GIUMICAR: 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.
GIUMICAR
Largest movements
- Cash -€49,039
down €49,039 (-84.9%), from €57,793 to €8,754
mainly Net result for the year (-€62,034) and Trade debts (-€61,776)
- Stocks and contracts -€32,608
down €32,608 (-19.7%), from €165,184 to €132,576
- Profit (loss) carried forward -€62,034
down €62,034 (-294.4%), from -€21,070 to -€83,105
- Trade debts -€61,776
down €61,776 (-99.7%), from €61,981 to €205
- Other debts +€52,700
up €52,700 (+32.7%), from €161,403 to €214,103
- Tax, wage and social debts -€11,962
down €11,962 (-86.1%), from €13,889 to €1,926
- Gross operating margin -€1,016
down €1,016 (-73.6%), from €1,381 to €365
- Financial charges -€555
down €555 (-83.2%), from €667 to €112
- Other operating charges -€389
down €389 (-21.7%), from €1,792 to €1,403
- Financial income -€214
down €214 (-95.4%), from €224 to €10
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 | €235,440 | €152,368 | -€83,073 | -35.3% |
| Fixed assets | 21/28 | €1,890 | €1,338 | -€552 | -29.2% |
| Tangible fixed assets | 22/27 | €1,890 | €1,338 | -€552 | -29.2% |
| Furniture and vehicles | 24 | €1,890 | €1,338 | -€552 | -29.2% |
| Current assets | 29/58 | €233,550 | €151,030 | -€82,520 | -35.3% |
| Stocks and contracts in progress | 3 | €165,184 | €132,576 | -€32,608 | -19.7% |
| Stocks | 30/36 | €165,184 | €132,576 | -€32,608 | -19.7% |
| Amounts receivable within one year | 40/41 | €9,866 | €8,854 | -€1,012 | -10.3% |
| Trade receivables | 40 | €9,866 | €6,243 | -€3,623 | -36.7% |
| Other amounts receivable | 41 | - | €2,611 | +€2,611 | |
| Cash at bank and in hand | 54/58 | €57,793 | €8,754 | -€49,039 | -84.9% |
| Deferred charges and accrued income | 490/1 | €708 | €846 | +€139 | +19.6% |
| Total equity and liabilities | 10/49 | €235,440 | €152,368 | -€83,073 | -35.3% |
| Equity | 10/15 | -€1,833 | -€63,867 | -€62,034 | -3385.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €638 | €638 | = | 0.0% |
| Distributable reserves | 133 | €638 | €638 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,070 | -€83,105 | -€62,034 | -294.4% |
| Amounts payable | 17/49 | €237,273 | €216,235 | -€21,038 | -8.9% |
| Amounts payable within one year | 42/48 | €237,273 | €216,235 | -€21,038 | -8.9% |
| Trade debts | 44 | €61,981 | €205 | -€61,776 | -99.7% |
| Suppliers | 440/4 | €61,981 | €205 | -€61,776 | -99.7% |
| Taxes, remuneration and social security | 45 | €13,889 | €1,926 | -€11,962 | -86.1% |
| Taxes | 450/3 | €13,889 | €1,926 | -€11,962 | -86.1% |
| Other amounts payable | 47/48 | €161,403 | €214,103 | +€52,700 | +32.7% |
| Non-recurring operating income | 76A | €8,678 | - | -€8,678 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €552 | €552 | = | 0.0% |
| Other operating charges | 640/8 | €1,792 | €1,403 | -€389 | -21.7% |
| Non-recurring operating charges | 66A | - | €60,341 | +€60,341 | |
| Gross operating margin | 9900 | €1,381 | €365 | -€1,016 | -73.6% |
| Operating profit (loss) | 9901 | -€964 | -€61,933 | -€60,969 | -6326.9% |
| Financial income | 75/76B | €224 | €10 | -€214 | -95.4% |
| Recurring financial income | 75 | €224 | €10 | -€214 | -95.4% |
| Financial charges | 65/66B | €667 | €112 | -€555 | -83.2% |
| Recurring financial charges | 65 | €667 | €112 | -€555 | -83.2% |
| Profit (loss) for the period before taxes | 9903 | -€1,407 | -€62,034 | -€60,628 | -4310.2% |
| Profit (loss) for the period | 9904 | -€1,407 | -€62,034 | -€60,628 | -4310.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,407 | -€62,034 | -€60,628 | -4310.2% |
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 10 October 2026 via checked.be.