GALITEC: 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.
GALITEC
Largest movements
- Cash +€38,797
up €38,797 (+68.2%), from €56,866 to €95,663
mainly Trade debts (+€75,623) and Net result for the year (+€73,914)
- Receivables within one year +€34,401
up €34,401 (+19.0%), from €181,428 to €215,829
of which Trade receivables: +€35,506
- Tangible fixed assets -€17,471
down €17,471 (-4.5%), from €385,089 to €367,618
of which Land and buildings: -€43,356
- Debts after one year -€94,139
down €94,139 (-19.3%), from €488,906 to €394,767
- Trade debts +€75,623
up €75,623 (+192.7%), from €39,243 to €114,866
- Profit (loss) carried forward +€73,914
up €73,914 (+46.5%), from -€158,835 to -€84,921
- Gross operating margin +€68,719
up €68,719 (+47.0%), from €146,096 to €214,815
- Staff costs +€10,082
up €10,082 (+22.2%), from €45,394 to €55,476
- Depreciation +€2,844
up €2,844 (+4.8%), from €59,830 to €62,674
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 | €662,453 | €719,313 | +€56,860 | +8.6% |
| Fixed assets | 21/28 | €385,089 | €367,618 | -€17,471 | -4.5% |
| Tangible fixed assets | 22/27 | €385,089 | €367,618 | -€17,471 | -4.5% |
| Land and buildings | 22 | €337,771 | €294,414 | -€43,356 | -12.8% |
| Plant, machinery and equipment | 23 | €39,820 | €49,226 | +€9,407 | +23.6% |
| Furniture and vehicles | 24 | €7,499 | €23,978 | +€16,479 | +219.8% |
| Current assets | 29/58 | €277,364 | €351,695 | +€74,331 | +26.8% |
| Stocks and contracts in progress | 3 | €39,070 | €40,203 | +€1,132 | +2.9% |
| Stocks | 30/36 | €39,070 | €40,203 | +€1,132 | +2.9% |
| Amounts receivable within one year | 40/41 | €181,428 | €215,829 | +€34,401 | +19.0% |
| Trade receivables | 40 | €179,936 | €215,442 | +€35,506 | +19.7% |
| Other amounts receivable | 41 | €1,492 | €387 | -€1,105 | -74.1% |
| Cash at bank and in hand | 54/58 | €56,866 | €95,663 | +€38,797 | +68.2% |
| Total equity and liabilities | 10/49 | €662,453 | €719,313 | +€56,860 | +8.6% |
| Equity | 10/15 | €93,278 | €167,193 | +€73,914 | +79.2% |
| Contributions | 10/11 | €237,000 | €237,000 | = | 0.0% |
| Reserves | 13 | €15,113 | €15,113 | = | 0.0% |
| Distributable reserves | 133 | €15,113 | €15,113 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€158,835 | -€84,921 | +€73,914 | +46.5% |
| Amounts payable | 17/49 | €569,175 | €552,120 | -€17,054 | -3.0% |
| Amounts payable after more than one year | 17 | €488,906 | €394,767 | -€94,139 | -19.3% |
| Financial debts | 170/4 | €488,906 | €394,767 | -€94,139 | -19.3% |
| Amounts payable within one year | 42/48 | €79,114 | €156,199 | +€77,085 | +97.4% |
| Current portion of amounts payable after more than one year | 42 | €27,917 | €27,917 | = | 0.0% |
| Trade debts | 44 | €39,243 | €114,866 | +€75,623 | +192.7% |
| Suppliers | 440/4 | €39,243 | €114,866 | +€75,623 | +192.7% |
| Taxes, remuneration and social security | 45 | €11,954 | €13,416 | +€1,462 | +12.2% |
| Taxes | 450/3 | €6,620 | €7,708 | +€1,089 | +16.4% |
| Remuneration and social security | 454/9 | €5,334 | €5,708 | +€373 | +7.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €1,155 | €1,155 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €45,394 | €55,476 | +€10,082 | +22.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,830 | €62,674 | +€2,844 | +4.8% |
| Other operating charges | 640/8 | €6,529 | €7,758 | +€1,229 | +18.8% |
| Gross operating margin | 9900 | €146,096 | €214,815 | +€68,719 | +47.0% |
| Operating profit (loss) | 9901 | €34,343 | €88,907 | +€54,564 | +158.9% |
| Financial income | 75/76B | €1,374 | €720 | -€654 | -47.6% |
| Recurring financial income | 75 | €1,374 | €720 | -€654 | -47.6% |
| Financial charges | 65/66B | €14,212 | €15,714 | +€1,502 | +10.6% |
| Recurring financial charges | 65 | €14,212 | €15,714 | +€1,502 | +10.6% |
| Profit (loss) for the period before taxes | 9903 | €21,506 | €73,914 | +€52,409 | +243.7% |
| Profit (loss) for the period | 9904 | €21,506 | €73,914 | +€52,409 | +243.7% |
| Profit (loss) for the period to be appropriated | 9905 | €21,506 | €73,914 | +€52,409 | +243.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.