Gallomar: 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.
Gallomar
Largest movements
- Tangible fixed assets +€1.5m
up €1.5m (+104.6%), from €1.4m to €2.9m
of which Land and buildings: +€1.5m
- Deferred charges and accrued income +€59,711
up €59,711 (+9406.7%), from €635 to €60,346
- Debts after one year +€1.4m
up €1.4m (+182.4%), from €747,403 to €2.1m
- Reserves +€137,173
up €137,173 (+14.5%), from €943,784 to €1.1m
of which Distributable reserves: +€142,524
- Gross operating margin +€161,670
up €161,670 (+68.7%), from €235,466 to €397,135
- Other operating charges +€37,922
up €37,922 (+3683.4%), from €1,030 to €38,951
- Financial charges +€33,417
up €33,417 (+111.6%), from €29,952 to €63,370
- Depreciation +€30,019
up €30,019 (+27.5%), from €109,275 to €139,294
- Taxes -€5,957
down €5,957 (-20.5%), from €29,046 to €23,090
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 | €2,040,951 | €3,554,774 | +€1.5m | +74.2% |
| Fixed assets | 21/28 | €1,784,769 | €3,243,260 | +€1.5m | +81.7% |
| Tangible fixed assets | 22/27 | €1,394,719 | €2,853,210 | +€1.5m | +104.6% |
| Land and buildings | 22 | €1,393,909 | €2,852,805 | +€1.5m | +104.7% |
| Plant, machinery and equipment | 23 | €810 | €405 | -€405 | -50.0% |
| Financial fixed assets | 28 | €390,050 | €390,050 | = | 0.0% |
| Current assets | 29/58 | €256,182 | €311,514 | +€55,331 | +21.6% |
| Amounts receivable after more than one year | 29 | - | €693 | +€693 | |
| Other amounts receivable | 291 | - | €693 | +€693 | |
| Amounts receivable within one year | 40/41 | €100,430 | €105,262 | +€4,832 | +4.8% |
| Trade receivables | 40 | €75,815 | €78,178 | +€2,363 | +3.1% |
| Other amounts receivable | 41 | €24,615 | €27,084 | +€2,469 | +10.0% |
| Current investments | 50/53 | €21,455 | €21,455 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €133,662 | €123,758 | -€9,904 | -7.4% |
| Deferred charges and accrued income | 490/1 | €635 | €60,346 | +€59,711 | +9406.7% |
| Total equity and liabilities | 10/49 | €2,040,951 | €3,554,774 | +€1.5m | +74.2% |
| Equity | 10/15 | €1,005,784 | €1,142,957 | +€137,173 | +13.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €943,784 | €1,080,957 | +€137,173 | +14.5% |
| Tax-exempt reserves | 132 | €42,811 | €37,459 | -€5,351 | -12.5% |
| Distributable reserves | 133 | €900,973 | €1,043,497 | +€142,524 | +15.8% |
| Provisions and deferred taxes | 16 | €22,044 | €19,289 | -€2,756 | -12.5% |
| Deferred taxes | 168 | €22,044 | €19,289 | -€2,756 | -12.5% |
| Amounts payable | 17/49 | €1,013,123 | €2,392,529 | +€1.4m | +136.2% |
| Amounts payable after more than one year | 17 | €747,403 | €2,110,437 | +€1.4m | +182.4% |
| Financial debts | 170/4 | €747,403 | €2,110,437 | +€1.4m | +182.4% |
| Amounts payable within one year | 42/48 | €250,682 | €248,439 | -€2,243 | -0.9% |
| Current portion of amounts payable after more than one year | 42 | €194,594 | €200,538 | +€5,944 | +3.1% |
| Financial debts | 43 | €6,354 | €6,335 | -€19 | -0.3% |
| Credit institutions | 430/8 | €6,354 | €6,335 | -€19 | -0.3% |
| Trade debts | 44 | €18,755 | €24,434 | +€5,679 | +30.3% |
| Suppliers | 440/4 | €18,755 | €24,434 | +€5,679 | +30.3% |
| Taxes, remuneration and social security | 45 | €30,979 | €17,132 | -€13,847 | -44.7% |
| Taxes | 450/3 | €30,979 | €17,132 | -€13,847 | -44.7% |
| Accrued charges and deferred income | 492/3 | €15,038 | €33,653 | +€18,615 | +123.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €109,275 | €139,294 | +€30,019 | +27.5% |
| Other operating charges | 640/8 | €1,030 | €38,951 | +€37,922 | +3683.4% |
| Gross operating margin | 9900 | €235,466 | €397,135 | +€161,670 | +68.7% |
| Operating profit (loss) | 9901 | €125,162 | €218,890 | +€93,729 | +74.9% |
| Financial income | 75/76B | €1,735 | €1,986 | +€251 | +14.5% |
| Recurring financial income | 75 | €1,735 | €1,986 | +€251 | +14.5% |
| Financial charges | 65/66B | €29,952 | €63,370 | +€33,417 | +111.6% |
| Recurring financial charges | 65 | €29,952 | €63,370 | +€33,417 | +111.6% |
| Profit (loss) for the period before taxes | 9903 | €96,944 | €157,507 | +€60,563 | +62.5% |
| Transfer from deferred taxes | 780 | €2,756 | €2,756 | = | 0.0% |
| Income taxes | 67/77 | €29,046 | €23,090 | -€5,957 | -20.5% |
| Profit (loss) for the period | 9904 | €70,653 | €137,173 | +€66,519 | +94.1% |
| Transfer from tax-exempt reserves | 789 | €5,351 | €5,351 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €76,005 | €142,524 | +€66,519 | +87.5% |
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 28 September 2026 via checked.be.