GALIS: 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.
GALIS
Largest movements
- Stocks and contracts -€16,714
down €16,714 (-14.4%), from €115,918 to €99,204
- Cash -€14,334
down €14,334 (-65.0%), from €22,053 to €7,719
mainly Other debts (-€17,475) and Net result for the year (-€16,960)
- Receivables within one year -€9,913
down €9,913 (-73.7%), from €13,459 to €3,546
of which Trade receivables: -€7,521
- Other debts -€17,475
down €17,475 (-82.7%), from €21,120 to €3,645
- Profit (loss) carried forward -€16,960
down €16,960 (-21.6%), from €78,531 to €61,571
- Tax, wage and social debts -€5,660
down €5,660 (-31.8%), from €17,777 to €12,117
- Gross operating margin -€19,169
down €19,169, from €4,470 to -€14,700
- Other operating charges +€1,797
new in 2025: €1,797
- Staff costs -€831
no longer reported in 2025 (was €831)
- Write-downs -€664
no longer reported in 2025 (was €664)
- Taxes -€600
no longer reported in 2025 (was €600)
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 | €154,160 | €113,199 | -€40,961 | -26.6% |
| Fixed assets | 21/28 | €2,730 | €2,730 | = | 0.0% |
| Financial fixed assets | 28 | €2,730 | €2,730 | = | 0.0% |
| Current assets | 29/58 | €151,430 | €110,469 | -€40,961 | -27.0% |
| Stocks and contracts in progress | 3 | €115,918 | €99,204 | -€16,714 | -14.4% |
| Stocks | 30/36 | €115,918 | €99,204 | -€16,714 | -14.4% |
| Amounts receivable within one year | 40/41 | €13,459 | €3,546 | -€9,913 | -73.7% |
| Trade receivables | 40 | €11,052 | €3,531 | -€7,521 | -68.0% |
| Other amounts receivable | 41 | €2,407 | €15 | -€2,392 | -99.4% |
| Cash at bank and in hand | 54/58 | €22,053 | €7,719 | -€14,334 | -65.0% |
| Total equity and liabilities | 10/49 | €154,160 | €113,199 | -€40,961 | -26.6% |
| Equity | 10/15 | €97,131 | €80,171 | -€16,960 | -17.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €78,531 | €61,571 | -€16,960 | -21.6% |
| Amounts payable | 17/49 | €57,030 | €33,028 | -€24,002 | -42.1% |
| Amounts payable within one year | 42/48 | €57,030 | €33,028 | -€24,002 | -42.1% |
| Trade debts | 44 | €18,133 | €17,267 | -€867 | -4.8% |
| Suppliers | 440/4 | €18,133 | €17,267 | -€867 | -4.8% |
| Taxes, remuneration and social security | 45 | €17,777 | €12,117 | -€5,660 | -31.8% |
| Taxes | 450/3 | €17,777 | €12,117 | -€5,660 | -31.8% |
| Other amounts payable | 47/48 | €21,120 | €3,645 | -€17,475 | -82.7% |
| Remuneration, social security and pensions | 62 | €831 | - | -€831 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17 | - | -€17 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €664 | - | -€664 | |
| Other operating charges | 640/8 | - | €1,797 | +€1,797 | |
| Gross operating margin | 9900 | €4,470 | -€14,700 | -€19,169 | |
| Operating profit (loss) | 9901 | €2,957 | -€16,496 | -€19,453 | |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €464 | €465 | +€2 | +0.4% |
| Recurring financial charges | 65 | €464 | €465 | +€2 | +0.4% |
| Profit (loss) for the period before taxes | 9903 | €2,494 | -€16,960 | -€19,453 | |
| Income taxes | 67/77 | €600 | - | -€600 | |
| Profit (loss) for the period | 9904 | €1,894 | -€16,960 | -€18,854 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,894 | -€16,960 | -€18,854 |
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 4 October 2026 via checked.be.