GALETTES DE LUC: what changed
What changed
GALETTES DE LUC
NACE 10.720, Manufacture of rusks, biscuits and preserved pastry goods
filed annual accounts (NBB)
Net result for the year
€404,038
2024 · €556,404-€152,366
Equity
€2.7m
2024 · €2.7m+€4,038
Cash
€940,991
2024 · €1.2m-€288,219
Balance sheet total
€3.8m
2024 · €3.6m+€240,829
Largest movements
Assets
- Tangible fixed assets +€446,959
up €446,959 (+28.2%), from €1.6m to €2.0m
of which Land and buildings: +€499,377
- Cash -€288,219
down €288,219 (-23.4%), from €1.2m to €940,991
mainly Investment in fixed assets (net) (-€675,444) and Contributions, distributions and other (-€400,000)
- Receivables within one year +€160,504
up €160,504 (+31.6%), from €507,309 to €667,813
of which Other amounts receivable: +€186,141
- Deferred charges and accrued income -€42,415
down €42,415 (-78.4%), from €54,127 to €11,712
Equity and liabilities
- Other debts +€375,366
up €375,366 (+281,089%), from €134 to €375,500
- Debts after one year -€86,934
down €86,934 (-18.1%), from €479,536 to €392,602
- Tax, wage and social debts +€51,311
up €51,311 (+32.9%), from €156,178 to €207,489
of which Taxes: +€34,820
- Trade debts -€49,252
down €49,252 (-40.3%), from €122,195 to €72,943
Income statement
- Staff costs +€117,697
up €117,697 (+9.0%), from €1.3m to €1.4m
- Other operating charges +€102,816
up €102,816 (+762%), from €13,485 to €116,302
- Taxes -€47,389
down €47,389 (-21.8%), from €217,533 to €170,145
- Gross operating margin +€30,499
up €30,499 (+1.3%), from €2.3m to €2.4m
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
€556,404
Gross operating margin
+€30,499
Staff costs
-€117,697
Depreciation
-€4,523
Other operating charges
-€102,816
Financial income
-€7,325
Financial charges
+€2,108
Taxes
+€47,389
Result 2025
€404,038
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
+€916,802
Investment
-€687,895
Financing
-€517,126
Cash 2024
€1.2m
From operations (derived)
+€916,802
Net result for the year
+€404,038
Depreciation
+€245,546
Stocks and contracts
+€31,390
Receivables within one year
-€160,504
Deferred charges and accrued income
+€42,415
Trade debts
-€49,252
Tax, wage and social debts
+€51,311
Other debts
+€375,366
Accrued charges and deferred income
-€23,507
Investment (derived)
-€687,895
Investment in fixed assets (net)
-€675,444
Current investments
-€12,450
Financing
-€517,126
Debts after one year
-€86,934
Current portion of long-term debt
-€30,192
Contributions, distributions and other
-€400,000
Cash 2025
€940,991
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,589,871 | €3,830,700 | +€240,829 | +6.7% |
| Fixed assets | 21/28 | €1,629,659 | €2,059,557 | +€429,898 | +26.4% |
| Intangible fixed assets | 21 | €46,439 | €29,378 | -€17,061 | -36.7% |
| Tangible fixed assets | 22/27 | €1,582,681 | €2,029,640 | +€446,959 | +28.2% |
| Land and buildings | 22 | €1,289,264 | €1,788,641 | +€499,377 | +38.7% |
| Plant, machinery and equipment | 23 | €150,506 | €125,862 | -€24,644 | -16.4% |
| Furniture and vehicles | 24 | €142,911 | €115,138 | -€27,774 | -19.4% |
| Financial fixed assets | 28 | €540 | €540 | = | 0.0% |
| Current assets | 29/58 | €1,960,211 | €1,771,142 | -€189,069 | -9.6% |
| Stocks and contracts in progress | 3 | €169,565 | €138,175 | -€31,390 | -18.5% |
| Stocks | 30/36 | €169,565 | €138,175 | -€31,390 | -18.5% |
| Amounts receivable within one year | 40/41 | €507,309 | €667,813 | +€160,504 | +31.6% |
| Trade receivables | 40 | €491,849 | €466,213 | -€25,637 | -5.2% |
| Other amounts receivable | 41 | €15,460 | €201,600 | +€186,141 | +1,204% |
| Current investments | 50/53 | - | €12,450 | +€12,450 | |
| Cash at bank and in hand | 54/58 | €1,229,210 | €940,991 | -€288,219 | -23.4% |
| Deferred charges and accrued income | 490/1 | €54,127 | €11,712 | -€42,415 | -78.4% |
| Total equity and liabilities | 10/49 | €3,589,871 | €3,830,700 | +€240,829 | +6.7% |
| Equity | 10/15 | €2,687,253 | €2,691,291 | +€4,038 | +0.2% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €2,245,000 | €2,248,500 | +€3,500 | +0.2% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €2,207,500 | €2,211,000 | +€3,500 | +0.2% |
| Profit (loss) carried forward | 14 | €421,793 | €422,331 | +€538 | +0.1% |
| Amounts payable | 17/49 | €902,617 | €1,139,409 | +€236,791 | +26.2% |
| Amounts payable after more than one year | 17 | €479,536 | €392,602 | -€86,934 | -18.1% |
| Financial debts | 170/4 | €479,536 | €392,602 | -€86,934 | -18.1% |
| Amounts payable within one year | 42/48 | €399,574 | €746,806 | +€347,233 | +86.9% |
| Current portion of amounts payable after more than one year | 42 | €121,067 | €90,874 | -€30,192 | -24.9% |
| Trade debts | 44 | €122,195 | €72,943 | -€49,252 | -40.3% |
| Suppliers | 440/4 | €122,195 | €72,943 | -€49,252 | -40.3% |
| Taxes, remuneration and social security | 45 | €156,178 | €207,489 | +€51,311 | +32.9% |
| Taxes | 450/3 | €30,365 | €65,185 | +€34,820 | +115% |
| Remuneration and social security | 454/9 | €125,813 | €142,304 | +€16,491 | +13.1% |
| Other amounts payable | 47/48 | €134 | €375,500 | +€375,366 | +281,089% |
| Accrued charges and deferred income | 492/3 | €23,507 | - | -€23,507 | |
| Remuneration, social security and pensions | 62 | €1,309,987 | €1,427,684 | +€117,697 | +9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €241,024 | €245,546 | +€4,523 | +1.9% |
| Other operating charges | 640/8 | €13,485 | €116,302 | +€102,816 | +762% |
| Gross operating margin | 9900 | €2,345,008 | €2,375,506 | +€30,499 | +1.3% |
| Operating profit (loss) | 9901 | €780,512 | €585,974 | -€194,538 | -24.9% |
| Financial income | 75/76B | €9,319 | €1,994 | -€7,325 | -78.6% |
| Recurring financial income | 75 | €9,319 | €1,994 | -€7,325 | -78.6% |
| Financial charges | 65/66B | €15,894 | €13,786 | -€2,108 | -13.3% |
| Recurring financial charges | 65 | €15,894 | €13,786 | -€2,108 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | €773,937 | €574,182 | -€199,755 | -25.8% |
| Income taxes | 67/77 | €217,533 | €170,145 | -€47,389 | -21.8% |
| Profit (loss) for the period | 9904 | €556,404 | €404,038 | -€152,366 | -27.4% |
| Profit (loss) for the period to be appropriated | 9905 | €556,404 | €404,038 | -€152,366 | -27.4% |
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 2 November 2026 via checked.be.