GIANNUZZI & C°: 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.
GIANNUZZI & C°
Largest movements
- Tangible fixed assets -€9,318
down €9,318 (-24.8%), from €37,563 to €28,245
of which Furniture and vehicles: -€8,263
- Cash +€9,315
up €9,315 (+12.9%), from €72,434 to €81,749
mainly Depreciation (+€14,598) and Tax, wage and social debts (+€9,143)
- Receivables within one year +€5,230
up €5,230 (+83.0%), from €6,300 to €11,529
of which Trade receivables: +€4,998
- Deferred charges and accrued income +€3,184
up €3,184 (+76.4%), from €4,169 to €7,354
- Stocks and contracts -€1,739
down €1,739 (-17.9%), from €9,737 to €7,999
- Tax, wage and social debts +€9,143
up €9,143 (+77.3%), from €11,823 to €20,966
of which Remuneration and social security: +€6,261
- Debts after one year -€6,069
down €6,069 (-92.2%), from €6,585 to €516
- Trade debts +€4,719
up €4,719 (+88.2%), from €5,347 to €10,066
- Accrued charges and deferred income -€1,670
no longer reported in 2025 (was €1,670)
- Gross operating margin +€42,411
up €42,411 (+50.3%), from €84,245 to €126,657
- Staff costs +€31,189
up €31,189 (+40.5%), from €76,973 to €108,162
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 | €130,204 | €136,876 | +€6,672 | +5.1% |
| Fixed assets | 21/28 | €37,563 | €28,245 | -€9,318 | -24.8% |
| Tangible fixed assets | 22/27 | €37,563 | €28,245 | -€9,318 | -24.8% |
| Plant, machinery and equipment | 23 | €4,516 | €2,545 | -€1,972 | -43.7% |
| Furniture and vehicles | 24 | €22,006 | €13,743 | -€8,263 | -37.5% |
| Other tangible fixed assets | 26 | €11,041 | €11,958 | +€917 | +8.3% |
| Current assets | 29/58 | €92,641 | €108,630 | +€15,990 | +17.3% |
| Stocks and contracts in progress | 3 | €9,737 | €7,999 | -€1,739 | -17.9% |
| Stocks | 30/36 | €9,737 | €7,999 | -€1,739 | -17.9% |
| Amounts receivable within one year | 40/41 | €6,300 | €11,529 | +€5,230 | +83.0% |
| Trade receivables | 40 | €4,674 | €9,673 | +€4,998 | +106.9% |
| Other amounts receivable | 41 | €1,625 | €1,856 | +€231 | +14.2% |
| Cash at bank and in hand | 54/58 | €72,434 | €81,749 | +€9,315 | +12.9% |
| Deferred charges and accrued income | 490/1 | €4,169 | €7,354 | +€3,184 | +76.4% |
| Total equity and liabilities | 10/49 | €130,204 | €136,876 | +€6,672 | +5.1% |
| Equity | 10/15 | €98,767 | €98,957 | +€190 | +0.2% |
| Contributions | 10/11 | €18,800 | €18,800 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €69,967 | €70,157 | +€190 | +0.3% |
| Amounts payable | 17/49 | €31,437 | €37,919 | +€6,481 | +20.6% |
| Amounts payable after more than one year | 17 | €6,585 | €516 | -€6,069 | -92.2% |
| Financial debts | 170/4 | €6,585 | €516 | -€6,069 | -92.2% |
| Amounts payable within one year | 42/48 | €23,182 | €37,402 | +€14,220 | +61.3% |
| Current portion of amounts payable after more than one year | 42 | €5,838 | €6,069 | +€231 | +3.9% |
| Trade debts | 44 | €5,347 | €10,066 | +€4,719 | +88.2% |
| Suppliers | 440/4 | €5,347 | €10,066 | +€4,719 | +88.2% |
| Taxes, remuneration and social security | 45 | €11,823 | €20,966 | +€9,143 | +77.3% |
| Taxes | 450/3 | €3,842 | €6,724 | +€2,882 | +75.0% |
| Remuneration and social security | 454/9 | €7,981 | €14,242 | +€6,261 | +78.5% |
| Other amounts payable | 47/48 | €174 | €301 | +€127 | +73.2% |
| Accrued charges and deferred income | 492/3 | €1,670 | - | -€1,670 | |
| Non-recurring operating income | 76A | €480 | €955 | +€475 | +99.0% |
| Remuneration, social security and pensions | 62 | €76,973 | €108,162 | +€31,189 | +40.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,807 | €14,598 | +€791 | +5.7% |
| Other operating charges | 640/8 | €1,695 | €1,283 | -€412 | -24.3% |
| Non-recurring operating charges | 66A | €175 | €34 | -€141 | -80.6% |
| Gross operating margin | 9900 | €84,245 | €126,657 | +€42,411 | +50.3% |
| Operating profit (loss) | 9901 | -€8,405 | €2,580 | +€10,985 | |
| Financial income | 75/76B | €118 | €472 | +€354 | +299.5% |
| Recurring financial income | 75 | €118 | €472 | +€354 | +299.5% |
| Financial charges | 65/66B | €3,541 | €2,862 | -€679 | -19.2% |
| Recurring financial charges | 65 | €3,541 | €2,862 | -€679 | -19.2% |
| Profit (loss) for the period before taxes | 9903 | -€11,827 | €190 | +€12,018 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€11,827 | €190 | +€12,018 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,827 | €190 | +€12,018 |
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 9 October 2026 via checked.be.