Giansi Management: 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.
Giansi Management
Largest movements
- Cash -€267,495
down €267,495 (-81.4%), from €328,791 to €61,296
mainly Other debts (-€233,150) and Contributions, distributions and other (-€75,166)
- Receivables within one year +€17,648
new in 2025: €17,648
of which Other amounts receivable: +€14,909
- Tangible fixed assets -€4,624
down €4,624 (-27.9%), from €16,576 to €11,952
of which Furniture and vehicles: -€3,489
- Other debts -€233,150
down €233,150 (-75.6%), from €308,316 to €75,166
- Tax, wage and social debts -€23,215
down €23,215 (-71.3%), from €32,550 to €9,336
- Gross operating margin -€31,149
down €31,149 (-23.0%), from €135,255 to €104,106
- Taxes -€7,561
down €7,561 (-25.9%), from €29,233 to €21,672
- Depreciation +€1,576
up €1,576 (+38.9%), from €4,055 to €5,631
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 | €345,725 | €91,252 | -€254,473 | -73.6% |
| Fixed assets | 21/28 | €16,576 | €11,952 | -€4,624 | -27.9% |
| Tangible fixed assets | 22/27 | €16,576 | €11,952 | -€4,624 | -27.9% |
| Furniture and vehicles | 24 | €11,659 | €8,171 | -€3,489 | -29.9% |
| Other tangible fixed assets | 26 | €4,917 | €3,782 | -€1,135 | -23.1% |
| Current assets | 29/58 | €329,148 | €79,299 | -€249,849 | -75.9% |
| Amounts receivable within one year | 40/41 | - | €17,648 | +€17,648 | |
| Trade receivables | 40 | - | €2,739 | +€2,739 | |
| Other amounts receivable | 41 | - | €14,909 | +€14,909 | |
| Cash at bank and in hand | 54/58 | €328,791 | €61,296 | -€267,495 | -81.4% |
| Deferred charges and accrued income | 490/1 | €358 | €355 | -€3 | -0.7% |
| Total equity and liabilities | 10/49 | €345,725 | €91,252 | -€254,473 | -73.6% |
| Equity | 10/15 | €3,766 | €3,863 | +€97 | +2.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,266 | €1,363 | +€97 | +7.6% |
| Amounts payable | 17/49 | €341,959 | €87,389 | -€254,570 | -74.4% |
| Amounts payable within one year | 42/48 | €341,959 | €84,564 | -€257,395 | -75.3% |
| Trade debts | 44 | €1,092 | €62 | -€1,030 | -94.3% |
| Suppliers | 440/4 | €1,092 | €62 | -€1,030 | -94.3% |
| Taxes, remuneration and social security | 45 | €32,550 | €9,336 | -€23,215 | -71.3% |
| Taxes | 450/3 | €32,550 | €9,336 | -€23,215 | -71.3% |
| Other amounts payable | 47/48 | €308,316 | €75,166 | -€233,150 | -75.6% |
| Accrued charges and deferred income | 492/3 | - | €2,825 | +€2,825 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,055 | €5,631 | +€1,576 | +38.9% |
| Other operating charges | 640/8 | €511 | €1,021 | +€510 | +99.9% |
| Gross operating margin | 9900 | €135,255 | €104,106 | -€31,149 | -23.0% |
| Operating profit (loss) | 9901 | €130,689 | €97,454 | -€33,235 | -25.4% |
| Financial charges | 65/66B | €190 | €519 | +€329 | +173% |
| Recurring financial charges | 65 | €190 | €519 | +€329 | +173% |
| Profit (loss) for the period before taxes | 9903 | €130,499 | €96,935 | -€33,564 | -25.7% |
| Income taxes | 67/77 | €29,233 | €21,672 | -€7,561 | -25.9% |
| Profit (loss) for the period | 9904 | €101,266 | €75,263 | -€26,003 | -25.7% |
| Profit (loss) for the period to be appropriated | 9905 | €101,266 | €75,263 | -€26,003 | -25.7% |
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 27 October 2026 via checked.be.