Dr. Palit: 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.
Dr. Palit
Largest movements
- Receivables within one year +€113,684
up €113,684 (+35.6%), from €319,645 to €433,328
of which Other amounts receivable: +€118,550
- Cash -€28,966
down €28,966 (-46.8%), from €61,929 to €32,963
mainly Receivables within one year (-€113,684) and Debts after one year (-€22,038)
- Deferred charges and accrued income +€14,782
new in 2025: €14,782
- Reserves +€123,294
up €123,294 (+29.4%), from €419,426 to €542,719
of which Distributable reserves: +€123,294
- Debts after one year -€22,038
down €22,038 (-15.2%), from €145,118 to €123,080
- Gross operating margin -€14,154
down €14,154 (-7.0%), from €203,087 to €188,933
- Taxes -€8,892
down €8,892 (-13.1%), from €67,972 to €59,081
- Financial income +€8,769
up €8,769 (+41.4%), from €21,202 to €29,970
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 | €923,148 | €1,019,214 | +€96,066 | +10.4% |
| Fixed assets | 21/28 | €271,575 | €268,141 | -€3,434 | -1.3% |
| Tangible fixed assets | 22/27 | €266,575 | €263,141 | -€3,434 | -1.3% |
| Land and buildings | 22 | €262,939 | €248,953 | -€13,986 | -5.3% |
| Plant, machinery and equipment | 23 | €1,824 | €1,463 | -€361 | -19.8% |
| Furniture and vehicles | 24 | €1,812 | €7,874 | +€6,062 | +334.6% |
| Other tangible fixed assets | 26 | - | €4,850 | +€4,850 | |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €651,573 | €751,074 | +€99,500 | +15.3% |
| Amounts receivable after more than one year | 29 | €270,000 | €270,000 | = | 0.0% |
| Trade receivables | 290 | €270,000 | €270,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €319,645 | €433,328 | +€113,684 | +35.6% |
| Trade receivables | 40 | €4,867 | - | -€4,867 | |
| Other amounts receivable | 41 | €314,778 | €433,328 | +€118,550 | +37.7% |
| Cash at bank and in hand | 54/58 | €61,929 | €32,963 | -€28,966 | -46.8% |
| Deferred charges and accrued income | 490/1 | - | €14,782 | +€14,782 | |
| Total equity and liabilities | 10/49 | €923,148 | €1,019,214 | +€96,066 | +10.4% |
| Equity | 10/15 | €713,808 | €837,102 | +€123,294 | +17.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €419,426 | €542,719 | +€123,294 | +29.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €246 | €246 | = | 0.0% |
| Distributable reserves | 133 | €417,320 | €540,613 | +€123,294 | +29.5% |
| Profit (loss) carried forward | 14 | €281,983 | €281,983 | = | 0.0% |
| Amounts payable | 17/49 | €209,340 | €182,112 | -€27,228 | -13.0% |
| Amounts payable after more than one year | 17 | €145,118 | €123,080 | -€22,038 | -15.2% |
| Financial debts | 170/4 | €145,118 | €123,080 | -€22,038 | -15.2% |
| Amounts payable within one year | 42/48 | €64,222 | €59,032 | -€5,190 | -8.1% |
| Current portion of amounts payable after more than one year | 42 | €21,655 | €22,038 | +€383 | +1.8% |
| Financial debts | 43 | €11,667 | €11,667 | = | 0.0% |
| Credit institutions | 430/8 | €11,667 | €11,667 | = | 0.0% |
| Trade debts | 44 | €7,350 | €3,244 | -€4,106 | -55.9% |
| Suppliers | 440/4 | €7,350 | €3,244 | -€4,106 | -55.9% |
| Taxes, remuneration and social security | 45 | €23,550 | €22,084 | -€1,466 | -6.2% |
| Taxes | 450/3 | €19,699 | €19,575 | -€123 | -0.6% |
| Remuneration and social security | 454/9 | €3,851 | €2,509 | -€1,343 | -34.9% |
| Non-recurring operating income | 76A | €17,500 | - | -€17,500 | |
| Remuneration, social security and pensions | 62 | €13,311 | €13,811 | +€500 | +3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,129 | €15,025 | -€103 | -0.7% |
| Other operating charges | 640/8 | €1,388 | €2,556 | +€1,167 | +84.1% |
| Gross operating margin | 9900 | €203,087 | €188,933 | -€14,154 | -7.0% |
| Operating profit (loss) | 9901 | €173,258 | €157,541 | -€15,718 | -9.1% |
| Financial income | 75/76B | €21,202 | €29,970 | +€8,769 | +41.4% |
| Recurring financial income | 75 | €21,202 | €29,970 | +€8,769 | +41.4% |
| Financial charges | 65/66B | €5,942 | €5,137 | -€805 | -13.5% |
| Recurring financial charges | 65 | €5,942 | €5,137 | -€805 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | €188,518 | €182,374 | -€6,144 | -3.3% |
| Income taxes | 67/77 | €67,972 | €59,081 | -€8,892 | -13.1% |
| Profit (loss) for the period | 9904 | €120,546 | €123,294 | +€2,748 | +2.3% |
| Profit (loss) for the period to be appropriated | 9905 | €120,546 | €123,294 | +€2,748 | +2.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.