GALICIAN & KLEIN: 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.
GALICIAN & KLEIN
Largest movements
- Receivables within one year +€17,612
up €17,612 (+23.3%), from €75,505 to €93,117
of which Other amounts receivable: +€11,424
- Cash -€14,556
down €14,556 (-23.4%), from €62,335 to €47,779
mainly Receivables within one year (-€17,612) and Net result for the year (-€11,829)
- Accrued charges and deferred income +€17,202
up €17,202 (+162%), from €10,603 to €27,805
- Profit (loss) carried forward -€11,829
down €11,829 (-148%), from -€7,975 to -€19,804
- Trade debts +€7,091
up €7,091 (+165%), from €4,300 to €11,391
- Tax, wage and social debts -€5,675
no longer reported in 2025 (was €5,675)
- Advances received -€2,959
down €2,959 (-33.3%), from €8,875 to €5,916
- Gross operating margin -€17,947
down €17,947, from €7,187 to -€10,759
- Financial charges -€1,231
down €1,231 (-19.1%), from €6,434 to €5,203
- Financial income -€411
down €411 (-7.8%), from €5,298 to €4,886
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 | €193,041 | €194,606 | +€1,565 | +0.8% |
| Current assets | 29/58 | €193,041 | €194,606 | +€1,565 | +0.8% |
| Stocks and contracts in progress | 3 | €55,201 | €53,710 | -€1,490 | -2.7% |
| Stocks | 30/36 | €55,201 | €53,710 | -€1,490 | -2.7% |
| Amounts receivable within one year | 40/41 | €75,505 | €93,117 | +€17,612 | +23.3% |
| Trade receivables | 40 | - | €6,188 | +€6,188 | |
| Other amounts receivable | 41 | €75,505 | €86,929 | +€11,424 | +15.1% |
| Cash at bank and in hand | 54/58 | €62,335 | €47,779 | -€14,556 | -23.4% |
| Total equity and liabilities | 10/49 | €193,041 | €194,606 | +€1,565 | +0.8% |
| Equity | 10/15 | €112,025 | €100,196 | -€11,829 | -10.6% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,975 | -€19,804 | -€11,829 | -148% |
| Amounts payable | 17/49 | €81,015 | €94,410 | +€13,395 | +16.5% |
| Amounts payable within one year | 42/48 | €70,412 | €66,605 | -€3,807 | -5.4% |
| Current portion of amounts payable after more than one year | 42 | €3,656 | €1,391 | -€2,265 | -61.9% |
| Financial debts | 43 | €44,281 | €44,281 | = | 0.0% |
| Credit institutions | 430/8 | €44,281 | €44,281 | = | 0.0% |
| Trade debts | 44 | €4,300 | €11,391 | +€7,091 | +165% |
| Suppliers | 440/4 | €4,300 | €11,391 | +€7,091 | +165% |
| Advances received on contracts in progress | 46 | €8,875 | €5,916 | -€2,959 | -33.3% |
| Taxes, remuneration and social security | 45 | €5,675 | - | -€5,675 | |
| Taxes | 450/3 | €5,675 | - | -€5,675 | |
| Other amounts payable | 47/48 | €3,625 | €3,625 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €10,603 | €27,805 | +€17,202 | +162% |
| Other operating charges | 640/8 | €722 | €754 | +€32 | +4.4% |
| Gross operating margin | 9900 | €7,187 | -€10,759 | -€17,947 | |
| Operating profit (loss) | 9901 | €6,465 | -€11,513 | -€17,978 | |
| Financial income | 75/76B | €5,298 | €4,886 | -€411 | -7.8% |
| Recurring financial income | 75 | €5,298 | €4,886 | -€411 | -7.8% |
| Financial charges | 65/66B | €6,434 | €5,203 | -€1,231 | -19.1% |
| Recurring financial charges | 65 | €6,434 | €5,203 | -€1,231 | -19.1% |
| Profit (loss) for the period before taxes | 9903 | €5,330 | -€11,829 | -€17,159 | |
| Profit (loss) for the period | 9904 | €5,330 | -€11,829 | -€17,159 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,330 | -€11,829 | -€17,159 |
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 28 October 2026 via checked.be.