GIULIA: 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.
GIULIA
Largest movements
- Receivables within one year -€9,960
no longer reported in 2025 (was €9,960)
- Deferred charges and accrued income -€1,095
no longer reported in 2025 (was €1,095)
- Tangible fixed assets -€334
no longer reported in 2025 (was €334)
- Cash -€162
down €162 (-23.6%), from €685 to €523
mainly Debts after one year (-€35,000) and Other debts (-€4,813)
- Profit (loss) carried forward +€37,013
up €37,013 (+14.8%), from -€250,678 to -€213,665
- Debts after one year -€35,000
down €35,000 (-46.7%), from €75,000 to €40,000
- Reserves -€8,567
down €8,567 (-48.8%), from €17,539 to €8,972
of which Tax-exempt reserves: -€8,567
- Other debts -€4,813
down €4,813 (-25.5%), from €18,862 to €14,049
- Trade debts -€508
down €508 (-70.3%), from €723 to €215
- Gross operating margin +€4,386
up €4,386 (+17.4%), from €25,193 to €29,579
- Depreciation -€576
down €576 (-63.3%), from €910 to €334
- Other operating charges -€449
down €449 (-41.1%), from €1,092 to €643
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 | €12,075 | €523 | -€11,551 | -95.7% |
| Fixed assets | 21/28 | €334 | - | -€334 | |
| Tangible fixed assets | 22/27 | €334 | - | -€334 | |
| Plant, machinery and equipment | 23 | €334 | - | -€334 | |
| Current assets | 29/58 | €11,740 | €523 | -€11,217 | -95.5% |
| Amounts receivable within one year | 40/41 | €9,960 | - | -€9,960 | |
| Trade receivables | 40 | €9,960 | - | -€9,960 | |
| Cash at bank and in hand | 54/58 | €685 | €523 | -€162 | -23.6% |
| Deferred charges and accrued income | 490/1 | €1,095 | - | -€1,095 | |
| Total equity and liabilities | 10/49 | €12,075 | €523 | -€11,551 | -95.7% |
| Equity | 10/15 | -€84,140 | -€55,693 | +€28,446 | +33.8% |
| Contributions | 10/11 | €149,000 | €149,000 | = | 0.0% |
| Reserves | 13 | €17,539 | €8,972 | -€8,567 | -48.8% |
| Tax-exempt reserves | 132 | €8,567 | - | -€8,567 | |
| Distributable reserves | 133 | €8,972 | €8,972 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€250,678 | -€213,665 | +€37,013 | +14.8% |
| Amounts payable | 17/49 | €96,214 | €56,217 | -€39,998 | -41.6% |
| Amounts payable after more than one year | 17 | €75,000 | €40,000 | -€35,000 | -46.7% |
| Other amounts payable | 178/9 | €75,000 | €40,000 | -€35,000 | -46.7% |
| Amounts payable within one year | 42/48 | €21,214 | €16,117 | -€5,098 | -24.0% |
| Trade debts | 44 | €723 | €215 | -€508 | -70.3% |
| Suppliers | 440/4 | €723 | €215 | -€508 | -70.3% |
| Taxes, remuneration and social security | 45 | €1,630 | €1,853 | +€223 | +13.7% |
| Taxes | 450/3 | €1,090 | €1,853 | +€763 | +70.0% |
| Remuneration and social security | 454/9 | €540 | - | -€540 | |
| Other amounts payable | 47/48 | €18,862 | €14,049 | -€4,813 | -25.5% |
| Accrued charges and deferred income | 492/3 | - | €100 | +€100 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €910 | €334 | -€576 | -63.3% |
| Other operating charges | 640/8 | €1,092 | €643 | -€449 | -41.1% |
| Gross operating margin | 9900 | €25,193 | €29,579 | +€4,386 | +17.4% |
| Operating profit (loss) | 9901 | €23,191 | €28,602 | +€5,411 | +23.3% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €120 | €155 | +€35 | +29.5% |
| Recurring financial charges | 65 | €120 | €155 | +€35 | +29.5% |
| Profit (loss) for the period before taxes | 9903 | €23,071 | €28,446 | +€5,375 | +23.3% |
| Profit (loss) for the period | 9904 | €23,071 | €28,446 | +€5,375 | +23.3% |
| Transfer from tax-exempt reserves | 789 | - | €8,567 | +€8,567 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,071 | €37,013 | +€13,942 | +60.4% |
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 5 October 2026 via checked.be.