GALAXYS: 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.
GALAXYS
Largest movements
- Stocks and contracts -€25,486
down €25,486 (-49.0%), from €52,026 to €26,540
- Tangible fixed assets +€15,246
up €15,246 (+817%), from €1,867 to €17,113
of which Furniture and vehicles: +€9,141
- Receivables within one year +€8,620
up €8,620 (+70.7%), from €12,184 to €20,803
of which Trade receivables: +€9,840
- Financial fixed assets +€4,000
up €4,000 (+360%), from €1,113 to €5,113
- Profit (loss) carried forward +€17,951
up €17,951 (+19.0%), from -€94,531 to -€76,580
- Other debts -€14,671
down €14,671 (-45.8%), from €32,068 to €17,397
- Tax, wage and social debts -€10,618
down €10,618 (-93.4%), from €11,365 to €747
of which Remuneration and social security: -€9,843
- Trade debts +€8,276
up €8,276 (+57.2%), from €14,461 to €22,737
- Advances received +€1,454
new in 2025: €1,454
- Staff costs -€21,348
down €21,348 (-80.3%), from €26,598 to €5,250
- Gross operating margin -€11,198
down €11,198 (-20.7%), from €54,127 to €42,929
- Financial charges +€6,027
up €6,027 (+1,025%), from €588 to €6,615
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 | €69,358 | €71,835 | +€2,477 | +3.6% |
| Fixed assets | 21/28 | €2,979 | €22,226 | +€19,246 | +646% |
| Tangible fixed assets | 22/27 | €1,867 | €17,113 | +€15,246 | +817% |
| Plant, machinery and equipment | 23 | - | €6,105 | +€6,105 | |
| Furniture and vehicles | 24 | €1,867 | €11,008 | +€9,141 | +490% |
| Financial fixed assets | 28 | €1,113 | €5,113 | +€4,000 | +360% |
| Current assets | 29/58 | €66,378 | €49,609 | -€16,769 | -25.3% |
| Stocks and contracts in progress | 3 | €52,026 | €26,540 | -€25,486 | -49.0% |
| Stocks | 30/36 | €52,026 | €26,540 | -€25,486 | -49.0% |
| Amounts receivable within one year | 40/41 | €12,184 | €20,803 | +€8,620 | +70.7% |
| Trade receivables | 40 | €8,820 | €18,660 | +€9,840 | +112% |
| Other amounts receivable | 41 | €3,364 | €2,144 | -€1,220 | -36.3% |
| Cash at bank and in hand | 54/58 | €1,089 | €1,569 | +€480 | +44.0% |
| Deferred charges and accrued income | 490/1 | €1,079 | €697 | -€381 | -35.4% |
| Total equity and liabilities | 10/49 | €69,358 | €71,835 | +€2,477 | +3.6% |
| Equity | 10/15 | €10,428 | €28,379 | +€17,951 | +172% |
| Contributions | 10/11 | €104,959 | €104,959 | = | 0.0% |
| Contributions outside capital | 11 | €104,959 | €104,959 | = | 0.0% |
| Share premium | 1100/10 | €104,959 | €104,959 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€94,531 | -€76,580 | +€17,951 | +19.0% |
| Amounts payable | 17/49 | €58,930 | €43,456 | -€15,474 | -26.3% |
| Amounts payable within one year | 42/48 | €58,930 | €43,456 | -€15,474 | -26.3% |
| Financial debts | 43 | €1,035 | €1,121 | +€86 | +8.3% |
| Other loans | 439 | €1,035 | €1,121 | +€86 | +8.3% |
| Trade debts | 44 | €14,461 | €22,737 | +€8,276 | +57.2% |
| Suppliers | 440/4 | €14,461 | €22,737 | +€8,276 | +57.2% |
| Advances received on contracts in progress | 46 | - | €1,454 | +€1,454 | |
| Taxes, remuneration and social security | 45 | €11,365 | €747 | -€10,618 | -93.4% |
| Taxes | 450/3 | €1,522 | €747 | -€775 | -50.9% |
| Remuneration and social security | 454/9 | €9,843 | - | -€9,843 | |
| Other amounts payable | 47/48 | €32,068 | €17,397 | -€14,671 | -45.8% |
| Non-recurring operating income | 76A | €6,219 | €11,443 | +€5,224 | +84.0% |
| Remuneration, social security and pensions | 62 | €26,598 | €5,250 | -€21,348 | -80.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,688 | €2,035 | +€347 | +20.5% |
| Other operating charges | 640/8 | €1,291 | €770 | -€521 | -40.3% |
| Non-recurring operating charges | 66A | €14,085 | €10,307 | -€3,778 | -26.8% |
| Gross operating margin | 9900 | €54,127 | €42,929 | -€11,198 | -20.7% |
| Operating profit (loss) | 9901 | €10,465 | €24,567 | +€14,102 | +135% |
| Financial income | 75/76B | €267 | - | -€267 | |
| Recurring financial income | 75 | €267 | - | -€267 | |
| Financial charges | 65/66B | €588 | €6,615 | +€6,027 | +1,025% |
| Recurring financial charges | 65 | €588 | €6,615 | +€6,027 | +1,025% |
| Profit (loss) for the period before taxes | 9903 | €10,144 | €17,951 | +€7,807 | +77.0% |
| Profit (loss) for the period | 9904 | €10,144 | €17,951 | +€7,807 | +77.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,144 | €17,951 | +€7,807 | +77.0% |
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 26 October 2026 via checked.be.