€108,116+€25,345
Equity
€353,295
2024 · €328,243+€25,052
Cash
€27,130
2024 · €42,892-€15,763
Balance sheet total
€2.3m
2024 · €2.4m-€182,705
Largest movements
Assets
- Receivables within one year -€279,559
down €279,559 (-16.4%), from €1.7m to €1.4m
of which Trade receivables: -€288,901
- Stocks and contracts +€190,419
up €190,419 (+69.2%), from €275,346 to €465,765
- Tangible fixed assets -€84,054
down €84,054 (-20.5%), from €409,557 to €325,502
of which Leasing and similar rights: -€46,345
Equity and liabilities
- Debts after one year -€127,068
down €127,068 (-27.7%), from €458,860 to €331,792
- Other debts -€31,389
down €31,389 (-55.7%), from €56,336 to €24,947
- Short-term financial debts -€26,596
down €26,596 (-25.5%), from €104,359 to €77,763
of which Credit institutions: -€26,596
- Profit (loss) carried forward +€26,243
up €26,243 (+9.0%), from €291,115 to €317,357
Income statement
- Other operating charges +€37,987
up €37,987 (+186%), from €20,440 to €58,427
- Write-downs -€30,869
down €30,869 (-29.3%), from €105,187 to €74,318
- Gross operating margin +€29,799
up €29,799 (+5.2%), from €569,668 to €599,467
- Staff costs +€7,169
up €7,169 (+1.7%), from €433,427 to €440,596
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.
Result 2024
-€108,116
Gross operating margin
+€29,799
Staff costs
-€7,169
Depreciation
+€5,508
Write-downs
+€30,869
Other operating charges
-€37,987
Financial income
+€4,110
Financial charges
+€2,619
Taxes
-€2,405
Result 2025
-€82,771
raises the resultlowers the result
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.
From operations
+€46,262
Investment
+€5,665
Financing
-€67,690
Cash 2024
€42,892
From operations (derived)
+€46,262
Net result for the year
-€82,771
Depreciation
+€78,389
Stocks and contracts
-€190,419
Receivables within one year
+€279,559
Deferred charges and accrued income
-€6,251
Smaller working-capital items
-€428
Trade debts
-€12,570
Tax, wage and social debts
+€12,142
Other debts
-€31,389
Investment (derived)
+€5,665
Investment in fixed assets (net)
+€5,665
Financing
-€67,690
Debts after one year
-€127,068
Current portion of long-term debt
-€21,848
Short-term financial debts
-€26,596
Contributions, distributions and other
+€107,823
Cash 2025
€27,130
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,439,941 | €2,257,236 | -€182,705 | -7.5% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €412,154 | €328,099 | -€84,054 | -20.4% |
| Tangible fixed assets | 22/27 | €409,557 | €325,502 | -€84,054 | -20.5% |
| Land and buildings | 22 | €236,935 | €216,620 | -€20,315 | -8.6% |
| Plant, machinery and equipment | 23 | €44,793 | €33,436 | -€11,358 | -25.4% |
| Furniture and vehicles | 24 | €6,315 | €279 | -€6,037 | -95.6% |
| Leasing and similar rights | 25 | €121,513 | €75,168 | -€46,345 | -38.1% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €2,597 | €2,597 | = | 0.0% |
| Current assets | 29/58 | €2,027,787 | €1,929,137 | -€98,651 | -4.9% |
| Stocks and contracts in progress | 3 | €275,346 | €465,765 | +€190,419 | +69.2% |
| Stocks | 30/36 | €275,346 | €465,765 | +€190,419 | +69.2% |
| Amounts receivable within one year | 40/41 | €1,709,549 | €1,429,991 | -€279,559 | -16.4% |
| Trade receivables | 40 | €1,682,134 | €1,393,233 | -€288,901 | -17.2% |
| Other amounts receivable | 41 | €27,415 | €36,757 | +€9,342 | +34.1% |
| Cash at bank and in hand | 54/58 | €42,892 | €27,130 | -€15,763 | -36.7% |
| Deferred charges and accrued income | 490/1 | - | €6,251 | +€6,251 | |
| Total equity and liabilities | 10/49 | €2,439,941 | €2,257,236 | -€182,705 | -7.5% |
| Equity | 10/15 | €328,243 | €353,295 | +€25,052 | +7.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €291,115 | €317,357 | +€26,243 | +9.0% |
| Investment grants | 15 | €16,668 | €15,477 | -€1,191 | -7.1% |
| Provisions and deferred taxes | 16 | €6,165 | €5,725 | -€440 | -7.1% |
| Deferred taxes | 168 | €6,165 | €5,725 | -€440 | -7.1% |
| Amounts payable | 17/49 | €2,105,533 | €1,898,217 | -€207,317 | -9.8% |
| Amounts payable after more than one year | 17 | €458,860 | €331,792 | -€127,068 | -27.7% |
| Financial debts | 170/4 | €458,860 | €331,792 | -€127,068 | -27.7% |
| Amounts payable within one year | 42/48 | €1,646,044 | €1,565,783 | -€80,261 | -4.9% |
| Current portion of amounts payable after more than one year | 42 | €157,476 | €135,628 | -€21,848 | -13.9% |
| Financial debts | 43 | €104,359 | €77,763 | -€26,596 | -25.5% |
| Credit institutions | 430/8 | €34,359 | €7,763 | -€26,596 | -77.4% |
| Other loans | 439 | €70,000 | €70,000 | = | 0.0% |
| Trade debts | 44 | €1,239,818 | €1,227,248 | -€12,570 | -1.0% |
| Suppliers | 440/4 | €1,239,818 | €1,227,248 | -€12,570 | -1.0% |
| Taxes, remuneration and social security | 45 | €88,055 | €100,197 | +€12,142 | +13.8% |
| Taxes | 450/3 | €35,391 | €27,777 | -€7,615 | -21.5% |
| Remuneration and social security | 454/9 | €52,664 | €72,421 | +€19,757 | +37.5% |
| Other amounts payable | 47/48 | €56,336 | €24,947 | -€31,389 | -55.7% |
| Accrued charges and deferred income | 492/3 | €629 | €642 | +€13 | +2.0% |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €433,427 | €440,596 | +€7,169 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,897 | €78,389 | -€5,508 | -6.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €105,187 | €74,318 | -€30,869 | -29.3% |
| Other operating charges | 640/8 | €20,440 | €58,427 | +€37,987 | +186% |
| Gross operating margin | 9900 | €569,668 | €599,467 | +€29,799 | +5.2% |
| Operating profit (loss) | 9901 | -€73,284 | -€52,262 | +€21,022 | +28.7% |
| Financial income | 75/76B | €12,642 | €16,752 | +€4,110 | +32.5% |
| Recurring financial income | 75 | €8,782 | €16,752 | +€7,970 | +90.8% |
| Non-recurring financial income | 76B | €3,860 | - | -€3,860 | |
| Financial charges | 65/66B | €47,611 | €44,992 | -€2,619 | -5.5% |
| Recurring financial charges | 65 | €47,611 | €44,992 | -€2,619 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | -€108,254 | -€80,503 | +€27,751 | +25.6% |
| Transfer from deferred taxes | 780 | €440 | €440 | = | 0.0% |
| Income taxes | 67/77 | €303 | €2,708 | +€2,405 | +794% |
| Profit (loss) for the period | 9904 | -€108,116 | -€82,771 | +€25,345 | +23.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€108,116 | -€82,771 | +€25,345 | +23.4% |
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 17 October 2026 via checked.be.