Gioia-Gennaro: 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.
Gioia-Gennaro
Largest movements
- Receivables within one year +€23,843
up €23,843 (+893%), from €2,669 to €26,512
of which Trade receivables: +€12,097
- Financial fixed assets -€2,445
down €2,445 (-10.2%), from €24,000 to €21,555
- Tangible fixed assets -€1,307
down €1,307 (-8.6%), from €15,203 to €13,896
of which Furniture and vehicles: -€3,221
- Cash -€935
down €935 (-32.0%), from €2,921 to €1,986
mainly Receivables within one year (-€23,843) and Tax, wage and social debts (-€4,031)
- Stocks and contracts +€697
up €697 (+135%), from €516 to €1,213
- Profit (loss) carried forward +€17,611
up €17,611 (+866%), from €2,034 to €19,645
- Trade debts +€7,410
up €7,410 (+130%), from €5,697 to €13,107
- Tax, wage and social debts -€4,031
down €4,031 (-24.2%), from €16,635 to €12,603
of which Taxes: -€5,768
- Other debts -€1,111
down €1,111 (-70.1%), from €1,586 to €475
- Gross operating margin +€15,097
up €15,097 (+27.0%), from €55,847 to €70,944
- Taxes +€3,513
up €3,513 (+284%), from €1,238 to €4,751
- Staff costs -€2,877
down €2,877 (-6.5%), from €44,398 to €41,521
- Financial income +€1,590
new in 2025: €1,590
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 | €45,952 | €65,830 | +€19,878 | +43.3% |
| Fixed assets | 21/28 | €39,203 | €35,451 | -€3,752 | -9.6% |
| Tangible fixed assets | 22/27 | €15,203 | €13,896 | -€1,307 | -8.6% |
| Plant, machinery and equipment | 23 | €1,630 | €3,543 | +€1,913 | +117% |
| Furniture and vehicles | 24 | €13,573 | €10,353 | -€3,221 | -23.7% |
| Financial fixed assets | 28 | €24,000 | €21,555 | -€2,445 | -10.2% |
| Current assets | 29/58 | €6,748 | €30,379 | +€23,631 | +350% |
| Stocks and contracts in progress | 3 | €516 | €1,213 | +€697 | +135% |
| Stocks | 30/36 | €516 | €1,213 | +€697 | +135% |
| Amounts receivable within one year | 40/41 | €2,669 | €26,512 | +€23,843 | +893% |
| Trade receivables | 40 | €2,463 | €14,561 | +€12,097 | +491% |
| Other amounts receivable | 41 | €206 | €11,952 | +€11,746 | +5,701% |
| Cash at bank and in hand | 54/58 | €2,921 | €1,986 | -€935 | -32.0% |
| Deferred charges and accrued income | 490/1 | €642 | €668 | +€26 | +4.0% |
| Total equity and liabilities | 10/49 | €45,952 | €65,830 | +€19,878 | +43.3% |
| Equity | 10/15 | €22,034 | €39,645 | +€17,611 | +79.9% |
| Contributions | 10/11 | €1,200 | €1,200 | = | 0.0% |
| Reserves | 13 | €18,800 | €18,800 | = | 0.0% |
| Distributable reserves | 133 | €18,800 | €18,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,034 | €19,645 | +€17,611 | +866% |
| Amounts payable | 17/49 | €23,918 | €26,185 | +€2,267 | +9.5% |
| Amounts payable within one year | 42/48 | €23,918 | €26,185 | +€2,267 | +9.5% |
| Trade debts | 44 | €5,697 | €13,107 | +€7,410 | +130% |
| Suppliers | 440/4 | €5,697 | €13,107 | +€7,410 | +130% |
| Taxes, remuneration and social security | 45 | €16,635 | €12,603 | -€4,031 | -24.2% |
| Taxes | 450/3 | €12,408 | €6,641 | -€5,768 | -46.5% |
| Remuneration and social security | 454/9 | €4,226 | €5,963 | +€1,736 | +41.1% |
| Other amounts payable | 47/48 | €1,586 | €475 | -€1,111 | -70.1% |
| Remuneration, social security and pensions | 62 | €44,398 | €41,521 | -€2,877 | -6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,380 | €4,041 | +€661 | +19.5% |
| Other operating charges | 640/8 | €1,206 | €1,393 | +€187 | +15.5% |
| Gross operating margin | 9900 | €55,847 | €70,944 | +€15,097 | +27.0% |
| Operating profit (loss) | 9901 | €6,862 | €23,988 | +€17,126 | +250% |
| Financial income | 75/76B | - | €1,590 | +€1,590 | |
| Recurring financial income | 75 | - | €1,590 | +€1,590 | |
| Financial charges | 65/66B | €2,802 | €2,383 | -€419 | -14.9% |
| Recurring financial charges | 65 | €2,802 | €2,383 | -€419 | -14.9% |
| Profit (loss) for the period before taxes | 9903 | €4,060 | €23,195 | +€19,136 | +471% |
| Income taxes | 67/77 | €1,238 | €4,751 | +€3,513 | +284% |
| Profit (loss) for the period | 9904 | €2,822 | €18,444 | +€15,622 | +554% |
| Profit (loss) for the period to be appropriated | 9905 | €2,822 | €18,444 | +€15,622 | +554% |
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 23 October 2026 via checked.be.