GALAXAL: 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.
GALAXAL
Largest movements
- Receivables within one year +€12,779
up €12,779 (+96.6%), from €13,231 to €26,010
of which Trade receivables: +€14,900
- Tangible fixed assets -€6,925
down €6,925 (-25.9%), from €26,715 to €19,790
- Debts after one year -€41,893
down €41,893 (-17.0%), from €246,349 to €204,456
- Reserves +€21,850
up €21,850 (+136%), from €16,009 to €37,859
- Profit (loss) carried forward +€11,507
up €11,507, from -€8,512 to €2,995
- Other debts +€9,000
up €9,000 (+42.9%), from €21,000 to €30,000
- Tax, wage and social debts +€5,489
up €5,489 (+49.6%), from €11,069 to €16,558
- Gross operating margin +€72,423
up €72,423 (+478%), from €15,139 to €87,562
- Taxes +€18,467
up €18,467 (+170%), from €10,890 to €29,357
- Financial charges +€7,570
up €7,570 (+388%), from €1,953 to €9,523
- Financial income +€7,000
new in 2025: €7,000
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.
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 | €345,688 | €352,639 | +€6,951 | +2.0% |
| Fixed assets | 21/28 | €321,715 | €314,790 | -€6,925 | -2.2% |
| Tangible fixed assets | 22/27 | €26,715 | €19,790 | -€6,925 | -25.9% |
| Furniture and vehicles | 24 | €26,715 | €19,790 | -€6,925 | -25.9% |
| Financial fixed assets | 28 | €295,000 | €295,000 | = | 0.0% |
| Current assets | 29/58 | €23,973 | €37,849 | +€13,876 | +57.9% |
| Amounts receivable within one year | 40/41 | €13,231 | €26,010 | +€12,779 | +96.6% |
| Trade receivables | 40 | €10,000 | €24,900 | +€14,900 | +149% |
| Other amounts receivable | 41 | €3,231 | €1,110 | -€2,121 | -65.6% |
| Cash at bank and in hand | 54/58 | €9,079 | €10,059 | +€980 | +10.8% |
| Deferred charges and accrued income | 490/1 | €1,663 | €1,780 | +€117 | +7.0% |
| Total equity and liabilities | 10/49 | €345,688 | €352,639 | +€6,951 | +2.0% |
| Equity | 10/15 | €26,089 | €59,446 | +€33,357 | +128% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €16,009 | €37,859 | +€21,850 | +136% |
| Distributable reserves | 133 | €16,009 | €37,859 | +€21,850 | +136% |
| Profit (loss) carried forward | 14 | -€8,512 | €2,995 | +€11,507 | |
| Amounts payable | 17/49 | €319,599 | €293,193 | -€26,406 | -8.3% |
| Amounts payable after more than one year | 17 | €246,349 | €204,456 | -€41,893 | -17.0% |
| Financial debts | 170/4 | €246,349 | €204,456 | -€41,893 | -17.0% |
| Amounts payable within one year | 42/48 | €73,250 | €88,737 | +€15,487 | +21.1% |
| Current portion of amounts payable after more than one year | 42 | €40,484 | €41,893 | +€1,409 | +3.5% |
| Trade debts | 44 | €697 | €286 | -€411 | -59.0% |
| Suppliers | 440/4 | €697 | €286 | -€411 | -59.0% |
| Taxes, remuneration and social security | 45 | €11,069 | €16,558 | +€5,489 | +49.6% |
| Taxes | 450/3 | €11,069 | €16,558 | +€5,489 | +49.6% |
| Other amounts payable | 47/48 | €21,000 | €30,000 | +€9,000 | +42.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,925 | €6,925 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €400 | +€13 | +3.4% |
| Gross operating margin | 9900 | €15,139 | €87,562 | +€72,423 | +478% |
| Operating profit (loss) | 9901 | €7,827 | €80,237 | +€72,410 | +925% |
| Financial income | 75/76B | - | €7,000 | +€7,000 | |
| Recurring financial income | 75 | - | €7,000 | +€7,000 | |
| Financial charges | 65/66B | €1,953 | €9,523 | +€7,570 | +388% |
| Recurring financial charges | 65 | €1,953 | €9,523 | +€7,570 | +388% |
| Profit (loss) for the period before taxes | 9903 | €5,874 | €77,714 | +€71,840 | +1,223% |
| Income taxes | 67/77 | €10,890 | €29,357 | +€18,467 | +170% |
| Profit (loss) for the period | 9904 | -€5,016 | €48,357 | +€53,373 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,016 | €48,357 | +€53,373 |
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 24 October 2026 via checked.be.