Galeor: 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.
Galeor
Largest movements
- Cash +€46,513
up €46,513 (+29.1%), from €160,096 to €206,608
mainly Net result for the year (+€102,602) and Receivables within one year (+€23,660)
- Tangible fixed assets +€42,018
up €42,018 (+1823.7%), from €2,304 to €44,322
of which Furniture and vehicles: +€41,288
- Current investments +€29,276
new in 2025: €29,276
- Receivables within one year -€23,660
no longer reported in 2025 (was €23,660)
- Reserves +€103,000
up €103,000 (+74.1%), from €139,000 to €242,000
- Tax, wage and social debts -€12,734
down €12,734 (-29.0%), from €43,890 to €31,157
of which Taxes: -€12,734
- Trade debts +€4,928
up €4,928 (+371.9%), from €1,325 to €6,253
- Gross operating margin -€41,399
down €41,399 (-22.7%), from €182,486 to €141,087
- Taxes -€12,734
down €12,734 (-31.3%), from €40,740 to €28,007
- Depreciation +€8,786
up €8,786 (+1126.4%), from €780 to €9,566
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.
Cash bridge derived
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 | €186,060 | €280,856 | +€94,796 | +50.9% |
| Fixed assets | 21/28 | €2,304 | €44,322 | +€42,018 | +1823.7% |
| Tangible fixed assets | 22/27 | €2,304 | €44,322 | +€42,018 | +1823.7% |
| Plant, machinery and equipment | 23 | - | €730 | +€730 | |
| Furniture and vehicles | 24 | €2,304 | €43,592 | +€41,288 | +1792.1% |
| Current assets | 29/58 | €183,756 | €236,534 | +€52,778 | +28.7% |
| Amounts receivable within one year | 40/41 | €23,660 | - | -€23,660 | |
| Trade receivables | 40 | €23,660 | - | -€23,660 | |
| Current investments | 50/53 | - | €29,276 | +€29,276 | |
| Cash at bank and in hand | 54/58 | €160,096 | €206,608 | +€46,513 | +29.1% |
| Deferred charges and accrued income | 490/1 | - | €649 | +€649 | |
| Total equity and liabilities | 10/49 | €186,060 | €280,856 | +€94,796 | +50.9% |
| Equity | 10/15 | €140,844 | €243,446 | +€102,602 | +72.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €139,000 | €242,000 | +€103,000 | +74.1% |
| Distributable reserves | 133 | €139,000 | €242,000 | +€103,000 | +74.1% |
| Profit (loss) carried forward | 14 | €844 | €446 | -€398 | -47.1% |
| Amounts payable | 17/49 | €45,216 | €37,410 | -€7,806 | -17.3% |
| Amounts payable within one year | 42/48 | €45,216 | €37,410 | -€7,806 | -17.3% |
| Trade debts | 44 | €1,325 | €6,253 | +€4,928 | +371.9% |
| Suppliers | 440/4 | €1,325 | €6,253 | +€4,928 | +371.9% |
| Taxes, remuneration and social security | 45 | €43,890 | €31,157 | -€12,734 | -29.0% |
| Taxes | 450/3 | €41,740 | €29,007 | -€12,734 | -30.5% |
| Remuneration and social security | 454/9 | €2,150 | €2,150 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €780 | €9,566 | +€8,786 | +1126.4% |
| Other operating charges | 640/8 | €75 | €144 | +€69 | +92.1% |
| Gross operating margin | 9900 | €182,486 | €141,087 | -€41,399 | -22.7% |
| Operating profit (loss) | 9901 | €181,631 | €131,376 | -€50,255 | -27.7% |
| Financial income | 75/76B | €16 | - | -€16 | |
| Recurring financial income | 75 | €16 | - | -€16 | |
| Financial charges | 65/66B | €10 | €768 | +€758 | +7772.4% |
| Recurring financial charges | 65 | €10 | €768 | +€758 | +7772.4% |
| Profit (loss) for the period before taxes | 9903 | €181,637 | €130,609 | -€51,029 | -28.1% |
| Income taxes | 67/77 | €40,740 | €28,007 | -€12,734 | -31.3% |
| Profit (loss) for the period | 9904 | €140,897 | €102,602 | -€38,295 | -27.2% |
| Profit (loss) for the period to be appropriated | 9905 | €140,897 | €102,602 | -€38,295 | -27.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.