GALATE: 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.
GALATE
Largest movements
- Cash -€33,119
down €33,119 (-77.1%), from €42,934 to €9,815
mainly Investment in fixed assets (net) (-€41,950) and Trade debts (-€24,444)
- Tangible fixed assets +€13,380
up €13,380 (+5.6%), from €240,657 to €254,037
of which Plant, machinery and equipment: +€23,149
- Debts after one year +€25,000
up €25,000 (+20.8%), from €120,000 to €145,000
- Trade debts -€24,444
down €24,444 (-91.4%), from €26,737 to €2,293
- Profit (loss) carried forward -€22,149
down €22,149, from €85 to -€22,064
- Accrued charges and deferred income +€4,432
up €4,432 (+221.2%), from €2,004 to €6,436
- Depreciation +€8,414
up €8,414 (+41.7%), from €20,156 to €28,570
- Gross operating margin +€6,452
up €6,452 (+52.3%), from €12,330 to €18,782
- Financial charges +€4,099
up €4,099 (+155.0%), from €2,644 to €6,743
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 | €287,173 | €268,012 | -€19,161 | -6.7% |
| Fixed assets | 21/28 | €240,657 | €254,037 | +€13,380 | +5.6% |
| Tangible fixed assets | 22/27 | €240,657 | €254,037 | +€13,380 | +5.6% |
| Land and buildings | 22 | €93,472 | €83,703 | -€9,769 | -10.5% |
| Plant, machinery and equipment | 23 | €147,185 | €170,334 | +€23,149 | +15.7% |
| Current assets | 29/58 | €46,516 | €13,975 | -€32,541 | -70.0% |
| Cash at bank and in hand | 54/58 | €42,934 | €9,815 | -€33,119 | -77.1% |
| Deferred charges and accrued income | 490/1 | €3,582 | €4,160 | +€578 | +16.1% |
| Total equity and liabilities | 10/49 | €287,173 | €268,012 | -€19,161 | -6.7% |
| Equity | 10/15 | €136,432 | €114,283 | -€22,149 | -16.2% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Capital | 10 | €123,947 | €123,947 | = | 0.0% |
| Issued capital | 100 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €12,400 | €12,400 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,400 | €12,400 | = | 0.0% |
| Legal reserve | 130 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €85 | -€22,064 | -€22,149 | |
| Amounts payable | 17/49 | €150,741 | €153,729 | +€2,988 | +2.0% |
| Amounts payable after more than one year | 17 | €120,000 | €145,000 | +€25,000 | +20.8% |
| Financial debts | 170/4 | €120,000 | €145,000 | +€25,000 | +20.8% |
| Amounts payable within one year | 42/48 | €28,737 | €2,293 | -€26,444 | -92.0% |
| Trade debts | 44 | €26,737 | €2,293 | -€24,444 | -91.4% |
| Suppliers | 440/4 | €26,737 | €2,293 | -€24,444 | -91.4% |
| Taxes, remuneration and social security | 45 | €600 | - | -€600 | |
| Taxes | 450/3 | €600 | - | -€600 | |
| Other amounts payable | 47/48 | €1,400 | - | -€1,400 | |
| Accrued charges and deferred income | 492/3 | €2,004 | €6,436 | +€4,432 | +221.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,156 | €28,570 | +€8,414 | +41.7% |
| Other operating charges | 640/8 | €5,450 | €5,618 | +€168 | +3.1% |
| Gross operating margin | 9900 | €12,330 | €18,782 | +€6,452 | +52.3% |
| Operating profit (loss) | 9901 | -€13,276 | -€15,406 | -€2,130 | -16.0% |
| Financial charges | 65/66B | €2,644 | €6,743 | +€4,099 | +155.0% |
| Recurring financial charges | 65 | €2,644 | €6,743 | +€4,099 | +155.0% |
| Profit (loss) for the period before taxes | 9903 | -€15,920 | -€22,149 | -€6,229 | -39.1% |
| Profit (loss) for the period | 9904 | -€15,920 | -€22,149 | -€6,229 | -39.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,920 | -€22,149 | -€6,229 | -39.1% |
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 9 October 2026 via checked.be.