STUDIO GIFFONI: 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.
STUDIO GIFFONI
Largest movements
- Tangible fixed assets -€12,426
down €12,426 (-26.0%), from €47,872 to €35,445
- Cash +€12,380
up €12,380 (+95.1%), from €13,015 to €25,395
mainly Depreciation (+€12,895) and Net result for the year (+€4,228)
- Deferred charges and accrued income -€1,322
down €1,322 (-82.3%), from €1,607 to €285
- Receivables within one year -€780
down €780 (-68.4%), from €1,140 to €360
of which Trade receivables: -€400
- Debts after one year -€7,406
down €7,406 (-37.5%), from €19,729 to €12,323
- Reserves +€4,200
up €4,200 (+46.7%), from €9,000 to €13,200
- Tax, wage and social debts +€1,392
up €1,392 (+45.7%), from €3,044 to €4,436
- Gross operating margin +€8,524
up €8,524 (+68.0%), from €12,542 to €21,066
- Taxes +€1,472
up €1,472 (+878.6%), from €168 to €1,640
- Depreciation +€1,442
up €1,442 (+12.6%), from €11,453 to €12,895
- Financial charges -€213
down €213 (-15.7%), from €1,355 to €1,142
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 | €64,660 | €63,151 | -€1,509 | -2.3% |
| Fixed assets | 21/28 | €48,898 | €37,112 | -€11,786 | -24.1% |
| Tangible fixed assets | 22/27 | €47,872 | €35,445 | -€12,426 | -26.0% |
| Furniture and vehicles | 24 | €47,872 | €35,445 | -€12,426 | -26.0% |
| Financial fixed assets | 28 | €1,026 | €1,666 | +€640 | +62.4% |
| Current assets | 29/58 | €15,762 | €26,040 | +€10,278 | +65.2% |
| Amounts receivable within one year | 40/41 | €1,140 | €360 | -€780 | -68.4% |
| Trade receivables | 40 | €400 | - | -€400 | |
| Other amounts receivable | 41 | €740 | €360 | -€380 | -51.3% |
| Cash at bank and in hand | 54/58 | €13,015 | €25,395 | +€12,380 | +95.1% |
| Deferred charges and accrued income | 490/1 | €1,607 | €285 | -€1,322 | -82.3% |
| Total equity and liabilities | 10/49 | €64,660 | €63,151 | -€1,509 | -2.3% |
| Equity | 10/15 | €28,048 | €32,277 | +€4,228 | +15.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €9,000 | €13,200 | +€4,200 | +46.7% |
| Distributable reserves | 133 | €9,000 | €13,200 | +€4,200 | +46.7% |
| Profit (loss) carried forward | 14 | €456 | €485 | +€28 | +6.2% |
| Amounts payable | 17/49 | €36,611 | €30,874 | -€5,737 | -15.7% |
| Amounts payable after more than one year | 17 | €19,729 | €12,323 | -€7,406 | -37.5% |
| Financial debts | 170/4 | €19,729 | €12,323 | -€7,406 | -37.5% |
| Amounts payable within one year | 42/48 | €16,883 | €18,551 | +€1,669 | +9.9% |
| Current portion of amounts payable after more than one year | 42 | €7,113 | €7,406 | +€293 | +4.1% |
| Trade debts | 44 | €1,271 | €1,254 | -€16 | -1.3% |
| Suppliers | 440/4 | €1,271 | €1,254 | -€16 | -1.3% |
| Taxes, remuneration and social security | 45 | €3,044 | €4,436 | +€1,392 | +45.7% |
| Taxes | 450/3 | €3,044 | €4,436 | +€1,392 | +45.7% |
| Other amounts payable | 47/48 | €5,455 | €5,455 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,453 | €12,895 | +€1,442 | +12.6% |
| Other operating charges | 640/8 | €1,022 | €1,167 | +€146 | +14.3% |
| Gross operating margin | 9900 | €12,542 | €21,066 | +€8,524 | +68.0% |
| Operating profit (loss) | 9901 | €67 | €7,003 | +€6,936 | +10418.2% |
| Financial income | 75/76B | - | €7 | +€7 | |
| Recurring financial income | 75 | - | €7 | +€7 | |
| Financial charges | 65/66B | €1,355 | €1,142 | -€213 | -15.7% |
| Recurring financial charges | 65 | €1,355 | €1,142 | -€213 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,288 | €5,868 | +€7,156 | |
| Income taxes | 67/77 | €168 | €1,640 | +€1,472 | +878.6% |
| Profit (loss) for the period | 9904 | -€1,456 | €4,228 | +€5,684 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,456 | €4,228 | +€5,684 |
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 3 October 2026 via checked.be.