GALE - ART CONSTRUCT: what changed
Two fiscal 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.
GALE - ART CONSTRUCT
Largest movements
- Stocks and contracts +€237,500
up €237,500 (+395.8%), from €60,000 to €297,500
- Receivables within one year -€149,516
down €149,516 (-39.6%), from €377,764 to €228,248
of which Trade receivables: -€108,999
- Tangible fixed assets -€39,811
down €39,811 (-40.1%), from €99,217 to €59,406
of which Furniture and vehicles: -€36,520
- Cash +€24,818
up €24,818 (+2075.5%), from €1,196 to €26,013
mainly Receivables within one year (+€149,516) and Short-term financial debts (+€111,559)
- Trade debts -€142,972
down €142,972 (-55.4%), from €257,934 to €114,962
- Short-term financial debts +€111,559
up €111,559 (+290.2%), from €38,441 to €150,000
- Other debts +€105,214
up €105,214 (+470.6%), from €22,358 to €127,572
- Profit (loss) carried forward +€42,444
up €42,444 (+41.5%), from -€102,235 to -€59,791
- Debts after one year -€28,311
down €28,311 (-78.4%), from €36,110 to €7,799
- Gross operating margin +€166,659
up €166,659, from -€1,702 to €164,957
- Staff costs -€9,128
down €9,128 (-11.9%), from €76,497 to €67,370
- Financial charges +€4,310
up €4,310 (+70.9%), from €6,075 to €10,384
- Other operating charges +€4,086
up €4,086 (+148.8%), from €2,747 to €6,833
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €539,781 | €612,747 | +€72,965 | +13.5% |
| Fixed assets | 21/28 | €99,795 | €59,984 | -€39,811 | -39.9% |
| Tangible fixed assets | 22/27 | €99,217 | €59,406 | -€39,811 | -40.1% |
| Plant, machinery and equipment | 23 | €12,557 | €9,267 | -€3,291 | -26.2% |
| Furniture and vehicles | 24 | €86,660 | €50,139 | -€36,520 | -42.1% |
| Financial fixed assets | 28 | €578 | €578 | = | 0.0% |
| Current assets | 29/58 | €439,986 | €552,762 | +€112,776 | +25.6% |
| Stocks and contracts in progress | 3 | €60,000 | €297,500 | +€237,500 | +395.8% |
| Contracts in progress | 37 | €60,000 | €297,500 | +€237,500 | +395.8% |
| Amounts receivable within one year | 40/41 | €377,764 | €228,248 | -€149,516 | -39.6% |
| Trade receivables | 40 | €263,057 | €154,058 | -€108,999 | -41.4% |
| Other amounts receivable | 41 | €114,707 | €74,191 | -€40,516 | -35.3% |
| Cash at bank and in hand | 54/58 | €1,196 | €26,013 | +€24,818 | +2075.5% |
| Deferred charges and accrued income | 490/1 | €1,027 | €1,001 | -€26 | -2.5% |
| Total equity and liabilities | 10/49 | €539,781 | €612,747 | +€72,965 | +13.5% |
| Equity | 10/15 | €11,335 | €53,780 | +€42,444 | +374.4% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €107,373 | €107,373 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,555 | €3,555 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,555 | €3,555 | = | 0.0% |
| Distributable reserves | 133 | €103,818 | €103,818 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€102,235 | -€59,791 | +€42,444 | +41.5% |
| Amounts payable | 17/49 | €528,446 | €558,967 | +€30,521 | +5.8% |
| Amounts payable after more than one year | 17 | €36,110 | €7,799 | -€28,311 | -78.4% |
| Financial debts | 170/4 | €36,110 | €7,799 | -€28,311 | -78.4% |
| Amounts payable within one year | 42/48 | €487,510 | €550,066 | +€62,556 | +12.8% |
| Current portion of amounts payable after more than one year | 42 | €30,594 | €28,311 | -€2,283 | -7.5% |
| Financial debts | 43 | €38,441 | €150,000 | +€111,559 | +290.2% |
| Credit institutions | 430/8 | €38,441 | €150,000 | +€111,559 | +290.2% |
| Trade debts | 44 | €257,934 | €114,962 | -€142,972 | -55.4% |
| Suppliers | 440/4 | €257,934 | €114,962 | -€142,972 | -55.4% |
| Advances received on contracts in progress | 46 | €122,600 | €122,600 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €15,583 | €6,621 | -€8,962 | -57.5% |
| Taxes | 450/3 | €12,349 | €2,603 | -€9,746 | -78.9% |
| Remuneration and social security | 454/9 | €3,234 | €4,018 | +€784 | +24.3% |
| Other amounts payable | 47/48 | €22,358 | €127,572 | +€105,214 | +470.6% |
| Accrued charges and deferred income | 492/3 | €4,826 | €1,102 | -€3,724 | -77.2% |
| Remuneration, social security and pensions | 62 | €76,497 | €67,370 | -€9,128 | -11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,704 | €41,836 | -€868 | -2.0% |
| Other operating charges | 640/8 | €2,747 | €6,833 | +€4,086 | +148.8% |
| Gross operating margin | 9900 | -€1,702 | €164,957 | +€166,659 | |
| Operating profit (loss) | 9901 | -€123,650 | €48,919 | +€172,568 | |
| Financial income | 75/76B | €4,548 | €4,343 | -€205 | -4.5% |
| Recurring financial income | 75 | €4,548 | €4,343 | -€205 | -4.5% |
| Financial charges | 65/66B | €6,075 | €10,384 | +€4,310 | +70.9% |
| Recurring financial charges | 65 | €6,075 | €10,384 | +€4,310 | +70.9% |
| Profit (loss) for the period before taxes | 9903 | -€125,177 | €42,877 | +€168,054 | |
| Income taxes | 67/77 | €463 | €433 | -€30 | -6.5% |
| Profit (loss) for the period | 9904 | -€125,639 | €42,444 | +€168,084 | |
| Profit (loss) for the period to be appropriated | 9905 | -€125,639 | €42,444 | +€168,084 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.