GALE MANAGEMENT: 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.
GALE MANAGEMENT
Largest movements
- Receivables within one year +€27,164
up €27,164 (+561%), from €4,840 to €32,004
of which Trade receivables: +€19,350
- Cash -€19,341
down €19,341 (-88.7%), from €21,806 to €2,465
mainly Receivables within one year (-€27,164) and Debts after one year (-€12,142)
- Tangible fixed assets -€9,917
down €9,917 (-27.0%), from €36,789 to €26,872
- Profit (loss) carried forward +€12,388
up €12,388 (+154%), from €8,037 to €20,425
- Debts after one year -€12,142
down €12,142 (-45.3%), from €26,792 to €14,651
- Tax, wage and social debts -€1,759
down €1,759 (-14.6%), from €12,026 to €10,268
of which Taxes: -€2,459
- Other debts -€937
down €937 (-40.6%), from €2,307 to €1,371
- Gross operating margin +€24,390
up €24,390 (+746%), from €3,271 to €27,661
- Taxes +€2,070
up €2,070, from -€345 to €1,726
- Financial charges -€909
down €909 (-33.6%), from €2,703 to €1,794
- Financial income +€504
up €504 (+336%), from €150 to €654
- Other operating charges +€450
up €450 (+22.0%), from €2,039 to €2,489
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 | €67,835 | €66,191 | -€1,644 | -2.4% |
| Fixed assets | 21/28 | €39,842 | €29,925 | -€9,917 | -24.9% |
| Tangible fixed assets | 22/27 | €36,789 | €26,872 | -€9,917 | -27.0% |
| Leasing and similar rights | 25 | €36,789 | €26,872 | -€9,917 | -27.0% |
| Financial fixed assets | 28 | €3,053 | €3,053 | = | 0.0% |
| Current assets | 29/58 | €27,993 | €36,266 | +€8,273 | +29.6% |
| Amounts receivable within one year | 40/41 | €4,840 | €32,004 | +€27,164 | +561% |
| Trade receivables | 40 | €4,840 | €24,190 | +€19,350 | +400% |
| Other amounts receivable | 41 | €0 | €7,814 | +€7,814 | |
| Cash at bank and in hand | 54/58 | €21,806 | €2,465 | -€19,341 | -88.7% |
| Deferred charges and accrued income | 490/1 | €1,347 | €1,797 | +€450 | +33.4% |
| Total equity and liabilities | 10/49 | €67,835 | €66,191 | -€1,644 | -2.4% |
| Equity | 10/15 | €13,037 | €25,425 | +€12,388 | +95.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,037 | €20,425 | +€12,388 | +154% |
| Amounts payable | 17/49 | €54,798 | €40,765 | -€14,033 | -25.6% |
| Amounts payable after more than one year | 17 | €26,792 | €14,651 | -€12,142 | -45.3% |
| Financial debts | 170/4 | €26,792 | €14,651 | -€12,142 | -45.3% |
| Amounts payable within one year | 42/48 | €28,006 | €25,515 | -€2,491 | -8.9% |
| Current portion of amounts payable after more than one year | 42 | €11,638 | €12,142 | +€504 | +4.3% |
| Trade debts | 44 | €2,034 | €1,735 | -€299 | -14.7% |
| Suppliers | 440/4 | €2,034 | €1,735 | -€299 | -14.7% |
| Taxes, remuneration and social security | 45 | €12,026 | €10,268 | -€1,759 | -14.6% |
| Taxes | 450/3 | €10,526 | €8,068 | -€2,459 | -23.4% |
| Remuneration and social security | 454/9 | €1,500 | €2,200 | +€700 | +46.7% |
| Other amounts payable | 47/48 | €2,307 | €1,371 | -€937 | -40.6% |
| Accrued charges and deferred income | 492/3 | - | €600 | +€600 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,917 | €9,917 | = | 0.0% |
| Other operating charges | 640/8 | €2,039 | €2,489 | +€450 | +22.0% |
| Gross operating margin | 9900 | €3,271 | €27,661 | +€24,390 | +746% |
| Operating profit (loss) | 9901 | -€8,685 | €15,255 | +€23,940 | |
| Financial income | 75/76B | €150 | €654 | +€504 | +336% |
| Recurring financial income | 75 | €150 | €654 | +€504 | +336% |
| Financial charges | 65/66B | €2,703 | €1,794 | -€909 | -33.6% |
| Recurring financial charges | 65 | €2,703 | €1,794 | -€909 | -33.6% |
| Profit (loss) for the period before taxes | 9903 | -€11,239 | €14,114 | +€25,353 | |
| Income taxes | 67/77 | -€345 | €1,726 | +€2,070 | |
| Profit (loss) for the period | 9904 | -€10,894 | €12,388 | +€23,282 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,894 | €12,388 | +€23,282 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.