Giuliano Stéphane Tyres Solutions: 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 Stéphane Tyres Solutions
Largest movements
- Receivables within one year -€50,628
down €50,628 (-20.2%), from €250,499 to €199,871
- Tangible fixed assets -€30,135
down €30,135 (-4.2%), from €709,491 to €679,356
of which Land and buildings: -€31,290
- Trade debts -€73,424
down €73,424 (-57.9%), from €126,847 to €53,422
- Debts after one year -€57,974
down €57,974 (-10.1%), from €575,945 to €517,971
- Short-term financial debts +€45,000
new in 2025: €45,000
- Tax, wage and social debts +€21,117
up €21,117 (+18.0%), from €117,186 to €138,303
of which Taxes: +€14,934
- Profit (loss) carried forward +€12,345
up €12,345 (+7.7%), from €159,561 to €171,906
- Staff costs +€52,448
up €52,448 (+24.7%), from €212,644 to €265,092
- Gross operating margin +€33,670
up €33,670 (+10.3%), from €327,909 to €361,579
- Taxes +€7,325
new in 2025: €7,325
- Depreciation -€5,696
down €5,696 (-9.5%), from €59,726 to €54,030
- Financial charges -€4,188
down €4,188 (-17.3%), from €24,211 to €20,023
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 | €1,081,665 | €1,015,878 | -€65,787 | -6.1% |
| Fixed assets | 21/28 | €709,491 | €679,356 | -€30,135 | -4.2% |
| Tangible fixed assets | 22/27 | €709,491 | €679,356 | -€30,135 | -4.2% |
| Land and buildings | 22 | €651,704 | €620,414 | -€31,290 | -4.8% |
| Plant, machinery and equipment | 23 | €34,054 | €43,959 | +€9,905 | +29.1% |
| Furniture and vehicles | 24 | €23,733 | €14,983 | -€8,750 | -36.9% |
| Current assets | 29/58 | €372,174 | €336,522 | -€35,652 | -9.6% |
| Stocks and contracts in progress | 3 | €47,687 | €53,934 | +€6,247 | +13.1% |
| Stocks | 30/36 | €47,687 | €53,934 | +€6,247 | +13.1% |
| Amounts receivable within one year | 40/41 | €250,499 | €199,871 | -€50,628 | -20.2% |
| Trade receivables | 40 | €250,499 | €199,871 | -€50,628 | -20.2% |
| Cash at bank and in hand | 54/58 | €68,949 | €79,322 | +€10,373 | +15.0% |
| Deferred charges and accrued income | 490/1 | €5,039 | €3,395 | -€1,644 | -32.6% |
| Total equity and liabilities | 10/49 | €1,081,665 | €1,015,878 | -€65,787 | -6.1% |
| Equity | 10/15 | €184,561 | €196,906 | +€12,345 | +6.7% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €159,561 | €171,906 | +€12,345 | +7.7% |
| Amounts payable | 17/49 | €897,104 | €818,971 | -€78,132 | -8.7% |
| Amounts payable after more than one year | 17 | €575,945 | €517,971 | -€57,974 | -10.1% |
| Financial debts | 170/4 | €575,945 | €517,971 | -€57,974 | -10.1% |
| Amounts payable within one year | 42/48 | €320,143 | €300,870 | -€19,274 | -6.0% |
| Current portion of amounts payable after more than one year | 42 | €62,241 | €62,367 | +€126 | +0.2% |
| Financial debts | 43 | - | €45,000 | +€45,000 | |
| Credit institutions | 430/8 | - | €45,000 | +€45,000 | |
| Trade debts | 44 | €126,847 | €53,422 | -€73,424 | -57.9% |
| Suppliers | 440/4 | €126,847 | €53,422 | -€73,424 | -57.9% |
| Taxes, remuneration and social security | 45 | €117,186 | €138,303 | +€21,117 | +18.0% |
| Taxes | 450/3 | €84,789 | €99,722 | +€14,934 | +17.6% |
| Remuneration and social security | 454/9 | €32,398 | €38,581 | +€6,183 | +19.1% |
| Other amounts payable | 47/48 | €13,870 | €1,777 | -€12,093 | -87.2% |
| Accrued charges and deferred income | 492/3 | €1,015 | €131 | -€885 | -87.1% |
| Remuneration, social security and pensions | 62 | €212,644 | €265,092 | +€52,448 | +24.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,726 | €54,030 | -€5,696 | -9.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €379 | €0 | -€379 | -100% |
| Other operating charges | 640/8 | €5,951 | €8,856 | +€2,906 | +48.8% |
| Non-recurring operating charges | 66A | €7,500 | €0 | -€7,500 | -100% |
| Gross operating margin | 9900 | €327,909 | €361,579 | +€33,670 | +10.3% |
| Operating profit (loss) | 9901 | €41,709 | €33,601 | -€8,108 | -19.4% |
| Financial income | 75/76B | €7,097 | €6,926 | -€171 | -2.4% |
| Recurring financial income | 75 | €7,097 | €6,926 | -€171 | -2.4% |
| Financial charges | 65/66B | €24,211 | €20,023 | -€4,188 | -17.3% |
| Recurring financial charges | 65 | €24,211 | €20,023 | -€4,188 | -17.3% |
| Profit (loss) for the period before taxes | 9903 | €24,595 | €20,503 | -€4,092 | -16.6% |
| Income taxes | 67/77 | - | €7,325 | +€7,325 | |
| Profit (loss) for the period | 9904 | €24,595 | €13,178 | -€11,417 | -46.4% |
| Profit (loss) for the period to be appropriated | 9905 | €24,595 | €13,178 | -€11,417 | -46.4% |
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 1 November 2026 via checked.be.