GALLIOT PHILIPPE: 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.
GALLIOT PHILIPPE
Largest movements
- Cash +€20,317
up €20,317 (+12.5%), from €161,903 to €182,220
mainly Net result for the year (+€24,012) and Depreciation (+€7,374)
- Tangible fixed assets -€5,701
down €5,701 (-28.5%), from €20,017 to €14,316
of which Furniture and vehicles: -€4,153
- Receivables within one year +€5,679
up €5,679 (+24.2%), from €23,485 to €29,163
of which Trade receivables: +€7,290
- Reserves +€24,012
up €24,012 (+960.5%), from €2,500 to €26,512
of which Distributable reserves: +€24,012
- Trade debts -€4,747
down €4,747 (-43.5%), from €10,908 to €6,161
- Other debts +€3,923
up €3,923 (+155.1%), from €2,529 to €6,452
- Gross operating margin +€15,269
up €15,269 (+21.1%), from €72,406 to €87,675
- Staff costs -€4,594
down €4,594 (-8.0%), from €57,699 to €53,105
- Taxes +€2,405
up €2,405 (+4117.0%), from €58 to €2,464
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 | €235,721 | €257,110 | +€21,388 | +9.1% |
| Fixed assets | 21/28 | €20,338 | €14,637 | -€5,701 | -28.0% |
| Tangible fixed assets | 22/27 | €20,017 | €14,316 | -€5,701 | -28.5% |
| Plant, machinery and equipment | 23 | €2,898 | €1,350 | -€1,548 | -53.4% |
| Furniture and vehicles | 24 | €17,118 | €12,966 | -€4,153 | -24.3% |
| Financial fixed assets | 28 | €321 | €321 | = | 0.0% |
| Current assets | 29/58 | €215,384 | €242,473 | +€27,090 | +12.6% |
| Stocks and contracts in progress | 3 | €5,819 | €4,903 | -€916 | -15.7% |
| Stocks | 30/36 | €5,819 | €4,903 | -€916 | -15.7% |
| Amounts receivable within one year | 40/41 | €23,485 | €29,163 | +€5,679 | +24.2% |
| Trade receivables | 40 | €16,602 | €23,891 | +€7,290 | +43.9% |
| Other amounts receivable | 41 | €6,883 | €5,272 | -€1,611 | -23.4% |
| Cash at bank and in hand | 54/58 | €161,903 | €182,220 | +€20,317 | +12.5% |
| Deferred charges and accrued income | 490/1 | €24,176 | €26,187 | +€2,010 | +8.3% |
| Total equity and liabilities | 10/49 | €235,721 | €257,110 | +€21,388 | +9.1% |
| Equity | 10/15 | €218,988 | €243,000 | +€24,012 | +11.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €2,500 | €26,512 | +€24,012 | +960.5% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | - | €24,012 | +€24,012 | |
| Profit (loss) carried forward | 14 | €191,488 | €191,488 | = | 0.0% |
| Amounts payable | 17/49 | €16,734 | €14,109 | -€2,624 | -15.7% |
| Amounts payable within one year | 42/48 | €16,692 | €14,109 | -€2,582 | -15.5% |
| Trade debts | 44 | €10,908 | €6,161 | -€4,747 | -43.5% |
| Suppliers | 440/4 | €10,908 | €6,161 | -€4,747 | -43.5% |
| Taxes, remuneration and social security | 45 | €3,254 | €1,497 | -€1,758 | -54.0% |
| Taxes | 450/3 | - | €14 | +€14 | |
| Remuneration and social security | 454/9 | €3,254 | €1,483 | -€1,772 | -54.4% |
| Other amounts payable | 47/48 | €2,529 | €6,452 | +€3,923 | +155.1% |
| Accrued charges and deferred income | 492/3 | €42 | - | -€42 | |
| Remuneration, social security and pensions | 62 | €57,699 | €53,105 | -€4,594 | -8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,095 | €7,374 | +€279 | +3.9% |
| Other operating charges | 640/8 | €1,468 | €1,313 | -€156 | -10.6% |
| Non-recurring operating charges | 66A | €16,146 | - | -€16,146 | |
| Gross operating margin | 9900 | €72,406 | €87,675 | +€15,269 | +21.1% |
| Operating profit (loss) | 9901 | -€10,002 | €25,884 | +€35,886 | |
| Financial income | 75/76B | €883 | €803 | -€80 | -9.1% |
| Recurring financial income | 75 | €883 | €803 | -€80 | -9.1% |
| Financial charges | 65/66B | €103 | €211 | +€107 | +103.5% |
| Recurring financial charges | 65 | €103 | €211 | +€107 | +103.5% |
| Profit (loss) for the period before taxes | 9903 | -€9,222 | €26,476 | +€35,698 | |
| Income taxes | 67/77 | €58 | €2,464 | +€2,405 | +4117.0% |
| Profit (loss) for the period | 9904 | -€9,281 | €24,012 | +€33,293 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,281 | €24,012 | +€33,293 |
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 11 October 2026 via checked.be.