La Palette: 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.
La Palette
Largest movements
- Stocks and contracts -€7,517
no longer reported in 2025 (was €7,517)
- Financial fixed assets -€5,900
down €5,900 (-98.4%), from €5,995 to €95
- Receivables within one year -€4,791
down €4,791 (-89.3%), from €5,362 to €571
of which Other amounts receivable: -€2,425
- Cash -€3,308
down €3,308 (-8.3%), from €39,675 to €36,368
mainly Other debts (-€37,189) and Trade debts (-€5,994)
- Deferred charges and accrued income -€2,850
no longer reported in 2025 (was €2,850)
- Other debts -€37,189
no longer reported in 2025 (was €37,189)
- Profit (loss) carried forward +€16,715
up €16,715 (+12.2%), from -€136,750 to -€120,034
- Trade debts -€5,994
down €5,994 (-60.3%), from €9,939 to €3,946
- Tax, wage and social debts +€1,821
up €1,821 (+347%), from €525 to €2,346
- Short-term financial debts -€833
no longer reported in 2025 (was €833)
- Gross operating margin +€26,253
up €26,253, from -€2,096 to €24,158
- Taxes +€2,202
up €2,202 (+1,530%), from €144 to €2,346
- Depreciation -€1,029
down €1,029 (-48.0%), from €2,143 to €1,115
- Financial charges -€739
down €739 (-22.6%), from €3,273 to €2,535
- Other operating charges +€460
up €460 (+46.6%), from €987 to €1,447
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 | €63,630 | €38,149 | -€25,480 | -40.0% |
| Fixed assets | 21/28 | €8,225 | €1,210 | -€7,015 | -85.3% |
| Tangible fixed assets | 22/27 | €2,230 | €1,115 | -€1,115 | -50.0% |
| Furniture and vehicles | 24 | €2,230 | €1,115 | -€1,115 | -50.0% |
| Financial fixed assets | 28 | €5,995 | €95 | -€5,900 | -98.4% |
| Current assets | 29/58 | €55,405 | €36,939 | -€18,465 | -33.3% |
| Stocks and contracts in progress | 3 | €7,517 | - | -€7,517 | |
| Stocks | 30/36 | €7,517 | - | -€7,517 | |
| Amounts receivable within one year | 40/41 | €5,362 | €571 | -€4,791 | -89.3% |
| Trade receivables | 40 | €2,366 | - | -€2,366 | |
| Other amounts receivable | 41 | €2,996 | €571 | -€2,425 | -80.9% |
| Cash at bank and in hand | 54/58 | €39,675 | €36,368 | -€3,308 | -8.3% |
| Deferred charges and accrued income | 490/1 | €2,850 | - | -€2,850 | |
| Total equity and liabilities | 10/49 | €63,630 | €38,149 | -€25,480 | -40.0% |
| Equity | 10/15 | €15,143 | €31,858 | +€16,715 | +110% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Contributions outside capital | 11 | €18,592 | €18,592 | = | 0.0% |
| Other | 1109/19 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €133,301 | €133,301 | = | 0.0% |
| Non-distributable reserves | 130/1 | €18,301 | €18,301 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Other | 1319 | €16,441 | €16,441 | = | 0.0% |
| Distributable reserves | 133 | €115,000 | €115,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€136,750 | -€120,034 | +€16,715 | +12.2% |
| Amounts payable | 17/49 | €48,487 | €6,291 | -€42,196 | -87.0% |
| Amounts payable within one year | 42/48 | €48,487 | €6,291 | -€42,196 | -87.0% |
| Financial debts | 43 | €833 | - | -€833 | |
| Credit institutions | 430/8 | €833 | - | -€833 | |
| Trade debts | 44 | €9,939 | €3,946 | -€5,994 | -60.3% |
| Suppliers | 440/4 | €9,939 | €3,946 | -€5,994 | -60.3% |
| Taxes, remuneration and social security | 45 | €525 | €2,346 | +€1,821 | +347% |
| Taxes | 450/3 | €525 | €2,346 | +€1,821 | +347% |
| Other amounts payable | 47/48 | €37,189 | - | -€37,189 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,143 | €1,115 | -€1,029 | -48.0% |
| Other operating charges | 640/8 | €987 | €1,447 | +€460 | +46.6% |
| Non-recurring operating charges | 66A | €129,859 | - | -€129,859 | |
| Gross operating margin | 9900 | -€2,096 | €24,158 | +€26,253 | |
| Operating profit (loss) | 9901 | -€135,086 | €21,596 | +€156,681 | |
| Financial charges | 65/66B | €3,273 | €2,535 | -€739 | -22.6% |
| Recurring financial charges | 65 | €3,273 | €2,535 | -€739 | -22.6% |
| Profit (loss) for the period before taxes | 9903 | -€138,359 | €19,061 | +€157,420 | |
| Income taxes | 67/77 | €144 | €2,346 | +€2,202 | +1,530% |
| Profit (loss) for the period | 9904 | -€138,503 | €16,715 | +€155,218 | |
| Profit (loss) for the period to be appropriated | 9905 | -€138,503 | €16,715 | +€155,218 |
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 31 October 2026 via checked.be.