GALIMAGE: 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.
GALIMAGE
Largest movements
- Receivables within one year -€5,216
down €5,216 (-13.1%), from €39,918 to €34,701
- Cash -€3,842
down €3,842 (-36.4%), from €10,565 to €6,723
mainly Current portion of long-term debt (-€14,793) and Trade debts (-€11,127)
- Tangible fixed assets -€2,791
down €2,791 (-51.0%), from €5,472 to €2,681
- Profit (loss) carried forward +€21,553
up €21,553, from -€19,507 to €2,046
- Current portion of long-term debt -€14,793
no longer reported in 2025 (was €14,793)
- Trade debts -€11,127
down €11,127 (-54.6%), from €20,395 to €9,267
- Other debts -€9,332
down €9,332 (-73.5%), from €12,691 to €3,359
- Tax, wage and social debts +€5,370
up €5,370 (+93.0%), from €5,773 to €11,143
of which Taxes: +€5,520
- Gross operating margin +€42,312
up €42,312 (+182.3%), from €23,216 to €65,528
- Staff costs +€27,053
up €27,053 (+1305.6%), from €2,072 to €29,125
- Depreciation -€7,994
down €7,994 (-90.0%), from €8,887 to €893
- Taxes +€5,608
up €5,608 (+246.0%), from €2,280 to €7,888
- Other operating charges -€1,303
down €1,303 (-33.3%), from €3,913 to €2,610
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 | €57,583 | €46,266 | -€11,317 | -19.7% |
| Fixed assets | 21/28 | €5,950 | €3,158 | -€2,791 | -46.9% |
| Tangible fixed assets | 22/27 | €5,472 | €2,681 | -€2,791 | -51.0% |
| Furniture and vehicles | 24 | €5,472 | €2,681 | -€2,791 | -51.0% |
| Financial fixed assets | 28 | €477 | €477 | = | 0.0% |
| Current assets | 29/58 | €51,633 | €43,108 | -€8,526 | -16.5% |
| Amounts receivable within one year | 40/41 | €39,918 | €34,701 | -€5,216 | -13.1% |
| Trade receivables | 40 | €39,918 | €34,701 | -€5,216 | -13.1% |
| Cash at bank and in hand | 54/58 | €10,565 | €6,723 | -€3,842 | -36.4% |
| Deferred charges and accrued income | 490/1 | €1,150 | €1,683 | +€533 | +46.3% |
| Total equity and liabilities | 10/49 | €57,583 | €46,266 | -€11,317 | -19.7% |
| Equity | 10/15 | €944 | €22,497 | +€21,553 | +2283.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,507 | €2,046 | +€21,553 | |
| Amounts payable | 17/49 | €56,639 | €23,769 | -€32,870 | -58.0% |
| Amounts payable after more than one year | 17 | €2,987 | - | -€2,987 | |
| Financial debts | 170/4 | €2,987 | - | -€2,987 | |
| Amounts payable within one year | 42/48 | €53,652 | €23,769 | -€29,883 | -55.7% |
| Current portion of amounts payable after more than one year | 42 | €14,793 | - | -€14,793 | |
| Trade debts | 44 | €20,395 | €9,267 | -€11,127 | -54.6% |
| Suppliers | 440/4 | €20,395 | €9,267 | -€11,127 | -54.6% |
| Taxes, remuneration and social security | 45 | €5,773 | €11,143 | +€5,370 | +93.0% |
| Taxes | 450/3 | €5,623 | €11,143 | +€5,520 | +98.2% |
| Remuneration and social security | 454/9 | €150 | - | -€150 | |
| Other amounts payable | 47/48 | €12,691 | €3,359 | -€9,332 | -73.5% |
| Remuneration, social security and pensions | 62 | €2,072 | €29,125 | +€27,053 | +1305.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,887 | €893 | -€7,994 | -90.0% |
| Other operating charges | 640/8 | €3,913 | €2,610 | -€1,303 | -33.3% |
| Gross operating margin | 9900 | €23,216 | €65,528 | +€42,312 | +182.3% |
| Operating profit (loss) | 9901 | €8,344 | €32,899 | +€24,555 | +294.3% |
| Financial income | 75/76B | €1 | €0 | -€1 | -98.3% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -98.3% |
| Financial charges | 65/66B | €4,590 | €3,458 | -€1,132 | -24.7% |
| Recurring financial charges | 65 | €4,590 | €3,458 | -€1,132 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | €3,755 | €29,441 | +€25,686 | +684.1% |
| Income taxes | 67/77 | €2,280 | €7,888 | +€5,608 | +246.0% |
| Profit (loss) for the period | 9904 | €1,475 | €21,553 | +€20,078 | +1361.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,475 | €21,553 | +€20,078 | +1361.6% |
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 1 October 2026 via checked.be.