GALLON ASSOCIATES: 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.
GALLON ASSOCIATES
Largest movements
- Cash -€194,488
down €194,488 (-53.4%), from €364,226 to €169,738
mainly Contributions, distributions and other (-€235,000) and Other debts (-€192,066)
- Financial fixed assets +€36,165
up €36,165 (+55.6%), from €65,094 to €101,259
- Receivables within one year -€6,355
down €6,355 (-5.5%), from €115,045 to €108,690
of which Trade receivables: -€39,992
- Other debts -€192,066
down €192,066 (-46.0%), from €417,623 to €225,557
- Profit (loss) carried forward +€54,348
up €54,348 (+240%), from €22,622 to €76,971
- Tax, wage and social debts -€26,115
down €26,115 (-26.6%), from €98,276 to €72,161
- Gross operating margin -€178,890
down €178,890 (-31.6%), from €566,348 to €387,458
- Taxes -€42,904
down €42,904 (-30.8%), from €139,267 to €96,362
- Financial charges -€15,065
down €15,065 (-93.5%), from €16,108 to €1,043
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 | €544,717 | €379,688 | -€165,029 | -30.3% |
| Fixed assets | 21/28 | €65,446 | €101,259 | +€35,814 | +54.7% |
| Tangible fixed assets | 22/27 | €351 | €0 | -€351 | -100% |
| Furniture and vehicles | 24 | €351 | €0 | -€351 | -100% |
| Financial fixed assets | 28 | €65,094 | €101,259 | +€36,165 | +55.6% |
| Current assets | 29/58 | €479,271 | €278,429 | -€200,843 | -41.9% |
| Amounts receivable within one year | 40/41 | €115,045 | €108,690 | -€6,355 | -5.5% |
| Trade receivables | 40 | €115,045 | €75,053 | -€39,992 | -34.8% |
| Other amounts receivable | 41 | - | €33,638 | +€33,638 | |
| Cash at bank and in hand | 54/58 | €364,226 | €169,738 | -€194,488 | -53.4% |
| Total equity and liabilities | 10/49 | €544,717 | €379,688 | -€165,029 | -30.3% |
| Equity | 10/15 | €27,622 | €81,971 | +€54,348 | +197% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,622 | €76,971 | +€54,348 | +240% |
| Amounts payable | 17/49 | €517,094 | €297,717 | -€219,377 | -42.4% |
| Amounts payable within one year | 42/48 | €517,094 | €297,717 | -€219,377 | -42.4% |
| Trade debts | 44 | €1,196 | €0 | -€1,196 | -100% |
| Suppliers | 440/4 | €1,196 | €0 | -€1,196 | -100% |
| Taxes, remuneration and social security | 45 | €98,276 | €72,161 | -€26,115 | -26.6% |
| Taxes | 450/3 | €98,276 | €72,161 | -€26,115 | -26.6% |
| Other amounts payable | 47/48 | €417,623 | €225,557 | -€192,066 | -46.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €427 | €351 | -€75 | -17.7% |
| Other operating charges | 640/8 | €778 | €400 | -€378 | -48.6% |
| Gross operating margin | 9900 | €566,348 | €387,458 | -€178,890 | -31.6% |
| Operating profit (loss) | 9901 | €565,144 | €386,707 | -€178,437 | -31.6% |
| Financial income | 75/76B | €10 | €46 | +€35 | +344% |
| Recurring financial income | 75 | €10 | €46 | +€35 | +344% |
| Financial charges | 65/66B | €16,108 | €1,043 | -€15,065 | -93.5% |
| Recurring financial charges | 65 | €16,108 | €1,043 | -€15,065 | -93.5% |
| Profit (loss) for the period before taxes | 9903 | €549,047 | €385,711 | -€163,336 | -29.7% |
| Income taxes | 67/77 | €139,267 | €96,362 | -€42,904 | -30.8% |
| Profit (loss) for the period | 9904 | €409,780 | €289,348 | -€120,432 | -29.4% |
| Profit (loss) for the period to be appropriated | 9905 | €409,780 | €289,348 | -€120,432 | -29.4% |
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 25 October 2026 via checked.be.