M.GALLET: 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.
M.GALLET
Largest movements
- Cash -€6,356
down €6,356 (-45.5%), from €13,968 to €7,612
mainly Other debts (-€6,980) and Current investments (-€5,000)
- Current investments +€5,000
up €5,000 (+10.0%), from €50,000 to €55,000
- Tangible fixed assets -€3,143
down €3,143 (-3.4%), from €92,832 to €89,689
of which Land and buildings: -€2,722
- Receivables within one year -€1,983
down €1,983 (-18.0%), from €11,010 to €9,027
of which Trade receivables: -€7,751
- Other debts -€6,980
down €6,980 (-72.3%), from €9,652 to €2,672
- Reserves +€4,909
up €4,909 (+3.3%), from €150,304 to €155,213
- Trade debts -€3,594
down €3,594 (-56.7%), from €6,345 to €2,750
- Gross operating margin -€51,565
down €51,565 (-75.5%), from €68,326 to €16,761
- Taxes -€16,071
down €16,071 (-83.3%), from €19,293 to €3,222
- Financial charges -€1,252
down €1,252 (-27.4%), from €4,566 to €3,315
- Financial income -€696
down €696 (-79.5%), from €876 to €179
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 | €168,145 | €161,328 | -€6,817 | -4.1% |
| Fixed assets | 21/28 | €92,832 | €89,689 | -€3,143 | -3.4% |
| Tangible fixed assets | 22/27 | €92,832 | €89,689 | -€3,143 | -3.4% |
| Land and buildings | 22 | €87,638 | €84,916 | -€2,722 | -3.1% |
| Plant, machinery and equipment | 23 | €4,568 | €4,147 | -€421 | -9.2% |
| Furniture and vehicles | 24 | €626 | €626 | = | 0.0% |
| Current assets | 29/58 | €75,313 | €71,640 | -€3,674 | -4.9% |
| Amounts receivable within one year | 40/41 | €11,010 | €9,027 | -€1,983 | -18.0% |
| Trade receivables | 40 | €8,477 | €726 | -€7,751 | -91.4% |
| Other amounts receivable | 41 | €2,533 | €8,301 | +€5,768 | +227.8% |
| Current investments | 50/53 | €50,000 | €55,000 | +€5,000 | +10.0% |
| Cash at bank and in hand | 54/58 | €13,968 | €7,612 | -€6,356 | -45.5% |
| Deferred charges and accrued income | 490/1 | €336 | €0 | -€336 | -100.0% |
| Total equity and liabilities | 10/49 | €168,145 | €161,328 | -€6,817 | -4.1% |
| Equity | 10/15 | €150,304 | €155,213 | +€4,909 | +3.3% |
| Contributions | 10/11 | €0 | - | = | |
| Reserves | 13 | €150,304 | €155,213 | +€4,909 | +3.3% |
| Distributable reserves | 133 | €150,304 | €155,213 | +€4,909 | +3.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €17,841 | €6,115 | -€11,726 | -65.7% |
| Amounts payable within one year | 42/48 | €17,841 | €6,115 | -€11,726 | -65.7% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €6,345 | €2,750 | -€3,594 | -56.7% |
| Suppliers | 440/4 | €6,345 | €2,750 | -€3,594 | -56.7% |
| Taxes, remuneration and social security | 45 | €1,845 | €693 | -€1,151 | -62.4% |
| Taxes | 450/3 | €1,845 | €693 | -€1,151 | -62.4% |
| Other amounts payable | 47/48 | €9,652 | €2,672 | -€6,980 | -72.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,940 | €4,029 | +€89 | +2.3% |
| Other operating charges | 640/8 | €1,191 | €1,465 | +€274 | +23.0% |
| Gross operating margin | 9900 | €68,326 | €16,761 | -€51,565 | -75.5% |
| Operating profit (loss) | 9901 | €63,195 | €11,266 | -€51,929 | -82.2% |
| Financial income | 75/76B | €876 | €179 | -€696 | -79.5% |
| Recurring financial income | 75 | €876 | €179 | -€696 | -79.5% |
| Financial charges | 65/66B | €4,566 | €3,315 | -€1,252 | -27.4% |
| Recurring financial charges | 65 | €4,566 | €3,315 | -€1,252 | -27.4% |
| Profit (loss) for the period before taxes | 9903 | €59,504 | €8,131 | -€51,373 | -86.3% |
| Income taxes | 67/77 | €19,293 | €3,222 | -€16,071 | -83.3% |
| Profit (loss) for the period | 9904 | €40,211 | €4,909 | -€35,302 | -87.8% |
| Profit (loss) for the period to be appropriated | 9905 | €40,211 | €4,909 | -€35,302 | -87.8% |
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 10 October 2026 via checked.be.