GALAXIE: 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.
GALAXIE
Largest movements
- Stocks and contracts -€68,022
down €68,022 (-36.9%), from €184,348 to €116,326
- Receivables within one year +€55,765
up €55,765 (+45.8%), from €121,844 to €177,608
of which Trade receivables: +€40,325
- Tangible fixed assets -€16,442
down €16,442 (-36.1%), from €45,489 to €29,047
of which Furniture and vehicles: -€8,514
- Other debts -€142,355
down €142,355 (-35.8%), from €397,572 to €255,216
- Trade debts +€65,279
up €65,279 (+16.7%), from €391,268 to €456,546
- Profit (loss) carried forward +€27,077
up €27,077 (+8.2%), from €331,080 to €358,156
- Tax, wage and social debts +€25,412
up €25,412 (+46.9%), from €54,130 to €79,541
of which Remuneration and social security: +€17,930
- Gross operating margin +€65,472
up €65,472 (+12.2%), from €538,701 to €604,173
- Staff costs +€15,617
up €15,617 (+3.3%), from €471,339 to €486,956
- Write-downs +€6,519
up €6,519, from -€4,906 to €1,613
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 | €1,325,428 | €1,297,340 | -€28,088 | -2.1% |
| Fixed assets | 21/28 | €45,744 | €29,209 | -€16,535 | -36.1% |
| Tangible fixed assets | 22/27 | €45,489 | €29,047 | -€16,442 | -36.1% |
| Furniture and vehicles | 24 | €25,257 | €16,743 | -€8,514 | -33.7% |
| Other tangible fixed assets | 26 | €20,232 | €12,304 | -€7,928 | -39.2% |
| Financial fixed assets | 28 | €255 | €162 | -€93 | -36.5% |
| Current assets | 29/58 | €1,279,684 | €1,268,131 | -€11,554 | -0.9% |
| Stocks and contracts in progress | 3 | €184,348 | €116,326 | -€68,022 | -36.9% |
| Stocks | 30/36 | €184,348 | €116,326 | -€68,022 | -36.9% |
| Amounts receivable within one year | 40/41 | €121,844 | €177,608 | +€55,765 | +45.8% |
| Trade receivables | 40 | €118,793 | €159,118 | +€40,325 | +33.9% |
| Other amounts receivable | 41 | €3,051 | €18,490 | +€15,439 | +506% |
| Current investments | 50/53 | €5,100 | €5,100 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €941,585 | €947,233 | +€5,648 | +0.6% |
| Deferred charges and accrued income | 490/1 | €26,808 | €21,863 | -€4,945 | -18.4% |
| Total equity and liabilities | 10/49 | €1,325,428 | €1,297,340 | -€28,088 | -2.1% |
| Equity | 10/15 | €478,959 | €506,036 | +€27,077 | +5.7% |
| Contributions | 10/11 | €37,184 | €37,184 | = | 0.0% |
| Reserves | 13 | €110,695 | €110,695 | = | 0.0% |
| Distributable reserves | 133 | €110,695 | €110,695 | = | 0.0% |
| Profit (loss) carried forward | 14 | €331,080 | €358,156 | +€27,077 | +8.2% |
| Amounts payable | 17/49 | €846,469 | €791,304 | -€55,165 | -6.5% |
| Amounts payable within one year | 42/48 | €842,969 | €791,304 | -€51,665 | -6.1% |
| Trade debts | 44 | €391,268 | €456,546 | +€65,279 | +16.7% |
| Suppliers | 440/4 | €391,268 | €456,546 | +€65,279 | +16.7% |
| Taxes, remuneration and social security | 45 | €54,130 | €79,541 | +€25,412 | +46.9% |
| Taxes | 450/3 | €23,873 | €31,355 | +€7,482 | +31.3% |
| Remuneration and social security | 454/9 | €30,256 | €48,186 | +€17,930 | +59.3% |
| Other amounts payable | 47/48 | €397,572 | €255,216 | -€142,355 | -35.8% |
| Accrued charges and deferred income | 492/3 | €3,500 | €0 | -€3,500 | -100% |
| Non-recurring operating income | 76A | €29,664 | €18,368 | -€11,296 | -38.1% |
| Remuneration, social security and pensions | 62 | €471,339 | €486,956 | +€15,617 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,763 | €18,324 | +€560 | +3.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€4,906 | €1,613 | +€6,519 | |
| Other operating charges | 640/8 | €12,119 | €6,749 | -€5,370 | -44.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €538,701 | €604,173 | +€65,472 | +12.2% |
| Operating profit (loss) | 9901 | €42,385 | €90,531 | +€48,146 | +114% |
| Financial income | 75/76B | €92 | €139 | +€46 | +50.2% |
| Recurring financial income | 75 | €92 | €139 | +€46 | +50.2% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €21,382 | €23,961 | +€2,579 | +12.1% |
| Recurring financial charges | 65 | €21,382 | €23,961 | +€2,579 | +12.1% |
| Profit (loss) for the period before taxes | 9903 | €21,095 | €66,709 | +€45,614 | +216% |
| Income taxes | 67/77 | €9,475 | €14,632 | +€5,158 | +54.4% |
| Profit (loss) for the period | 9904 | €11,621 | €52,077 | +€40,456 | +348% |
| Profit (loss) for the period to be appropriated | 9905 | €11,621 | €52,077 | +€40,456 | +348% |
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 22 October 2026 via checked.be.