Sandro 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.
Sandro GALEA
Largest movements
- Cash +€41,770
up €41,770 (+46.4%), from €90,117 to €131,886
mainly Net result for the year (+€59,375) and Depreciation (+€205)
- Receivables within one year +€14,152
up €14,152 (+59.3%), from €23,854 to €38,006
of which Other amounts receivable: +€13,493
- Profit (loss) carried forward +€59,375
up €59,375 (+78.2%), from €75,884 to €135,259
- Tax, wage and social debts -€3,467
down €3,467 (-10.6%), from €32,744 to €29,277
- Gross operating margin -€20,940
down €20,940 (-21.8%), from €96,030 to €75,090
- Taxes -€3,683
down €3,683 (-19.1%), from €19,250 to €15,567
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €114,406 | €170,223 | +€55,817 | +48.8% |
| Fixed assets | 21/28 | €435 | €230 | -€205 | -47.2% |
| Tangible fixed assets | 22/27 | €435 | €230 | -€205 | -47.2% |
| Furniture and vehicles | 24 | €435 | €230 | -€205 | -47.2% |
| Current assets | 29/58 | €113,971 | €169,993 | +€56,022 | +49.2% |
| Amounts receivable within one year | 40/41 | €23,854 | €38,006 | +€14,152 | +59.3% |
| Trade receivables | 40 | €16,112 | €16,771 | +€659 | +4.1% |
| Other amounts receivable | 41 | €7,742 | €21,235 | +€13,493 | +174% |
| Cash at bank and in hand | 54/58 | €90,117 | €131,886 | +€41,770 | +46.4% |
| Deferred charges and accrued income | 490/1 | - | €100 | +€100 | |
| Total equity and liabilities | 10/49 | €114,406 | €170,223 | +€55,817 | +48.8% |
| Equity | 10/15 | €78,884 | €138,259 | +€59,375 | +75.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €75,884 | €135,259 | +€59,375 | +78.2% |
| Amounts payable | 17/49 | €35,522 | €31,964 | -€3,558 | -10.0% |
| Amounts payable within one year | 42/48 | €35,312 | €31,964 | -€3,348 | -9.5% |
| Trade debts | 44 | €2,008 | €2,127 | +€119 | +5.9% |
| Suppliers | 440/4 | €2,008 | €2,127 | +€119 | +5.9% |
| Taxes, remuneration and social security | 45 | €32,744 | €29,277 | -€3,467 | -10.6% |
| Taxes | 450/3 | €32,744 | €29,277 | -€3,467 | -10.6% |
| Other amounts payable | 47/48 | €560 | €560 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €210 | - | -€210 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €181 | €205 | +€25 | +13.7% |
| Gross operating margin | 9900 | €96,030 | €75,090 | -€20,940 | -21.8% |
| Operating profit (loss) | 9901 | €95,849 | €74,885 | -€20,964 | -21.9% |
| Financial income | 75/76B | €238 | €1,033 | +€795 | +334% |
| Recurring financial income | 75 | €238 | €1,033 | +€795 | +334% |
| Financial charges | 65/66B | €154 | €976 | +€822 | +535% |
| Recurring financial charges | 65 | €154 | €976 | +€822 | +535% |
| Profit (loss) for the period before taxes | 9903 | €95,934 | €74,942 | -€20,992 | -21.9% |
| Income taxes | 67/77 | €19,250 | €15,567 | -€3,683 | -19.1% |
| Profit (loss) for the period | 9904 | €76,684 | €59,375 | -€17,309 | -22.6% |
| Profit (loss) for the period to be appropriated | 9905 | €76,684 | €59,375 | -€17,309 | -22.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2022 and 30 June 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.