GALECINA: 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.
GALECINA
Largest movements
- Receivables within one year -€715,482
down €715,482 (-94.4%), from €758,194 to €42,712
of which Other amounts receivable: -€756,874
- Cash +€109,372
up €109,372 (+177%), from €61,862 to €171,234
mainly Receivables within one year (+€715,482) and Other debts (+€164,624)
- Tangible fixed assets +€59,408
up €59,408 (+886%), from €6,706 to €66,115
- Reserves -€739,918
down €739,918 (-67.2%), from €1.1m to €361,285
- Other debts +€164,624
up €164,624 (+564%), from €29,176 to €193,799
- Debts after one year +€19,508
new in 2025: €19,508
- Gross operating margin +€46,921
up €46,921 (+116%), from €40,310 to €87,231
- Financial income -€27,674
down €27,674 (-91.8%), from €30,155 to €2,481
- Depreciation +€5,159
up €5,159 (+60.5%), from €8,528 to €13,686
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 | €1,153,990 | €607,920 | -€546,070 | -47.3% |
| Fixed assets | 21/28 | €332,833 | €392,241 | +€59,408 | +17.8% |
| Tangible fixed assets | 22/27 | €6,706 | €66,115 | +€59,408 | +886% |
| Furniture and vehicles | 24 | €6,706 | €66,115 | +€59,408 | +886% |
| Financial fixed assets | 28 | €326,126 | €326,126 | = | 0.0% |
| Current assets | 29/58 | €821,157 | €215,679 | -€605,478 | -73.7% |
| Amounts receivable within one year | 40/41 | €758,194 | €42,712 | -€715,482 | -94.4% |
| Trade receivables | 40 | - | €41,392 | +€41,392 | |
| Other amounts receivable | 41 | €758,194 | €1,320 | -€756,874 | -99.8% |
| Cash at bank and in hand | 54/58 | €61,862 | €171,234 | +€109,372 | +177% |
| Deferred charges and accrued income | 490/1 | €1,102 | €1,733 | +€631 | +57.3% |
| Total equity and liabilities | 10/49 | €1,153,990 | €607,920 | -€546,070 | -47.3% |
| Equity | 10/15 | €1,113,603 | €373,685 | -€739,918 | -66.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,101,203 | €361,285 | -€739,918 | -67.2% |
| Distributable reserves | 133 | €1,101,203 | €361,285 | -€739,918 | -67.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €40,387 | €234,235 | +€193,848 | +480% |
| Amounts payable after more than one year | 17 | - | €19,508 | +€19,508 | |
| Financial debts | 170/4 | - | €19,508 | +€19,508 | |
| Amounts payable within one year | 42/48 | €39,179 | €214,251 | +€175,072 | +447% |
| Current portion of amounts payable after more than one year | 42 | €0 | €5,793 | +€5,793 | |
| Financial debts | 43 | €8,544 | €6,110 | -€2,434 | -28.5% |
| Credit institutions | 430/8 | €8,544 | €6,110 | -€2,434 | -28.5% |
| Trade debts | 44 | €33 | €4,367 | +€4,335 | +13,309% |
| Suppliers | 440/4 | €33 | €4,367 | +€4,335 | +13,309% |
| Taxes, remuneration and social security | 45 | €1,427 | €4,182 | +€2,755 | +193% |
| Taxes | 450/3 | €1,427 | €4,182 | +€2,755 | +193% |
| Other amounts payable | 47/48 | €29,176 | €193,799 | +€164,624 | +564% |
| Accrued charges and deferred income | 492/3 | €1,208 | €476 | -€732 | -60.6% |
| Non-recurring operating income | 76A | €0 | €9,294 | +€9,294 | |
| Remuneration, social security and pensions | 62 | €817 | €326 | -€490 | -60.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,528 | €13,686 | +€5,159 | +60.5% |
| Other operating charges | 640/8 | €2,026 | €1,667 | -€359 | -17.7% |
| Gross operating margin | 9900 | €40,310 | €87,231 | +€46,921 | +116% |
| Operating profit (loss) | 9901 | €28,939 | €71,551 | +€42,611 | +147% |
| Financial income | 75/76B | €30,155 | €2,481 | -€27,674 | -91.8% |
| Recurring financial income | 75 | €30,155 | €2,481 | -€27,674 | -91.8% |
| Financial charges | 65/66B | €1,631 | €1,221 | -€411 | -25.2% |
| Recurring financial charges | 65 | €1,631 | €1,221 | -€411 | -25.2% |
| Profit (loss) for the period before taxes | 9903 | €57,463 | €72,810 | +€15,348 | +26.7% |
| Income taxes | 67/77 | €17,143 | €17,435 | +€292 | +1.7% |
| Profit (loss) for the period | 9904 | €40,320 | €55,376 | +€15,056 | +37.3% |
| Profit (loss) for the period to be appropriated | 9905 | €40,320 | €55,376 | +€15,056 | +37.3% |
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 22 October 2026 via checked.be.