GALLES: what changed
Two fiscal 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.
GALLES
Largest movements
- Stocks and contracts +€365,056
up €365,056 (+15044.6%), from €2,427 to €367,483
of which Stocks: +€355,056
- Cash -€60,192
down €60,192 (-94.1%), from €63,955 to €3,763
mainly Stocks and contracts (-€365,056) and Investment in fixed assets (net) (-€52,144)
- Current portion of long-term debt +€185,775
up €185,775 (+471.1%), from €39,432 to €225,207
- Debts after one year +€66,838
up €66,838 (+8.7%), from €772,466 to €839,304
of which Financial debts: +€66,913
- Other debts +€46,091
up €46,091 (+12.6%), from €365,221 to €411,312
- Tax, wage and social debts -€24,117
down €24,117 (-72.7%), from €33,164 to €9,047
of which Taxes: -€24,609
- Gross operating margin -€116,265
down €116,265 (-50.5%), from €230,051 to €113,786
- Taxes -€43,886
down €43,886 (-91.4%), from €48,011 to €4,125
- Staff costs +€18,273
up €18,273 (+127.5%), from €14,331 to €32,604
- Depreciation +€8,175
up €8,175 (+26.4%), from €31,004 to €39,179
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,425,487 | €1,726,187 | +€300,700 | +21.1% |
| Fixed assets | 21/28 | €1,316,182 | €1,329,146 | +€12,965 | +1.0% |
| Tangible fixed assets | 22/27 | €1,316,032 | €1,328,996 | +€12,965 | +1.0% |
| Land and buildings | 22 | €1,301,868 | €1,275,399 | -€26,470 | -2.0% |
| Plant, machinery and equipment | 23 | €2,665 | €1,478 | -€1,188 | -44.6% |
| Furniture and vehicles | 24 | €11,498 | €52,120 | +€40,622 | +353.3% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €109,305 | €397,041 | +€287,736 | +263.2% |
| Stocks and contracts in progress | 3 | €2,427 | €367,483 | +€365,056 | +15044.6% |
| Stocks | 30/36 | €2,427 | €357,483 | +€355,056 | +14632.4% |
| Contracts in progress | 37 | - | €10,000 | +€10,000 | |
| Amounts receivable within one year | 40/41 | €37,610 | €23,177 | -€14,433 | -38.4% |
| Trade receivables | 40 | €34,929 | €10,947 | -€23,982 | -68.7% |
| Other amounts receivable | 41 | €2,681 | €12,230 | +€9,550 | +356.3% |
| Cash at bank and in hand | 54/58 | €63,955 | €3,763 | -€60,192 | -94.1% |
| Deferred charges and accrued income | 490/1 | €5,314 | €2,618 | -€2,696 | -50.7% |
| Total equity and liabilities | 10/49 | €1,425,487 | €1,726,187 | +€300,700 | +21.1% |
| Equity | 10/15 | €185,764 | €190,053 | +€4,289 | +2.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €131,860 | €136,149 | +€4,289 | +3.3% |
| Distributable reserves | 133 | €131,860 | €136,149 | +€4,289 | +3.3% |
| Profit (loss) carried forward | 14 | €35,304 | €35,304 | = | 0.0% |
| Amounts payable | 17/49 | €1,239,723 | €1,536,134 | +€296,411 | +23.9% |
| Amounts payable after more than one year | 17 | €772,466 | €839,304 | +€66,838 | +8.7% |
| Financial debts | 170/4 | €772,391 | €839,304 | +€66,913 | +8.7% |
| Other amounts payable | 178/9 | €75 | - | -€75 | |
| Amounts payable within one year | 42/48 | €467,257 | €696,830 | +€229,573 | +49.1% |
| Current portion of amounts payable after more than one year | 42 | €39,432 | €225,207 | +€185,775 | +471.1% |
| Financial debts | 43 | €2,216 | €10,032 | +€7,817 | +352.8% |
| Credit institutions | 430/8 | €2,216 | €10,032 | +€7,817 | +352.8% |
| Trade debts | 44 | €24,462 | €38,956 | +€14,494 | +59.3% |
| Suppliers | 440/4 | €24,462 | €38,956 | +€14,494 | +59.3% |
| Advances received on contracts in progress | 46 | €2,763 | €2,275 | -€488 | -17.6% |
| Taxes, remuneration and social security | 45 | €33,164 | €9,047 | -€24,117 | -72.7% |
| Taxes | 450/3 | €33,034 | €8,425 | -€24,609 | -74.5% |
| Remuneration and social security | 454/9 | €130 | €622 | +€492 | +379.4% |
| Other amounts payable | 47/48 | €365,221 | €411,312 | +€46,091 | +12.6% |
| Non-recurring operating income | 76A | - | €4,000 | +€4,000 | |
| Remuneration, social security and pensions | 62 | €14,331 | €32,604 | +€18,273 | +127.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,004 | €39,179 | +€8,175 | +26.4% |
| Other operating charges | 640/8 | €7,866 | €7,679 | -€188 | -2.4% |
| Gross operating margin | 9900 | €230,051 | €113,786 | -€116,265 | -50.5% |
| Operating profit (loss) | 9901 | €176,850 | €34,324 | -€142,526 | -80.6% |
| Financial income | 75/76B | €41 | €467 | +€426 | +1050.5% |
| Recurring financial income | 75 | €41 | €467 | +€426 | +1050.5% |
| Financial charges | 65/66B | €26,678 | €26,376 | -€302 | -1.1% |
| Recurring financial charges | 65 | €26,678 | €26,376 | -€302 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | €150,212 | €8,414 | -€141,798 | -94.4% |
| Income taxes | 67/77 | €48,011 | €4,125 | -€43,886 | -91.4% |
| Profit (loss) for the period | 9904 | €102,202 | €4,289 | -€97,913 | -95.8% |
| Profit (loss) for the period to be appropriated | 9905 | €102,202 | €4,289 | -€97,913 | -95.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.