GALOCHE: 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.
GALOCHE
Largest movements
- Stocks and contracts -€16,369
down €16,369 (-10.9%), from €150,539 to €134,170
- Cash +€11,284
up €11,284 (+20.7%), from €54,502 to €65,786
mainly Trade debts (+€18,180) and Stocks and contracts (+€16,369)
- Receivables within one year +€2,895
new in 2025: €2,895
- Trade debts +€18,180
up €18,180 (+42.8%), from €42,505 to €60,685
- Profit (loss) carried forward -€14,313
new in 2025: -€14,313
- Tax, wage and social debts -€10,798
down €10,798 (-73.3%), from €14,728 to €3,931
of which Taxes: -€10,749
- Other debts +€3,015
up €3,015 (+7.8%), from €38,684 to €41,699
- Gross operating margin -€20,187
down €20,187 (-44.4%), from €45,446 to €25,259
- Financial charges -€6,870
down €6,870 (-86.5%), from €7,940 to €1,070
- Write-downs +€5,738
up €5,738 (+203.0%), from €2,826 to €8,565
- Financial income -€4,268
down €4,268 (-57.2%), from €7,467 to €3,198
- Taxes -€4,043
down €4,043 (-100.0%), from €4,043 to €0
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 | €222,102 | €218,226 | -€3,877 | -1.7% |
| Fixed assets | 21/28 | €17,061 | €15,351 | -€1,710 | -10.0% |
| Tangible fixed assets | 22/27 | €17,061 | €15,351 | -€1,710 | -10.0% |
| Land and buildings | 22 | €15,644 | €14,817 | -€827 | -5.3% |
| Furniture and vehicles | 24 | €1,418 | €535 | -€883 | -62.3% |
| Current assets | 29/58 | €205,041 | €202,874 | -€2,167 | -1.1% |
| Stocks and contracts in progress | 3 | €150,539 | €134,170 | -€16,369 | -10.9% |
| Stocks | 30/36 | €150,539 | €134,170 | -€16,369 | -10.9% |
| Amounts receivable within one year | 40/41 | - | €2,895 | +€2,895 | |
| Other amounts receivable | 41 | - | €2,895 | +€2,895 | |
| Cash at bank and in hand | 54/58 | €54,502 | €65,786 | +€11,284 | +20.7% |
| Deferred charges and accrued income | 490/1 | - | €24 | +€24 | |
| Total equity and liabilities | 10/49 | €222,102 | €218,226 | -€3,877 | -1.7% |
| Equity | 10/15 | €126,185 | €111,872 | -€14,313 | -11.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €107,585 | €107,585 | = | 0.0% |
| Distributable reserves | 133 | €107,585 | €107,585 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€14,313 | -€14,313 | |
| Amounts payable | 17/49 | €95,917 | €106,354 | +€10,437 | +10.9% |
| Amounts payable within one year | 42/48 | €95,917 | €106,354 | +€10,437 | +10.9% |
| Financial debts | 43 | - | €40 | +€40 | |
| Credit institutions | 430/8 | - | €40 | +€40 | |
| Trade debts | 44 | €42,505 | €60,685 | +€18,180 | +42.8% |
| Suppliers | 440/4 | €42,505 | €60,685 | +€18,180 | +42.8% |
| Taxes, remuneration and social security | 45 | €14,728 | €3,931 | -€10,798 | -73.3% |
| Taxes | 450/3 | €10,749 | €0 | -€10,749 | -100.0% |
| Remuneration and social security | 454/9 | €3,979 | €3,931 | -€49 | -1.2% |
| Other amounts payable | 47/48 | €38,684 | €41,699 | +€3,015 | +7.8% |
| Remuneration, social security and pensions | 62 | €31,445 | €30,803 | -€642 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,771 | €1,710 | -€61 | -3.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,826 | €8,565 | +€5,738 | +203.0% |
| Other operating charges | 640/8 | €268 | €623 | +€356 | +132.9% |
| Gross operating margin | 9900 | €45,446 | €25,259 | -€20,187 | -44.4% |
| Operating profit (loss) | 9901 | €9,137 | -€16,442 | -€25,578 | |
| Financial income | 75/76B | €7,467 | €3,198 | -€4,268 | -57.2% |
| Recurring financial income | 75 | €7,467 | €3,198 | -€4,268 | -57.2% |
| Financial charges | 65/66B | €7,940 | €1,070 | -€6,870 | -86.5% |
| Recurring financial charges | 65 | €7,940 | €1,070 | -€6,870 | -86.5% |
| Profit (loss) for the period before taxes | 9903 | €8,663 | -€14,313 | -€22,976 | |
| Income taxes | 67/77 | €4,043 | €0 | -€4,043 | -100.0% |
| Profit (loss) for the period | 9904 | €4,620 | -€14,313 | -€18,933 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,620 | -€14,313 | -€18,933 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.