GIULIANO: 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.
GIULIANO
Largest movements
- Receivables within one year +€44,316
up €44,316 (+64.2%), from €69,023 to €113,338
of which Other amounts receivable: +€36,468
- Cash +€8,691
up €8,691 (+5.2%), from €166,403 to €175,095
mainly Tax, wage and social debts (+€93,773) and Trade debts (+€11,106)
- Tax, wage and social debts +€93,773
up €93,773 (+192%), from €48,960 to €142,732
of which Taxes: +€89,648
- Accrued charges and deferred income -€35,159
no longer reported in 2024 (was €35,159)
- Profit (loss) carried forward -€16,713
down €16,713 (-15.4%), from €108,794 to €92,081
- Trade debts +€11,106
up €11,106 (+192%), from €5,793 to €16,899
- Gross operating margin -€101,252
down €101,252 (-68.5%), from €147,804 to €46,553
- Taxes -€24,502
no longer reported in 2024 (was €24,502)
- Staff costs +€16,148
up €16,148 (+31.5%), from €51,185 to €67,333
- Financial income +€7,273
up €7,273 (+254%), from €2,860 to €10,133
of which Non-recurring financial income: +€5,038
- Financial charges -€1,584
down €1,584 (-32.3%), from €4,903 to €3,318
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €235,981 | €288,988 | +€53,007 | +22.5% |
| Current assets | 29/58 | €235,981 | €288,988 | +€53,007 | +22.5% |
| Stocks and contracts in progress | 3 | €555 | €555 | = | 0.0% |
| Stocks | 30/36 | €555 | €555 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €69,023 | €113,338 | +€44,316 | +64.2% |
| Trade receivables | 40 | €3,266 | €11,114 | +€7,848 | +240% |
| Other amounts receivable | 41 | €65,756 | €102,224 | +€36,468 | +55.5% |
| Cash at bank and in hand | 54/58 | €166,403 | €175,095 | +€8,691 | +5.2% |
| Total equity and liabilities | 10/49 | €235,981 | €288,988 | +€53,007 | +22.5% |
| Equity | 10/15 | €146,070 | €129,357 | -€16,713 | -11.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €18,676 | €18,676 | = | 0.0% |
| Non-distributable reserves | 130/1 | €930 | €930 | = | 0.0% |
| Reserves not available under the articles | 1311 | €930 | €930 | = | 0.0% |
| Distributable reserves | 133 | €17,746 | €17,746 | = | 0.0% |
| Profit (loss) carried forward | 14 | €108,794 | €92,081 | -€16,713 | -15.4% |
| Amounts payable | 17/49 | €89,911 | €159,631 | +€69,720 | +77.5% |
| Amounts payable within one year | 42/48 | €54,752 | €159,631 | +€104,879 | +192% |
| Trade debts | 44 | €5,793 | €16,899 | +€11,106 | +192% |
| Suppliers | 440/4 | €5,793 | €16,899 | +€11,106 | +192% |
| Taxes, remuneration and social security | 45 | €48,960 | €142,732 | +€93,773 | +192% |
| Taxes | 450/3 | €45,319 | €134,967 | +€89,648 | +198% |
| Remuneration and social security | 454/9 | €3,640 | €7,765 | +€4,125 | +113% |
| Accrued charges and deferred income | 492/3 | €35,159 | - | -€35,159 | |
| Remuneration, social security and pensions | 62 | €51,185 | €67,333 | +€16,148 | +31.5% |
| Other operating charges | 640/8 | €2,767 | €2,747 | -€20 | -0.7% |
| Gross operating margin | 9900 | €147,804 | €46,553 | -€101,252 | -68.5% |
| Operating profit (loss) | 9901 | €93,852 | -€23,528 | -€117,380 | |
| Financial income | 75/76B | €2,860 | €10,133 | +€7,273 | +254% |
| Recurring financial income | 75 | €2,860 | €5,095 | +€2,235 | +78.2% |
| Non-recurring financial income | 76B | - | €5,038 | +€5,038 | |
| Financial charges | 65/66B | €4,903 | €3,318 | -€1,584 | -32.3% |
| Recurring financial charges | 65 | €4,903 | €3,318 | -€1,584 | -32.3% |
| Profit (loss) for the period before taxes | 9903 | €91,810 | -€16,713 | -€108,523 | |
| Income taxes | 67/77 | €24,502 | - | -€24,502 | |
| Profit (loss) for the period | 9904 | €67,308 | -€16,713 | -€84,021 | |
| Profit (loss) for the period to be appropriated | 9905 | €67,308 | -€16,713 | -€84,021 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.