La Galère: 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.
La Galère
Largest movements
- Cash +€150,450
up €150,450 (+39.0%), from €385,862 to €536,312
mainly Depreciation (+€104,518) and Net result for the year (+€98,753)
- Receivables within one year -€82,166
down €82,166 (-24.8%), from €331,414 to €249,248
of which Other amounts receivable: -€90,730
- Tangible fixed assets +€79,076
up €79,076 (+23.4%), from €337,863 to €416,939
of which Other tangible fixed assets: +€106,342
- Current portion of long-term debt +€51,278
up €51,278 (+62.4%), from €82,213 to €133,491
- Accrued charges and deferred income +€35,753
up €35,753 (+108%), from €33,116 to €68,870
- Debts after one year +€27,825
up €27,825 (+13.5%), from €205,770 to €233,596
- Other debts +€19,704
up €19,704 (+10.0%), from €197,547 to €217,251
- Tax, wage and social debts +€16,019
up €16,019 (+11.8%), from €135,364 to €151,383
of which Taxes: +€14,171
- Gross operating margin +€25,641
up €25,641 (+2.3%), from €1.1m to €1.2m
- Staff costs +€25,395
up €25,395 (+2.9%), from €868,854 to €894,249
- Depreciation -€17,573
down €17,573 (-14.4%), from €122,092 to €104,518
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 | €1,108,036 | €1,266,532 | +€158,496 | +14.3% |
| Fixed assets | 21/28 | €343,078 | €419,805 | +€76,727 | +22.4% |
| Intangible fixed assets | 21 | €4,495 | €2,146 | -€2,349 | -52.2% |
| Tangible fixed assets | 22/27 | €337,863 | €416,939 | +€79,076 | +23.4% |
| Plant, machinery and equipment | 23 | €143,272 | €119,132 | -€24,140 | -16.8% |
| Furniture and vehicles | 24 | €5,708 | €2,581 | -€3,127 | -54.8% |
| Other tangible fixed assets | 26 | €188,884 | €295,226 | +€106,342 | +56.3% |
| Financial fixed assets | 28 | €720 | €720 | = | 0.0% |
| Current assets | 29/58 | €764,958 | €846,727 | +€81,769 | +10.7% |
| Stocks and contracts in progress | 3 | €25,725 | €31,589 | +€5,864 | +22.8% |
| Stocks | 30/36 | €25,725 | €31,589 | +€5,864 | +22.8% |
| Amounts receivable within one year | 40/41 | €331,414 | €249,248 | -€82,166 | -24.8% |
| Trade receivables | 40 | €4,234 | €12,798 | +€8,564 | +202% |
| Other amounts receivable | 41 | €327,180 | €236,450 | -€90,730 | -27.7% |
| Cash at bank and in hand | 54/58 | €385,862 | €536,312 | +€150,450 | +39.0% |
| Deferred charges and accrued income | 490/1 | €21,957 | €29,578 | +€7,621 | +34.7% |
| Total equity and liabilities | 10/49 | €1,108,036 | €1,266,532 | +€158,496 | +14.3% |
| Equity | 10/15 | €151,637 | €151,637 | = | 0.0% |
| Contributions | 10/11 | €99,579 | €99,579 | = | 0.0% |
| Reserves | 13 | €52,058 | €52,058 | = | 0.0% |
| Distributable reserves | 133 | €52,058 | €52,058 | = | 0.0% |
| Amounts payable | 17/49 | €956,400 | €1,114,896 | +€158,496 | +16.6% |
| Amounts payable after more than one year | 17 | €205,770 | €233,596 | +€27,825 | +13.5% |
| Financial debts | 170/4 | €205,770 | €233,596 | +€27,825 | +13.5% |
| Amounts payable within one year | 42/48 | €717,513 | €812,430 | +€94,918 | +13.2% |
| Current portion of amounts payable after more than one year | 42 | €82,213 | €133,491 | +€51,278 | +62.4% |
| Financial debts | 43 | €11,040 | €16,441 | +€5,402 | +48.9% |
| Credit institutions | 430/8 | €11,040 | €16,441 | +€5,402 | +48.9% |
| Trade debts | 44 | €291,349 | €293,864 | +€2,514 | +0.9% |
| Suppliers | 440/4 | €291,349 | €293,864 | +€2,514 | +0.9% |
| Taxes, remuneration and social security | 45 | €135,364 | €151,383 | +€16,019 | +11.8% |
| Taxes | 450/3 | €47,124 | €61,295 | +€14,171 | +30.1% |
| Remuneration and social security | 454/9 | €88,240 | €90,088 | +€1,848 | +2.1% |
| Other amounts payable | 47/48 | €197,547 | €217,251 | +€19,704 | +10.0% |
| Accrued charges and deferred income | 492/3 | €33,116 | €68,870 | +€35,753 | +108% |
| Remuneration, social security and pensions | 62 | €868,854 | €894,249 | +€25,395 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €122,092 | €104,518 | -€17,573 | -14.4% |
| Other operating charges | 640/8 | €3,038 | €2,954 | -€84 | -2.8% |
| Gross operating margin | 9900 | €1,133,562 | €1,159,203 | +€25,641 | +2.3% |
| Operating profit (loss) | 9901 | €139,579 | €157,482 | +€17,903 | +12.8% |
| Financial income | 75/76B | €436 | €110 | -€326 | -74.8% |
| Recurring financial income | 75 | €436 | €110 | -€326 | -74.8% |
| Financial charges | 65/66B | €30,657 | €22,067 | -€8,590 | -28.0% |
| Recurring financial charges | 65 | €30,657 | €22,067 | -€8,590 | -28.0% |
| Profit (loss) for the period before taxes | 9903 | €109,357 | €135,524 | +€26,167 | +23.9% |
| Income taxes | 67/77 | €30,294 | €36,771 | +€6,477 | +21.4% |
| Profit (loss) for the period | 9904 | €79,063 | €98,753 | +€19,690 | +24.9% |
| Profit (loss) for the period to be appropriated | 9905 | €79,063 | €98,753 | +€19,690 | +24.9% |
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 19 October 2026 via checked.be.