GIOVANNI: 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.
GIOVANNI
Largest movements
- Tangible fixed assets -€19,699
down €19,699 (-43.3%), from €45,535 to €25,836
- Stocks and contracts -€3,534
down €3,534 (-35.4%), from €9,978 to €6,444
- Cash +€3,077
up €3,077 (+6.1%), from €50,222 to €53,299
mainly Depreciation (+€19,699) and Stocks and contracts (+€3,534)
- Receivables within one year +€1,262
up €1,262 (+48.0%), from €2,626 to €3,888
of which Trade receivables: +€1,259
- Debts after one year -€8,476
down €8,476 (-54.2%), from €15,646 to €7,169
- Trade debts -€5,652
down €5,652 (-23.1%), from €24,442 to €18,790
- Tax, wage and social debts -€2,797
down €2,797 (-21.8%), from €12,853 to €10,057
- Other debts -€2,334
down €2,334 (-20.8%), from €11,219 to €8,885
- Depreciation +€8,131
up €8,131 (+70.3%), from €11,568 to €19,699
- Write-downs +€5,973
up €5,973 (+449.9%), from €1,327 to €7,300
- Taxes -€2,542
down €2,542 (-56.4%), from €4,504 to €1,962
- Gross operating margin +€1,519
up €1,519 (+5.0%), from €30,494 to €32,013
- Other operating charges -€565
down €565 (-24.9%), from €2,268 to €1,703
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 | €109,963 | €91,191 | -€18,773 | -17.1% |
| Fixed assets | 21/28 | €45,535 | €25,836 | -€19,699 | -43.3% |
| Tangible fixed assets | 22/27 | €45,535 | €25,836 | -€19,699 | -43.3% |
| Furniture and vehicles | 24 | €45,535 | €25,836 | -€19,699 | -43.3% |
| Current assets | 29/58 | €64,428 | €65,355 | +€926 | +1.4% |
| Stocks and contracts in progress | 3 | €9,978 | €6,444 | -€3,534 | -35.4% |
| Stocks | 30/36 | €9,978 | €6,444 | -€3,534 | -35.4% |
| Amounts receivable within one year | 40/41 | €2,626 | €3,888 | +€1,262 | +48.0% |
| Trade receivables | 40 | €2,621 | €3,879 | +€1,259 | +48.0% |
| Other amounts receivable | 41 | €6 | €9 | +€3 | +56.0% |
| Cash at bank and in hand | 54/58 | €50,222 | €53,299 | +€3,077 | +6.1% |
| Deferred charges and accrued income | 490/1 | €1,602 | €1,724 | +€122 | +7.6% |
| Total equity and liabilities | 10/49 | €109,963 | €91,191 | -€18,773 | -17.1% |
| Equity | 10/15 | €37,463 | €37,814 | +€350 | +0.9% |
| Contributions | 10/11 | €13,014 | €13,014 | = | 0.0% |
| Reserves | 13 | €24,449 | €24,799 | +€350 | +1.4% |
| Distributable reserves | 133 | €24,449 | €24,799 | +€350 | +1.4% |
| Amounts payable | 17/49 | €72,500 | €53,377 | -€19,123 | -26.4% |
| Amounts payable after more than one year | 17 | €15,646 | €7,169 | -€8,476 | -54.2% |
| Financial debts | 170/4 | €15,646 | €7,169 | -€8,476 | -54.2% |
| Amounts payable within one year | 42/48 | €56,854 | €46,208 | -€10,646 | -18.7% |
| Current portion of amounts payable after more than one year | 42 | €8,340 | €8,476 | +€136 | +1.6% |
| Trade debts | 44 | €24,442 | €18,790 | -€5,652 | -23.1% |
| Suppliers | 440/4 | €24,442 | €18,790 | -€5,652 | -23.1% |
| Taxes, remuneration and social security | 45 | €12,853 | €10,057 | -€2,797 | -21.8% |
| Taxes | 450/3 | €12,853 | €10,057 | -€2,797 | -21.8% |
| Other amounts payable | 47/48 | €11,219 | €8,885 | -€2,334 | -20.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,568 | €19,699 | +€8,131 | +70.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,327 | €7,300 | +€5,973 | +449.9% |
| Other operating charges | 640/8 | €2,268 | €1,703 | -€565 | -24.9% |
| Gross operating margin | 9900 | €30,494 | €32,013 | +€1,519 | +5.0% |
| Operating profit (loss) | 9901 | €15,331 | €3,311 | -€12,020 | -78.4% |
| Financial income | 75/76B | €12 | €2 | -€9 | -82.0% |
| Recurring financial income | 75 | €12 | €2 | -€9 | -82.0% |
| Financial charges | 65/66B | €800 | €1,001 | +€202 | +25.2% |
| Recurring financial charges | 65 | €800 | €1,001 | +€202 | +25.2% |
| Profit (loss) for the period before taxes | 9903 | €14,543 | €2,312 | -€12,232 | -84.1% |
| Income taxes | 67/77 | €4,504 | €1,962 | -€2,542 | -56.4% |
| Profit (loss) for the period | 9904 | €10,039 | €350 | -€9,689 | -96.5% |
| Profit (loss) for the period to be appropriated | 9905 | €10,039 | €350 | -€9,689 | -96.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.