GALUM: 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.
GALUM
Largest movements
- Cash +€283,010
up €283,010 (+1005.1%), from €28,158 to €311,168
mainly Net result for the year (+€164,246) and Other debts (+€121,521)
- Receivables within one year -€6,955
down €6,955 (-10.2%), from €68,201 to €61,246
of which Other amounts receivable: -€11,988
- Other debts +€121,521
up €121,521 (+195.8%), from €62,050 to €183,571
- Tax, wage and social debts +€102,890
up €102,890 (+518.3%), from €19,850 to €122,740
of which Taxes: +€102,890
- Profit (loss) carried forward +€54,246
up €54,246, from €0 to €54,246
- Gross operating margin +€172,399
up €172,399 (+323.2%), from €53,336 to €225,735
- Taxes +€44,540
up €44,540 (+373.8%), from €11,916 to €56,456
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 | €102,360 | €381,180 | +€278,821 | +272.4% |
| Fixed assets | 21/28 | €933 | €529 | -€404 | -43.3% |
| Tangible fixed assets | 22/27 | €933 | €529 | -€404 | -43.3% |
| Furniture and vehicles | 24 | €353 | €121 | -€232 | -65.8% |
| Other tangible fixed assets | 26 | €579 | €408 | -€172 | -29.6% |
| Current assets | 29/58 | €101,427 | €380,652 | +€279,225 | +275.3% |
| Amounts receivable within one year | 40/41 | €68,201 | €61,246 | -€6,955 | -10.2% |
| Trade receivables | 40 | €56,214 | €61,246 | +€5,033 | +9.0% |
| Other amounts receivable | 41 | €11,988 | €0 | -€11,988 | -100.0% |
| Cash at bank and in hand | 54/58 | €28,158 | €311,168 | +€283,010 | +1005.1% |
| Deferred charges and accrued income | 490/1 | €5,068 | €8,238 | +€3,170 | +62.5% |
| Total equity and liabilities | 10/49 | €102,360 | €381,180 | +€278,821 | +272.4% |
| Equity | 10/15 | €20,460 | €74,706 | +€54,246 | +265.1% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €54,246 | +€54,246 | |
| Amounts payable | 17/49 | €81,900 | €306,474 | +€224,574 | +274.2% |
| Amounts payable within one year | 42/48 | €81,900 | €306,474 | +€224,574 | +274.2% |
| Trade debts | 44 | €0 | €164 | +€164 | |
| Suppliers | 440/4 | €0 | €164 | +€164 | |
| Taxes, remuneration and social security | 45 | €19,850 | €122,740 | +€102,890 | +518.3% |
| Taxes | 450/3 | €19,850 | €122,740 | +€102,890 | +518.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €62,050 | €183,571 | +€121,521 | +195.8% |
| Remuneration, social security and pensions | 62 | €2,250 | €1,896 | -€354 | -15.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €703 | €404 | -€298 | -42.5% |
| Other operating charges | 640/8 | €387 | €470 | +€82 | +21.3% |
| Gross operating margin | 9900 | €53,336 | €225,735 | +€172,399 | +323.2% |
| Operating profit (loss) | 9901 | €49,996 | €222,965 | +€172,968 | +346.0% |
| Financial income | 75/76B | €0 | €120 | +€120 | |
| Recurring financial income | 75 | €0 | €120 | +€120 | |
| Financial charges | 65/66B | €2,747 | €2,383 | -€364 | -13.3% |
| Recurring financial charges | 65 | €2,747 | €2,383 | -€364 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | €47,249 | €220,703 | +€173,453 | +367.1% |
| Income taxes | 67/77 | €11,916 | €56,456 | +€44,540 | +373.8% |
| Profit (loss) for the period | 9904 | €35,333 | €164,246 | +€128,913 | +364.8% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €35,333 | €164,246 | +€128,913 | +364.8% |
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 5 October 2026 via checked.be.