Gallinago Project Management: 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.
Gallinago Project Management
Largest movements
- Cash +€25,485
up €25,485 (+47.0%), from €54,262 to €79,747
mainly Net result for the year (+€35,370) and Depreciation (+€1,690)
- Tangible fixed assets +€7,918
up €7,918 (+199%), from €3,986 to €11,905
of which Plant, machinery and equipment: +€7,913
- Profit (loss) carried forward +€35,370
up €35,370 (+74.1%), from €47,707 to €83,078
- Tax, wage and social debts -€1,177
down €1,177 (-6.1%), from €19,194 to €18,017
- Gross operating margin -€5,800
down €5,800 (-10.7%), from €53,971 to €48,171
- Taxes -€1,078
down €1,078 (-10.4%), from €10,392 to €9,314
- Depreciation +€861
up €861 (+104%), from €829 to €1,690
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 | €72,100 | €105,717 | +€33,617 | +46.6% |
| Fixed assets | 21/28 | €3,986 | €11,905 | +€7,918 | +199% |
| Tangible fixed assets | 22/27 | €3,986 | €11,905 | +€7,918 | +199% |
| Plant, machinery and equipment | 23 | €2,679 | €10,592 | +€7,913 | +295% |
| Furniture and vehicles | 24 | €1,307 | €1,312 | +€5 | +0.4% |
| Current assets | 29/58 | €68,114 | €93,812 | +€25,698 | +37.7% |
| Amounts receivable within one year | 40/41 | €13,271 | €13,640 | +€369 | +2.8% |
| Trade receivables | 40 | €13,013 | €13,568 | +€555 | +4.3% |
| Other amounts receivable | 41 | €258 | €72 | -€186 | -72.2% |
| Cash at bank and in hand | 54/58 | €54,262 | €79,747 | +€25,485 | +47.0% |
| Deferred charges and accrued income | 490/1 | €581 | €425 | -€156 | -26.8% |
| Total equity and liabilities | 10/49 | €72,100 | €105,717 | +€33,617 | +46.6% |
| Equity | 10/15 | €50,707 | €86,078 | +€35,370 | +69.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,707 | €83,078 | +€35,370 | +74.1% |
| Amounts payable | 17/49 | €21,393 | €19,639 | -€1,753 | -8.2% |
| Amounts payable within one year | 42/48 | €21,393 | €19,639 | -€1,753 | -8.2% |
| Trade debts | 44 | €2,198 | €1,622 | -€577 | -26.2% |
| Suppliers | 440/4 | €2,198 | €1,622 | -€577 | -26.2% |
| Taxes, remuneration and social security | 45 | €19,194 | €18,017 | -€1,177 | -6.1% |
| Taxes | 450/3 | €19,194 | €18,017 | -€1,177 | -6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €829 | €1,690 | +€861 | +104% |
| Other operating charges | 640/8 | €692 | €773 | +€81 | +11.6% |
| Gross operating margin | 9900 | €53,971 | €48,171 | -€5,800 | -10.7% |
| Operating profit (loss) | 9901 | €52,450 | €45,708 | -€6,742 | -12.9% |
| Financial income | 75/76B | €0 | €50 | +€50 | +495,000% |
| Recurring financial income | 75 | €0 | €50 | +€50 | +495,000% |
| Financial charges | 65/66B | €1,560 | €1,073 | -€487 | -31.2% |
| Recurring financial charges | 65 | €1,560 | €1,073 | -€487 | -31.2% |
| Profit (loss) for the period before taxes | 9903 | €50,890 | €44,684 | -€6,206 | -12.2% |
| Income taxes | 67/77 | €10,392 | €9,314 | -€1,078 | -10.4% |
| Profit (loss) for the period | 9904 | €40,497 | €35,370 | -€5,127 | -12.7% |
| Profit (loss) for the period to be appropriated | 9905 | €40,497 | €35,370 | -€5,127 | -12.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.