R.S BIANCHI: 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.
R.S BIANCHI
Largest movements
- Cash +€144,520
up €144,520 (+19.9%), from €724,601 to €869,121
mainly Net result for the year (+€86,500) and Investment in fixed assets (net) (+€62,051)
- Tangible fixed assets -€75,439
down €75,439 (-55.1%), from €136,864 to €61,426
of which Furniture and vehicles: -€70,680
- Stocks and contracts +€17,617
up €17,617 (+162%), from €10,872 to €28,489
- Reserves +€85,000
up €85,000 (+12.2%), from €698,360 to €783,360
of which Distributable reserves: +€85,000
- Gross operating margin -€30,596
down €30,596 (-15.1%), from €202,935 to €172,339
- Depreciation -€11,992
down €11,992 (-47.3%), from €25,380 to €13,388
- Taxes -€5,139
down €5,139 (-13.3%), from €38,674 to €33,535
- Financial income +€3,219
up €3,219 (+90.3%), from €3,566 to €6,785
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 | €903,419 | €995,420 | +€92,001 | +10.2% |
| Fixed assets | 21/28 | €137,374 | €61,935 | -€75,439 | -54.9% |
| Tangible fixed assets | 22/27 | €136,864 | €61,426 | -€75,439 | -55.1% |
| Plant, machinery and equipment | 23 | €2,337 | €1,851 | -€486 | -20.8% |
| Furniture and vehicles | 24 | €118,650 | €47,970 | -€70,680 | -59.6% |
| Other tangible fixed assets | 26 | €15,877 | €11,605 | -€4,273 | -26.9% |
| Financial fixed assets | 28 | €509 | €509 | = | 0.0% |
| Current assets | 29/58 | €766,045 | €933,485 | +€167,440 | +21.9% |
| Stocks and contracts in progress | 3 | €10,872 | €28,489 | +€17,617 | +162% |
| Stocks | 30/36 | €10,872 | €28,489 | +€17,617 | +162% |
| Amounts receivable within one year | 40/41 | €27,954 | €26,192 | -€1,762 | -6.3% |
| Trade receivables | 40 | €26,954 | €25,192 | -€1,762 | -6.5% |
| Other amounts receivable | 41 | €1,000 | €1,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €724,601 | €869,121 | +€144,520 | +19.9% |
| Deferred charges and accrued income | 490/1 | €2,619 | €9,684 | +€7,065 | +270% |
| Total equity and liabilities | 10/49 | €903,419 | €995,420 | +€92,001 | +10.2% |
| Equity | 10/15 | €820,628 | €907,128 | +€86,500 | +10.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €698,360 | €783,360 | +€85,000 | +12.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €696,500 | €781,500 | +€85,000 | +12.2% |
| Profit (loss) carried forward | 14 | €103,668 | €105,168 | +€1,500 | +1.4% |
| Amounts payable | 17/49 | €82,791 | €88,292 | +€5,502 | +6.6% |
| Amounts payable within one year | 42/48 | €82,791 | €88,292 | +€5,502 | +6.6% |
| Current portion of amounts payable after more than one year | 42 | €5,630 | €5,612 | -€18 | -0.3% |
| Trade debts | 44 | €12,319 | €11,206 | -€1,113 | -9.0% |
| Suppliers | 440/4 | €12,319 | €11,206 | -€1,113 | -9.0% |
| Taxes, remuneration and social security | 45 | €43,089 | €50,726 | +€7,637 | +17.7% |
| Taxes | 450/3 | €39,873 | €41,343 | +€1,470 | +3.7% |
| Remuneration and social security | 454/9 | €3,216 | €9,382 | +€6,167 | +192% |
| Other amounts payable | 47/48 | €21,753 | €20,748 | -€1,004 | -4.6% |
| Non-recurring operating income | 76A | €11,115 | €17,270 | +€6,155 | +55.4% |
| Remuneration, social security and pensions | 62 | €41,740 | €43,056 | +€1,316 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,380 | €13,388 | -€11,992 | -47.3% |
| Other operating charges | 640/8 | €968 | €737 | -€231 | -23.9% |
| Non-recurring operating charges | 66A | €235 | €64 | -€171 | -72.8% |
| Gross operating margin | 9900 | €202,935 | €172,339 | -€30,596 | -15.1% |
| Operating profit (loss) | 9901 | €134,612 | €115,094 | -€19,518 | -14.5% |
| Financial income | 75/76B | €3,566 | €6,785 | +€3,219 | +90.3% |
| Recurring financial income | 75 | €3,566 | €6,785 | +€3,219 | +90.3% |
| Financial charges | 65/66B | €2,123 | €1,844 | -€278 | -13.1% |
| Recurring financial charges | 65 | €2,123 | €1,844 | -€278 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | €136,056 | €120,035 | -€16,021 | -11.8% |
| Income taxes | 67/77 | €38,674 | €33,535 | -€5,139 | -13.3% |
| Profit (loss) for the period | 9904 | €97,381 | €86,500 | -€10,882 | -11.2% |
| Profit (loss) for the period to be appropriated | 9905 | €97,381 | €86,500 | -€10,882 | -11.2% |
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 30 October 2026 via checked.be.