GALANTINE: 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.
GALANTINE
Largest movements
- Receivables within one year +€11,431
up €11,431 (+86.3%), from €13,243 to €24,674
of which Trade receivables: +€11,419
- Tangible fixed assets -€6,047
down €6,047 (-60.0%), from €10,078 to €4,031
- Cash -€4,081
down €4,081 (-44.6%), from €9,153 to €5,071
mainly Trade debts (-€14,970) and Receivables within one year (-€11,431)
- Deferred charges and accrued income +€741
up €741 (+72.8%), from €1,018 to €1,759
- Advances received +€20,649
new in 2025: €20,649
- Trade debts -€14,970
down €14,970 (-48.9%), from €30,612 to €15,642
- Tax, wage and social debts -€8,486
down €8,486 (-82.0%), from €10,344 to €1,859
- Other debts +€1,853
up €1,853 (+118.7%), from €1,562 to €3,415
- Profit (loss) carried forward +€1,699
up €1,699 (+2.3%), from -€73,343 to -€71,645
- Gross operating margin -€3,128
down €3,128 (-19.8%), from €15,765 to €12,636
- Financial charges +€768
up €768 (+22.8%), from €3,363 to €4,131
- Other operating charges -€728
down €728 (-79.9%), from €911 to €183
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 | €33,492 | €35,536 | +€2,044 | +6.1% |
| Fixed assets | 21/28 | €10,078 | €4,031 | -€6,047 | -60.0% |
| Tangible fixed assets | 22/27 | €10,078 | €4,031 | -€6,047 | -60.0% |
| Furniture and vehicles | 24 | €10,078 | €4,031 | -€6,047 | -60.0% |
| Current assets | 29/58 | €23,414 | €31,504 | +€8,090 | +34.6% |
| Amounts receivable within one year | 40/41 | €13,243 | €24,674 | +€11,431 | +86.3% |
| Trade receivables | 40 | €13,193 | €24,612 | +€11,419 | +86.6% |
| Other amounts receivable | 41 | €50 | €62 | +€12 | +24.3% |
| Cash at bank and in hand | 54/58 | €9,153 | €5,071 | -€4,081 | -44.6% |
| Deferred charges and accrued income | 490/1 | €1,018 | €1,759 | +€741 | +72.8% |
| Total equity and liabilities | 10/49 | €33,492 | €35,536 | +€2,044 | +6.1% |
| Equity | 10/15 | -€67,127 | -€65,428 | +€1,699 | +2.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €16 | €16 | = | 0.0% |
| Non-distributable reserves | 130/1 | €16 | €16 | = | 0.0% |
| Reserves not available under the articles | 1311 | €16 | €16 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€73,343 | -€71,645 | +€1,699 | +2.3% |
| Amounts payable | 17/49 | €100,619 | €100,964 | +€345 | +0.3% |
| Amounts payable after more than one year | 17 | €39,404 | €39,404 | = | 0.0% |
| Other amounts payable | 178/9 | €39,404 | €39,404 | = | 0.0% |
| Amounts payable within one year | 42/48 | €61,215 | €61,560 | +€345 | +0.6% |
| Financial debts | 43 | €18,697 | €19,995 | +€1,298 | +6.9% |
| Credit institutions | 430/8 | €18,697 | €19,995 | +€1,298 | +6.9% |
| Trade debts | 44 | €30,612 | €15,642 | -€14,970 | -48.9% |
| Suppliers | 440/4 | €30,612 | €15,642 | -€14,970 | -48.9% |
| Advances received on contracts in progress | 46 | - | €20,649 | +€20,649 | |
| Taxes, remuneration and social security | 45 | €10,344 | €1,859 | -€8,486 | -82.0% |
| Taxes | 450/3 | €10,344 | €1,859 | -€8,486 | -82.0% |
| Other amounts payable | 47/48 | €1,562 | €3,415 | +€1,853 | +118.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,047 | €6,047 | = | 0.0% |
| Other operating charges | 640/8 | €911 | €183 | -€728 | -79.9% |
| Gross operating margin | 9900 | €15,765 | €12,636 | -€3,128 | -19.8% |
| Operating profit (loss) | 9901 | €8,807 | €6,406 | -€2,400 | -27.3% |
| Financial income | 75/76B | €24 | €60 | +€37 | +153.8% |
| Recurring financial income | 75 | €24 | €60 | +€37 | +153.8% |
| Financial charges | 65/66B | €3,363 | €4,131 | +€768 | +22.8% |
| Recurring financial charges | 65 | €3,363 | €4,131 | +€768 | +22.8% |
| Profit (loss) for the period before taxes | 9903 | €5,468 | €2,336 | -€3,132 | -57.3% |
| Income taxes | 67/77 | €553 | €637 | +€84 | +15.2% |
| Profit (loss) for the period | 9904 | €4,915 | €1,699 | -€3,216 | -65.4% |
| Profit (loss) for the period to be appropriated | 9905 | €4,915 | €1,699 | -€3,216 | -65.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.