FAT PALERMO: 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.
FAT PALERMO
Largest movements
- Receivables within one year -€27,091
down €27,091 (-48.4%), from €55,927 to €28,837
of which Trade receivables: -€28,706
- Tangible fixed assets +€23,544
up €23,544 (+49.3%), from €47,765 to €71,309
of which Plant, machinery and equipment: +€20,084
- Cash +€10,159
new in 2024: €10,159
mainly Receivables within one year (+€27,091) and Other debts (+€18,565)
- Other debts +€18,565
up €18,565 (+138%), from €13,462 to €32,027
- Profit (loss) carried forward -€8,297
down €8,297, from €532 to -€7,766
- Trade debts -€6,738
down €6,738 (-26.9%), from €25,055 to €18,318
- Tax, wage and social debts -€4,489
down €4,489 (-38.0%), from €11,803 to €7,313
- Current portion of long-term debt +€2,893
new in 2024: €2,893
- Depreciation +€7,293
up €7,293 (+169%), from €4,310 to €11,603
- Gross operating margin -€6,299
down €6,299 (-31.1%), from €20,231 to €13,931
- Financial charges +€3,765
up €3,765 (+305%), from €1,235 to €5,000
- Taxes -€1,778
down €1,778 (-24.5%), from €7,263 to €5,486
- Financial income -€683
down €683 (-86.0%), from €794 to €112
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €103,773 | €110,510 | +€6,736 | +6.5% |
| Fixed assets | 21/28 | €47,765 | €71,309 | +€23,544 | +49.3% |
| Tangible fixed assets | 22/27 | €47,765 | €71,309 | +€23,544 | +49.3% |
| Land and buildings | 22 | €16,926 | €16,372 | -€555 | -3.3% |
| Plant, machinery and equipment | 23 | €21,677 | €41,761 | +€20,084 | +92.7% |
| Furniture and vehicles | 24 | €6,620 | €10,860 | +€4,240 | +64.0% |
| Other tangible fixed assets | 26 | €2,542 | €2,317 | -€225 | -8.9% |
| Current assets | 29/58 | €56,009 | €39,201 | -€16,808 | -30.0% |
| Amounts receivable within one year | 40/41 | €55,927 | €28,837 | -€27,091 | -48.4% |
| Trade receivables | 40 | €55,927 | €27,221 | -€28,706 | -51.3% |
| Other amounts receivable | 41 | - | €1,615 | +€1,615 | |
| Cash at bank and in hand | 54/58 | - | €10,159 | +€10,159 | |
| Deferred charges and accrued income | 490/1 | €81 | €205 | +€123 | +152% |
| Total equity and liabilities | 10/49 | €103,773 | €110,510 | +€6,736 | +6.5% |
| Equity | 10/15 | €41,196 | €32,899 | -€8,297 | -20.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €28,264 | €28,264 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,264 | €1,264 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,264 | €1,264 | = | 0.0% |
| Distributable reserves | 133 | €27,000 | €27,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €532 | -€7,766 | -€8,297 | |
| Amounts payable | 17/49 | €62,577 | €77,611 | +€15,034 | +24.0% |
| Amounts payable after more than one year | 17 | €3,910 | €6,600 | +€2,690 | +68.8% |
| Financial debts | 170/4 | €3,910 | €6,600 | +€2,690 | +68.8% |
| Amounts payable within one year | 42/48 | €58,357 | €69,187 | +€10,830 | +18.6% |
| Current portion of amounts payable after more than one year | 42 | - | €2,893 | +€2,893 | |
| Financial debts | 43 | €927 | €1,526 | +€599 | +64.6% |
| Credit institutions | 430/8 | €927 | €1,526 | +€599 | +64.6% |
| Trade debts | 44 | €25,055 | €18,318 | -€6,738 | -26.9% |
| Suppliers | 440/4 | €25,055 | €18,318 | -€6,738 | -26.9% |
| Advances received on contracts in progress | 46 | €7,110 | €7,110 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €11,803 | €7,313 | -€4,489 | -38.0% |
| Taxes | 450/3 | €11,803 | €7,313 | -€4,489 | -38.0% |
| Other amounts payable | 47/48 | €13,462 | €32,027 | +€18,565 | +138% |
| Accrued charges and deferred income | 492/3 | €310 | €1,824 | +€1,514 | +488% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,310 | €11,603 | +€7,293 | +169% |
| Other operating charges | 640/8 | €112 | €251 | +€139 | +124% |
| Gross operating margin | 9900 | €20,231 | €13,931 | -€6,299 | -31.1% |
| Operating profit (loss) | 9901 | €15,808 | €2,077 | -€13,731 | -86.9% |
| Financial income | 75/76B | €794 | €112 | -€683 | -86.0% |
| Recurring financial income | 75 | €794 | €112 | -€683 | -86.0% |
| Financial charges | 65/66B | €1,235 | €5,000 | +€3,765 | +305% |
| Recurring financial charges | 65 | €1,235 | €5,000 | +€3,765 | +305% |
| Profit (loss) for the period before taxes | 9903 | €15,367 | -€2,812 | -€18,179 | |
| Income taxes | 67/77 | €7,263 | €5,486 | -€1,778 | -24.5% |
| Profit (loss) for the period | 9904 | €8,104 | -€8,297 | -€16,401 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,104 | -€8,297 | -€16,401 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.