DE GALOPPADE: 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.
DE GALOPPADE
Largest movements
- Cash +€48,779
up €48,779 (+44.9%), from €108,624 to €157,403
mainly Other debts (+€174,840) and Depreciation (+€64,573)
- Tangible fixed assets -€41,555
down €41,555 (-26.3%), from €157,838 to €116,283
of which Land and buildings: -€34,781
- Intangible fixed assets -€15,000
down €15,000 (-33.3%), from €45,000 to €30,000
- Receivables within one year -€7,045
down €7,045 (-26.8%), from €26,303 to €19,258
of which Other amounts receivable: -€4,743
- Deferred charges and accrued income +€5,607
up €5,607 (+3,329%), from €168 to €5,775
- Other debts +€174,840
up €174,840 (+395%), from €44,283 to €219,124
- Reserves -€128,108
down €128,108 (-100%), from €128,108 to €0
- Debts after one year -€31,365
down €31,365 (-48.6%), from €64,514 to €33,148
- Current portion of long-term debt -€23,913
down €23,913 (-43.3%), from €55,278 to €31,365
- Trade debts -€5,362
down €5,362 (-36.9%), from €14,519 to €9,158
- Gross operating margin +€8,480
up €8,480 (+5.9%), from €143,912 to €152,393
- Staff costs -€7,348
down €7,348 (-17.0%), from €43,290 to €35,942
- Taxes +€3,643
up €3,643 (+51.9%), from €7,024 to €10,668
- Financial charges +€2,465
up €2,465 (+40.8%), from €6,047 to €8,512
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 | €341,072 | €331,575 | -€9,498 | -2.8% |
| Fixed assets | 21/28 | €202,838 | €146,283 | -€56,555 | -27.9% |
| Intangible fixed assets | 21 | €45,000 | €30,000 | -€15,000 | -33.3% |
| Tangible fixed assets | 22/27 | €157,838 | €116,283 | -€41,555 | -26.3% |
| Land and buildings | 22 | €127,190 | €92,409 | -€34,781 | -27.3% |
| Plant, machinery and equipment | 23 | €7,883 | €4,361 | -€3,522 | -44.7% |
| Furniture and vehicles | 24 | €6,921 | €7,721 | +€800 | +11.6% |
| Other tangible fixed assets | 26 | €15,844 | €11,792 | -€4,052 | -25.6% |
| Current assets | 29/58 | €138,234 | €185,292 | +€47,058 | +34.0% |
| Stocks and contracts in progress | 3 | €3,138 | €2,855 | -€283 | -9.0% |
| Stocks | 30/36 | €3,138 | €2,855 | -€283 | -9.0% |
| Amounts receivable within one year | 40/41 | €26,303 | €19,258 | -€7,045 | -26.8% |
| Trade receivables | 40 | €12,073 | €9,772 | -€2,301 | -19.1% |
| Other amounts receivable | 41 | €14,230 | €9,487 | -€4,743 | -33.3% |
| Cash at bank and in hand | 54/58 | €108,624 | €157,403 | +€48,779 | +44.9% |
| Deferred charges and accrued income | 490/1 | €168 | €5,775 | +€5,607 | +3,329% |
| Total equity and liabilities | 10/49 | €341,072 | €331,575 | -€9,498 | -2.8% |
| Equity | 10/15 | €138,108 | €10,000 | -€128,108 | -92.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €128,108 | €0 | -€128,108 | -100% |
| Distributable reserves | 133 | €128,108 | €0 | -€128,108 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €202,964 | €321,575 | +€118,610 | +58.4% |
| Amounts payable after more than one year | 17 | €64,514 | €33,148 | -€31,365 | -48.6% |
| Financial debts | 170/4 | €64,514 | €33,148 | -€31,365 | -48.6% |
| Amounts payable within one year | 42/48 | €134,557 | €283,073 | +€148,516 | +110% |
| Current portion of amounts payable after more than one year | 42 | €55,278 | €31,365 | -€23,913 | -43.3% |
| Trade debts | 44 | €14,519 | €9,158 | -€5,362 | -36.9% |
| Suppliers | 440/4 | €14,519 | €9,158 | -€5,362 | -36.9% |
| Taxes, remuneration and social security | 45 | €20,476 | €23,426 | +€2,950 | +14.4% |
| Taxes | 450/3 | €14,922 | €19,157 | +€4,234 | +28.4% |
| Remuneration and social security | 454/9 | €5,554 | €4,270 | -€1,284 | -23.1% |
| Other amounts payable | 47/48 | €44,283 | €219,124 | +€174,840 | +395% |
| Accrued charges and deferred income | 492/3 | €3,894 | €5,353 | +€1,460 | +37.5% |
| Remuneration, social security and pensions | 62 | €43,290 | €35,942 | -€7,348 | -17.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,356 | €64,573 | +€1,216 | +1.9% |
| Other operating charges | 640/8 | €4,030 | €2,847 | -€1,182 | -29.3% |
| Non-recurring operating charges | 66A | - | €427 | +€427 | |
| Gross operating margin | 9900 | €143,912 | €152,393 | +€8,480 | +5.9% |
| Operating profit (loss) | 9901 | €33,236 | €48,603 | +€15,367 | +46.2% |
| Financial income | 75/76B | €252 | €4 | -€249 | -98.5% |
| Recurring financial income | 75 | €252 | €4 | -€249 | -98.5% |
| Financial charges | 65/66B | €6,047 | €8,512 | +€2,465 | +40.8% |
| Recurring financial charges | 65 | €6,047 | €8,512 | +€2,465 | +40.8% |
| Profit (loss) for the period before taxes | 9903 | €27,442 | €40,095 | +€12,653 | +46.1% |
| Income taxes | 67/77 | €7,024 | €10,668 | +€3,643 | +51.9% |
| Profit (loss) for the period | 9904 | €20,417 | €29,427 | +€9,010 | +44.1% |
| Profit (loss) for the period to be appropriated | 9905 | €20,417 | €29,427 | +€9,010 | +44.1% |
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.