Le Palace: 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.
What changed
Le Palace
NACE 59.140, Motion picture, video and television programme production, sound recording and music publishing activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€150,442
2024 · €73,191+€77,251
Equity
€865,358
2024 · €1.3m-€417,903
Cash
€245,281
2024 · €241,660+€3,621
Balance sheet total
€6.9m
2024 · €7.9m-€1.0m
Largest movements
Assets
- Tangible fixed assets -€557,166
down €557,166 (-22.9%), from €2.4m to €1.9m
of which Other tangible fixed assets: -€566,929
- Receivables after one year -€343,580
down €343,580 (-7.3%), from €4.7m to €4.3m
- Receivables within one year -€141,621
down €141,621 (-25.7%), from €550,771 to €409,151
of which Other amounts receivable: -€131,213
Equity and liabilities
- Investment grants -€568,345
down €568,345 (-23.0%), from €2.5m to €1.9m
- Debts after one year -€427,640
down €427,640 (-8.8%), from €4.9m to €4.4m
- Profit (loss) carried forward +€150,442
up €150,442 (+12.7%), from -€1.2m to -€1.0m
- Debts within one year -€136,290
down €136,290 (-11.6%), from €1.2m to €1.0m
of which Current portion of long-term debt: -€131,788
Income statement
- Staff costs +€60,694
up €60,694 (+6.9%), from €876,583 to €937,277
- Depreciation -€48,995
down €48,995 (-7.4%), from €659,251 to €610,256
- Gross operating margin +€23,390
up €23,390 (+1.4%), from €1.7m to €1.7m
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.
Result 2024
€73,191
Gross operating margin
+€23,390
Staff costs
-€60,694
Depreciation
+€48,995
Other operating charges
+€5,243
Other operating items
+€55,155
Financial income
-€4,246
Financial charges
+€9,409
Result 2025
€150,442
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.1m
Investment
-€53,090
Financing
-€995,985
Cash 2024
€241,660
From operations (derived)
+€1.1m
Net result for the year
+€150,442
Depreciation
+€610,256
Receivables after one year
+€343,580
Receivables within one year
+€141,621
Deferred charges and accrued income
-€247
Provisions
-€69,342
Debts within one year
-€136,290
Accrued charges and deferred income
+€12,676
Investment (derived)
-€53,090
Investment in fixed assets (net)
-€53,090
Financing
-€995,985
Debts after one year
-€427,640
Contributions, distributions and other
-€568,345
Cash 2025
€245,281
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,910,389 | €6,871,890 | -€1.0m | -13.1% |
| Fixed assets | 21/28 | €2,434,530 | €1,877,364 | -€557,166 | -22.9% |
| Tangible fixed assets | 22/27 | €2,429,530 | €1,872,364 | -€557,166 | -22.9% |
| Plant, machinery and equipment | 23 | €27,206 | €25,026 | -€2,181 | -8.0% |
| Furniture and vehicles | 24 | €98,392 | €85,250 | -€13,141 | -13.4% |
| Other tangible fixed assets | 26 | €2,303,932 | €1,737,003 | -€566,929 | -24.6% |
| Assets under construction and advance payments | 27 | - | €25,084 | +€25,084 | |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €5,475,859 | €4,994,527 | -€481,333 | -8.8% |
| Amounts receivable after more than one year | 29 | €4,679,962 | €4,336,383 | -€343,580 | -7.3% |
| Other amounts receivable | 291 | €4,679,962 | €4,336,383 | -€343,580 | -7.3% |
| Amounts receivable within one year | 40/41 | €550,771 | €409,151 | -€141,621 | -25.7% |
| Trade receivables | 40 | €62,834 | €52,427 | -€10,407 | -16.6% |
| Other amounts receivable | 41 | €487,937 | €356,724 | -€131,213 | -26.9% |
| Cash at bank and in hand | 54/58 | €241,660 | €245,281 | +€3,621 | +1.5% |
| Deferred charges and accrued income | 490/1 | €3,466 | €3,713 | +€247 | +7.1% |
| Total equity and liabilities | 10/49 | €7,910,389 | €6,871,890 | -€1.0m | -13.1% |
| Equity | 10/15 | €1,283,262 | €865,358 | -€417,903 | -32.6% |
| Profit (loss) carried forward | 14 | -€1,188,742 | -€1,038,300 | +€150,442 | +12.7% |
| Investment grants | 15 | €2,472,004 | €1,903,659 | -€568,345 | -23.0% |
| Provisions and deferred taxes | 16 | €598,496 | €529,154 | -€69,342 | -11.6% |
| Provisions for liabilities and charges | 160/5 | €598,496 | €529,154 | -€69,342 | -11.6% |
| Major repairs and maintenance | 162 | €101,000 | €93,845 | -€7,155 | -7.1% |
| Other liabilities and charges | 164/5 | €497,496 | €435,309 | -€62,187 | -12.5% |
| Amounts payable | 17/49 | €6,028,631 | €5,477,377 | -€551,254 | -9.1% |
| Amounts payable after more than one year | 17 | €4,853,465 | €4,425,825 | -€427,640 | -8.8% |
| Financial debts | 170/4 | €4,853,465 | €4,425,825 | -€427,640 | -8.8% |
| Amounts payable within one year | 42/48 | €1,175,166 | €1,038,876 | -€136,290 | -11.6% |
| Current portion of amounts payable after more than one year | 42 | €559,429 | €427,640 | -€131,788 | -23.6% |
| Trade debts | 44 | €453,345 | €441,806 | -€11,539 | -2.5% |
| Suppliers | 440/4 | €453,345 | €441,806 | -€11,539 | -2.5% |
| Taxes, remuneration and social security | 45 | €143,392 | €162,430 | +€19,038 | +13.3% |
| Taxes | 450/3 | €56,929 | €44,215 | -€12,714 | -22.3% |
| Remuneration and social security | 454/9 | €86,463 | €118,215 | +€31,752 | +36.7% |
| Accrued charges and deferred income | 492/3 | €0 | €12,676 | +€12,676 | |
| Remuneration, social security and pensions | 62 | €876,583 | €937,277 | +€60,694 | +6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €659,251 | €610,256 | -€48,995 | -7.4% |
| Other operating charges | 640/8 | €43,126 | €37,883 | -€5,243 | -12.2% |
| Gross operating margin | 9900 | €1,656,649 | €1,680,039 | +€23,390 | +1.4% |
| Operating profit (loss) | 9901 | €91,876 | €163,965 | +€72,088 | +78.5% |
| Financial income | 75/76B | €55,493 | €51,247 | -€4,246 | -7.7% |
| Recurring financial income | 75 | €55,493 | €51,247 | -€4,246 | -7.7% |
| Financial charges | 65/66B | €74,178 | €64,769 | -€9,409 | -12.7% |
| Recurring financial charges | 65 | €74,178 | €64,769 | -€9,409 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | €73,191 | €150,442 | +€77,251 | +106% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €73,191 | €150,442 | +€77,251 | +106% |
| Profit (loss) for the period to be appropriated | 9905 | €73,191 | €150,442 | +€77,251 | +106% |
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 18 October 2026 via checked.be.