DI 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.
DI PALMA
Largest movements
- Receivables within one year +€168,689
up €168,689 (+341%), from €49,485 to €218,174
of which Other amounts receivable: +€147,416
- Receivables after one year -€117,000
down €117,000 (-58.5%), from €200,000 to €83,000
- Tangible fixed assets -€12,130
down €12,130 (-18.3%), from €66,350 to €54,220
of which Leasing and similar rights: -€8,215
- Other debts +€186,259
up €186,259 (+23,894%), from €780 to €187,038
- Reserves -€125,373
down €125,373 (-27.0%), from €464,996 to €339,623
of which Distributable reserves: -€121,653
- Debts after one year -€11,106
down €11,106 (-47.9%), from €23,191 to €12,085
- Trade debts -€9,614
down €9,614 (-9.2%), from €105,013 to €95,398
- Tax, wage and social debts +€8,020
up €8,020 (+21.8%), from €36,779 to €44,799
of which Taxes: +€5,071
- Financial charges +€47,380
up €47,380 (+840%), from €5,637 to €53,017
of which Financial charges: +€47,175
- Staff costs -€21,882
down €21,882 (-11.9%), from €183,935 to €162,054
- Gross operating margin -€17,712
down €17,712 (-5.1%), from €344,024 to €326,311
- Taxes -€15,351
down €15,351 (-33.4%), from €45,920 to €30,570
- Depreciation +€7,213
up €7,213 (+97.0%), from €7,433 to €14,645
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 | €681,741 | €721,696 | +€39,955 | +5.9% |
| Fixed assets | 21/28 | €67,223 | €55,093 | -€12,130 | -18.0% |
| Tangible fixed assets | 22/27 | €66,350 | €54,220 | -€12,130 | -18.3% |
| Plant, machinery and equipment | 23 | €1,056 | €749 | -€308 | -29.1% |
| Furniture and vehicles | 24 | €8,138 | €7,074 | -€1,064 | -13.1% |
| Leasing and similar rights | 25 | €39,459 | €31,244 | -€8,215 | -20.8% |
| Other tangible fixed assets | 26 | €17,697 | €15,153 | -€2,544 | -14.4% |
| Financial fixed assets | 28 | €873 | €873 | = | 0.0% |
| Current assets | 29/58 | €614,518 | €666,603 | +€52,085 | +8.5% |
| Amounts receivable after more than one year | 29 | €200,000 | €83,000 | -€117,000 | -58.5% |
| Other amounts receivable | 291 | €200,000 | €83,000 | -€117,000 | -58.5% |
| Stocks and contracts in progress | 3 | €14,860 | €7,844 | -€7,016 | -47.2% |
| Stocks | 30/36 | €14,860 | €7,844 | -€7,016 | -47.2% |
| Amounts receivable within one year | 40/41 | €49,485 | €218,174 | +€168,689 | +341% |
| Trade receivables | 40 | €23,038 | €44,312 | +€21,273 | +92.3% |
| Other amounts receivable | 41 | €26,447 | €173,863 | +€147,416 | +557% |
| Current investments | 50/53 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €244,288 | €248,112 | +€3,824 | +1.6% |
| Deferred charges and accrued income | 490/1 | €5,884 | €9,472 | +€3,588 | +61.0% |
| Total equity and liabilities | 10/49 | €681,741 | €721,696 | +€39,955 | +5.9% |
| Equity | 10/15 | €502,196 | €376,823 | -€125,373 | -25.0% |
| Contributions | 10/11 | €37,200 | €37,200 | = | 0.0% |
| Reserves | 13 | €464,996 | €339,623 | -€125,373 | -27.0% |
| Non-distributable reserves | 130/1 | €3,720 | - | -€3,720 | |
| Reserves not available under the articles | 1311 | €3,720 | - | -€3,720 | |
| Distributable reserves | 133 | €461,276 | €339,623 | -€121,653 | -26.4% |
| Amounts payable | 17/49 | €179,544 | €344,873 | +€165,328 | +92.1% |
| Amounts payable after more than one year | 17 | €23,191 | €12,085 | -€11,106 | -47.9% |
| Financial debts | 170/4 | €23,191 | €12,085 | -€11,106 | -47.9% |
| Amounts payable within one year | 42/48 | €155,831 | €332,788 | +€176,957 | +114% |
| Current portion of amounts payable after more than one year | 42 | €12,667 | €5,553 | -€7,114 | -56.2% |
| Trade debts | 44 | €105,013 | €95,398 | -€9,614 | -9.2% |
| Suppliers | 440/4 | €105,013 | €95,398 | -€9,614 | -9.2% |
| Advances received on contracts in progress | 46 | €594 | - | -€594 | |
| Taxes, remuneration and social security | 45 | €36,779 | €44,799 | +€8,020 | +21.8% |
| Taxes | 450/3 | €20,434 | €25,505 | +€5,071 | +24.8% |
| Remuneration and social security | 454/9 | €16,345 | €19,293 | +€2,949 | +18.0% |
| Other amounts payable | 47/48 | €780 | €187,038 | +€186,259 | +23,894% |
| Accrued charges and deferred income | 492/3 | €522 | - | -€522 | |
| Non-recurring operating income | 76A | €14,737 | - | -€14,737 | |
| Remuneration, social security and pensions | 62 | €183,935 | €162,054 | -€21,882 | -11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,433 | €14,645 | +€7,213 | +97.0% |
| Other operating charges | 640/8 | €1,634 | €409 | -€1,225 | -75.0% |
| Gross operating margin | 9900 | €344,024 | €326,311 | -€17,712 | -5.1% |
| Operating profit (loss) | 9901 | €151,021 | €149,203 | -€1,818 | -1.2% |
| Financial income | 75/76B | €8,880 | €9,051 | +€170 | +1.9% |
| Recurring financial income | 75 | €8,880 | €9,051 | +€170 | +1.9% |
| Financial charges | 65/66B | €5,637 | €53,017 | +€47,380 | +840% |
| Recurring financial charges | 65 | €5,637 | €52,812 | +€47,175 | +837% |
| Non-recurring financial charges | 66B | - | €204 | +€204 | |
| Profit (loss) for the period before taxes | 9903 | €154,264 | €105,237 | -€49,027 | -31.8% |
| Income taxes | 67/77 | €45,920 | €30,570 | -€15,351 | -33.4% |
| Profit (loss) for the period | 9904 | €108,344 | €74,667 | -€33,676 | -31.1% |
| Profit (loss) for the period to be appropriated | 9905 | €108,344 | €74,667 | -€33,676 | -31.1% |
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 23 October 2026 via checked.be.