GALERIES SAINT-LAMBERT: 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.
What changed
GALERIES SAINT-LAMBERT
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.8m
2024 · €2.1m-€215,999
Equity
€21.3m
2024 · €19.4m+€1.8m
Cash
-
not filed
Balance sheet total
€40.9m
2024 · €41.6m-€791,623
Largest movements
Assets
- Tangible fixed assets -€422,087
down €422,087 (-1.1%), from €38.4m to €38.0m
of which Land and buildings: -€520,049
Equity and liabilities
- Debts after one year -€2.6m
down €2.6m (-16.7%), from €15.4m to €12.8m
of which Financial debts: -€2.4m
- Profit (loss) carried forward +€1.8m
up €1.8m (+12.0%), from €15.4m to €17.3m
Income statement
- Gross operating margin -€126,397
down €126,397 (-2.2%), from €5.7m to €5.5m
- Other operating charges +€101,169
up €101,169 (+10.4%), from €972,740 to €1.1m
- Taxes -€63,099
down €63,099 (-9.3%), from €678,740 to €615,640
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.
Result 2024
€2.1m
Gross operating margin
-€126,397
Depreciation
-€44,918
Write-downs
+€5,392
Other operating charges
-€101,169
Financial income
-€46,867
Financial charges
+€34,861
Taxes
+€63,099
Result 2025
€1.8m
raises the resultlowers the result
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €41,644,071 | €40,852,448 | -€791,623 | -1.9% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €38,448,677 | €38,026,590 | -€422,087 | -1.1% |
| Tangible fixed assets | 22/27 | €38,448,676 | €38,026,589 | -€422,087 | -1.1% |
| Land and buildings | 22 | €38,448,676 | €37,928,627 | -€520,049 | -1.4% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Assets under construction and advance payments | 27 | - | €97,962 | +€97,962 | |
| Financial fixed assets | 28 | €1 | €1 | = | 0.0% |
| Current assets | 29/58 | €3,195,394 | €2,825,858 | -€369,536 | -11.6% |
| Amounts receivable within one year | 40/41 | €2,587,166 | €2,581,125 | -€6,041 | -0.2% |
| Trade receivables | 40 | €1,629,758 | €1,392,867 | -€236,891 | -14.5% |
| Other amounts receivable | 41 | €957,408 | €1,188,258 | +€230,850 | +24.1% |
| Deferred charges and accrued income | 490/1 | €608,228 | €244,732 | -€363,495 | -59.8% |
| Total equity and liabilities | 10/49 | €41,644,071 | €40,852,448 | -€791,623 | -1.9% |
| Equity | 10/15 | €19,416,461 | €21,254,126 | +€1.8m | +9.5% |
| Contributions | 10/11 | €2,550,000 | €2,550,000 | = | 0.0% |
| Capital | 10 | €2,550,000 | €2,550,000 | = | 0.0% |
| Issued capital | 100 | €2,550,000 | €2,550,000 | = | 0.0% |
| Reserves | 13 | €1,315,200 | €1,315,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €255,000 | €255,000 | = | 0.0% |
| Legal reserve | 130 | €255,000 | €255,000 | = | 0.0% |
| Distributable reserves | 133 | €1,060,200 | €1,060,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,433,977 | €17,280,898 | +€1.8m | +12.0% |
| Investment grants | 15 | €117,284 | €108,028 | -€9,256 | -7.9% |
| Provisions and deferred taxes | 16 | €39,092 | €36,006 | -€3,085 | -7.9% |
| Deferred taxes | 168 | €39,092 | €36,006 | -€3,085 | -7.9% |
| Amounts payable | 17/49 | €22,188,519 | €19,562,316 | -€2.6m | -11.8% |
| Amounts payable after more than one year | 17 | €15,361,364 | €12,792,053 | -€2.6m | -16.7% |
| Financial debts | 170/4 | €14,853,463 | €12,501,880 | -€2.4m | -15.8% |
| Other amounts payable | 178/9 | €507,901 | €290,173 | -€217,727 | -42.9% |
| Amounts payable within one year | 42/48 | €4,811,361 | €4,911,743 | +€100,382 | +2.1% |
| Current portion of amounts payable after more than one year | 42 | €4,562,257 | €4,655,879 | +€93,622 | +2.1% |
| Trade debts | 44 | €182,381 | €181,299 | -€1,082 | -0.6% |
| Suppliers | 440/4 | €182,381 | €181,299 | -€1,082 | -0.6% |
| Taxes, remuneration and social security | 45 | €66,723 | €74,565 | +€7,842 | +11.8% |
| Taxes | 450/3 | €66,723 | €74,565 | +€7,842 | +11.8% |
| Accrued charges and deferred income | 492/3 | €2,015,794 | €1,858,519 | -€157,275 | -7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,523,816 | €1,568,734 | +€44,918 | +2.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €97,284 | €91,893 | -€5,392 | -5.5% |
| Other operating charges | 640/8 | €972,740 | €1,073,908 | +€101,169 | +10.4% |
| Gross operating margin | 9900 | €5,668,045 | €5,541,648 | -€126,397 | -2.2% |
| Operating profit (loss) | 9901 | €3,074,204 | €2,807,112 | -€267,092 | -8.7% |
| Financial income | 75/76B | €63,537 | €16,670 | -€46,867 | -73.8% |
| Recurring financial income | 75 | €63,537 | €16,670 | -€46,867 | -73.8% |
| Financial charges | 65/66B | €399,167 | €364,306 | -€34,861 | -8.7% |
| Recurring financial charges | 65 | €399,167 | €364,306 | -€34,861 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | €2,738,574 | €2,459,476 | -€279,098 | -10.2% |
| Transfer from deferred taxes | 780 | €3,085 | €3,085 | -€0 | 0.0% |
| Income taxes | 67/77 | €678,740 | €615,640 | -€63,099 | -9.3% |
| Profit (loss) for the period | 9904 | €2,062,920 | €1,846,921 | -€215,999 | -10.5% |
| Profit (loss) for the period to be appropriated | 9905 | €2,062,920 | €1,846,921 | -€215,999 | -10.5% |
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 19 October 2026 via checked.be.