GIULI: 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.
GIULI
Largest movements
- Tangible fixed assets -€16,222
down €16,222 (-45.0%), from €36,012 to €19,790
of which Furniture and vehicles: -€13,742
- Deferred charges and accrued income +€4,117
up €4,117 (+1624.3%), from €253 to €4,370
- Cash +€1,843
up €1,843 (+221.4%), from €832 to €2,675
mainly Other debts (+€23,153) and Investment in fixed assets (net) (+€11,731)
- Receivables within one year -€1,660
down €1,660 (-34.3%), from €4,839 to €3,179
of which Trade receivables: -€1,684
- Profit (loss) carried forward -€24,265
down €24,265 (-18843.9%), from -€129 to -€24,394
- Other debts +€23,153
up €23,153 (+157.8%), from €14,668 to €37,820
- Debts after one year -€10,248
down €10,248 (-100.0%), from €10,248 to €0
- Current portion of long-term debt -€4,018
down €4,018 (-100.0%), from €4,018 to €0
- Trade debts +€2,026
up €2,026 (+32.2%), from €6,284 to €8,310
- Other operating charges +€9,470
up €9,470 (+264.5%), from €3,581 to €13,050
- Gross operating margin -€5,425
down €5,425, from €2,846 to -€2,579
- Depreciation -€4,992
down €4,992 (-52.1%), from €9,591 to €4,598
- Financial charges +€2,088
up €2,088 (+121.8%), from €1,715 to €3,802
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 | €45,631 | €33,681 | -€11,950 | -26.2% |
| Formation expenses | 20 | €107 | €0 | -€107 | -100.0% |
| Fixed assets | 21/28 | €38,512 | €22,290 | -€16,222 | -42.1% |
| Tangible fixed assets | 22/27 | €36,012 | €19,790 | -€16,222 | -45.0% |
| Plant, machinery and equipment | 23 | €3,217 | €1,914 | -€1,304 | -40.5% |
| Furniture and vehicles | 24 | €24,560 | €10,818 | -€13,742 | -56.0% |
| Other tangible fixed assets | 26 | €8,234 | €7,058 | -€1,176 | -14.3% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €7,012 | €11,391 | +€4,380 | +62.5% |
| Stocks and contracts in progress | 3 | €1,087 | €1,141 | +€54 | +4.9% |
| Stocks | 30/36 | €1,087 | €1,141 | +€54 | +4.9% |
| Amounts receivable within one year | 40/41 | €4,839 | €3,179 | -€1,660 | -34.3% |
| Trade receivables | 40 | €2,036 | €352 | -€1,684 | -82.7% |
| Other amounts receivable | 41 | €2,803 | €2,827 | +€24 | +0.9% |
| Current investments | 50/53 | - | €26 | +€26 | |
| Cash at bank and in hand | 54/58 | €832 | €2,675 | +€1,843 | +221.4% |
| Deferred charges and accrued income | 490/1 | €253 | €4,370 | +€4,117 | +1624.3% |
| Total equity and liabilities | 10/49 | €45,631 | €33,681 | -€11,950 | -26.2% |
| Equity | 10/15 | €4,871 | -€19,394 | -€24,265 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Outside capital | 11 | €5,000 | - | -€5,000 | |
| Other | 1109/19 | €5,000 | - | -€5,000 | |
| Profit (loss) carried forward | 14 | -€129 | -€24,394 | -€24,265 | -18843.9% |
| Amounts payable | 17/49 | €40,760 | €53,075 | +€12,316 | +30.2% |
| Amounts payable after more than one year | 17 | €10,248 | €0 | -€10,248 | -100.0% |
| Financial debts | 170/4 | €10,248 | €0 | -€10,248 | -100.0% |
| Amounts payable within one year | 42/48 | €30,511 | €51,635 | +€21,124 | +69.2% |
| Current portion of amounts payable after more than one year | 42 | €4,018 | €0 | -€4,018 | -100.0% |
| Trade debts | 44 | €6,284 | €8,310 | +€2,026 | +32.2% |
| Suppliers | 440/4 | €6,284 | €8,310 | +€2,026 | +32.2% |
| Taxes, remuneration and social security | 45 | €5,541 | €5,505 | -€36 | -0.7% |
| Taxes | 450/3 | €4,241 | €5,005 | +€764 | +18.0% |
| Remuneration and social security | 454/9 | €1,300 | €500 | -€800 | -61.5% |
| Other amounts payable | 47/48 | €14,668 | €37,820 | +€23,153 | +157.8% |
| Accrued charges and deferred income | 492/3 | - | €1,440 | +€1,440 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,591 | €4,598 | -€4,992 | -52.1% |
| Other operating charges | 640/8 | €3,581 | €13,050 | +€9,470 | +264.5% |
| Gross operating margin | 9900 | €2,846 | -€2,579 | -€5,425 | |
| Operating profit (loss) | 9901 | -€10,326 | -€20,228 | -€9,902 | -95.9% |
| Financial income | 75/76B | €1 | €0 | -€1 | -82.9% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -82.9% |
| Financial charges | 65/66B | €1,715 | €3,802 | +€2,088 | +121.8% |
| Recurring financial charges | 65 | €1,715 | €3,802 | +€2,088 | +121.8% |
| Profit (loss) for the period before taxes | 9903 | -€12,039 | -€24,030 | -€11,991 | -99.6% |
| Income taxes | 67/77 | €240 | €235 | -€5 | -2.1% |
| Profit (loss) for the period | 9904 | -€12,279 | -€24,265 | -€11,986 | -97.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,279 | -€24,265 | -€11,986 | -97.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.