GALYEL: 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.
GALYEL
Largest movements
- Tangible fixed assets -€76,639
down €76,639 (-21.4%), from €358,202 to €281,564
of which Land and buildings: -€76,530
- Profit (loss) carried forward -€56,183
down €56,183 (-74.6%), from -€75,297 to -€131,480
- Debts after one year -€29,200
down €29,200 (-8.7%), from €335,276 to €306,076
- Other debts +€7,675
up €7,675 (+12.7%), from €60,351 to €68,025
- Staff costs +€3,696
up €3,696 (+13.2%), from €27,957 to €31,653
- Other operating charges -€3,348
down €3,348 (-42.2%), from €7,930 to €4,582
- Gross operating margin -€2,800
down €2,800 (-4.4%), from €63,673 to €60,872
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 | €365,988 | €289,127 | -€76,861 | -21.0% |
| Fixed assets | 21/28 | €358,202 | €281,564 | -€76,639 | -21.4% |
| Tangible fixed assets | 22/27 | €358,202 | €281,564 | -€76,639 | -21.4% |
| Land and buildings | 22 | €358,093 | €281,564 | -€76,530 | -21.4% |
| Furniture and vehicles | 24 | €109 | €0 | -€109 | -100.0% |
| Current assets | 29/58 | €7,786 | €7,563 | -€222 | -2.9% |
| Cash at bank and in hand | 54/58 | €7,786 | €7,563 | -€222 | -2.9% |
| Total equity and liabilities | 10/49 | €365,988 | €289,127 | -€76,861 | -21.0% |
| Equity | 10/15 | -€73,297 | -€129,480 | -€56,183 | -76.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€75,297 | -€131,480 | -€56,183 | -74.6% |
| Amounts payable | 17/49 | €439,285 | €418,607 | -€20,678 | -4.7% |
| Amounts payable after more than one year | 17 | €335,276 | €306,076 | -€29,200 | -8.7% |
| Financial debts | 170/4 | €335,276 | €306,076 | -€29,200 | -8.7% |
| Amounts payable within one year | 42/48 | €103,138 | €111,659 | +€8,522 | +8.3% |
| Current portion of amounts payable after more than one year | 42 | €28,860 | €29,200 | +€340 | +1.2% |
| Trade debts | 44 | - | €533 | +€533 | |
| Suppliers | 440/4 | - | €533 | +€533 | |
| Taxes, remuneration and social security | 45 | €13,927 | €13,902 | -€25 | -0.2% |
| Remuneration and social security | 454/9 | €13,927 | €13,902 | -€25 | -0.2% |
| Other amounts payable | 47/48 | €60,351 | €68,025 | +€7,675 | +12.7% |
| Accrued charges and deferred income | 492/3 | €871 | €871 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €27,957 | €31,653 | +€3,696 | +13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,703 | €76,639 | -€64 | -0.1% |
| Other operating charges | 640/8 | €7,930 | €4,582 | -€3,348 | -42.2% |
| Gross operating margin | 9900 | €63,673 | €60,872 | -€2,800 | -4.4% |
| Operating profit (loss) | 9901 | -€48,916 | -€52,001 | -€3,085 | -6.3% |
| Financial charges | 65/66B | €4,547 | €4,182 | -€365 | -8.0% |
| Recurring financial charges | 65 | €4,547 | €4,182 | -€365 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | -€53,463 | -€56,183 | -€2,720 | -5.1% |
| Profit (loss) for the period | 9904 | -€53,463 | -€56,183 | -€2,720 | -5.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€53,463 | -€56,183 | -€2,720 | -5.1% |
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 8 October 2026 via checked.be.