GALLIBEL: 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.
GALLIBEL
Largest movements
- Receivables within one year -€164,137
down €164,137 (-77.8%), from €210,980 to €46,842
of which Trade receivables: -€164,137
- Cash +€45,941
up €45,941 (+444.1%), from €10,344 to €56,285
mainly Receivables within one year (+€164,137) and Depreciation (+€51,385)
- Stocks and contracts +€26,194
up €26,194 (+149.0%), from €17,585 to €43,779
- Other debts -€121,908
down €121,908 (-18.4%), from €662,444 to €540,536
- Trade debts +€44,317
up €44,317 (+172.3%), from €25,722 to €70,039
- Accrued charges and deferred income -€20,007
down €20,007 (-6.2%), from €322,748 to €302,741
- Gross operating margin -€87,172
down €87,172 (-46.8%), from €186,148 to €98,976
- Taxes -€23,606
down €23,606 (-68.0%), from €34,705 to €11,098
- Financial charges +€5,121
up €5,121 (+15.4%), from €33,288 to €38,409
- Financial income +€2,362
up €2,362 (+295300.0%), from €1 to €2,363
- Depreciation +€1,926
up €1,926 (+3.9%), from €49,460 to €51,385
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 | €1,384,405 | €1,284,348 | -€100,057 | -7.2% |
| Fixed assets | 21/28 | €1,139,015 | €1,132,474 | -€6,541 | -0.6% |
| Tangible fixed assets | 22/27 | €1,139,015 | €1,132,474 | -€6,541 | -0.6% |
| Land and buildings | 22 | €1,100,110 | €1,105,223 | +€5,113 | +0.5% |
| Plant, machinery and equipment | 23 | €16,593 | €10,323 | -€6,270 | -37.8% |
| Furniture and vehicles | 24 | €22,313 | €16,928 | -€5,385 | -24.1% |
| Current assets | 29/58 | €245,390 | €151,874 | -€93,516 | -38.1% |
| Stocks and contracts in progress | 3 | €17,585 | €43,779 | +€26,194 | +149.0% |
| Stocks | 30/36 | €17,585 | €43,779 | +€26,194 | +149.0% |
| Amounts receivable within one year | 40/41 | €210,980 | €46,842 | -€164,137 | -77.8% |
| Trade receivables | 40 | €210,980 | €46,842 | -€164,137 | -77.8% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €10,344 | €56,285 | +€45,941 | +444.1% |
| Deferred charges and accrued income | 490/1 | €6,481 | €4,968 | -€1,514 | -23.4% |
| Total equity and liabilities | 10/49 | €1,384,405 | €1,284,348 | -€100,057 | -7.2% |
| Equity | 10/15 | €349,303 | €344,569 | -€4,733 | -1.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €145,901 | €138,385 | -€7,516 | -5.2% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €139,751 | €132,235 | -€7,516 | -5.4% |
| Profit (loss) carried forward | 14 | €141,902 | €144,684 | +€2,783 | +2.0% |
| Amounts payable | 17/49 | €1,035,103 | €939,779 | -€95,324 | -9.2% |
| Amounts payable within one year | 42/48 | €712,354 | €637,037 | -€75,317 | -10.6% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €25,722 | €70,039 | +€44,317 | +172.3% |
| Suppliers | 440/4 | €25,722 | €70,039 | +€44,317 | +172.3% |
| Taxes, remuneration and social security | 45 | €24,188 | €26,462 | +€2,274 | +9.4% |
| Taxes | 450/3 | €24,188 | €23,509 | -€680 | -2.8% |
| Remuneration and social security | 454/9 | - | €2,953 | +€2,953 | |
| Other amounts payable | 47/48 | €662,444 | €540,536 | -€121,908 | -18.4% |
| Accrued charges and deferred income | 492/3 | €322,748 | €302,741 | -€20,007 | -6.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,460 | €51,385 | +€1,926 | +3.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €3,857 | €5,180 | +€1,322 | +34.3% |
| Gross operating margin | 9900 | €186,148 | €98,976 | -€87,172 | -46.8% |
| Operating profit (loss) | 9901 | €132,831 | €42,411 | -€90,420 | -68.1% |
| Financial income | 75/76B | €1 | €2,363 | +€2,362 | +295300.0% |
| Recurring financial income | 75 | €1 | €2,363 | +€2,362 | +295300.0% |
| Financial charges | 65/66B | €33,288 | €38,409 | +€5,121 | +15.4% |
| Recurring financial charges | 65 | €33,288 | €38,409 | +€5,121 | +15.4% |
| Profit (loss) for the period before taxes | 9903 | €99,544 | €6,365 | -€93,179 | -93.6% |
| Income taxes | 67/77 | €34,705 | €11,098 | -€23,606 | -68.0% |
| Profit (loss) for the period | 9904 | €64,839 | -€4,733 | -€69,572 | |
| Transfer from tax-exempt reserves | 789 | €7,516 | €7,516 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €72,355 | €2,783 | -€69,572 | -96.2% |
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 11 October 2026 via checked.be.