Russo Giuseppe: what changed
Russo Giuseppe
Largest movements
- Cash +€18,692
up €18,692 (+211%), from €8,877 to €27,569
mainly Net result for the year (+€16,346) and Other debts (+€6,746)
- Receivables within one year +€7,258
up €7,258 (+182%), from €3,998 to €11,256
- Stocks and contracts -€3,445
down €3,445 (-5.0%), from €68,323 to €64,878
- Tangible fixed assets -€1,499
down €1,499 (-78.0%), from €1,921 to €423
- Profit (loss) carried forward +€16,346
up €16,346 (+18.4%), from -€88,918 to -€72,572
- Other debts +€6,746
up €6,746 (+4.8%), from €141,381 to €148,128
- Trade debts -€1,050
down €1,050 (-20.2%), from €5,193 to €4,143
- Gross operating margin +€10,892
up €10,892 (+135%), from €8,081 to €18,973
- Depreciation -€1,104
down €1,104 (-42.4%), from €2,603 to €1,499
- Other operating charges +€316
up €316 (+47.4%), from €667 to €983
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €83,119 | €104,126 | +€21,007 | +25.3% |
| Fixed assets | 21/28 | €1,921 | €423 | -€1,499 | -78.0% |
| Tangible fixed assets | 22/27 | €1,921 | €423 | -€1,499 | -78.0% |
| Furniture and vehicles | 24 | €1,921 | €423 | -€1,499 | -78.0% |
| Current assets | 29/58 | €81,198 | €103,703 | +€22,505 | +27.7% |
| Stocks and contracts in progress | 3 | €68,323 | €64,878 | -€3,445 | -5.0% |
| Stocks | 30/36 | €68,323 | €64,878 | -€3,445 | -5.0% |
| Amounts receivable within one year | 40/41 | €3,998 | €11,256 | +€7,258 | +182% |
| Trade receivables | 40 | €3,998 | €11,256 | +€7,258 | +182% |
| Cash at bank and in hand | 54/58 | €8,877 | €27,569 | +€18,692 | +211% |
| Total equity and liabilities | 10/49 | €83,119 | €104,126 | +€21,007 | +25.3% |
| Equity | 10/15 | -€68,918 | -€52,572 | +€16,346 | +23.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€88,918 | -€72,572 | +€16,346 | +18.4% |
| Amounts payable | 17/49 | €152,037 | €156,697 | +€4,661 | +3.1% |
| Amounts payable within one year | 42/48 | €152,037 | €156,697 | +€4,661 | +3.1% |
| Trade debts | 44 | €5,193 | €4,143 | -€1,050 | -20.2% |
| Suppliers | 440/4 | €5,193 | €4,143 | -€1,050 | -20.2% |
| Taxes, remuneration and social security | 45 | €5,462 | €4,427 | -€1,035 | -19.0% |
| Taxes | 450/3 | €4,962 | €4,427 | -€535 | -10.8% |
| Remuneration and social security | 454/9 | €500 | - | -€500 | |
| Other amounts payable | 47/48 | €141,381 | €148,128 | +€6,746 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,603 | €1,499 | -€1,104 | -42.4% |
| Other operating charges | 640/8 | €667 | €983 | +€316 | +47.4% |
| Gross operating margin | 9900 | €8,081 | €18,973 | +€10,892 | +135% |
| Operating profit (loss) | 9901 | €4,811 | €16,491 | +€11,680 | +243% |
| Financial income | 75/76B | €1 | €48 | +€46 | +3,560% |
| Recurring financial income | 75 | €1 | €48 | +€46 | +3,560% |
| Financial charges | 65/66B | €163 | €193 | +€30 | +18.3% |
| Recurring financial charges | 65 | €163 | €193 | +€30 | +18.3% |
| Profit (loss) for the period before taxes | 9903 | €4,650 | €16,346 | +€11,696 | +252% |
| Profit (loss) for the period | 9904 | €4,650 | €16,346 | +€11,696 | +252% |
| Profit (loss) for the period to be appropriated | 9905 | €4,650 | €16,346 | +€11,696 | +252% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.