TOSCANA: 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.
TOSCANA
Largest movements
- Tangible fixed assets -€32,416
down €32,416 (-30.9%), from €105,037 to €72,620
of which Land and buildings: -€29,967
- Cash -€28,567
down €28,567 (-35.0%), from €81,598 to €53,032
mainly Net result for the year (-€23,883) and Debts after one year (-€21,959)
- Receivables within one year +€11,934
up €11,934 (+96.6%), from €12,358 to €24,292
- Debts after one year -€21,959
down €21,959 (-90.5%), from €24,262 to €2,303
- Profit (loss) carried forward -€20,229
down €20,229 (-132%), from -€15,351 to -€35,580
- Trade debts +€14,082
up €14,082 (+79.3%), from €17,748 to €31,830
- Current portion of long-term debt -€10,291
down €10,291 (-28.9%), from €35,615 to €25,324
- Tax, wage and social debts -€5,959
down €5,959 (-29.6%), from €20,146 to €14,187
of which Remuneration and social security: -€8,340
- Staff costs +€40,413
up €40,413 (+32.2%), from €125,533 to €165,946
- Gross operating margin +€30,760
up €30,760 (+19.7%), from €156,229 to €186,989
- Depreciation -€3,869
down €3,869 (-9.1%), from €42,330 to €38,461
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.
Derived cash bridge
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 | €201,068 | €153,382 | -€47,686 | -23.7% |
| Fixed assets | 21/28 | €105,037 | €72,620 | -€32,416 | -30.9% |
| Tangible fixed assets | 22/27 | €105,037 | €72,620 | -€32,416 | -30.9% |
| Land and buildings | 22 | €89,739 | €59,771 | -€29,967 | -33.4% |
| Plant, machinery and equipment | 23 | €11,711 | €7,610 | -€4,101 | -35.0% |
| Furniture and vehicles | 24 | - | €5,239 | +€5,239 | |
| Leasing and similar rights | 25 | €3,587 | - | -€3,587 | |
| Current assets | 29/58 | €96,032 | €80,762 | -€15,270 | -15.9% |
| Stocks and contracts in progress | 3 | €2,075 | €2,870 | +€795 | +38.3% |
| Stocks | 30/36 | €2,075 | €2,870 | +€795 | +38.3% |
| Amounts receivable within one year | 40/41 | €12,358 | €24,292 | +€11,934 | +96.6% |
| Other amounts receivable | 41 | €12,358 | €24,292 | +€11,934 | +96.6% |
| Cash at bank and in hand | 54/58 | €81,598 | €53,032 | -€28,567 | -35.0% |
| Deferred charges and accrued income | 490/1 | - | €568 | +€568 | |
| Total equity and liabilities | 10/49 | €201,068 | €153,382 | -€47,686 | -23.7% |
| Equity | 10/15 | €100,408 | €76,524 | -€23,883 | -23.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €97,159 | €93,504 | -€3,655 | -3.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €95,299 | €91,644 | -€3,655 | -3.8% |
| Profit (loss) carried forward | 14 | -€15,351 | -€35,580 | -€20,229 | -132% |
| Amounts payable | 17/49 | €100,661 | €76,858 | -€23,802 | -23.6% |
| Amounts payable after more than one year | 17 | €24,262 | €2,303 | -€21,959 | -90.5% |
| Financial debts | 170/4 | €24,262 | €2,303 | -€21,959 | -90.5% |
| Amounts payable within one year | 42/48 | €76,399 | €74,555 | -€1,844 | -2.4% |
| Current portion of amounts payable after more than one year | 42 | €35,615 | €25,324 | -€10,291 | -28.9% |
| Trade debts | 44 | €17,748 | €31,830 | +€14,082 | +79.3% |
| Suppliers | 440/4 | €17,748 | €31,830 | +€14,082 | +79.3% |
| Taxes, remuneration and social security | 45 | €20,146 | €14,187 | -€5,959 | -29.6% |
| Taxes | 450/3 | €6,883 | €9,263 | +€2,380 | +34.6% |
| Remuneration and social security | 454/9 | €13,263 | €4,924 | -€8,340 | -62.9% |
| Other amounts payable | 47/48 | €2,890 | €3,214 | +€324 | +11.2% |
| Remuneration, social security and pensions | 62 | €125,533 | €165,946 | +€40,413 | +32.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,330 | €38,461 | -€3,869 | -9.1% |
| Other operating charges | 640/8 | €652 | €2,255 | +€1,603 | +246% |
| Gross operating margin | 9900 | €156,229 | €186,989 | +€30,760 | +19.7% |
| Operating profit (loss) | 9901 | -€12,286 | -€19,674 | -€7,387 | -60.1% |
| Financial charges | 65/66B | €3,065 | €3,502 | +€437 | +14.2% |
| Recurring financial charges | 65 | €3,065 | €3,502 | +€437 | +14.2% |
| Profit (loss) for the period before taxes | 9903 | -€15,351 | -€23,176 | -€7,824 | -51.0% |
| Income taxes | 67/77 | - | €708 | +€708 | |
| Profit (loss) for the period | 9904 | -€15,351 | -€23,883 | -€8,532 | -55.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,351 | -€23,883 | -€8,532 | -55.6% |
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 16 October 2026 via checked.be.