ROBERTO GRASSO: 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.
ROBERTO GRASSO
Largest movements
- Tangible fixed assets -€13,230
down €13,230 (-3.7%), from €355,538 to €342,308
of which Land and buildings: -€15,321
- Cash +€13,213
up €13,213 (+39.4%), from €33,538 to €46,751
mainly Depreciation (+€17,481) and Other debts (+€957)
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€8,331
down €8,331 (-28.7%), from €29,063 to €20,733
- Depreciation -€3,961
down €3,961 (-18.5%), from €21,442 to €17,481
- Other operating charges +€1,687
up €1,687 (+65.2%), from €2,586 to €4,273
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 | €389,076 | €389,059 | -€17 | 0.0% |
| Fixed assets | 21/28 | €355,538 | €342,308 | -€13,230 | -3.7% |
| Tangible fixed assets | 22/27 | €355,538 | €342,308 | -€13,230 | -3.7% |
| Land and buildings | 22 | €340,415 | €325,095 | -€15,321 | -4.5% |
| Furniture and vehicles | 24 | €15,123 | €17,213 | +€2,091 | +13.8% |
| Current assets | 29/58 | €33,538 | €46,751 | +€13,213 | +39.4% |
| Cash at bank and in hand | 54/58 | €33,538 | €46,751 | +€13,213 | +39.4% |
| Total equity and liabilities | 10/49 | €389,076 | €389,059 | -€17 | 0.0% |
| Equity | 10/15 | €351,484 | €350,187 | -€1,297 | -0.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €339,084 | €337,787 | -€1,297 | -0.4% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €320,334 | €319,037 | -€1,297 | -0.4% |
| Amounts payable | 17/49 | €37,593 | €38,873 | +€1,280 | +3.4% |
| Amounts payable within one year | 42/48 | €36,373 | €37,653 | +€1,280 | +3.5% |
| Trade debts | 44 | - | €323 | +€323 | |
| Suppliers | 440/4 | - | €323 | +€323 | |
| Other amounts payable | 47/48 | €36,373 | €37,330 | +€957 | +2.6% |
| Accrued charges and deferred income | 492/3 | €1,220 | €1,220 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,442 | €17,481 | -€3,961 | -18.5% |
| Other operating charges | 640/8 | €2,586 | €4,273 | +€1,687 | +65.2% |
| Gross operating margin | 9900 | €29,063 | €20,733 | -€8,331 | -28.7% |
| Operating profit (loss) | 9901 | €5,035 | -€1,022 | -€6,057 | |
| Financial charges | 65/66B | €275 | €275 | -€0 | 0.0% |
| Recurring financial charges | 65 | €275 | €275 | -€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €4,761 | -€1,297 | -€6,057 | |
| Profit (loss) for the period | 9904 | €4,761 | -€1,297 | -€6,057 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,761 | -€1,297 | -€6,057 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.