GALEA: 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.
GALEA
Largest movements
- Cash -€34,416
down €34,416 (-90.0%), from €38,249 to €3,834
mainly Other debts (-€46,527) and Current portion of long-term debt (-€8,537)
- Tangible fixed assets -€7,331
down €7,331 (-2.8%), from €261,387 to €254,056
- Other debts -€46,527
down €46,527 (-14.4%), from €322,941 to €276,414
- Profit (loss) carried forward +€15,522
up €15,522 (+11.3%), from -€137,805 to -€122,283
- Current portion of long-term debt -€8,537
no longer reported in 2023 (was €8,537)
- Debts after one year -€8,149
down €8,149 (-36.5%), from €22,318 to €14,169
- Short-term financial debts +€7,528
new in 2023: €7,528
- Gross operating margin +€9,909
up €9,909 (+71.7%), from €13,814 to €23,723
- Other operating charges -€738
down €738 (-93.7%), from €788 to €50
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €299,636 | €259,370 | -€40,266 | -13.4% |
| Fixed assets | 21/28 | €261,387 | €254,056 | -€7,331 | -2.8% |
| Tangible fixed assets | 22/27 | €261,387 | €254,056 | -€7,331 | -2.8% |
| Land and buildings | 22 | €261,387 | €254,056 | -€7,331 | -2.8% |
| Current assets | 29/58 | €38,249 | €5,314 | -€32,935 | -86.1% |
| Cash at bank and in hand | 54/58 | €38,249 | €3,834 | -€34,416 | -90.0% |
| Deferred charges and accrued income | 490/1 | - | €1,481 | +€1,481 | |
| Total equity and liabilities | 10/49 | €299,636 | €259,370 | -€40,266 | -13.4% |
| Equity | 10/15 | -€55,305 | -€39,783 | +€15,522 | +28.1% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | €75,000 | = | 0.0% |
| Issued capital | 100 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €7,500 | €7,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€137,805 | -€122,283 | +€15,522 | +11.3% |
| Amounts payable | 17/49 | €354,941 | €299,153 | -€55,788 | -15.7% |
| Amounts payable after more than one year | 17 | €22,318 | €14,169 | -€8,149 | -36.5% |
| Financial debts | 170/4 | €22,318 | €14,169 | -€8,149 | -36.5% |
| Amounts payable within one year | 42/48 | €332,623 | €284,985 | -€47,639 | -14.3% |
| Current portion of amounts payable after more than one year | 42 | €8,537 | - | -€8,537 | |
| Financial debts | 43 | - | €7,528 | +€7,528 | |
| Credit institutions | 430/8 | - | €7,528 | +€7,528 | |
| Trade debts | 44 | €1,146 | €1,043 | -€103 | -9.0% |
| Suppliers | 440/4 | €1,146 | €1,043 | -€103 | -9.0% |
| Other amounts payable | 47/48 | €322,941 | €276,414 | -€46,527 | -14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,331 | €7,331 | = | 0.0% |
| Other operating charges | 640/8 | €788 | €50 | -€738 | -93.7% |
| Gross operating margin | 9900 | €13,814 | €23,723 | +€9,909 | +71.7% |
| Operating profit (loss) | 9901 | €5,695 | €16,342 | +€10,647 | +187.0% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €675 | €820 | +€145 | +21.4% |
| Recurring financial charges | 65 | €675 | €820 | +€145 | +21.4% |
| Profit (loss) for the period before taxes | 9903 | €5,021 | €15,522 | +€10,501 | +209.2% |
| Income taxes | 67/77 | €0 | - | -€0 | |
| Profit (loss) for the period | 9904 | €5,021 | €15,522 | +€10,501 | +209.2% |
| Profit (loss) for the period to be appropriated | 9905 | €5,021 | €15,522 | +€10,501 | +209.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.