GALILEO IMMO: 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.
GALILEO IMMO
Largest movements
- Tangible fixed assets -€395,309
down €395,309 (-28.6%), from €1.4m to €985,931
of which Land and buildings: -€408,298
- Cash +€143,904
up €143,904 (+5,116%), from €2,813 to €146,717
mainly Investment in fixed assets (net) (+€352,046) and Net result for the year (+€190,765)
- Debts after one year -€308,330
down €308,330 (-45.0%), from €685,657 to €377,327
- Profit (loss) carried forward +€190,765
up €190,765 (+872%), from €21,881 to €212,646
- Other debts -€98,556
down €98,556 (-52.1%), from €189,209 to €90,653
- Current portion of long-term debt -€44,051
down €44,051 (-45.9%), from €95,963 to €51,912
- Gross operating margin +€226,428
up €226,428 (+192%), from €117,881 to €344,309
- Taxes +€59,229
up €59,229 (+1,105%), from €5,359 to €64,588
- Depreciation -€11,176
down €11,176 (-20.5%), from €54,439 to €43,264
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 | €1,405,214 | €1,142,559 | -€262,655 | -18.7% |
| Fixed assets | 21/28 | €1,381,741 | €986,431 | -€395,309 | -28.6% |
| Tangible fixed assets | 22/27 | €1,381,241 | €985,931 | -€395,309 | -28.6% |
| Land and buildings | 22 | €1,372,003 | €963,705 | -€408,298 | -29.8% |
| Plant, machinery and equipment | 23 | €9,237 | €22,226 | +€12,989 | +141% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €23,473 | €156,128 | +€132,655 | +565% |
| Amounts receivable within one year | 40/41 | €2,141 | - | -€2,141 | |
| Other amounts receivable | 41 | €2,141 | - | -€2,141 | |
| Cash at bank and in hand | 54/58 | €2,813 | €146,717 | +€143,904 | +5,116% |
| Deferred charges and accrued income | 490/1 | €18,519 | €9,411 | -€9,108 | -49.2% |
| Total equity and liabilities | 10/49 | €1,405,214 | €1,142,559 | -€262,655 | -18.7% |
| Equity | 10/15 | €400,481 | €591,246 | +€190,765 | +47.6% |
| Contributions | 10/11 | €378,600 | €378,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,881 | €212,646 | +€190,765 | +872% |
| Amounts payable | 17/49 | €1,004,733 | €551,313 | -€453,420 | -45.1% |
| Amounts payable after more than one year | 17 | €685,657 | €377,327 | -€308,330 | -45.0% |
| Financial debts | 170/4 | €685,657 | €377,327 | -€308,330 | -45.0% |
| Amounts payable within one year | 42/48 | €291,387 | €149,900 | -€141,487 | -48.6% |
| Current portion of amounts payable after more than one year | 42 | €95,963 | €51,912 | -€44,051 | -45.9% |
| Trade debts | 44 | €6,214 | €2,747 | -€3,467 | -55.8% |
| Suppliers | 440/4 | €6,214 | €2,747 | -€3,467 | -55.8% |
| Taxes, remuneration and social security | 45 | - | €4,588 | +€4,588 | |
| Taxes | 450/3 | - | €4,588 | +€4,588 | |
| Other amounts payable | 47/48 | €189,209 | €90,653 | -€98,556 | -52.1% |
| Accrued charges and deferred income | 492/3 | €27,689 | €24,085 | -€3,604 | -13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,439 | €43,264 | -€11,176 | -20.5% |
| Other operating charges | 640/8 | €18,256 | €20,739 | +€2,484 | +13.6% |
| Gross operating margin | 9900 | €117,881 | €344,309 | +€226,428 | +192% |
| Operating profit (loss) | 9901 | €45,186 | €280,306 | +€235,120 | +520% |
| Financial charges | 65/66B | €24,590 | €24,952 | +€363 | +1.5% |
| Recurring financial charges | 65 | €24,590 | €24,952 | +€363 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | €20,597 | €255,353 | +€234,757 | +1,140% |
| Income taxes | 67/77 | €5,359 | €64,588 | +€59,229 | +1,105% |
| Profit (loss) for the period | 9904 | €15,238 | €190,765 | +€175,528 | +1,152% |
| Profit (loss) for the period to be appropriated | 9905 | €15,238 | €190,765 | +€175,528 | +1,152% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.