GALOP: 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.
GALOP
Largest movements
- Cash -€2,012
no longer reported in 2025 (was €2,012)
mainly Net result for the year (-€2,920)
- Profit (loss) carried forward -€2,920
down €2,920 (-4.8%), from -€60,601 to -€63,521
- Other debts +€908
up €908 (+77.3%), from €1,175 to €2,083
- Gross operating margin -€1,656
down €1,656, from €393 to -€1,263
- Other operating charges +€89
up €89 (+5.7%), from €1,568 to €1,658
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 | €23,083 | €21,071 | -€2,012 | -8.7% |
| Fixed assets | 21/28 | €21,071 | €21,071 | = | 0.0% |
| Tangible fixed assets | 22/27 | €21,071 | €21,071 | = | 0.0% |
| Land and buildings | 22 | €21,071 | €21,071 | = | 0.0% |
| Current assets | 29/58 | €2,012 | - | -€2,012 | |
| Cash at bank and in hand | 54/58 | €2,012 | - | -€2,012 | |
| Total equity and liabilities | 10/49 | €23,083 | €21,071 | -€2,012 | -8.7% |
| Equity | 10/15 | €21,908 | €18,988 | -€2,920 | -13.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €20,510 | €20,510 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,775 | €11,775 | = | 0.0% |
| Legal reserve | 130 | €11,775 | €11,775 | = | 0.0% |
| Distributable reserves | 133 | €8,735 | €8,735 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€60,601 | -€63,521 | -€2,920 | -4.8% |
| Amounts payable | 17/49 | €1,175 | €2,083 | +€908 | +77.3% |
| Amounts payable within one year | 42/48 | €1,175 | €2,083 | +€908 | +77.3% |
| Other amounts payable | 47/48 | €1,175 | €2,083 | +€908 | +77.3% |
| Other operating charges | 640/8 | €1,568 | €1,658 | +€89 | +5.7% |
| Gross operating margin | 9900 | €393 | -€1,263 | -€1,656 | |
| Operating profit (loss) | 9901 | -€1,175 | -€2,920 | -€1,745 | -148.6% |
| Profit (loss) for the period before taxes | 9903 | -€1,175 | -€2,920 | -€1,745 | -148.6% |
| Profit (loss) for the period | 9904 | -€1,175 | -€2,920 | -€1,745 | -148.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,175 | -€2,920 | -€1,745 | -148.6% |
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 7 October 2026 via checked.be.