GALLE: 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.
What changed
GALLE
NACE 47.812, Retail trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€232,469
2024 · €207,443+€25,026
Equity
€3.4m
2024 · €3.2m+€230,802
Cash
€233,658
2024 · €232,233+€1,424
Balance sheet total
€5.7m
2024 · €5.5m+€258,492
Largest movements
Assets
- Current investments +€345,590
up €345,590 (+11.3%), from €3.1m to €3.4m
- Tangible fixed assets -€58,285
down €58,285 (-2.8%), from €2.0m to €2.0m
Equity and liabilities
- Reserves +€230,802
up €230,802 (+9.1%), from €2.5m to €2.8m
Income statement
- Gross operating margin +€58,529
up €58,529 (+14.6%), from €400,930 to €459,460
- Financial charges +€12,863
up €12,863 (+19.4%), from €66,311 to €79,174
- Taxes +€9,580
up €9,580 (+14.9%), from €64,379 to €73,959
- Financial income -€7,077
down €7,077 (-17.7%), from €39,977 to €32,900
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.
Result 2024
€207,443
Gross operating margin
+€58,529
Other operating charges
-€3,983
Financial income
-€7,077
Financial charges
-€12,863
Taxes
-€9,580
Result 2025
€232,469
raises the resultlowers the result
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.
From operations
+€348,681
Investment
-€345,590
Financing
-€1,667
Cash 2024
€232,233
From operations (derived)
+€348,681
Net result for the year
+€232,469
Depreciation
+€58,285
Stocks and contracts
+€15,312
Receivables within one year
+€11,012
Deferred charges and accrued income
+€3,913
Trade debts
-€1,391
Tax, wage and social debts
+€13,906
Other debts
+€15,868
Accrued charges and deferred income
-€694
Investment (derived)
-€345,590
Current investments
-€345,590
Financing
-€1,667
Contributions, distributions and other
-€1,667
Cash 2025
€233,658
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,465,153 | €5,723,645 | +€258,492 | +4.7% |
| Fixed assets | 21/28 | €2,048,427 | €1,990,142 | -€58,285 | -2.8% |
| Tangible fixed assets | 22/27 | €2,048,427 | €1,990,142 | -€58,285 | -2.8% |
| Land and buildings | 22 | €2,048,427 | €1,990,142 | -€58,285 | -2.8% |
| Current assets | 29/58 | €3,416,726 | €3,733,503 | +€316,777 | +9.3% |
| Stocks and contracts in progress | 3 | €95,880 | €80,568 | -€15,312 | -16.0% |
| Stocks | 30/36 | €95,880 | €80,568 | -€15,312 | -16.0% |
| Amounts receivable within one year | 40/41 | €16,015 | €5,003 | -€11,012 | -68.8% |
| Trade receivables | 40 | €2,674 | €5,003 | +€2,329 | +87.1% |
| Other amounts receivable | 41 | €13,342 | €0 | -€13,342 | -100% |
| Current investments | 50/53 | €3,066,960 | €3,412,550 | +€345,590 | +11.3% |
| Cash at bank and in hand | 54/58 | €232,233 | €233,658 | +€1,424 | +0.6% |
| Deferred charges and accrued income | 490/1 | €5,638 | €1,725 | -€3,913 | -69.4% |
| Total equity and liabilities | 10/49 | €5,465,153 | €5,723,645 | +€258,492 | +4.7% |
| Equity | 10/15 | €3,201,743 | €3,432,545 | +€230,802 | +7.2% |
| Contributions | 10/11 | €675,000 | €675,000 | = | 0.0% |
| Reserves | 13 | €2,526,743 | €2,757,545 | +€230,802 | +9.1% |
| Distributable reserves | 133 | €2,526,743 | €2,757,545 | +€230,802 | +9.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €73,649 | €73,649 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €73,649 | €73,649 | = | 0.0% |
| Pensions and similar obligations | 160 | €73,649 | €73,649 | = | 0.0% |
| Amounts payable | 17/49 | €2,189,761 | €2,217,451 | +€27,689 | +1.3% |
| Amounts payable after more than one year | 17 | €1,235,000 | €1,235,000 | = | 0.0% |
| Other amounts payable | 178/9 | €1,235,000 | €1,235,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €888,635 | €917,018 | +€28,383 | +3.2% |
| Trade debts | 44 | €8,828 | €7,437 | -€1,391 | -15.8% |
| Suppliers | 440/4 | €8,828 | €7,437 | -€1,391 | -15.8% |
| Taxes, remuneration and social security | 45 | €4,435 | €18,342 | +€13,906 | +314% |
| Taxes | 450/3 | €4,435 | €18,342 | +€13,906 | +314% |
| Other amounts payable | 47/48 | €875,372 | €891,240 | +€15,868 | +1.8% |
| Accrued charges and deferred income | 492/3 | €66,126 | €65,433 | -€694 | -1.0% |
| Non-recurring operating income | 76A | - | €3,023 | +€3,023 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,285 | €58,285 | = | 0.0% |
| Other operating charges | 640/8 | €44,489 | €48,472 | +€3,983 | +9.0% |
| Gross operating margin | 9900 | €400,930 | €459,460 | +€58,529 | +14.6% |
| Operating profit (loss) | 9901 | €298,156 | €352,702 | +€54,546 | +18.3% |
| Financial income | 75/76B | €39,977 | €32,900 | -€7,077 | -17.7% |
| Recurring financial income | 75 | €39,977 | €32,900 | -€7,077 | -17.7% |
| Financial charges | 65/66B | €66,311 | €79,174 | +€12,863 | +19.4% |
| Recurring financial charges | 65 | €66,311 | €79,174 | +€12,863 | +19.4% |
| Profit (loss) for the period before taxes | 9903 | €271,822 | €306,429 | +€34,607 | +12.7% |
| Income taxes | 67/77 | €64,379 | €73,959 | +€9,580 | +14.9% |
| Profit (loss) for the period | 9904 | €207,443 | €232,469 | +€25,026 | +12.1% |
| Profit (loss) for the period to be appropriated | 9905 | €207,443 | €232,469 | +€25,026 | +12.1% |
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 17 October 2026 via checked.be.