GALMICHE THOMAS: 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.
GALMICHE THOMAS
Largest movements
- Cash +€18,881
up €18,881 (+58.6%), from €32,242 to €51,123
mainly Net result for the year (+€19,525) and Depreciation (+€8,495)
- Tangible fixed assets -€3,849
down €3,849 (-17.2%), from €22,374 to €18,525
of which Furniture and vehicles: -€2,608
- Intangible fixed assets -€2,440
down €2,440 (-53.6%), from €4,556 to €2,115
- Reserves +€19,525
up €19,525 (+35.9%), from €54,311 to €73,836
- Current portion of long-term debt -€4,665
no longer reported in 2025 (was €4,665)
- Accrued charges and deferred income -€2,015
down €2,015 (-52.6%), from €3,830 to €1,814
- Gross operating margin -€2,987
down €2,987 (-7.3%), from €40,833 to €37,845
- Depreciation +€606
up €606 (+7.7%), from €7,889 to €8,495
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 | €72,258 | €85,332 | +€13,073 | +18.1% |
| Fixed assets | 21/28 | €26,930 | €20,640 | -€6,290 | -23.4% |
| Intangible fixed assets | 21 | €4,556 | €2,115 | -€2,440 | -53.6% |
| Tangible fixed assets | 22/27 | €22,374 | €18,525 | -€3,849 | -17.2% |
| Plant, machinery and equipment | 23 | €1,464 | €1,087 | -€378 | -25.8% |
| Furniture and vehicles | 24 | €14,445 | €11,837 | -€2,608 | -18.1% |
| Other tangible fixed assets | 26 | €6,465 | €5,601 | -€864 | -13.4% |
| Current assets | 29/58 | €45,329 | €64,692 | +€19,363 | +42.7% |
| Amounts receivable within one year | 40/41 | €10,171 | €10,888 | +€717 | +7.0% |
| Trade receivables | 40 | €8,834 | €9,832 | +€998 | +11.3% |
| Other amounts receivable | 41 | €1,336 | €1,055 | -€281 | -21.0% |
| Cash at bank and in hand | 54/58 | €32,242 | €51,123 | +€18,881 | +58.6% |
| Deferred charges and accrued income | 490/1 | €2,916 | €2,681 | -€235 | -8.1% |
| Total equity and liabilities | 10/49 | €72,258 | €85,332 | +€13,073 | +18.1% |
| Equity | 10/15 | €58,311 | €77,836 | +€19,525 | +33.5% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €54,311 | €73,836 | +€19,525 | +35.9% |
| Distributable reserves | 133 | €54,311 | €73,836 | +€19,525 | +35.9% |
| Amounts payable | 17/49 | €13,947 | €7,496 | -€6,451 | -46.3% |
| Amounts payable within one year | 42/48 | €10,117 | €5,681 | -€4,436 | -43.8% |
| Current portion of amounts payable after more than one year | 42 | €4,665 | - | -€4,665 | |
| Trade debts | 44 | €569 | €1,314 | +€745 | +131% |
| Suppliers | 440/4 | €569 | €1,314 | +€745 | +131% |
| Other amounts payable | 47/48 | €4,883 | €4,368 | -€516 | -10.6% |
| Accrued charges and deferred income | 492/3 | €3,830 | €1,814 | -€2,015 | -52.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,889 | €8,495 | +€606 | +7.7% |
| Other operating charges | 640/8 | €787 | €761 | -€25 | -3.2% |
| Gross operating margin | 9900 | €40,833 | €37,845 | -€2,987 | -7.3% |
| Operating profit (loss) | 9901 | €32,157 | €28,589 | -€3,568 | -11.1% |
| Financial income | 75/76B | €4 | €21 | +€17 | +402% |
| Recurring financial income | 75 | €4 | €21 | +€17 | +402% |
| Financial charges | 65/66B | €272 | €140 | -€132 | -48.5% |
| Recurring financial charges | 65 | €272 | €140 | -€132 | -48.5% |
| Profit (loss) for the period before taxes | 9903 | €31,889 | €28,470 | -€3,420 | -10.7% |
| Income taxes | 67/77 | €9,164 | €8,945 | -€219 | -2.4% |
| Profit (loss) for the period | 9904 | €22,726 | €19,525 | -€3,201 | -14.1% |
| Profit (loss) for the period to be appropriated | 9905 | €22,726 | €19,525 | -€3,201 | -14.1% |
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.