GIACOMINO: what changed
GIACOMINO
Largest movements
- Tangible fixed assets +€46,166
up €46,166 (+166%), from €27,762 to €73,928
of which Furniture and vehicles: +€68,381
- Receivables within one year -€25,942
down €25,942 (-38.3%), from €67,697 to €41,754
of which Trade receivables: -€18,250
- Cash -€6,019
down €6,019 (-97.6%), from €6,167 to €148
mainly Investment in fixed assets (net) (-€67,185) and Contributions, distributions and other (-€20,213)
- Profit (loss) carried forward -€40,069
down €40,069, from €39,045 to -€1,024
- Debts after one year +€24,971
up €24,971 (+46.3%), from €53,881 to €78,853
- Other debts +€20,262
new in 2025: €20,262
- Tax, wage and social debts +€10,120
up €10,120 (+64.5%), from €15,695 to €25,815
of which Remuneration and social security: +€19,868
- Gross operating margin -€49,895
down €49,895 (-50.9%), from €97,953 to €48,058
- Staff costs +€16,640
up €16,640 (+95.4%), from €17,449 to €34,089
- Taxes -€15,295
no longer reported in 2025 (was €15,295)
- Depreciation +€13,666
up €13,666 (+186%), from €7,353 to €21,019
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €169,861 | €184,214 | +€14,353 | +8.4% |
| Fixed assets | 21/28 | €27,762 | €73,928 | +€46,166 | +166% |
| Tangible fixed assets | 22/27 | €27,762 | €73,928 | +€46,166 | +166% |
| Plant, machinery and equipment | 23 | €22,215 | - | -€22,215 | |
| Furniture and vehicles | 24 | €5,548 | €73,928 | +€68,381 | +1,233% |
| Current assets | 29/58 | €142,098 | €110,285 | -€31,813 | -22.4% |
| Stocks and contracts in progress | 3 | €68,234 | €68,383 | +€149 | +0.2% |
| Stocks | 30/36 | €68,234 | €68,383 | +€149 | +0.2% |
| Amounts receivable within one year | 40/41 | €67,697 | €41,754 | -€25,942 | -38.3% |
| Trade receivables | 40 | €55,790 | €37,540 | -€18,250 | -32.7% |
| Other amounts receivable | 41 | €11,906 | €4,214 | -€7,692 | -64.6% |
| Cash at bank and in hand | 54/58 | €6,167 | €148 | -€6,019 | -97.6% |
| Total equity and liabilities | 10/49 | €169,861 | €184,214 | +€14,353 | +8.4% |
| Equity | 10/15 | €57,645 | €17,576 | -€40,069 | -69.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €39,045 | -€1,024 | -€40,069 | |
| Amounts payable | 17/49 | €112,216 | €166,638 | +€54,422 | +48.5% |
| Amounts payable after more than one year | 17 | €53,881 | €78,853 | +€24,971 | +46.3% |
| Financial debts | 170/4 | €53,881 | €78,853 | +€24,971 | +46.3% |
| Amounts payable within one year | 42/48 | €58,334 | €87,785 | +€29,450 | +50.5% |
| Current portion of amounts payable after more than one year | 42 | €40,861 | €39,893 | -€968 | -2.4% |
| Financial debts | 43 | €0 | €1,489 | +€1,489 | +381,797% |
| Credit institutions | 430/8 | €0 | €1,489 | +€1,489 | +381,797% |
| Trade debts | 44 | €1,778 | €326 | -€1,453 | -81.7% |
| Suppliers | 440/4 | €1,778 | €326 | -€1,453 | -81.7% |
| Taxes, remuneration and social security | 45 | €15,695 | €25,815 | +€10,120 | +64.5% |
| Taxes | 450/3 | €15,563 | €5,815 | -€9,748 | -62.6% |
| Remuneration and social security | 454/9 | €132 | €20,000 | +€19,868 | +15,063% |
| Other amounts payable | 47/48 | - | €20,262 | +€20,262 | |
| Remuneration, social security and pensions | 62 | €17,449 | €34,089 | +€16,640 | +95.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,353 | €21,019 | +€13,666 | +186% |
| Other operating charges | 640/8 | €2,274 | €1,880 | -€394 | -17.3% |
| Non-recurring operating charges | 66A | €116 | - | -€116 | |
| Gross operating margin | 9900 | €97,953 | €48,058 | -€49,895 | -50.9% |
| Operating profit (loss) | 9901 | €70,762 | -€8,930 | -€79,692 | |
| Financial charges | 65/66B | €10,223 | €10,925 | +€703 | +6.9% |
| Recurring financial charges | 65 | €10,223 | €10,925 | +€703 | +6.9% |
| Profit (loss) for the period before taxes | 9903 | €60,539 | -€19,855 | -€80,394 | |
| Income taxes | 67/77 | €15,295 | - | -€15,295 | |
| Profit (loss) for the period | 9904 | €45,244 | -€19,855 | -€65,100 | |
| Profit (loss) for the period to be appropriated | 9905 | €45,244 | -€19,855 | -€65,100 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.