GALAGE B-CORP: 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.
GALAGE B-CORP
Largest movements
- Cash -€25,808
down €25,808 (-52.4%), from €49,229 to €23,422
mainly Contributions, distributions and other (-€53,000) and Investment in fixed assets (net) (-€21,622)
- Receivables within one year -€13,704
down €13,704 (-34.0%), from €40,303 to €26,599
of which Trade receivables: -€13,635
- Tangible fixed assets +€10,003
up €10,003 (+5.4%), from €186,723 to €196,726
of which Land and buildings: +€5,783
- Debts after one year -€16,709
down €16,709 (-10.6%), from €156,902 to €140,193
- Profit (loss) carried forward -€11,404
down €11,404 (-69.7%), from €16,354 to €4,950
- Other operating charges -€13,526
down €13,526 (-83.1%), from €16,286 to €2,760
- Gross operating margin -€13,282
down €13,282 (-14.1%), from €93,979 to €80,696
- Financial charges +€3,000
up €3,000 (+39.9%), from €7,515 to €10,516
- Depreciation +€2,327
up €2,327 (+25.0%), from €9,293 to €11,620
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 | €283,302 | €252,766 | -€30,536 | -10.8% |
| Fixed assets | 21/28 | €186,723 | €196,726 | +€10,003 | +5.4% |
| Tangible fixed assets | 22/27 | €186,723 | €196,726 | +€10,003 | +5.4% |
| Land and buildings | 22 | €178,801 | €184,584 | +€5,783 | +3.2% |
| Furniture and vehicles | 24 | €6,324 | €6,975 | +€651 | +10.3% |
| Other tangible fixed assets | 26 | €1,598 | €5,166 | +€3,568 | +223% |
| Current assets | 29/58 | €96,578 | €56,040 | -€40,538 | -42.0% |
| Amounts receivable after more than one year | 29 | €4,883 | €4,883 | = | 0.0% |
| Other amounts receivable | 291 | €4,883 | €4,883 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €40,303 | €26,599 | -€13,704 | -34.0% |
| Trade receivables | 40 | €36,785 | €23,150 | -€13,635 | -37.1% |
| Other amounts receivable | 41 | €3,518 | €3,449 | -€69 | -2.0% |
| Cash at bank and in hand | 54/58 | €49,229 | €23,422 | -€25,808 | -52.4% |
| Deferred charges and accrued income | 490/1 | €2,163 | €1,136 | -€1,027 | -47.5% |
| Total equity and liabilities | 10/49 | €283,302 | €252,766 | -€30,536 | -10.8% |
| Equity | 10/15 | €91,554 | €80,150 | -€11,404 | -12.5% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Reserves | 13 | €63,200 | €63,200 | = | 0.0% |
| Distributable reserves | 133 | €63,200 | €63,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,354 | €4,950 | -€11,404 | -69.7% |
| Amounts payable | 17/49 | €191,747 | €172,616 | -€19,131 | -10.0% |
| Amounts payable after more than one year | 17 | €156,902 | €140,193 | -€16,709 | -10.6% |
| Financial debts | 170/4 | €156,902 | €140,193 | -€16,709 | -10.6% |
| Amounts payable within one year | 42/48 | €34,845 | €32,422 | -€2,422 | -7.0% |
| Current portion of amounts payable after more than one year | 42 | €16,162 | €16,709 | +€547 | +3.4% |
| Trade debts | 44 | €1,387 | €1,325 | -€62 | -4.5% |
| Suppliers | 440/4 | €1,387 | €1,325 | -€62 | -4.5% |
| Taxes, remuneration and social security | 45 | €14,863 | €14,378 | -€486 | -3.3% |
| Taxes | 450/3 | €14,863 | €14,378 | -€486 | -3.3% |
| Other amounts payable | 47/48 | €2,432 | €11 | -€2,421 | -99.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,293 | €11,620 | +€2,327 | +25.0% |
| Other operating charges | 640/8 | €16,286 | €2,760 | -€13,526 | -83.1% |
| Gross operating margin | 9900 | €93,979 | €80,696 | -€13,282 | -14.1% |
| Operating profit (loss) | 9901 | €68,400 | €66,316 | -€2,083 | -3.0% |
| Financial income | 75/76B | €177 | €166 | -€11 | -6.0% |
| Recurring financial income | 75 | €177 | €166 | -€11 | -6.0% |
| Financial charges | 65/66B | €7,515 | €10,516 | +€3,000 | +39.9% |
| Recurring financial charges | 65 | €7,515 | €10,516 | +€3,000 | +39.9% |
| Profit (loss) for the period before taxes | 9903 | €61,061 | €55,967 | -€5,094 | -8.3% |
| Income taxes | 67/77 | €14,464 | €14,371 | -€93 | -0.6% |
| Profit (loss) for the period | 9904 | €46,596 | €41,596 | -€5,001 | -10.7% |
| Profit (loss) for the period to be appropriated | 9905 | €46,596 | €41,596 | -€5,001 | -10.7% |
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 24 October 2026 via checked.be.