GALOCI: 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.
GALOCI
Largest movements
- Cash -€29,370
down €29,370 (-20.2%), from €145,442 to €116,071
mainly Contributions, distributions and other (-€98,918) and Receivables within one year (-€6,308)
- Receivables within one year +€6,308
up €6,308 (+38.5%), from €16,401 to €22,708
of which Trade receivables: +€4,021
- Reserves -€29,932
down €29,932 (-100.0%), from €29,932 to €0
- Other debts +€4,088
up €4,088 (+3.9%), from €105,038 to €109,126
- Tax, wage and social debts +€2,785
up €2,785 (+35.1%), from €7,936 to €10,721
of which Remuneration and social security: +€2,510
No income-statement line moved by more than 1% of the activity.
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 | €162,114 | €139,377 | -€22,737 | -14.0% |
| Current assets | 29/58 | €162,114 | €139,377 | -€22,737 | -14.0% |
| Amounts receivable within one year | 40/41 | €16,401 | €22,708 | +€6,308 | +38.5% |
| Trade receivables | 40 | €12,705 | €16,726 | +€4,021 | +31.6% |
| Other amounts receivable | 41 | €3,696 | €5,982 | +€2,287 | +61.9% |
| Cash at bank and in hand | 54/58 | €145,442 | €116,071 | -€29,370 | -20.2% |
| Deferred charges and accrued income | 490/1 | €272 | €598 | +€326 | +120.1% |
| Total equity and liabilities | 10/49 | €162,114 | €139,377 | -€22,737 | -14.0% |
| Equity | 10/15 | €48,532 | €18,600 | -€29,932 | -61.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €29,932 | €0 | -€29,932 | -100.0% |
| Distributable reserves | 133 | €29,932 | €0 | -€29,932 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €113,582 | €120,777 | +€7,196 | +6.3% |
| Amounts payable within one year | 42/48 | €113,559 | €120,777 | +€7,219 | +6.4% |
| Trade debts | 44 | €585 | €931 | +€346 | +59.1% |
| Suppliers | 440/4 | €585 | €931 | +€346 | +59.1% |
| Taxes, remuneration and social security | 45 | €7,936 | €10,721 | +€2,785 | +35.1% |
| Taxes | 450/3 | €7,936 | €8,211 | +€275 | +3.5% |
| Remuneration and social security | 454/9 | €0 | €2,510 | +€2,510 | |
| Other amounts payable | 47/48 | €105,038 | €109,126 | +€4,088 | +3.9% |
| Accrued charges and deferred income | 492/3 | €23 | €0 | -€23 | -100.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €87,860 | €87,032 | -€828 | -0.9% |
| Operating profit (loss) | 9901 | €87,473 | €86,632 | -€841 | -1.0% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €163 | €222 | +€59 | +36.2% |
| Recurring financial charges | 65 | €163 | €222 | +€59 | +36.2% |
| Profit (loss) for the period before taxes | 9903 | €87,309 | €86,410 | -€900 | -1.0% |
| Income taxes | 67/77 | €17,562 | €17,424 | -€138 | -0.8% |
| Profit (loss) for the period | 9904 | €69,748 | €68,986 | -€762 | -1.1% |
| Profit (loss) for the period to be appropriated | 9905 | €69,748 | €68,986 | -€762 | -1.1% |
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 3 October 2026 via checked.be.