Galgeberg: 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.
Galgeberg
Largest movements
- Tangible fixed assets -€20,550
down €20,550 (-2.3%), from €888,666 to €868,116
of which Land and buildings: -€20,000
- Other debts +€64,983
up €64,983 (+11.3%), from €572,604 to €637,587
- Debts after one year -€36,108
down €36,108 (-6.0%), from €604,299 to €568,190
- Profit (loss) carried forward -€33,181
down €33,181 (-41.0%), from -€80,836 to -€114,017
- Gross operating margin +€8,058
up €8,058 (+20.2%), from €39,959 to €48,017
- Financial charges +€7,352
up €7,352 (+12.5%), from €58,591 to €65,943
- Other operating charges -€3,298
down €3,298 (-53.5%), from €6,162 to €2,864
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,656,666 | €1,653,817 | -€2,850 | -0.2% |
| Fixed assets | 21/28 | €1,248,666 | €1,228,116 | -€20,550 | -1.6% |
| Tangible fixed assets | 22/27 | €888,666 | €868,116 | -€20,550 | -2.3% |
| Land and buildings | 22 | €879,580 | €859,580 | -€20,000 | -2.3% |
| Plant, machinery and equipment | 23 | €9,086 | €8,536 | -€550 | -6.1% |
| Financial fixed assets | 28 | €360,000 | €360,000 | = | 0.0% |
| Current assets | 29/58 | €408,000 | €425,701 | +€17,701 | +4.3% |
| Amounts receivable within one year | 40/41 | €408,000 | €416,160 | +€8,160 | +2.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €408,000 | €416,160 | +€8,160 | +2.0% |
| Cash at bank and in hand | 54/58 | - | €9,541 | +€9,541 | |
| Total equity and liabilities | 10/49 | €1,656,666 | €1,653,817 | -€2,850 | -0.2% |
| Equity | 10/15 | -€62,236 | -€95,417 | -€33,181 | -53.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€80,836 | -€114,017 | -€33,181 | -41.0% |
| Amounts payable | 17/49 | €1,718,902 | €1,749,234 | +€30,331 | +1.8% |
| Amounts payable after more than one year | 17 | €604,299 | €568,190 | -€36,108 | -6.0% |
| Financial debts | 170/4 | €604,299 | €568,190 | -€36,108 | -6.0% |
| Amounts payable within one year | 42/48 | €1,113,854 | €1,177,856 | +€64,003 | +5.7% |
| Current portion of amounts payable after more than one year | 42 | €534,128 | €536,108 | +€1,980 | +0.4% |
| Financial debts | 43 | €1,947 | €0 | -€1,947 | -100% |
| Credit institutions | 430/8 | €1,947 | €0 | -€1,947 | -100% |
| Trade debts | 44 | €778 | €34 | -€744 | -95.7% |
| Suppliers | 440/4 | €778 | €34 | -€744 | -95.7% |
| Taxes, remuneration and social security | 45 | €4,396 | €4,127 | -€269 | -6.1% |
| Taxes | 450/3 | €4,396 | €4,127 | -€269 | -6.1% |
| Other amounts payable | 47/48 | €572,604 | €637,587 | +€64,983 | +11.3% |
| Accrued charges and deferred income | 492/3 | €750 | €3,187 | +€2,437 | +325% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,550 | €20,550 | = | 0.0% |
| Other operating charges | 640/8 | €6,162 | €2,864 | -€3,298 | -53.5% |
| Gross operating margin | 9900 | €39,959 | €48,017 | +€8,058 | +20.2% |
| Operating profit (loss) | 9901 | €13,246 | €24,602 | +€11,356 | +85.7% |
| Financial income | 75/76B | €8,323 | €8,160 | -€163 | -2.0% |
| Recurring financial income | 75 | €8,323 | €8,160 | -€163 | -2.0% |
| Financial charges | 65/66B | €58,591 | €65,943 | +€7,352 | +12.5% |
| Recurring financial charges | 65 | €58,591 | €65,943 | +€7,352 | +12.5% |
| Profit (loss) for the period before taxes | 9903 | -€37,022 | -€33,181 | +€3,841 | +10.4% |
| Profit (loss) for the period | 9904 | -€37,022 | -€33,181 | +€3,841 | +10.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,022 | -€33,181 | +€3,841 | +10.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.