GALLINA: 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.
GALLINA
Largest movements
- Receivables after one year +€750,000
new in 2025: €750,000
- Cash +€300,704
up €300,704 (+35.8%), from €839,298 to €1.1m
mainly Net result for the year (+€993,510) and Current investments (+€150,000)
- Current investments -€150,000
down €150,000 (-20.0%), from €750,000 to €600,000
- Reserves +€993,510
up €993,510 (+26.9%), from €3.7m to €4.7m
- Other debts -€86,000
down €86,000 (-100.0%), from €86,000 to €0
- Financial income -€483,486
down €483,486 (-38.5%), from €1.3m to €771,520
- Gross operating margin +€22,292
up €22,292 (+7.4%), from €301,436 to €323,728
- Taxes +€10,773
up €10,773 (+14.7%), from €73,075 to €83,848
- Depreciation +€3,350
up €3,350 (+26.8%), from €12,495 to €15,845
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 | €4,966,094 | €5,872,413 | +€906,319 | +18.3% |
| Formation expenses | 20 | €1,449 | €162 | -€1,287 | -88.8% |
| Fixed assets | 21/28 | €3,372,194 | €3,359,173 | -€13,021 | -0.4% |
| Tangible fixed assets | 22/27 | €32,444 | €19,423 | -€13,021 | -40.1% |
| Furniture and vehicles | 24 | €32,444 | €19,423 | -€13,021 | -40.1% |
| Financial fixed assets | 28 | €3,339,750 | €3,339,750 | = | 0.0% |
| Current assets | 29/58 | €1,592,452 | €2,513,079 | +€920,627 | +57.8% |
| Amounts receivable after more than one year | 29 | - | €750,000 | +€750,000 | |
| Other amounts receivable | 291 | - | €750,000 | +€750,000 | |
| Amounts receivable within one year | 40/41 | €1,929 | €15,514 | +€13,585 | +704.3% |
| Trade receivables | 40 | €1,929 | €12,100 | +€10,171 | +527.3% |
| Other amounts receivable | 41 | - | €3,414 | +€3,414 | |
| Current investments | 50/53 | €750,000 | €600,000 | -€150,000 | -20.0% |
| Cash at bank and in hand | 54/58 | €839,298 | €1,140,003 | +€300,704 | +35.8% |
| Deferred charges and accrued income | 490/1 | €1,225 | €7,562 | +€6,337 | +517.5% |
| Total equity and liabilities | 10/49 | €4,966,094 | €5,872,413 | +€906,319 | +18.3% |
| Equity | 10/15 | €4,871,151 | €5,864,661 | +€993,510 | +20.4% |
| Contributions | 10/11 | €1,173,250 | €1,173,250 | = | 0.0% |
| Reserves | 13 | €3,697,901 | €4,691,411 | +€993,510 | +26.9% |
| Distributable reserves | 133 | €3,697,901 | €4,691,411 | +€993,510 | +26.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €94,943 | €7,752 | -€87,191 | -91.8% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €94,102 | €7,697 | -€86,406 | -91.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €1,105 | €134 | -€970 | -87.8% |
| Suppliers | 440/4 | €1,105 | €134 | -€970 | -87.8% |
| Taxes, remuneration and social security | 45 | €6,998 | €7,562 | +€565 | +8.1% |
| Taxes | 450/3 | €6,998 | €7,562 | +€565 | +8.1% |
| Other amounts payable | 47/48 | €86,000 | €0 | -€86,000 | -100.0% |
| Accrued charges and deferred income | 492/3 | €841 | €55 | -€785 | -93.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,495 | €15,845 | +€3,350 | +26.8% |
| Other operating charges | 640/8 | €1,946 | €1,537 | -€409 | -21.0% |
| Gross operating margin | 9900 | €301,436 | €323,728 | +€22,292 | +7.4% |
| Operating profit (loss) | 9901 | €286,995 | €306,346 | +€19,351 | +6.7% |
| Financial income | 75/76B | €1,255,007 | €771,520 | -€483,486 | -38.5% |
| Recurring financial income | 75 | €1,255,007 | €771,520 | -€483,486 | -38.5% |
| Financial charges | 65/66B | €1,561 | €508 | -€1,053 | -67.4% |
| Recurring financial charges | 65 | €1,561 | €508 | -€1,053 | -67.4% |
| Profit (loss) for the period before taxes | 9903 | €1,540,440 | €1,077,358 | -€463,082 | -30.1% |
| Income taxes | 67/77 | €73,075 | €83,848 | +€10,773 | +14.7% |
| Profit (loss) for the period | 9904 | €1,467,365 | €993,510 | -€473,855 | -32.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,467,365 | €993,510 | -€473,855 | -32.3% |
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.