GIOIA MIA: 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 MIA
Largest movements
- Tangible fixed assets -€6,569
down €6,569 (-4.0%), from €165,628 to €159,059
- Stocks and contracts +€3,269
up €3,269 (+24.7%), from €13,225 to €16,494
- Cash +€3,086
up €3,086 (+123%), from €2,516 to €5,602
mainly Trade debts (+€11,594) and Depreciation (+€6,569)
- Trade debts +€11,594
new in 2025: €11,594
- Debts after one year -€10,212
down €10,212 (-12.0%), from €85,113 to €74,901
- Gross operating margin +€10,641
up €10,641 (+99.6%), from €10,683 to €21,325
- Other operating charges +€9,096
new in 2025: €9,096
- Financial charges +€4,736
new in 2025: €4,736
- Taxes +€756
new in 2025: €756
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 | €260,883 | €262,641 | +€1,758 | +0.7% |
| Fixed assets | 21/28 | €165,628 | €159,059 | -€6,569 | -4.0% |
| Tangible fixed assets | 22/27 | €165,628 | €159,059 | -€6,569 | -4.0% |
| Land and buildings | 22 | €165,628 | €159,059 | -€6,569 | -4.0% |
| Current assets | 29/58 | €95,255 | €103,582 | +€8,327 | +8.7% |
| Stocks and contracts in progress | 3 | €13,225 | €16,494 | +€3,269 | +24.7% |
| Stocks | 30/36 | €13,225 | €16,494 | +€3,269 | +24.7% |
| Amounts receivable within one year | 40/41 | €79,514 | €81,001 | +€1,487 | +1.9% |
| Trade receivables | 40 | €79,514 | €81,001 | +€1,487 | +1.9% |
| Cash at bank and in hand | 54/58 | €2,516 | €5,602 | +€3,086 | +123% |
| Deferred charges and accrued income | 490/1 | - | €486 | +€486 | |
| Total equity and liabilities | 10/49 | €260,883 | €262,641 | +€1,758 | +0.7% |
| Equity | 10/15 | €150,528 | €150,245 | -€284 | -0.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Contributions outside capital | 11 | €20,000 | - | -€20,000 | |
| Other | 1109/19 | €20,000 | - | -€20,000 | |
| Reserves | 13 | €102,000 | €102,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,528 | €28,245 | -€284 | -1.0% |
| Amounts payable | 17/49 | €110,354 | €112,396 | +€2,041 | +1.8% |
| Amounts payable after more than one year | 17 | €85,113 | €74,901 | -€10,212 | -12.0% |
| Financial debts | 170/4 | €85,113 | €74,901 | -€10,212 | -12.0% |
| Amounts payable within one year | 42/48 | €25,241 | €37,495 | +€12,254 | +48.5% |
| Current portion of amounts payable after more than one year | 42 | €12,162 | €10,212 | -€1,950 | -16.0% |
| Trade debts | 44 | - | €11,594 | +€11,594 | |
| Suppliers | 440/4 | - | €11,594 | +€11,594 | |
| Taxes, remuneration and social security | 45 | €12,101 | €14,710 | +€2,609 | +21.6% |
| Taxes | 450/3 | €3,101 | €5,710 | +€2,609 | +84.1% |
| Remuneration and social security | 454/9 | €9,000 | €9,000 | = | 0.0% |
| Other amounts payable | 47/48 | €978 | €978 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,569 | €6,569 | = | 0.0% |
| Other operating charges | 640/8 | - | €9,096 | +€9,096 | |
| Non-recurring operating charges | 66A | - | €451 | +€451 | |
| Gross operating margin | 9900 | €10,683 | €21,325 | +€10,641 | +99.6% |
| Operating profit (loss) | 9901 | €4,115 | €5,208 | +€1,094 | +26.6% |
| Financial charges | 65/66B | - | €4,736 | +€4,736 | |
| Recurring financial charges | 65 | - | €4,736 | +€4,736 | |
| Profit (loss) for the period before taxes | 9903 | €4,115 | €472 | -€3,642 | -88.5% |
| Income taxes | 67/77 | - | €756 | +€756 | |
| Profit (loss) for the period | 9904 | €4,115 | -€284 | -€4,398 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,115 | -€284 | -€4,398 |
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.