FAPECO PALMAN: 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.
FAPECO PALMAN
Largest movements
- Receivables within one year +€108,020
up €108,020 (+148%), from €72,917 to €180,936
of which Trade receivables: +€129,651
- Tangible fixed assets +€31,943
up €31,943 (+20.1%), from €159,015 to €190,958
of which Furniture and vehicles: +€65,735
- Other debts +€102,759
up €102,759 (+3,450%), from €2,979 to €105,738
- Trade debts +€73,815
up €73,815 (+146%), from €50,477 to €124,292
- Provisions -€20,000
no longer reported in 2025 (was €20,000)
- Tax, wage and social debts -€17,809
down €17,809 (-46.3%), from €38,437 to €20,628
- Turnover -€68,423
down €68,423 (-30.4%), from €225,123 to €156,700
- Gross operating margin -€36,274
down €36,274 (-29.9%), from €121,384 to €85,111
- Purchases and services -€32,150
down €32,150 (-31.0%), from €103,738 to €71,589
- Provisions -€20,000
no longer reported in 2025 (was €20,000)
- Financial charges +€8,322
up €8,322 (+1,068%), from €779 to €9,102
From the 2022 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2022 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €240,432 | €382,628 | +€142,196 | +59.1% |
| Fixed assets | 21/28 | €159,015 | €190,958 | +€31,943 | +20.1% |
| Tangible fixed assets | 22/27 | €159,015 | €190,958 | +€31,943 | +20.1% |
| Land and buildings | 22 | €68,049 | €62,457 | -€5,592 | -8.2% |
| Furniture and vehicles | 24 | €62,767 | €128,502 | +€65,735 | +105% |
| Leasing and similar rights | 25 | €28,200 | €0 | -€28,200 | -100% |
| Current assets | 29/58 | €81,417 | €191,669 | +€110,253 | +135% |
| Amounts receivable within one year | 40/41 | €72,917 | €180,936 | +€108,020 | +148% |
| Trade receivables | 40 | €605 | €130,256 | +€129,651 | +21,430% |
| Other amounts receivable | 41 | €72,312 | €50,680 | -€21,631 | -29.9% |
| Cash at bank and in hand | 54/58 | €2,001 | €1,049 | -€952 | -47.6% |
| Deferred charges and accrued income | 490/1 | €6,499 | €9,684 | +€3,185 | +49.0% |
| Total equity and liabilities | 10/49 | €240,432 | €382,628 | +€142,196 | +59.1% |
| Equity | 10/15 | €122,194 | €122,922 | +€727 | +0.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | - | €20,000 | +€20,000 | |
| Issued capital | 100 | - | €20,000 | +€20,000 | |
| Reserves | 13 | €56,752 | €56,752 | = | 0.0% |
| Distributable reserves | 133 | €56,752 | €56,752 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,443 | €46,170 | +€727 | +1.6% |
| Provisions and deferred taxes | 16 | €20,000 | - | -€20,000 | |
| Provisions for liabilities and charges | 160/5 | €20,000 | - | -€20,000 | |
| Major repairs and maintenance | 162 | €20,000 | - | -€20,000 | |
| Amounts payable | 17/49 | €98,237 | €259,706 | +€161,469 | +164% |
| Amounts payable within one year | 42/48 | €91,894 | €250,658 | +€158,764 | +173% |
| Trade debts | 44 | €50,477 | €124,292 | +€73,815 | +146% |
| Suppliers | 440/4 | €50,477 | €124,292 | +€73,815 | +146% |
| Taxes, remuneration and social security | 45 | €38,437 | €20,628 | -€17,809 | -46.3% |
| Taxes | 450/3 | €38,437 | €20,628 | -€17,809 | -46.3% |
| Other amounts payable | 47/48 | €2,979 | €105,738 | +€102,759 | +3,450% |
| Accrued charges and deferred income | 492/3 | €6,344 | €9,048 | +€2,705 | +42.6% |
| Turnover | 70 | €225,123 | €156,700 | -€68,423 | -30.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €103,738 | €71,589 | -€32,150 | -31.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,149 | €64,692 | +€5,543 | +9.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €20,000 | - | -€20,000 | |
| Other operating charges | 640/8 | €9,498 | €2,227 | -€7,271 | -76.6% |
| Gross operating margin | 9900 | €121,384 | €85,111 | -€36,274 | -29.9% |
| Operating profit (loss) | 9901 | €32,738 | €18,192 | -€14,546 | -44.4% |
| Financial income | 75/76B | €1,006 | - | -€1,006 | |
| Recurring financial income | 75 | €1,006 | - | -€1,006 | |
| Financial charges | 65/66B | €779 | €9,102 | +€8,322 | +1,068% |
| Recurring financial charges | 65 | €779 | €9,102 | +€8,322 | +1,068% |
| Profit (loss) for the period before taxes | 9903 | €32,965 | €9,090 | -€23,875 | -72.4% |
| Income taxes | 67/77 | €9,074 | €1,763 | -€7,311 | -80.6% |
| Profit (loss) for the period | 9904 | €23,890 | €7,327 | -€16,563 | -69.3% |
| Profit (loss) for the period to be appropriated | 9905 | €23,890 | €7,327 | -€16,563 | -69.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.