GALTIER EXPERTISES: 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.
What changed
GALTIER EXPERTISES
NACE 73.200, Market research and public opinion polling
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€545,186
2024 · €171,944+€373,242
Equity
€296,304
2024 · €296,518-€214
Cash
€542,212
2024 · €192,709+€349,503
Balance sheet total
€2.3m
2024 · €1.9m+€443,578
Largest movements
Assets
- Cash +€349,503
up €349,503 (+181%), from €192,709 to €542,212
mainly Net result for the year (+€545,186) and Other debts (+€361,229)
- Receivables within one year +€94,432
up €94,432 (+6.5%), from €1.5m to €1.6m
of which Trade receivables: +€146,111
Equity and liabilities
- Other debts +€361,229
up €361,229 (+196%), from €184,171 to €545,400
- Short-term financial debts -€96,326
down €96,326 (-39.1%), from €246,326 to €150,000
- Trade debts +€92,366
up €92,366 (+12.6%), from €733,296 to €825,661
- Tax, wage and social debts +€75,682
up €75,682 (+25.2%), from €300,757 to €376,439
of which Taxes: +€54,211
Income statement
- Gross operating margin +€340,553
up €340,553 (+15.1%), from €2.3m to €2.6m
- Staff costs -€193,159
down €193,159 (-10.2%), from €1.9m to €1.7m
- Taxes +€126,222
up €126,222 (+140%), from €89,866 to €216,088
- Write-downs +€48,395
up €48,395, from -€37,176 to €11,219
- Other operating charges -€47,237
down €47,237 (-49.7%), from €95,024 to €47,787
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.
Result 2024
€171,944
Gross operating margin
+€340,553
Staff costs
+€193,159
Depreciation
-€20,881
Write-downs
-€48,395
Other operating charges
+€47,237
Financial income
-€13,587
Financial charges
+€1,378
Taxes
-€126,222
Result 2025
€545,186
raises the resultlowers the result
Derived cash bridge
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.
From operations
+€1.1m
Investment
-€70,347
Financing
-€630,856
Cash 2024
€192,709
From operations (derived)
+€1.1m
Net result for the year
+€545,186
Depreciation
+€66,710
Smaller working-capital items
-€779
Receivables within one year
-€94,432
Deferred charges and accrued income
+€4,744
Trade debts
+€92,366
Tax, wage and social debts
+€75,682
Other debts
+€361,229
Investment (derived)
-€70,347
Investment in fixed assets (net)
-€70,347
Financing
-€630,856
Debts after one year
+€4,073
Current portion of long-term debt
+€6,797
Short-term financial debts
-€96,326
Contributions, distributions and other
-€545,400
Cash 2025
€542,212
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,900,465 | €2,344,043 | +€443,578 | +23.3% |
| Fixed assets | 21/28 | €205,853 | €209,490 | +€3,636 | +1.8% |
| Intangible fixed assets | 21 | €2,943 | €48 | -€2,895 | -98.4% |
| Tangible fixed assets | 22/27 | €202,839 | €209,370 | +€6,531 | +3.2% |
| Plant, machinery and equipment | 23 | €4,298 | €4,755 | +€457 | +10.6% |
| Furniture and vehicles | 24 | €155,341 | €168,571 | +€13,230 | +8.5% |
| Other tangible fixed assets | 26 | €43,200 | €36,044 | -€7,155 | -16.6% |
| Financial fixed assets | 28 | €72 | €72 | = | 0.0% |
| Current assets | 29/58 | €1,694,612 | €2,134,554 | +€439,942 | +26.0% |
| Stocks and contracts in progress | 3 | €3,000 | €3,750 | +€750 | +25.0% |
| Stocks | 30/36 | €1,000 | €1,000 | = | 0.0% |
| Contracts in progress | 37 | €2,000 | €2,750 | +€750 | +37.5% |
| Amounts receivable within one year | 40/41 | €1,463,264 | €1,557,696 | +€94,432 | +6.5% |
| Trade receivables | 40 | €1,397,417 | €1,543,528 | +€146,111 | +10.5% |
| Other amounts receivable | 41 | €65,847 | €14,168 | -€51,679 | -78.5% |
| Cash at bank and in hand | 54/58 | €192,709 | €542,212 | +€349,503 | +181% |
| Deferred charges and accrued income | 490/1 | €35,640 | €30,896 | -€4,744 | -13.3% |
| Total equity and liabilities | 10/49 | €1,900,465 | €2,344,043 | +€443,578 | +23.3% |
| Equity | 10/15 | €296,518 | €296,304 | -€214 | -0.1% |
| Contributions | 10/11 | €213,789 | €213,789 | = | 0.0% |
| Capital | 10 | €213,789 | €213,789 | = | 0.0% |
| Issued capital | 100 | €213,789 | €213,789 | = | 0.0% |
| Reserves | 13 | €82,729 | €82,515 | -€214 | -0.3% |
| Non-distributable reserves | 130/1 | €21,379 | €21,379 | = | 0.0% |
| Legal reserve | 130 | €21,379 | €21,379 | = | 0.0% |
| Distributable reserves | 133 | €61,350 | €61,136 | -€214 | -0.3% |
| Amounts payable | 17/49 | €1,603,948 | €2,047,740 | +€443,792 | +27.7% |
| Amounts payable after more than one year | 17 | €95,581 | €99,655 | +€4,073 | +4.3% |
| Financial debts | 170/4 | €95,581 | €99,655 | +€4,073 | +4.3% |
| Amounts payable within one year | 42/48 | €1,507,941 | €1,947,688 | +€439,748 | +29.2% |
| Current portion of amounts payable after more than one year | 42 | €43,392 | €50,188 | +€6,797 | +15.7% |
| Financial debts | 43 | €246,326 | €150,000 | -€96,326 | -39.1% |
| Credit institutions | 430/8 | €246,326 | €150,000 | -€96,326 | -39.1% |
| Trade debts | 44 | €733,296 | €825,661 | +€92,366 | +12.6% |
| Suppliers | 440/4 | €733,296 | €825,661 | +€92,366 | +12.6% |
| Taxes, remuneration and social security | 45 | €300,757 | €376,439 | +€75,682 | +25.2% |
| Taxes | 450/3 | €87,563 | €141,774 | +€54,211 | +61.9% |
| Remuneration and social security | 454/9 | €213,194 | €234,665 | +€21,471 | +10.1% |
| Other amounts payable | 47/48 | €184,171 | €545,400 | +€361,229 | +196% |
| Accrued charges and deferred income | 492/3 | €425 | €397 | -€29 | -6.7% |
| Remuneration, social security and pensions | 62 | €1,896,352 | €1,703,193 | -€193,159 | -10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,830 | €66,710 | +€20,881 | +45.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€37,176 | €11,219 | +€48,395 | |
| Other operating charges | 640/8 | €95,024 | €47,787 | -€47,237 | -49.7% |
| Gross operating margin | 9900 | €2,250,055 | €2,590,607 | +€340,553 | +15.1% |
| Operating profit (loss) | 9901 | €250,025 | €761,697 | +€511,672 | +205% |
| Financial income | 75/76B | €27,738 | €14,151 | -€13,587 | -49.0% |
| Recurring financial income | 75 | €27,738 | €14,151 | -€13,587 | -49.0% |
| Financial charges | 65/66B | €15,953 | €14,574 | -€1,378 | -8.6% |
| Recurring financial charges | 65 | €15,953 | €14,574 | -€1,378 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €261,810 | €761,274 | +€499,464 | +191% |
| Income taxes | 67/77 | €89,866 | €216,088 | +€126,222 | +140% |
| Profit (loss) for the period | 9904 | €171,944 | €545,186 | +€373,242 | +217% |
| Profit (loss) for the period to be appropriated | 9905 | €171,944 | €545,186 | +€373,242 | +217% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.