DANIEL PALET: 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.
DANIEL PALET
Largest movements
- Tangible fixed assets -€14,660
down €14,660 (-26.6%), from €55,180 to €40,521
No liability line moved by more than 1% of the balance sheet total.
- Taxes +€5,244
up €5,244 (+10.6%), from €49,493 to €54,737
- Financial charges -€2,463
down €2,463 (-96.6%), from €2,550 to €87
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 | €788,316 | €778,942 | -€9,374 | -1.2% |
| Fixed assets | 21/28 | €55,180 | €40,521 | -€14,660 | -26.6% |
| Tangible fixed assets | 22/27 | €55,180 | €40,521 | -€14,660 | -26.6% |
| Furniture and vehicles | 24 | €55,180 | €40,521 | -€14,660 | -26.6% |
| Current assets | 29/58 | €733,135 | €738,421 | +€5,286 | +0.7% |
| Amounts receivable within one year | 40/41 | €8,315 | €9,912 | +€1,597 | +19.2% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €8,315 | €9,912 | +€1,597 | +19.2% |
| Current investments | 50/53 | €495,049 | €495,049 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €228,588 | €232,210 | +€3,622 | +1.6% |
| Deferred charges and accrued income | 490/1 | €1,184 | €1,251 | +€67 | +5.6% |
| Total equity and liabilities | 10/49 | €788,316 | €778,942 | -€9,374 | -1.2% |
| Equity | 10/15 | €755,546 | €748,119 | -€7,427 | -1.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €725,284 | €717,684 | -€7,600 | -1.0% |
| Distributable reserves | 133 | €725,284 | €717,684 | -€7,600 | -1.0% |
| Profit (loss) carried forward | 14 | €11,662 | €11,835 | +€173 | +1.5% |
| Amounts payable | 17/49 | €32,770 | €30,823 | -€1,947 | -5.9% |
| Amounts payable within one year | 42/48 | €32,770 | €30,823 | -€1,947 | -5.9% |
| Trade debts | 44 | €1,168 | €30 | -€1,137 | -97.4% |
| Suppliers | 440/4 | €1,168 | €30 | -€1,137 | -97.4% |
| Taxes, remuneration and social security | 45 | €24,163 | €23,544 | -€619 | -2.6% |
| Taxes | 450/3 | €24,163 | €23,544 | -€619 | -2.6% |
| Other amounts payable | 47/48 | €7,440 | €7,249 | -€191 | -2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,820 | €15,877 | +€56 | +0.4% |
| Other operating charges | 640/8 | €1,639 | €644 | -€995 | -60.7% |
| Gross operating margin | 9900 | €182,801 | €181,927 | -€874 | -0.5% |
| Operating profit (loss) | 9901 | €165,341 | €165,406 | +€65 | 0.0% |
| Financial income | 75/76B | €4,972 | €4,590 | -€382 | -7.7% |
| Recurring financial income | 75 | €4,972 | €4,590 | -€382 | -7.7% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €2,550 | €87 | -€2,463 | -96.6% |
| Recurring financial charges | 65 | €2,550 | €87 | -€2,463 | -96.6% |
| Profit (loss) for the period before taxes | 9903 | €167,764 | €169,910 | +€2,146 | +1.3% |
| Income taxes | 67/77 | €49,493 | €54,737 | +€5,244 | +10.6% |
| Profit (loss) for the period | 9904 | €118,272 | €115,173 | -€3,098 | -2.6% |
| Profit (loss) for the period to be appropriated | 9905 | €118,272 | €115,173 | -€3,098 | -2.6% |
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 7 October 2026 via checked.be.