Galeries Marée: 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.
Galeries Marée
Largest movements
- Receivables after one year +€47,445
up €47,445 (+16.0%), from €296,862 to €344,307
- Tangible fixed assets +€41,309
up €41,309 (+52.7%), from €78,328 to €119,637
of which Land and buildings: +€56,917
- Receivables within one year -€27,796
down €27,796 (-34.2%), from €81,198 to €53,402
of which Other amounts receivable: -€15,920
- Cash -€11,754
down €11,754 (-49.2%), from €23,898 to €12,144
mainly Investment in fixed assets (net) (-€65,919) and Receivables after one year (-€47,445)
- Debts after one year +€51,926
up €51,926 (+89.2%), from €58,201 to €110,127
- Other debts -€13,107
down €13,107 (-87.4%), from €15,000 to €1,893
- Tax, wage and social debts +€8,640
up €8,640 (+34.8%), from €24,822 to €33,463
of which Taxes: +€4,953
- Gross operating margin -€37,153
down €37,153 (-20.6%), from €180,741 to €143,588
- Taxes -€7,939
no longer reported in 2025 (was €7,939)
- Financial charges -€6,711
down €6,711 (-26.8%), from €25,008 to €18,297
- Other operating charges -€5,077
down €5,077 (-44.0%), from €11,531 to €6,454
- Staff costs +€4,485
up €4,485 (+5.2%), from €86,309 to €90,795
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 | €689,804 | €740,249 | +€50,445 | +7.3% |
| Fixed assets | 21/28 | €78,328 | €119,637 | +€41,309 | +52.7% |
| Tangible fixed assets | 22/27 | €78,328 | €119,637 | +€41,309 | +52.7% |
| Land and buildings | 22 | €22,120 | €79,037 | +€56,917 | +257.3% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €3,824 | €0 | -€3,824 | -100.0% |
| Leasing and similar rights | 25 | €52,384 | €40,600 | -€11,784 | -22.5% |
| Current assets | 29/58 | €611,476 | €620,612 | +€9,136 | +1.5% |
| Amounts receivable after more than one year | 29 | €296,862 | €344,307 | +€47,445 | +16.0% |
| Other amounts receivable | 291 | €296,862 | €344,307 | +€47,445 | +16.0% |
| Stocks and contracts in progress | 3 | €203,996 | €205,120 | +€1,124 | +0.6% |
| Stocks | 30/36 | €203,996 | €205,120 | +€1,124 | +0.6% |
| Amounts receivable within one year | 40/41 | €81,198 | €53,402 | -€27,796 | -34.2% |
| Trade receivables | 40 | €21,008 | €9,132 | -€11,876 | -56.5% |
| Other amounts receivable | 41 | €60,190 | €44,270 | -€15,920 | -26.4% |
| Cash at bank and in hand | 54/58 | €23,898 | €12,144 | -€11,754 | -49.2% |
| Deferred charges and accrued income | 490/1 | €5,521 | €5,638 | +€117 | +2.1% |
| Total equity and liabilities | 10/49 | €689,804 | €740,249 | +€50,445 | +7.3% |
| Equity | 10/15 | €408,228 | €412,109 | +€3,881 | +1.0% |
| Contributions | 10/11 | €199,986 | €199,986 | = | 0.0% |
| Reserves | 13 | €6,693 | €6,693 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,693 | €6,693 | = | 0.0% |
| Profit (loss) carried forward | 14 | €201,549 | €205,431 | +€3,881 | +1.9% |
| Amounts payable | 17/49 | €281,576 | €328,140 | +€46,564 | +16.5% |
| Amounts payable after more than one year | 17 | €58,201 | €110,127 | +€51,926 | +89.2% |
| Financial debts | 170/4 | €58,201 | €110,127 | +€51,926 | +89.2% |
| Amounts payable within one year | 42/48 | €223,375 | €213,909 | -€9,466 | -4.2% |
| Current portion of amounts payable after more than one year | 42 | €23,661 | €25,877 | +€2,216 | +9.4% |
| Financial debts | 43 | €50,135 | €50,000 | -€135 | -0.3% |
| Credit institutions | 430/8 | €50,135 | €50,000 | -€135 | -0.3% |
| Trade debts | 44 | €67,300 | €63,691 | -€3,609 | -5.4% |
| Suppliers | 440/4 | €67,300 | €63,691 | -€3,609 | -5.4% |
| Advances received on contracts in progress | 46 | €42,456 | €38,985 | -€3,471 | -8.2% |
| Taxes, remuneration and social security | 45 | €24,822 | €33,463 | +€8,640 | +34.8% |
| Taxes | 450/3 | €4,175 | €9,128 | +€4,953 | +118.6% |
| Remuneration and social security | 454/9 | €20,647 | €24,334 | +€3,688 | +17.9% |
| Other amounts payable | 47/48 | €15,000 | €1,893 | -€13,107 | -87.4% |
| Accrued charges and deferred income | 492/3 | - | €4,104 | +€4,104 | |
| Non-recurring operating income | 76A | €197 | €1 | -€196 | -99.5% |
| Remuneration, social security and pensions | 62 | €86,309 | €90,795 | +€4,485 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,101 | €24,610 | +€1,509 | +6.5% |
| Other operating charges | 640/8 | €11,531 | €6,454 | -€5,077 | -44.0% |
| Operating charges capitalised as restructuring costs | 649 | - | €0 | = | |
| Gross operating margin | 9900 | €180,741 | €143,588 | -€37,153 | -20.6% |
| Operating profit (loss) | 9901 | €59,800 | €21,730 | -€38,069 | -63.7% |
| Financial income | 75/76B | €504 | €448 | -€56 | -11.2% |
| Recurring financial income | 75 | €504 | €448 | -€56 | -11.2% |
| Financial charges | 65/66B | €25,008 | €18,297 | -€6,711 | -26.8% |
| Recurring financial charges | 65 | €25,008 | €18,297 | -€6,711 | -26.8% |
| Profit (loss) for the period before taxes | 9903 | €35,296 | €3,881 | -€31,415 | -89.0% |
| Income taxes | 67/77 | €7,939 | - | -€7,939 | |
| Profit (loss) for the period | 9904 | €27,357 | €3,881 | -€23,476 | -85.8% |
| Profit (loss) for the period to be appropriated | 9905 | €27,357 | €3,881 | -€23,476 | -85.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.