RISORGIMENTO: 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.
RISORGIMENTO
Largest movements
- Tangible fixed assets -€17,231
down €17,231 (-5.5%), from €314,555 to €297,324
of which Land and buildings: -€14,746
- Formation expenses -€10,000
down €10,000 (-50.0%), from €20,000 to €10,000
- Receivables within one year +€8,049
up €8,049 (+19.0%), from €42,258 to €50,307
of which Other amounts receivable: +€20,270
- Reserves -€50,000
down €50,000 (-50.7%), from €98,540 to €48,540
of which Non-distributable reserves: -€50,000
- Profit (loss) carried forward +€38,391
up €38,391 (+11.8%), from -€324,569 to -€286,178
- Debts after one year -€10,293
down €10,293 (-5.6%), from €182,652 to €172,358
- Financial charges -€4,479
down €4,479 (-40.4%), from €11,075 to €6,596
- Gross operating margin -€2,605
down €2,605 (-8.4%), from €30,970 to €28,365
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 | €473,226 | €452,421 | -€20,804 | -4.4% |
| Formation expenses | 20 | €20,000 | €10,000 | -€10,000 | -50.0% |
| Fixed assets | 21/28 | €314,555 | €297,324 | -€17,231 | -5.5% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €314,555 | €297,324 | -€17,231 | -5.5% |
| Land and buildings | 22 | €310,668 | €295,922 | -€14,746 | -4.7% |
| Furniture and vehicles | 24 | €3,887 | €1,402 | -€2,485 | -63.9% |
| Current assets | 29/58 | €138,671 | €145,097 | +€6,427 | +4.6% |
| Amounts receivable within one year | 40/41 | €42,258 | €50,307 | +€8,049 | +19.0% |
| Trade receivables | 40 | €12,221 | - | -€12,221 | |
| Other amounts receivable | 41 | €30,037 | €50,307 | +€20,270 | +67.5% |
| Cash at bank and in hand | 54/58 | €90,044 | €87,294 | -€2,750 | -3.1% |
| Deferred charges and accrued income | 490/1 | €6,368 | €7,496 | +€1,128 | +17.7% |
| Total equity and liabilities | 10/49 | €473,226 | €452,421 | -€20,804 | -4.4% |
| Equity | 10/15 | €273,970 | €262,361 | -€11,609 | -4.2% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €98,540 | €48,540 | -€50,000 | -50.7% |
| Non-distributable reserves | 130/1 | €50,000 | - | -€50,000 | |
| Reserves not available under the articles | 1311 | €50,000 | - | -€50,000 | |
| Distributable reserves | 133 | €48,540 | €48,540 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€324,569 | -€286,178 | +€38,391 | +11.8% |
| Amounts payable | 17/49 | €199,255 | €190,060 | -€9,195 | -4.6% |
| Amounts payable after more than one year | 17 | €182,652 | €172,358 | -€10,293 | -5.6% |
| Financial debts | 170/4 | €182,652 | €172,358 | -€10,293 | -5.6% |
| Amounts payable within one year | 42/48 | €10,048 | €10,824 | +€776 | +7.7% |
| Current portion of amounts payable after more than one year | 42 | €9,273 | €10,153 | +€879 | +9.5% |
| Trade debts | 44 | €295 | - | -€295 | |
| Suppliers | 440/4 | €295 | - | -€295 | |
| Taxes, remuneration and social security | 45 | €480 | €671 | +€192 | +40.0% |
| Taxes | 450/3 | €480 | €671 | +€192 | +40.0% |
| Accrued charges and deferred income | 492/3 | €6,556 | €6,877 | +€322 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,231 | €27,231 | = | 0.0% |
| Other operating charges | 640/8 | €6,730 | €6,877 | +€147 | +2.2% |
| Gross operating margin | 9900 | €30,970 | €28,365 | -€2,605 | -8.4% |
| Operating profit (loss) | 9901 | -€2,991 | -€5,744 | -€2,753 | -92.0% |
| Financial income | 75/76B | €626 | €923 | +€297 | +47.5% |
| Recurring financial income | 75 | €626 | €923 | +€297 | +47.5% |
| Financial charges | 65/66B | €11,075 | €6,596 | -€4,479 | -40.4% |
| Recurring financial charges | 65 | €11,075 | €6,596 | -€4,479 | -40.4% |
| Profit (loss) for the period before taxes | 9903 | -€13,440 | -€11,417 | +€2,023 | +15.1% |
| Income taxes | 67/77 | €175 | €192 | +€17 | +9.5% |
| Profit (loss) for the period | 9904 | -€13,616 | -€11,609 | +€2,007 | +14.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,616 | -€11,609 | +€2,007 | +14.7% |
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 2 October 2026 via checked.be.