GIULIANO MODE: 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 MODE
Largest movements
- Receivables within one year +€23,754
up €23,754 (+3.8%), from €622,348 to €646,102
of which Other amounts receivable: +€63,833
- Cash -€14,566
down €14,566 (-90.8%), from €16,042 to €1,476
mainly Trade debts (-€74,021) and Receivables within one year (-€23,754)
- Trade debts -€74,021
down €74,021 (-9.7%), from €762,151 to €688,130
- Profit (loss) carried forward +€59,352
up €59,352, from -€33,438 to €25,913
- Tax, wage and social debts +€13,463
up €13,463 (+37.8%), from €35,596 to €49,059
of which Taxes: +€13,552
- Taxes -€39,386
down €39,386, from €34,759 to -€4,627
- Gross operating margin +€23,574
up €23,574 (+15.0%), from €157,318 to €180,892
- Depreciation -€5,685
down €5,685 (-58.0%), from €9,805 to €4,120
- Other operating charges -€4,742
down €4,742 (-20.5%), from €23,185 to €18,443
- Staff costs +€4,492
up €4,492 (+4.8%), from €94,322 to €98,814
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 | €1,065,267 | €1,070,207 | +€4,940 | +0.5% |
| Fixed assets | 21/28 | €52,294 | €48,174 | -€4,120 | -7.9% |
| Tangible fixed assets | 22/27 | €11,982 | €7,862 | -€4,120 | -34.4% |
| Furniture and vehicles | 24 | €11,982 | €7,862 | -€4,120 | -34.4% |
| Financial fixed assets | 28 | €40,312 | €40,312 | = | 0.0% |
| Current assets | 29/58 | €1,012,973 | €1,022,033 | +€9,060 | +0.9% |
| Stocks and contracts in progress | 3 | €372,890 | €372,890 | = | 0.0% |
| Stocks | 30/36 | €372,890 | €372,890 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €622,348 | €646,102 | +€23,754 | +3.8% |
| Trade receivables | 40 | €64,725 | €24,646 | -€40,079 | -61.9% |
| Other amounts receivable | 41 | €557,623 | €621,456 | +€63,833 | +11.4% |
| Cash at bank and in hand | 54/58 | €16,042 | €1,476 | -€14,566 | -90.8% |
| Deferred charges and accrued income | 490/1 | €1,692 | €1,565 | -€127 | -7.5% |
| Total equity and liabilities | 10/49 | €1,065,267 | €1,070,207 | +€4,940 | +0.5% |
| Equity | 10/15 | -€21,578 | €37,773 | +€59,352 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,438 | €25,913 | +€59,352 | |
| Amounts payable | 17/49 | €1,086,845 | €1,032,434 | -€54,411 | -5.0% |
| Amounts payable after more than one year | 17 | €280,000 | €280,000 | = | 0.0% |
| Financial debts | 170/4 | €280,000 | €280,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €806,845 | €752,434 | -€54,411 | -6.7% |
| Current portion of amounts payable after more than one year | 42 | - | €5,000 | +€5,000 | |
| Trade debts | 44 | €762,151 | €688,130 | -€74,021 | -9.7% |
| Suppliers | 440/4 | €762,151 | €688,130 | -€74,021 | -9.7% |
| Taxes, remuneration and social security | 45 | €35,596 | €49,059 | +€13,463 | +37.8% |
| Taxes | 450/3 | €23,209 | €36,761 | +€13,552 | +58.4% |
| Remuneration and social security | 454/9 | €12,387 | €12,298 | -€89 | -0.7% |
| Other amounts payable | 47/48 | €9,098 | €10,244 | +€1,146 | +12.6% |
| Non-recurring operating income | 76A | €21,716 | - | -€21,716 | |
| Remuneration, social security and pensions | 62 | €94,322 | €98,814 | +€4,492 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,805 | €4,120 | -€5,685 | -58.0% |
| Other operating charges | 640/8 | €23,185 | €18,443 | -€4,742 | -20.5% |
| Gross operating margin | 9900 | €157,318 | €180,892 | +€23,574 | +15.0% |
| Operating profit (loss) | 9901 | €30,006 | €59,514 | +€29,509 | +98.3% |
| Financial income | 75/76B | €4 | - | -€4 | |
| Recurring financial income | 75 | €4 | - | -€4 | |
| Financial charges | 65/66B | €5,512 | €4,789 | -€723 | -13.1% |
| Recurring financial charges | 65 | €5,512 | €4,789 | -€723 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | €24,497 | €54,725 | +€30,228 | +123% |
| Income taxes | 67/77 | €34,759 | -€4,627 | -€39,386 | |
| Profit (loss) for the period | 9904 | -€10,262 | €59,352 | +€69,614 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,262 | €59,352 | +€69,614 |
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 15 October 2026 via checked.be.