Gallagher Belgium: what changed
Gallagher Belgium
Largest movements
- Receivables within one year +€72,490
up €72,490 (+33.8%), from €214,785 to €287,275
of which Other amounts receivable: +€63,042
- Tangible fixed assets -€12,496
down €12,496 (-30.1%), from €41,543 to €29,046
- Cash -€8,191
down €8,191 (-66.9%), from €12,240 to €4,048
mainly Receivables within one year (-€72,490) and Trade debts (-€4,525)
- Reserves +€43,551
up €43,551 (+24.5%), from €177,570 to €221,121
- Tax, wage and social debts +€12,122
up €12,122 (+18.7%), from €64,724 to €76,845
of which Remuneration and social security: +€18,171
- Trade debts -€4,525
down €4,525 (-42.3%), from €10,708 to €6,184
- Gross operating margin -€47,486
down €47,486 (-11.5%), from €414,490 to €367,004
- Staff costs -€32,893
down €32,893 (-10.1%), from €325,718 to €292,825
- Depreciation -€5,162
down €5,162 (-25.0%), from €20,647 to €15,485
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €278,589 | €328,202 | +€49,612 | +17.8% |
| Fixed assets | 21/28 | €47,852 | €32,367 | -€15,485 | -32.4% |
| Intangible fixed assets | 21 | €6,309 | €3,321 | -€2,989 | -47.4% |
| Tangible fixed assets | 22/27 | €41,543 | €29,046 | -€12,496 | -30.1% |
| Furniture and vehicles | 24 | €41,543 | €29,046 | -€12,496 | -30.1% |
| Current assets | 29/58 | €230,737 | €295,834 | +€65,097 | +28.2% |
| Amounts receivable within one year | 40/41 | €214,785 | €287,275 | +€72,490 | +33.8% |
| Trade receivables | 40 | €654 | €10,103 | +€9,448 | +1,444% |
| Other amounts receivable | 41 | €214,130 | €277,172 | +€63,042 | +29.4% |
| Cash at bank and in hand | 54/58 | €12,240 | €4,048 | -€8,191 | -66.9% |
| Deferred charges and accrued income | 490/1 | €3,713 | €4,512 | +€799 | +21.5% |
| Total equity and liabilities | 10/49 | €278,589 | €328,202 | +€49,612 | +17.8% |
| Equity | 10/15 | €197,570 | €241,121 | +€43,551 | +22.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €177,570 | €221,121 | +€43,551 | +24.5% |
| Distributable reserves | 133 | €177,570 | €221,121 | +€43,551 | +24.5% |
| Amounts payable | 17/49 | €81,020 | €87,081 | +€6,061 | +7.5% |
| Amounts payable within one year | 42/48 | €75,432 | €83,029 | +€7,597 | +10.1% |
| Trade debts | 44 | €10,708 | €6,184 | -€4,525 | -42.3% |
| Suppliers | 440/4 | €10,708 | €6,184 | -€4,525 | -42.3% |
| Taxes, remuneration and social security | 45 | €64,724 | €76,845 | +€12,122 | +18.7% |
| Taxes | 450/3 | €12,686 | €6,637 | -€6,049 | -47.7% |
| Remuneration and social security | 454/9 | €52,038 | €70,209 | +€18,171 | +34.9% |
| Accrued charges and deferred income | 492/3 | €5,588 | €4,052 | -€1,536 | -27.5% |
| Remuneration, social security and pensions | 62 | €325,718 | €292,825 | -€32,893 | -10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,647 | €15,485 | -€5,162 | -25.0% |
| Other operating charges | 640/8 | €2,594 | €1,547 | -€1,047 | -40.4% |
| Gross operating margin | 9900 | €414,490 | €367,004 | -€47,486 | -11.5% |
| Operating profit (loss) | 9901 | €65,532 | €57,147 | -€8,385 | -12.8% |
| Financial income | 75/76B | €4,347 | €4,148 | -€199 | -4.6% |
| Recurring financial income | 75 | €4,347 | €4,148 | -€199 | -4.6% |
| Financial charges | 65/66B | €1,109 | €1,867 | +€758 | +68.4% |
| Recurring financial charges | 65 | €1,109 | €1,867 | +€758 | +68.4% |
| Profit (loss) for the period before taxes | 9903 | €68,770 | €59,428 | -€9,342 | -13.6% |
| Income taxes | 67/77 | €18,411 | €15,877 | -€2,534 | -13.8% |
| Profit (loss) for the period | 9904 | €50,359 | €43,551 | -€6,808 | -13.5% |
| Profit (loss) for the period to be appropriated | 9905 | €50,359 | €43,551 | -€6,808 | -13.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.