GIOVANE: what changed
Two fiscal 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.
What changed
GIOVANE
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€240
2023 · €37,068-€37,308
Equity
€627,390
2023 · €627,630-€240
Cash
€0
2023 · €10-€10
Balance sheet total
€853,734
2023 · €883,188-€29,454
Largest movements
Assets
- Receivables within one year -€28,317
down €28,317 (-5.7%), from €492,900 to €464,583
Equity and liabilities
- Current portion of long-term debt -€12,302
down €12,302 (-53.8%), from €22,856 to €10,554
- Debts after one year -€10,249
down €10,249 (-100.0%), from €10,249 to €0
Income statement
- Write-downs +€60,000
new in 2024: €60,000
- Taxes -€13,559
down €13,559 (-100.0%), from €13,559 to €0
- Gross operating margin +€12,703
up €12,703 (+16.5%), from €76,997 to €89,700
- Financial charges +€3,124
up €3,124 (+29.1%), from €10,741 to €13,865
From the 2023 result to the 2024 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.
Result 2023
€37,068
Gross operating margin
+€12,703
Depreciation
-€11
Write-downs
-€60,000
Other operating charges
-€435
Financial charges
-€3,124
Taxes
+€13,559
Result 2024
-€240
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€21,324
Investment
€0
Financing
-€21,334
Cash 2023
€10
From operations (derived)
+€21,324
Net result for the year
-€240
Depreciation
+€1,128
Receivables within one year
+€28,317
Trade debts
-€24
Tax, wage and social debts
-€7,857
Financing
-€21,334
Debts after one year
-€10,249
Current portion of long-term debt
-€12,302
Short-term financial debts
+€1,217
Cash 2024
€0
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €883,188 | €853,734 | -€29,454 | -3.3% |
| Fixed assets | 21/28 | €390,279 | €389,151 | -€1,128 | -0.3% |
| Tangible fixed assets | 22/27 | €356,212 | €355,085 | -€1,128 | -0.3% |
| Land and buildings | 22 | €356,212 | €355,085 | -€1,128 | -0.3% |
| Financial fixed assets | 28 | €34,066 | €34,066 | = | 0.0% |
| Current assets | 29/58 | €492,910 | €464,583 | -€28,327 | -5.7% |
| Amounts receivable within one year | 40/41 | €492,900 | €464,583 | -€28,317 | -5.7% |
| Other amounts receivable | 41 | €492,900 | €464,583 | -€28,317 | -5.7% |
| Cash at bank and in hand | 54/58 | €10 | €0 | -€10 | -98.6% |
| Total equity and liabilities | 10/49 | €883,188 | €853,734 | -€29,454 | -3.3% |
| Equity | 10/15 | €627,630 | €627,390 | -€240 | 0.0% |
| Contributions | 10/11 | €551,556 | €551,556 | = | 0.0% |
| Capital | 10 | €551,556 | €551,556 | = | 0.0% |
| Issued capital | 100 | €551,556 | €551,556 | = | 0.0% |
| Reserves | 13 | €163,335 | €163,335 | = | 0.0% |
| Non-distributable reserves | 130/1 | €971 | €971 | = | 0.0% |
| Legal reserve | 130 | €971 | €971 | = | 0.0% |
| Tax-exempt reserves | 132 | €162,364 | €162,364 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€87,260 | -€87,500 | -€240 | -0.3% |
| Provisions and deferred taxes | 16 | €54,121 | €54,121 | = | 0.0% |
| Deferred taxes | 168 | €54,121 | €54,121 | = | 0.0% |
| Amounts payable | 17/49 | €201,437 | €172,222 | -€29,215 | -14.5% |
| Amounts payable after more than one year | 17 | €10,249 | €0 | -€10,249 | -100.0% |
| Financial debts | 170/4 | €10,249 | €0 | -€10,249 | -100.0% |
| Amounts payable within one year | 42/48 | €191,188 | €172,222 | -€18,966 | -9.9% |
| Current portion of amounts payable after more than one year | 42 | €22,856 | €10,554 | -€12,302 | -53.8% |
| Financial debts | 43 | €111,074 | €112,291 | +€1,217 | +1.1% |
| Credit institutions | 430/8 | €111,074 | €112,291 | +€1,217 | +1.1% |
| Trade debts | 44 | €12,855 | €12,831 | -€24 | -0.2% |
| Suppliers | 440/4 | €12,855 | €12,831 | -€24 | -0.2% |
| Taxes, remuneration and social security | 45 | €21,416 | €13,559 | -€7,857 | -36.7% |
| Taxes | 450/3 | €21,416 | €13,559 | -€7,857 | -36.7% |
| Other amounts payable | 47/48 | €22,987 | €22,987 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,117 | €1,128 | +€11 | +1.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €60,000 | +€60,000 | |
| Other operating charges | 640/8 | €14,512 | €14,947 | +€435 | +3.0% |
| Gross operating margin | 9900 | €76,997 | €89,700 | +€12,703 | +16.5% |
| Operating profit (loss) | 9901 | €61,368 | €13,625 | -€47,742 | -77.8% |
| Financial charges | 65/66B | €10,741 | €13,865 | +€3,124 | +29.1% |
| Recurring financial charges | 65 | €10,741 | €13,865 | +€3,124 | +29.1% |
| Profit (loss) for the period before taxes | 9903 | €50,627 | -€240 | -€50,867 | |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €13,559 | €0 | -€13,559 | -100.0% |
| Profit (loss) for the period | 9904 | €37,068 | -€240 | -€37,308 | |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €37,068 | -€240 | -€37,308 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.