CONSTANCE PALM: 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.
CONSTANCE PALM
Largest movements
- Receivables within one year +€13,889
up €13,889 (+2846.1%), from €488 to €14,377
- Tangible fixed assets +€5,057
up €5,057 (+44.1%), from €11,474 to €16,531
of which Plant, machinery and equipment: +€4,493
- Cash -€1,151
down €1,151 (-9.1%), from €12,615 to €11,464
mainly Receivables within one year (-€13,889) and Investment in fixed assets (net) (-€8,475)
- Deferred charges and accrued income +€731
up €731 (+27.2%), from €2,690 to €3,421
- Profit (loss) carried forward +€21,769
up €21,769 (+134.5%), from €16,180 to €37,949
- Tax, wage and social debts -€3,359
down €3,359 (-50.1%), from €6,703 to €3,344
- Gross operating margin +€6,946
up €6,946 (+28.3%), from €24,516 to €31,462
- Taxes +€1,641
up €1,641 (+32.5%), from €5,053 to €6,694
- Financial income +€491
up €491 (+49100.0%), from €1 to €492
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 | €27,267 | €45,793 | +€18,526 | +67.9% |
| Fixed assets | 21/28 | €11,474 | €16,531 | +€5,057 | +44.1% |
| Tangible fixed assets | 22/27 | €11,474 | €16,531 | +€5,057 | +44.1% |
| Plant, machinery and equipment | 23 | €1,755 | €6,248 | +€4,493 | +256.0% |
| Furniture and vehicles | 24 | €9,719 | €10,283 | +€564 | +5.8% |
| Current assets | 29/58 | €15,793 | €29,262 | +€13,469 | +85.3% |
| Amounts receivable within one year | 40/41 | €488 | €14,377 | +€13,889 | +2846.1% |
| Other amounts receivable | 41 | €488 | €14,377 | +€13,889 | +2846.1% |
| Cash at bank and in hand | 54/58 | €12,615 | €11,464 | -€1,151 | -9.1% |
| Deferred charges and accrued income | 490/1 | €2,690 | €3,421 | +€731 | +27.2% |
| Total equity and liabilities | 10/49 | €27,267 | €45,793 | +€18,526 | +67.9% |
| Equity | 10/15 | €18,680 | €40,449 | +€21,769 | +116.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,180 | €37,949 | +€21,769 | +134.5% |
| Amounts payable | 17/49 | €8,587 | €5,344 | -€3,243 | -37.8% |
| Amounts payable within one year | 42/48 | €8,587 | €5,344 | -€3,243 | -37.8% |
| Trade debts | 44 | €1,884 | €2,000 | +€116 | +6.2% |
| Suppliers | 440/4 | €1,884 | €2,000 | +€116 | +6.2% |
| Taxes, remuneration and social security | 45 | €6,703 | €3,344 | -€3,359 | -50.1% |
| Taxes | 450/3 | €6,703 | €3,344 | -€3,359 | -50.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,219 | €3,418 | +€199 | +6.2% |
| Gross operating margin | 9900 | €24,516 | €31,462 | +€6,946 | +28.3% |
| Operating profit (loss) | 9901 | €21,297 | €28,044 | +€6,747 | +31.7% |
| Financial income | 75/76B | €1 | €492 | +€491 | +49100.0% |
| Recurring financial income | 75 | €1 | €492 | +€491 | +49100.0% |
| Financial charges | 65/66B | €65 | €73 | +€8 | +12.3% |
| Recurring financial charges | 65 | €65 | €73 | +€8 | +12.3% |
| Profit (loss) for the period before taxes | 9903 | €21,233 | €28,463 | +€7,230 | +34.1% |
| Income taxes | 67/77 | €5,053 | €6,694 | +€1,641 | +32.5% |
| Profit (loss) for the period | 9904 | €16,180 | €21,769 | +€5,589 | +34.5% |
| Profit (loss) for the period to be appropriated | 9905 | €16,180 | €21,769 | +€5,589 | +34.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.