Gallibas: 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.
Gallibas
Largest movements
- Receivables within one year +€668,872
up €668,872 (+173.5%), from €385,511 to €1.1m
of which Other amounts receivable: +€739,232
- Cash -€248,404
down €248,404 (-20.1%), from €1.2m to €987,419
mainly Receivables within one year (-€668,872) and Investment in fixed assets (net) (-€500,737)
- Tangible fixed assets -€195,762
down €195,762 (-2.5%), from €7.7m to €7.5m
of which Land and buildings: -€442,443
- Intangible fixed assets -€155,884
down €155,884 (-20.8%), from €749,789 to €593,904
- Profit (loss) carried forward +€740,162
up €740,162, from -€10,491 to €729,671
- Trade debts -€402,419
down €402,419 (-31.7%), from €1.3m to €867,799
- Debts after one year -€274,413
down €274,413 (-3.2%), from €8.6m to €8.3m
- Gross operating margin +€1.7m
up €1.7m (+179.2%), from €927,251 to €2.6m
- Depreciation +€504,663
up €504,663 (+145.1%), from €347,721 to €852,383
- Staff costs +€238,198
up €238,198 (+118.9%), from €200,252 to €438,450
- Taxes +€234,672
up €234,672 (+1414.5%), from €16,590 to €251,262
- Financial charges +€217,300
up €217,300 (+467.2%), from €46,512 to €263,813
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.
Cash bridge derived
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 | €10,778,538 | €10,928,079 | +€149,542 | +1.4% |
| Fixed assets | 21/28 | €8,482,712 | €8,131,065 | -€351,646 | -4.1% |
| Intangible fixed assets | 21 | €749,789 | €593,904 | -€155,884 | -20.8% |
| Tangible fixed assets | 22/27 | €7,732,923 | €7,537,161 | -€195,762 | -2.5% |
| Land and buildings | 22 | €7,203,585 | €6,761,142 | -€442,443 | -6.1% |
| Plant, machinery and equipment | 23 | €528,780 | €769,133 | +€240,353 | +45.5% |
| Furniture and vehicles | 24 | €558 | €6,886 | +€6,328 | +1133.4% |
| Current assets | 29/58 | €2,295,826 | €2,797,014 | +€501,188 | +21.8% |
| Stocks and contracts in progress | 3 | €633,345 | €673,761 | +€40,416 | +6.4% |
| Stocks | 30/36 | €633,345 | €673,761 | +€40,416 | +6.4% |
| Amounts receivable within one year | 40/41 | €385,511 | €1,054,383 | +€668,872 | +173.5% |
| Trade receivables | 40 | €339,466 | €269,106 | -€70,360 | -20.7% |
| Other amounts receivable | 41 | €46,046 | €785,277 | +€739,232 | +1605.4% |
| Cash at bank and in hand | 54/58 | €1,235,822 | €987,419 | -€248,404 | -20.1% |
| Deferred charges and accrued income | 490/1 | €41,147 | €81,451 | +€40,303 | +97.9% |
| Total equity and liabilities | 10/49 | €10,778,538 | €10,928,079 | +€149,542 | +1.4% |
| Equity | 10/15 | €384,219 | €1,124,381 | +€740,162 | +192.6% |
| Contributions | 10/11 | €180,000 | €180,000 | = | 0.0% |
| Reserves | 13 | €214,710 | €214,710 | = | 0.0% |
| Tax-exempt reserves | 132 | €214,710 | €214,710 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,491 | €729,671 | +€740,162 | |
| Amounts payable | 17/49 | €10,394,318 | €9,803,698 | -€590,620 | -5.7% |
| Amounts payable after more than one year | 17 | €8,565,562 | €8,291,149 | -€274,413 | -3.2% |
| Financial debts | 170/4 | €8,565,562 | €8,291,149 | -€274,413 | -3.2% |
| Amounts payable within one year | 42/48 | €1,828,757 | €1,512,550 | -€316,207 | -17.3% |
| Current portion of amounts payable after more than one year | 42 | €493,784 | €535,741 | +€41,957 | +8.5% |
| Trade debts | 44 | €1,270,219 | €867,799 | -€402,419 | -31.7% |
| Suppliers | 440/4 | €1,270,219 | €867,799 | -€402,419 | -31.7% |
| Taxes, remuneration and social security | 45 | €64,744 | €109,009 | +€44,265 | +68.4% |
| Taxes | 450/3 | €9,734 | €66,762 | +€57,028 | +585.9% |
| Remuneration and social security | 454/9 | €55,011 | €42,248 | -€12,763 | -23.2% |
| Other amounts payable | 47/48 | €10 | €0 | -€10 | -100.0% |
| Remuneration, social security and pensions | 62 | €200,252 | €438,450 | +€238,198 | +118.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €347,721 | €852,383 | +€504,663 | +145.1% |
| Other operating charges | 640/8 | €23,677 | €45,885 | +€22,208 | +93.8% |
| Non-recurring operating charges | 66A | €119,428 | €0 | -€119,428 | -100.0% |
| Gross operating margin | 9900 | €927,251 | €2,588,428 | +€1.7m | +179.2% |
| Operating profit (loss) | 9901 | €236,173 | €1,251,710 | +€1.0m | +430.0% |
| Financial income | 75/76B | €0 | €3,526 | +€3,526 | |
| Recurring financial income | 75 | €0 | €3,526 | +€3,526 | |
| Financial charges | 65/66B | €46,512 | €263,813 | +€217,300 | +467.2% |
| Recurring financial charges | 65 | €46,512 | €263,813 | +€217,300 | +467.2% |
| Profit (loss) for the period before taxes | 9903 | €189,660 | €991,424 | +€801,763 | +422.7% |
| Income taxes | 67/77 | €16,590 | €251,262 | +€234,672 | +1414.5% |
| Profit (loss) for the period | 9904 | €173,070 | €740,162 | +€567,092 | +327.7% |
| Transfer to tax-exempt reserves | 689 | €214,710 | €0 | -€214,710 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€41,640 | €740,162 | +€781,802 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.