GALOTIN: 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.
GALOTIN
Largest movements
- Tangible fixed assets -€12,012
down €12,012 (-6.8%), from €175,697 to €163,685
of which Land and buildings: -€7,668
- Cash -€3,620
down €3,620 (-54.1%), from €6,691 to €3,071
mainly Contributions, distributions and other (-€21,700) and Debts after one year (-€18,128)
- Tax, wage and social debts +€18,866
up €18,866 (+85.5%), from €22,070 to €40,935
of which Taxes: +€11,337
- Debts after one year -€18,128
down €18,128 (-11.5%), from €157,314 to €139,186
- Other debts -€17,380
down €17,380 (-28.7%), from €60,644 to €43,265
- Current portion of long-term debt -€4,654
down €4,654 (-20.4%), from €22,781 to €18,128
- Trade debts +€3,529
up €3,529 (+54.4%), from €6,492 to €10,021
- Gross operating margin -€31,193
down €31,193 (-36.3%), from €85,950 to €54,757
- Taxes -€8,320
down €8,320 (-55.8%), from €14,909 to €6,590
- Staff costs -€2,652
down €2,652 (-93.0%), from €2,852 to €200
- Depreciation -€1,655
down €1,655 (-12.1%), from €13,667 to €12,012
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 | €297,909 | €280,206 | -€17,703 | -5.9% |
| Fixed assets | 21/28 | €175,697 | €163,685 | -€12,012 | -6.8% |
| Tangible fixed assets | 22/27 | €175,697 | €163,685 | -€12,012 | -6.8% |
| Land and buildings | 22 | €160,603 | €152,935 | -€7,668 | -4.8% |
| Plant, machinery and equipment | 23 | €3,038 | €750 | -€2,289 | -75.3% |
| Furniture and vehicles | 24 | €12,056 | €10,000 | -€2,056 | -17.1% |
| Current assets | 29/58 | €122,212 | €116,521 | -€5,691 | -4.7% |
| Stocks and contracts in progress | 3 | €4,977 | €5,408 | +€431 | +8.7% |
| Stocks | 30/36 | €4,977 | €5,408 | +€431 | +8.7% |
| Amounts receivable within one year | 40/41 | €110,544 | €108,042 | -€2,502 | -2.3% |
| Trade receivables | 40 | €934 | €845 | -€89 | -9.5% |
| Other amounts receivable | 41 | €109,610 | €107,197 | -€2,413 | -2.2% |
| Cash at bank and in hand | 54/58 | €6,691 | €3,071 | -€3,620 | -54.1% |
| Total equity and liabilities | 10/49 | €297,909 | €280,206 | -€17,703 | -5.9% |
| Equity | 10/15 | €27,402 | €27,466 | +€64 | +0.2% |
| Contributions | 10/11 | €26,000 | €26,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,402 | €1,466 | +€64 | +4.5% |
| Amounts payable | 17/49 | €270,506 | €252,740 | -€17,767 | -6.6% |
| Amounts payable after more than one year | 17 | €157,314 | €139,186 | -€18,128 | -11.5% |
| Financial debts | 170/4 | €157,314 | €139,186 | -€18,128 | -11.5% |
| Amounts payable within one year | 42/48 | €111,988 | €112,349 | +€361 | +0.3% |
| Current portion of amounts payable after more than one year | 42 | €22,781 | €18,128 | -€4,654 | -20.4% |
| Trade debts | 44 | €6,492 | €10,021 | +€3,529 | +54.4% |
| Suppliers | 440/4 | €6,492 | €10,021 | +€3,529 | +54.4% |
| Taxes, remuneration and social security | 45 | €22,070 | €40,935 | +€18,866 | +85.5% |
| Taxes | 450/3 | €22,070 | €33,406 | +€11,337 | +51.4% |
| Remuneration and social security | 454/9 | - | €7,529 | +€7,529 | |
| Other amounts payable | 47/48 | €60,644 | €43,265 | -€17,380 | -28.7% |
| Accrued charges and deferred income | 492/3 | €1,205 | €1,205 | = | 0.0% |
| Non-recurring operating income | 76A | €1,731 | - | -€1,731 | |
| Remuneration, social security and pensions | 62 | €2,852 | €200 | -€2,652 | -93.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,667 | €12,012 | -€1,655 | -12.1% |
| Other operating charges | 640/8 | €2,875 | €3,215 | +€340 | +11.8% |
| Gross operating margin | 9900 | €85,950 | €54,757 | -€31,193 | -36.3% |
| Operating profit (loss) | 9901 | €66,555 | €39,329 | -€27,226 | -40.9% |
| Financial income | 75/76B | €35 | €18 | -€17 | -48.6% |
| Recurring financial income | 75 | €35 | €18 | -€17 | -48.6% |
| Financial charges | 65/66B | €10,805 | €10,993 | +€188 | +1.7% |
| Recurring financial charges | 65 | €10,805 | €10,993 | +€188 | +1.7% |
| Profit (loss) for the period before taxes | 9903 | €55,785 | €28,353 | -€27,432 | -49.2% |
| Income taxes | 67/77 | €14,909 | €6,590 | -€8,320 | -55.8% |
| Profit (loss) for the period | 9904 | €40,876 | €21,764 | -€19,112 | -46.8% |
| Profit (loss) for the period to be appropriated | 9905 | €40,876 | €21,764 | -€19,112 | -46.8% |
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 6 October 2026 via checked.be.