TORINO: 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.
TORINO
Largest movements
- Tangible fixed assets +€32,420
up €32,420 (+21.5%), from €151,051 to €183,472
of which Furniture and vehicles: +€46,639
- Cash +€18,508
up €18,508 (+13.5%), from €137,596 to €156,104
mainly Net result for the year (+€63,865) and Depreciation (+€50,235)
- Reserves +€63,865
up €63,865 (+37.3%), from €171,169 to €235,034
of which Distributable reserves: +€63,865
- Other debts -€9,399
down €9,399 (-21.7%), from €43,400 to €34,001
- Tax, wage and social debts +€4,449
up €4,449 (+63.2%), from €7,038 to €11,486
of which Taxes: +€6,386
- Gross operating margin +€48,587
up €48,587 (+43.1%), from €112,831 to €161,419
- Depreciation -€22,568
down €22,568 (-31.0%), from €72,803 to €50,235
- Taxes +€15,444
up €15,444 (+3307.8%), from €467 to €15,911
- Staff costs -€6,159
down €6,159 (-18.0%), from €34,145 to €27,987
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 | €316,305 | €370,997 | +€54,692 | +17.3% |
| Fixed assets | 21/28 | €151,051 | €183,472 | +€32,420 | +21.5% |
| Tangible fixed assets | 22/27 | €151,051 | €183,472 | +€32,420 | +21.5% |
| Plant, machinery and equipment | 23 | €102,692 | €88,472 | -€14,219 | -13.8% |
| Furniture and vehicles | 24 | €48,360 | €94,999 | +€46,639 | +96.4% |
| Current assets | 29/58 | €165,254 | €187,525 | +€22,271 | +13.5% |
| Stocks and contracts in progress | 3 | €11,217 | €14,300 | +€3,083 | +27.5% |
| Stocks | 30/36 | €11,217 | €14,300 | +€3,083 | +27.5% |
| Amounts receivable within one year | 40/41 | €16,441 | €16,632 | +€191 | +1.2% |
| Trade receivables | 40 | €11,663 | - | -€11,663 | |
| Other amounts receivable | 41 | €4,777 | €16,632 | +€11,854 | +248.1% |
| Cash at bank and in hand | 54/58 | €137,596 | €156,104 | +€18,508 | +13.5% |
| Deferred charges and accrued income | 490/1 | - | €490 | +€490 | |
| Total equity and liabilities | 10/49 | €316,305 | €370,997 | +€54,692 | +17.3% |
| Equity | 10/15 | €258,160 | €322,026 | +€63,865 | +24.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €171,169 | €235,034 | +€63,865 | +37.3% |
| Tax-exempt reserves | 132 | €21,710 | €21,710 | = | 0.0% |
| Distributable reserves | 133 | €149,459 | €213,324 | +€63,865 | +42.7% |
| Profit (loss) carried forward | 14 | €68,392 | €68,392 | = | 0.0% |
| Amounts payable | 17/49 | €58,145 | €48,971 | -€9,174 | -15.8% |
| Amounts payable within one year | 42/48 | €58,145 | €48,971 | -€9,174 | -15.8% |
| Current portion of amounts payable after more than one year | 42 | €2,787 | - | -€2,787 | |
| Trade debts | 44 | €4,920 | €3,484 | -€1,437 | -29.2% |
| Suppliers | 440/4 | €4,920 | €3,484 | -€1,437 | -29.2% |
| Taxes, remuneration and social security | 45 | €7,038 | €11,486 | +€4,449 | +63.2% |
| Taxes | 450/3 | €5,100 | €11,486 | +€6,386 | +125.2% |
| Remuneration and social security | 454/9 | €1,938 | - | -€1,938 | |
| Other amounts payable | 47/48 | €43,400 | €34,001 | -€9,399 | -21.7% |
| Remuneration, social security and pensions | 62 | €34,145 | €27,987 | -€6,159 | -18.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,803 | €50,235 | -€22,568 | -31.0% |
| Other operating charges | 640/8 | €3,583 | €3,463 | -€119 | -3.3% |
| Gross operating margin | 9900 | €112,831 | €161,419 | +€48,587 | +43.1% |
| Operating profit (loss) | 9901 | €2,301 | €79,734 | +€77,433 | +3365.4% |
| Financial income | 75/76B | €1,387 | €151 | -€1,236 | -89.1% |
| Recurring financial income | 75 | €1,387 | €151 | -€1,236 | -89.1% |
| Financial charges | 65/66B | €390 | €108 | -€281 | -72.2% |
| Recurring financial charges | 65 | €390 | €108 | -€281 | -72.2% |
| Profit (loss) for the period before taxes | 9903 | €3,298 | €79,776 | +€76,478 | +2319.0% |
| Income taxes | 67/77 | €467 | €15,911 | +€15,444 | +3307.8% |
| Profit (loss) for the period | 9904 | €2,831 | €63,865 | +€61,034 | +2155.9% |
| Profit (loss) for the period to be appropriated | 9905 | €2,831 | €63,865 | +€61,034 | +2155.9% |
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 11 October 2026 via checked.be.