John Galt Corp: 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.
John Galt Corp
Largest movements
- Receivables within one year -€108,838
down €108,838 (-51.5%), from €211,152 to €102,314
of which Trade receivables: -€152,683
- Tangible fixed assets +€80,957
up €80,957 (+184%), from €44,013 to €124,970
of which Furniture and vehicles: +€55,599
- Cash +€35,735
up €35,735 (+31.6%), from €113,104 to €148,839
mainly Receivables within one year (+€108,838) and Net result for the year (+€42,375)
- Reserves +€264,804
up €264,804 (+211,185%), from €125 to €264,930
of which Distributable reserves: +€264,804
- Profit (loss) carried forward -€258,430
no longer reported in 2025 (was €258,430)
- Tax, wage and social debts -€42,118
down €42,118 (-41.2%), from €102,288 to €60,170
- Debts after one year +€24,608
new in 2025: €24,608
- Contributions +€12,350
up €12,350 (+199%), from €6,200 to €18,550
- Gross operating margin -€97,523
down €97,523 (-58.4%), from €167,114 to €69,591
- Financial income +€22,145
up €22,145 (+1,927%), from €1,149 to €23,294
- Taxes -€21,183
down €21,183 (-56.5%), from €37,463 to €16,280
- Other operating charges +€11,063
up €11,063 (+224%), from €4,944 to €16,008
- Depreciation +€6,808
up €6,808 (+212%), from €3,217 to €10,025
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 | €374,856 | €385,521 | +€10,665 | +2.8% |
| Fixed assets | 21/28 | €44,013 | €125,070 | +€81,057 | +184% |
| Tangible fixed assets | 22/27 | €44,013 | €124,970 | +€80,957 | +184% |
| Furniture and vehicles | 24 | €6,491 | €62,089 | +€55,599 | +857% |
| Other tangible fixed assets | 26 | €37,522 | €62,881 | +€25,358 | +67.6% |
| Financial fixed assets | 28 | - | €100 | +€100 | |
| Current assets | 29/58 | €330,843 | €260,451 | -€70,392 | -21.3% |
| Amounts receivable within one year | 40/41 | €211,152 | €102,314 | -€108,838 | -51.5% |
| Trade receivables | 40 | €183,965 | €31,283 | -€152,683 | -83.0% |
| Other amounts receivable | 41 | €27,187 | €71,032 | +€43,845 | +161% |
| Cash at bank and in hand | 54/58 | €113,104 | €148,839 | +€35,735 | +31.6% |
| Deferred charges and accrued income | 490/1 | €6,586 | €9,297 | +€2,711 | +41.2% |
| Total equity and liabilities | 10/49 | €374,856 | €385,521 | +€10,665 | +2.8% |
| Equity | 10/15 | €264,755 | €283,480 | +€18,725 | +7.1% |
| Contributions | 10/11 | €6,200 | €18,550 | +€12,350 | +199% |
| Reserves | 13 | €125 | €264,930 | +€264,804 | +211,185% |
| Non-distributable reserves | 130/1 | €125 | €125 | = | 0.0% |
| Reserves not available under the articles | 1311 | €125 | €125 | = | 0.0% |
| Distributable reserves | 133 | - | €264,804 | +€264,804 | |
| Profit (loss) carried forward | 14 | €258,430 | - | -€258,430 | |
| Amounts payable | 17/49 | €110,100 | €102,041 | -€8,059 | -7.3% |
| Amounts payable after more than one year | 17 | - | €24,608 | +€24,608 | |
| Financial debts | 170/4 | - | €24,608 | +€24,608 | |
| Amounts payable within one year | 42/48 | €110,100 | €77,433 | -€32,667 | -29.7% |
| Current portion of amounts payable after more than one year | 42 | - | €9,332 | +€9,332 | |
| Trade debts | 44 | €7,812 | €7,831 | +€19 | +0.2% |
| Suppliers | 440/4 | €7,812 | €7,831 | +€19 | +0.2% |
| Taxes, remuneration and social security | 45 | €102,288 | €60,170 | -€42,118 | -41.2% |
| Taxes | 450/3 | €102,288 | €60,170 | -€42,118 | -41.2% |
| Other amounts payable | 47/48 | - | €100 | +€100 | |
| Non-recurring operating income | 76A | - | €4,139 | +€4,139 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,217 | €10,025 | +€6,808 | +212% |
| Other operating charges | 640/8 | €4,944 | €16,008 | +€11,063 | +224% |
| Gross operating margin | 9900 | €167,114 | €69,591 | -€97,523 | -58.4% |
| Operating profit (loss) | 9901 | €158,953 | €43,558 | -€115,395 | -72.6% |
| Financial income | 75/76B | €1,149 | €23,294 | +€22,145 | +1,927% |
| Recurring financial income | 75 | €1,149 | €23,294 | +€22,145 | +1,927% |
| Financial charges | 65/66B | €7,021 | €8,198 | +€1,177 | +16.8% |
| Recurring financial charges | 65 | €5,816 | €8,198 | +€2,382 | +40.9% |
| Non-recurring financial charges | 66B | €1,205 | - | -€1,205 | |
| Profit (loss) for the period before taxes | 9903 | €153,081 | €58,654 | -€94,427 | -61.7% |
| Income taxes | 67/77 | €37,463 | €16,280 | -€21,183 | -56.5% |
| Profit (loss) for the period | 9904 | €115,618 | €42,375 | -€73,244 | -63.3% |
| Profit (loss) for the period to be appropriated | 9905 | €115,618 | €42,375 | -€73,244 | -63.3% |
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 22 October 2026 via checked.be.