GALEXINE: 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.
GALEXINE
Largest movements
- Cash +€263,377
up €263,377 (+55.5%), from €474,247 to €737,624
mainly Net result for the year (+€438,441) and Other debts (+€167,254)
- Tangible fixed assets -€35,824
down €35,824 (-17.6%), from €203,745 to €167,921
of which Furniture and vehicles: -€23,568
- Other debts +€167,254
up €167,254 (+83.6%), from €200,000 to €367,254
- Tax, wage and social debts +€41,327
up €41,327 (+56.3%), from €73,371 to €114,698
of which Taxes: +€41,327
- Reserves +€38,441
up €38,441 (+11.3%), from €339,782 to €378,223
- Debts after one year -€16,127
down €16,127 (-35.2%), from €45,837 to €29,710
- Gross operating margin +€250,846
up €250,846 (+65.1%), from €385,216 to €636,062
- Taxes +€63,938
up €63,938 (+73.3%), from €87,199 to €151,138
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.
Derived cash bridge
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 | €684,314 | €908,255 | +€223,940 | +32.7% |
| Fixed assets | 21/28 | €203,745 | €167,921 | -€35,824 | -17.6% |
| Tangible fixed assets | 22/27 | €203,745 | €167,921 | -€35,824 | -17.6% |
| Land and buildings | 22 | €93,263 | €81,844 | -€11,420 | -12.2% |
| Plant, machinery and equipment | 23 | €7,885 | €7,048 | -€837 | -10.6% |
| Furniture and vehicles | 24 | €102,597 | €79,029 | -€23,568 | -23.0% |
| Current assets | 29/58 | €480,569 | €740,334 | +€259,764 | +54.1% |
| Amounts receivable within one year | 40/41 | €3,279 | €0 | -€3,279 | -100% |
| Other amounts receivable | 41 | €3,279 | €0 | -€3,279 | -100% |
| Cash at bank and in hand | 54/58 | €474,247 | €737,624 | +€263,377 | +55.5% |
| Deferred charges and accrued income | 490/1 | €3,043 | €2,709 | -€334 | -11.0% |
| Total equity and liabilities | 10/49 | €684,314 | €908,255 | +€223,940 | +32.7% |
| Equity | 10/15 | €341,282 | €379,723 | +€38,441 | +11.3% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €339,782 | €378,223 | +€38,441 | +11.3% |
| Distributable reserves | 133 | €339,782 | €378,223 | +€38,441 | +11.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €343,033 | €528,532 | +€185,499 | +54.1% |
| Amounts payable after more than one year | 17 | €45,837 | €29,710 | -€16,127 | -35.2% |
| Financial debts | 170/4 | €45,837 | €29,710 | -€16,127 | -35.2% |
| Amounts payable within one year | 42/48 | €297,196 | €498,822 | +€201,626 | +67.8% |
| Current portion of amounts payable after more than one year | 42 | €15,538 | €16,127 | +€590 | +3.8% |
| Trade debts | 44 | €8,287 | €742 | -€7,545 | -91.0% |
| Suppliers | 440/4 | €8,287 | €742 | -€7,545 | -91.0% |
| Taxes, remuneration and social security | 45 | €73,371 | €114,698 | +€41,327 | +56.3% |
| Taxes | 450/3 | €73,371 | €114,698 | +€41,327 | +56.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €200,000 | €367,254 | +€167,254 | +83.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,784 | €40,114 | +€4,330 | +12.1% |
| Other operating charges | 640/8 | €3,137 | €2,610 | -€527 | -16.8% |
| Gross operating margin | 9900 | €385,216 | €636,062 | +€250,846 | +65.1% |
| Operating profit (loss) | 9901 | €346,295 | €593,339 | +€247,043 | +71.3% |
| Financial income | 75/76B | €59 | €0 | -€59 | -100% |
| Recurring financial income | 75 | €59 | €0 | -€59 | -100% |
| Financial charges | 65/66B | €2,941 | €3,760 | +€819 | +27.9% |
| Recurring financial charges | 65 | €2,941 | €3,760 | +€819 | +27.9% |
| Profit (loss) for the period before taxes | 9903 | €343,414 | €589,579 | +€246,165 | +71.7% |
| Income taxes | 67/77 | €87,199 | €151,138 | +€63,938 | +73.3% |
| Profit (loss) for the period | 9904 | €256,215 | €438,441 | +€182,226 | +71.1% |
| Profit (loss) for the period to be appropriated | 9905 | €256,215 | €438,441 | +€182,226 | +71.1% |
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 27 October 2026 via checked.be.