CD GALOPIN: 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.
CD GALOPIN
Largest movements
- Cash +€62,107
up €62,107 (+214.4%), from €28,966 to €91,073
mainly Other debts (+€25,881) and Net result for the year (+€20,145)
- Tangible fixed assets -€17,863
down €17,863 (-23.4%), from €76,253 to €58,390
of which Furniture and vehicles: -€9,799
- Other debts +€25,881
up €25,881 (+122.6%), from €21,115 to €46,997
- Profit (loss) carried forward +€20,145
up €20,145 (+25.6%), from €78,709 to €98,854
- Debts after one year -€16,408
down €16,408 (-29.7%), from €55,190 to €38,782
- Tax, wage and social debts +€11,408
new in 2025: €11,408
- Trade debts +€3,308
up €3,308 (+95.9%), from €3,450 to €6,758
- Gross operating margin -€40,864
down €40,864 (-33.6%), from €121,572 to €80,708
- Taxes +€16,258
up €16,258 (+80.7%), from €20,150 to €36,408
- Depreciation +€2,077
up €2,077 (+11.9%), from €17,424 to €19,501
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 | €177,463 | €221,707 | +€44,243 | +24.9% |
| Fixed assets | 21/28 | €76,253 | €58,390 | -€17,863 | -23.4% |
| Tangible fixed assets | 22/27 | €76,253 | €58,390 | -€17,863 | -23.4% |
| Plant, machinery and equipment | 23 | €36,123 | €28,059 | -€8,064 | -22.3% |
| Furniture and vehicles | 24 | €40,130 | €30,331 | -€9,799 | -24.4% |
| Current assets | 29/58 | €101,210 | €163,317 | +€62,107 | +61.4% |
| Amounts receivable within one year | 40/41 | €72,244 | €72,244 | = | 0.0% |
| Trade receivables | 40 | €62,394 | €62,394 | = | 0.0% |
| Other amounts receivable | 41 | €9,850 | €9,850 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €28,966 | €91,073 | +€62,107 | +214.4% |
| Total equity and liabilities | 10/49 | €177,463 | €221,707 | +€44,243 | +24.9% |
| Equity | 10/15 | €81,209 | €101,354 | +€20,145 | +24.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Contributions outside capital | 11 | €2,500 | - | -€2,500 | |
| Other | 1109/19 | €2,500 | - | -€2,500 | |
| Profit (loss) carried forward | 14 | €78,709 | €98,854 | +€20,145 | +25.6% |
| Amounts payable | 17/49 | €96,254 | €120,353 | +€24,098 | +25.0% |
| Amounts payable after more than one year | 17 | €55,190 | €38,782 | -€16,408 | -29.7% |
| Financial debts | 170/4 | €55,190 | €38,782 | -€16,408 | -29.7% |
| Amounts payable within one year | 42/48 | €41,065 | €81,571 | +€40,506 | +98.6% |
| Current portion of amounts payable after more than one year | 42 | €16,499 | €16,408 | -€92 | -0.6% |
| Trade debts | 44 | €3,450 | €6,758 | +€3,308 | +95.9% |
| Suppliers | 440/4 | €3,450 | €6,758 | +€3,308 | +95.9% |
| Taxes, remuneration and social security | 45 | - | €11,408 | +€11,408 | |
| Taxes | 450/3 | - | €11,408 | +€11,408 | |
| Other amounts payable | 47/48 | €21,115 | €46,997 | +€25,881 | +122.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,424 | €19,501 | +€2,077 | +11.9% |
| Other operating charges | 640/8 | €2,127 | €2,031 | -€96 | -4.5% |
| Gross operating margin | 9900 | €121,572 | €80,708 | -€40,864 | -33.6% |
| Operating profit (loss) | 9901 | €102,021 | €59,176 | -€42,845 | -42.0% |
| Financial income | 75/76B | €0 | €0 | -€0 | -93.3% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -93.3% |
| Financial charges | 65/66B | €3,162 | €2,623 | -€539 | -17.0% |
| Recurring financial charges | 65 | €3,162 | €2,623 | -€539 | -17.0% |
| Profit (loss) for the period before taxes | 9903 | €98,859 | €56,553 | -€42,306 | -42.8% |
| Income taxes | 67/77 | €20,150 | €36,408 | +€16,258 | +80.7% |
| Profit (loss) for the period | 9904 | €78,709 | €20,145 | -€58,564 | -74.4% |
| Transfer from tax-exempt reserves | 789 | - | €0 | = | |
| Profit (loss) for the period to be appropriated | 9905 | €78,709 | €20,145 | -€58,564 | -74.4% |
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 12 October 2026 via checked.be.