Giuntura: 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.
Giuntura
Largest movements
- Tangible fixed assets -€23,159
down €23,159 (-5.1%), from €458,266 to €435,107
of which Land and buildings: -€12,957
- Debts after one year -€51,797
down €51,797 (-18.4%), from €281,381 to €229,584
of which Financial debts: -€54,917
- Other debts +€22,741
up €22,741 (+56.4%), from €40,310 to €63,051
- Short-term financial debts +€7,500
new in 2025: €7,500
- Reserves +€5,921
up €5,921 (+14.6%), from €40,561 to €46,482
of which Distributable reserves: +€5,921
- Depreciation +€1,390
up €1,390 (+6.4%), from €21,768 to €23,159
- Financial charges -€715
down €715 (-10.1%), from €7,096 to €6,381
- Taxes -€428
down €428 (-11.7%), from €3,669 to €3,241
- Gross operating margin +€423
up €423 (+1.1%), from €40,000 to €40,423
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 | €511,458 | €494,996 | -€16,461 | -3.2% |
| Fixed assets | 21/28 | €458,266 | €435,107 | -€23,159 | -5.1% |
| Tangible fixed assets | 22/27 | €458,266 | €435,107 | -€23,159 | -5.1% |
| Land and buildings | 22 | €414,508 | €401,551 | -€12,957 | -3.1% |
| Plant, machinery and equipment | 23 | €3,640 | €3,120 | -€520 | -14.3% |
| Furniture and vehicles | 24 | €40,118 | €30,436 | -€9,682 | -24.1% |
| Current assets | 29/58 | €53,192 | €59,889 | +€6,697 | +12.6% |
| Amounts receivable within one year | 40/41 | €26,540 | €30,740 | +€4,200 | +15.8% |
| Trade receivables | 40 | €4,220 | €4,304 | +€85 | +2.0% |
| Other amounts receivable | 41 | €22,321 | €26,436 | +€4,115 | +18.4% |
| Cash at bank and in hand | 54/58 | €26,652 | €29,149 | +€2,498 | +9.4% |
| Total equity and liabilities | 10/49 | €511,458 | €494,996 | -€16,461 | -3.2% |
| Equity | 10/15 | €109,469 | €115,390 | +€5,921 | +5.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €40,561 | €46,482 | +€5,921 | +14.6% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,178 | €3,178 | = | 0.0% |
| Distributable reserves | 133 | €35,528 | €41,449 | +€5,921 | +16.7% |
| Profit (loss) carried forward | 14 | €62,708 | €62,708 | = | 0.0% |
| Amounts payable | 17/49 | €401,989 | €379,606 | -€22,382 | -5.6% |
| Amounts payable after more than one year | 17 | €281,381 | €229,584 | -€51,797 | -18.4% |
| Financial debts | 170/4 | €281,381 | €226,464 | -€54,917 | -19.5% |
| Other amounts payable | 178/9 | - | €3,120 | +€3,120 | |
| Amounts payable within one year | 42/48 | €106,756 | €138,005 | +€31,249 | +29.3% |
| Current portion of amounts payable after more than one year | 42 | €49,224 | €50,211 | +€987 | +2.0% |
| Financial debts | 43 | - | €7,500 | +€7,500 | |
| Credit institutions | 430/8 | - | €7,500 | +€7,500 | |
| Trade debts | 44 | €11,690 | €10,336 | -€1,355 | -11.6% |
| Suppliers | 440/4 | €11,690 | €10,336 | -€1,355 | -11.6% |
| Taxes, remuneration and social security | 45 | €5,531 | €6,907 | +€1,376 | +24.9% |
| Taxes | 450/3 | €5,531 | €6,907 | +€1,376 | +24.9% |
| Other amounts payable | 47/48 | €40,310 | €63,051 | +€22,741 | +56.4% |
| Accrued charges and deferred income | 492/3 | €13,851 | €12,018 | -€1,834 | -13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,768 | €23,159 | +€1,390 | +6.4% |
| Other operating charges | 640/8 | €2,091 | €1,952 | -€139 | -6.6% |
| Gross operating margin | 9900 | €40,000 | €40,423 | +€423 | +1.1% |
| Operating profit (loss) | 9901 | €16,141 | €15,312 | -€829 | -5.1% |
| Financial income | 75/76B | €354 | €231 | -€124 | -34.9% |
| Recurring financial income | 75 | €354 | €231 | -€124 | -34.9% |
| Financial charges | 65/66B | €7,096 | €6,381 | -€715 | -10.1% |
| Recurring financial charges | 65 | €7,096 | €6,381 | -€715 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €9,399 | €9,162 | -€238 | -2.5% |
| Income taxes | 67/77 | €3,669 | €3,241 | -€428 | -11.7% |
| Profit (loss) for the period | 9904 | €5,731 | €5,921 | +€190 | +3.3% |
| Profit (loss) for the period to be appropriated | 9905 | €5,731 | €5,921 | +€190 | +3.3% |
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 27 October 2026 via checked.be.