Galp: 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.
Galp
Largest movements
- Cash -€17,095
down €17,095 (-8.1%), from €212,233 to €195,139
mainly Contributions, distributions and other (-€310,396) and Investment in fixed assets (net) (-€14,260)
- Current investments -€14,486
down €14,486 (-48.3%), from €30,000 to €15,514
- Tangible fixed assets +€7,888
up €7,888 (+58.4%), from €13,517 to €21,405
of which Furniture and vehicles: +€9,773
- Reserves -€177,633
down €177,633 (-85.6%), from €207,633 to €30,000
- Other debts +€133,213
up €133,213 (+386%), from €34,476 to €167,689
- Tax, wage and social debts +€20,355
up €20,355 (+203%), from €10,039 to €30,394
of which Taxes: +€20,334
- Gross operating margin +€11,549
up €11,549 (+6.4%), from €181,818 to €193,367
- Taxes +€5,522
up €5,522 (+14.5%), from €38,104 to €43,626
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €258,091 | €234,876 | -€23,215 | -9.0% |
| Fixed assets | 21/28 | €13,517 | €21,405 | +€7,888 | +58.4% |
| Tangible fixed assets | 22/27 | €13,517 | €21,405 | +€7,888 | +58.4% |
| Land and buildings | 22 | €5,088 | €5,172 | +€84 | +1.6% |
| Plant, machinery and equipment | 23 | €6,742 | €4,773 | -€1,969 | -29.2% |
| Furniture and vehicles | 24 | €1,688 | €11,461 | +€9,773 | +579% |
| Current assets | 29/58 | €244,573 | €213,471 | -€31,102 | -12.7% |
| Current investments | 50/53 | €30,000 | €15,514 | -€14,486 | -48.3% |
| Cash at bank and in hand | 54/58 | €212,233 | €195,139 | -€17,095 | -8.1% |
| Deferred charges and accrued income | 490/1 | €2,340 | €2,818 | +€478 | +20.4% |
| Total equity and liabilities | 10/49 | €258,091 | €234,876 | -€23,215 | -9.0% |
| Equity | 10/15 | €212,433 | €34,800 | -€177,633 | -83.6% |
| Contributions | 10/11 | €4,800 | €4,800 | = | 0.0% |
| Reserves | 13 | €207,633 | €30,000 | -€177,633 | -85.6% |
| Distributable reserves | 133 | €207,633 | €30,000 | -€177,633 | -85.6% |
| Amounts payable | 17/49 | €45,657 | €200,076 | +€154,419 | +338% |
| Amounts payable within one year | 42/48 | €45,657 | €200,076 | +€154,419 | +338% |
| Trade debts | 44 | €1,143 | €1,993 | +€851 | +74.4% |
| Suppliers | 440/4 | €1,143 | €1,993 | +€851 | +74.4% |
| Taxes, remuneration and social security | 45 | €10,039 | €30,394 | +€20,355 | +203% |
| Taxes | 450/3 | €7,979 | €28,313 | +€20,334 | +255% |
| Remuneration and social security | 454/9 | €2,060 | €2,082 | +€22 | +1.0% |
| Other amounts payable | 47/48 | €34,476 | €167,689 | +€133,213 | +386% |
| Non-recurring operating income | 76A | €10,843 | - | -€10,843 | |
| Remuneration, social security and pensions | 62 | €1,760 | - | -€1,760 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,588 | €6,372 | +€1,783 | +38.9% |
| Other operating charges | 640/8 | €6,945 | €7,961 | +€1,016 | +14.6% |
| Gross operating margin | 9900 | €181,818 | €193,367 | +€11,549 | +6.4% |
| Operating profit (loss) | 9901 | €168,524 | €179,035 | +€10,510 | +6.2% |
| Financial income | 75/76B | €2 | €1,479 | +€1,477 | +81,615% |
| Recurring financial income | 75 | €2 | €1,479 | +€1,477 | +81,615% |
| Financial charges | 65/66B | €4,046 | €4,124 | +€78 | +1.9% |
| Recurring financial charges | 65 | €4,046 | €4,124 | +€78 | +1.9% |
| Profit (loss) for the period before taxes | 9903 | €164,480 | €176,389 | +€11,909 | +7.2% |
| Income taxes | 67/77 | €38,104 | €43,626 | +€5,522 | +14.5% |
| Profit (loss) for the period | 9904 | €126,376 | €132,763 | +€6,388 | +5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €126,376 | €132,763 | +€6,388 | +5.1% |
Source: filed annual accounts (NBB), financial years ended 30 April 2025 and 30 April 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.