Al Palma: what changed
Al Palma
Largest movements
- Tangible fixed assets +€13,467
up €13,467 (+193%), from €6,960 to €20,427
- Cash -€5,353
down €5,353 (-57.0%), from €9,394 to €4,041
mainly Investment in fixed assets (net) (-€15,999) and Net result for the year (-€1,258)
- Receivables within one year +€618
up €618 (+66.6%), from €928 to €1,546
of which Other amounts receivable: +€618
- Other debts +€9,634
up €9,634 (+78.9%), from €12,213 to €21,847
- Profit (loss) carried forward -€1,258
down €1,258 (-77.0%), from €1,635 to €377
- Trade debts +€1,156
up €1,156 (+70.7%), from €1,634 to €2,790
- Tax, wage and social debts -€800
no longer reported in 2025 (was €800)
- Gross operating margin -€1,950
down €1,950 (-43.2%), from €4,510 to €2,560
- Other operating charges +€1,155
new in 2025: €1,155
- Depreciation +€792
up €792 (+45.5%), from €1,740 to €2,532
- Financial charges -€134
down €134 (-50.6%), from €265 to €131
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,282 | €26,014 | +€8,732 | +50.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €6,960 | €20,427 | +€13,467 | +193% |
| Tangible fixed assets | 22/27 | €6,960 | €20,427 | +€13,467 | +193% |
| Furniture and vehicles | 24 | €6,960 | €20,427 | +€13,467 | +193% |
| Current assets | 29/58 | €10,322 | €5,587 | -€4,735 | -45.9% |
| Amounts receivable within one year | 40/41 | €928 | €1,546 | +€618 | +66.6% |
| Trade receivables | 40 | €0 | €0 | = | |
| Other amounts receivable | 41 | €928 | €1,546 | +€618 | +66.6% |
| Cash at bank and in hand | 54/58 | €9,394 | €4,041 | -€5,353 | -57.0% |
| Total equity and liabilities | 10/49 | €17,282 | €26,014 | +€8,732 | +50.5% |
| Equity | 10/15 | €2,635 | €1,377 | -€1,258 | -47.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,635 | €377 | -€1,258 | -77.0% |
| Amounts payable | 17/49 | €14,647 | €24,637 | +€9,990 | +68.2% |
| Amounts payable within one year | 42/48 | €14,647 | €24,637 | +€9,990 | +68.2% |
| Trade debts | 44 | €1,634 | €2,790 | +€1,156 | +70.7% |
| Suppliers | 440/4 | €1,634 | €2,790 | +€1,156 | +70.7% |
| Taxes, remuneration and social security | 45 | €800 | - | -€800 | |
| Remuneration and social security | 454/9 | €800 | - | -€800 | |
| Other amounts payable | 47/48 | €12,213 | €21,847 | +€9,634 | +78.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,740 | €2,532 | +€792 | +45.5% |
| Other operating charges | 640/8 | - | €1,155 | +€1,155 | |
| Gross operating margin | 9900 | €4,510 | €2,560 | -€1,950 | -43.2% |
| Operating profit (loss) | 9901 | €2,770 | -€1,128 | -€3,897 | |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €265 | €131 | -€134 | -50.6% |
| Recurring financial charges | 65 | €265 | €131 | -€134 | -50.6% |
| Profit (loss) for the period before taxes | 9903 | €2,507 | -€1,258 | -€3,766 | |
| Profit (loss) for the period | 9904 | €2,507 | -€1,258 | -€3,766 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,507 | -€1,258 | -€3,766 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.