Direzione Finanziaria — Insights https://direzionefinanziaria.it/en/insights/ Short reads on financial leadership for business owners and SMEs: cash, margins, budget, KPIs, debt and business value. en-gb info@direzionefinanziaria.it Profit is not cash: why you can close the year in profit and have less money in the bank https://direzionefinanziaria.it/en/insights/profit-is-not-cash/ https://direzionefinanziaria.it/en/insights/profit-is-not-cash/ Thu, 17 Sep 2026 06:00:00 +0000 Cash flow and planning A financial year closed with €80,000 of profit and €100,000 less cash. It is not a paradox: it is the normal way profit and liquidity part company, and the reason cash has to be forecast, not just checked against the balance.