GALVANODECOR: 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.
GALVANODECOR
Largest movements
- Receivables within one year -€25,974
down €25,974 (-25.8%), from €100,560 to €74,586
of which Trade receivables: -€43,851
- Current investments +€10,000
up €10,000 (+33.3%), from €30,000 to €40,000
- Stocks and contracts +€6,672
up €6,672 (+422.6%), from €1,579 to €8,251
- Tangible fixed assets -€5,395
down €5,395 (-51.2%), from €10,540 to €5,146
of which Furniture and vehicles: -€5,395
- Trade debts -€27,830
down €27,830 (-66.5%), from €41,860 to €14,030
- Tax, wage and social debts +€14,385
up €14,385 (+96.0%), from €14,987 to €29,372
- Gross operating margin -€7,427
down €7,427 (-15.1%), from €49,036 to €41,609
- Taxes +€1,505
up €1,505 (+16.1%), from €9,337 to €10,841
- Financial income +€1,263
up €1,263 (+72.6%), from €1,741 to €3,004
- Depreciation +€811
up €811 (+17.7%), from €4,584 to €5,395
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 | €183,042 | €168,829 | -€14,213 | -7.8% |
| Fixed assets | 21/28 | €10,865 | €5,470 | -€5,395 | -49.7% |
| Tangible fixed assets | 22/27 | €10,540 | €5,146 | -€5,395 | -51.2% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €10,540 | €5,146 | -€5,395 | -51.2% |
| Financial fixed assets | 28 | €325 | €325 | = | 0.0% |
| Current assets | 29/58 | €172,178 | €163,359 | -€8,819 | -5.1% |
| Stocks and contracts in progress | 3 | €1,579 | €8,251 | +€6,672 | +422.6% |
| Stocks | 30/36 | €1,579 | €8,251 | +€6,672 | +422.6% |
| Amounts receivable within one year | 40/41 | €100,560 | €74,586 | -€25,974 | -25.8% |
| Trade receivables | 40 | €59,939 | €16,088 | -€43,851 | -73.2% |
| Other amounts receivable | 41 | €40,621 | €58,499 | +€17,878 | +44.0% |
| Current investments | 50/53 | €30,000 | €40,000 | +€10,000 | +33.3% |
| Cash at bank and in hand | 54/58 | €38,506 | €38,635 | +€129 | +0.3% |
| Deferred charges and accrued income | 490/1 | €1,533 | €1,886 | +€354 | +23.1% |
| Total equity and liabilities | 10/49 | €183,042 | €168,829 | -€14,213 | -7.8% |
| Equity | 10/15 | €97,624 | €97,627 | +€3 | 0.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €26,554 | €26,554 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €24,695 | €24,695 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,478 | €52,481 | +€3 | 0.0% |
| Amounts payable | 17/49 | €85,418 | €71,202 | -€14,217 | -16.6% |
| Amounts payable within one year | 42/48 | €85,418 | €71,202 | -€14,217 | -16.6% |
| Trade debts | 44 | €41,860 | €14,030 | -€27,830 | -66.5% |
| Suppliers | 440/4 | €41,860 | €14,030 | -€27,830 | -66.5% |
| Taxes, remuneration and social security | 45 | €14,987 | €29,372 | +€14,385 | +96.0% |
| Taxes | 450/3 | €14,987 | €29,372 | +€14,385 | +96.0% |
| Other amounts payable | 47/48 | €28,571 | €27,800 | -€771 | -2.7% |
| Non-recurring operating income | 76A | €0 | - | -€0 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,584 | €5,395 | +€811 | +17.7% |
| Other operating charges | 640/8 | €220 | €408 | +€188 | +85.6% |
| Non-recurring operating charges | 66A | €0 | €0 | +€0 | +100.0% |
| Gross operating margin | 9900 | €49,036 | €41,609 | -€7,427 | -15.1% |
| Operating profit (loss) | 9901 | €44,232 | €35,807 | -€8,426 | -19.0% |
| Financial income | 75/76B | €1,741 | €3,004 | +€1,263 | +72.6% |
| Recurring financial income | 75 | €1,741 | €3,004 | +€1,263 | +72.6% |
| Financial charges | 65/66B | €191 | €165 | -€26 | -13.6% |
| Recurring financial charges | 65 | €191 | €165 | -€26 | -13.6% |
| Profit (loss) for the period before taxes | 9903 | €45,782 | €38,645 | -€7,137 | -15.6% |
| Income taxes | 67/77 | €9,337 | €10,841 | +€1,505 | +16.1% |
| Profit (loss) for the period | 9904 | €36,445 | €27,803 | -€8,642 | -23.7% |
| Profit (loss) for the period to be appropriated | 9905 | €36,445 | €27,803 | -€8,642 | -23.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.