GALAXY IMMO: 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 IMMO
Largest movements
- Receivables within one year +€13,553
up €13,553 (+366.3%), from €3,700 to €17,253
of which Trade receivables: +€10,142
- Tangible fixed assets -€13,002
down €13,002 (-3.0%), from €438,843 to €425,840
- Cash +€10,313
up €10,313 (+2196.9%), from €469 to €10,782
mainly Net result for the year (+€14,966) and Depreciation (+€13,002)
- Other debts -€16,391
down €16,391 (-46.2%), from €35,467 to €19,076
- Reserves +€12,748
up €12,748 (+31.2%), from €40,917 to €53,665
of which Distributable reserves: +€12,000
- Tax, wage and social debts +€9,469
up €9,469 (+49.9%), from €18,966 to €28,435
- Current portion of long-term debt +€6,694
new in 2025: €6,694
- Other operating charges +€18,653
up €18,653 (+15807.9%), from €118 to €18,771
- Turnover +€10,142
up €10,142 (+21.1%), from €48,000 to €58,142
- Gross operating margin +€9,814
up €9,814 (+22.5%), from €43,587 to €53,402
- Taxes -€3,195
down €3,195 (-32.7%), from €9,784 to €6,589
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 | €443,012 | €453,876 | +€10,864 | +2.5% |
| Fixed assets | 21/28 | €438,843 | €425,840 | -€13,002 | -3.0% |
| Tangible fixed assets | 22/27 | €438,843 | €425,840 | -€13,002 | -3.0% |
| Land and buildings | 22 | €438,843 | €425,840 | -€13,002 | -3.0% |
| Current assets | 29/58 | €4,169 | €28,035 | +€23,866 | +572.4% |
| Amounts receivable within one year | 40/41 | €3,700 | €17,253 | +€13,553 | +366.3% |
| Trade receivables | 40 | €3,700 | €13,842 | +€10,142 | +274.1% |
| Other amounts receivable | 41 | - | €3,411 | +€3,411 | |
| Cash at bank and in hand | 54/58 | €469 | €10,782 | +€10,313 | +2196.9% |
| Total equity and liabilities | 10/49 | €443,012 | €453,876 | +€10,864 | +2.5% |
| Equity | 10/15 | €384,704 | €399,671 | +€14,966 | +3.9% |
| Contributions | 10/11 | €160,000 | €160,000 | = | 0.0% |
| Capital | 10 | €160,000 | €160,000 | = | 0.0% |
| Issued capital | 100 | €160,000 | €160,000 | = | 0.0% |
| Reserves | 13 | €40,917 | €53,665 | +€12,748 | +31.2% |
| Non-distributable reserves | 130/1 | €10,917 | €11,665 | +€748 | +6.9% |
| Legal reserve | 130 | €10,917 | €11,665 | +€748 | +6.9% |
| Distributable reserves | 133 | €30,000 | €42,000 | +€12,000 | +40.0% |
| Profit (loss) carried forward | 14 | €183,788 | €186,006 | +€2,218 | +1.2% |
| Amounts payable | 17/49 | €58,308 | €54,205 | -€4,103 | -7.0% |
| Amounts payable within one year | 42/48 | €58,308 | €54,205 | -€4,103 | -7.0% |
| Current portion of amounts payable after more than one year | 42 | - | €6,694 | +€6,694 | |
| Trade debts | 44 | €3,875 | - | -€3,875 | |
| Suppliers | 440/4 | €3,875 | - | -€3,875 | |
| Taxes, remuneration and social security | 45 | €18,966 | €28,435 | +€9,469 | +49.9% |
| Taxes | 450/3 | €18,966 | €28,435 | +€9,469 | +49.9% |
| Other amounts payable | 47/48 | €35,467 | €19,076 | -€16,391 | -46.2% |
| Turnover | 70 | €48,000 | €58,142 | +€10,142 | +21.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €4,413 | €4,740 | +€327 | +7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,002 | €13,002 | = | 0.0% |
| Other operating charges | 640/8 | €118 | €18,771 | +€18,653 | +15807.9% |
| Gross operating margin | 9900 | €43,587 | €53,402 | +€9,814 | +22.5% |
| Operating profit (loss) | 9901 | €30,467 | €21,628 | -€8,839 | -29.0% |
| Financial charges | 65/66B | €67 | €73 | +€6 | +9.4% |
| Recurring financial charges | 65 | €67 | €73 | +€6 | +9.4% |
| Profit (loss) for the period before taxes | 9903 | €30,400 | €21,555 | -€8,845 | -29.1% |
| Income taxes | 67/77 | €9,784 | €6,589 | -€3,195 | -32.7% |
| Profit (loss) for the period | 9904 | €20,616 | €14,966 | -€5,650 | -27.4% |
| Profit (loss) for the period to be appropriated | 9905 | €20,616 | €14,966 | -€5,650 | -27.4% |
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 12 October 2026 via checked.be.