GALATAE: 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.
GALATAE
Largest movements
- Cash -€9,240
down €9,240 (-76.6%), from €12,067 to €2,827
mainly Other debts (-€47,198) and Net result for the year (-€24,826)
- Tangible fixed assets -€4,265
down €4,265 (-74.3%), from €5,738 to €1,472
- Reserves +€58,500
new in 2025: €58,500
- Other debts -€47,198
down €47,198 (-86.5%), from €54,571 to €7,373
- Profit (loss) carried forward -€24,826
down €24,826 (-42.3%), from -€58,645 to -€83,471
- Gross operating margin -€13,054
down €13,054 (-240.7%), from -€5,424 to -€18,478
- Staff costs +€1,000
new in 2025: €1,000
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 | €21,063 | €7,402 | -€13,661 | -64.9% |
| Fixed assets | 21/28 | €8,247 | €3,982 | -€4,265 | -51.7% |
| Tangible fixed assets | 22/27 | €5,738 | €1,472 | -€4,265 | -74.3% |
| Furniture and vehicles | 24 | €5,738 | €1,472 | -€4,265 | -74.3% |
| Financial fixed assets | 28 | €2,510 | €2,510 | = | 0.0% |
| Current assets | 29/58 | €12,815 | €3,420 | -€9,396 | -73.3% |
| Amounts receivable within one year | 40/41 | €748 | €592 | -€156 | -20.9% |
| Other amounts receivable | 41 | €748 | €592 | -€156 | -20.9% |
| Cash at bank and in hand | 54/58 | €12,067 | €2,827 | -€9,240 | -76.6% |
| Total equity and liabilities | 10/49 | €21,063 | €7,402 | -€13,661 | -64.9% |
| Equity | 10/15 | -€33,645 | €29 | +€33,674 | |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | - | €58,500 | +€58,500 | |
| Distributable reserves | 133 | - | €58,500 | +€58,500 | |
| Profit (loss) carried forward | 14 | -€58,645 | -€83,471 | -€24,826 | -42.3% |
| Amounts payable | 17/49 | €54,707 | €7,373 | -€47,335 | -86.5% |
| Amounts payable within one year | 42/48 | €54,707 | €7,373 | -€47,335 | -86.5% |
| Trade debts | 44 | €137 | - | -€137 | |
| Suppliers | 440/4 | €137 | - | -€137 | |
| Other amounts payable | 47/48 | €54,571 | €7,373 | -€47,198 | -86.5% |
| Remuneration, social security and pensions | 62 | - | €1,000 | +€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,390 | €4,265 | -€125 | -2.8% |
| Other operating charges | 640/8 | €1,272 | €1,133 | -€139 | -10.9% |
| Gross operating margin | 9900 | -€5,424 | -€18,478 | -€13,054 | -240.7% |
| Operating profit (loss) | 9901 | -€11,086 | -€24,876 | -€13,790 | -124.4% |
| Financial income | 75/76B | - | €128 | +€128 | |
| Recurring financial income | 75 | - | €128 | +€128 | |
| Financial charges | 65/66B | €90 | €78 | -€12 | -13.2% |
| Recurring financial charges | 65 | €90 | €78 | -€12 | -13.2% |
| Profit (loss) for the period before taxes | 9903 | -€11,176 | -€24,826 | -€13,651 | -122.1% |
| Profit (loss) for the period | 9904 | -€11,176 | -€24,826 | -€13,651 | -122.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,176 | -€24,826 | -€13,651 | -122.1% |
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 8 October 2026 via checked.be.