GALIPSO: 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.
GALIPSO
Largest movements
- Tangible fixed assets -€70,994
down €70,994 (-5.6%), from €1.3m to €1.2m
of which Land and buildings: -€52,327
- Cash +€22,063
up €22,063 (+591.4%), from €3,730 to €25,793
mainly Other debts (+€117,350) and Depreciation (+€85,413)
- Other debts +€117,350
up €117,350 (+16.3%), from €718,699 to €836,049
- Profit (loss) carried forward -€82,984
down €82,984 (-15.7%), from -€529,314 to -€612,298
- Debts after one year -€73,138
down €73,138 (-96.9%), from €75,447 to €2,309
- Current portion of long-term debt -€14,211
down €14,211 (-15.2%), from €93,302 to €79,091
- Financial charges +€16,892
up €16,892 (+38.8%), from €43,536 to €60,428
- Purchases and services -€12,302
down €12,302 (-15.5%), from €79,332 to €67,031
- Gross operating margin +€4,418
up €4,418 (+7.7%), from €57,111 to €61,529
- Other operating charges -€2,120
down €2,120 (-24.3%), from €8,739 to €6,619
- Turnover -€960
down €960 (-1.5%), from €64,966 to €64,006
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,295,565 | €1,238,213 | -€57,352 | -4.4% |
| Fixed assets | 21/28 | €1,271,101 | €1,200,107 | -€70,994 | -5.6% |
| Tangible fixed assets | 22/27 | €1,271,101 | €1,200,107 | -€70,994 | -5.6% |
| Land and buildings | 22 | €1,239,551 | €1,187,224 | -€52,327 | -4.2% |
| Plant, machinery and equipment | 23 | €2,829 | - | -€2,829 | |
| Furniture and vehicles | 24 | €28,721 | €12,883 | -€15,839 | -55.1% |
| Current assets | 29/58 | €24,464 | €38,106 | +€13,642 | +55.8% |
| Amounts receivable within one year | 40/41 | €17,678 | €9,279 | -€8,399 | -47.5% |
| Trade receivables | 40 | €17,678 | €9,279 | -€8,399 | -47.5% |
| Cash at bank and in hand | 54/58 | €3,730 | €25,793 | +€22,063 | +591.4% |
| Deferred charges and accrued income | 490/1 | €3,055 | €3,033 | -€22 | -0.7% |
| Total equity and liabilities | 10/49 | €1,295,565 | €1,238,213 | -€57,352 | -4.4% |
| Equity | 10/15 | €379,604 | €287,702 | -€91,903 | -24.2% |
| Contributions | 10/11 | €900,000 | €900,000 | = | 0.0% |
| Reserves | 13 | €8,918 | - | -€8,918 | |
| Distributable reserves | 133 | €8,918 | - | -€8,918 | |
| Profit (loss) carried forward | 14 | -€529,314 | -€612,298 | -€82,984 | -15.7% |
| Amounts payable | 17/49 | €915,961 | €950,511 | +€34,550 | +3.8% |
| Amounts payable after more than one year | 17 | €75,447 | €2,309 | -€73,138 | -96.9% |
| Financial debts | 170/4 | €75,447 | €2,309 | -€73,138 | -96.9% |
| Amounts payable within one year | 42/48 | €840,119 | €947,997 | +€107,879 | +12.8% |
| Current portion of amounts payable after more than one year | 42 | €93,302 | €79,091 | -€14,211 | -15.2% |
| Trade debts | 44 | €9,567 | €10,998 | +€1,431 | +15.0% |
| Suppliers | 440/4 | €9,567 | €10,998 | +€1,431 | +15.0% |
| Taxes, remuneration and social security | 45 | €18,550 | €21,859 | +€3,308 | +17.8% |
| Taxes | 450/3 | €18,550 | €21,859 | +€3,308 | +17.8% |
| Other amounts payable | 47/48 | €718,699 | €836,049 | +€117,350 | +16.3% |
| Accrued charges and deferred income | 492/3 | €395 | €205 | -€191 | -48.2% |
| Turnover | 70 | €64,966 | €64,006 | -€960 | -1.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €79,332 | €67,031 | -€12,302 | -15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,389 | €85,413 | +€24 | 0.0% |
| Other operating charges | 640/8 | €8,739 | €6,619 | -€2,120 | -24.3% |
| Gross operating margin | 9900 | €57,111 | €61,529 | +€4,418 | +7.7% |
| Operating profit (loss) | 9901 | -€37,017 | -€30,504 | +€6,513 | +17.6% |
| Financial income | 75/76B | €7 | €2 | -€4 | -65.5% |
| Recurring financial income | 75 | €7 | €2 | -€4 | -65.5% |
| Financial charges | 65/66B | €43,536 | €60,428 | +€16,892 | +38.8% |
| Recurring financial charges | 65 | €43,536 | €60,428 | +€16,892 | +38.8% |
| Profit (loss) for the period before taxes | 9903 | -€80,547 | -€90,930 | -€10,383 | -12.9% |
| Income taxes | 67/77 | €953 | €973 | +€20 | +2.1% |
| Profit (loss) for the period | 9904 | -€81,499 | -€91,903 | -€10,403 | -12.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€81,499 | -€91,903 | -€10,403 | -12.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.