GALAÏ: 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.
GALAÏ
Largest movements
- Current investments +€30,340
up €30,340 (+36.4%), from €83,388 to €113,728
- Cash -€23,917
down €23,917 (-37.9%), from €63,176 to €39,259
mainly Current investments (-€30,340) and Investment in fixed assets (net) (-€6,679)
- Tangible fixed assets +€6,081
new in 2025: €6,081
- Reserves +€14,983
up €14,983 (+56.7%), from €26,443 to €41,426
- Gross operating margin -€13,376
down €13,376 (-36.8%), from €36,354 to €22,978
- Taxes -€4,459
down €4,459 (-37.9%), from €11,771 to €7,312
- Depreciation +€597
new in 2025: €597
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 | €165,997 | €180,251 | +€14,253 | +8.6% |
| Fixed assets | 21/28 | - | €6,081 | +€6,081 | |
| Tangible fixed assets | 22/27 | - | €6,081 | +€6,081 | |
| Furniture and vehicles | 24 | - | €6,081 | +€6,081 | |
| Current assets | 29/58 | €165,997 | €174,169 | +€8,172 | +4.9% |
| Amounts receivable within one year | 40/41 | €18,132 | €19,893 | +€1,761 | +9.7% |
| Trade receivables | 40 | - | €902 | +€902 | |
| Other amounts receivable | 41 | €18,132 | €18,991 | +€859 | +4.7% |
| Current investments | 50/53 | €83,388 | €113,728 | +€30,340 | +36.4% |
| Cash at bank and in hand | 54/58 | €63,176 | €39,259 | -€23,917 | -37.9% |
| Deferred charges and accrued income | 490/1 | €1,301 | €1,289 | -€12 | -0.9% |
| Total equity and liabilities | 10/49 | €165,997 | €180,251 | +€14,253 | +8.6% |
| Equity | 10/15 | €154,454 | €169,437 | +€14,983 | +9.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €26,443 | €41,426 | +€14,983 | +56.7% |
| Distributable reserves | 133 | €26,443 | €41,426 | +€14,983 | +56.7% |
| Profit (loss) carried forward | 14 | €109,411 | €109,411 | = | 0.0% |
| Amounts payable | 17/49 | €11,543 | €10,814 | -€729 | -6.3% |
| Amounts payable within one year | 42/48 | €11,156 | €10,402 | -€754 | -6.8% |
| Trade debts | 44 | €1,870 | €1,662 | -€208 | -11.1% |
| Suppliers | 440/4 | €1,870 | €1,662 | -€208 | -11.1% |
| Taxes, remuneration and social security | 45 | €1,608 | €1,166 | -€442 | -27.5% |
| Taxes | 450/3 | €1,608 | €1,166 | -€442 | -27.5% |
| Other amounts payable | 47/48 | €7,677 | €7,575 | -€103 | -1.3% |
| Accrued charges and deferred income | 492/3 | €387 | €411 | +€24 | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €597 | +€597 | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €36,354 | €22,978 | -€13,376 | -36.8% |
| Operating profit (loss) | 9901 | €35,967 | €21,981 | -€13,986 | -38.9% |
| Financial income | 75/76B | €541 | €487 | -€54 | -10.0% |
| Recurring financial income | 75 | €541 | €487 | -€54 | -10.0% |
| Financial charges | 65/66B | €154 | €174 | +€20 | +12.8% |
| Recurring financial charges | 65 | €154 | €174 | +€20 | +12.8% |
| Profit (loss) for the period before taxes | 9903 | €36,354 | €22,295 | -€14,059 | -38.7% |
| Income taxes | 67/77 | €11,771 | €7,312 | -€4,459 | -37.9% |
| Profit (loss) for the period | 9904 | €24,583 | €14,983 | -€9,600 | -39.1% |
| Profit (loss) for the period to be appropriated | 9905 | €24,583 | €14,983 | -€9,600 | -39.1% |
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 17 October 2026 via checked.be.