GALLYS: 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.
GALLYS
Largest movements
- Receivables within one year -€46,870
down €46,870 (-16.6%), from €283,177 to €236,308
of which Trade receivables: -€37,733
- Stocks and contracts +€19,217
up €19,217 (+18.1%), from €106,264 to €125,481
of which Stocks: +€125,481
- Debts after one year -€23,281
down €23,281 (-10.0%), from €233,526 to €210,245
- Tax, wage and social debts -€21,518
down €21,518 (-53.2%), from €40,486 to €18,967
of which Taxes: -€19,453
- Profit (loss) carried forward +€17,930
up €17,930 (+21.6%), from €83,020 to €100,950
- Current portion of long-term debt -€8,986
down €8,986 (-38.6%), from €23,281 to €14,294
- Gross operating margin -€55,051
down €55,051 (-47.0%), from €117,213 to €62,162
- Staff costs -€40,354
no longer reported in 2025 (was €40,354)
- Write-downs -€20,404
down €20,404 (-99.5%), from €20,497 to €93
- Other operating charges +€18,245
up €18,245 (+351.6%), from €5,190 to €23,435
- Financial charges -€8,565
down €8,565 (-96.0%), from €8,921 to €357
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 | €863,930 | €819,247 | -€44,683 | -5.2% |
| Fixed assets | 21/28 | €294,861 | €286,376 | -€8,485 | -2.9% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €283,961 | €275,476 | -€8,485 | -3.0% |
| Land and buildings | 22 | €278,338 | €269,724 | -€8,614 | -3.1% |
| Furniture and vehicles | 24 | €5,623 | €5,752 | +€129 | +2.3% |
| Financial fixed assets | 28 | €10,900 | €10,900 | = | 0.0% |
| Current assets | 29/58 | €569,069 | €532,871 | -€36,198 | -6.4% |
| Amounts receivable after more than one year | 29 | €70,000 | €70,000 | = | 0.0% |
| Other amounts receivable | 291 | €70,000 | €70,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €106,264 | €125,481 | +€19,217 | +18.1% |
| Stocks | 30/36 | - | €125,481 | +€125,481 | |
| Contracts in progress | 37 | €106,264 | - | -€106,264 | |
| Amounts receivable within one year | 40/41 | €283,177 | €236,308 | -€46,870 | -16.6% |
| Trade receivables | 40 | €182,329 | €144,596 | -€37,733 | -20.7% |
| Other amounts receivable | 41 | €100,848 | €91,712 | -€9,136 | -9.1% |
| Cash at bank and in hand | 54/58 | €60,380 | €51,835 | -€8,546 | -14.2% |
| Deferred charges and accrued income | 490/1 | €49,248 | €49,248 | = | 0.0% |
| Total equity and liabilities | 10/49 | €863,930 | €819,247 | -€44,683 | -5.2% |
| Equity | 10/15 | €394,415 | €412,345 | +€17,930 | +4.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €305,195 | €305,195 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €303,335 | €303,335 | = | 0.0% |
| Profit (loss) carried forward | 14 | €83,020 | €100,950 | +€17,930 | +21.6% |
| Provisions and deferred taxes | 16 | €66,564 | €66,564 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €66,564 | €66,564 | = | 0.0% |
| Other liabilities and charges | 164/5 | €66,564 | €66,564 | = | 0.0% |
| Amounts payable | 17/49 | €402,951 | €340,338 | -€62,613 | -15.5% |
| Amounts payable after more than one year | 17 | €233,526 | €210,245 | -€23,281 | -10.0% |
| Financial debts | 170/4 | €233,526 | €210,245 | -€23,281 | -10.0% |
| Amounts payable within one year | 42/48 | €169,425 | €130,093 | -€39,332 | -23.2% |
| Current portion of amounts payable after more than one year | 42 | €23,281 | €14,294 | -€8,986 | -38.6% |
| Trade debts | 44 | €23,005 | €19,317 | -€3,688 | -16.0% |
| Suppliers | 440/4 | €23,005 | €19,317 | -€3,688 | -16.0% |
| Taxes, remuneration and social security | 45 | €40,486 | €18,967 | -€21,518 | -53.2% |
| Taxes | 450/3 | €36,474 | €17,021 | -€19,453 | -53.3% |
| Remuneration and social security | 454/9 | €4,012 | €1,947 | -€2,065 | -51.5% |
| Other amounts payable | 47/48 | €82,654 | €77,515 | -€5,139 | -6.2% |
| Remuneration, social security and pensions | 62 | €40,354 | - | -€40,354 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,044 | €11,813 | -€2,231 | -15.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €20,497 | €93 | -€20,404 | -99.5% |
| Other operating charges | 640/8 | €5,190 | €23,435 | +€18,245 | +351.6% |
| Gross operating margin | 9900 | €117,213 | €62,162 | -€55,051 | -47.0% |
| Operating profit (loss) | 9901 | €37,128 | €26,822 | -€10,306 | -27.8% |
| Financial charges | 65/66B | €8,921 | €357 | -€8,565 | -96.0% |
| Recurring financial charges | 65 | €8,921 | €357 | -€8,565 | -96.0% |
| Profit (loss) for the period before taxes | 9903 | €28,207 | €26,465 | -€1,742 | -6.2% |
| Income taxes | 67/77 | €12,552 | €8,535 | -€4,017 | -32.0% |
| Profit (loss) for the period | 9904 | €15,655 | €17,930 | +€2,275 | +14.5% |
| Profit (loss) for the period to be appropriated | 9905 | €15,655 | €17,930 | +€2,275 | +14.5% |
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 1 October 2026 via checked.be.