GAL NOR: 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.
GAL NOR
Largest movements
- Tangible fixed assets -€7,066
no longer reported in 2025 (was €7,066)
- Receivables within one year -€5,098
down €5,098 (-24.2%), from €21,087 to €15,989
of which Other amounts receivable: -€5,098
- Profit (loss) carried forward -€7,066
down €7,066, from €3,393 to -€3,673
- Trade debts -€5,121
down €5,121 (-28.2%), from €18,165 to €13,044
- Other operating charges +€6,968
up €6,968 (+7139.8%), from €98 to €7,066
- Gross operating margin -€4,713
no longer reported in 2025 (was €4,713)
- Taxes -€848
no longer reported in 2025 (was €848)
- Financial charges -€374
no longer reported in 2025 (was €374)
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 | €28,406 | €16,219 | -€12,187 | -42.9% |
| Fixed assets | 21/28 | €7,066 | - | -€7,066 | |
| Tangible fixed assets | 22/27 | €7,066 | - | -€7,066 | |
| Other tangible fixed assets | 26 | €7,066 | - | -€7,066 | |
| Current assets | 29/58 | €21,340 | €16,219 | -€5,121 | -24.0% |
| Stocks and contracts in progress | 3 | €24 | - | -€24 | |
| Stocks | 30/36 | €24 | - | -€24 | |
| Amounts receivable within one year | 40/41 | €21,087 | €15,989 | -€5,098 | -24.2% |
| Trade receivables | 40 | €15,013 | €15,013 | = | 0.0% |
| Other amounts receivable | 41 | €6,074 | €976 | -€5,098 | -83.9% |
| Cash at bank and in hand | 54/58 | €230 | €230 | = | 0.0% |
| Total equity and liabilities | 10/49 | €28,406 | €16,219 | -€12,187 | -42.9% |
| Equity | 10/15 | €9,393 | €2,327 | -€7,066 | -75.2% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,393 | -€3,673 | -€7,066 | |
| Amounts payable | 17/49 | €19,013 | €13,892 | -€5,121 | -26.9% |
| Amounts payable within one year | 42/48 | €19,013 | €13,892 | -€5,121 | -26.9% |
| Trade debts | 44 | €18,165 | €13,044 | -€5,121 | -28.2% |
| Suppliers | 440/4 | €18,165 | €13,044 | -€5,121 | -28.2% |
| Taxes, remuneration and social security | 45 | €848 | €848 | = | 0.0% |
| Taxes | 450/3 | €848 | €848 | = | 0.0% |
| Other operating charges | 640/8 | €98 | €7,066 | +€6,968 | +7139.8% |
| Gross operating margin | 9900 | €4,713 | - | -€4,713 | |
| Operating profit (loss) | 9901 | €4,615 | -€7,066 | -€11,681 | |
| Financial charges | 65/66B | €374 | - | -€374 | |
| Recurring financial charges | 65 | €374 | - | -€374 | |
| Profit (loss) for the period before taxes | 9903 | €4,241 | -€7,066 | -€11,307 | |
| Income taxes | 67/77 | €848 | - | -€848 | |
| Profit (loss) for the period | 9904 | €3,393 | -€7,066 | -€10,459 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,393 | -€7,066 | -€10,459 |
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 4 October 2026 via checked.be.