GALLINIS: 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.
GALLINIS
Largest movements
- Cash -€325,854
down €325,854 (-34.3%), from €948,699 to €622,845
mainly Investment in fixed assets (net) (-€273,299) and Other debts (-€250,000)
- Tangible fixed assets +€199,888
up €199,888 (+66.3%), from €301,619 to €501,506
of which Plant, machinery and equipment: +€139,826
- Stocks and contracts +€138,106
up €138,106 (+30.3%), from €455,984 to €594,090
- Current investments +€50,000
up €50,000 (+20.0%), from €250,000 to €300,000
- Reserves +€514,749
up €514,749 (+28.2%), from €1.8m to €2.3m
of which Distributable reserves: +€514,749
- Other debts -€250,000
down €250,000 (-83.3%), from €300,000 to €50,000
- Trade debts -€225,132
down €225,132 (-36.5%), from €616,825 to €391,692
- Gross operating margin -€349,455
down €349,455 (-20.2%), from €1.7m to €1.4m
- Taxes -€86,092
down €86,092 (-32.9%), from €261,725 to €175,633
- Other operating charges -€79,780
down €79,780 (-59.8%), from €133,487 to €53,707
- Staff costs +€72,551
up €72,551 (+14.9%), from €487,091 to €559,643
- Depreciation +€21,575
up €21,575 (+36.0%), from €59,965 to €81,540
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 | €2,850,621 | €2,902,441 | +€51,820 | +1.8% |
| Fixed assets | 21/28 | €321,727 | €513,487 | +€191,759 | +59.6% |
| Intangible fixed assets | 21 | €20,109 | €11,981 | -€8,128 | -40.4% |
| Tangible fixed assets | 22/27 | €301,619 | €501,506 | +€199,888 | +66.3% |
| Plant, machinery and equipment | 23 | €301,619 | €441,445 | +€139,826 | +46.4% |
| Furniture and vehicles | 24 | - | €60,061 | +€60,061 | |
| Current assets | 29/58 | €2,528,893 | €2,388,954 | -€139,939 | -5.5% |
| Stocks and contracts in progress | 3 | €455,984 | €594,090 | +€138,106 | +30.3% |
| Stocks | 30/36 | €455,984 | €594,090 | +€138,106 | +30.3% |
| Amounts receivable within one year | 40/41 | €867,735 | €872,018 | +€4,284 | +0.5% |
| Trade receivables | 40 | €796,620 | €822,592 | +€25,972 | +3.3% |
| Other amounts receivable | 41 | €71,115 | €49,426 | -€21,688 | -30.5% |
| Current investments | 50/53 | €250,000 | €300,000 | +€50,000 | +20.0% |
| Cash at bank and in hand | 54/58 | €948,699 | €622,845 | -€325,854 | -34.3% |
| Deferred charges and accrued income | 490/1 | €6,475 | €0 | -€6,475 | -100.0% |
| Total equity and liabilities | 10/49 | €2,850,621 | €2,902,441 | +€51,820 | +1.8% |
| Equity | 10/15 | €1,885,024 | €2,399,773 | +€514,749 | +27.3% |
| 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 | €1,823,524 | €2,338,273 | +€514,749 | +28.2% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €1,817,374 | €2,332,123 | +€514,749 | +28.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €965,596 | €502,668 | -€462,928 | -47.9% |
| Amounts payable within one year | 42/48 | €965,596 | €502,668 | -€462,928 | -47.9% |
| Trade debts | 44 | €616,825 | €391,692 | -€225,132 | -36.5% |
| Suppliers | 440/4 | €616,825 | €391,692 | -€225,132 | -36.5% |
| Taxes, remuneration and social security | 45 | €48,772 | €60,976 | +€12,204 | +25.0% |
| Remuneration and social security | 454/9 | €48,772 | €60,976 | +€12,204 | +25.0% |
| Other amounts payable | 47/48 | €300,000 | €50,000 | -€250,000 | -83.3% |
| Remuneration, social security and pensions | 62 | €487,091 | €559,643 | +€72,551 | +14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,965 | €81,540 | +€21,575 | +36.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,457 | €0 | -€9,457 | -100.0% |
| Other operating charges | 640/8 | €133,487 | €53,707 | -€79,780 | -59.8% |
| Gross operating margin | 9900 | €1,731,009 | €1,381,554 | -€349,455 | -20.2% |
| Operating profit (loss) | 9901 | €1,041,009 | €686,665 | -€354,344 | -34.0% |
| Financial income | 75/76B | €8,800 | €7,135 | -€1,665 | -18.9% |
| Recurring financial income | 75 | €8,800 | €7,135 | -€1,665 | -18.9% |
| Financial charges | 65/66B | €4,527 | €3,418 | -€1,109 | -24.5% |
| Recurring financial charges | 65 | €4,527 | €3,418 | -€1,109 | -24.5% |
| Profit (loss) for the period before taxes | 9903 | €1,045,282 | €690,381 | -€354,901 | -34.0% |
| Income taxes | 67/77 | €261,725 | €175,633 | -€86,092 | -32.9% |
| Profit (loss) for the period | 9904 | €783,557 | €514,749 | -€268,808 | -34.3% |
| Profit (loss) for the period to be appropriated | 9905 | €783,557 | €514,749 | -€268,808 | -34.3% |
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 7 October 2026 via checked.be.