GALT: 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.
GALT
Largest movements
- Current investments +€400,000
up €400,000 (+23967.0%), from €1,669 to €401,669
- Cash -€232,010
down €232,010 (-58.0%), from €400,041 to €168,030
mainly Current investments (-€400,000) and Contributions, distributions and other (-€108,903)
- Receivables within one year -€54,777
down €54,777 (-12.9%), from €425,037 to €370,260
of which Other amounts receivable: -€54,777
- Tangible fixed assets -€26,547
down €26,547 (-8.3%), from €320,376 to €293,829
of which Land and buildings: -€15,989
- Reserves +€239,839
up €239,839 (+39.3%), from €610,719 to €850,558
- Other debts -€64,769
down €64,769 (-41.4%), from €156,364 to €91,594
- Tax, wage and social debts -€43,332
down €43,332 (-23.5%), from €184,382 to €141,051
- Debts after one year -€24,254
down €24,254 (-15.2%), from €159,932 to €135,678
- Gross operating margin -€13,183
down €13,183 (-2.4%), from €554,780 to €541,597
- Taxes +€8,833
up €8,833 (+5.9%), from €150,782 to €159,615
- Financial income +€5,845
up €5,845 (+148.0%), from €3,949 to €9,794
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 | €1,156,122 | €1,249,278 | +€93,156 | +8.1% |
| Fixed assets | 21/28 | €320,376 | €293,829 | -€26,547 | -8.3% |
| Tangible fixed assets | 22/27 | €320,376 | €293,829 | -€26,547 | -8.3% |
| Land and buildings | 22 | €290,233 | €274,244 | -€15,989 | -5.5% |
| Plant, machinery and equipment | 23 | €7,450 | €5,505 | -€1,944 | -26.1% |
| Furniture and vehicles | 24 | €22,693 | €14,079 | -€8,613 | -38.0% |
| Current assets | 29/58 | €835,747 | €955,449 | +€119,703 | +14.3% |
| Amounts receivable within one year | 40/41 | €425,037 | €370,260 | -€54,777 | -12.9% |
| Trade receivables | 40 | €370,260 | €370,260 | = | 0.0% |
| Other amounts receivable | 41 | €54,777 | - | -€54,777 | |
| Current investments | 50/53 | €1,669 | €401,669 | +€400,000 | +23967.0% |
| Cash at bank and in hand | 54/58 | €400,041 | €168,030 | -€232,010 | -58.0% |
| Deferred charges and accrued income | 490/1 | €9,000 | €15,490 | +€6,491 | +72.1% |
| Total equity and liabilities | 10/49 | €1,156,122 | €1,249,278 | +€93,156 | +8.1% |
| Equity | 10/15 | €610,819 | €850,658 | +€239,839 | +39.3% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €610,719 | €850,558 | +€239,839 | +39.3% |
| Distributable reserves | 133 | €610,719 | €850,558 | +€239,839 | +39.3% |
| Amounts payable | 17/49 | €545,303 | €398,621 | -€146,683 | -26.9% |
| Amounts payable after more than one year | 17 | €159,932 | €135,678 | -€24,254 | -15.2% |
| Financial debts | 170/4 | €159,932 | €135,678 | -€24,254 | -15.2% |
| Amounts payable within one year | 42/48 | €383,094 | €260,942 | -€122,152 | -31.9% |
| Current portion of amounts payable after more than one year | 42 | €30,483 | €24,254 | -€6,229 | -20.4% |
| Trade debts | 44 | €11,865 | €4,043 | -€7,822 | -65.9% |
| Suppliers | 440/4 | €11,865 | €4,043 | -€7,822 | -65.9% |
| Taxes, remuneration and social security | 45 | €184,382 | €141,051 | -€43,332 | -23.5% |
| Taxes | 450/3 | €184,382 | €141,051 | -€43,332 | -23.5% |
| Other amounts payable | 47/48 | €156,364 | €91,594 | -€64,769 | -41.4% |
| Accrued charges and deferred income | 492/3 | €2,277 | €2,000 | -€277 | -12.2% |
| Remuneration, social security and pensions | 62 | €672 | - | -€672 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,271 | €32,136 | +€865 | +2.8% |
| Other operating charges | 640/8 | €4,206 | €5,263 | +€1,056 | +25.1% |
| Gross operating margin | 9900 | €554,780 | €541,597 | -€13,183 | -2.4% |
| Operating profit (loss) | 9901 | €518,631 | €504,198 | -€14,433 | -2.8% |
| Financial income | 75/76B | €3,949 | €9,794 | +€5,845 | +148.0% |
| Recurring financial income | 75 | €3,949 | €9,794 | +€5,845 | +148.0% |
| Financial charges | 65/66B | €5,370 | €5,634 | +€264 | +4.9% |
| Recurring financial charges | 65 | €5,370 | €5,634 | +€264 | +4.9% |
| Profit (loss) for the period before taxes | 9903 | €517,210 | €508,358 | -€8,852 | -1.7% |
| Income taxes | 67/77 | €150,782 | €159,615 | +€8,833 | +5.9% |
| Profit (loss) for the period | 9904 | €366,428 | €348,742 | -€17,686 | -4.8% |
| Profit (loss) for the period to be appropriated | 9905 | €366,428 | €348,742 | -€17,686 | -4.8% |
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.