GALAMAT: 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.
GALAMAT
Largest movements
- Cash -€724,689
down €724,689 (-82.4%), from €879,282 to €154,593
mainly Investment in fixed assets (net) (-€713,788) and Net result for the year (-€218,065)
- Financial fixed assets +€713,788
up €713,788 (+15.4%), from €4.7m to €5.4m
- Current investments -€463,640
down €463,640 (-30.5%), from €1.5m to €1.1m
- Profit (loss) carried forward -€332,670
down €332,670 (-5.7%), from €5.8m to €5.5m
- Current portion of long-term debt -€100,000
no longer reported in 2025 (was €100,000)
- Financial charges +€204,831
up €204,831 (+81.8%), from €250,313 to €455,144
of which Non-recurring financial charges: +€210,000
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 | €7,082,895 | €6,653,225 | -€429,670 | -6.1% |
| Fixed assets | 21/28 | €4,650,000 | €5,363,788 | +€713,788 | +15.4% |
| Financial fixed assets | 28 | €4,650,000 | €5,363,788 | +€713,788 | +15.4% |
| Current assets | 29/58 | €2,432,895 | €1,289,436 | -€1.1m | -47.0% |
| Amounts receivable within one year | 40/41 | €35,120 | €79,990 | +€44,871 | +128% |
| Other amounts receivable | 41 | €35,120 | €79,990 | +€44,871 | +128% |
| Current investments | 50/53 | €1,518,493 | €1,054,853 | -€463,640 | -30.5% |
| Cash at bank and in hand | 54/58 | €879,282 | €154,593 | -€724,689 | -82.4% |
| Total equity and liabilities | 10/49 | €7,082,895 | €6,653,225 | -€429,670 | -6.1% |
| Equity | 10/15 | €6,868,290 | €6,535,620 | -€332,670 | -4.8% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €820,000 | €820,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Legal reserve | 130 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €800,000 | €800,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,848,290 | €5,515,620 | -€332,670 | -5.7% |
| Amounts payable | 17/49 | €214,605 | €117,605 | -€97,000 | -45.2% |
| Amounts payable within one year | 42/48 | €214,605 | €117,605 | -€97,000 | -45.2% |
| Current portion of amounts payable after more than one year | 42 | €100,000 | - | -€100,000 | |
| Financial debts | 43 | - | €3,000 | +€3,000 | |
| Other loans | 439 | - | €3,000 | +€3,000 | |
| Other amounts payable | 47/48 | €114,605 | €114,605 | = | 0.0% |
| Other operating charges | 640/8 | €1,045 | €1,053 | +€8 | +0.7% |
| Operating profit (loss) | 9901 | -€1,045 | -€1,053 | -€8 | -0.7% |
| Financial income | 75/76B | €286,228 | €254,704 | -€31,524 | -11.0% |
| Recurring financial income | 75 | €286,228 | €254,704 | -€31,524 | -11.0% |
| Financial charges | 65/66B | €250,313 | €455,144 | +€204,831 | +81.8% |
| Recurring financial charges | 65 | €10,313 | €5,144 | -€5,169 | -50.1% |
| Non-recurring financial charges | 66B | €240,000 | €450,000 | +€210,000 | +87.5% |
| Profit (loss) for the period before taxes | 9903 | €34,870 | -€201,494 | -€236,363 | |
| Income taxes | 67/77 | €33,242 | €16,572 | -€16,671 | -50.1% |
| Profit (loss) for the period | 9904 | €1,627 | -€218,065 | -€219,693 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,627 | -€218,065 | -€219,693 |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.