Galaude: 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.
Galaude
Largest movements
- Receivables within one year -€56,993
down €56,993 (-65.7%), from €86,746 to €29,753
of which Trade receivables: -€60,294
- Tangible fixed assets +€24,929
up €24,929 (+218.0%), from €11,436 to €36,365
of which Furniture and vehicles: +€22,481
- Cash +€15,068
up €15,068 (+255.9%), from €5,888 to €20,956
mainly Receivables within one year (+€56,993) and Net result for the year (+€21,373)
- Stocks and contracts +€13,790
up €13,790 (+59.4%), from €23,213 to €37,003
of which Stocks: +€13,677
- Deferred charges and accrued income -€1,749
down €1,749 (-76.0%), from €2,301 to €552
- Debts after one year +€9,525
up €9,525, from €0 to €9,525
- Trade debts -€9,399
down €9,399 (-29.0%), from €32,422 to €23,023
- Reserves -€8,627
down €8,627 (-24.6%), from €35,037 to €26,410
- Current portion of long-term debt +€3,678
up €3,678 (+461.4%), from €797 to €4,475
- Tax, wage and social debts +€1,333
up €1,333 (+19.1%), from €6,989 to €8,322
of which Remuneration and social security: +€1,860
- Staff costs +€11,581
up €11,581 (+9.6%), from €120,246 to €131,827
- Gross operating margin +€9,120
up €9,120 (+5.7%), from €159,436 to €168,556
- Depreciation -€1,825
down €1,825 (-19.9%), from €9,169 to €7,344
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 | €130,785 | €126,129 | -€4,656 | -3.6% |
| Fixed assets | 21/28 | €12,636 | €37,865 | +€25,229 | +199.7% |
| Tangible fixed assets | 22/27 | €11,436 | €36,365 | +€24,929 | +218.0% |
| Plant, machinery and equipment | 23 | €5,041 | €7,488 | +€2,447 | +48.6% |
| Furniture and vehicles | 24 | €6,396 | €28,877 | +€22,481 | +351.5% |
| Financial fixed assets | 28 | €1,200 | €1,500 | +€300 | +25.0% |
| Current assets | 29/58 | €118,148 | €88,263 | -€29,885 | -25.3% |
| Stocks and contracts in progress | 3 | €23,213 | €37,003 | +€13,790 | +59.4% |
| Stocks | 30/36 | €13,325 | €27,002 | +€13,677 | +102.6% |
| Contracts in progress | 37 | €9,888 | €10,001 | +€113 | +1.1% |
| Amounts receivable within one year | 40/41 | €86,746 | €29,753 | -€56,993 | -65.7% |
| Trade receivables | 40 | €84,669 | €24,375 | -€60,294 | -71.2% |
| Other amounts receivable | 41 | €2,077 | €5,378 | +€3,300 | +158.9% |
| Cash at bank and in hand | 54/58 | €5,888 | €20,956 | +€15,068 | +255.9% |
| Deferred charges and accrued income | 490/1 | €2,301 | €552 | -€1,749 | -76.0% |
| Total equity and liabilities | 10/49 | €130,785 | €126,129 | -€4,656 | -3.6% |
| Equity | 10/15 | €40,037 | €31,410 | -€8,627 | -21.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €35,037 | €26,410 | -€8,627 | -24.6% |
| Distributable reserves | 133 | €35,037 | €26,410 | -€8,627 | -24.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €90,748 | €94,719 | +€3,971 | +4.4% |
| Amounts payable after more than one year | 17 | €0 | €9,525 | +€9,525 | |
| Financial debts | 170/4 | €0 | €9,525 | +€9,525 | |
| Amounts payable within one year | 42/48 | €90,589 | €85,194 | -€5,395 | -6.0% |
| Current portion of amounts payable after more than one year | 42 | €797 | €4,475 | +€3,678 | +461.4% |
| Trade debts | 44 | €32,422 | €23,023 | -€9,399 | -29.0% |
| Suppliers | 440/4 | €32,422 | €23,023 | -€9,399 | -29.0% |
| Taxes, remuneration and social security | 45 | €6,989 | €8,322 | +€1,333 | +19.1% |
| Taxes | 450/3 | €866 | €339 | -€527 | -60.9% |
| Remuneration and social security | 454/9 | €6,123 | €7,983 | +€1,860 | +30.4% |
| Other amounts payable | 47/48 | €50,381 | €49,374 | -€1,008 | -2.0% |
| Accrued charges and deferred income | 492/3 | €159 | €0 | -€159 | -100.0% |
| Remuneration, social security and pensions | 62 | €120,246 | €131,827 | +€11,581 | +9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,169 | €7,344 | -€1,825 | -19.9% |
| Other operating charges | 640/8 | €1,095 | €1,527 | +€432 | +39.5% |
| Gross operating margin | 9900 | €159,436 | €168,556 | +€9,120 | +5.7% |
| Operating profit (loss) | 9901 | €28,926 | €27,858 | -€1,068 | -3.7% |
| Financial income | 75/76B | €50 | €25 | -€24 | -48.9% |
| Recurring financial income | 75 | €50 | €25 | -€24 | -48.9% |
| Financial charges | 65/66B | €540 | €472 | -€68 | -12.5% |
| Recurring financial charges | 65 | €540 | €472 | -€68 | -12.5% |
| Profit (loss) for the period before taxes | 9903 | €28,436 | €27,412 | -€1,024 | -3.6% |
| Income taxes | 67/77 | €6,138 | €6,039 | -€99 | -1.6% |
| Profit (loss) for the period | 9904 | €22,298 | €21,373 | -€925 | -4.1% |
| Profit (loss) for the period to be appropriated | 9905 | €22,298 | €21,373 | -€925 | -4.1% |
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 6 October 2026 via checked.be.