DA GIULIANA: 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.
DA GIULIANA
Largest movements
- Cash -€8,746
down €8,746 (-9.0%), from €96,848 to €88,102
mainly Other debts (-€13,184) and Short-term financial debts (-€10,000)
- Tangible fixed assets -€5,029
down €5,029 (-18.3%), from €27,488 to €22,459
of which Plant, machinery and equipment: -€4,039
- Deferred charges and accrued income -€3,753
down €3,753 (-42.0%), from €8,935 to €5,182
- Reserves +€22,266
up €22,266 (+12.8%), from €173,569 to €195,835
- Other debts -€13,184
down €13,184 (-95.4%), from €13,819 to €635
- Short-term financial debts -€10,000
no longer reported in 2025 (was €10,000)
- Trade debts -€7,642
down €7,642 (-16.0%), from €47,862 to €40,221
- Tax, wage and social debts -€3,878
down €3,878 (-65.7%), from €5,899 to €2,021
of which Taxes: -€2,722
- Financial income +€1,574
up €1,574 (+166%), from €946 to €2,520
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 | €345,595 | €331,251 | -€14,345 | -4.2% |
| Fixed assets | 21/28 | €27,488 | €22,459 | -€5,029 | -18.3% |
| Tangible fixed assets | 22/27 | €27,488 | €22,459 | -€5,029 | -18.3% |
| Plant, machinery and equipment | 23 | €21,589 | €17,550 | -€4,039 | -18.7% |
| Furniture and vehicles | 24 | €5,899 | €4,909 | -€991 | -16.8% |
| Current assets | 29/58 | €318,107 | €308,791 | -€9,316 | -2.9% |
| Stocks and contracts in progress | 3 | €74,216 | €75,769 | +€1,554 | +2.1% |
| Stocks | 30/36 | €74,216 | €75,769 | +€1,554 | +2.1% |
| Amounts receivable within one year | 40/41 | €5,124 | €5,382 | +€258 | +5.0% |
| Trade receivables | 40 | €3,883 | €762 | -€3,121 | -80.4% |
| Other amounts receivable | 41 | €1,241 | €4,620 | +€3,379 | +272% |
| Current investments | 50/53 | €132,984 | €134,356 | +€1,372 | +1.0% |
| Cash at bank and in hand | 54/58 | €96,848 | €88,102 | -€8,746 | -9.0% |
| Deferred charges and accrued income | 490/1 | €8,935 | €5,182 | -€3,753 | -42.0% |
| Total equity and liabilities | 10/49 | €345,595 | €331,251 | -€14,345 | -4.2% |
| Equity | 10/15 | €266,108 | €288,374 | +€22,266 | +8.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €173,569 | €195,835 | +€22,266 | +12.8% |
| Distributable reserves | 133 | €173,569 | €195,835 | +€22,266 | +12.8% |
| Profit (loss) carried forward | 14 | €72,539 | €72,539 | = | 0.0% |
| Amounts payable | 17/49 | €79,488 | €42,877 | -€36,611 | -46.1% |
| Amounts payable within one year | 42/48 | €77,580 | €42,877 | -€34,703 | -44.7% |
| Financial debts | 43 | €10,000 | - | -€10,000 | |
| Credit institutions | 430/8 | €10,000 | - | -€10,000 | |
| Trade debts | 44 | €47,862 | €40,221 | -€7,642 | -16.0% |
| Suppliers | 440/4 | €47,862 | €40,221 | -€7,642 | -16.0% |
| Taxes, remuneration and social security | 45 | €5,899 | €2,021 | -€3,878 | -65.7% |
| Taxes | 450/3 | €2,722 | - | -€2,722 | |
| Remuneration and social security | 454/9 | €3,177 | €2,021 | -€1,156 | -36.4% |
| Other amounts payable | 47/48 | €13,819 | €635 | -€13,184 | -95.4% |
| Accrued charges and deferred income | 492/3 | €1,908 | - | -€1,908 | |
| Remuneration, social security and pensions | 62 | €6,517 | €6,841 | +€324 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,068 | €6,921 | -€148 | -2.1% |
| Other operating charges | 640/8 | €3,600 | €3,686 | +€86 | +2.4% |
| Gross operating margin | 9900 | €48,635 | €48,626 | -€9 | 0.0% |
| Operating profit (loss) | 9901 | €31,449 | €31,178 | -€271 | -0.9% |
| Financial income | 75/76B | €946 | €2,520 | +€1,574 | +166% |
| Recurring financial income | 75 | €946 | €2,520 | +€1,574 | +166% |
| Financial charges | 65/66B | €2,278 | €1,836 | -€442 | -19.4% |
| Recurring financial charges | 65 | €2,278 | €1,836 | -€442 | -19.4% |
| Profit (loss) for the period before taxes | 9903 | €30,117 | €31,863 | +€1,746 | +5.8% |
| Income taxes | 67/77 | €9,213 | €9,597 | +€384 | +4.2% |
| Profit (loss) for the period | 9904 | €20,904 | €22,266 | +€1,362 | +6.5% |
| Profit (loss) for the period to be appropriated | 9905 | €20,904 | €22,266 | +€1,362 | +6.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.