GALAXY: what changed
What changed
GALAXY
NACE 56.112, Limited-service restaurants, excluding mobile food services
filed annual accounts (NBB)
Net result for the year
-€37,164
2024 · €219,822-€256,985
Equity
€813,593
2024 · €850,756-€37,164
Cash
€624,273
2024 · €639,977-€15,704
Balance sheet total
€1.8m
2024 · €1.8m+€8,020
Largest movements
Assets
- Receivables within one year +€46,114
up €46,114 (+6.4%), from €721,384 to €767,498
of which Trade receivables: +€41,841
- Tangible fixed assets -€35,098
down €35,098 (-10.1%), from €345,910 to €310,812
of which Plant, machinery and equipment: -€21,454
Equity and liabilities
- Trade debts +€57,507
up €57,507 (+9.7%), from €591,370 to €648,877
- Reserves -€37,164
down €37,164 (-4.5%), from €832,156 to €794,993
- Debts after one year -€37,103
down €37,103 (-27.0%), from €137,170 to €100,067
- Tax, wage and social debts +€26,683
up €26,683 (+14.3%), from €186,180 to €212,863
of which Taxes: +€15,745
Income statement
- Gross operating margin -€412,768
down €412,768 (-22.1%), from €1.9m to €1.5m
- Staff costs -€116,390
down €116,390 (-8.0%), from €1.4m to €1.3m
- Depreciation -€38,663
down €38,663 (-30.7%), from €126,126 to €87,463
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€219,822
Gross operating margin
-€412,768
Staff costs
+€116,390
Depreciation
+€38,663
Other operating charges
+€1,874
Financial income
+€2,144
Financial charges
+€5,716
Taxes
-€9,005
Result 2025
-€37,164
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€73,518
Investment
-€52,365
Financing
-€36,857
Cash 2024
€639,977
From operations (derived)
+€73,518
Net result for the year
-€37,164
Depreciation
+€87,463
Stocks and contracts
+€4,039
Receivables within one year
-€46,114
Deferred charges and accrued income
-€16,746
Trade debts
+€57,507
Tax, wage and social debts
+€26,683
Other debts
-€2,686
Accrued charges and deferred income
+€536
Investment (derived)
-€52,365
Investment in fixed assets (net)
-€52,365
Financing
-€36,857
Debts after one year
-€37,103
Current portion of long-term debt
+€1,458
Short-term financial debts
-€1,211
Cash 2025
€624,273
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,809,946 | €1,817,966 | +€8,020 | +0.4% |
| Fixed assets | 21/28 | €348,004 | €312,907 | -€35,098 | -10.1% |
| Tangible fixed assets | 22/27 | €345,910 | €310,812 | -€35,098 | -10.1% |
| Land and buildings | 22 | €3,703 | €1,157 | -€2,546 | -68.7% |
| Plant, machinery and equipment | 23 | €306,896 | €285,441 | -€21,454 | -7.0% |
| Furniture and vehicles | 24 | €35,311 | €24,214 | -€11,098 | -31.4% |
| Financial fixed assets | 28 | €2,095 | €2,095 | = | 0.0% |
| Current assets | 29/58 | €1,461,941 | €1,505,059 | +€43,118 | +2.9% |
| Stocks and contracts in progress | 3 | €45,330 | €41,291 | -€4,039 | -8.9% |
| Stocks | 30/36 | €45,330 | €41,291 | -€4,039 | -8.9% |
| Amounts receivable within one year | 40/41 | €721,384 | €767,498 | +€46,114 | +6.4% |
| Trade receivables | 40 | €72,689 | €114,530 | +€41,841 | +57.6% |
| Other amounts receivable | 41 | €648,695 | €652,968 | +€4,273 | +0.7% |
| Cash at bank and in hand | 54/58 | €639,977 | €624,273 | -€15,704 | -2.5% |
| Deferred charges and accrued income | 490/1 | €55,250 | €71,997 | +€16,746 | +30.3% |
| Total equity and liabilities | 10/49 | €1,809,946 | €1,817,966 | +€8,020 | +0.4% |
| Equity | 10/15 | €850,756 | €813,593 | -€37,164 | -4.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €832,156 | €794,993 | -€37,164 | -4.5% |
| Distributable reserves | 133 | €832,156 | €794,993 | -€37,164 | -4.5% |
| Amounts payable | 17/49 | €959,189 | €1,004,373 | +€45,183 | +4.7% |
| Amounts payable after more than one year | 17 | €137,170 | €100,067 | -€37,103 | -27.0% |
| Financial debts | 170/4 | €137,170 | €100,067 | -€37,103 | -27.0% |
| Amounts payable within one year | 42/48 | €820,134 | €901,884 | +€81,750 | +10.0% |
| Current portion of amounts payable after more than one year | 42 | €37,979 | €39,437 | +€1,458 | +3.8% |
| Financial debts | 43 | €1,839 | €628 | -€1,211 | -65.9% |
| Credit institutions | 430/8 | €1,839 | €628 | -€1,211 | -65.9% |
| Trade debts | 44 | €591,370 | €648,877 | +€57,507 | +9.7% |
| Suppliers | 440/4 | €591,370 | €648,877 | +€57,507 | +9.7% |
| Taxes, remuneration and social security | 45 | €186,180 | €212,863 | +€26,683 | +14.3% |
| Taxes | 450/3 | €14,417 | €30,162 | +€15,745 | +109% |
| Remuneration and social security | 454/9 | €171,763 | €182,701 | +€10,937 | +6.4% |
| Other amounts payable | 47/48 | €2,765 | €80 | -€2,686 | -97.1% |
| Accrued charges and deferred income | 492/3 | €1,885 | €2,421 | +€536 | +28.4% |
| Non-recurring operating income | 76A | €212 | - | -€212 | |
| Remuneration, social security and pensions | 62 | €1,446,117 | €1,329,726 | -€116,390 | -8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €126,126 | €87,463 | -€38,663 | -30.7% |
| Other operating charges | 640/8 | €14,674 | €12,801 | -€1,874 | -12.8% |
| Gross operating margin | 9900 | €1,867,239 | €1,454,471 | -€412,768 | -22.1% |
| Operating profit (loss) | 9901 | €280,322 | €24,481 | -€255,841 | -91.3% |
| Financial income | 75/76B | €17,770 | €19,914 | +€2,144 | +12.1% |
| Recurring financial income | 75 | €17,770 | €19,914 | +€2,144 | +12.1% |
| Financial charges | 65/66B | €34,458 | €28,742 | -€5,716 | -16.6% |
| Recurring financial charges | 65 | €34,458 | €28,742 | -€5,716 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | €263,634 | €15,654 | -€247,981 | -94.1% |
| Income taxes | 67/77 | €43,812 | €52,817 | +€9,005 | +20.6% |
| Profit (loss) for the period | 9904 | €219,822 | -€37,164 | -€256,985 | |
| Profit (loss) for the period to be appropriated | 9905 | €219,822 | -€37,164 | -€256,985 |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.