AB PALMA: 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.
AB PALMA
Largest movements
- Tangible fixed assets -€321,027
down €321,027 (-30.9%), from €1.0m to €718,374
- Cash +€189,238
up €189,238 (+621%), from €30,495 to €219,733
mainly Investment in fixed assets (net) (+€282,396) and Other debts (+€75,046)
- Profit (loss) carried forward -€200,472
down €200,472 (-16.3%), from -€1.2m to -€1.4m
- Other debts +€75,046
new in 2025: €75,046
- Depreciation -€8,987
down €8,987 (-18.9%), from €47,618 to €38,631
- Gross operating margin +€3,591
up €3,591 (+11.6%), from €31,035 to €34,626
- Financial charges -€1,870
down €1,870 (-71.0%), from €2,633 to €763
- Other operating charges +€1,560
up €1,560 (+10.7%), from €14,516 to €16,076
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 | €1,285,039 | €1,148,813 | -€136,226 | -10.6% |
| Fixed assets | 21/28 | €1,039,401 | €718,374 | -€321,027 | -30.9% |
| Tangible fixed assets | 22/27 | €1,039,401 | €718,374 | -€321,027 | -30.9% |
| Land and buildings | 22 | €1,039,401 | €718,374 | -€321,027 | -30.9% |
| Current assets | 29/58 | €245,638 | €430,439 | +€184,801 | +75.2% |
| Amounts receivable within one year | 40/41 | €215,143 | €210,706 | -€4,437 | -2.1% |
| Other amounts receivable | 41 | €215,143 | €210,706 | -€4,437 | -2.1% |
| Cash at bank and in hand | 54/58 | €30,495 | €219,733 | +€189,238 | +621% |
| Total equity and liabilities | 10/49 | €1,285,039 | €1,148,813 | -€136,226 | -10.6% |
| Equity | 10/15 | €1,263,408 | €1,062,936 | -€200,472 | -15.9% |
| Contributions | 10/11 | €2,169,068 | €2,169,068 | = | 0.0% |
| Capital | 10 | €2,169,068 | €2,169,068 | = | 0.0% |
| Issued capital | 100 | €2,169,068 | €2,169,068 | = | 0.0% |
| Reserves | 13 | €321,855 | €321,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,555 | €2,555 | = | 0.0% |
| Legal reserve | 130 | €2,555 | €2,555 | = | 0.0% |
| Distributable reserves | 133 | €319,300 | €319,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,227,515 | -€1,427,987 | -€200,472 | -16.3% |
| Amounts payable | 17/49 | €21,631 | €85,877 | +€64,246 | +297% |
| Amounts payable after more than one year | 17 | €4,955 | - | -€4,955 | |
| Financial debts | 170/4 | €4,955 | - | -€4,955 | |
| Amounts payable within one year | 42/48 | €16,676 | €85,877 | +€69,201 | +415% |
| Current portion of amounts payable after more than one year | 42 | €16,484 | €4,955 | -€11,529 | -69.9% |
| Trade debts | 44 | €192 | €5,836 | +€5,644 | +2,940% |
| Suppliers | 440/4 | €192 | €5,836 | +€5,644 | +2,940% |
| Taxes, remuneration and social security | 45 | - | €40 | +€40 | |
| Taxes | 450/3 | - | €40 | +€40 | |
| Other amounts payable | 47/48 | - | €75,046 | +€75,046 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,618 | €38,631 | -€8,987 | -18.9% |
| Other operating charges | 640/8 | €14,516 | €16,076 | +€1,560 | +10.7% |
| Non-recurring operating charges | 66A | €155,144 | €29,628 | -€125,516 | -80.9% |
| Gross operating margin | 9900 | €31,035 | €34,626 | +€3,591 | +11.6% |
| Operating profit (loss) | 9901 | -€186,243 | -€49,709 | +€136,534 | +73.3% |
| Financial charges | 65/66B | €2,633 | €763 | -€1,870 | -71.0% |
| Recurring financial charges | 65 | €2,633 | €763 | -€1,870 | -71.0% |
| Profit (loss) for the period before taxes | 9903 | -€188,876 | -€50,472 | +€138,404 | +73.3% |
| Transfer from deferred taxes | 780 | €387 | - | -€387 | |
| Profit (loss) for the period | 9904 | -€188,489 | -€50,472 | +€138,017 | +73.2% |
| Transfer from tax-exempt reserves | 789 | €17,666 | - | -€17,666 | |
| Profit (loss) for the period to be appropriated | 9905 | -€170,823 | -€50,472 | +€120,351 | +70.5% |
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 20 October 2026 via checked.be.