Casa Bada — Monthly P&L September 2026 · YTD
Villa stays & events · 2026 · Prepared by TMG Books · operating margin, before financing and tax (EUR)
Profit & Loss — Casa Bada (Original)
| P&L (Operating) | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | YTD 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Accommodation revenue | €698 | €3,677 | €4,155 | €9,439 | €13,372 | €16,124 | €16,457 | €17,981 | €14,359 | €96,262 |
| Experiences revenue | €0 | €434 | €1,757 | €581 | €632 | €1,055 | €1,614 | €822 | €918 | €7,813 |
| Other income | €0 | €5,530 | €0 | €0 | €0 | €0 | €0 | €0 | €0 | €5,530 |
| Total Revenue | €698 | €9,641 | €5,912 | €10,020 | €14,004 | €17,179 | €18,071 | €18,803 | €15,277 | €109,605 |
| COST OF SALES | €270 | €454 | €616 | €36 | €1,401 | €1,569 | €725 | €3,989 | €1,651 | €10,711 |
| Platform commissions | €270 | €454 | €616 | €36 | €1,401 | €1,569 | €725 | €3,989 | €1,651 | €10,711 |
| GROSS MARGIN | €428 | €9,187 | €5,296 | €9,984 | €12,603 | €15,610 | €17,346 | €14,814 | €13,626 | €98,894 |
| Gross Margin % | 61% | 95% | 90% | 100% | 90% | 91% | 96% | 79% | 89% | 90% |
| PERSONNEL | €401 | €559 | €727 | €1,137 | €1,696 | €1,809 | €1,479 | €1,435 | €1,083 | €10,326 |
| Personnel | €401 | €559 | €727 | €1,137 | €1,696 | €1,809 | €1,479 | €1,435 | €1,083 | €10,326 |
| PROPERTY & OPERATIONS | €498 | €3,207 | €2,467 | €4,143 | €4,370 | €4,425 | €4,773 | €4,612 | €6,370 | €34,865 |
| Rent & leases | €261 | €1,637 | €1,732 | €2,186 | €2,287 | €2,193 | €2,340 | €1,950 | €2,243 | €16,829 |
| Electricity | €194 | €186 | €0 | €121 | €517 | €393 | €536 | €916 | €1,019 | €3,882 |
| Gas & heating | €0 | €181 | €0 | €540 | €0 | €0 | €0 | €432 | €0 | €1,153 |
| Maintenance | €0 | €824 | €200 | €0 | €250 | €300 | €1,205 | €285 | €2,308 | €5,372 |
| Supplies & cleaning | €0 | €340 | €492 | €1,246 | €873 | €1,297 | €401 | €603 | €758 | €6,010 |
| Fuel | €0 | €0 | €0 | €8 | €60 | €200 | €120 | €383 | €0 | €771 |
| Waste | €0 | €0 | €0 | €0 | €340 | €0 | €0 | €0 | €0 | €340 |
| Insurance | €43 | €39 | €43 | €42 | €43 | €42 | €171 | €43 | €42 | €508 |
| PROFESSIONAL & ADMIN | €0 | €1,182 | €1,238 | €3,881 | €1,517 | €1,745 | €3,377 | €1,210 | €1,145 | €15,295 |
| Accounting & admin advisory | €0 | €1,145 | €1,145 | €1,675 | €1,145 | €1,145 | €1,540 | €1,145 | €1,145 | €10,085 |
| Other consulting | €0 | €0 | €0 | €1,945 | €0 | €0 | €1,716 | €0 | €0 | €3,661 |
| Software licenses | €0 | €0 | €0 | €42 | €145 | €600 | €121 | €0 | €0 | €908 |
| Telephone | €0 | €37 | €93 | €219 | €227 | €0 | €0 | €65 | €0 | €641 |
| OTHER COSTS | €1,136 | €248 | €934 | €1,038 | €577 | €1,713 | €93 | €39 | €306 | €6,084 |
| Bank charges | €1,028 | €50 | €245 | €46 | €149 | €202 | €54 | €27 | €138 | €1,939 |
| Stamp duty | €39 | €8 | €8 | €39 | €10 | €10 | €39 | €0 | €0 | €153 |
| Entertainment & representation | €0 | €0 | €0 | €22 | €44 | €0 | €0 | €12 | €0 | €78 |
| Non-deductible charges | €69 | €190 | €681 | €931 | €374 | €1,501 | €0 | €0 | €168 | €3,914 |
| TOTAL OPERATING COSTS | €2,035 | €5,196 | €5,366 | €10,199 | €8,160 | €9,692 | €9,722 | €7,296 | €8,904 | €66,570 |
| OPERATING MARGIN | -€1,607 | €3,991 | -€70 | -€215 | €4,443 | €5,918 | €7,624 | €7,518 | €4,722 | €32,324 |
| Operating Margin % | -230% | 41% | -1% | -2% | 32% | 34% | 42% | 40% | 31% | 29% |
Highlights · Jan to Sep 2026 · Church (Chiesa)
- The Church (Chiesa) is a property in build-out: no revenue booked in 2026 yet, with €9,290 of setup costs YTD and an operating loss of €9,290 while it is prepared.
- Main costs are notary and administrative advisory, property tax (IMU) and renovation-related services.
- Financing (the Chiesa loan) and tax sit outside this P&L, in line with the source accounts.
Profit & Loss — Casa Bada (Church)
| P&L (Operating) | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | YTD 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | €0 | €0 | €0 | €0 | €0 | €0 | €0 | €0 | €0 | €0 |
| PROPERTY & OPERATIONS | €111 | €100 | €216 | €215 | €111 | €107 | €0 | €123 | €0 | €983 |
| Electricity | €0 | €0 | €0 | €0 | €0 | €0 | €0 | €123 | €0 | €123 |
| Rentals & hire | €0 | €0 | €105 | €108 | €0 | €0 | €0 | €0 | €0 | €213 |
| Property tax (IMU) | €111 | €100 | €111 | €107 | €111 | €107 | €0 | €0 | €0 | €647 |
| PROFESSIONAL & ADMIN | €1,407 | €1,117 | €987 | €987 | €3,061 | €600 | €0 | €0 | €0 | €8,159 |
| Accounting & admin advisory | €1,407 | €1,117 | €987 | €987 | €987 | €0 | €0 | €0 | €0 | €5,485 |
| Notary fees | €0 | €0 | €0 | €0 | €2,074 | €0 | €0 | €0 | €0 | €2,074 |
| Software licenses | €0 | €0 | €0 | €0 | €0 | €600 | €0 | €0 | €0 | €600 |
| OTHER COSTS | €0 | €0 | €0 | €0 | €148 | €0 | €0 | €0 | €0 | €148 |
| Other services | €0 | €0 | €0 | €0 | €148 | €0 | €0 | €0 | €0 | €148 |
| TOTAL OPERATING COSTS | €1,518 | €1,217 | €1,203 | €1,202 | €3,320 | €707 | €0 | €123 | €0 | €9,290 |
| OPERATING MARGIN | -€1,518 | -€1,217 | -€1,203 | -€1,202 | -€3,320 | -€707 | €0 | -€123 | €0 | -€9,290 |
| Operating Margin % | — | — | — | — | — | — | — | — | — | — |
Highlights · Jan to Sep 2026 · Consolidated (Original + Church)
- Group revenue of €109,605 YTD, gross margin €98,894 (90%) after platform commissions, operating margin €23,032 (21%).
- The Original property carries the group; the Church build-out reduces the consolidated margin while it is still pre-revenue.
- Operating view: the Chiesa loan (financing) and tax are not included, in line with the source accounts.
Profit & Loss — Casa Bada (Consolidated)
| P&L (Operating) | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | YTD 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Accommodation revenue | €698 | €3,677 | €4,155 | €9,439 | €13,372 | €16,124 | €16,457 | €17,981 | €14,359 | €96,262 |
| Experiences revenue | €0 | €434 | €1,757 | €581 | €632 | €1,055 | €1,614 | €822 | €918 | €7,813 |
| Other income | €0 | €5,530 | €0 | €0 | €0 | €0 | €0 | €0 | €0 | €5,530 |
| Total Revenue | €698 | €9,641 | €5,912 | €10,020 | €14,004 | €17,179 | €18,071 | €18,803 | €15,277 | €109,605 |
| COST OF SALES | €270 | €454 | €616 | €36 | €1,401 | €1,569 | €725 | €3,989 | €1,651 | €10,711 |
| Platform commissions | €270 | €454 | €616 | €36 | €1,401 | €1,569 | €725 | €3,989 | €1,651 | €10,711 |
| GROSS MARGIN | €428 | €9,187 | €5,296 | €9,984 | €12,603 | €15,610 | €17,346 | €14,814 | €13,626 | €98,894 |
| Gross Margin % | 61% | 95% | 90% | 100% | 90% | 91% | 96% | 79% | 89% | 90% |
| PERSONNEL | €401 | €559 | €727 | €1,137 | €1,696 | €1,809 | €1,479 | €1,435 | €1,083 | €10,326 |
| Personnel | €401 | €559 | €727 | €1,137 | €1,696 | €1,809 | €1,479 | €1,435 | €1,083 | €10,326 |
| PROPERTY & OPERATIONS | €609 | €3,307 | €2,683 | €4,358 | €4,481 | €4,532 | €4,773 | €4,736 | €6,370 | €35,849 |
| Rent & leases | €261 | €1,637 | €1,732 | €2,186 | €2,287 | €2,193 | €2,340 | €1,950 | €2,243 | €16,829 |
| Electricity | €194 | €186 | €0 | €121 | €517 | €393 | €536 | €1,040 | €1,019 | €4,006 |
| Gas & heating | €0 | €181 | €0 | €540 | €0 | €0 | €0 | €432 | €0 | €1,153 |
| Maintenance | €0 | €824 | €200 | €0 | €250 | €300 | €1,205 | €285 | €2,308 | €5,372 |
| Supplies & cleaning | €0 | €340 | €492 | €1,246 | €873 | €1,297 | €401 | €603 | €758 | €6,010 |
| Fuel | €0 | €0 | €0 | €8 | €60 | €200 | €120 | €383 | €0 | €771 |
| Waste | €0 | €0 | €0 | €0 | €340 | €0 | €0 | €0 | €0 | €340 |
| Insurance | €43 | €39 | €43 | €42 | €43 | €42 | €171 | €43 | €42 | €508 |
| Rentals & hire | €0 | €0 | €105 | €108 | €0 | €0 | €0 | €0 | €0 | €213 |
| Property tax (IMU) | €111 | €100 | €111 | €107 | €111 | €107 | €0 | €0 | €0 | €647 |
| PROFESSIONAL & ADMIN | €1,407 | €2,299 | €2,225 | €4,868 | €4,578 | €2,346 | €3,377 | €1,210 | €1,145 | €23,455 |
| Accounting & admin advisory | €1,407 | €2,262 | €2,132 | €2,662 | €2,132 | €1,145 | €1,540 | €1,145 | €1,145 | €15,570 |
| Other consulting | €0 | €0 | €0 | €1,945 | €0 | €0 | €1,716 | €0 | €0 | €3,661 |
| Notary fees | €0 | €0 | €0 | €0 | €2,074 | €0 | €0 | €0 | €0 | €2,074 |
| Software licenses | €0 | €0 | €0 | €42 | €145 | €1,201 | €121 | €0 | €0 | €1,509 |
| Telephone | €0 | €37 | €93 | €219 | €227 | €0 | €0 | €65 | €0 | €641 |
| OTHER COSTS | €1,136 | €248 | €934 | €1,038 | €725 | €1,713 | €93 | €39 | €306 | €6,232 |
| Bank charges | €1,028 | €50 | €245 | €46 | €149 | €202 | €54 | €27 | €138 | €1,939 |
| Stamp duty | €39 | €8 | €8 | €39 | €10 | €10 | €39 | €0 | €0 | €153 |
| Entertainment & representation | €0 | €0 | €0 | €22 | €44 | €0 | €0 | €12 | €0 | €78 |
| Non-deductible charges | €69 | €190 | €681 | €931 | €374 | €1,501 | €0 | €0 | €168 | €3,914 |
| Other services | €0 | €0 | €0 | €0 | €148 | €0 | €0 | €0 | €0 | €148 |
| TOTAL OPERATING COSTS | €3,553 | €6,413 | €6,569 | €11,401 | €11,480 | €10,400 | €9,722 | €7,420 | €8,904 | €75,862 |
| OPERATING MARGIN | -€3,125 | €2,774 | -€1,273 | -€1,417 | €1,123 | €5,210 | €7,624 | €7,394 | €4,722 | €23,032 |
| Operating Margin % | -448% | 29% | -22% | -14% | 8% | 30% | 42% | 39% | 31% | 21% |
Prepared by TMG Books. Figures reconciled to the source accounts (Conto Economico per centro di costo, Biemme). Operating margin shown before financing and tax. Consolidated = Original + Church. Updated: September 2026.
Highlights · Jan to Sep 2026 · Original property