Dr XAVIER GALLOO: 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.
Dr XAVIER GALLOO
Largest movements
- Cash +€66,516
up €66,516 (+410%), from €16,222 to €82,738
mainly Net result for the year (+€55,895) and Tax, wage and social debts (+€14,295)
- Tangible fixed assets +€1,515
new in 2025: €1,515
- Reserves +€55,062
up €55,062 (+237%), from €23,197 to €78,259
- Tax, wage and social debts +€14,295
up €14,295 (+234%), from €6,115 to €20,409
- Trade debts -€1,930
down €1,930 (-100%), from €1,930 to €0
- Gross operating margin +€41,384
up €41,384 (+141%), from €29,321 to €70,705
- Taxes +€8,180
up €8,180 (+134%), from €6,115 to €14,295
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 | €36,645 | €103,851 | +€67,206 | +183% |
| Fixed assets | 21/28 | - | €1,515 | +€1,515 | |
| Tangible fixed assets | 22/27 | - | €1,515 | +€1,515 | |
| Furniture and vehicles | 24 | - | €1,515 | +€1,515 | |
| Current assets | 29/58 | €36,645 | €102,336 | +€65,691 | +179% |
| Amounts receivable within one year | 40/41 | €20,423 | €19,598 | -€825 | -4.0% |
| Trade receivables | 40 | €20,423 | €19,598 | -€825 | -4.0% |
| Cash at bank and in hand | 54/58 | €16,222 | €82,738 | +€66,516 | +410% |
| Total equity and liabilities | 10/49 | €36,645 | €103,851 | +€67,206 | +183% |
| Equity | 10/15 | €24,197 | €79,259 | +€55,062 | +228% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €23,197 | €78,259 | +€55,062 | +237% |
| Distributable reserves | 133 | €23,197 | €78,259 | +€55,062 | +237% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €12,448 | €24,592 | +€12,144 | +97.6% |
| Amounts payable within one year | 42/48 | €12,448 | €24,592 | +€12,144 | +97.6% |
| Trade debts | 44 | €1,930 | €0 | -€1,930 | -100% |
| Suppliers | 440/4 | €1,930 | €0 | -€1,930 | -100% |
| Taxes, remuneration and social security | 45 | €6,115 | €20,409 | +€14,295 | +234% |
| Taxes | 450/3 | €6,115 | €20,409 | +€14,295 | +234% |
| Other amounts payable | 47/48 | €4,402 | €4,182 | -€220 | -5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €484 | +€484 | |
| Gross operating margin | 9900 | €29,321 | €70,705 | +€41,384 | +141% |
| Operating profit (loss) | 9901 | €29,321 | €70,221 | +€40,900 | +139% |
| Financial charges | 65/66B | €9 | €31 | +€22 | +254% |
| Recurring financial charges | 65 | €9 | €31 | +€22 | +254% |
| Profit (loss) for the period before taxes | 9903 | €29,312 | €70,190 | +€40,878 | +139% |
| Income taxes | 67/77 | €6,115 | €14,295 | +€8,180 | +134% |
| Profit (loss) for the period | 9904 | €23,197 | €55,895 | +€32,698 | +141% |
| Profit (loss) for the period to be appropriated | 9905 | €23,197 | €55,895 | +€32,698 | +141% |
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 16 October 2026 via checked.be.