GALLIN: 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.
GALLIN
Largest movements
- Current investments -€2.1m
down €2.1m (-62.6%), from €3.4m to €1.3m
- Receivables after one year +€1.5m
new in 2025: €1.5m
- Receivables within one year +€1.3m
up €1.3m (+122%), from €1.1m to €2.4m
of which Trade receivables: +€1.4m
- Stocks and contracts +€1.1m
up €1.1m (+82.8%), from €1.4m to €2.5m
- Cash -€1.1m
down €1.1m (-71.7%), from €1.5m to €433,973
mainly Investment in fixed assets (net) (-€1.6m) and Receivables after one year (-€1.5m)
- Trade debts +€1.2m
up €1.2m (+101%), from €1.1m to €2.3m
- Reserves +€918,691
up €918,691 (+7.6%), from €12.0m to €13.0m
of which Distributable reserves: +€932,637
- Other debts -€326,349
down €326,349 (-99.0%), from €329,546 to €3,197
- Debts after one year -€296,246
down €296,246 (-21.5%), from €1.4m to €1.1m
of which Financial debts: -€183,946
- Depreciation +€145,910
up €145,910 (+20.1%), from €726,715 to €872,626
- Staff costs +€135,297
up €135,297 (+55.9%), from €242,036 to €377,333
- Taxes -€125,473
down €125,473 (-12.7%), from €989,227 to €863,754
- Provisions +€110,740
no longer reported in 2025 (was -€110,740)
- Financial income +€67,124
up €67,124 (+152%), from €44,142 to €111,266
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.
Derived cash bridge
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 | €15,279,645 | €16,697,585 | +€1.4m | +9.3% |
| Fixed assets | 21/28 | €7,947,290 | €8,646,333 | +€699,043 | +8.8% |
| Intangible fixed assets | 21 | €1,263,397 | €1,263,397 | = | 0.0% |
| Tangible fixed assets | 22/27 | €6,682,864 | €7,382,005 | +€699,141 | +10.5% |
| Land and buildings | 22 | €4,997,610 | €4,766,095 | -€231,515 | -4.6% |
| Plant, machinery and equipment | 23 | €593,259 | €1,288,076 | +€694,817 | +117% |
| Furniture and vehicles | 24 | €1,091,995 | €1,327,834 | +€235,839 | +21.6% |
| Financial fixed assets | 28 | €1,029 | €931 | -€98 | -9.5% |
| Current assets | 29/58 | €7,332,354 | €8,051,252 | +€718,898 | +9.8% |
| Amounts receivable after more than one year | 29 | - | €1,524,150 | +€1.5m | |
| Other amounts receivable | 291 | - | €1,524,150 | +€1.5m | |
| Stocks and contracts in progress | 3 | €1,350,000 | €2,467,500 | +€1.1m | +82.8% |
| Stocks | 30/36 | €1,350,000 | €2,467,500 | +€1.1m | +82.8% |
| Amounts receivable within one year | 40/41 | €1,063,678 | €2,365,478 | +€1.3m | +122% |
| Trade receivables | 40 | €884,551 | €2,302,652 | +€1.4m | +160% |
| Other amounts receivable | 41 | €179,127 | €62,825 | -€116,301 | -64.9% |
| Current investments | 50/53 | €3,350,000 | €1,253,458 | -€2.1m | -62.6% |
| Cash at bank and in hand | 54/58 | €1,533,158 | €433,973 | -€1.1m | -71.7% |
| Deferred charges and accrued income | 490/1 | €35,519 | €6,693 | -€28,826 | -81.2% |
| Total equity and liabilities | 10/49 | €15,279,645 | €16,697,585 | +€1.4m | +9.3% |
| Equity | 10/15 | €12,054,076 | €12,972,767 | +€918,691 | +7.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €12,033,507 | €12,952,197 | +€918,691 | +7.6% |
| Tax-exempt reserves | 132 | €321,216 | €307,270 | -€13,947 | -4.3% |
| Distributable reserves | 133 | €11,712,291 | €12,644,928 | +€932,637 | +8.0% |
| Profit (loss) carried forward | 14 | €1,978 | €1,978 | = | 0.0% |
| Provisions and deferred taxes | 16 | €76,019 | €70,953 | -€5,065 | -6.7% |
| Deferred taxes | 168 | €76,019 | €70,953 | -€5,065 | -6.7% |
| Amounts payable | 17/49 | €3,149,550 | €3,653,865 | +€504,316 | +16.0% |
| Amounts payable after more than one year | 17 | €1,380,486 | €1,084,240 | -€296,246 | -21.5% |
| Financial debts | 170/4 | €478,186 | €294,240 | -€183,946 | -38.5% |
| Other amounts payable | 178/9 | €902,300 | €790,000 | -€112,300 | -12.4% |
| Amounts payable within one year | 42/48 | €1,685,841 | €2,525,527 | +€839,686 | +49.8% |
| Current portion of amounts payable after more than one year | 42 | €194,218 | €197,204 | +€2,986 | +1.5% |
| Trade debts | 44 | €1,144,411 | €2,301,210 | +€1.2m | +101% |
| Suppliers | 440/4 | €1,144,411 | €2,301,210 | +€1.2m | +101% |
| Taxes, remuneration and social security | 45 | €17,666 | €23,915 | +€6,249 | +35.4% |
| Taxes | 450/3 | €5,899 | €2,500 | -€3,399 | -57.6% |
| Remuneration and social security | 454/9 | €11,767 | €21,415 | +€9,648 | +82.0% |
| Other amounts payable | 47/48 | €329,546 | €3,197 | -€326,349 | -99.0% |
| Accrued charges and deferred income | 492/3 | €83,222 | €44,098 | -€39,124 | -47.0% |
| Remuneration, social security and pensions | 62 | €242,036 | €377,333 | +€135,297 | +55.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €726,715 | €872,626 | +€145,910 | +20.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€110,740 | - | +€110,740 | |
| Other operating charges | 640/8 | €25,420 | €57,028 | +€31,608 | +124% |
| Gross operating margin | 9900 | €4,056,821 | €4,072,782 | +€15,961 | +0.4% |
| Operating profit (loss) | 9901 | €3,173,389 | €2,765,795 | -€407,594 | -12.8% |
| Financial income | 75/76B | €44,142 | €111,266 | +€67,124 | +152% |
| Recurring financial income | 75 | €44,142 | €111,266 | +€67,124 | +152% |
| Financial charges | 65/66B | €78,054 | €46,293 | -€31,761 | -40.7% |
| Recurring financial charges | 65 | €78,054 | €46,293 | -€31,761 | -40.7% |
| Profit (loss) for the period before taxes | 9903 | €3,139,477 | €2,830,768 | -€308,709 | -9.8% |
| Transfer from deferred taxes | 780 | €4,555 | €5,065 | +€511 | +11.2% |
| Income taxes | 67/77 | €989,227 | €863,754 | -€125,473 | -12.7% |
| Profit (loss) for the period | 9904 | €2,154,805 | €1,972,080 | -€182,725 | -8.5% |
| Transfer from tax-exempt reserves | 789 | €222,873 | €13,947 | -€208,927 | -93.7% |
| Transfer to tax-exempt reserves | 689 | €105,250 | - | -€105,250 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,272,428 | €1,986,027 | -€286,402 | -12.6% |
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 17 October 2026 via checked.be.