Galiant: what changed
Two fiscal 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.
Galiant
Largest movements
- Receivables within one year +€105,338
up €105,338 (+200.1%), from €52,653 to €157,991
of which Trade receivables: +€118,836
- Cash +€31,813
up €31,813 (+40.0%), from €79,548 to €111,361
mainly Net result for the year (+€245,207) and Tax, wage and social debts (+€15,591)
- Tangible fixed assets -€3,794
down €3,794 (-10.6%), from €35,928 to €32,134
of which Land and buildings: -€1,901
- Profit (loss) carried forward +€117,550
up €117,550 (+92.1%), from €127,657 to €245,207
- Tax, wage and social debts +€15,591
up €15,591 (+42.2%), from €36,908 to €52,499
- Gross operating margin +€160,809
up €160,809 (+97.0%), from €165,859 to €326,669
- Taxes +€41,417
up €41,417 (+111.3%), from €37,221 to €78,638
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.
Cash bridge derived
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 | €168,130 | €301,486 | +€133,357 | +79.3% |
| Fixed assets | 21/28 | €35,928 | €32,134 | -€3,794 | -10.6% |
| Tangible fixed assets | 22/27 | €35,928 | €32,134 | -€3,794 | -10.6% |
| Land and buildings | 22 | €33,586 | €31,685 | -€1,901 | -5.7% |
| Furniture and vehicles | 24 | €2,343 | €450 | -€1,893 | -80.8% |
| Current assets | 29/58 | €132,201 | €269,352 | +€137,151 | +103.7% |
| Amounts receivable within one year | 40/41 | €52,653 | €157,991 | +€105,338 | +200.1% |
| Trade receivables | 40 | €0 | €118,836 | +€118,836 | |
| Other amounts receivable | 41 | €52,653 | €39,155 | -€13,498 | -25.6% |
| Cash at bank and in hand | 54/58 | €79,548 | €111,361 | +€31,813 | +40.0% |
| Total equity and liabilities | 10/49 | €168,130 | €301,486 | +€133,357 | +79.3% |
| Equity | 10/15 | €127,658 | €245,208 | +€117,550 | +92.1% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €127,657 | €245,207 | +€117,550 | +92.1% |
| Amounts payable | 17/49 | €40,471 | €56,278 | +€15,807 | +39.1% |
| Amounts payable within one year | 42/48 | €40,471 | €56,278 | +€15,807 | +39.1% |
| Financial debts | 43 | €646 | €1,655 | +€1,010 | +156.4% |
| Credit institutions | 430/8 | €646 | €1,655 | +€1,010 | +156.4% |
| Trade debts | 44 | €2,918 | €2,124 | -€794 | -27.2% |
| Suppliers | 440/4 | €2,918 | €2,124 | -€794 | -27.2% |
| Taxes, remuneration and social security | 45 | €36,908 | €52,499 | +€15,591 | +42.2% |
| Taxes | 450/3 | €36,908 | €52,499 | +€15,591 | +42.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,314 | €3,794 | +€480 | +14.5% |
| Other operating charges | 640/8 | €0 | €387 | +€387 | |
| Gross operating margin | 9900 | €165,859 | €326,669 | +€160,809 | +97.0% |
| Operating profit (loss) | 9901 | €162,545 | €322,487 | +€159,942 | +98.4% |
| Financial income | 75/76B | €1,959 | €1,289 | -€670 | -34.2% |
| Recurring financial income | 75 | €1,959 | €1,289 | -€670 | -34.2% |
| Financial charges | 65/66B | -€375 | -€68 | +€306 | +81.7% |
| Recurring financial charges | 65 | -€375 | -€68 | +€306 | +81.7% |
| Profit (loss) for the period before taxes | 9903 | €164,878 | €323,845 | +€158,966 | +96.4% |
| Income taxes | 67/77 | €37,221 | €78,638 | +€41,417 | +111.3% |
| Profit (loss) for the period | 9904 | €127,657 | €245,207 | +€117,550 | +92.1% |
| Profit (loss) for the period to be appropriated | 9905 | €127,657 | €245,207 | +€117,550 | +92.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.