GIUMATIS: 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.
GIUMATIS
Largest movements
- Tangible fixed assets +€243,122
up €243,122 (+462.3%), from €52,593 to €295,715
- Cash +€133,105
up €133,105 (+299.4%), from €44,455 to €177,560
mainly Debts after one year (+€225,000) and Net result for the year (+€157,306)
- Receivables within one year -€84,033
down €84,033 (-58.3%), from €144,042 to €60,009
of which Trade receivables: -€73,949
- Stocks and contracts -€20,643
down €20,643 (-13.7%), from €150,865 to €130,222
- Debts after one year +€225,000
new in 2025: €225,000
- Profit (loss) carried forward +€157,306
up €157,306 (+78.3%), from €200,934 to €358,240
- Other debts -€102,803
no longer reported in 2025 (was €102,803)
- Tax, wage and social debts -€11,515
down €11,515 (-54.9%), from €20,985 to €9,470
of which Taxes: -€11,741
- Depreciation +€20,045
up €20,045 (+105.1%), from €19,065 to €39,110
- Gross operating margin -€18,652
down €18,652 (-5.8%), from €321,171 to €302,519
- Taxes -€11,327
down €11,327 (-17.7%), from €63,944 to €52,617
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 | €394,609 | €666,316 | +€271,707 | +68.9% |
| Fixed assets | 21/28 | €52,593 | €295,715 | +€243,122 | +462.3% |
| Tangible fixed assets | 22/27 | €52,593 | €295,715 | +€243,122 | +462.3% |
| Plant, machinery and equipment | 23 | €52,593 | €295,715 | +€243,122 | +462.3% |
| Current assets | 29/58 | €342,016 | €370,601 | +€28,585 | +8.4% |
| Stocks and contracts in progress | 3 | €150,865 | €130,222 | -€20,643 | -13.7% |
| Stocks | 30/36 | €150,865 | €130,222 | -€20,643 | -13.7% |
| Amounts receivable within one year | 40/41 | €144,042 | €60,009 | -€84,033 | -58.3% |
| Trade receivables | 40 | €133,958 | €60,009 | -€73,949 | -55.2% |
| Other amounts receivable | 41 | €10,084 | - | -€10,084 | |
| Cash at bank and in hand | 54/58 | €44,455 | €177,560 | +€133,105 | +299.4% |
| Deferred charges and accrued income | 490/1 | €2,654 | €2,810 | +€156 | +5.9% |
| Total equity and liabilities | 10/49 | €394,609 | €666,316 | +€271,707 | +68.9% |
| Equity | 10/15 | €250,934 | €408,240 | +€157,306 | +62.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €200,934 | €358,240 | +€157,306 | +78.3% |
| Amounts payable | 17/49 | €143,676 | €258,077 | +€114,401 | +79.6% |
| Amounts payable after more than one year | 17 | - | €225,000 | +€225,000 | |
| Financial debts | 170/4 | - | €225,000 | +€225,000 | |
| Amounts payable within one year | 42/48 | €141,764 | €33,077 | -€108,687 | -76.7% |
| Trade debts | 44 | €17,976 | €23,607 | +€5,631 | +31.3% |
| Suppliers | 440/4 | €17,976 | €23,607 | +€5,631 | +31.3% |
| Taxes, remuneration and social security | 45 | €20,985 | €9,470 | -€11,515 | -54.9% |
| Taxes | 450/3 | €16,000 | €4,259 | -€11,741 | -73.4% |
| Remuneration and social security | 454/9 | €4,985 | €5,211 | +€226 | +4.5% |
| Other amounts payable | 47/48 | €102,803 | - | -€102,803 | |
| Accrued charges and deferred income | 492/3 | €1,912 | - | -€1,912 | |
| Remuneration, social security and pensions | 62 | €45,990 | €48,318 | +€2,329 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,065 | €39,110 | +€20,045 | +105.1% |
| Other operating charges | 640/8 | €4,185 | €4,265 | +€80 | +1.9% |
| Gross operating margin | 9900 | €321,171 | €302,519 | -€18,652 | -5.8% |
| Operating profit (loss) | 9901 | €251,931 | €210,826 | -€41,105 | -16.3% |
| Financial charges | 65/66B | €1,984 | €903 | -€1,081 | -54.5% |
| Recurring financial charges | 65 | €1,984 | €903 | -€1,081 | -54.5% |
| Profit (loss) for the period before taxes | 9903 | €249,947 | €209,923 | -€40,024 | -16.0% |
| Income taxes | 67/77 | €63,944 | €52,617 | -€11,327 | -17.7% |
| Profit (loss) for the period | 9904 | €186,002 | €157,306 | -€28,696 | -15.4% |
| Profit (loss) for the period to be appropriated | 9905 | €186,002 | €157,306 | -€28,696 | -15.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.