GALARINA: 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.
GALARINA
Largest movements
- Cash -€46,483
down €46,483 (-50.1%), from €92,867 to €46,384
mainly Other debts (-€26,390) and Debts after one year (-€13,612)
- Tangible fixed assets -€22,297
down €22,297 (-8.7%), from €256,207 to €233,910
of which Land and buildings: -€14,547
- Receivables within one year +€11,630
up €11,630 (+230%), from €5,055 to €16,686
of which Other amounts receivable: +€11,736
- Other debts -€26,390
down €26,390 (-65.1%), from €40,556 to €14,166
- Debts after one year -€13,612
down €13,612 (-12.9%), from €105,566 to €91,954
- Profit (loss) carried forward -€10,319
down €10,319 (-7.2%), from €143,710 to €133,391
- Current portion of long-term debt -€5,516
down €5,516 (-28.8%), from €19,128 to €13,612
- Gross operating margin -€57,655
down €57,655 (-65.9%), from €87,488 to €29,832
- Taxes -€10,795
down €10,795 (-97.7%), from €11,051 to €256
- Depreciation +€2,445
up €2,445 (+7.5%), from €32,670 to €35,115
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 | €380,205 | €322,706 | -€57,499 | -15.1% |
| Fixed assets | 21/28 | €258,160 | €235,513 | -€22,647 | -8.8% |
| Intangible fixed assets | 21 | €1,243 | €893 | -€350 | -28.2% |
| Tangible fixed assets | 22/27 | €256,207 | €233,910 | -€22,297 | -8.7% |
| Land and buildings | 22 | €219,290 | €204,742 | -€14,547 | -6.6% |
| Plant, machinery and equipment | 23 | €28,856 | €29,168 | +€312 | +1.1% |
| Furniture and vehicles | 24 | €8,061 | - | -€8,061 | |
| Financial fixed assets | 28 | €710 | €710 | = | 0.0% |
| Current assets | 29/58 | €122,045 | €87,193 | -€34,852 | -28.6% |
| Stocks and contracts in progress | 3 | €24,123 | €24,123 | = | 0.0% |
| Stocks | 30/36 | €24,123 | €24,123 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €5,055 | €16,686 | +€11,630 | +230% |
| Trade receivables | 40 | €106 | - | -€106 | |
| Other amounts receivable | 41 | €4,949 | €16,686 | +€11,736 | +237% |
| Cash at bank and in hand | 54/58 | €92,867 | €46,384 | -€46,483 | -50.1% |
| Total equity and liabilities | 10/49 | €380,205 | €322,706 | -€57,499 | -15.1% |
| Equity | 10/15 | €196,770 | €186,451 | -€10,319 | -5.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €46,860 | €46,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €45,000 | €45,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €143,710 | €133,391 | -€10,319 | -7.2% |
| Amounts payable | 17/49 | €183,435 | €136,255 | -€47,180 | -25.7% |
| Amounts payable after more than one year | 17 | €105,566 | €91,954 | -€13,612 | -12.9% |
| Financial debts | 170/4 | €105,566 | €91,954 | -€13,612 | -12.9% |
| Amounts payable within one year | 42/48 | €77,869 | €44,301 | -€33,568 | -43.1% |
| Current portion of amounts payable after more than one year | 42 | €19,128 | €13,612 | -€5,516 | -28.8% |
| Trade debts | 44 | €4,283 | €2,511 | -€1,772 | -41.4% |
| Suppliers | 440/4 | €4,283 | €2,511 | -€1,772 | -41.4% |
| Taxes, remuneration and social security | 45 | €13,902 | €14,012 | +€110 | +0.8% |
| Taxes | 450/3 | €5,102 | €5,212 | +€110 | +2.2% |
| Remuneration and social security | 454/9 | €8,800 | €8,800 | = | 0.0% |
| Other amounts payable | 47/48 | €40,556 | €14,166 | -€26,390 | -65.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,670 | €35,115 | +€2,445 | +7.5% |
| Other operating charges | 640/8 | €2,349 | €1,726 | -€623 | -26.5% |
| Gross operating margin | 9900 | €87,488 | €29,832 | -€57,655 | -65.9% |
| Operating profit (loss) | 9901 | €52,468 | -€7,009 | -€59,477 | |
| Financial income | 75/76B | €88 | €370 | +€281 | +319% |
| Recurring financial income | 75 | €88 | €370 | +€281 | +319% |
| Financial charges | 65/66B | €3,763 | €3,425 | -€339 | -9.0% |
| Recurring financial charges | 65 | €3,763 | €3,425 | -€339 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | €48,793 | -€10,064 | -€58,857 | |
| Income taxes | 67/77 | €11,051 | €256 | -€10,795 | -97.7% |
| Profit (loss) for the period | 9904 | €37,742 | -€10,319 | -€48,062 | |
| Profit (loss) for the period to be appropriated | 9905 | €37,742 | -€10,319 | -€48,062 |
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 18 October 2026 via checked.be.