GALERIJ BALCAEN: what changed
What changed
GALERIJ BALCAEN
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
€24,068
2024 · €16,616+€7,452
Equity
€423,510
2024 · €433,443-€9,933
Cash
€43
2024 · €130-€87
Balance sheet total
€574,751
2024 · €561,927+€12,824
Largest movements
Assets
- Tangible fixed assets +€26,657
up €26,657 (+6.1%), from €437,322 to €463,979
of which Land and buildings: +€29,926
- Receivables within one year -€14,375
down €14,375 (-15.2%), from €94,693 to €80,318
of which Trade receivables: -€8,050
Equity and liabilities
- Other debts +€37,159
up €37,159 (+295%), from €12,612 to €49,771
- Current portion of long-term debt -€17,436
down €17,436 (-78.6%), from €22,181 to €4,745
- Short-term financial debts +€15,536
up €15,536 (+1,020%), from €1,523 to €17,059
- Trade debts -€12,022
down €12,022 (-30.9%), from €38,962 to €26,940
- Reserves -€9,000
down €9,000 (-11.2%), from €80,359 to €71,359
of which Distributable reserves: -€9,000
Income statement
- Gross operating margin +€12,336
up €12,336 (+15.7%), from €78,421 to €90,757
- Staff costs +€6,309
up €6,309 (+15.0%), from €41,978 to €48,287
- Financial charges -€3,067
down €3,067 (-42.4%), from €7,231 to €4,164
- Taxes +€2,146
up €2,146 (+69.7%), from €3,078 to €5,224
- Depreciation -€1,846
down €1,846 (-27.6%), from €6,697 to €4,851
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
€16,616
Gross operating margin
+€12,336
Staff costs
-€6,309
Depreciation
+€1,846
Other operating charges
-€1,070
Financial income
-€272
Financial charges
+€3,067
Taxes
-€2,146
Result 2025
€24,068
raises the resultlowers the result
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
+€60,012
Investment
-€31,508
Financing
-€28,591
Cash 2024
€130
From operations (derived)
+€60,012
Net result for the year
+€24,068
Depreciation
+€4,851
Stocks and contracts
-€629
Receivables within one year
+€14,375
Trade debts
-€12,022
Tax, wage and social debts
-€7,990
Other debts
+€37,159
Accrued charges and deferred income
+€200
Investment (derived)
-€31,508
Investment in fixed assets (net)
-€31,508
Financing
-€28,591
Debts after one year
+€7,310
Current portion of long-term debt
-€17,436
Short-term financial debts
+€15,536
Contributions, distributions and other
-€34,001
Cash 2025
€43
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €561,927 | €574,751 | +€12,824 | +2.3% |
| Fixed assets | 21/28 | €438,054 | €464,711 | +€26,657 | +6.1% |
| Tangible fixed assets | 22/27 | €437,322 | €463,979 | +€26,657 | +6.1% |
| Land and buildings | 22 | €430,285 | €460,211 | +€29,926 | +7.0% |
| Plant, machinery and equipment | 23 | €5,246 | €3,768 | -€1,478 | -28.2% |
| Furniture and vehicles | 24 | €1,791 | - | -€1,791 | |
| Financial fixed assets | 28 | €732 | €732 | = | 0.0% |
| Current assets | 29/58 | €123,873 | €110,040 | -€13,833 | -11.2% |
| Stocks and contracts in progress | 3 | €29,050 | €29,679 | +€629 | +2.2% |
| Stocks | 30/36 | €29,050 | €29,679 | +€629 | +2.2% |
| Amounts receivable within one year | 40/41 | €94,693 | €80,318 | -€14,375 | -15.2% |
| Trade receivables | 40 | €17,500 | €9,450 | -€8,050 | -46.0% |
| Other amounts receivable | 41 | €77,193 | €70,868 | -€6,325 | -8.2% |
| Cash at bank and in hand | 54/58 | €130 | €43 | -€87 | -66.9% |
| Total equity and liabilities | 10/49 | €561,927 | €574,751 | +€12,824 | +2.3% |
| Equity | 10/15 | €433,443 | €423,510 | -€9,933 | -2.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Revaluation surpluses | 12 | €332,520 | €332,520 | = | 0.0% |
| Reserves | 13 | €80,359 | €71,359 | -€9,000 | -11.2% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Other | 1319 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €78,500 | €69,500 | -€9,000 | -11.5% |
| Profit (loss) carried forward | 14 | €1,972 | €1,039 | -€933 | -47.3% |
| Amounts payable | 17/49 | €128,484 | €151,241 | +€22,757 | +17.7% |
| Amounts payable after more than one year | 17 | €4,214 | €11,524 | +€7,310 | +173% |
| Financial debts | 170/4 | €4,214 | €11,524 | +€7,310 | +173% |
| Amounts payable within one year | 42/48 | €100,870 | €116,117 | +€15,247 | +15.1% |
| Current portion of amounts payable after more than one year | 42 | €22,181 | €4,745 | -€17,436 | -78.6% |
| Financial debts | 43 | €1,523 | €17,059 | +€15,536 | +1,020% |
| Credit institutions | 430/8 | €1,523 | €17,059 | +€15,536 | +1,020% |
| Trade debts | 44 | €38,962 | €26,940 | -€12,022 | -30.9% |
| Suppliers | 440/4 | €38,962 | €26,940 | -€12,022 | -30.9% |
| Taxes, remuneration and social security | 45 | €25,592 | €17,602 | -€7,990 | -31.2% |
| Taxes | 450/3 | €19,910 | €12,514 | -€7,396 | -37.1% |
| Remuneration and social security | 454/9 | €5,682 | €5,088 | -€594 | -10.5% |
| Other amounts payable | 47/48 | €12,612 | €49,771 | +€37,159 | +295% |
| Accrued charges and deferred income | 492/3 | €23,400 | €23,600 | +€200 | +0.9% |
| Non-recurring operating income | 76A | - | €14,050 | +€14,050 | |
| Remuneration, social security and pensions | 62 | €41,978 | €48,287 | +€6,309 | +15.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,697 | €4,851 | -€1,846 | -27.6% |
| Other operating charges | 640/8 | €3,291 | €4,361 | +€1,070 | +32.5% |
| Gross operating margin | 9900 | €78,421 | €90,757 | +€12,336 | +15.7% |
| Operating profit (loss) | 9901 | €26,455 | €33,258 | +€6,803 | +25.7% |
| Financial income | 75/76B | €470 | €198 | -€272 | -57.9% |
| Recurring financial income | 75 | €470 | €198 | -€272 | -57.9% |
| Financial charges | 65/66B | €7,231 | €4,164 | -€3,067 | -42.4% |
| Recurring financial charges | 65 | €7,231 | €4,164 | -€3,067 | -42.4% |
| Profit (loss) for the period before taxes | 9903 | €19,694 | €29,292 | +€9,598 | +48.7% |
| Income taxes | 67/77 | €3,078 | €5,224 | +€2,146 | +69.7% |
| Profit (loss) for the period | 9904 | €16,616 | €24,068 | +€7,452 | +44.8% |
| Profit (loss) for the period to be appropriated | 9905 | €16,616 | €24,068 | +€7,452 | +44.8% |
Next steps
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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 7 November 2026 via checked.be.