Arch. S. Giannaros: 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.
Arch. S. Giannaros
Largest movements
- Tangible fixed assets +€50,971
up €50,971 (+1,038%), from €4,912 to €55,883
of which Furniture and vehicles: +€40,091
- Receivables within one year +€5,259
up €5,259 (+28.7%), from €18,329 to €23,588
of which Trade receivables: +€4,846
- Stocks and contracts -€4,833
down €4,833 (-65.9%), from €7,333 to €2,500
- Cash +€3,594
up €3,594 (+67.0%), from €5,368 to €8,963
mainly Debts after one year (+€28,806) and Other debts (+€14,811)
- Debts after one year +€28,806
new in 2025: €28,806
- Other debts +€14,811
up €14,811 (+2,809%), from €527 to €15,339
- Current portion of long-term debt +€8,031
new in 2025: €8,031
- Reserves +€5,500
up €5,500 (+17.5%), from €31,500 to €37,000
- Trade debts -€4,202
down €4,202 (-53.6%), from €7,839 to €3,637
- Gross operating margin +€11,112
up €11,112 (+124%), from €8,942 to €20,055
- Depreciation +€6,977
up €6,977 (+223%), from €3,132 to €10,108
- Financial charges +€1,312
up €1,312 (+479%), from €274 to €1,586
- Taxes -€1,048
down €1,048 (-32.3%), from €3,240 to €2,192
- Other operating charges -€387
down €387 (-32.6%), from €1,188 to €801
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 | €43,743 | €98,734 | +€54,991 | +126% |
| Fixed assets | 21/28 | €12,712 | €63,683 | +€50,971 | +401% |
| Tangible fixed assets | 22/27 | €4,912 | €55,883 | +€50,971 | +1,038% |
| Plant, machinery and equipment | 23 | - | €12,407 | +€12,407 | |
| Furniture and vehicles | 24 | €19 | €40,110 | +€40,091 | +206,123% |
| Other tangible fixed assets | 26 | €4,892 | €3,366 | -€1,526 | -31.2% |
| Financial fixed assets | 28 | €7,800 | €7,800 | = | 0.0% |
| Current assets | 29/58 | €31,031 | €35,051 | +€4,020 | +13.0% |
| Stocks and contracts in progress | 3 | €7,333 | €2,500 | -€4,833 | -65.9% |
| Contracts in progress | 37 | €7,333 | €2,500 | -€4,833 | -65.9% |
| Amounts receivable within one year | 40/41 | €18,329 | €23,588 | +€5,259 | +28.7% |
| Trade receivables | 40 | €17,434 | €22,281 | +€4,846 | +27.8% |
| Other amounts receivable | 41 | €895 | €1,308 | +€413 | +46.1% |
| Cash at bank and in hand | 54/58 | €5,368 | €8,963 | +€3,594 | +67.0% |
| Total equity and liabilities | 10/49 | €43,743 | €98,734 | +€54,991 | +126% |
| Equity | 10/15 | €34,655 | €40,231 | +€5,577 | +16.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €31,500 | €37,000 | +€5,500 | +17.5% |
| Distributable reserves | 133 | €31,500 | €37,000 | +€5,500 | +17.5% |
| Profit (loss) carried forward | 14 | €155 | €231 | +€77 | +49.8% |
| Amounts payable | 17/49 | €9,088 | €58,502 | +€49,414 | +544% |
| Amounts payable after more than one year | 17 | - | €28,806 | +€28,806 | |
| Financial debts | 170/4 | - | €28,806 | +€28,806 | |
| Amounts payable within one year | 42/48 | €9,088 | €29,697 | +€20,608 | +227% |
| Current portion of amounts payable after more than one year | 42 | - | €8,031 | +€8,031 | |
| Financial debts | 43 | €298 | €0 | -€298 | -100% |
| Credit institutions | 430/8 | €298 | €0 | -€298 | -100% |
| Trade debts | 44 | €7,839 | €3,637 | -€4,202 | -53.6% |
| Suppliers | 440/4 | €7,839 | €3,637 | -€4,202 | -53.6% |
| Taxes, remuneration and social security | 45 | €424 | €2,690 | +€2,266 | +534% |
| Taxes | 450/3 | €424 | €2,690 | +€2,266 | +534% |
| Other amounts payable | 47/48 | €527 | €15,339 | +€14,811 | +2,809% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,132 | €10,108 | +€6,977 | +223% |
| Other operating charges | 640/8 | €1,188 | €801 | -€387 | -32.6% |
| Gross operating margin | 9900 | €8,942 | €20,055 | +€11,112 | +124% |
| Operating profit (loss) | 9901 | €4,623 | €9,145 | +€4,523 | +97.8% |
| Financial income | 75/76B | €8 | €210 | +€202 | +2,467% |
| Recurring financial income | 75 | €8 | €210 | +€202 | +2,467% |
| Financial charges | 65/66B | €274 | €1,586 | +€1,312 | +479% |
| Recurring financial charges | 65 | €274 | €1,586 | +€1,312 | +479% |
| Profit (loss) for the period before taxes | 9903 | €4,357 | €7,769 | +€3,412 | +78.3% |
| Income taxes | 67/77 | €3,240 | €2,192 | -€1,048 | -32.3% |
| Profit (loss) for the period | 9904 | €1,117 | €5,577 | +€4,460 | +399% |
| Profit (loss) for the period to be appropriated | 9905 | €1,117 | €5,577 | +€4,460 | +399% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.