GIURGEA: 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.
GIURGEA
Largest movements
- Receivables within one year +€31,645
up €31,645 (+26.2%), from €120,744 to €152,388
- Cash +€21,428
up €21,428 (+105.3%), from €20,356 to €41,784
mainly Net result for the year (+€37,615) and Tax, wage and social debts (+€12,216)
- Receivables after one year +€7,000
new in 2025: €7,000
- Intangible fixed assets -€6,000
down €6,000 (-33.3%), from €18,000 to €12,000
- Deferred charges and accrued income -€2,605
down €2,605 (-56.0%), from €4,648 to €2,044
- Reserves +€19,000
up €19,000 (+21.7%), from €87,460 to €106,460
of which Distributable reserves: +€19,000
- Tax, wage and social debts +€12,216
up €12,216 (+104.2%), from €11,725 to €23,941
- Other debts +€11,000
new in 2025: €11,000
- Profit (loss) carried forward +€7,615
up €7,615 (+16.7%), from €45,672 to €53,287
- Gross operating margin +€2,666
up €2,666 (+4.6%), from €57,929 to €60,595
- Financial income +€1,284
up €1,284 (+41.2%), from €3,114 to €4,398
- Other operating charges +€813
up €813 (+131.6%), from €618 to €1,431
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 | €166,057 | €216,624 | +€50,567 | +30.5% |
| Fixed assets | 21/28 | €20,309 | €13,408 | -€6,901 | -34.0% |
| Intangible fixed assets | 21 | €18,000 | €12,000 | -€6,000 | -33.3% |
| Tangible fixed assets | 22/27 | €2,309 | €1,408 | -€901 | -39.0% |
| Land and buildings | 22 | €1,477 | €1,111 | -€366 | -24.8% |
| Furniture and vehicles | 24 | €832 | €297 | -€535 | -64.3% |
| Current assets | 29/58 | €145,748 | €203,216 | +€57,468 | +39.4% |
| Amounts receivable after more than one year | 29 | - | €7,000 | +€7,000 | |
| Other amounts receivable | 291 | - | €7,000 | +€7,000 | |
| Amounts receivable within one year | 40/41 | €120,744 | €152,388 | +€31,645 | +26.2% |
| Other amounts receivable | 41 | €120,744 | €152,388 | +€31,645 | +26.2% |
| Cash at bank and in hand | 54/58 | €20,356 | €41,784 | +€21,428 | +105.3% |
| Deferred charges and accrued income | 490/1 | €4,648 | €2,044 | -€2,605 | -56.0% |
| Total equity and liabilities | 10/49 | €166,057 | €216,624 | +€50,567 | +30.5% |
| Equity | 10/15 | €151,732 | €178,347 | +€26,615 | +17.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €87,460 | €106,460 | +€19,000 | +21.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €85,600 | €104,600 | +€19,000 | +22.2% |
| Profit (loss) carried forward | 14 | €45,672 | €53,287 | +€7,615 | +16.7% |
| Amounts payable | 17/49 | €14,325 | €38,277 | +€23,952 | +167.2% |
| Amounts payable within one year | 42/48 | €14,325 | €38,277 | +€23,952 | +167.2% |
| Current portion of amounts payable after more than one year | 42 | €2,250 | €2,000 | -€250 | -11.1% |
| Trade debts | 44 | €350 | €1,336 | +€986 | +281.8% |
| Suppliers | 440/4 | €350 | €1,336 | +€986 | +281.8% |
| Taxes, remuneration and social security | 45 | €11,725 | €23,941 | +€12,216 | +104.2% |
| Taxes | 450/3 | €11,725 | €23,941 | +€12,216 | +104.2% |
| Other amounts payable | 47/48 | - | €11,000 | +€11,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,980 | €6,901 | -€79 | -1.1% |
| Other operating charges | 640/8 | €618 | €1,431 | +€813 | +131.6% |
| Gross operating margin | 9900 | €57,929 | €60,595 | +€2,666 | +4.6% |
| Operating profit (loss) | 9901 | €50,331 | €52,263 | +€1,932 | +3.8% |
| Financial income | 75/76B | €3,114 | €4,398 | +€1,284 | +41.2% |
| Recurring financial income | 75 | €3,114 | €4,398 | +€1,284 | +41.2% |
| Financial charges | 65/66B | €1,078 | €830 | -€248 | -23.0% |
| Recurring financial charges | 65 | €1,078 | €830 | -€248 | -23.0% |
| Profit (loss) for the period before taxes | 9903 | €52,367 | €55,831 | +€3,464 | +6.6% |
| Income taxes | 67/77 | €17,725 | €18,216 | +€490 | +2.8% |
| Profit (loss) for the period | 9904 | €34,642 | €37,615 | +€2,973 | +8.6% |
| Profit (loss) for the period to be appropriated | 9905 | €34,642 | €37,615 | +€2,973 | +8.6% |
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.