GALAXY CENTER: 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 CENTER
Largest movements
- Tangible fixed assets +€630,321
up €630,321 (+2069.5%), from €30,458 to €660,779
of which Plant, machinery and equipment: +€362,374
- Cash -€28,802
down €28,802 (-54.3%), from €53,064 to €24,263
mainly Investment in fixed assets (net) (-€660,345) and Stocks and contracts (-€3,107)
- Receivables within one year -€24,129
down €24,129 (-54.7%), from €44,111 to €19,982
of which Trade receivables: -€40,490
- Debts after one year +€207,669
up €207,669 (+980.2%), from €21,186 to €228,854
- Other debts +€169,503
up €169,503 (+10048.0%), from €1,687 to €171,190
- Trade debts +€157,023
up €157,023 (+124001.7%), from €127 to €157,150
- Current portion of long-term debt +€34,049
up €34,049 (+524.5%), from €6,491 to €40,540
- Tax, wage and social debts +€7,915
new in 2025: €7,915
of which Remuneration and social security: +€6,904
- Gross operating margin +€99,555
up €99,555, from -€257 to €99,298
- Staff costs +€52,557
new in 2025: €52,557
- Depreciation +€29,881
up €29,881 (+19636.3%), from €152 to €30,033
- Financial charges +€9,930
up €9,930 (+7044.7%), from €141 to €10,071
of which Financial charges: +€6,957
- Other operating charges +€2,628
up €2,628 (+678.5%), from €387 to €3,016
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.
Cash bridge derived
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 | €128,553 | €709,042 | +€580,489 | +451.6% |
| Formation expenses | 20 | €921 | €912 | -€9 | -1.0% |
| Fixed assets | 21/28 | €30,458 | €660,779 | +€630,321 | +2069.5% |
| Tangible fixed assets | 22/27 | €30,458 | €660,779 | +€630,321 | +2069.5% |
| Land and buildings | 22 | - | €271,833 | +€271,833 | |
| Plant, machinery and equipment | 23 | - | €362,374 | +€362,374 | |
| Furniture and vehicles | 24 | €30,458 | €26,572 | -€3,886 | -12.8% |
| Current assets | 29/58 | €97,175 | €47,352 | -€49,823 | -51.3% |
| Stocks and contracts in progress | 3 | - | €3,107 | +€3,107 | |
| Stocks | 30/36 | - | €3,107 | +€3,107 | |
| Amounts receivable within one year | 40/41 | €44,111 | €19,982 | -€24,129 | -54.7% |
| Trade receivables | 40 | €40,952 | €463 | -€40,490 | -98.9% |
| Other amounts receivable | 41 | €3,158 | €19,519 | +€16,361 | +518.1% |
| Cash at bank and in hand | 54/58 | €53,064 | €24,263 | -€28,802 | -54.3% |
| Total equity and liabilities | 10/49 | €128,553 | €709,042 | +€580,489 | +451.6% |
| Equity | 10/15 | €99,063 | €102,407 | +€3,344 | +3.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€937 | €2,407 | +€3,344 | |
| Amounts payable | 17/49 | €29,491 | €606,635 | +€577,145 | +1957.0% |
| Amounts payable after more than one year | 17 | €21,186 | €228,854 | +€207,669 | +980.2% |
| Financial debts | 170/4 | €21,186 | €228,854 | +€207,669 | +980.2% |
| Amounts payable within one year | 42/48 | €8,305 | €376,795 | +€368,490 | +4437.0% |
| Current portion of amounts payable after more than one year | 42 | €6,491 | €40,540 | +€34,049 | +524.5% |
| Trade debts | 44 | €127 | €157,150 | +€157,023 | +124001.7% |
| Suppliers | 440/4 | €127 | €157,150 | +€157,023 | +124001.7% |
| Taxes, remuneration and social security | 45 | - | €7,915 | +€7,915 | |
| Taxes | 450/3 | - | €1,010 | +€1,010 | |
| Remuneration and social security | 454/9 | - | €6,904 | +€6,904 | |
| Other amounts payable | 47/48 | €1,687 | €171,190 | +€169,503 | +10048.0% |
| Accrued charges and deferred income | 492/3 | - | €987 | +€987 | |
| Remuneration, social security and pensions | 62 | - | €52,557 | +€52,557 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €152 | €30,033 | +€29,881 | +19636.3% |
| Other operating charges | 640/8 | €387 | €3,016 | +€2,628 | +678.5% |
| Gross operating margin | 9900 | -€257 | €99,298 | +€99,555 | |
| Operating profit (loss) | 9901 | -€796 | €13,693 | +€14,489 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €141 | €10,071 | +€9,930 | +7044.7% |
| Recurring financial charges | 65 | €141 | €7,098 | +€6,957 | +4935.6% |
| Non-recurring financial charges | 66B | - | €2,973 | +€2,973 | |
| Profit (loss) for the period before taxes | 9903 | -€937 | €3,623 | +€4,560 | |
| Income taxes | 67/77 | - | €279 | +€279 | |
| Profit (loss) for the period | 9904 | -€937 | €3,344 | +€4,281 | |
| Profit (loss) for the period to be appropriated | 9905 | -€937 | €3,344 | +€4,281 |
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 9 October 2026 via checked.be.