Financial Statements at 31/12/2025
Company details | |
Name | DESIO OBG S.R.L. |
Registered office | VIA V. ALFIERI 1 - 31015 CONEGLIANO (TV) |
Quota capital | 10,000 |
Fully paid-up quota capital | yes |
CCIAA (Chamber of Commerce) Code | TV |
VAT | 04864650264 |
Tax code | 04864650264 |
REA (Administrative Economic Register): | 404888 |
Legal status | Limited Liability Company |
Core business sector (ATECO, Classification of Economic Activities) | Other various credit granting n.e.c. (64.92.99) |
Company in liquidation | no |
Sole-quotaholder company | no |
Company subject to third-party management and coordination | yes |
Name of the company or entity that carries out management and coordination | |
Membership to a group | yes |
Name of the parent company | BANCO DI DESIO E DELLA BRIANZA S.P.A. |
Country of the parent company | ITALY |
Number of registration in the register of cooperative companies | |
31/12/2025 | 31/12/2024 | |
Balance sheet | ||
Assets | ||
A) Subscribed capital unpaid | ||
B) Fixed assets | ||
I - Intangible assets | ||
II - Property, plant and equipment | ||
III - Non-current financial assets | ||
Total fixed assets (B) | ||
C) Current assets | ||
I - Inventories | ||
Property, plant and equipment held for sale | ||
II - Receivables | ||
due within 12 months | 9,465 | 5,595 |
due beyond 12 months | 767 | 200 |
deferred tax assets | ||
Total receivables | 10,232 | 5,795 |
III - Current financial assets | ||
IV - Cash and cash equivalents | 32,147 | 33,497 |
Total current assets (C) | 42,379 | 39,292 |
D) Accrued income and prepaid expenses | 14,344 | 13,361 |
Total assets | 56,723 | 52,653 |
Liabilities | ||
A) Equity | ||
I - Quota capital | 10,000 | 10,000 |
II - Premium reserve | ||
III - Revaluation reserves | ||
IV - Legal reserve | ||
V - Reserves required by articles of association | ||
VI - Other reserves | 0 | |
VII - Cash flow hedge reserve | ||
VIII - Profits (losses) carried forward | ||
IX - Profit (loss) for the year | 0 | 0 |
Loss covered in the year | ||
X - Negative reserve for own quotas in portfolio | ||
Total equity | 10,000 | 10,000 |
B) Provisions for risks and charges | ||
C) Employee severance pay | ||
D) Payables | ||
due within 12 months | 35,932 | 32,864 |
due beyond 12 months | ||
Total payables | 35,932 | 32,864 |
E) Accrued expenses and deferred income | 10,791 | 9,789 |
Total liabilities | 56,723 | 52,653 |
31/12/2025 | 31/12/2024 | |
Income statement |
A) Value of production | ||
1) revenues from sales and services | 0 | 0 |
2), 3) changes in inventories of work in progress, semi-finished and finished products and contract work in progress | ||
2) changes in inventories of work in progress, semi-finished and finished products | ||
3) changes in contract work in progress | ||
4) capitalisation of internal construction costs | ||
5) other revenues and income | ||
operating grants | ||
Others | 110,541 | 102,119 |
Total other revenues and income | 110,541 | 102,119 |
Total value of production | 110,541 | 102,119 |
B) Production costs | ||
6) raw materials, supplies, consumables and goods for resale | ||
7) services | 111,228 | 102,473 |
8) leases and rentals | ||
9) personnel | ||
a) wages and salaries | ||
b) social security contributions | ||
c), d), e) employee severance pay, pension fund, other personnel costs | ||
c) employee severance pay | ||
d) pension fund and similar obligations | ||
e) other costs | ||
Total personnel costs | ||
10) amortisation, depreciation and write-downs | ||
a), b), c) amortisation of intangible assets, depreciation of property, plant and equipment, other write-downs of fixed assets | ||
a) amortisation of intangible assets | ||
b) depreciation of property, plant and equipment | ||
c) other write-downs of fixed assets | ||
d) write-downs of receivables stated in current assets and of cash and cash equivalents | ||
Total amortisation, depreciation and write-downs | ||
11) changes in inventories of raw materials, supplies, consumables and goods for resale | ||
12) provisions for risks | ||
13) other provisions | ||
14) other operating costs | 527 | 489 |
Total production costs | 111,755 | 102,962 |
Difference between production value and costs (A - B) | (1,214) | (843) |
C) Financial income and costs | ||
15) income from equity investments | ||
from subsidiaries | ||
from associates | ||
from parent companies | ||
from entities controlled by parent companies | ||
Others | ||
Total income from equity investments | ||
16) other financial income |
a) from receivables stated in fixed assets | ||
from subsidiaries | ||
from associates | ||
from parent companies | ||
from entities controlled by parent companies | ||
Others | ||
Total financial income from receivables stated in fixed assets | ||
b), c) from securities stated in fixed assets other than equity investments and from securities stated in current assets other than equity investments | ||
b) from securities stated in fixed assets other than equity investments | ||
c) from securities stated in current assets other than equity investments | ||
d) income other than the foregoing | ||
from subsidiaries | ||
from associates | ||
from parent companies | ||
from entities controlled by parent companies | ||
Others | 1,296 | 1,959 |
Total income other than the foregoing | 1,296 | 1,959 |
Total other financial income | 1,296 | 1,959 |
17) interest and other financial costs | ||
to subsidiaries | ||
to associates | ||
to parent companies | ||
to entities controlled by parent companies | ||
Others | ||
Total interest and other financial costs | ||
17-bis) foreign exchange gains and losses | ||
Total financial income and costs (15 + 16 - 17 + - 17-bis) | 1,296 | 1,959 |
D) Value adjustments to financial assets and liabilities | ||
18) revaluations | ||
a) of equity investments | ||
b) of non-current financial assets other than equity investments | ||
c) of securities stated in current assets other than equity investments | ||
d) of derivatives | ||
of financial assets for cash pooling | ||
Total revaluations | ||
19) write-downs | ||
a) of equity investments | ||
b) of non-current financial assets other than equity investments | ||
c) of securities stated in current assets other than equity investments | ||
d) of derivatives | ||
of financial assets for cash pooling | ||
Total write-downs | ||
Total value adjustments to financial assets and liabilities (18 - 19) | ||
Profit (loss) before tax (A - B + - C + - D) | 82 | 1,116 |
20) Current, deferred and prepaid taxes for the year | ||
current taxes | 16 | 837 |
taxes relating to previous years | 66 | 279 |
deferred and prepaid taxes | ||
income (costs) from agreement to tax consolidation / tax transparency scheme | ||
Total current, deferred and prepaid taxes for the year | 82 | 1,116 |
21) Profit (loss) for the year | 0 | 0 |
Dear Quotaholder, these Explanatory Notes form an integral part of the financial statements at 31 December 2025.
The Company was established on 27 February 2017 pursuant to Law no. 130 of 30 April 1999 ("Law no. 130") which contains provisions governing the implementation of securitisation transactions in Italy.
Legislative Decree no. 141 of 2010, as amended, provides that securitisation SPVs must be established as joint stock companies.
Pursuant to the Bank of Italy's Order of 12 December 2023 (in force from 20 December 2023), the Company is registered on the List of Securitisation Companies kept by the Bank of Italy.
In compliance with the Articles of Association and the provisions of Law no. 130, the sole purpose of the Company is the acquisition from banks of the assets listed below, for valuable consideration, within one or more issues (including both single transactions and programmes) of covered bonds (Obbligazioni Bancarie Garantite) carried out pursuant to Title I-bis of Law no. 130, as amended and supplemented, and related implementing provisions:
land and mortgage loans, which can also be identified in bulk;
receivables that are claimed from or guaranteed by public authorities, and securities issued or guaranteed at the same terms and conditions, which can also be identified in bulk;
securities issued within securitisation transactions concerning receivables that are of the same type;
additional eligible assets or integration eligible assets that are permitted by the aforesaid regulations;
through the raising of loans which are also granted or secured by the assignor banks, as well as the provision of guarantees issued by the same banks or by other banks.
Notes to the financial statements XBRL at 31/12/2025 Page