GIULIANA: 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.
GIULIANA
Largest movements
- Tangible fixed assets -€20,687
down €20,687 (-38.3%), from €53,974 to €33,288
of which Furniture and vehicles: -€18,182
- Intangible fixed assets -€20,000
down €20,000 (-50.0%), from €40,000 to €20,000
- Cash +€7,857
up €7,857 (+37.9%), from €20,715 to €28,573
mainly Depreciation (+€40,687) and Tax, wage and social debts (+€750)
- Deferred charges and accrued income +€4,389
up €4,389 (+35.4%), from €12,405 to €16,794
- Receivables within one year +€2,132
new in 2025: €2,132
- Other debts -€13,143
down €13,143 (-22.5%), from €58,413 to €45,270
- Debts after one year -€11,190
down €11,190 (-36.0%), from €31,073 to €19,883
- Profit (loss) carried forward -€2,153
down €2,153, from €132 to -€2,022
- Purchases and services +€17,578
up €17,578 (+17.6%), from €100,115 to €117,693
- Taxes +€1,822
up €1,822 (+18,223,400%), from €0 to €1,822
- Gross operating margin -€1,138
down €1,138 (-2.6%), from €43,607 to €42,469
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 | €127,095 | €100,787 | -€26,308 | -20.7% |
| Fixed assets | 21/28 | €93,974 | €53,288 | -€40,687 | -43.3% |
| Intangible fixed assets | 21 | €40,000 | €20,000 | -€20,000 | -50.0% |
| Tangible fixed assets | 22/27 | €53,974 | €33,288 | -€20,687 | -38.3% |
| Plant, machinery and equipment | 23 | €2,230 | €1,726 | -€505 | -22.6% |
| Furniture and vehicles | 24 | €47,744 | €29,562 | -€18,182 | -38.1% |
| Other tangible fixed assets | 26 | €4,000 | €2,000 | -€2,000 | -50.0% |
| Current assets | 29/58 | €33,120 | €47,499 | +€14,379 | +43.4% |
| Amounts receivable within one year | 40/41 | - | €2,132 | +€2,132 | |
| Other amounts receivable | 41 | - | €2,132 | +€2,132 | |
| Cash at bank and in hand | 54/58 | €20,715 | €28,573 | +€7,857 | +37.9% |
| Deferred charges and accrued income | 490/1 | €12,405 | €16,794 | +€4,389 | +35.4% |
| Total equity and liabilities | 10/49 | €127,095 | €100,787 | -€26,308 | -20.7% |
| Equity | 10/15 | €23,170 | €21,016 | -€2,153 | -9.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €18,038 | €18,038 | = | 0.0% |
| Distributable reserves | 133 | €18,038 | €18,038 | = | 0.0% |
| Profit (loss) carried forward | 14 | €132 | -€2,022 | -€2,153 | |
| Amounts payable | 17/49 | €103,925 | €79,770 | -€24,155 | -23.2% |
| Amounts payable after more than one year | 17 | €31,073 | €19,883 | -€11,190 | -36.0% |
| Financial debts | 170/4 | €31,073 | €19,883 | -€11,190 | -36.0% |
| Amounts payable within one year | 42/48 | €72,852 | €59,887 | -€12,964 | -17.8% |
| Current portion of amounts payable after more than one year | 42 | €11,067 | €11,190 | +€123 | +1.1% |
| Trade debts | 44 | €1,121 | €427 | -€694 | -61.9% |
| Suppliers | 440/4 | €1,121 | €427 | -€694 | -61.9% |
| Taxes, remuneration and social security | 45 | €2,250 | €3,000 | +€750 | +33.3% |
| Taxes | 450/3 | €2,250 | €3,000 | +€750 | +33.3% |
| Other amounts payable | 47/48 | €58,413 | €45,270 | -€13,143 | -22.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €100,115 | €117,693 | +€17,578 | +17.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,123 | €40,687 | -€436 | -1.1% |
| Other operating charges | 640/8 | €1,714 | €1,487 | -€228 | -13.3% |
| Non-recurring operating charges | 66A | €12 | €0 | -€12 | -99.3% |
| Gross operating margin | 9900 | €43,607 | €42,469 | -€1,138 | -2.6% |
| Operating profit (loss) | 9901 | €758 | €295 | -€463 | -61.0% |
| Financial charges | 65/66B | €627 | €626 | -€0 | 0.0% |
| Recurring financial charges | 65 | €627 | €626 | -€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €132 | -€331 | -€463 | |
| Income taxes | 67/77 | €0 | €1,822 | +€1,822 | +18,223,400% |
| Profit (loss) for the period | 9904 | €132 | -€2,153 | -€2,285 | |
| Profit (loss) for the period to be appropriated | 9905 | €132 | -€2,153 | -€2,285 |
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.