DA GIUSE: what changed
Two fiscal 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 GIUSE
Largest movements
- Intangible fixed assets -€2,918
down €2,918 (-14.6%), from €19,926 to €17,008
- Receivables within one year -€1,335
down €1,335 (-69.6%), from €1,918 to €583
of which Trade receivables: -€1,335
- Cash -€1,260
down €1,260 (-13.8%), from €9,146 to €7,886
mainly Net result for the year (-€9,224) and Investment in fixed assets (net) (-€4,355)
- Tangible fixed assets -€1,184
down €1,184 (-10.7%), from €11,112 to €9,928
of which Plant, machinery and equipment: -€4,815
- Stocks and contracts +€791
up €791 (+25.4%), from €3,110 to €3,901
- Profit (loss) carried forward -€9,224
down €9,224 (-17.2%), from -€53,483 to -€62,707
- Trade debts +€4,734
up €4,734 (+41.5%), from €11,405 to €16,139
- Other debts -€3,717
down €3,717 (-5.2%), from €71,937 to €68,220
- Tax, wage and social debts +€2,915
up €2,915 (+60.5%), from €4,822 to €7,737
of which Remuneration and social security: +€4,119
- Staff costs +€9,125
up €9,125 (+16.9%), from €54,104 to €63,230
- Gross operating margin +€6,049
up €6,049 (+10.0%), from €60,228 to €66,277
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.
Cash bridge derived
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 | €53,631 | €47,989 | -€5,641 | -10.5% |
| Fixed assets | 21/28 | €39,039 | €34,936 | -€4,102 | -10.5% |
| Intangible fixed assets | 21 | €19,926 | €17,008 | -€2,918 | -14.6% |
| Tangible fixed assets | 22/27 | €11,112 | €9,928 | -€1,184 | -10.7% |
| Plant, machinery and equipment | 23 | €10,456 | €5,640 | -€4,815 | -46.1% |
| Furniture and vehicles | 24 | €657 | €4,288 | +€3,631 | +552.9% |
| Financial fixed assets | 28 | €8,000 | €8,000 | = | 0.0% |
| Current assets | 29/58 | €14,592 | €13,053 | -€1,539 | -10.5% |
| Stocks and contracts in progress | 3 | €3,110 | €3,901 | +€791 | +25.4% |
| Stocks | 30/36 | €3,110 | €3,901 | +€791 | +25.4% |
| Amounts receivable within one year | 40/41 | €1,918 | €583 | -€1,335 | -69.6% |
| Trade receivables | 40 | €1,335 | - | -€1,335 | |
| Other amounts receivable | 41 | €583 | €583 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €9,146 | €7,886 | -€1,260 | -13.8% |
| Deferred charges and accrued income | 490/1 | €419 | €682 | +€264 | +63.0% |
| Total equity and liabilities | 10/49 | €53,631 | €47,989 | -€5,641 | -10.5% |
| Equity | 10/15 | -€34,883 | -€44,107 | -€9,224 | -26.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,483 | -€62,707 | -€9,224 | -17.2% |
| Amounts payable | 17/49 | €88,514 | €92,096 | +€3,582 | +4.0% |
| Amounts payable within one year | 42/48 | €88,164 | €92,096 | +€3,932 | +4.5% |
| Trade debts | 44 | €11,405 | €16,139 | +€4,734 | +41.5% |
| Suppliers | 440/4 | €11,405 | €16,139 | +€4,734 | +41.5% |
| Taxes, remuneration and social security | 45 | €4,822 | €7,737 | +€2,915 | +60.5% |
| Taxes | 450/3 | €2,857 | €1,654 | -€1,204 | -42.1% |
| Remuneration and social security | 454/9 | €1,965 | €6,084 | +€4,119 | +209.7% |
| Other amounts payable | 47/48 | €71,937 | €68,220 | -€3,717 | -5.2% |
| Accrued charges and deferred income | 492/3 | €350 | - | -€350 | |
| Remuneration, social security and pensions | 62 | €54,104 | €63,230 | +€9,125 | +16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,081 | €8,457 | +€376 | +4.7% |
| Other operating charges | 640/8 | €548 | €726 | +€178 | +32.5% |
| Gross operating margin | 9900 | €60,228 | €66,277 | +€6,049 | +10.0% |
| Operating profit (loss) | 9901 | -€2,506 | -€6,136 | -€3,631 | -144.9% |
| Financial charges | 65/66B | €2,948 | €2,932 | -€16 | -0.6% |
| Recurring financial charges | 65 | €2,948 | €2,932 | -€16 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | -€5,454 | -€9,068 | -€3,614 | -66.3% |
| Income taxes | 67/77 | - | €156 | +€156 | |
| Profit (loss) for the period | 9904 | -€5,454 | -€9,224 | -€3,770 | -69.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,454 | -€9,224 | -€3,770 | -69.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.