GL.Galea: 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.
GL.Galea
Largest movements
- Receivables within one year +€20,246
up €20,246 (+93.9%), from €21,557 to €41,803
of which Trade receivables: +€18,740
- Cash +€9,948
up €9,948 (+197.0%), from €5,048 to €14,996
mainly Net result for the year (+€17,695) and Debts after one year (+€13,306)
- Tangible fixed assets +€1,196
new in 2024: €1,196
- Reserves +€17,695
up €17,695 (+288.1%), from €6,141 to €23,836
- Debts after one year +€13,306
new in 2024: €13,306
- Tax, wage and social debts -€2,459
down €2,459 (-23.6%), from €10,408 to €7,949
of which Remuneration and social security: -€5,413
- Current portion of long-term debt +€1,644
new in 2024: €1,644
- Trade debts +€1,035
up €1,035 (+14.4%), from €7,210 to €8,245
- Gross operating margin +€15,031
up €15,031 (+184.1%), from €8,166 to €23,197
- Taxes +€2,955
up €2,955 (+192.5%), from €1,535 to €4,490
- Financial charges +€474
up €474 (+451.2%), from €105 to €579
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 | €26,605 | €57,995 | +€31,390 | +118.0% |
| Fixed assets | 21/28 | - | €1,196 | +€1,196 | |
| Tangible fixed assets | 22/27 | - | €1,196 | +€1,196 | |
| Furniture and vehicles | 24 | - | €1,196 | +€1,196 | |
| Current assets | 29/58 | €26,605 | €56,799 | +€30,194 | +113.5% |
| Amounts receivable within one year | 40/41 | €21,557 | €41,803 | +€20,246 | +93.9% |
| Trade receivables | 40 | €18,955 | €37,696 | +€18,740 | +98.9% |
| Other amounts receivable | 41 | €2,601 | €4,107 | +€1,506 | +57.9% |
| Cash at bank and in hand | 54/58 | €5,048 | €14,996 | +€9,948 | +197.0% |
| Total equity and liabilities | 10/49 | €26,605 | €57,995 | +€31,390 | +118.0% |
| Equity | 10/15 | €8,141 | €25,836 | +€17,695 | +217.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €6,141 | €23,836 | +€17,695 | +288.1% |
| Distributable reserves | 133 | €6,141 | €23,836 | +€17,695 | +288.1% |
| Amounts payable | 17/49 | €18,464 | €32,159 | +€13,695 | +74.2% |
| Amounts payable after more than one year | 17 | - | €13,306 | +€13,306 | |
| Financial debts | 170/4 | - | €13,306 | +€13,306 | |
| Amounts payable within one year | 42/48 | €18,464 | €18,453 | -€11 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | - | €1,644 | +€1,644 | |
| Trade debts | 44 | €7,210 | €8,245 | +€1,035 | +14.4% |
| Suppliers | 440/4 | €7,210 | €8,245 | +€1,035 | +14.4% |
| Taxes, remuneration and social security | 45 | €10,408 | €7,949 | -€2,459 | -23.6% |
| Taxes | 450/3 | €1,535 | €4,490 | +€2,955 | +192.5% |
| Remuneration and social security | 454/9 | €8,872 | €3,459 | -€5,413 | -61.0% |
| Other amounts payable | 47/48 | €847 | €616 | -€231 | -27.3% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €46 | +€46 | |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | €8,166 | €23,197 | +€15,031 | +184.1% |
| Operating profit (loss) | 9901 | €7,781 | €22,763 | +€14,982 | +192.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €105 | €579 | +€474 | +451.2% |
| Recurring financial charges | 65 | €105 | €579 | +€474 | +451.2% |
| Profit (loss) for the period before taxes | 9903 | €7,676 | €22,185 | +€14,509 | +189.0% |
| Income taxes | 67/77 | €1,535 | €4,490 | +€2,955 | +192.5% |
| Profit (loss) for the period | 9904 | €6,141 | €17,695 | +€11,554 | +188.1% |
| Profit (loss) for the period to be appropriated | 9905 | €6,141 | €17,695 | +€11,554 | +188.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.