GALLERY MGT: what changed
GALLERY MGT
Largest movements
- Receivables within one year -€42,222
down €42,222 (-57.5%), from €73,421 to €31,198
of which Other amounts receivable: -€56,283
- Tangible fixed assets -€19,627
down €19,627 (-3.7%), from €528,241 to €508,614
of which Land and buildings: -€13,776
- Cash -€12,733
down €12,733 (-88.1%), from €14,455 to €1,722
mainly Contributions, distributions and other (-€72,600) and Debts after one year (-€41,406)
- Reserves -€70,300
down €70,300 (-14.8%), from €475,700 to €405,400
- Other debts +€53,340
up €53,340 (+428%), from €12,465 to €65,805
- Debts after one year -€41,406
down €41,406 (-12.7%), from €326,886 to €285,480
- Trade debts +€14,245
up €14,245 (+1,193%), from €1,194 to €15,440
- Short-term financial debts -€13,776
no longer reported in 2025 (was €13,776)
- Gross operating margin -€123,233
down €123,233 (-68.9%), from €178,762 to €55,529
- Taxes -€31,770
down €31,770 (-81.5%), from €38,970 to €7,201
- Staff costs -€24,861
down €24,861 (-56.9%), from €43,691 to €18,830
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €994,153 | €921,270 | -€72,883 | -7.3% |
| Fixed assets | 21/28 | €901,568 | €881,941 | -€19,627 | -2.2% |
| Tangible fixed assets | 22/27 | €528,241 | €508,614 | -€19,627 | -3.7% |
| Land and buildings | 22 | €504,645 | €490,870 | -€13,776 | -2.7% |
| Furniture and vehicles | 24 | €23,596 | €17,744 | -€5,852 | -24.8% |
| Financial fixed assets | 28 | €373,327 | €373,327 | = | 0.0% |
| Current assets | 29/58 | €92,584 | €39,328 | -€53,256 | -57.5% |
| Amounts receivable within one year | 40/41 | €73,421 | €31,198 | -€42,222 | -57.5% |
| Trade receivables | 40 | - | €14,061 | +€14,061 | |
| Other amounts receivable | 41 | €73,421 | €17,137 | -€56,283 | -76.7% |
| Cash at bank and in hand | 54/58 | €14,455 | €1,722 | -€12,733 | -88.1% |
| Deferred charges and accrued income | 490/1 | €4,709 | €6,408 | +€1,699 | +36.1% |
| Total equity and liabilities | 10/49 | €994,153 | €921,270 | -€72,883 | -7.3% |
| Equity | 10/15 | €576,389 | €506,135 | -€70,254 | -12.2% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €475,700 | €405,400 | -€70,300 | -14.8% |
| Distributable reserves | 133 | €475,700 | €405,400 | -€70,300 | -14.8% |
| Profit (loss) carried forward | 14 | €689 | €735 | +€46 | +6.7% |
| Amounts payable | 17/49 | €417,763 | €415,134 | -€2,629 | -0.6% |
| Amounts payable after more than one year | 17 | €326,886 | €285,480 | -€41,406 | -12.7% |
| Financial debts | 170/4 | €326,886 | €285,480 | -€41,406 | -12.7% |
| Amounts payable within one year | 42/48 | €90,877 | €127,154 | +€36,277 | +39.9% |
| Current portion of amounts payable after more than one year | 42 | €46,241 | €37,828 | -€8,413 | -18.2% |
| Financial debts | 43 | €13,776 | - | -€13,776 | |
| Credit institutions | 430/8 | €13,776 | - | -€13,776 | |
| Trade debts | 44 | €1,194 | €15,440 | +€14,245 | +1,193% |
| Suppliers | 440/4 | €1,194 | €15,440 | +€14,245 | +1,193% |
| Taxes, remuneration and social security | 45 | €17,200 | €8,081 | -€9,119 | -53.0% |
| Taxes | 450/3 | €13,998 | €7,201 | -€6,798 | -48.6% |
| Remuneration and social security | 454/9 | €3,202 | €880 | -€2,322 | -72.5% |
| Other amounts payable | 47/48 | €12,465 | €65,805 | +€53,340 | +428% |
| Accrued charges and deferred income | 492/3 | - | €2,500 | +€2,500 | |
| Remuneration, social security and pensions | 62 | €43,691 | €18,830 | -€24,861 | -56.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,627 | €19,627 | = | 0.0% |
| Other operating charges | 640/8 | €3,571 | €3,449 | -€121 | -3.4% |
| Gross operating margin | 9900 | €178,762 | €55,529 | -€123,233 | -68.9% |
| Operating profit (loss) | 9901 | €111,873 | €13,622 | -€98,251 | -87.8% |
| Financial income | 75/76B | €3,822 | €2,793 | -€1,028 | -26.9% |
| Recurring financial income | 75 | €3,822 | €2,793 | -€1,028 | -26.9% |
| Financial charges | 65/66B | €7,554 | €6,869 | -€685 | -9.1% |
| Recurring financial charges | 65 | €7,554 | €6,869 | -€685 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €108,140 | €9,546 | -€98,594 | -91.2% |
| Income taxes | 67/77 | €38,970 | €7,201 | -€31,770 | -81.5% |
| Profit (loss) for the period | 9904 | €69,170 | €2,346 | -€66,824 | -96.6% |
| Profit (loss) for the period to be appropriated | 9905 | €69,170 | €2,346 | -€66,824 | -96.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.