GIUSTE: 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.
GIUSTE
Largest movements
- Tangible fixed assets +€91,142
up €91,142 (+180.4%), from €50,528 to €141,670
- Cash +€13,337
up €13,337 (+1130.9%), from €1,179 to €14,517
mainly Debts after one year (+€68,030) and Net result for the year (+€20,004)
- Receivables within one year -€11,430
down €11,430 (-3.2%), from €352,659 to €341,228
- Debts after one year +€68,030
up €68,030 (+10.2%), from €666,719 to €734,749
of which Other amounts payable: +€734,749
- Profit (loss) carried forward +€20,004
up €20,004 (+19.3%), from €103,604 to €123,609
- Financial charges +€18,263
up €18,263 (+835.8%), from €2,185 to €20,449
- Depreciation -€9,948
down €9,948 (-79.3%), from €12,543 to €2,595
- Financial income +€6,613
new in 2025: €6,613
- Taxes -€3,601
down €3,601 (-50.4%), from €7,144 to €3,544
- Other operating charges +€1,160
up €1,160 (+299.5%), from €387 to €1,548
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 | €869,366 | €962,415 | +€93,049 | +10.7% |
| Fixed assets | 21/28 | €515,528 | €606,670 | +€91,142 | +17.7% |
| Tangible fixed assets | 22/27 | €50,528 | €141,670 | +€91,142 | +180.4% |
| Land and buildings | 22 | €50,528 | €141,670 | +€91,142 | +180.4% |
| Financial fixed assets | 28 | €465,000 | €465,000 | = | 0.0% |
| Current assets | 29/58 | €353,838 | €355,745 | +€1,907 | +0.5% |
| Amounts receivable within one year | 40/41 | €352,659 | €341,228 | -€11,430 | -3.2% |
| Other amounts receivable | 41 | €352,659 | €341,228 | -€11,430 | -3.2% |
| Cash at bank and in hand | 54/58 | €1,179 | €14,517 | +€13,337 | +1130.9% |
| Total equity and liabilities | 10/49 | €869,366 | €962,415 | +€93,049 | +10.7% |
| Equity | 10/15 | €165,604 | €185,609 | +€20,004 | +12.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €103,604 | €123,609 | +€20,004 | +19.3% |
| Amounts payable | 17/49 | €703,762 | €776,806 | +€73,044 | +10.4% |
| Amounts payable after more than one year | 17 | €666,719 | €734,749 | +€68,030 | +10.2% |
| Financial debts | 170/4 | €666,719 | - | -€666,719 | |
| Other amounts payable | 178/9 | - | €734,749 | +€734,749 | |
| Amounts payable within one year | 42/48 | €37,042 | €42,057 | +€5,014 | +13.5% |
| Current portion of amounts payable after more than one year | 42 | €29,898 | €26,111 | -€3,787 | -12.7% |
| Trade debts | 44 | - | €8,802 | +€8,802 | |
| Suppliers | 440/4 | - | €8,802 | +€8,802 | |
| Taxes, remuneration and social security | 45 | €7,144 | €7,144 | = | 0.0% |
| Taxes | 450/3 | €7,144 | €7,144 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,543 | €2,595 | -€9,948 | -79.3% |
| Other operating charges | 640/8 | €387 | €1,548 | +€1,160 | +299.5% |
| Gross operating margin | 9900 | €41,332 | €41,526 | +€193 | +0.5% |
| Operating profit (loss) | 9901 | €28,402 | €37,383 | +€8,981 | +31.6% |
| Financial income | 75/76B | - | €6,613 | +€6,613 | |
| Recurring financial income | 75 | - | €6,613 | +€6,613 | |
| Financial charges | 65/66B | €2,185 | €20,449 | +€18,263 | +835.8% |
| Recurring financial charges | 65 | €2,185 | €20,449 | +€18,263 | +835.8% |
| Profit (loss) for the period before taxes | 9903 | €26,217 | €23,548 | -€2,669 | -10.2% |
| Income taxes | 67/77 | €7,144 | €3,544 | -€3,601 | -50.4% |
| Profit (loss) for the period | 9904 | €19,073 | €20,004 | +€932 | +4.9% |
| Profit (loss) for the period to be appropriated | 9905 | €19,073 | €20,004 | +€932 | +4.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.