SAN GIACOMO: 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.
SAN GIACOMO
Largest movements
- Current investments +€70,000
new in 2025: €70,000
- Tangible fixed assets -€42,384
down €42,384 (-5.6%), from €759,586 to €717,202
of which Land and buildings: -€35,100
- Cash -€33,251
down €33,251 (-14.1%), from €235,052 to €201,802
mainly Debts after one year (-€72,181) and Current investments (-€70,000)
- Debts after one year -€72,181
down €72,181 (-9.9%), from €728,793 to €656,611
of which Financial debts: -€72,181
- Profit (loss) carried forward +€37,434
up €37,434 (+27.6%), from €135,672 to €173,107
- Tax, wage and social debts +€13,627
up €13,627 (+317.1%), from €4,298 to €17,925
- Current portion of long-term debt +€13,201
up €13,201 (+22.4%), from €58,980 to €72,181
- Gross operating margin +€21,328
up €21,328 (+21.1%), from €101,129 to €122,457
- Taxes +€6,329
up €6,329 (+86.7%), from €7,298 to €13,627
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 | €996,061 | €990,426 | -€5,634 | -0.6% |
| Fixed assets | 21/28 | €761,008 | €718,625 | -€42,384 | -5.6% |
| Tangible fixed assets | 22/27 | €759,586 | €717,202 | -€42,384 | -5.6% |
| Land and buildings | 22 | €744,057 | €708,957 | -€35,100 | -4.7% |
| Plant, machinery and equipment | 23 | €15,529 | €8,245 | -€7,283 | -46.9% |
| Financial fixed assets | 28 | €1,422 | €1,422 | = | 0.0% |
| Current assets | 29/58 | €235,052 | €271,802 | +€36,749 | +15.6% |
| Current investments | 50/53 | - | €70,000 | +€70,000 | |
| Cash at bank and in hand | 54/58 | €235,052 | €201,802 | -€33,251 | -14.1% |
| Total equity and liabilities | 10/49 | €996,061 | €990,426 | -€5,634 | -0.6% |
| Equity | 10/15 | €203,872 | €241,307 | +€37,434 | +18.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €135,672 | €173,107 | +€37,434 | +27.6% |
| Amounts payable | 17/49 | €792,188 | €749,120 | -€43,069 | -5.4% |
| Amounts payable after more than one year | 17 | €728,793 | €656,611 | -€72,181 | -9.9% |
| Financial debts | 170/4 | €727,164 | €654,983 | -€72,181 | -9.9% |
| Other amounts payable | 178/9 | €1,628 | €1,628 | = | 0.0% |
| Amounts payable within one year | 42/48 | €63,396 | €92,508 | +€29,113 | +45.9% |
| Current portion of amounts payable after more than one year | 42 | €58,980 | €72,181 | +€13,201 | +22.4% |
| Trade debts | 44 | €55 | €2,339 | +€2,284 | +4187.0% |
| Suppliers | 440/4 | €55 | €2,339 | +€2,284 | +4187.0% |
| Taxes, remuneration and social security | 45 | €4,298 | €17,925 | +€13,627 | +317.1% |
| Taxes | 450/3 | €4,298 | €17,925 | +€13,627 | +317.1% |
| Other amounts payable | 47/48 | €63 | €63 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,524 | €42,384 | -€1,140 | -2.6% |
| Other operating charges | 640/8 | €14,821 | €15,286 | +€465 | +3.1% |
| Gross operating margin | 9900 | €101,129 | €122,457 | +€21,328 | +21.1% |
| Operating profit (loss) | 9901 | €42,785 | €64,788 | +€22,003 | +51.4% |
| Financial income | 75/76B | €0 | €0 | -€0 | -18.5% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -18.5% |
| Financial charges | 65/66B | €14,683 | €13,726 | -€957 | -6.5% |
| Recurring financial charges | 65 | €14,683 | €13,726 | -€957 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | €28,102 | €51,061 | +€22,960 | +81.7% |
| Income taxes | 67/77 | €7,298 | €13,627 | +€6,329 | +86.7% |
| Profit (loss) for the period | 9904 | €20,804 | €37,434 | +€16,630 | +79.9% |
| Profit (loss) for the period to be appropriated | 9905 | €20,804 | €37,434 | +€16,630 | +79.9% |
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 4 October 2026 via checked.be.