GALP & Co: 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 & Co
Largest movements
- Deferred charges and accrued income +€127,988
up €127,988 (+4808.5%), from €2,662 to €130,650
- Receivables within one year +€59,085
up €59,085 (+49.9%), from €118,303 to €177,388
of which Trade receivables: +€48,770
- Cash -€18,542
down €18,542 (-50.2%), from €36,956 to €18,414
mainly Deferred charges and accrued income (-€127,988) and Receivables within one year (-€59,085)
- Intangible fixed assets +€17,370
up €17,370 (+128.8%), from €13,483 to €30,853
- Tangible fixed assets -€16,875
down €16,875 (-48.3%), from €34,970 to €18,095
of which Furniture and vehicles: -€16,811
- Trade debts +€165,238
up €165,238 (+1486.0%), from €11,120 to €176,358
- Profit (loss) carried forward +€40,391
up €40,391 (+28.2%), from €142,994 to €183,385
- Tax, wage and social debts -€21,105
down €21,105 (-85.4%), from €24,713 to €3,609
of which Taxes: -€24,713
- Other debts -€9,089
down €9,089 (-87.6%), from €10,378 to €1,289
- Staff costs +€43,346
up €43,346 (+372.1%), from €11,649 to €54,995
- Gross operating margin +€32,796
up €32,796 (+27.8%), from €118,028 to €150,824
- Depreciation +€6,607
up €6,607 (+50.9%), from €12,989 to €19,596
- Financial charges +€4,526
up €4,526 (+141.7%), from €3,195 to €7,720
- Taxes -€3,970
down €3,970 (-22.1%), from €17,969 to €13,999
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €206,737 | €381,613 | +€174,876 | +84.6% |
| Fixed assets | 21/28 | €48,816 | €55,161 | +€6,346 | +13.0% |
| Intangible fixed assets | 21 | €13,483 | €30,853 | +€17,370 | +128.8% |
| Tangible fixed assets | 22/27 | €34,970 | €18,095 | -€16,875 | -48.3% |
| Plant, machinery and equipment | 23 | €5,188 | €5,125 | -€64 | -1.2% |
| Furniture and vehicles | 24 | €29,781 | €12,970 | -€16,811 | -56.4% |
| Financial fixed assets | 28 | €363 | €6,213 | +€5,850 | +1611.6% |
| Current assets | 29/58 | €157,922 | €326,452 | +€168,530 | +106.7% |
| Amounts receivable within one year | 40/41 | €118,303 | €177,388 | +€59,085 | +49.9% |
| Trade receivables | 40 | €101,244 | €150,014 | +€48,770 | +48.2% |
| Other amounts receivable | 41 | €17,059 | €27,374 | +€10,315 | +60.5% |
| Cash at bank and in hand | 54/58 | €36,956 | €18,414 | -€18,542 | -50.2% |
| Deferred charges and accrued income | 490/1 | €2,662 | €130,650 | +€127,988 | +4808.5% |
| Total equity and liabilities | 10/49 | €206,737 | €381,613 | +€174,876 | +84.6% |
| Equity | 10/15 | €152,994 | €193,385 | +€40,391 | +26.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €142,994 | €183,385 | +€40,391 | +28.2% |
| Amounts payable | 17/49 | €53,744 | €188,228 | +€134,485 | +250.2% |
| Amounts payable within one year | 42/48 | €53,012 | €188,228 | +€135,216 | +255.1% |
| Current portion of amounts payable after more than one year | 42 | €6,801 | €6,974 | +€172 | +2.5% |
| Trade debts | 44 | €11,120 | €176,358 | +€165,238 | +1486.0% |
| Suppliers | 440/4 | €11,120 | €176,358 | +€165,238 | +1486.0% |
| Taxes, remuneration and social security | 45 | €24,713 | €3,609 | -€21,105 | -85.4% |
| Taxes | 450/3 | €24,713 | - | -€24,713 | |
| Remuneration and social security | 454/9 | - | €3,609 | +€3,609 | |
| Other amounts payable | 47/48 | €10,378 | €1,289 | -€9,089 | -87.6% |
| Accrued charges and deferred income | 492/3 | €732 | - | -€732 | |
| Non-recurring operating income | 76A | €193 | - | -€193 | |
| Remuneration, social security and pensions | 62 | €11,649 | €54,995 | +€43,346 | +372.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,989 | €19,596 | +€6,607 | +50.9% |
| Other operating charges | 640/8 | €11,231 | €8,731 | -€2,499 | -22.3% |
| Non-recurring operating charges | 66A | - | €5,502 | +€5,502 | |
| Gross operating margin | 9900 | €118,028 | €150,824 | +€32,796 | +27.8% |
| Operating profit (loss) | 9901 | €82,160 | €62,000 | -€20,160 | -24.5% |
| Financial income | 75/76B | €14 | €111 | +€97 | +675.5% |
| Recurring financial income | 75 | €14 | €111 | +€97 | +675.5% |
| Financial charges | 65/66B | €3,195 | €7,720 | +€4,526 | +141.7% |
| Recurring financial charges | 65 | €3,195 | €7,720 | +€4,526 | +141.7% |
| Profit (loss) for the period before taxes | 9903 | €78,979 | €54,391 | -€24,589 | -31.1% |
| Income taxes | 67/77 | €17,969 | €13,999 | -€3,970 | -22.1% |
| Profit (loss) for the period | 9904 | €61,010 | €40,391 | -€20,618 | -33.8% |
| Profit (loss) for the period to be appropriated | 9905 | €61,010 | €40,391 | -€20,618 | -33.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.