GALACTIC: 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.
What changed
GALACTIC
NACE 20.140, Manufacture of chemicals and chemical products
fiscal year 2025 against 2026filed annual accounts (NBB)
Net result for the year
-€1.7m
2025 · €394,400-€2.1m
Equity
€22.0m
2025 · €23.4m-€1.4m
Cash
€676,833
2025 · €729,873-€53,040
Balance sheet total
€48.6m
2025 · €49.1m-€555,544
Largest movements
Assets
- Receivables within one year -€2.7m
down €2.7m (-22.4%), from €12.0m to €9.3m
of which Trade receivables: -€2.6m
- Tangible fixed assets +€1.4m
up €1.4m (+18.1%), from €7.7m to €9.1m
of which Plant, machinery and equipment: +€1.9m
- Stocks and contracts +€809,935
up €809,935 (+4.1%), from €19.9m to €20.7m
Equity and liabilities
- Profit (loss) carried forward -€1.7m
down €1.7m (-23.1%), from €7.2m to €5.6m
- Short-term financial debts +€1.4m
up €1.4m (+13.9%), from €9.8m to €11.2m
- Accrued charges and deferred income -€1.2m
down €1.2m (-60.4%), from €2.0m to €773,277
- Trade debts +€1.1m
up €1.1m (+18.1%), from €5.9m to €7.0m
of which Suppliers: +€1.1m
- Provisions -€602,244
no longer reported in 2026 (was €602,244)
Income statement
- Turnover -€5.0m
down €5.0m (-9.0%), from €55.1m to €50.2m
- Goods and materials -€3.6m
down €3.6m (-12.0%), from €30.0m to €26.4m
of which Purchases: -€4.6m
- Provisions -€790,353
down €790,353, from €188,109 to -€602,244
- Other operating income +€659,453
up €659,453 (+40.7%), from €1.6m to €2.3m
From the 2025 result to the 2026 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.
Result 2025
€394,400
Turnover
-€5.0m
Other operating income
+€659,453
Goods and materials
+€3.6m
Services and other goods
+€174,781
Staff costs
-€420,327
Depreciation
-€44,149
Provisions
+€790,353
Other operating charges
+€17,102
Other operating items
-€1.3m
Financial income
-€262,502
Financial charges
-€194,809
Taxes
-€71,783
Result 2026
-€1.7m
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€1.1m
Investment
-€2.9m
Financing
+€1.8m
Cash 2025
€729,873
From operations (derived)
+€1.1m
Net result for the year
-€1.7m
Depreciation
+€1.4m
Stocks and contracts
-€809,935
Receivables within one year
+€2.7m
Deferred charges and accrued income
+€167,815
Provisions
-€602,244
Trade debts
+€1.1m
Tax, wage and social debts
+€306,421
Advances received
-€237,750
Accrued charges and deferred income
-€1.2m
Investment (derived)
-€2.9m
Investment in fixed assets (net)
-€2.9m
Financing
+€1.8m
Debts after one year
-€264,867
Current portion of long-term debt
+€416,107
Short-term financial debts
+€1.4m
Contributions, distributions and other
+€245,227
Cash 2026
€676,833
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €49,135,078 | €48,579,534 | -€555,544 | -1.1% |
| Fixed assets | 21/28 | €16,019,086 | €17,571,581 | +€1.6m | +9.7% |
| Intangible fixed assets | 21 | €21,063 | €36,280 | +€15,216 | +72.2% |
| Tangible fixed assets | 22/27 | €7,678,510 | €9,068,697 | +€1.4m | +18.1% |
| Land and buildings | 22 | €1,117,944 | €1,110,548 | -€7,396 | -0.7% |
| Plant, machinery and equipment | 23 | €4,681,352 | €6,622,929 | +€1.9m | +41.5% |
| Furniture and vehicles | 24 | €308,343 | €267,443 | -€40,900 | -13.3% |
| Leasing and similar rights | 25 | €25,253 | €49,230 | +€23,977 | +94.9% |
| Other tangible fixed assets | 26 | €464,726 | €841,173 | +€376,447 | +81.0% |
| Assets under construction and advance payments | 27 | €1,080,892 | €177,374 | -€903,517 | -83.6% |
| Financial fixed assets | 28 | €8,319,513 | €8,466,604 | +€147,091 | +1.8% |
| Affiliated companies | 280/1 | €8,298,671 | €8,437,671 | +€139,000 | +1.7% |
| Participating interests | 280 | €8,298,671 | €8,437,671 | +€139,000 | +1.7% |
| Other financial fixed assets | 284/8 | €20,842 | €28,933 | +€8,091 | +38.8% |
| Amounts receivable and cash guarantees | 285/8 | €20,842 | €28,933 | +€8,091 | +38.8% |
| Current assets | 29/58 | €33,115,992 | €31,007,953 | -€2.1m | -6.4% |
| Stocks and contracts in progress | 3 | €19,877,484 | €20,687,419 | +€809,935 | +4.1% |
| Stocks | 30/36 | €19,877,484 | €20,687,419 | +€809,935 | +4.1% |
| Raw materials and consumables | 30/31 | €9,924,873 | €9,194,523 | -€730,351 | -7.4% |
| Work in progress | 32 | €1,180,426 | €970,627 | -€209,799 | -17.8% |
| Finished goods | 33 | €8,772,184 | €10,522,269 | +€1.8m | +20.0% |
| Amounts receivable within one year | 40/41 | €12,040,028 | €9,342,909 | -€2.7m | -22.4% |
| Trade receivables | 40 | €11,476,950 | €8,841,982 | -€2.6m | -23.0% |
| Other amounts receivable | 41 | €563,078 | €500,927 | -€62,151 | -11.0% |
| Cash at bank and in hand | 54/58 | €729,873 | €676,833 | -€53,040 | -7.3% |
| Deferred charges and accrued income | 490/1 | €468,608 | €300,792 | -€167,815 | -35.8% |
| Total equity and liabilities | 10/49 | €49,135,078 | €48,579,534 | -€555,544 | -1.1% |
| Equity | 10/15 | €23,397,951 | €21,969,895 | -€1.4m | -6.1% |
| Contributions | 10/11 | €14,525,642 | €14,725,642 | +€200,000 | +1.4% |
| Capital | 10 | €14,525,642 | €14,725,642 | +€200,000 | +1.4% |
| Issued capital | 100 | €14,525,642 | €14,725,642 | +€200,000 | +1.4% |
| Reserves | 13 | €1,629,169 | €1,629,169 | = | 0.0% |
| Non-distributable reserves | 130/1 | €930,335 | €930,335 | = | 0.0% |
| Legal reserve | 130 | €929,727 | €929,727 | = | 0.0% |
| Other | 1319 | €608 | €608 | = | 0.0% |
| Tax-exempt reserves | 132 | €688,121 | - | -€688,121 | |
| Distributable reserves | 133 | €10,713 | €698,834 | +€688,121 | +6423.1% |
| Profit (loss) carried forward | 14 | €7,236,705 | €5,563,422 | -€1.7m | -23.1% |
| Investment grants | 15 | €6,434 | €51,661 | +€45,227 | +702.9% |
| Provisions and deferred taxes | 16 | €602,244 | - | -€602,244 | |
| Provisions for liabilities and charges | 160/5 | €602,244 | - | -€602,244 | |
| Major repairs and maintenance | 162 | €302,244 | - | -€302,244 | |
| Other liabilities and charges | 164/5 | €300,000 | - | -€300,000 | |
| Amounts payable | 17/49 | €25,134,883 | €26,609,639 | +€1.5m | +5.9% |
| Amounts payable after more than one year | 17 | €4,169,853 | €3,904,986 | -€264,867 | -6.4% |
| Financial debts | 170/4 | €4,169,853 | €3,904,986 | -€264,867 | -6.4% |
| Leasing and similar obligations | 172 | €14,026 | €38,414 | +€24,389 | +173.9% |
| Credit institutions | 173 | €4,057,703 | €3,848,447 | -€209,255 | -5.2% |
| Other loans | 174 | €98,125 | €18,125 | -€80,000 | -81.5% |
| Amounts payable within one year | 42/48 | €19,010,431 | €21,931,375 | +€2.9m | +15.4% |
| Current portion of amounts payable after more than one year | 42 | €1,059,243 | €1,475,350 | +€416,107 | +39.3% |
| Financial debts | 43 | €9,816,416 | €11,181,965 | +€1.4m | +13.9% |
| Credit institutions | 430/8 | €9,816,416 | €11,181,965 | +€1.4m | +13.9% |
| Trade debts | 44 | €5,909,717 | €6,980,332 | +€1.1m | +18.1% |
| Suppliers | 440/4 | €5,901,349 | €6,980,332 | +€1.1m | +18.3% |
| Bills of exchange payable | 441 | €8,367 | - | -€8,367 | |
| Advances received on contracts in progress | 46 | €263,283 | €25,533 | -€237,750 | -90.3% |
| Taxes, remuneration and social security | 45 | €1,961,773 | €2,268,194 | +€306,421 | +15.6% |
| Taxes | 450/3 | €51,772 | €56,207 | +€4,435 | +8.6% |
| Remuneration and social security | 454/9 | €1,910,001 | €2,211,987 | +€301,986 | +15.8% |
| Accrued charges and deferred income | 492/3 | €1,954,599 | €773,277 | -€1.2m | -60.4% |
| Operating income | 70/76A | €59,691,489 | €54,009,475 | -€5.7m | -9.5% |
| Turnover | 70 | €55,124,531 | €50,153,359 | -€5.0m | -9.0% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €2,914,133 | €1,540,286 | -€1.4m | -47.1% |
| Own construction capitalised | 72 | €18,607 | €23,877 | +€5,270 | +28.3% |
| Other operating income | 74 | €1,619,889 | €2,279,341 | +€659,453 | +40.7% |
| Non-recurring operating income | 76A | €14,329 | €12,611 | -€1,718 | -12.0% |
| Operating charges | 60/66A | €60,377,508 | €56,234,083 | -€4.1m | -6.9% |
| Goods for resale, raw materials and consumables | 60 | €29,968,902 | €26,366,208 | -€3.6m | -12.0% |
| Purchases | 600/8 | €30,227,722 | €25,635,857 | -€4.6m | -15.2% |
| Change in stocks: decrease (increase) | 609 | -€258,821 | €730,351 | +€989,171 | |
| Services and other goods | 61 | €16,517,389 | €16,342,608 | -€174,781 | -1.1% |
| Remuneration, social security and pensions | 62 | €11,758,428 | €12,178,755 | +€420,327 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,347,778 | €1,391,927 | +€44,149 | +3.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €188,109 | -€602,244 | -€790,353 | |
| Other operating charges | 640/8 | €573,932 | €556,830 | -€17,102 | -3.0% |
| Non-recurring operating charges | 66A | €22,970 | - | -€22,970 | |
| Operating profit (loss) | 9901 | -€686,019 | -€2,224,609 | -€1.5m | -224.3% |
| Financial income | 75/76B | €2,412,537 | €2,150,035 | -€262,502 | -10.9% |
| Recurring financial income | 75 | €2,412,537 | €2,150,035 | -€262,502 | -10.9% |
| Income from financial fixed assets | 750 | €1,902,977 | €1,973,886 | +€70,908 | +3.7% |
| Income from current assets | 751 | €24,688 | €6,633 | -€18,055 | -73.1% |
| Other financial income | 752/9 | €484,872 | €169,517 | -€315,355 | -65.0% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €1,290,843 | €1,485,653 | +€194,809 | +15.1% |
| Recurring financial charges | 65 | €1,290,843 | €1,435,653 | +€144,809 | +11.2% |
| Debt charges | 650 | €573,508 | €582,004 | +€8,497 | +1.5% |
| Other financial charges | 652/9 | €717,336 | €853,648 | +€136,312 | +19.0% |
| Non-recurring financial charges | 66B | - | €50,000 | +€50,000 | |
| Profit (loss) for the period before taxes | 9903 | €435,674 | -€1,560,226 | -€2.0m | |
| Income taxes | 67/77 | €41,274 | €113,057 | +€71,783 | +173.9% |
| Taxes | 670/3 | €103,291 | €113,057 | +€9,766 | +9.5% |
| Tax adjustments and reversals of tax provisions | 77 | €62,017 | - | -€62,017 | |
| Profit (loss) for the period | 9904 | €394,400 | -€1,673,283 | -€2.1m | |
| Transfer from tax-exempt reserves | 789 | - | €688,121 | +€688,121 | |
| Profit (loss) for the period to be appropriated | 9905 | €394,400 | -€985,162 | -€1.4m |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.