GALAXIES: 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.
GALAXIES
Largest movements
- Cash -€160,280
down €160,280 (-48.1%), from €333,352 to €173,072
mainly Current investments (-€150,000) and Contributions, distributions and other (-€40,000)
- Current investments +€150,000
new in 2025: €150,000
- Reserves +€41,800
up €41,800 (+203%), from €20,610 to €62,410
of which Distributable reserves: +€41,800
- Tax, wage and social debts -€32,552
down €32,552 (-77.6%), from €41,959 to €9,407
of which Remuneration and social security: -€29,500
- Other debts -€21,830
down €21,830 (-20.5%), from €106,419 to €84,589
- Profit (loss) carried forward +€4,340
up €4,340 (+3.0%), from €146,247 to €150,587
- Gross operating margin +€24,753
up €24,753 (+33.1%), from €74,752 to €99,505
- Taxes +€3,731
up €3,731 (+38.9%), from €9,593 to €13,324
- Financial income +€1,512
up €1,512 (+302,366%), from €1 to €1,512
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 | €340,508 | €333,089 | -€7,419 | -2.2% |
| Current assets | 29/58 | €340,508 | €333,089 | -€7,419 | -2.2% |
| Amounts receivable within one year | 40/41 | €2,712 | €5,196 | +€2,484 | +91.6% |
| Trade receivables | 40 | €305 | €0 | -€305 | -100% |
| Other amounts receivable | 41 | €2,407 | €5,196 | +€2,788 | +116% |
| Current investments | 50/53 | - | €150,000 | +€150,000 | |
| Cash at bank and in hand | 54/58 | €333,352 | €173,072 | -€160,280 | -48.1% |
| Deferred charges and accrued income | 490/1 | €4,444 | €4,822 | +€377 | +8.5% |
| Total equity and liabilities | 10/49 | €340,508 | €333,089 | -€7,419 | -2.2% |
| Equity | 10/15 | €173,057 | €219,197 | +€46,140 | +26.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €20,610 | €62,410 | +€41,800 | +203% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | - | €41,800 | +€41,800 | |
| Profit (loss) carried forward | 14 | €146,247 | €150,587 | +€4,340 | +3.0% |
| Amounts payable | 17/49 | €167,450 | €113,892 | -€53,558 | -32.0% |
| Amounts payable within one year | 42/48 | €167,450 | €113,877 | -€53,574 | -32.0% |
| Trade debts | 44 | €19,072 | €19,880 | +€808 | +4.2% |
| Suppliers | 440/4 | €19,072 | €19,880 | +€808 | +4.2% |
| Taxes, remuneration and social security | 45 | €41,959 | €9,407 | -€32,552 | -77.6% |
| Taxes | 450/3 | €12,459 | €9,407 | -€3,052 | -24.5% |
| Remuneration and social security | 454/9 | €29,500 | €0 | -€29,500 | -100% |
| Other amounts payable | 47/48 | €106,419 | €84,589 | -€21,830 | -20.5% |
| Accrued charges and deferred income | 492/3 | - | €16 | +€16 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €1,333 | €1,438 | +€105 | +7.9% |
| Gross operating margin | 9900 | €74,752 | €99,505 | +€24,753 | +33.1% |
| Operating profit (loss) | 9901 | €73,419 | €98,067 | +€24,648 | +33.6% |
| Financial income | 75/76B | €1 | €1,512 | +€1,512 | +302,366% |
| Recurring financial income | 75 | €1 | €1,512 | +€1,512 | +302,366% |
| Financial charges | 65/66B | €64 | €116 | +€52 | +81.6% |
| Recurring financial charges | 65 | €64 | €116 | +€52 | +81.6% |
| Profit (loss) for the period before taxes | 9903 | €73,355 | €99,463 | +€26,108 | +35.6% |
| Income taxes | 67/77 | €9,593 | €13,324 | +€3,731 | +38.9% |
| Profit (loss) for the period | 9904 | €63,763 | €86,140 | +€22,377 | +35.1% |
| Profit (loss) for the period to be appropriated | 9905 | €63,763 | €86,140 | +€22,377 | +35.1% |
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 16 October 2026 via checked.be.