GALANT: 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.
GALANT
Largest movements
- Receivables within one year +€8,862
up €8,862 (+52.0%), from €17,032 to €25,894
of which Trade receivables: +€10,890
- Other debts +€11,042
up €11,042 (+2.3%), from €478,106 to €489,148
- Trade debts -€6,971
down €6,971 (-93.7%), from €7,442 to €471
- Gross operating margin +€22,918
up €22,918, from -€15,771 to €7,148
- Depreciation +€1,096
up €1,096 (+42.3%), from €2,590 to €3,687
- Other operating charges -€527
down €527 (-16.3%), from €3,230 to €2,703
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 | €383,535 | €388,178 | +€4,643 | +1.2% |
| Fixed assets | 21/28 | €364,278 | €360,592 | -€3,687 | -1.0% |
| Tangible fixed assets | 22/27 | €364,278 | €360,592 | -€3,687 | -1.0% |
| Land and buildings | 22 | €349,051 | €349,051 | = | 0.0% |
| Furniture and vehicles | 24 | €15,228 | €11,541 | -€3,687 | -24.2% |
| Current assets | 29/58 | €19,257 | €27,586 | +€8,329 | +43.3% |
| Amounts receivable within one year | 40/41 | €17,032 | €25,894 | +€8,862 | +52.0% |
| Trade receivables | 40 | €15,004 | €25,894 | +€10,890 | +72.6% |
| Other amounts receivable | 41 | €2,028 | - | -€2,028 | |
| Cash at bank and in hand | 54/58 | €837 | €203 | -€634 | -75.8% |
| Deferred charges and accrued income | 490/1 | €1,388 | €1,489 | +€101 | +7.3% |
| Total equity and liabilities | 10/49 | €383,535 | €388,178 | +€4,643 | +1.2% |
| Equity | 10/15 | -€102,227 | -€101,864 | +€363 | +0.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€120,827 | -€120,464 | +€363 | +0.3% |
| Amounts payable | 17/49 | €485,762 | €490,042 | +€4,280 | +0.9% |
| Amounts payable within one year | 42/48 | €485,762 | €490,042 | +€4,280 | +0.9% |
| Trade debts | 44 | €7,442 | €471 | -€6,971 | -93.7% |
| Suppliers | 440/4 | €7,442 | €471 | -€6,971 | -93.7% |
| Taxes, remuneration and social security | 45 | €214 | €423 | +€209 | +97.6% |
| Taxes | 450/3 | €214 | €423 | +€209 | +97.6% |
| Other amounts payable | 47/48 | €478,106 | €489,148 | +€11,042 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,590 | €3,687 | +€1,096 | +42.3% |
| Other operating charges | 640/8 | €3,230 | €2,703 | -€527 | -16.3% |
| Gross operating margin | 9900 | -€15,771 | €7,148 | +€22,918 | |
| Operating profit (loss) | 9901 | -€21,591 | €758 | +€22,349 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €146 | €213 | +€67 | +45.5% |
| Recurring financial charges | 65 | €146 | €213 | +€67 | +45.5% |
| Profit (loss) for the period before taxes | 9903 | -€21,738 | €545 | +€22,283 | |
| Income taxes | 67/77 | €192 | €182 | -€10 | -5.4% |
| Profit (loss) for the period | 9904 | -€21,930 | €363 | +€22,293 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,930 | €363 | +€22,293 |
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 5 October 2026 via checked.be.