GALIUM: 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.
GALIUM
Largest movements
- Cash -€26,128
down €26,128 (-25.9%), from €100,967 to €74,839
mainly Contributions, distributions and other (-€116,250) and Debts after one year (-€20,000)
- Tangible fixed assets -€16,603
down €16,603 (-6.2%), from €268,674 to €252,071
of which Land and buildings: -€17,805
- Receivables within one year +€14,340
up €14,340 (+5.6%), from €255,906 to €270,246
of which Trade receivables: +€15,740
- Debts after one year -€20,000
down €20,000 (-21.4%), from €93,333 to €73,333
- Tax, wage and social debts -€15,319
down €15,319 (-22.9%), from €66,961 to €51,642
of which Taxes: -€19,342
- Trade debts +€6,590
up €6,590 (+40.0%), from €16,460 to €23,051
- Staff costs +€4,220
up €4,220 (+7.6%), from €55,312 to €59,532
- Gross operating margin +€3,624
up €3,624 (+1.5%), from €246,111 to €249,735
- Depreciation -€3,609
down €3,609 (-15.9%), from €22,668 to €19,059
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 | €627,714 | €600,906 | -€26,808 | -4.3% |
| Fixed assets | 21/28 | €268,874 | €252,271 | -€16,603 | -6.2% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €268,674 | €252,071 | -€16,603 | -6.2% |
| Land and buildings | 22 | €266,811 | €249,007 | -€17,805 | -6.7% |
| Plant, machinery and equipment | 23 | €96 | €0 | -€96 | -100.0% |
| Furniture and vehicles | 24 | €1,767 | €3,065 | +€1,297 | +73.4% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €358,840 | €348,635 | -€10,205 | -2.8% |
| Amounts receivable within one year | 40/41 | €255,906 | €270,246 | +€14,340 | +5.6% |
| Trade receivables | 40 | €254,501 | €270,241 | +€15,740 | +6.2% |
| Other amounts receivable | 41 | €1,405 | €5 | -€1,400 | -99.6% |
| Cash at bank and in hand | 54/58 | €100,967 | €74,839 | -€26,128 | -25.9% |
| Deferred charges and accrued income | 490/1 | €1,967 | €3,550 | +€1,583 | +80.5% |
| Total equity and liabilities | 10/49 | €627,714 | €600,906 | -€26,808 | -4.3% |
| Equity | 10/15 | €161,799 | €166,083 | +€4,284 | +2.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €140,991 | €143,991 | +€3,000 | +2.1% |
| Distributable reserves | 133 | €140,991 | €143,991 | +€3,000 | +2.1% |
| Profit (loss) carried forward | 14 | €808 | €2,092 | +€1,284 | +158.9% |
| Amounts payable | 17/49 | €465,915 | €434,824 | -€31,091 | -6.7% |
| Amounts payable after more than one year | 17 | €93,333 | €73,333 | -€20,000 | -21.4% |
| Financial debts | 170/4 | €93,333 | €73,333 | -€20,000 | -21.4% |
| Amounts payable within one year | 42/48 | €372,582 | €361,491 | -€11,091 | -3.0% |
| Current portion of amounts payable after more than one year | 42 | €20,000 | €20,000 | = | 0.0% |
| Trade debts | 44 | €16,460 | €23,051 | +€6,590 | +40.0% |
| Suppliers | 440/4 | €16,460 | €23,051 | +€6,590 | +40.0% |
| Advances received on contracts in progress | 46 | - | €131 | +€131 | |
| Taxes, remuneration and social security | 45 | €66,961 | €51,642 | -€15,319 | -22.9% |
| Taxes | 450/3 | €58,074 | €38,732 | -€19,342 | -33.3% |
| Remuneration and social security | 454/9 | €8,887 | €12,910 | +€4,023 | +45.3% |
| Other amounts payable | 47/48 | €269,160 | €266,666 | -€2,494 | -0.9% |
| Remuneration, social security and pensions | 62 | €55,312 | €59,532 | +€4,220 | +7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,668 | €19,059 | -€3,609 | -15.9% |
| Other operating charges | 640/8 | €4,795 | €4,050 | -€744 | -15.5% |
| Non-recurring operating charges | 66A | €75 | €975 | +€900 | +1199.9% |
| Gross operating margin | 9900 | €246,111 | €249,735 | +€3,624 | +1.5% |
| Operating profit (loss) | 9901 | €163,261 | €166,119 | +€2,857 | +1.8% |
| Financial income | 75/76B | €211 | €1,235 | +€1,024 | +484.2% |
| Recurring financial income | 75 | €211 | €1,235 | +€1,024 | +484.2% |
| Financial charges | 65/66B | €12,986 | €11,401 | -€1,586 | -12.2% |
| Recurring financial charges | 65 | €12,986 | €11,401 | -€1,586 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €150,487 | €155,953 | +€5,466 | +3.6% |
| Income taxes | 67/77 | €35,694 | €35,419 | -€275 | -0.8% |
| Profit (loss) for the period | 9904 | €114,793 | €120,534 | +€5,741 | +5.0% |
| Profit (loss) for the period to be appropriated | 9905 | €114,793 | €120,534 | +€5,741 | +5.0% |
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 5 October 2026 via checked.be.