GIUALE: what changed
GIUALE
Largest movements
- Receivables within one year -€7,210
down €7,210 (-15.2%), from €47,423 to €40,213
of which Trade receivables: -€7,605
- Tangible fixed assets -€5,256
down €5,256 (-30.5%), from €17,253 to €11,997
of which Furniture and vehicles: -€5,079
- Trade debts -€107,390
down €107,390 (-83.0%), from €129,422 to €22,032
- Profit (loss) carried forward +€77,461
up €77,461 (+359%), from €21,592 to €99,053
- Tax, wage and social debts +€25,408
up €25,408 (+82.5%), from €30,801 to €56,209
of which Taxes: +€25,408
- Short-term financial debts -€5,310
no longer reported in 2024 (was €5,310)
- Other debts -€3,114
down €3,114 (-9.8%), from €31,714 to €28,600
- Gross operating margin +€22,179
up €22,179 (+23.3%), from €95,231 to €117,409
- Taxes +€6,396
up €6,396 (+27.9%), from €22,953 to €29,349
- Financial charges +€3,072
up €3,072 (+161%), from €1,912 to €4,984
of which Non-recurring financial charges: +€2,796
- Other operating charges -€1,678
down €1,678 (-82.1%), from €2,045 to €367
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €237,439 | €224,494 | -€12,946 | -5.5% |
| Fixed assets | 21/28 | €17,253 | €11,997 | -€5,256 | -30.5% |
| Tangible fixed assets | 22/27 | €17,253 | €11,997 | -€5,256 | -30.5% |
| Land and buildings | 22 | €590 | €468 | -€122 | -20.7% |
| Plant, machinery and equipment | 23 | €254 | €199 | -€54 | -21.4% |
| Furniture and vehicles | 24 | €16,409 | €11,329 | -€5,079 | -31.0% |
| Current assets | 29/58 | €220,186 | €212,497 | -€7,690 | -3.5% |
| Stocks and contracts in progress | 3 | €121,786 | €121,786 | = | 0.0% |
| Stocks | 30/36 | €121,786 | €121,786 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €47,423 | €40,213 | -€7,210 | -15.2% |
| Trade receivables | 40 | €47,423 | €39,818 | -€7,605 | -16.0% |
| Other amounts receivable | 41 | - | €395 | +€395 | |
| Cash at bank and in hand | 54/58 | €50,977 | €50,497 | -€480 | -0.9% |
| Total equity and liabilities | 10/49 | €237,439 | €224,494 | -€12,946 | -5.5% |
| Equity | 10/15 | €40,192 | €117,653 | +€77,461 | +193% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Share premium | 1100/10 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,592 | €99,053 | +€77,461 | +359% |
| Amounts payable | 17/49 | €197,247 | €106,840 | -€90,406 | -45.8% |
| Amounts payable within one year | 42/48 | €197,247 | €106,840 | -€90,406 | -45.8% |
| Financial debts | 43 | €5,310 | - | -€5,310 | |
| Credit institutions | 430/8 | €5,310 | - | -€5,310 | |
| Trade debts | 44 | €129,422 | €22,032 | -€107,390 | -83.0% |
| Suppliers | 440/4 | €129,422 | €22,032 | -€107,390 | -83.0% |
| Taxes, remuneration and social security | 45 | €30,801 | €56,209 | +€25,408 | +82.5% |
| Taxes | 450/3 | €28,733 | €54,141 | +€25,408 | +88.4% |
| Remuneration and social security | 454/9 | €2,068 | €2,068 | = | 0.0% |
| Other amounts payable | 47/48 | €31,714 | €28,600 | -€3,114 | -9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,118 | €5,256 | +€138 | +2.7% |
| Other operating charges | 640/8 | €2,045 | €367 | -€1,678 | -82.1% |
| Gross operating margin | 9900 | €95,231 | €117,409 | +€22,179 | +23.3% |
| Operating profit (loss) | 9901 | €88,068 | €111,787 | +€23,719 | +26.9% |
| Financial income | 75/76B | €18 | €7 | -€10 | -57.9% |
| Recurring financial income | 75 | €18 | €7 | -€10 | -57.9% |
| Financial charges | 65/66B | €1,912 | €4,984 | +€3,072 | +161% |
| Recurring financial charges | 65 | €1,912 | €2,188 | +€276 | +14.4% |
| Non-recurring financial charges | 66B | - | €2,796 | +€2,796 | |
| Profit (loss) for the period before taxes | 9903 | €86,174 | €106,810 | +€20,636 | +23.9% |
| Income taxes | 67/77 | €22,953 | €29,349 | +€6,396 | +27.9% |
| Profit (loss) for the period | 9904 | €63,221 | €77,461 | +€14,240 | +22.5% |
| Profit (loss) for the period to be appropriated | 9905 | €63,221 | €77,461 | +€14,240 | +22.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.