VICENZA: 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.
VICENZA
Largest movements
- Tangible fixed assets +€419,607
up €419,607 (+852.3%), from €49,233 to €468,840
of which Other tangible fixed assets: +€250,825
- Receivables within one year +€56,703
up €56,703 (+18.0%), from €314,249 to €370,953
- Cash -€25,211
down €25,211 (-70.7%), from €35,651 to €10,440
mainly Investment in fixed assets (net) (-€477,066) and Receivables within one year (-€56,703)
- Current portion of long-term debt +€178,932
new in 2024: €178,932
- Reserves +€140,000
up €140,000 (+63.6%), from €220,299 to €360,299
of which Distributable reserves: +€140,000
- Trade debts +€57,165
up €57,165 (+2500.3%), from €2,286 to €59,451
- Tax, wage and social debts +€34,512
up €34,512 (+32.6%), from €105,914 to €140,426
of which Taxes: +€35,156
- Debts after one year +€32,000
new in 2024: €32,000
- Gross operating margin +€78,459
up €78,459 (+22.3%), from €352,040 to €430,499
- Depreciation +€35,884
up €35,884 (+166.3%), from €21,574 to €57,459
- Financial charges +€29,207
up €29,207 (+603.3%), from €4,841 to €34,048
- Staff costs -€26,912
down €26,912 (-20.6%), from €130,833 to €103,921
- Taxes +€15,883
up €15,883 (+24.5%), from €64,941 to €80,824
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €410,545 | €856,200 | +€445,655 | +108.6% |
| Fixed assets | 21/28 | €52,549 | €472,156 | +€419,607 | +798.5% |
| Tangible fixed assets | 22/27 | €49,233 | €468,840 | +€419,607 | +852.3% |
| Plant, machinery and equipment | 23 | €35,900 | €211,349 | +€175,449 | +488.7% |
| Furniture and vehicles | 24 | €13,333 | €6,667 | -€6,667 | -50.0% |
| Other tangible fixed assets | 26 | - | €250,825 | +€250,825 | |
| Financial fixed assets | 28 | €3,316 | €3,316 | = | 0.0% |
| Current assets | 29/58 | €357,996 | €384,044 | +€26,047 | +7.3% |
| Stocks and contracts in progress | 3 | €3,426 | €2,601 | -€825 | -24.1% |
| Stocks | 30/36 | €3,426 | €2,601 | -€825 | -24.1% |
| Amounts receivable within one year | 40/41 | €314,249 | €370,953 | +€56,703 | +18.0% |
| Other amounts receivable | 41 | €314,249 | €370,953 | +€56,703 | +18.0% |
| Cash at bank and in hand | 54/58 | €35,651 | €10,440 | -€25,211 | -70.7% |
| Deferred charges and accrued income | 490/1 | €4,670 | €50 | -€4,620 | -98.9% |
| Total equity and liabilities | 10/49 | €410,545 | €856,200 | +€445,655 | +108.6% |
| Equity | 10/15 | €302,345 | €445,391 | +€143,046 | +47.3% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €220,299 | €360,299 | +€140,000 | +63.6% |
| Tax-exempt reserves | 132 | €6,000 | €6,000 | = | 0.0% |
| Distributable reserves | 133 | €214,299 | €354,299 | +€140,000 | +65.3% |
| Profit (loss) carried forward | 14 | €61,586 | €64,632 | +€3,046 | +4.9% |
| Amounts payable | 17/49 | €108,200 | €410,809 | +€302,608 | +279.7% |
| Amounts payable after more than one year | 17 | - | €32,000 | +€32,000 | |
| Financial debts | 170/4 | - | €32,000 | +€32,000 | |
| Amounts payable within one year | 42/48 | €108,200 | €378,809 | +€270,608 | +250.1% |
| Current portion of amounts payable after more than one year | 42 | - | €178,932 | +€178,932 | |
| Trade debts | 44 | €2,286 | €59,451 | +€57,165 | +2500.3% |
| Suppliers | 440/4 | €2,286 | €59,451 | +€57,165 | +2500.3% |
| Taxes, remuneration and social security | 45 | €105,914 | €140,426 | +€34,512 | +32.6% |
| Taxes | 450/3 | €94,477 | €129,633 | +€35,156 | +37.2% |
| Remuneration and social security | 454/9 | €11,437 | €10,793 | -€644 | -5.6% |
| Remuneration, social security and pensions | 62 | €130,833 | €103,921 | -€26,912 | -20.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,574 | €57,459 | +€35,884 | +166.3% |
| Other operating charges | 640/8 | €13,487 | €11,594 | -€1,893 | -14.0% |
| Gross operating margin | 9900 | €352,040 | €430,499 | +€78,459 | +22.3% |
| Operating profit (loss) | 9901 | €186,145 | €257,525 | +€71,380 | +38.3% |
| Financial income | 75/76B | €140 | €394 | +€254 | +181.9% |
| Recurring financial income | 75 | €140 | €394 | +€254 | +181.9% |
| Financial charges | 65/66B | €4,841 | €34,048 | +€29,207 | +603.3% |
| Recurring financial charges | 65 | €4,841 | €34,048 | +€29,207 | +603.3% |
| Profit (loss) for the period before taxes | 9903 | €181,443 | €223,870 | +€42,427 | +23.4% |
| Income taxes | 67/77 | €64,941 | €80,824 | +€15,883 | +24.5% |
| Profit (loss) for the period | 9904 | €116,502 | €143,046 | +€26,544 | +22.8% |
| Profit (loss) for the period to be appropriated | 9905 | €116,502 | €143,046 | +€26,544 | +22.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.