Gallardo & Bouden: 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.
Gallardo & Bouden
Largest movements
- Receivables within one year -€9,520
down €9,520 (-73.2%), from €13,013 to €3,494
of which Trade receivables: -€7,466
- Tangible fixed assets -€6,478
down €6,478 (-2.3%), from €279,021 to €272,543
of which Land and buildings: -€11,977
- Debts after one year -€12,215
down €12,215 (-6.6%), from €184,755 to €172,540
- Other operating charges -€11,295
down €11,295 (-95.2%), from €11,870 to €575
- Gross operating margin +€11,039
up €11,039 (+303%), from €3,638 to €14,678
- Depreciation +€7,397
up €7,397 (+119%), from €6,194 to €13,591
- Financial income +€238
up €238 (+3,445%), from €7 to €245
- Financial charges -€148
down €148 (-4.8%), from €3,053 to €2,905
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
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 | €294,471 | €276,952 | -€17,520 | -5.9% |
| Fixed assets | 21/28 | €279,021 | €272,693 | -€6,328 | -2.3% |
| Tangible fixed assets | 22/27 | €279,021 | €272,543 | -€6,478 | -2.3% |
| Land and buildings | 22 | €272,928 | €260,951 | -€11,977 | -4.4% |
| Plant, machinery and equipment | 23 | €6,093 | €11,592 | +€5,499 | +90.3% |
| Financial fixed assets | 28 | - | €150 | +€150 | |
| Current assets | 29/58 | €15,450 | €4,259 | -€11,191 | -72.4% |
| Amounts receivable after more than one year | 29 | €150 | - | -€150 | |
| Trade receivables | 290 | €150 | - | -€150 | |
| Amounts receivable within one year | 40/41 | €13,013 | €3,494 | -€9,520 | -73.2% |
| Trade receivables | 40 | €7,466 | - | -€7,466 | |
| Other amounts receivable | 41 | €5,548 | €3,494 | -€2,054 | -37.0% |
| Cash at bank and in hand | 54/58 | €2,287 | €765 | -€1,522 | -66.5% |
| Total equity and liabilities | 10/49 | €294,471 | €276,952 | -€17,520 | -5.9% |
| Equity | 10/15 | €93,364 | €91,216 | -€2,149 | -2.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €174 | €174 | = | 0.0% |
| Tax-exempt reserves | 132 | €174 | €174 | = | 0.0% |
| Profit (loss) carried forward | 14 | €74,590 | €72,441 | -€2,149 | -2.9% |
| Amounts payable | 17/49 | €201,107 | €185,736 | -€15,371 | -7.6% |
| Amounts payable after more than one year | 17 | €184,755 | €172,540 | -€12,215 | -6.6% |
| Financial debts | 170/4 | €184,755 | €172,540 | -€12,215 | -6.6% |
| Amounts payable within one year | 42/48 | €16,351 | €13,196 | -€3,155 | -19.3% |
| Current portion of amounts payable after more than one year | 42 | €12,049 | €12,215 | +€166 | +1.4% |
| Trade debts | 44 | €2,500 | - | -€2,500 | |
| Suppliers | 440/4 | €2,500 | - | -€2,500 | |
| Taxes, remuneration and social security | 45 | €1,802 | €981 | -€821 | -45.6% |
| Taxes | 450/3 | €507 | €981 | +€474 | +93.6% |
| Remuneration and social security | 454/9 | €1,296 | - | -€1,296 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,194 | €13,591 | +€7,397 | +119% |
| Other operating charges | 640/8 | €11,870 | €575 | -€11,295 | -95.2% |
| Gross operating margin | 9900 | €3,638 | €14,678 | +€11,039 | +303% |
| Operating profit (loss) | 9901 | -€14,426 | €512 | +€14,937 | |
| Financial income | 75/76B | €7 | €245 | +€238 | +3,445% |
| Recurring financial income | 75 | €7 | €245 | +€238 | +3,445% |
| Financial charges | 65/66B | €3,053 | €2,905 | -€148 | -4.8% |
| Recurring financial charges | 65 | €3,053 | €2,905 | -€148 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | -€17,472 | -€2,149 | +€15,323 | +87.7% |
| Profit (loss) for the period | 9904 | -€17,472 | -€2,149 | +€15,323 | +87.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,472 | -€2,149 | +€15,323 | +87.7% |
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 19 October 2026 via checked.be.