GALMESIN: 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.
GALMESIN
Largest movements
- Financial fixed assets -€2,700
no longer reported in 2024 (was €2,700)
- Intangible fixed assets -€2,167
no longer reported in 2024 (was €2,167)
- Receivables within one year -€1,893
down €1,893 (-36.6%), from €5,174 to €3,282
of which Other amounts receivable: -€1,590
- Cash +€1,527
up €1,527 (+128.4%), from €1,189 to €2,715
mainly Investment in fixed assets (net) (+€4,867) and Receivables within one year (+€1,893)
- Other debts -€5,650
down €5,650 (-99.0%), from €5,706 to €56
- Tax, wage and social debts +€1,532
up €1,532 (+106.8%), from €1,434 to €2,966
- Profit (loss) carried forward -€1,114
down €1,114 (-7.7%), from -€14,510 to -€15,624
- Gross operating margin -€3,806
down €3,806 (-72.4%), from €5,253 to €1,448
- Depreciation -€1,000
no longer reported in 2024 (was €1,000)
- Other operating charges -€76
down €76 (-17.7%), from €433 to €356
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,230 | €5,997 | -€5,233 | -46.6% |
| Fixed assets | 21/28 | €4,867 | - | -€4,867 | |
| Intangible fixed assets | 21 | €2,167 | - | -€2,167 | |
| Financial fixed assets | 28 | €2,700 | - | -€2,700 | |
| Current assets | 29/58 | €6,363 | €5,997 | -€366 | -5.8% |
| Amounts receivable within one year | 40/41 | €5,174 | €3,282 | -€1,893 | -36.6% |
| Trade receivables | 40 | €3,584 | €3,282 | -€303 | -8.4% |
| Other amounts receivable | 41 | €1,590 | - | -€1,590 | |
| Cash at bank and in hand | 54/58 | €1,189 | €2,715 | +€1,527 | +128.4% |
| Total equity and liabilities | 10/49 | €11,230 | €5,997 | -€5,233 | -46.6% |
| Equity | 10/15 | €4,090 | €2,976 | -€1,114 | -27.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,510 | -€15,624 | -€1,114 | -7.7% |
| Amounts payable | 17/49 | €7,140 | €3,022 | -€4,118 | -57.7% |
| Amounts payable within one year | 42/48 | €7,140 | €3,022 | -€4,118 | -57.7% |
| Taxes, remuneration and social security | 45 | €1,434 | €2,966 | +€1,532 | +106.8% |
| Taxes | 450/3 | €1,434 | €2,966 | +€1,532 | +106.8% |
| Other amounts payable | 47/48 | €5,706 | €56 | -€5,650 | -99.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,000 | - | -€1,000 | |
| Other operating charges | 640/8 | €433 | €356 | -€76 | -17.7% |
| Non-recurring operating charges | 66A | - | €2,167 | +€2,167 | |
| Gross operating margin | 9900 | €5,253 | €1,448 | -€3,806 | -72.4% |
| Operating profit (loss) | 9901 | €3,821 | -€1,075 | -€4,896 | |
| Financial charges | 65/66B | €39 | €39 | = | 0.0% |
| Recurring financial charges | 65 | €39 | €39 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €3,782 | -€1,114 | -€4,896 | |
| Profit (loss) for the period | 9904 | €3,782 | -€1,114 | -€4,896 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,782 | -€1,114 | -€4,896 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2023 and 30 June 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.