GALB: what changed
GALB
Largest movements
- Receivables within one year -€36,462
down €36,462 (-49.0%), from €74,346 to €37,884
of which Trade receivables: -€33,569
- Tangible fixed assets +€21,908
up €21,908 (+127%), from €17,184 to €39,092
of which Furniture and vehicles: +€22,444
- Cash -€7,689
down €7,689 (-28.9%), from €26,579 to €18,890
mainly Investment in fixed assets (net) (-€33,388) and Debts after one year (-€11,503)
- Debts after one year -€11,503
down €11,503 (-56.3%), from €20,449 to €8,946
- Profit (loss) carried forward -€6,163
down €6,163 (-15.3%), from €40,323 to €34,160
- Trade debts -€3,713
down €3,713 (-76.6%), from €4,848 to €1,135
- Tax, wage and social debts -€1,361
down €1,361 (-86.5%), from €1,573 to €212
- Gross operating margin -€23,031
down €23,031 (-73.3%), from €31,438 to €8,407
- Taxes -€8,370
down €8,370 (-97.5%), from €8,582 to €212
- Depreciation +€4,637
up €4,637 (+67.8%), from €6,843 to €11,480
- Other operating charges -€601
down €601 (-32.2%), from €1,867 to €1,266
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €119,047 | €97,064 | -€21,983 | -18.5% |
| Fixed assets | 21/28 | €17,209 | €39,117 | +€21,908 | +127% |
| Tangible fixed assets | 22/27 | €17,184 | €39,092 | +€21,908 | +127% |
| Furniture and vehicles | 24 | €14,851 | €37,295 | +€22,444 | +151% |
| Other tangible fixed assets | 26 | €2,333 | €1,797 | -€536 | -23.0% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €101,838 | €57,947 | -€43,891 | -43.1% |
| Amounts receivable within one year | 40/41 | €74,346 | €37,884 | -€36,462 | -49.0% |
| Trade receivables | 40 | €36,928 | €3,359 | -€33,569 | -90.9% |
| Other amounts receivable | 41 | €37,418 | €34,525 | -€2,894 | -7.7% |
| Cash at bank and in hand | 54/58 | €26,579 | €18,890 | -€7,689 | -28.9% |
| Deferred charges and accrued income | 490/1 | €912 | €1,173 | +€260 | +28.5% |
| Total equity and liabilities | 10/49 | €119,047 | €97,064 | -€21,983 | -18.5% |
| Equity | 10/15 | €81,223 | €75,060 | -€6,163 | -7.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €22,300 | €22,300 | = | 0.0% |
| Distributable reserves | 133 | €22,300 | €22,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,323 | €34,160 | -€6,163 | -15.3% |
| Amounts payable | 17/49 | €37,824 | €22,004 | -€15,820 | -41.8% |
| Amounts payable after more than one year | 17 | €20,449 | €8,946 | -€11,503 | -56.3% |
| Financial debts | 170/4 | €20,449 | €8,946 | -€11,503 | -56.3% |
| Amounts payable within one year | 42/48 | €17,375 | €12,850 | -€4,525 | -26.0% |
| Current portion of amounts payable after more than one year | 42 | €10,954 | €11,503 | +€548 | +5.0% |
| Trade debts | 44 | €4,848 | €1,135 | -€3,713 | -76.6% |
| Suppliers | 440/4 | €4,848 | €1,135 | -€3,713 | -76.6% |
| Taxes, remuneration and social security | 45 | €1,573 | €212 | -€1,361 | -86.5% |
| Taxes | 450/3 | €1,573 | €212 | -€1,361 | -86.5% |
| Accrued charges and deferred income | 492/3 | - | €208 | +€208 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,843 | €11,480 | +€4,637 | +67.8% |
| Other operating charges | 640/8 | €1,867 | €1,266 | -€601 | -32.2% |
| Gross operating margin | 9900 | €31,438 | €8,407 | -€23,031 | -73.3% |
| Operating profit (loss) | 9901 | €22,729 | -€4,339 | -€27,068 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,734 | €1,612 | -€122 | -7.0% |
| Recurring financial charges | 65 | €1,734 | €1,612 | -€122 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €20,995 | -€5,951 | -€26,946 | |
| Income taxes | 67/77 | €8,582 | €212 | -€8,370 | -97.5% |
| Profit (loss) for the period | 9904 | €12,414 | -€6,163 | -€18,576 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,414 | -€6,163 | -€18,576 |
Next steps
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 6 November 2026 via checked.be.