GIUGO IMMO: 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.
GIUGO IMMO
Largest movements
- Tangible fixed assets -€6,921
down €6,921 (-3.4%), from €203,757 to €196,836
of which Land and buildings: -€5,228
- Trade debts -€26,443
down €26,443 (-19.9%), from €133,154 to €106,711
- Other debts +€10,001
up €10,001 (+58.5%), from €17,085 to €27,086
- Profit (loss) carried forward +€6,277
up €6,277 (+12.1%), from €52,023 to €58,300
- Gross operating margin -€4,657
down €4,657 (-19.9%), from €23,454 to €18,797
- Taxes -€1,263
down €1,263 (-37.0%), from €3,414 to €2,151
- Other operating charges -€677
down €677 (-49.0%), from €1,383 to €706
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 | €224,276 | €215,196 | -€9,080 | -4.0% |
| Fixed assets | 21/28 | €209,563 | €201,059 | -€8,504 | -4.1% |
| Intangible fixed assets | 21 | €5,806 | €4,223 | -€1,583 | -27.3% |
| Tangible fixed assets | 22/27 | €203,757 | €196,836 | -€6,921 | -3.4% |
| Land and buildings | 22 | €186,622 | €181,394 | -€5,228 | -2.8% |
| Furniture and vehicles | 24 | €130 | - | -€130 | |
| Other tangible fixed assets | 26 | €17,005 | €15,442 | -€1,563 | -9.2% |
| Current assets | 29/58 | €14,713 | €14,137 | -€576 | -3.9% |
| Amounts receivable within one year | 40/41 | €7,923 | €8,333 | +€410 | +5.2% |
| Other amounts receivable | 41 | €7,923 | €8,333 | +€410 | +5.2% |
| Cash at bank and in hand | 54/58 | €6,790 | €5,804 | -€986 | -14.5% |
| Total equity and liabilities | 10/49 | €224,276 | €215,196 | -€9,080 | -4.0% |
| Equity | 10/15 | €70,623 | €76,900 | +€6,277 | +8.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,023 | €58,300 | +€6,277 | +12.1% |
| Amounts payable | 17/49 | €153,653 | €138,296 | -€15,357 | -10.0% |
| Amounts payable within one year | 42/48 | €153,653 | €138,296 | -€15,357 | -10.0% |
| Trade debts | 44 | €133,154 | €106,711 | -€26,443 | -19.9% |
| Suppliers | 440/4 | €133,154 | €106,711 | -€26,443 | -19.9% |
| Taxes, remuneration and social security | 45 | €3,414 | €4,499 | +€1,085 | +31.8% |
| Taxes | 450/3 | €3,414 | €4,499 | +€1,085 | +31.8% |
| Other amounts payable | 47/48 | €17,085 | €27,086 | +€10,001 | +58.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,496 | €9,642 | +€146 | +1.5% |
| Other operating charges | 640/8 | €1,383 | €706 | -€677 | -49.0% |
| Gross operating margin | 9900 | €23,454 | €18,797 | -€4,657 | -19.9% |
| Operating profit (loss) | 9901 | €12,575 | €8,449 | -€4,126 | -32.8% |
| Financial charges | 65/66B | €48 | €21 | -€27 | -56.3% |
| Recurring financial charges | 65 | €48 | €21 | -€27 | -56.3% |
| Profit (loss) for the period before taxes | 9903 | €12,527 | €8,428 | -€4,099 | -32.7% |
| Income taxes | 67/77 | €3,414 | €2,151 | -€1,263 | -37.0% |
| Profit (loss) for the period | 9904 | €9,113 | €6,277 | -€2,836 | -31.1% |
| Profit (loss) for the period to be appropriated | 9905 | €9,113 | €6,277 | -€2,836 | -31.1% |
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 18 October 2026 via checked.be.