GALAX Inc.: 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.
GALAX Inc.
Largest movements
- Receivables within one year +€259,856
up €259,856 (+4,818%), from €5,394 to €265,250
of which Other amounts receivable: +€234,856
- Cash -€245,600
down €245,600 (-79.5%), from €308,759 to €63,159
mainly Receivables within one year (-€259,856) and Investment in fixed assets (net) (-€139,124)
- Tangible fixed assets +€95,138
up €95,138 (+13.0%), from €734,478 to €829,616
of which Furniture and vehicles: +€130,914
- Receivables after one year -€36,444
down €36,444 (-44.6%), from €81,677 to €45,233
- Other debts +€65,000
up €65,000, from €0 to €65,000
- Debts after one year +€49,921
up €49,921 (+7.3%), from €679,935 to €729,856
- Trade debts -€43,992
down €43,992 (-71.5%), from €61,510 to €17,518
- Current portion of long-term debt +€25,418
up €25,418 (+93.6%), from €27,162 to €52,580
- Profit (loss) carried forward -€24,811
down €24,811 (-8.3%), from €298,002 to €273,191
- Gross operating margin -€71,097
down €71,097 (-33.6%), from €211,894 to €140,797
- Taxes -€13,979
down €13,979 (-43.2%), from €32,332 to €18,353
- Depreciation +€6,188
up €6,188 (+16.4%), from €37,798 to €43,985
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 | €1,133,318 | €1,206,316 | +€72,998 | +6.4% |
| Fixed assets | 21/28 | €734,478 | €829,616 | +€95,138 | +13.0% |
| Tangible fixed assets | 22/27 | €734,478 | €829,616 | +€95,138 | +13.0% |
| Land and buildings | 22 | €726,986 | €692,543 | -€34,443 | -4.7% |
| Furniture and vehicles | 24 | €5,620 | €136,534 | +€130,914 | +2,329% |
| Other tangible fixed assets | 26 | €1,873 | €540 | -€1,332 | -71.2% |
| Current assets | 29/58 | €398,840 | €376,700 | -€22,140 | -5.6% |
| Amounts receivable after more than one year | 29 | €81,677 | €45,233 | -€36,444 | -44.6% |
| Other amounts receivable | 291 | €81,677 | €45,233 | -€36,444 | -44.6% |
| Amounts receivable within one year | 40/41 | €5,394 | €265,250 | +€259,856 | +4,818% |
| Trade receivables | 40 | €0 | €25,000 | +€25,000 | |
| Other amounts receivable | 41 | €5,394 | €240,250 | +€234,856 | +4,354% |
| Cash at bank and in hand | 54/58 | €308,759 | €63,159 | -€245,600 | -79.5% |
| Deferred charges and accrued income | 490/1 | €3,010 | €3,058 | +€48 | +1.6% |
| Total equity and liabilities | 10/49 | €1,133,318 | €1,206,316 | +€72,998 | +6.4% |
| Equity | 10/15 | €306,062 | €281,251 | -€24,811 | -8.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €298,002 | €273,191 | -€24,811 | -8.3% |
| Amounts payable | 17/49 | €827,256 | €925,065 | +€97,809 | +11.8% |
| Amounts payable after more than one year | 17 | €679,935 | €729,856 | +€49,921 | +7.3% |
| Financial debts | 170/4 | €679,935 | €729,856 | +€49,921 | +7.3% |
| Amounts payable within one year | 42/48 | €147,321 | €188,782 | +€41,461 | +28.1% |
| Current portion of amounts payable after more than one year | 42 | €27,162 | €52,580 | +€25,418 | +93.6% |
| Trade debts | 44 | €61,510 | €17,518 | -€43,992 | -71.5% |
| Suppliers | 440/4 | €61,510 | €17,518 | -€43,992 | -71.5% |
| Taxes, remuneration and social security | 45 | €58,649 | €53,684 | -€4,965 | -8.5% |
| Taxes | 450/3 | €58,649 | €50,684 | -€7,965 | -13.6% |
| Remuneration and social security | 454/9 | - | €3,000 | +€3,000 | |
| Other amounts payable | 47/48 | €0 | €65,000 | +€65,000 | |
| Accrued charges and deferred income | 492/3 | - | €6,427 | +€6,427 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,798 | €43,985 | +€6,188 | +16.4% |
| Other operating charges | 640/8 | €6,982 | €9,092 | +€2,110 | +30.2% |
| Gross operating margin | 9900 | €211,894 | €140,797 | -€71,097 | -33.6% |
| Operating profit (loss) | 9901 | €167,114 | €87,720 | -€79,394 | -47.5% |
| Financial income | 75/76B | €2,477 | €2,287 | -€190 | -7.7% |
| Recurring financial income | 75 | €2,477 | €2,287 | -€190 | -7.7% |
| Financial charges | 65/66B | €30,698 | €31,465 | +€767 | +2.5% |
| Recurring financial charges | 65 | €30,698 | €31,465 | +€767 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | €138,894 | €58,542 | -€80,352 | -57.9% |
| Income taxes | 67/77 | €32,332 | €18,353 | -€13,979 | -43.2% |
| Profit (loss) for the period | 9904 | €106,562 | €40,189 | -€66,373 | -62.3% |
| Profit (loss) for the period to be appropriated | 9905 | €106,562 | €40,189 | -€66,373 | -62.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.