GALAPAGOS VASTGOED: what changed
GALAPAGOS VASTGOED
Largest movements
- Receivables within one year +€92,728
up €92,728 (+180%), from €51,630 to €144,359
- Stocks and contracts -€73,867
down €73,867 (-100%), from €73,867 to €0
- Cash +€2,941
up €2,941 (+1,542%), from €191 to €3,132
mainly Stocks and contracts (+€73,867) and Net result for the year (+€14,936)
- Reserves +€14,936
up €14,936 (+65.1%), from €22,960 to €37,896
- Other debts +€6,500
up €6,500 (+41.3%), from €15,720 to €22,220
- Other operating charges +€439
up €439 (+86.9%), from €505 to €945
- Taxes +€366
up €366 (+5.2%), from €7,108 to €7,474
- Gross operating margin -€261
down €261 (-1.1%), from €23,735 to €23,474
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €125,688 | €147,491 | +€21,802 | +17.3% |
| Current assets | 29/58 | €125,688 | €147,491 | +€21,802 | +17.3% |
| Stocks and contracts in progress | 3 | €73,867 | €0 | -€73,867 | -100% |
| Stocks | 30/36 | €73,867 | €0 | -€73,867 | -100% |
| Amounts receivable within one year | 40/41 | €51,630 | €144,359 | +€92,728 | +180% |
| Other amounts receivable | 41 | €51,630 | €144,359 | +€92,728 | +180% |
| Cash at bank and in hand | 54/58 | €191 | €3,132 | +€2,941 | +1,542% |
| Total equity and liabilities | 10/49 | €125,688 | €147,491 | +€21,802 | +17.3% |
| Equity | 10/15 | €46,360 | €61,296 | +€14,936 | +32.2% |
| Contributions | 10/11 | €23,400 | €23,400 | = | 0.0% |
| Reserves | 13 | €22,960 | €37,896 | +€14,936 | +65.1% |
| Distributable reserves | 133 | €22,960 | €37,896 | +€14,936 | +65.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €79,328 | €86,195 | +€6,866 | +8.7% |
| Amounts payable after more than one year | 17 | €56,500 | €56,500 | = | 0.0% |
| Other amounts payable | 178/9 | €56,500 | €56,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €22,828 | €29,695 | +€6,866 | +30.1% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €7,108 | €7,474 | +€366 | +5.2% |
| Taxes | 450/3 | €7,108 | €7,474 | +€366 | +5.2% |
| Other amounts payable | 47/48 | €15,720 | €22,220 | +€6,500 | +41.3% |
| Other operating charges | 640/8 | €505 | €945 | +€439 | +86.9% |
| Gross operating margin | 9900 | €23,735 | €23,474 | -€261 | -1.1% |
| Operating profit (loss) | 9901 | €23,230 | €22,529 | -€701 | -3.0% |
| Financial charges | 65/66B | €29 | €119 | +€90 | +316% |
| Recurring financial charges | 65 | €29 | €119 | +€90 | +316% |
| Profit (loss) for the period before taxes | 9903 | €23,201 | €22,410 | -€791 | -3.4% |
| Income taxes | 67/77 | €7,108 | €7,474 | +€366 | +5.2% |
| Profit (loss) for the period | 9904 | €16,093 | €14,936 | -€1,157 | -7.2% |
| Profit (loss) for the period to be appropriated | 9905 | €16,093 | €14,936 | -€1,157 | -7.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.