GALVATRONIC: 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.
GALVATRONIC
Largest movements
- Receivables within one year -€13,604
down €13,604 (-7.2%), from €189,045 to €175,441
of which Trade receivables: -€20,993
- Tax, wage and social debts -€17,732
down €17,732 (-100.0%), from €17,732 to €0
- Current portion of long-term debt +€5,500
up €5,500 (+122.2%), from €4,500 to €10,000
- Trade debts -€4,871
down €4,871 (-21.6%), from €22,500 to €17,629
- Short-term financial debts +€2,882
up €2,882 (+172.6%), from €1,670 to €4,552
- Gross operating margin -€34,998
down €34,998, from €30,251 to -€4,747
- Taxes -€9,413
down €9,413, from €7,813 to -€1,600
- Financial income +€8,958
up €8,958 (+7133.0%), from €126 to €9,083
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €189,925 | €175,512 | -€14,413 | -7.6% |
| Current assets | 29/58 | €189,925 | €175,512 | -€14,413 | -7.6% |
| Amounts receivable within one year | 40/41 | €189,045 | €175,441 | -€13,604 | -7.2% |
| Trade receivables | 40 | €20,993 | €0 | -€20,993 | -100.0% |
| Other amounts receivable | 41 | €168,053 | €175,441 | +€7,389 | +4.4% |
| Deferred charges and accrued income | 490/1 | €880 | €71 | -€809 | -92.0% |
| Total equity and liabilities | 10/49 | €189,925 | €175,512 | -€14,413 | -7.6% |
| Equity | 10/15 | €131,968 | €131,776 | -€193 | -0.1% |
| Contributions | 10/11 | €78,000 | €78,000 | = | 0.0% |
| Reserves | 13 | €53,968 | €53,776 | -€193 | -0.4% |
| Distributable reserves | 133 | €53,968 | €53,776 | -€193 | -0.4% |
| Amounts payable | 17/49 | €57,957 | €43,736 | -€14,220 | -24.5% |
| Amounts payable within one year | 42/48 | €57,957 | €43,736 | -€14,220 | -24.5% |
| Current portion of amounts payable after more than one year | 42 | €4,500 | €10,000 | +€5,500 | +122.2% |
| Financial debts | 43 | €1,670 | €4,552 | +€2,882 | +172.6% |
| Credit institutions | 430/8 | €1,670 | €4,552 | +€2,882 | +172.6% |
| Trade debts | 44 | €22,500 | €17,629 | -€4,871 | -21.6% |
| Suppliers | 440/4 | €22,500 | €17,629 | -€4,871 | -21.6% |
| Taxes, remuneration and social security | 45 | €17,732 | €0 | -€17,732 | -100.0% |
| Taxes | 450/3 | €17,732 | €0 | -€17,732 | -100.0% |
| Other amounts payable | 47/48 | €11,556 | €11,556 | = | 0.0% |
| Other operating charges | 640/8 | €801 | €1,040 | +€239 | +29.9% |
| Non-recurring operating charges | 66A | - | €2,277 | +€2,277 | |
| Gross operating margin | 9900 | €30,251 | -€4,747 | -€34,998 | |
| Operating profit (loss) | 9901 | €29,450 | -€8,064 | -€37,514 | |
| Financial income | 75/76B | €126 | €9,083 | +€8,958 | +7133.0% |
| Recurring financial income | 75 | €126 | €9,083 | +€8,958 | +7133.0% |
| Financial charges | 65/66B | €3,040 | €2,811 | -€228 | -7.5% |
| Recurring financial charges | 65 | €3,040 | €2,811 | -€228 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | €26,536 | -€1,793 | -€28,329 | |
| Income taxes | 67/77 | €7,813 | -€1,600 | -€9,413 | |
| Profit (loss) for the period | 9904 | €18,723 | -€193 | -€18,916 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,723 | -€193 | -€18,916 |
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.