GALATEA: 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.
GALATEA
Largest movements
- Cash +€110,631
up €110,631 (+60.7%), from €182,354 to €292,984
mainly Net result for the year (+€159,892) and Trade debts (+€74,164)
- Tangible fixed assets +€91,869
up €91,869 (+170.3%), from €53,948 to €145,817
of which Plant, machinery and equipment: +€92,586
- Deferred charges and accrued income +€22,672
up €22,672 (+588.9%), from €3,850 to €26,522
- Receivables within one year -€11,888
down €11,888 (-15.7%), from €75,560 to €63,672
of which Other amounts receivable: -€7,609
- Reserves +€139,892
up €139,892 (+40.7%), from €343,477 to €483,369
of which Distributable reserves: +€139,892
- Trade debts +€74,164
up €74,164 (+360.9%), from €20,548 to €94,712
- Tax, wage and social debts +€62,319
up €62,319 (+253.2%), from €24,609 to €86,928
of which Taxes: +€34,058
- Debts after one year -€33,436
down €33,436 (-39.1%), from €85,430 to €51,994
- Other debts -€29,639
down €29,639 (-59.3%), from €50,000 to €20,361
- Gross operating margin +€262,411
up €262,411 (+41.2%), from €637,001 to €899,412
- Staff costs +€160,561
up €160,561 (+32.3%), from €496,728 to €657,289
- Taxes +€50,994
up €50,994 (+315.9%), from €16,144 to €67,138
- Financial income +€43,189
up €43,189 (+10088.7%), from €428 to €43,617
- Financial charges +€11,386
up €11,386 (+158.3%), from €7,191 to €18,577
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 | €618,034 | €832,800 | +€214,766 | +34.7% |
| Fixed assets | 21/28 | €53,948 | €145,817 | +€91,869 | +170.3% |
| Tangible fixed assets | 22/27 | €53,948 | €145,817 | +€91,869 | +170.3% |
| Plant, machinery and equipment | 23 | €36,134 | €128,720 | +€92,586 | +256.2% |
| Furniture and vehicles | 24 | €6,419 | €16,769 | +€10,350 | +161.2% |
| Other tangible fixed assets | 26 | €11,395 | €328 | -€11,067 | -97.1% |
| Current assets | 29/58 | €564,086 | €686,983 | +€122,897 | +21.8% |
| Stocks and contracts in progress | 3 | €13,164 | €12,049 | -€1,115 | -8.5% |
| Stocks | 30/36 | €13,164 | €12,049 | -€1,115 | -8.5% |
| Amounts receivable within one year | 40/41 | €75,560 | €63,672 | -€11,888 | -15.7% |
| Trade receivables | 40 | €4,280 | €0 | -€4,280 | -100.0% |
| Other amounts receivable | 41 | €71,281 | €63,672 | -€7,609 | -10.7% |
| Current investments | 50/53 | €289,158 | €291,754 | +€2,597 | +0.9% |
| Cash at bank and in hand | 54/58 | €182,354 | €292,984 | +€110,631 | +60.7% |
| Deferred charges and accrued income | 490/1 | €3,850 | €26,522 | +€22,672 | +588.9% |
| Total equity and liabilities | 10/49 | €618,034 | €832,800 | +€214,766 | +34.7% |
| Equity | 10/15 | €405,477 | €545,369 | +€139,892 | +34.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €343,477 | €483,369 | +€139,892 | +40.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €337,277 | €477,169 | +€139,892 | +41.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €212,557 | €287,431 | +€74,874 | +35.2% |
| Amounts payable after more than one year | 17 | €85,430 | €51,994 | -€33,436 | -39.1% |
| Financial debts | 170/4 | €85,430 | €51,994 | -€33,436 | -39.1% |
| Amounts payable within one year | 42/48 | €127,127 | €235,436 | +€108,309 | +85.2% |
| Current portion of amounts payable after more than one year | 42 | €31,970 | €33,436 | +€1,466 | +4.6% |
| Trade debts | 44 | €20,548 | €94,712 | +€74,164 | +360.9% |
| Suppliers | 440/4 | €20,548 | €94,712 | +€74,164 | +360.9% |
| Taxes, remuneration and social security | 45 | €24,609 | €86,928 | +€62,319 | +253.2% |
| Taxes | 450/3 | €65 | €34,123 | +€34,058 | +52203.8% |
| Remuneration and social security | 454/9 | €24,544 | €52,805 | +€28,261 | +115.1% |
| Other amounts payable | 47/48 | €50,000 | €20,361 | -€29,639 | -59.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €496,728 | €657,289 | +€160,561 | +32.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,700 | €37,024 | +€8,324 | +29.0% |
| Other operating charges | 640/8 | €3,431 | €3,109 | -€322 | -9.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €637,001 | €899,412 | +€262,411 | +41.2% |
| Operating profit (loss) | 9901 | €108,142 | €201,990 | +€93,848 | +86.8% |
| Financial income | 75/76B | €428 | €43,617 | +€43,189 | +10088.7% |
| Recurring financial income | 75 | €428 | €43,617 | +€43,189 | +10088.7% |
| Financial charges | 65/66B | €7,191 | €18,577 | +€11,386 | +158.3% |
| Recurring financial charges | 65 | €7,191 | €18,577 | +€11,386 | +158.3% |
| Profit (loss) for the period before taxes | 9903 | €101,380 | €227,030 | +€125,650 | +123.9% |
| Income taxes | 67/77 | €16,144 | €67,138 | +€50,994 | +315.9% |
| Profit (loss) for the period | 9904 | €85,236 | €159,892 | +€74,656 | +87.6% |
| Profit (loss) for the period to be appropriated | 9905 | €85,236 | €159,892 | +€74,656 | +87.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.