GALAXY 74: 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.
GALAXY 74
Largest movements
- Tangible fixed assets -€32,750
down €32,750 (-4.8%), from €688,816 to €656,066
- Cash -€7,613
down €7,613 (-91.0%), from €8,365 to €752
mainly Other debts (-€53,626) and Tax, wage and social debts (-€6,339)
- Other debts -€53,626
down €53,626 (-33.2%), from €161,486 to €107,861
- Profit (loss) carried forward +€19,799
up €19,799 (+5.8%), from €343,611 to €363,410
- Gross operating margin -€30,126
down €30,126 (-31.4%), from €95,803 to €65,676
- Taxes -€7,533
down €7,533 (-51.1%), from €14,740 to €7,207
- Financial charges -€3,053
down €3,053 (-35.6%), from €8,573 to €5,521
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 | €697,181 | €659,172 | -€38,009 | -5.5% |
| Fixed assets | 21/28 | €688,816 | €656,066 | -€32,750 | -4.8% |
| Tangible fixed assets | 22/27 | €688,816 | €656,066 | -€32,750 | -4.8% |
| Land and buildings | 22 | €688,816 | €656,066 | -€32,750 | -4.8% |
| Current assets | 29/58 | €8,365 | €3,106 | -€5,259 | -62.9% |
| Amounts receivable within one year | 40/41 | - | €2,354 | +€2,354 | |
| Trade receivables | 40 | - | €2,354 | +€2,354 | |
| Cash at bank and in hand | 54/58 | €8,365 | €752 | -€7,613 | -91.0% |
| Total equity and liabilities | 10/49 | €697,181 | €659,172 | -€38,009 | -5.5% |
| Equity | 10/15 | €495,111 | €514,910 | +€19,799 | +4.0% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €1,500 | €1,500 | = | 0.0% |
| Distributable reserves | 133 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €343,611 | €363,410 | +€19,799 | +5.8% |
| Amounts payable | 17/49 | €202,070 | €144,262 | -€57,808 | -28.6% |
| Amounts payable within one year | 42/48 | €202,070 | €144,262 | -€57,808 | -28.6% |
| Trade debts | 44 | €12,297 | €14,454 | +€2,157 | +17.5% |
| Suppliers | 440/4 | €12,297 | €14,454 | +€2,157 | +17.5% |
| Taxes, remuneration and social security | 45 | €28,286 | €21,947 | -€6,339 | -22.4% |
| Taxes | 450/3 | €28,286 | €21,947 | -€6,339 | -22.4% |
| Other amounts payable | 47/48 | €161,486 | €107,861 | -€53,626 | -33.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,750 | €32,750 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €95,803 | €65,676 | -€30,126 | -31.4% |
| Operating profit (loss) | 9901 | €62,665 | €32,526 | -€30,139 | -48.1% |
| Financial charges | 65/66B | €8,573 | €5,521 | -€3,053 | -35.6% |
| Recurring financial charges | 65 | €8,573 | €5,521 | -€3,053 | -35.6% |
| Profit (loss) for the period before taxes | 9903 | €54,092 | €27,006 | -€27,086 | -50.1% |
| Income taxes | 67/77 | €14,740 | €7,207 | -€7,533 | -51.1% |
| Profit (loss) for the period | 9904 | €39,352 | €19,799 | -€19,553 | -49.7% |
| Profit (loss) for the period to be appropriated | 9905 | €39,352 | €19,799 | -€19,553 | -49.7% |
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 18 October 2026 via checked.be.