GALVATON: 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.
GALVATON
Largest movements
- Receivables within one year +€2,950
up €2,950 (+2.0%), from €146,346 to €149,296
of which Other amounts receivable: +€2,950
- Other debts +€2,729
new in 2025: €2,729
- Financial income -€2,758
down €2,758 (-48.3%), from €5,707 to €2,950
- Gross operating margin +€387
up €387 (+21.0%), from -€1,845 to -€1,458
- Financial charges +€147
up €147 (+277.9%), from €53 to €200
- Other operating charges +€77
up €77 (+14.6%), from €528 to €605
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 | €146,722 | €149,832 | +€3,110 | +2.1% |
| Current assets | 29/58 | €146,722 | €149,832 | +€3,110 | +2.1% |
| Amounts receivable within one year | 40/41 | €146,346 | €149,296 | +€2,950 | +2.0% |
| Trade receivables | 40 | €67 | €67 | = | 0.0% |
| Other amounts receivable | 41 | €146,279 | €149,229 | +€2,950 | +2.0% |
| Cash at bank and in hand | 54/58 | €376 | €536 | +€160 | +42.6% |
| Total equity and liabilities | 10/49 | €146,722 | €149,832 | +€3,110 | +2.1% |
| Equity | 10/15 | €146,301 | €146,987 | +€687 | +0.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €84,300 | €84,900 | +€600 | +0.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €78,100 | €78,700 | +€600 | +0.8% |
| Profit (loss) carried forward | 14 | €1 | €87 | +€87 | +12019.4% |
| Amounts payable | 17/49 | €421 | €2,845 | +€2,423 | +575.0% |
| Amounts payable within one year | 42/48 | €421 | €2,845 | +€2,423 | +575.0% |
| Trade debts | 44 | €387 | €81 | -€306 | -79.0% |
| Suppliers | 440/4 | €387 | €81 | -€306 | -79.0% |
| Taxes, remuneration and social security | 45 | €34 | €34 | = | 0.0% |
| Taxes | 450/3 | €34 | €34 | = | 0.0% |
| Other amounts payable | 47/48 | - | €2,729 | +€2,729 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €528 | €605 | +€77 | +14.6% |
| Gross operating margin | 9900 | -€1,845 | -€1,458 | +€387 | +21.0% |
| Operating profit (loss) | 9901 | -€2,373 | -€2,063 | +€310 | +13.1% |
| Financial income | 75/76B | €5,707 | €2,950 | -€2,758 | -48.3% |
| Recurring financial income | 75 | €5,707 | €2,950 | -€2,758 | -48.3% |
| Financial charges | 65/66B | €53 | €200 | +€147 | +277.9% |
| Recurring financial charges | 65 | €53 | €200 | +€147 | +277.9% |
| Profit (loss) for the period before taxes | 9903 | €3,281 | €687 | -€2,595 | -79.1% |
| Profit (loss) for the period | 9904 | €3,281 | €687 | -€2,595 | -79.1% |
| Profit (loss) for the period to be appropriated | 9905 | €3,281 | €687 | -€2,595 | -79.1% |
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 12 October 2026 via checked.be.