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.
GALLE
Largest movements
- Receivables within one year -€14,168
down €14,168 (-9.7%), from €145,330 to €131,162
of which Trade receivables: -€14,341
- Cash +€12,774
up €12,774 (+131%), from €9,773 to €22,548
mainly Depreciation (+€14,892) and Receivables within one year (+€14,168)
- Tangible fixed assets -€10,797
down €10,797 (-35.1%), from €30,803 to €20,006
of which Plant, machinery and equipment: -€10,772
- Debts after one year -€10,073
no longer reported in 2025 (was €10,073)
- Short-term financial debts -€9,139
down €9,139 (-16.1%), from €56,722 to €47,583
of which Credit institutions: -€6,639
- Profit (loss) carried forward +€5,294
up €5,294 (+15.9%), from €33,241 to €38,534
- Trade debts +€2,443
up €2,443 (+6.0%), from €40,724 to €43,167
- Gross operating margin +€21,810
up €21,810 (+14.3%), from €152,005 to €173,815
- Staff costs +€11,116
up €11,116 (+8.4%), from €132,119 to €143,235
- Other operating charges -€5,535
down €5,535 (-87.8%), from €6,303 to €768
- Write-downs +€4,023
new in 2025: €4,023
- Depreciation -€2,058
down €2,058 (-12.1%), from €16,950 to €14,892
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 | €234,591 | €223,291 | -€11,301 | -4.8% |
| Fixed assets | 21/28 | €30,961 | €20,164 | -€10,797 | -34.9% |
| Tangible fixed assets | 22/27 | €30,803 | €20,006 | -€10,797 | -35.1% |
| Land and buildings | 22 | €26 | - | -€26 | |
| Plant, machinery and equipment | 23 | €30,777 | €20,006 | -€10,772 | -35.0% |
| Financial fixed assets | 28 | €158 | €158 | = | 0.0% |
| Current assets | 29/58 | €203,630 | €203,127 | -€503 | -0.2% |
| Stocks and contracts in progress | 3 | €48,527 | €49,417 | +€890 | +1.8% |
| Stocks | 30/36 | €48,527 | €49,417 | +€890 | +1.8% |
| Amounts receivable within one year | 40/41 | €145,330 | €131,162 | -€14,168 | -9.7% |
| Trade receivables | 40 | €144,387 | €130,045 | -€14,341 | -9.9% |
| Other amounts receivable | 41 | €943 | €1,117 | +€173 | +18.4% |
| Cash at bank and in hand | 54/58 | €9,773 | €22,548 | +€12,774 | +131% |
| Total equity and liabilities | 10/49 | €234,591 | €223,291 | -€11,301 | -4.8% |
| Equity | 10/15 | €115,657 | €120,951 | +€5,294 | +4.6% |
| Contributions | 10/11 | €37,200 | €37,200 | = | 0.0% |
| Capital | 10 | €37,200 | €37,200 | = | 0.0% |
| Issued capital | 100 | €37,200 | €37,200 | = | 0.0% |
| Reserves | 13 | €45,216 | €45,216 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,261 | €2,261 | = | 0.0% |
| Legal reserve | 130 | €2,261 | €2,261 | = | 0.0% |
| Distributable reserves | 133 | €42,956 | €42,956 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,241 | €38,534 | +€5,294 | +15.9% |
| Amounts payable | 17/49 | €118,934 | €102,340 | -€16,594 | -14.0% |
| Amounts payable after more than one year | 17 | €10,073 | - | -€10,073 | |
| Financial debts | 170/4 | €10,073 | - | -€10,073 | |
| Amounts payable within one year | 42/48 | €102,696 | €97,109 | -€5,587 | -5.4% |
| Financial debts | 43 | €56,722 | €47,583 | -€9,139 | -16.1% |
| Credit institutions | 430/8 | €16,722 | €10,083 | -€6,639 | -39.7% |
| Other loans | 439 | €40,000 | €37,500 | -€2,500 | -6.3% |
| Trade debts | 44 | €40,724 | €43,167 | +€2,443 | +6.0% |
| Suppliers | 440/4 | €40,724 | €43,167 | +€2,443 | +6.0% |
| Taxes, remuneration and social security | 45 | €4,750 | €5,859 | +€1,109 | +23.4% |
| Taxes | 450/3 | €4,750 | €5,859 | +€1,109 | +23.4% |
| Other amounts payable | 47/48 | €500 | €500 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €6,165 | €5,231 | -€934 | -15.2% |
| Remuneration, social security and pensions | 62 | €132,119 | €143,235 | +€11,116 | +8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,950 | €14,892 | -€2,058 | -12.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,023 | +€4,023 | |
| Other operating charges | 640/8 | €6,303 | €768 | -€5,535 | -87.8% |
| Gross operating margin | 9900 | €152,005 | €173,815 | +€21,810 | +14.3% |
| Operating profit (loss) | 9901 | -€3,367 | €10,898 | +€14,265 | |
| Financial income | 75/76B | €210 | €99 | -€111 | -52.7% |
| Recurring financial income | 75 | €210 | €99 | -€111 | -52.7% |
| Financial charges | 65/66B | €3,407 | €4,971 | +€1,564 | +45.9% |
| Recurring financial charges | 65 | €3,407 | €4,971 | +€1,564 | +45.9% |
| Profit (loss) for the period before taxes | 9903 | -€6,563 | €6,026 | +€12,590 | |
| Income taxes | 67/77 | - | €733 | +€733 | |
| Profit (loss) for the period | 9904 | -€6,563 | €5,294 | +€11,857 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,563 | €5,294 | +€11,857 |
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 26 October 2026 via checked.be.