GALLOO TERTRE: 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.
What changed
GALLOO TERTRE
NACE 46.872, Wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€316,434
2024 · -€345,006+€28,572
Equity
€280,152
2024 · €596,586-€316,434
Cash
€217,475
2024 · €45,828+€171,647
Balance sheet total
€1.7m
2024 · €1.5m+€139,440
Largest movements
Assets
- Cash +€171,647
up €171,647 (+375%), from €45,828 to €217,475
mainly Other debts (+€548,166) and Depreciation (+€122,310)
- Stocks and contracts +€162,580
up €162,580 (+26.3%), from €617,677 to €780,258
- Tangible fixed assets -€112,734
down €112,734 (-36.6%), from €308,016 to €195,282
of which Furniture and vehicles: -€73,233
- Receivables within one year -€82,513
down €82,513 (-15.0%), from €550,699 to €468,186
of which Trade receivables: -€75,335
Equity and liabilities
- Other debts +€548,166
up €548,166 (+106%), from €516,038 to €1.1m
- Reserves -€231,191
down €231,191 (-87.4%), from €264,409 to €33,218
of which Distributable reserves: -€231,191
- Profit (loss) carried forward -€85,243
new in 2025: -€85,243
- Trade debts -€81,883
down €81,883 (-23.4%), from €350,241 to €268,358
Income statement
- Turnover -€1.9m
down €1.9m (-27.8%), from €6.9m to €5.0m
- Goods and materials -€1.8m
down €1.8m (-29.7%), from €5.9m to €4.1m
of which Purchases: -€1.5m
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.
Result 2024
-€345,006
Turnover
-€1.9m
Other operating income
+€24,178
Goods and materials
+€1.8m
Services and other goods
+€31,464
Staff costs
+€23,705
Depreciation
+€6,195
Provisions
+€20,116
Other operating charges
+€953
Other operating items
+€84,353
Financial income
+€3,607
Financial charges
+€7,096
Result 2025
-€316,434
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€181,223
Investment
-€9,576
Financing
€0
Cash 2024
€45,828
From operations (derived)
+€181,223
Net result for the year
-€316,434
Depreciation
+€122,310
Stocks and contracts
-€162,580
Receivables within one year
+€82,513
Smaller working-capital items
-€810
Provisions
-€10,058
Trade debts
-€81,883
Other debts
+€548,166
Investment (derived)
-€9,576
Investment in fixed assets (net)
-€9,576
Cash 2025
€217,475
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,529,827 | €1,669,267 | +€139,440 | +9.1% |
| Fixed assets | 21/28 | €311,856 | €199,122 | -€112,734 | -36.1% |
| Tangible fixed assets | 22/27 | €308,016 | €195,282 | -€112,734 | -36.6% |
| Land and buildings | 22 | €41,076 | €27,330 | -€13,746 | -33.5% |
| Plant, machinery and equipment | 23 | €46,023 | €20,268 | -€25,755 | -56.0% |
| Furniture and vehicles | 24 | €220,917 | €147,684 | -€73,233 | -33.1% |
| Financial fixed assets | 28 | €3,840 | €3,840 | = | 0.0% |
| Other financial fixed assets | 284/8 | €3,840 | €3,840 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €3,840 | €3,840 | = | 0.0% |
| Current assets | 29/58 | €1,217,972 | €1,470,146 | +€252,174 | +20.7% |
| Stocks and contracts in progress | 3 | €617,677 | €780,258 | +€162,580 | +26.3% |
| Stocks | 30/36 | €617,677 | €780,258 | +€162,580 | +26.3% |
| Raw materials and consumables | 30/31 | €617,677 | €780,258 | +€162,580 | +26.3% |
| Amounts receivable within one year | 40/41 | €550,699 | €468,186 | -€82,513 | -15.0% |
| Trade receivables | 40 | €459,929 | €384,594 | -€75,335 | -16.4% |
| Other amounts receivable | 41 | €90,770 | €83,592 | -€7,178 | -7.9% |
| Cash at bank and in hand | 54/58 | €45,828 | €217,475 | +€171,647 | +375% |
| Deferred charges and accrued income | 490/1 | €3,768 | €4,227 | +€459 | +12.2% |
| Total equity and liabilities | 10/49 | €1,529,827 | €1,669,267 | +€139,440 | +9.1% |
| Equity | 10/15 | €596,586 | €280,152 | -€316,434 | -53.0% |
| Contributions | 10/11 | €332,177 | €332,177 | = | 0.0% |
| Capital | 10 | €332,177 | €332,177 | = | 0.0% |
| Issued capital | 100 | €332,177 | €332,177 | = | 0.0% |
| Reserves | 13 | €264,409 | €33,218 | -€231,191 | -87.4% |
| Non-distributable reserves | 130/1 | €33,218 | €33,218 | = | 0.0% |
| Legal reserve | 130 | €33,218 | €33,218 | = | 0.0% |
| Distributable reserves | 133 | €231,191 | €0 | -€231,191 | -100% |
| Profit (loss) carried forward | 14 | - | -€85,243 | -€85,243 | |
| Provisions and deferred taxes | 16 | €10,058 | €0 | -€10,058 | -100% |
| Provisions for liabilities and charges | 160/5 | €10,058 | €0 | -€10,058 | -100% |
| Environmental obligations | 163 | €10,058 | €0 | -€10,058 | -100% |
| Amounts payable | 17/49 | €923,183 | €1,389,115 | +€465,932 | +50.5% |
| Amounts payable within one year | 42/48 | €921,169 | €1,386,332 | +€465,163 | +50.5% |
| Trade debts | 44 | €350,241 | €268,358 | -€81,883 | -23.4% |
| Suppliers | 440/4 | €350,241 | €268,358 | -€81,883 | -23.4% |
| Taxes, remuneration and social security | 45 | €54,890 | €53,770 | -€1,120 | -2.0% |
| Taxes | 450/3 | €1,611 | €1,784 | +€173 | +10.7% |
| Remuneration and social security | 454/9 | €53,279 | €51,986 | -€1,293 | -2.4% |
| Other amounts payable | 47/48 | €516,038 | €1,064,204 | +€548,166 | +106% |
| Accrued charges and deferred income | 492/3 | €2,014 | €2,783 | +€769 | +38.2% |
| Operating income | 70/76A | €6,948,731 | €5,079,131 | -€1.9m | -26.9% |
| Turnover | 70 | €6,916,676 | €4,993,437 | -€1.9m | -27.8% |
| Other operating income | 74 | €30,555 | €54,733 | +€24,178 | +79.1% |
| Non-recurring operating income | 76A | €1,500 | €30,961 | +€29,461 | +1,964% |
| Operating charges | 60/66A | €7,257,101 | €5,369,632 | -€1.9m | -26.0% |
| Goods for resale, raw materials and consumables | 60 | €5,896,171 | €4,146,026 | -€1.8m | -29.7% |
| Purchases | 600/8 | €5,796,171 | €4,308,607 | -€1.5m | -25.7% |
| Change in stocks: decrease (increase) | 609 | €100,000 | -€162,580 | -€262,581 | |
| Services and other goods | 61 | €778,283 | €746,819 | -€31,464 | -4.0% |
| Remuneration, social security and pensions | 62 | €361,421 | €337,716 | -€23,705 | -6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €128,505 | €122,310 | -€6,195 | -4.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €10,058 | -€10,058 | -€20,116 | |
| Other operating charges | 640/8 | €12,742 | €11,789 | -€953 | -7.5% |
| Non-recurring operating charges | 66A | €69,921 | €15,029 | -€54,892 | -78.5% |
| Operating profit (loss) | 9901 | -€308,370 | -€290,501 | +€17,869 | +5.8% |
| Financial income | 75/76B | €20 | €3,627 | +€3,607 | +18,244% |
| Recurring financial income | 75 | €20 | €3,627 | +€3,607 | +18,244% |
| Other financial income | 752/9 | €20 | €3,627 | +€3,607 | +18,244% |
| Financial charges | 65/66B | €36,655 | €29,559 | -€7,096 | -19.4% |
| Recurring financial charges | 65 | €36,655 | €29,559 | -€7,096 | -19.4% |
| Debt charges | 650 | €34,233 | €25,959 | -€8,274 | -24.2% |
| Other financial charges | 652/9 | €2,422 | €3,600 | +€1,178 | +48.6% |
| Profit (loss) for the period before taxes | 9903 | -€345,006 | -€316,434 | +€28,572 | +8.3% |
| Income taxes | 67/77 | €0 | - | = | |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€345,006 | -€316,434 | +€28,572 | +8.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€345,006 | -€316,434 | +€28,572 | +8.3% |
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 14 October 2026 via checked.be.