Galère: what changed
What changed
Galère
NACE 43.120, Site preparation
filed annual accounts (NBB)
Net result for the year
€7.5m
2024 · €6.3m+€1.2m
Equity
€39.5m
2024 · €35.7m+€3.8m
Cash
€22.7m
2024 · €5.2m+€17.4m
Balance sheet total
€180.4m
2024 · €137.4m+€43.0m
Largest movements
Assets
- Receivables within one year +€25.0m
up €25.0m (+77.9%), from €32.1m to €57.1m
of which Trade receivables: +€25.9m
- Cash +€17.4m
up €17.4m (+332%), from €5.2m to €22.7m
mainly Trade debts (+€14.4m) and Advances received (+€11.2m)
- Tangible fixed assets +€10.6m
up €10.6m (+106%), from €10.0m to €20.7m
of which Land and buildings: +€8.1m
- Current investments -€10.2m
down €10.2m (-13.5%), from €75.4m to €65.2m
Equity and liabilities
- Trade debts +€14.4m
up €14.4m (+30.5%), from €47.1m to €61.5m
- Advances received +€11.2m
up €11.2m (+32.8%), from €34.1m to €45.3m
- Debts after one year +€10.8m
up €10.8m (+909%), from €1.2m to €12.0m
- Profit (loss) carried forward +€2.8m
up €2.8m (+21.0%), from €13.1m to €15.9m
Income statement
- Goods and materials -€13.0m
down €13.0m (-11.0%), from €118.2m to €105.2m
of which Purchases: -€13.1m
- Write-downs -€9.2m
down €9.2m, from €5.9m to -€3.3m
- Turnover -€5.2m
down €5.2m (-2.8%), from €188.8m to €183.6m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€6.3m
Turnover
-€5.2m
Other operating income
+€1.6m
Goods and materials
+€13.0m
Services and other goods
+€137,545
Staff costs
-€1.9m
Depreciation
-€515,830
Write-downs
+€9.2m
Provisions
-€17,591
Other operating charges
+€583,024
Other operating items
-€14.1m
Financial income
-€956,427
Financial charges
-€297,256
Taxes
-€354,734
Result 2025
€7.5m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€11.6m
Investment
-€2.2m
Financing
+€8.0m
Cash 2024
€5.2m
From operations (derived)
+€11.6m
Net result for the year
+€7.5m
Depreciation
+€2.2m
Stocks and contracts
-€650,977
Receivables within one year
-€25.0m
Deferred charges and accrued income
+€110,823
Provisions
-€2,132
Trade debts
+€14.4m
Tax, wage and social debts
+€540,233
Advances received
+€11.2m
Other debts
+€1.1m
Accrued charges and deferred income
+€285,574
Investment (derived)
-€2.2m
Investment in fixed assets (net)
-€12.4m
Current investments
+€10.2m
Financing
+€8.0m
Debts after one year
+€10.8m
Current portion of long-term debt
+€980,517
Contributions, distributions and other
-€3.8m
Cash 2025
€22.7m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €137,445,584 | €180,449,158 | +€43.0m | +31.3% |
| Fixed assets | 21/28 | €20,087,100 | €30,282,994 | +€10.2m | +50.8% |
| Intangible fixed assets | 21 | €22,702 | €21,565 | -€1,137 | -5.0% |
| Tangible fixed assets | 22/27 | €10,024,804 | €20,664,435 | +€10.6m | +106% |
| Land and buildings | 22 | €1,465,873 | €9,533,472 | +€8.1m | +550% |
| Plant, machinery and equipment | 23 | €3,246,023 | €3,343,246 | +€97,224 | +3.0% |
| Furniture and vehicles | 24 | €483,347 | €957,065 | +€473,717 | +98.0% |
| Leasing and similar rights | 25 | €1,394,734 | €1,638,475 | +€243,742 | +17.5% |
| Other tangible fixed assets | 26 | €241,585 | €167,843 | -€73,742 | -30.5% |
| Assets under construction and advance payments | 27 | €3,193,241 | €5,024,334 | +€1.8m | +57.3% |
| Financial fixed assets | 28 | €10,039,594 | €9,596,994 | -€442,601 | -4.4% |
| Affiliated companies | 280/1 | €8,108,082 | €8,005,341 | -€102,741 | -1.3% |
| Participating interests | 280 | €8,108,082 | €8,005,341 | -€102,741 | -1.3% |
| Companies linked by participating interests | 282/3 | €798,900 | €817,899 | +€18,999 | +2.4% |
| Participating interests | 282 | €373,344 | €392,343 | +€18,999 | +5.1% |
| Amounts receivable | 283 | €425,556 | €425,556 | = | 0.0% |
| Other financial fixed assets | 284/8 | €1,132,613 | €773,755 | -€358,858 | -31.7% |
| Shares | 284 | €200,204 | €223,167 | +€22,963 | +11.5% |
| Amounts receivable and cash guarantees | 285/8 | €932,408 | €550,587 | -€381,821 | -40.9% |
| Current assets | 29/58 | €117,358,484 | €150,166,165 | +€32.8m | +28.0% |
| Stocks and contracts in progress | 3 | €3,479,758 | €4,130,735 | +€650,977 | +18.7% |
| Stocks | 30/36 | €915,906 | €839,924 | -€75,982 | -8.3% |
| Raw materials and consumables | 30/31 | €915,906 | €839,924 | -€75,982 | -8.3% |
| Contracts in progress | 37 | €2,563,852 | €3,290,811 | +€726,959 | +28.4% |
| Amounts receivable within one year | 40/41 | €32,121,924 | €57,145,249 | +€25.0m | +77.9% |
| Trade receivables | 40 | €26,091,831 | €52,038,580 | +€25.9m | +99.4% |
| Other amounts receivable | 41 | €6,030,093 | €5,106,669 | -€923,424 | -15.3% |
| Current investments | 50/53 | €75,422,003 | €65,227,271 | -€10.2m | -13.5% |
| Other investments | 51/53 | €75,422,003 | €65,227,271 | -€10.2m | -13.5% |
| Cash at bank and in hand | 54/58 | €5,246,029 | €22,684,964 | +€17.4m | +332% |
| Deferred charges and accrued income | 490/1 | €1,088,770 | €977,946 | -€110,823 | -10.2% |
| Total equity and liabilities | 10/49 | €137,445,584 | €180,449,158 | +€43.0m | +31.3% |
| Equity | 10/15 | €35,704,553 | €39,464,173 | +€3.8m | +10.5% |
| Contributions | 10/11 | €21,440,566 | €21,440,566 | = | 0.0% |
| Reserves | 13 | €1,136,772 | €2,134,542 | +€997,770 | +87.8% |
| Tax-exempt reserves | 132 | €1,136,772 | €2,134,542 | +€997,770 | +87.8% |
| Profit (loss) carried forward | 14 | €13,127,215 | €15,889,065 | +€2.8m | +21.0% |
| Provisions and deferred taxes | 16 | €2,132 | - | -€2,132 | |
| Provisions for liabilities and charges | 160/5 | €2,132 | - | -€2,132 | |
| Pensions and similar obligations | 160 | €2,132 | - | -€2,132 | |
| Amounts payable | 17/49 | €101,738,898 | €140,984,985 | +€39.2m | +38.6% |
| Amounts payable after more than one year | 17 | €1,186,872 | €11,975,312 | +€10.8m | +909% |
| Financial debts | 170/4 | €1,186,872 | €11,975,312 | +€10.8m | +909% |
| Leasing and similar obligations | 172 | €1,186,872 | €1,178,597 | -€8,275 | -0.7% |
| Credit institutions | 173 | - | €10,796,715 | +€10.8m | |
| Amounts payable within one year | 42/48 | €100,492,600 | €128,664,673 | +€28.2m | +28.0% |
| Current portion of amounts payable after more than one year | 42 | €347,546 | €1,328,063 | +€980,517 | +282% |
| Trade debts | 44 | €47,115,511 | €61,466,211 | +€14.4m | +30.5% |
| Suppliers | 440/4 | €47,115,511 | €61,466,211 | +€14.4m | +30.5% |
| Advances received on contracts in progress | 46 | €34,090,479 | €45,287,087 | +€11.2m | +32.8% |
| Taxes, remuneration and social security | 45 | €8,701,941 | €9,242,174 | +€540,233 | +6.2% |
| Taxes | 450/3 | €1,976,344 | €2,049,014 | +€72,671 | +3.7% |
| Remuneration and social security | 454/9 | €6,725,597 | €7,193,159 | +€467,562 | +7.0% |
| Other amounts payable | 47/48 | €10,237,123 | €11,341,139 | +€1.1m | +10.8% |
| Accrued charges and deferred income | 492/3 | €59,426 | €345,000 | +€285,574 | +481% |
| Operating income | 70/76A | €196,554,464 | €178,806,102 | -€17.7m | -9.0% |
| Turnover | 70 | €188,847,818 | €183,648,117 | -€5.2m | -2.8% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €21,759 | -€13,606,387 | -€13.6m | |
| Own construction capitalised | 72 | €1,165,813 | €692,460 | -€473,353 | -40.6% |
| Other operating income | 74 | €6,519,074 | €8,071,913 | +€1.6m | +23.8% |
| Operating charges | 60/66A | €189,865,571 | €169,318,468 | -€20.5m | -10.8% |
| Goods for resale, raw materials and consumables | 60 | €118,207,475 | €105,173,016 | -€13.0m | -11.0% |
| Purchases | 600/8 | €118,242,358 | €105,097,034 | -€13.1m | -11.1% |
| Change in stocks: decrease (increase) | 609 | -€34,883 | €75,982 | +€110,865 | |
| Services and other goods | 61 | €23,826,126 | €23,688,581 | -€137,545 | -0.6% |
| Remuneration, social security and pensions | 62 | €39,153,741 | €41,033,043 | +€1.9m | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,685,602 | €2,201,432 | +€515,830 | +30.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,937,857 | -€3,266,940 | -€9.2m | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€19,723 | -€2,132 | +€17,591 | +89.2% |
| Other operating charges | 640/8 | €1,074,491 | €491,467 | -€583,024 | -54.3% |
| Operating profit (loss) | 9901 | €6,688,894 | €9,487,635 | +€2.8m | +41.8% |
| Financial income | 75/76B | €2,942,137 | €1,985,710 | -€956,427 | -32.5% |
| Recurring financial income | 75 | €2,922,908 | €1,966,711 | -€956,197 | -32.7% |
| Income from financial fixed assets | 750 | €264,783 | €40,947 | -€223,836 | -84.5% |
| Income from current assets | 751 | €2,646,402 | €1,902,206 | -€744,196 | -28.1% |
| Other financial income | 752/9 | €11,722 | €23,559 | +€11,836 | +101% |
| Non-recurring financial income | 76B | €19,229 | €18,999 | -€230 | -1.2% |
| Financial charges | 65/66B | €643,041 | €940,297 | +€297,256 | +46.2% |
| Recurring financial charges | 65 | €616,969 | €801,512 | +€184,543 | +29.9% |
| Debt charges | 650 | €259,630 | €567,226 | +€307,596 | +118% |
| Other financial charges | 652/9 | €357,339 | €234,286 | -€123,053 | -34.4% |
| Non-recurring financial charges | 66B | €26,072 | €138,784 | +€112,712 | +432% |
| Profit (loss) for the period before taxes | 9903 | €8,987,990 | €10,533,048 | +€1.5m | +17.2% |
| Income taxes | 67/77 | €2,659,075 | €3,013,809 | +€354,734 | +13.3% |
| Taxes | 670/3 | €2,659,075 | €3,085,151 | +€426,076 | +16.0% |
| Tax adjustments and reversals of tax provisions | 77 | - | €71,342 | +€71,342 | |
| Profit (loss) for the period | 9904 | €6,328,915 | €7,519,239 | +€1.2m | +18.8% |
| Transfer to tax-exempt reserves | 689 | €997,770 | €997,770 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,331,145 | €6,521,469 | +€1.2m | +22.3% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.