Galini: 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.
Galini
Largest movements
- Current investments +€138,819
up €138,819 (+133.1%), from €104,274 to €243,093
- Cash -€65,703
down €65,703 (-66.8%), from €98,393 to €32,690
mainly Current investments (-€138,819) and Investment in fixed assets (net) (-€48,525)
- Tangible fixed assets +€44,741
up €44,741 (+331.3%), from €13,503 to €58,245
of which Furniture and vehicles: +€46,013
- Receivables within one year -€25,791
down €25,791 (-99.7%), from €25,861 to €70
of which Other amounts receivable: -€19,861
- Intangible fixed assets -€19,000
down €19,000 (-66.7%), from €28,500 to €9,500
- Reserves +€72,170
up €72,170 (+32.2%), from €224,077 to €296,247
of which Distributable reserves: +€72,170
- Tax, wage and social debts +€22,983
up €22,983 (+239.3%), from €9,605 to €32,589
- Financial charges -€10,040
down €10,040 (-93.4%), from €10,754 to €714
- Financial income -€6,899
down €6,899 (-51.3%), from €13,458 to €6,559
- Taxes -€2,316
down €2,316 (-7.1%), from €32,703 to €30,388
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 | €270,762 | €371,112 | +€100,350 | +37.1% |
| Fixed assets | 21/28 | €42,003 | €67,745 | +€25,741 | +61.3% |
| Intangible fixed assets | 21 | €28,500 | €9,500 | -€19,000 | -66.7% |
| Tangible fixed assets | 22/27 | €13,503 | €58,245 | +€44,741 | +331.3% |
| Plant, machinery and equipment | 23 | €10,837 | €9,565 | -€1,272 | -11.7% |
| Furniture and vehicles | 24 | €2,667 | €48,680 | +€46,013 | +1725.5% |
| Current assets | 29/58 | €228,759 | €303,367 | +€74,608 | +32.6% |
| Stocks and contracts in progress | 3 | - | €12,530 | +€12,530 | |
| Stocks | 30/36 | - | €12,530 | +€12,530 | |
| Amounts receivable within one year | 40/41 | €25,861 | €70 | -€25,791 | -99.7% |
| Trade receivables | 40 | €6,000 | €70 | -€5,930 | -98.8% |
| Other amounts receivable | 41 | €19,861 | €0 | -€19,861 | -100.0% |
| Current investments | 50/53 | €104,274 | €243,093 | +€138,819 | +133.1% |
| Cash at bank and in hand | 54/58 | €98,393 | €32,690 | -€65,703 | -66.8% |
| Deferred charges and accrued income | 490/1 | €231 | €14,984 | +€14,753 | +6381.9% |
| Total equity and liabilities | 10/49 | €270,762 | €371,112 | +€100,350 | +37.1% |
| Equity | 10/15 | €249,077 | €321,247 | +€72,170 | +29.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €224,077 | €296,247 | +€72,170 | +32.2% |
| Tax-exempt reserves | 132 | €1,500 | €1,500 | = | 0.0% |
| Distributable reserves | 133 | €222,577 | €294,747 | +€72,170 | +32.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €21,685 | €49,865 | +€28,180 | +129.9% |
| Amounts payable within one year | 42/48 | €19,086 | €44,503 | +€25,417 | +133.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €4,200 | €3,077 | -€1,124 | -26.7% |
| Suppliers | 440/4 | €4,200 | €3,077 | -€1,124 | -26.7% |
| Taxes, remuneration and social security | 45 | €9,605 | €32,589 | +€22,983 | +239.3% |
| Taxes | 450/3 | €9,605 | €32,589 | +€22,983 | +239.3% |
| Other amounts payable | 47/48 | €5,280 | €8,838 | +€3,557 | +67.4% |
| Accrued charges and deferred income | 492/3 | €2,600 | €5,362 | +€2,763 | +106.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,393 | €22,784 | +€390 | +1.7% |
| Other operating charges | 640/8 | €1,355 | €1,563 | +€208 | +15.4% |
| Gross operating margin | 9900 | €122,322 | €122,059 | -€263 | -0.2% |
| Operating profit (loss) | 9901 | €98,574 | €97,712 | -€862 | -0.9% |
| Financial income | 75/76B | €13,458 | €6,559 | -€6,899 | -51.3% |
| Recurring financial income | 75 | €13,458 | €6,559 | -€6,899 | -51.3% |
| Financial charges | 65/66B | €10,754 | €714 | -€10,040 | -93.4% |
| Recurring financial charges | 65 | €10,754 | €714 | -€10,040 | -93.4% |
| Profit (loss) for the period before taxes | 9903 | €101,278 | €103,558 | +€2,280 | +2.3% |
| Income taxes | 67/77 | €32,703 | €30,388 | -€2,316 | -7.1% |
| Profit (loss) for the period | 9904 | €68,575 | €73,170 | +€4,595 | +6.7% |
| Profit (loss) for the period to be appropriated | 9905 | €68,575 | €73,170 | +€4,595 | +6.7% |
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 9 October 2026 via checked.be.