GALLAND: what changed
Two financial 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.
GALLAND
Largest movements
- Stocks and contracts +€23,063
up €23,063 (+15.4%), from €149,492 to €172,555
- Debts after one year +€10,160
up €10,160 (+588%), from €1,728 to €11,888
- Tax, wage and social debts -€7,139
down €7,139 (-29.8%), from €23,969 to €16,830
of which Taxes: -€7,289
- Other debts +€5,713
up €5,713 (+55.1%), from €10,375 to €16,088
- Reserves +€5,670
up €5,670 (+8.9%), from €63,997 to €69,668
- Current portion of long-term debt +€3,111
up €3,111 (+60.6%), from €5,131 to €8,242
- Gross operating margin -€14,552
down €14,552 (-34.7%), from €41,936 to €27,384
- Taxes -€3,958
down €3,958 (-52.4%), from €7,552 to €3,594
- Depreciation -€1,276
down €1,276 (-47.1%), from €2,709 to €1,434
- Staff costs -€1,027
down €1,027 (-7.1%), from €14,424 to €13,397
- Financial charges -€433
down €433 (-11.8%), from €3,681 to €3,248
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.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €157,408 | €179,115 | +€21,707 | +13.8% |
| Fixed assets | 21/28 | €7,343 | €5,923 | -€1,420 | -19.3% |
| Tangible fixed assets | 22/27 | €4,768 | €3,334 | -€1,434 | -30.1% |
| Plant, machinery and equipment | 23 | €1,194 | €952 | -€242 | -20.3% |
| Other tangible fixed assets | 26 | €3,574 | €2,382 | -€1,191 | -33.3% |
| Financial fixed assets | 28 | €2,576 | €2,589 | +€14 | +0.5% |
| Current assets | 29/58 | €150,065 | €173,192 | +€23,127 | +15.4% |
| Stocks and contracts in progress | 3 | €149,492 | €172,555 | +€23,063 | +15.4% |
| Stocks | 30/36 | €149,492 | €172,555 | +€23,063 | +15.4% |
| Amounts receivable within one year | 40/41 | €37 | - | -€37 | |
| Other amounts receivable | 41 | €37 | - | -€37 | |
| Deferred charges and accrued income | 490/1 | €536 | €637 | +€101 | +18.8% |
| Total equity and liabilities | 10/49 | €157,408 | €179,115 | +€21,707 | +13.8% |
| Equity | 10/15 | €81,897 | €87,568 | +€5,670 | +6.9% |
| Contributions | 10/11 | €17,900 | €17,900 | = | 0.0% |
| Reserves | 13 | €63,997 | €69,668 | +€5,670 | +8.9% |
| Distributable reserves | 133 | €63,997 | €69,668 | +€5,670 | +8.9% |
| Amounts payable | 17/49 | €75,511 | €91,547 | +€16,037 | +21.2% |
| Amounts payable after more than one year | 17 | €1,728 | €11,888 | +€10,160 | +588% |
| Financial debts | 170/4 | €1,728 | €11,888 | +€10,160 | +588% |
| Amounts payable within one year | 42/48 | €73,783 | €79,659 | +€5,877 | +8.0% |
| Current portion of amounts payable after more than one year | 42 | €5,131 | €8,242 | +€3,111 | +60.6% |
| Financial debts | 43 | €11,184 | €12,730 | +€1,546 | +13.8% |
| Credit institutions | 430/8 | €11,184 | €12,730 | +€1,546 | +13.8% |
| Trade debts | 44 | €23,124 | €25,768 | +€2,645 | +11.4% |
| Suppliers | 440/4 | €23,124 | €25,768 | +€2,645 | +11.4% |
| Taxes, remuneration and social security | 45 | €23,969 | €16,830 | -€7,139 | -29.8% |
| Taxes | 450/3 | €20,473 | €13,184 | -€7,289 | -35.6% |
| Remuneration and social security | 454/9 | €3,496 | €3,646 | +€150 | +4.3% |
| Other amounts payable | 47/48 | €10,375 | €16,088 | +€5,713 | +55.1% |
| Non-recurring operating income | 76A | €1,320 | €688 | -€632 | -47.9% |
| Remuneration, social security and pensions | 62 | €14,424 | €13,397 | -€1,027 | -7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,709 | €1,434 | -€1,276 | -47.1% |
| Other operating charges | 640/8 | €7 | €63 | +€56 | +769% |
| Gross operating margin | 9900 | €41,936 | €27,384 | -€14,552 | -34.7% |
| Operating profit (loss) | 9901 | €24,796 | €12,490 | -€12,305 | -49.6% |
| Financial income | 75/76B | €78 | €22 | -€56 | -72.2% |
| Recurring financial income | 75 | €78 | €22 | -€56 | -72.2% |
| Financial charges | 65/66B | €3,681 | €3,248 | -€433 | -11.8% |
| Recurring financial charges | 65 | €3,681 | €3,248 | -€433 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | €21,193 | €9,264 | -€11,928 | -56.3% |
| Income taxes | 67/77 | €7,552 | €3,594 | -€3,958 | -52.4% |
| Profit (loss) for the period | 9904 | €13,641 | €5,670 | -€7,971 | -58.4% |
| Profit (loss) for the period to be appropriated | 9905 | €13,641 | €5,670 | -€7,971 | -58.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.