Galle Projects: 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 Projects
Largest movements
- Receivables within one year -€7,792
down €7,792 (-4.6%), from €168,325 to €160,533
of which Other amounts receivable: -€4,766
- Profit (loss) carried forward -€8,658
new in 2025: -€8,658
- Other operating charges -€1,783
down €1,783 (-74.4%), from €2,396 to €613
- Gross operating margin +€681
up €681 (+8.5%), from -€7,986 to -€7,305
- Financial charges -€250
down €250 (-80.3%), from €312 to €61
- Financial income -€154
no longer reported in 2025 (was €154)
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 | €191,817 | €183,729 | -€8,087 | -4.2% |
| Fixed assets | 21/28 | €4,459 | €3,781 | -€678 | -15.2% |
| Tangible fixed assets | 22/27 | €4,324 | €3,646 | -€678 | -15.7% |
| Plant, machinery and equipment | 23 | €4,324 | €3,646 | -€678 | -15.7% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €187,358 | €179,949 | -€7,409 | -4.0% |
| Amounts receivable within one year | 40/41 | €168,325 | €160,533 | -€7,792 | -4.6% |
| Trade receivables | 40 | €101,318 | €98,292 | -€3,026 | -3.0% |
| Other amounts receivable | 41 | €67,007 | €62,241 | -€4,766 | -7.1% |
| Current investments | 50/53 | €16,471 | €16,471 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,562 | €2,944 | +€383 | +14.9% |
| Total equity and liabilities | 10/49 | €191,817 | €183,729 | -€8,087 | -4.2% |
| Equity | 10/15 | €12,490 | €3,832 | -€8,658 | -69.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €90 | €90 | = | 0.0% |
| Distributable reserves | 133 | €90 | €90 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€8,658 | -€8,658 | |
| Amounts payable | 17/49 | €179,327 | €179,898 | +€571 | +0.3% |
| Amounts payable within one year | 42/48 | €179,327 | €179,898 | +€571 | +0.3% |
| Trade debts | 44 | €37,554 | €38,125 | +€571 | +1.5% |
| Suppliers | 440/4 | €37,554 | €38,125 | +€571 | +1.5% |
| Other amounts payable | 47/48 | €141,773 | €141,773 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €678 | €678 | = | 0.0% |
| Other operating charges | 640/8 | €2,396 | €613 | -€1,783 | -74.4% |
| Gross operating margin | 9900 | -€7,986 | -€7,305 | +€681 | +8.5% |
| Operating profit (loss) | 9901 | -€11,060 | -€8,597 | +€2,464 | +22.3% |
| Financial income | 75/76B | €154 | - | -€154 | |
| Recurring financial income | 75 | €154 | - | -€154 | |
| Financial charges | 65/66B | €312 | €61 | -€250 | -80.3% |
| Recurring financial charges | 65 | €312 | €61 | -€250 | -80.3% |
| Profit (loss) for the period before taxes | 9903 | -€11,218 | -€8,658 | +€2,560 | +22.8% |
| Profit (loss) for the period | 9904 | -€11,218 | -€8,658 | +€2,560 | +22.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,218 | -€8,658 | +€2,560 | +22.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.