SR.Galea: what changed
Two fiscal 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.
SR.Galea
Largest movements
- Receivables within one year +€46,129
up €46,129 (+170.3%), from €27,081 to €73,210
of which Trade receivables: +€44,124
- Tangible fixed assets +€10,203
new in 2024: €10,203
of which Furniture and vehicles: +€5,836
- Deferred charges and accrued income +€1,582
new in 2024: €1,582
- Cash +€1,553
up €1,553 (+14.5%), from €10,703 to €12,255
mainly Net result for the year (+€19,379) and Debts after one year (+€13,306)
- Reserves +€19,379
up €19,379 (+141.8%), from €13,670 to €33,049
- Debts after one year +€13,306
new in 2024: €13,306
- Trade debts +€13,138
up €13,138 (+75.6%), from €17,381 to €30,518
- Tax, wage and social debts +€7,922
up €7,922 (+173.9%), from €4,557 to €12,479
of which Taxes: +€5,922
- Other debts +€4,078
up €4,078 (+2312.3%), from €176 to €4,254
- Gross operating margin +€11,870
up €11,870 (+63.4%), from €18,716 to €30,587
- Taxes +€4,732
up €4,732 (+103.9%), from €4,557 to €9,289
- Depreciation +€1,041
new in 2024: €1,041
- Financial charges +€348
up €348 (+331.0%), from €105 to €453
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 | €37,784 | €97,250 | +€59,466 | +157.4% |
| Fixed assets | 21/28 | - | €10,203 | +€10,203 | |
| Tangible fixed assets | 22/27 | - | €10,203 | +€10,203 | |
| Plant, machinery and equipment | 23 | - | €4,367 | +€4,367 | |
| Furniture and vehicles | 24 | - | €5,836 | +€5,836 | |
| Current assets | 29/58 | €37,784 | €87,047 | +€49,263 | +130.4% |
| Amounts receivable within one year | 40/41 | €27,081 | €73,210 | +€46,129 | +170.3% |
| Trade receivables | 40 | €21,062 | €65,186 | +€44,124 | +209.5% |
| Other amounts receivable | 41 | €6,019 | €8,024 | +€2,004 | +33.3% |
| Cash at bank and in hand | 54/58 | €10,703 | €12,255 | +€1,553 | +14.5% |
| Deferred charges and accrued income | 490/1 | - | €1,582 | +€1,582 | |
| Total equity and liabilities | 10/49 | €37,784 | €97,250 | +€59,466 | +157.4% |
| Equity | 10/15 | €15,670 | €35,049 | +€19,379 | +123.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €13,670 | €33,049 | +€19,379 | +141.8% |
| Distributable reserves | 133 | €13,670 | €33,049 | +€19,379 | +141.8% |
| Amounts payable | 17/49 | €22,114 | €62,201 | +€40,087 | +181.3% |
| 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 | €22,114 | €48,895 | +€26,781 | +121.1% |
| Current portion of amounts payable after more than one year | 42 | - | €1,644 | +€1,644 | |
| Trade debts | 44 | €17,381 | €30,518 | +€13,138 | +75.6% |
| Suppliers | 440/4 | €17,381 | €30,518 | +€13,138 | +75.6% |
| Taxes, remuneration and social security | 45 | €4,557 | €12,479 | +€7,922 | +173.9% |
| Taxes | 450/3 | €4,557 | €10,479 | +€5,922 | +130.0% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €176 | €4,254 | +€4,078 | +2312.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,041 | +€1,041 | |
| Other operating charges | 640/8 | €384 | €425 | +€40 | +10.4% |
| Gross operating margin | 9900 | €18,716 | €30,587 | +€11,870 | +63.4% |
| Operating profit (loss) | 9901 | €18,332 | €29,121 | +€10,789 | +58.9% |
| Financial charges | 65/66B | €105 | €453 | +€348 | +331.0% |
| Recurring financial charges | 65 | €105 | €453 | +€348 | +331.0% |
| Profit (loss) for the period before taxes | 9903 | €18,227 | €28,668 | +€10,441 | +57.3% |
| Income taxes | 67/77 | €4,557 | €9,289 | +€4,732 | +103.9% |
| Profit (loss) for the period | 9904 | €13,670 | €19,379 | +€5,709 | +41.8% |
| Profit (loss) for the period to be appropriated | 9905 | €13,670 | €19,379 | +€5,709 | +41.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.