G.A.L.A.: 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.
G.A.L.A.
Largest movements
- Cash -€19,254
down €19,254 (-82.3%), from €23,402 to €4,148
mainly Net result for the year (-€17,008) and Current portion of long-term debt (-€11,029)
- Tangible fixed assets -€10,539
down €10,539 (-28.8%), from €36,545 to €26,007
of which Furniture and vehicles: -€9,475
- Profit (loss) carried forward -€17,008
down €17,008 (-33.2%), from €51,163 to €34,155
- Current portion of long-term debt -€11,029
down €11,029 (-86.0%), from €12,825 to €1,796
- Debts after one year -€3,472
down €3,472 (-26.3%), from €13,224 to €9,752
- Gross operating margin -€105,050
down €105,050, from €100,149 to -€4,901
- Staff costs -€61,695
no longer reported in 2025 (was €61,695)
- Taxes -€5,606
no longer reported in 2025 (was €5,606)
- Financial income -€3,715
down €3,715 (-94.6%), from €3,926 to €211
of which Non-recurring financial income: -€3,908
- Financial charges -€2,828
down €2,828 (-88.5%), from €3,196 to €368
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 | €158,840 | €127,328 | -€31,512 | -19.8% |
| Fixed assets | 21/28 | €37,373 | €26,835 | -€10,539 | -28.2% |
| Tangible fixed assets | 22/27 | €36,545 | €26,007 | -€10,539 | -28.8% |
| Plant, machinery and equipment | 23 | €1,143 | €349 | -€794 | -69.4% |
| Furniture and vehicles | 24 | €34,661 | €25,186 | -€9,475 | -27.3% |
| Other tangible fixed assets | 26 | €741 | €471 | -€270 | -36.4% |
| Financial fixed assets | 28 | €828 | €828 | = | 0.0% |
| Current assets | 29/58 | €121,467 | €100,494 | -€20,973 | -17.3% |
| Amounts receivable within one year | 40/41 | €97,341 | €96,346 | -€996 | -1.0% |
| Trade receivables | 40 | €48,739 | €46,641 | -€2,098 | -4.3% |
| Other amounts receivable | 41 | €48,602 | €49,705 | +€1,102 | +2.3% |
| Cash at bank and in hand | 54/58 | €23,402 | €4,148 | -€19,254 | -82.3% |
| Deferred charges and accrued income | 490/1 | €723 | - | -€723 | |
| Total equity and liabilities | 10/49 | €158,840 | €127,328 | -€31,512 | -19.8% |
| Equity | 10/15 | €116,214 | €99,206 | -€17,008 | -14.6% |
| Contributions | 10/11 | €16,400 | €16,400 | = | 0.0% |
| Reserves | 13 | €48,651 | €48,651 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €48,651 | +€46,791 | +2,516% |
| Reserves not available under the articles | 1311 | €1,860 | €48,651 | +€46,791 | +2,516% |
| Distributable reserves | 133 | €46,791 | - | -€46,791 | |
| Profit (loss) carried forward | 14 | €51,163 | €34,155 | -€17,008 | -33.2% |
| Amounts payable | 17/49 | €42,626 | €28,122 | -€14,504 | -34.0% |
| Amounts payable after more than one year | 17 | €13,224 | €9,752 | -€3,472 | -26.3% |
| Financial debts | 170/4 | €13,224 | €9,752 | -€3,472 | -26.3% |
| Amounts payable within one year | 42/48 | €16,535 | €5,503 | -€11,032 | -66.7% |
| Current portion of amounts payable after more than one year | 42 | €12,825 | €1,796 | -€11,029 | -86.0% |
| Taxes, remuneration and social security | 45 | €3,711 | €3,707 | -€3 | -0.1% |
| Taxes | 450/3 | €1,660 | €1,660 | = | 0.0% |
| Remuneration and social security | 454/9 | €2,051 | €2,048 | -€3 | -0.2% |
| Accrued charges and deferred income | 492/3 | €12,867 | €12,867 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €61,695 | - | -€61,695 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,007 | €11,394 | +€387 | +3.5% |
| Other operating charges | 640/8 | €781 | €557 | -€225 | -28.8% |
| Gross operating margin | 9900 | €100,149 | -€4,901 | -€105,050 | |
| Operating profit (loss) | 9901 | €26,667 | -€16,851 | -€43,518 | |
| Financial income | 75/76B | €3,926 | €211 | -€3,715 | -94.6% |
| Recurring financial income | 75 | €17 | €211 | +€193 | +1,117% |
| Non-recurring financial income | 76B | €3,908 | - | -€3,908 | |
| Financial charges | 65/66B | €3,196 | €368 | -€2,828 | -88.5% |
| Recurring financial charges | 65 | €3,196 | €368 | -€2,828 | -88.5% |
| Profit (loss) for the period before taxes | 9903 | €27,396 | -€17,008 | -€44,404 | |
| Income taxes | 67/77 | €5,606 | - | -€5,606 | |
| Profit (loss) for the period | 9904 | €21,791 | -€17,008 | -€38,799 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,791 | -€17,008 | -€38,799 |
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 25 October 2026 via checked.be.