GIUALE-ASSUR: 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.
GIUALE-ASSUR
Largest movements
- Cash +€16,664
up €16,664 (+193%), from €8,627 to €25,291
mainly Net result for the year (+€30,301) and Depreciation (+€3,304)
- Deferred charges and accrued income +€6,161
up €6,161 (+34.0%), from €18,100 to €24,261
- Receivables within one year +€4,431
new in 2025: €4,431
- Tangible fixed assets -€1,255
down €1,255 (-8.3%), from €15,099 to €13,844
of which Plant, machinery and equipment: -€1,630
- Intangible fixed assets -€800
down €800 (-11.1%), from €7,217 to €6,417
- Profit (loss) carried forward +€22,014
up €22,014 (+113%), from €19,497 to €41,512
- Debts after one year +€3,062
up €3,062 (+30.4%), from €10,082 to €13,144
- Current portion of long-term debt -€1,641
no longer reported in 2025 (was €1,641)
- Trade debts +€1,467
up €1,467 (+33.7%), from €4,357 to €5,824
- Gross operating margin +€16,478
up €16,478 (+33.7%), from €48,875 to €65,353
- Taxes +€4,567
up €4,567 (+62.6%), from €7,299 to €11,865
- Staff costs -€861
down €861 (-6.1%), from €14,203 to €13,343
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 | €49,043 | €74,244 | +€25,201 | +51.4% |
| Fixed assets | 21/28 | €22,316 | €20,261 | -€2,055 | -9.2% |
| Intangible fixed assets | 21 | €7,217 | €6,417 | -€800 | -11.1% |
| Tangible fixed assets | 22/27 | €15,099 | €13,844 | -€1,255 | -8.3% |
| Plant, machinery and equipment | 23 | €13,593 | €11,963 | -€1,630 | -12.0% |
| Furniture and vehicles | 24 | €1,506 | €1,881 | +€375 | +24.9% |
| Current assets | 29/58 | €26,727 | €53,983 | +€27,256 | +102% |
| Amounts receivable within one year | 40/41 | - | €4,431 | +€4,431 | |
| Other amounts receivable | 41 | - | €4,431 | +€4,431 | |
| Cash at bank and in hand | 54/58 | €8,627 | €25,291 | +€16,664 | +193% |
| Deferred charges and accrued income | 490/1 | €18,100 | €24,261 | +€6,161 | +34.0% |
| Total equity and liabilities | 10/49 | €49,043 | €74,244 | +€25,201 | +51.4% |
| Equity | 10/15 | €32,362 | €54,377 | +€22,014 | +68.0% |
| Contributions | 10/11 | €11,005 | €11,005 | = | 0.0% |
| Capital | 10 | €11,005 | €11,005 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €7,595 | €7,595 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,497 | €41,512 | +€22,014 | +113% |
| Amounts payable | 17/49 | €16,681 | €19,868 | +€3,187 | +19.1% |
| Amounts payable after more than one year | 17 | €10,082 | €13,144 | +€3,062 | +30.4% |
| Financial debts | 170/4 | €10,082 | €13,144 | +€3,062 | +30.4% |
| Amounts payable within one year | 42/48 | €6,599 | €6,724 | +€125 | +1.9% |
| Current portion of amounts payable after more than one year | 42 | €1,641 | - | -€1,641 | |
| Trade debts | 44 | €4,357 | €5,824 | +€1,467 | +33.7% |
| Suppliers | 440/4 | €4,357 | €5,824 | +€1,467 | +33.7% |
| Taxes, remuneration and social security | 45 | €602 | €900 | +€298 | +49.6% |
| Taxes | 450/3 | €602 | €900 | +€298 | +49.6% |
| Remuneration, social security and pensions | 62 | €14,203 | €13,343 | -€861 | -6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,173 | €3,304 | +€131 | +4.1% |
| Other operating charges | 640/8 | €1,128 | €760 | -€368 | -32.6% |
| Non-recurring operating charges | 66A | €306 | - | -€306 | |
| Gross operating margin | 9900 | €48,875 | €65,353 | +€16,478 | +33.7% |
| Operating profit (loss) | 9901 | €30,066 | €47,947 | +€17,881 | +59.5% |
| Financial income | 75/76B | €97 | €26 | -€72 | -73.7% |
| Recurring financial income | 75 | €97 | €26 | -€72 | -73.7% |
| Financial charges | 65/66B | €5,478 | €5,806 | +€328 | +6.0% |
| Recurring financial charges | 65 | €5,478 | €5,806 | +€328 | +6.0% |
| Profit (loss) for the period before taxes | 9903 | €24,685 | €42,167 | +€17,481 | +70.8% |
| Income taxes | 67/77 | €7,299 | €11,865 | +€4,567 | +62.6% |
| Profit (loss) for the period | 9904 | €17,386 | €30,301 | +€12,915 | +74.3% |
| Profit (loss) for the period to be appropriated | 9905 | €17,386 | €30,301 | +€12,915 | +74.3% |
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 19 October 2026 via checked.be.