GULISANO: 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.
GULISANO
Largest movements
- Cash +€4,589
up €4,589 (+6.3%), from €73,356 to €77,946
mainly Stocks and contracts (+€3,417) and Net result for the year (+€2,110)
- Stocks and contracts -€3,417
down €3,417 (-23.8%), from €14,379 to €10,962
- Receivables within one year +€1,745
up €1,745 (+226%), from €771 to €2,516
of which Trade receivables: +€1,438
- Profit (loss) carried forward +€2,110
up €2,110 (+7.0%), from -€30,220 to -€28,110
- Gross operating margin -€33,561
down €33,561 (-86.4%), from €38,824 to €5,263
- Depreciation -€2,218
down €2,218 (-69.9%), from €3,174 to €955
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 | €111,965 | €114,138 | +€2,173 | +1.9% |
| Fixed assets | 21/28 | €22,020 | €21,065 | -€955 | -4.3% |
| Tangible fixed assets | 22/27 | €22,020 | €21,065 | -€955 | -4.3% |
| Land and buildings | 22 | €19,831 | €19,831 | = | 0.0% |
| Plant, machinery and equipment | 23 | €2,141 | €1,233 | -€907 | -42.4% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €48 | €0 | -€48 | -100% |
| Current assets | 29/58 | €89,945 | €93,073 | +€3,129 | +3.5% |
| Stocks and contracts in progress | 3 | €14,379 | €10,962 | -€3,417 | -23.8% |
| Stocks | 30/36 | €14,379 | €10,962 | -€3,417 | -23.8% |
| Amounts receivable within one year | 40/41 | €771 | €2,516 | +€1,745 | +226% |
| Trade receivables | 40 | €763 | €2,201 | +€1,438 | +188% |
| Other amounts receivable | 41 | €8 | €316 | +€307 | +3,744% |
| Cash at bank and in hand | 54/58 | €73,356 | €77,946 | +€4,589 | +6.3% |
| Deferred charges and accrued income | 490/1 | €1,438 | €1,649 | +€211 | +14.7% |
| Total equity and liabilities | 10/49 | €111,965 | €114,138 | +€2,173 | +1.9% |
| Equity | 10/15 | €8,730 | €10,840 | +€2,110 | +24.2% |
| Contributions | 10/11 | €32,500 | €32,500 | = | 0.0% |
| Reserves | 13 | €6,450 | €6,450 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,450 | €6,450 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,450 | €6,450 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,220 | -€28,110 | +€2,110 | +7.0% |
| Amounts payable | 17/49 | €103,235 | €103,298 | +€63 | +0.1% |
| Amounts payable within one year | 42/48 | €103,235 | €103,298 | +€63 | +0.1% |
| Trade debts | 44 | €704 | €336 | -€368 | -52.3% |
| Suppliers | 440/4 | €704 | €336 | -€368 | -52.3% |
| Taxes, remuneration and social security | 45 | €516 | - | -€516 | |
| Taxes | 450/3 | €516 | - | -€516 | |
| Other amounts payable | 47/48 | €102,015 | €102,962 | +€947 | +0.9% |
| Remuneration, social security and pensions | 62 | €192 | €100 | -€92 | -47.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,174 | €955 | -€2,218 | -69.9% |
| Other operating charges | 640/8 | €2,224 | €2,008 | -€216 | -9.7% |
| Gross operating margin | 9900 | €38,824 | €5,263 | -€33,561 | -86.4% |
| Operating profit (loss) | 9901 | €33,234 | €2,199 | -€31,034 | -93.4% |
| Financial income | 75/76B | €0 | €1 | +€1 | |
| Recurring financial income | 75 | €0 | €1 | +€1 | |
| Financial charges | 65/66B | €81 | €90 | +€10 | +12.2% |
| Recurring financial charges | 65 | €81 | €90 | +€10 | +12.2% |
| Profit (loss) for the period before taxes | 9903 | €33,153 | €2,110 | -€31,043 | -93.6% |
| Profit (loss) for the period | 9904 | €33,153 | €2,110 | -€31,043 | -93.6% |
| Profit (loss) for the period to be appropriated | 9905 | €33,153 | €2,110 | -€31,043 | -93.6% |
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 29 October 2026 via checked.be.