GALVAN: 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.
GALVAN
Largest movements
- Receivables within one year +€2.0m
up €2.0m (+76558.3%), from €2,568 to €2.0m
of which Other amounts receivable: +€1.9m
- Financial fixed assets +€70,004
new in 2024: €70,004
- Tangible fixed assets +€48,256
new in 2024: €48,256
- Other debts +€2.2m
up €2.2m (+402.9%), from €545,010 to €2.7m
- Profit (loss) carried forward -€157,436
down €157,436 (-13.0%), from -€1.2m to -€1.4m
- Trade debts +€48,682
up €48,682 (+3049.6%), from €1,596 to €50,279
- Gross operating margin -€156,434
down €156,434, from €321 to -€156,113
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 | €2,736 | €2,103,920 | +€2.1m | +76811.7% |
| Fixed assets | 21/28 | - | €118,260 | +€118,260 | |
| Tangible fixed assets | 22/27 | - | €48,256 | +€48,256 | |
| Furniture and vehicles | 24 | - | €48,256 | +€48,256 | |
| Financial fixed assets | 28 | - | €70,004 | +€70,004 | |
| Current assets | 29/58 | €2,736 | €1,985,660 | +€2.0m | +72488.6% |
| Amounts receivable within one year | 40/41 | €2,568 | €1,968,517 | +€2.0m | +76558.3% |
| Trade receivables | 40 | €2,445 | €53,900 | +€51,455 | +2104.4% |
| Other amounts receivable | 41 | €123 | €1,914,617 | +€1.9m | +1558399.4% |
| Cash at bank and in hand | 54/58 | €168 | €14,690 | +€14,522 | +8665.2% |
| Deferred charges and accrued income | 490/1 | - | €2,454 | +€2,454 | |
| Total equity and liabilities | 10/49 | €2,736 | €2,103,920 | +€2.1m | +76811.7% |
| Equity | 10/15 | -€543,871 | -€701,307 | -€157,436 | -28.9% |
| Contributions | 10/11 | €468,000 | €468,000 | = | 0.0% |
| Reserves | 13 | €200,836 | €200,836 | = | 0.0% |
| Non-distributable reserves | 130/1 | €46,800 | €0 | -€46,800 | -100.0% |
| Reserves not available under the articles | 1311 | €46,800 | €0 | -€46,800 | -100.0% |
| Distributable reserves | 133 | €154,036 | €200,836 | +€46,800 | +30.4% |
| Profit (loss) carried forward | 14 | -€1,212,706 | -€1,370,143 | -€157,436 | -13.0% |
| Amounts payable | 17/49 | €546,606 | €2,805,227 | +€2.3m | +413.2% |
| Amounts payable within one year | 42/48 | €546,606 | €2,805,227 | +€2.3m | +413.2% |
| Trade debts | 44 | €1,596 | €50,279 | +€48,682 | +3049.6% |
| Suppliers | 440/4 | €1,596 | €50,279 | +€48,682 | +3049.6% |
| Taxes, remuneration and social security | 45 | €0 | €14,062 | +€14,062 | |
| Taxes | 450/3 | €0 | €14,062 | +€14,062 | |
| Other amounts payable | 47/48 | €545,010 | €2,740,887 | +€2.2m | +402.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €966 | +€966 | |
| Other operating charges | 640/8 | €398 | €367 | -€31 | -7.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €321 | -€156,113 | -€156,434 | |
| Operating profit (loss) | 9901 | -€77 | -€157,447 | -€157,369 | -203345.7% |
| Financial income | 75/76B | - | €155 | +€155 | |
| Recurring financial income | 75 | - | €155 | +€155 | |
| Financial charges | 65/66B | €87 | €127 | +€40 | +45.4% |
| Recurring financial charges | 65 | €87 | €127 | +€40 | +45.4% |
| Profit (loss) for the period before taxes | 9903 | -€165 | -€157,418 | -€157,254 | -95444.0% |
| Income taxes | 67/77 | €0 | €18 | +€18 | |
| Profit (loss) for the period | 9904 | -€165 | -€157,436 | -€157,271 | -95454.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€165 | -€157,436 | -€157,271 | -95454.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2023 and 30 September 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.