GALIO & PARTNERS: 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.
GALIO & PARTNERS
Largest movements
- Receivables within one year -€14,542
down €14,542 (-14.1%), from €103,347 to €88,805
of which Trade receivables: -€14,566
- Deferred charges and accrued income -€9,947
down €9,947 (-100%), from €9,947 to €0
- Intangible fixed assets -€8,800
down €8,800 (-29.8%), from €29,573 to €20,773
- Tangible fixed assets -€6,250
down €6,250 (-25.0%), from €24,999 to €18,749
- Cash +€6,109
up €6,109 (+105%), from €5,828 to €11,937
mainly Depreciation (+€15,050) and Receivables within one year (+€14,542)
- Other debts -€38,664
down €38,664 (-41.0%), from €94,360 to €55,695
- Profit (loss) carried forward +€5,514
up €5,514 (+48.8%), from €11,310 to €16,824
- Trade debts -€4,581
down €4,581 (-10.4%), from €44,015 to €39,434
- Tax, wage and social debts +€4,301
up €4,301 (+113%), from €3,819 to €8,120
of which Taxes: +€4,301
- Staff costs -€14,502
down €14,502 (-93.6%), from €15,490 to €988
- Gross operating margin -€12,050
down €12,050 (-32.4%), from €37,206 to €25,156
- Taxes +€712
up €712 (+29.4%), from €2,423 to €3,136
- Financial charges -€415
down €415 (-64.6%), from €643 to €227
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 | €173,693 | €140,263 | -€33,430 | -19.2% |
| Fixed assets | 21/28 | €54,571 | €39,522 | -€15,050 | -27.6% |
| Intangible fixed assets | 21 | €29,573 | €20,773 | -€8,800 | -29.8% |
| Tangible fixed assets | 22/27 | €24,999 | €18,749 | -€6,250 | -25.0% |
| Furniture and vehicles | 24 | €24,999 | €18,749 | -€6,250 | -25.0% |
| Current assets | 29/58 | €119,122 | €100,742 | -€18,381 | -15.4% |
| Amounts receivable within one year | 40/41 | €103,347 | €88,805 | -€14,542 | -14.1% |
| Trade receivables | 40 | €103,279 | €88,713 | -€14,566 | -14.1% |
| Other amounts receivable | 41 | €68 | €92 | +€24 | +34.4% |
| Cash at bank and in hand | 54/58 | €5,828 | €11,937 | +€6,109 | +105% |
| Deferred charges and accrued income | 490/1 | €9,947 | €0 | -€9,947 | -100% |
| Total equity and liabilities | 10/49 | €173,693 | €140,263 | -€33,430 | -19.2% |
| Equity | 10/15 | €31,310 | €36,824 | +€5,514 | +17.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Contributions outside capital | 11 | €20,000 | €20,000 | = | 0.0% |
| Other | 1109/19 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,310 | €16,824 | +€5,514 | +48.8% |
| Amounts payable | 17/49 | €142,383 | €103,439 | -€38,944 | -27.4% |
| Amounts payable within one year | 42/48 | €142,194 | €103,250 | -€38,944 | -27.4% |
| Trade debts | 44 | €44,015 | €39,434 | -€4,581 | -10.4% |
| Suppliers | 440/4 | €44,015 | €39,434 | -€4,581 | -10.4% |
| Taxes, remuneration and social security | 45 | €3,819 | €8,120 | +€4,301 | +113% |
| Taxes | 450/3 | €3,819 | €8,120 | +€4,301 | +113% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €94,360 | €55,695 | -€38,664 | -41.0% |
| Accrued charges and deferred income | 492/3 | €189 | €189 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €15,490 | €988 | -€14,502 | -93.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,050 | €15,050 | = | 0.0% |
| Other operating charges | 640/8 | €502 | €259 | -€243 | -48.4% |
| Gross operating margin | 9900 | €37,206 | €25,156 | -€12,050 | -32.4% |
| Operating profit (loss) | 9901 | €6,166 | €8,860 | +€2,695 | +43.7% |
| Financial income | 75/76B | €0 | €17 | +€17 | +16,550% |
| Recurring financial income | 75 | €0 | €17 | +€17 | +16,550% |
| Financial charges | 65/66B | €643 | €227 | -€415 | -64.6% |
| Recurring financial charges | 65 | €643 | €227 | -€415 | -64.6% |
| Profit (loss) for the period before taxes | 9903 | €5,523 | €8,649 | +€3,126 | +56.6% |
| Income taxes | 67/77 | €2,423 | €3,136 | +€712 | +29.4% |
| Profit (loss) for the period | 9904 | €3,100 | €5,514 | +€2,414 | +77.9% |
| Profit (loss) for the period to be appropriated | 9905 | €3,100 | €5,514 | +€2,414 | +77.9% |
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 22 October 2026 via checked.be.