GALANTHUS: 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.
What changed
GALANTHUS
NACE 47.553, Retail trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€4,684
2024 · €5,287-€602
Equity
€938,946
2024 · €934,261+€4,684
Cash
€87,853
2024 · €85,714+€2,139
Balance sheet total
€1.9m
2024 · €1.9m-€28,578
Largest movements
Assets
- Tangible fixed assets -€25,539
down €25,539 (-1.5%), from €1.8m to €1.7m
of which Plant, machinery and equipment: -€23,122
Equity and liabilities
- Other debts -€50,632
down €50,632 (-7.3%), from €690,968 to €640,336
Income statement
- Gross operating margin +€14,919
up €14,919 (+8.7%), from €171,088 to €186,007
- Financial charges +€11,625
up €11,625 (+23.8%), from €48,849 to €60,474
- Other operating charges +€2,914
up €2,914 (+7.2%), from €40,498 to €43,412
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.
Result 2024
€5,287
Gross operating margin
+€14,919
Depreciation
-€1,175
Other operating charges
-€2,914
Financial income
+€1
Financial charges
-€11,625
Taxes
+€192
Result 2025
€4,684
raises the resultlowers the result
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.
From operations
+€52,654
Investment
-€50,515
Financing
€0
Cash 2024
€85,714
From operations (derived)
+€52,654
Net result for the year
+€4,684
Depreciation
+€76,054
Receivables within one year
+€4,968
Deferred charges and accrued income
+€209
Trade debts
+€189
Tax, wage and social debts
+€3,344
Other debts
-€50,632
Accrued charges and deferred income
+€13,836
Investment (derived)
-€50,515
Investment in fixed assets (net)
-€50,515
Cash 2025
€87,853
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,911,540 | €1,882,963 | -€28,578 | -1.5% |
| Fixed assets | 21/28 | €1,817,425 | €1,791,886 | -€25,539 | -1.4% |
| Tangible fixed assets | 22/27 | €1,757,425 | €1,731,886 | -€25,539 | -1.5% |
| Land and buildings | 22 | €1,676,060 | €1,683,346 | +€7,286 | +0.4% |
| Plant, machinery and equipment | 23 | €61,656 | €38,534 | -€23,122 | -37.5% |
| Furniture and vehicles | 24 | €19,709 | €10,006 | -€9,703 | -49.2% |
| Financial fixed assets | 28 | €60,000 | €60,000 | = | 0.0% |
| Current assets | 29/58 | €94,115 | €91,076 | -€3,039 | -3.2% |
| Amounts receivable within one year | 40/41 | €5,110 | €142 | -€4,968 | -97.2% |
| Trade receivables | 40 | €5,000 | €0 | -€5,000 | -100% |
| Other amounts receivable | 41 | €110 | €142 | +€32 | +28.7% |
| Cash at bank and in hand | 54/58 | €85,714 | €87,853 | +€2,139 | +2.5% |
| Deferred charges and accrued income | 490/1 | €3,291 | €3,082 | -€209 | -6.3% |
| Total equity and liabilities | 10/49 | €1,911,540 | €1,882,963 | -€28,578 | -1.5% |
| Equity | 10/15 | €934,261 | €938,946 | +€4,684 | +0.5% |
| Contributions | 10/11 | €750,000 | €750,000 | = | 0.0% |
| Capital | 10 | €750,000 | €750,000 | = | 0.0% |
| Issued capital | 100 | €750,000 | €750,000 | = | 0.0% |
| Reserves | 13 | €184,261 | €188,946 | +€4,684 | +2.5% |
| Non-distributable reserves | 130/1 | €23,033 | €23,267 | +€234 | +1.0% |
| Legal reserve | 130 | €23,033 | €23,267 | +€234 | +1.0% |
| Distributable reserves | 133 | €161,228 | €165,678 | +€4,450 | +2.8% |
| Amounts payable | 17/49 | €977,279 | €944,017 | -€33,262 | -3.4% |
| Amounts payable after more than one year | 17 | €200,000 | €200,000 | = | 0.0% |
| Financial debts | 170/4 | €200,000 | €200,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €698,274 | €651,175 | -€47,099 | -6.7% |
| Trade debts | 44 | €2,753 | €2,942 | +€189 | +6.9% |
| Suppliers | 440/4 | €2,753 | €2,942 | +€189 | +6.9% |
| Taxes, remuneration and social security | 45 | €4,552 | €7,897 | +€3,344 | +73.5% |
| Taxes | 450/3 | €4,552 | €7,897 | +€3,344 | +73.5% |
| Other amounts payable | 47/48 | €690,968 | €640,336 | -€50,632 | -7.3% |
| Accrued charges and deferred income | 492/3 | €79,006 | €92,842 | +€13,836 | +17.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,879 | €76,054 | +€1,175 | +1.6% |
| Other operating charges | 640/8 | €40,498 | €43,412 | +€2,914 | +7.2% |
| Gross operating margin | 9900 | €171,088 | €186,007 | +€14,919 | +8.7% |
| Operating profit (loss) | 9901 | €55,711 | €66,541 | +€10,830 | +19.4% |
| Financial income | 75/76B | €15 | €16 | +€1 | +9.8% |
| Recurring financial income | 75 | €15 | €16 | +€1 | +9.8% |
| Financial charges | 65/66B | €48,849 | €60,474 | +€11,625 | +23.8% |
| Recurring financial charges | 65 | €48,849 | €60,474 | +€11,625 | +23.8% |
| Profit (loss) for the period before taxes | 9903 | €6,877 | €6,083 | -€794 | -11.5% |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | €1,590 | €1,399 | -€192 | -12.0% |
| Profit (loss) for the period | 9904 | €5,287 | €4,684 | -€602 | -11.4% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €5,287 | €4,684 | -€602 | -11.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.