Giusti-Security: 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.
Giusti-Security
Largest movements
- Receivables within one year +€68,870
up €68,870 (+50.6%), from €135,995 to €204,865
of which Trade receivables: +€68,252
- Stocks and contracts -€32,567
down €32,567 (-46.2%), from €70,449 to €37,882
- Tangible fixed assets -€6,960
down €6,960 (-5.3%), from €131,607 to €124,648
of which Furniture and vehicles: -€6,238
- Reserves +€43,574
up €43,574 (+45.5%), from €95,806 to €139,381
of which Distributable reserves: +€43,574
- Other debts +€30,000
new in 2024: €30,000
- Trade debts -€19,618
down €19,618 (-17.6%), from €111,164 to €91,546
- Debts after one year -€17,321
down €17,321 (-36.5%), from €47,474 to €30,153
- Short-term financial debts -€8,266
down €8,266 (-48.6%), from €17,020 to €8,753
- Turnover -€675,040
no longer reported in 2024 (was €675,040)
- Purchases and services -€571,427
no longer reported in 2024 (was €571,427)
- Gross operating margin +€119,590
up €119,590 (+68.4%), from €174,847 to €294,436
- Staff costs +€32,732
up €32,732 (+21.6%), from €151,392 to €184,124
- Taxes +€18,739
up €18,739 (+790.6%), from €2,370 to €21,109
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €359,796 | €388,353 | +€28,557 | +7.9% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €147,545 | €136,855 | -€10,690 | -7.2% |
| Intangible fixed assets | 21 | €15,938 | €12,208 | -€3,730 | -23.4% |
| Tangible fixed assets | 22/27 | €131,607 | €124,648 | -€6,960 | -5.3% |
| Land and buildings | 22 | €118,790 | €118,520 | -€270 | -0.2% |
| Plant, machinery and equipment | 23 | €837 | €558 | -€279 | -33.3% |
| Furniture and vehicles | 24 | €11,161 | €4,923 | -€6,238 | -55.9% |
| Other tangible fixed assets | 26 | €819 | €646 | -€172 | -21.0% |
| Current assets | 29/58 | €212,251 | €251,497 | +€39,246 | +18.5% |
| Stocks and contracts in progress | 3 | €70,449 | €37,882 | -€32,567 | -46.2% |
| Stocks | 30/36 | €70,449 | €37,882 | -€32,567 | -46.2% |
| Amounts receivable within one year | 40/41 | €135,995 | €204,865 | +€68,870 | +50.6% |
| Trade receivables | 40 | €94,065 | €162,316 | +€68,252 | +72.6% |
| Other amounts receivable | 41 | €41,931 | €42,549 | +€618 | +1.5% |
| Cash at bank and in hand | 54/58 | €0 | €1,852 | +€1,852 | |
| Deferred charges and accrued income | 490/1 | €5,807 | €6,898 | +€1,092 | +18.8% |
| Total equity and liabilities | 10/49 | €359,796 | €388,353 | +€28,557 | +7.9% |
| Equity | 10/15 | €115,806 | €159,381 | +€43,574 | +37.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | - | -€20,000 | |
| Issued capital | 100 | €20,000 | - | -€20,000 | |
| Reserves | 13 | €95,806 | €139,381 | +€43,574 | +45.5% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Legal reserve | 130 | €2,000 | - | -€2,000 | |
| Reserves not available under the articles | 1311 | - | €2,000 | +€2,000 | |
| Distributable reserves | 133 | €93,806 | €137,381 | +€43,574 | +46.5% |
| Amounts payable | 17/49 | €243,990 | €228,972 | -€15,018 | -6.2% |
| Amounts payable after more than one year | 17 | €47,474 | €30,153 | -€17,321 | -36.5% |
| Financial debts | 170/4 | €47,474 | €30,153 | -€17,321 | -36.5% |
| Amounts payable within one year | 42/48 | €196,515 | €198,819 | +€2,304 | +1.2% |
| Current portion of amounts payable after more than one year | 42 | €17,321 | €16,704 | -€618 | -3.6% |
| Financial debts | 43 | €17,020 | €8,753 | -€8,266 | -48.6% |
| Credit institutions | 430/8 | €17,020 | €8,753 | -€8,266 | -48.6% |
| Trade debts | 44 | €111,164 | €91,546 | -€19,618 | -17.6% |
| Suppliers | 440/4 | €111,164 | €91,546 | -€19,618 | -17.6% |
| Taxes, remuneration and social security | 45 | €51,010 | €51,816 | +€806 | +1.6% |
| Taxes | 450/3 | €30,007 | €37,389 | +€7,382 | +24.6% |
| Remuneration and social security | 454/9 | €21,003 | €14,427 | -€6,576 | -31.3% |
| Other amounts payable | 47/48 | - | €30,000 | +€30,000 | |
| Turnover | 70 | €675,040 | - | -€675,040 | |
| Goods, raw materials, services and sundry goods | 60/61 | €571,427 | - | -€571,427 | |
| Remuneration, social security and pensions | 62 | €151,392 | €184,124 | +€32,732 | +21.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,165 | €8,898 | -€268 | -2.9% |
| Other operating charges | 640/8 | €825 | €745 | -€80 | -9.7% |
| Non-recurring operating charges | 66A | €166 | €2,203 | +€2,037 | +1226.9% |
| Gross operating margin | 9900 | €174,847 | €294,436 | +€119,590 | +68.4% |
| Operating profit (loss) | 9901 | €13,299 | €98,466 | +€85,168 | +640.4% |
| Financial income | 75/76B | €862 | €2,430 | +€1,567 | +181.8% |
| Recurring financial income | 75 | €862 | €2,430 | +€1,567 | +181.8% |
| Financial charges | 65/66B | €10,175 | €6,213 | -€3,963 | -38.9% |
| Recurring financial charges | 65 | €10,175 | €6,213 | -€3,963 | -38.9% |
| Profit (loss) for the period before taxes | 9903 | €3,986 | €94,683 | +€90,698 | +2275.7% |
| Income taxes | 67/77 | €2,370 | €21,109 | +€18,739 | +790.6% |
| Profit (loss) for the period | 9904 | €1,615 | €73,574 | +€71,959 | +4454.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,615 | €73,574 | +€71,959 | +4454.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.