Geoffroy Galéa: 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.
Geoffroy Galéa
Largest movements
- Cash -€295,559
down €295,559 (-76.1%), from €388,347 to €92,789
mainly Other debts (-€255,869) and Contributions, distributions and other (-€159,000)
- Other debts -€255,869
no longer reported in 2025 (was €255,869)
- Tax, wage and social debts -€67,960
down €67,960 (-57.5%), from €118,268 to €50,309
of which Taxes: -€50,518
- Current portion of long-term debt +€18,510
new in 2025: €18,510
- Profit (loss) carried forward +€6,577
up €6,577 (+21.5%), from €30,581 to €37,157
- Trade debts +€6,508
up €6,508 (+775%), from €840 to €7,348
- Gross operating margin -€185,101
down €185,101 (-45.0%), from €411,510 to €226,409
- Taxes -€46,191
down €46,191 (-46.6%), from €99,038 to €52,846
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.
Derived cash bridge
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 | €405,559 | €113,325 | -€292,234 | -72.1% |
| Fixed assets | 21/28 | €12,346 | €11,402 | -€944 | -7.6% |
| Tangible fixed assets | 22/27 | €12,346 | €11,402 | -€944 | -7.6% |
| Furniture and vehicles | 24 | €3,570 | €4,358 | +€788 | +22.1% |
| Other tangible fixed assets | 26 | €8,776 | €7,044 | -€1,732 | -19.7% |
| Current assets | 29/58 | €393,213 | €101,923 | -€291,290 | -74.1% |
| Amounts receivable within one year | 40/41 | €759 | €2,803 | +€2,044 | +270% |
| Trade receivables | 40 | €759 | - | -€759 | |
| Other amounts receivable | 41 | - | €2,803 | +€2,803 | |
| Cash at bank and in hand | 54/58 | €388,347 | €92,789 | -€295,559 | -76.1% |
| Deferred charges and accrued income | 490/1 | €4,107 | €6,331 | +€2,224 | +54.1% |
| Total equity and liabilities | 10/49 | €405,559 | €113,325 | -€292,234 | -72.1% |
| Equity | 10/15 | €30,582 | €37,158 | +€6,577 | +21.5% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,581 | €37,157 | +€6,577 | +21.5% |
| Amounts payable | 17/49 | €374,977 | €76,167 | -€298,811 | -79.7% |
| Amounts payable within one year | 42/48 | €374,977 | €76,167 | -€298,811 | -79.7% |
| Current portion of amounts payable after more than one year | 42 | - | €18,510 | +€18,510 | |
| Trade debts | 44 | €840 | €7,348 | +€6,508 | +775% |
| Suppliers | 440/4 | €840 | €7,348 | +€6,508 | +775% |
| Taxes, remuneration and social security | 45 | €118,268 | €50,309 | -€67,960 | -57.5% |
| Taxes | 450/3 | €100,827 | €50,309 | -€50,518 | -50.1% |
| Remuneration and social security | 454/9 | €17,441 | - | -€17,441 | |
| Other amounts payable | 47/48 | €255,869 | - | -€255,869 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,253 | €3,772 | -€2,481 | -39.7% |
| Other operating charges | 640/8 | €1,220 | €1,278 | +€58 | +4.8% |
| Gross operating margin | 9900 | €411,510 | €226,409 | -€185,101 | -45.0% |
| Operating profit (loss) | 9901 | €404,037 | €221,359 | -€182,678 | -45.2% |
| Financial income | 75/76B | €42 | €68 | +€26 | +60.9% |
| Recurring financial income | 75 | €42 | €68 | +€26 | +60.9% |
| Financial charges | 65/66B | €3,641 | €3,004 | -€638 | -17.5% |
| Recurring financial charges | 65 | €3,641 | €3,004 | -€638 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | €400,438 | €218,423 | -€182,015 | -45.5% |
| Income taxes | 67/77 | €99,038 | €52,846 | -€46,191 | -46.6% |
| Profit (loss) for the period | 9904 | €301,400 | €165,577 | -€135,823 | -45.1% |
| Profit (loss) for the period to be appropriated | 9905 | €301,400 | €165,577 | -€135,823 | -45.1% |
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 28 October 2026 via checked.be.