GALLI: 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.
GALLI
Largest movements
- Receivables within one year -€197,774
down €197,774 (-96.7%), from €204,478 to €6,704
of which Other amounts receivable: -€148,322
- Tangible fixed assets +€28,321
up €28,321 (+22.8%), from €124,183 to €152,504
of which Land and buildings: +€26,762
- Stocks and contracts +€5,097
up €5,097 (+4.5%), from €114,208 to €119,306
- Contributions -€200,000
down €200,000 (-67.4%), from €296,747 to €96,747
- Accrued charges and deferred income -€49,652
down €49,652 (-83.7%), from €59,303 to €9,651
- Trade debts +€28,880
up €28,880, from €0 to €28,880
- Reserves +€24,090
up €24,090 (+85.4%), from €28,197 to €52,287
of which Distributable reserves: +€24,090
- Debts after one year +€13,000
new in 2024: €13,000
- Turnover +€1.2m
new in 2024: €1.2m
- Purchases and services +€708,820
new in 2024: €708,820
- Staff costs +€38,850
up €38,850 (+10.9%), from €357,293 to €396,143
- Gross operating margin +€23,693
up €23,693 (+5.1%), from €461,037 to €484,730
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 | €508,722 | €343,380 | -€165,343 | -32.5% |
| Fixed assets | 21/28 | €125,800 | €152,733 | +€26,933 | +21.4% |
| Intangible fixed assets | 21 | €503 | €0 | -€503 | -100.0% |
| Tangible fixed assets | 22/27 | €124,183 | €152,504 | +€28,321 | +22.8% |
| Land and buildings | 22 | - | €26,762 | +€26,762 | |
| Plant, machinery and equipment | 23 | €39,188 | €41,957 | +€2,769 | +7.1% |
| Furniture and vehicles | 24 | €6,663 | €15,580 | +€8,917 | +133.8% |
| Other tangible fixed assets | 26 | €78,333 | €68,206 | -€10,126 | -12.9% |
| Financial fixed assets | 28 | €1,114 | €229 | -€885 | -79.4% |
| Current assets | 29/58 | €382,923 | €190,646 | -€192,276 | -50.2% |
| Stocks and contracts in progress | 3 | €114,208 | €119,306 | +€5,097 | +4.5% |
| Stocks | 30/36 | €114,208 | €119,306 | +€5,097 | +4.5% |
| Amounts receivable within one year | 40/41 | €204,478 | €6,704 | -€197,774 | -96.7% |
| Trade receivables | 40 | €56,156 | €6,704 | -€49,452 | -88.1% |
| Other amounts receivable | 41 | €148,322 | - | -€148,322 | |
| Cash at bank and in hand | 54/58 | €55,432 | €56,524 | +€1,093 | +2.0% |
| Deferred charges and accrued income | 490/1 | €8,804 | €8,112 | -€692 | -7.9% |
| Total equity and liabilities | 10/49 | €508,722 | €343,380 | -€165,343 | -32.5% |
| Equity | 10/15 | €312,231 | €149,034 | -€163,196 | -52.3% |
| Contributions | 10/11 | €296,747 | €96,747 | -€200,000 | -67.4% |
| Reserves | 13 | €28,197 | €52,287 | +€24,090 | +85.4% |
| Tax-exempt reserves | 132 | €28,197 | €28,197 | = | 0.0% |
| Distributable reserves | 133 | €0 | €24,090 | +€24,090 | |
| Profit (loss) carried forward | 14 | -€12,714 | - | +€12,714 | |
| Amounts payable | 17/49 | €196,492 | €194,345 | -€2,147 | -1.1% |
| Amounts payable after more than one year | 17 | - | €13,000 | +€13,000 | |
| Financial debts | 170/4 | - | €13,000 | +€13,000 | |
| Amounts payable within one year | 42/48 | €137,189 | €171,694 | +€34,506 | +25.2% |
| Financial debts | 43 | €7,110 | €8,137 | +€1,026 | +14.4% |
| Credit institutions | 430/8 | €7,110 | €8,137 | +€1,026 | +14.4% |
| Trade debts | 44 | €0 | €28,880 | +€28,880 | |
| Suppliers | 440/4 | €0 | €28,880 | +€28,880 | |
| Taxes, remuneration and social security | 45 | €130,078 | €125,668 | -€4,410 | -3.4% |
| Taxes | 450/3 | €76,995 | €69,953 | -€7,042 | -9.1% |
| Remuneration and social security | 454/9 | €53,083 | €55,715 | +€2,631 | +5.0% |
| Other amounts payable | 47/48 | - | €9,009 | +€9,009 | |
| Accrued charges and deferred income | 492/3 | €59,303 | €9,651 | -€49,652 | -83.7% |
| Turnover | 70 | - | €1,181,928 | +€1.2m | |
| Non-recurring operating income | 76A | €16,717 | €6,076 | -€10,642 | -63.7% |
| Goods, raw materials, services and sundry goods | 60/61 | - | €708,820 | +€708,820 | |
| Remuneration, social security and pensions | 62 | €357,293 | €396,143 | +€38,850 | +10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,333 | €27,610 | +€4,277 | +18.3% |
| Other operating charges | 640/8 | €1,454 | €1,197 | -€258 | -17.7% |
| Gross operating margin | 9900 | €461,037 | €484,730 | +€23,693 | +5.1% |
| Operating profit (loss) | 9901 | €78,956 | €59,780 | -€19,176 | -24.3% |
| Financial income | 75/76B | €7,260 | €7,084 | -€176 | -2.4% |
| Recurring financial income | 75 | €7,260 | €7,084 | -€176 | -2.4% |
| Financial charges | 65/66B | €9,331 | €13,706 | +€4,375 | +46.9% |
| Recurring financial charges | 65 | €9,331 | €13,706 | +€4,375 | +46.9% |
| Profit (loss) for the period before taxes | 9903 | €76,885 | €53,158 | -€23,728 | -30.9% |
| Income taxes | 67/77 | €18,225 | €16,354 | -€1,871 | -10.3% |
| Profit (loss) for the period | 9904 | €58,661 | €36,804 | -€21,857 | -37.3% |
| Profit (loss) for the period to be appropriated | 9905 | €58,661 | €36,804 | -€21,857 | -37.3% |
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 4 October 2026 via checked.be.