LE PALAIS MALIBRAN: 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.
LE PALAIS MALIBRAN
Largest movements
- Receivables within one year -€10,472
down €10,472 (-87.5%), from €11,964 to €1,492
- Tangible fixed assets -€4,164
down €4,164 (-17.0%), from €24,552 to €20,388
of which Furniture and vehicles: -€3,694
- Cash +€2,302
up €2,302 (+82.2%), from €2,800 to €5,102
mainly Receivables within one year (+€10,472) and Other debts (+€7,149)
- Stocks and contracts +€518
up €518 (+45.8%), from €1,132 to €1,650
- Tax, wage and social debts -€16,119
down €16,119 (-98.5%), from €16,364 to €245
of which Remuneration and social security: -€15,000
- Other debts +€7,149
up €7,149 (+315%), from €2,268 to €9,417
- Trade debts -€3,783
down €3,783 (-34.7%), from €10,892 to €7,109
- Profit (loss) carried forward +€939
up €939 (+102%), from €923 to €1,861
- Gross operating margin +€5,053
up €5,053 (+137%), from €3,701 to €8,755
- Depreciation +€4,902
up €4,902 (+228%), from €2,154 to €7,056
- Financial charges +€278
up €278 (+722%), from €39 to €317
- Financial income +€88
new in 2025: €88
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 | €40,447 | €28,632 | -€11,815 | -29.2% |
| Fixed assets | 21/28 | €24,552 | €20,388 | -€4,164 | -17.0% |
| Tangible fixed assets | 22/27 | €24,552 | €20,388 | -€4,164 | -17.0% |
| Plant, machinery and equipment | 23 | €14,502 | €14,032 | -€470 | -3.2% |
| Furniture and vehicles | 24 | €10,050 | €6,356 | -€3,694 | -36.8% |
| Current assets | 29/58 | €15,895 | €8,244 | -€7,652 | -48.1% |
| Stocks and contracts in progress | 3 | €1,132 | €1,650 | +€518 | +45.8% |
| Stocks | 30/36 | €1,132 | €1,650 | +€518 | +45.8% |
| Amounts receivable within one year | 40/41 | €11,964 | €1,492 | -€10,472 | -87.5% |
| Trade receivables | 40 | €11,964 | €1,492 | -€10,472 | -87.5% |
| Cash at bank and in hand | 54/58 | €2,800 | €5,102 | +€2,302 | +82.2% |
| Total equity and liabilities | 10/49 | €40,447 | €28,632 | -€11,815 | -29.2% |
| Equity | 10/15 | €10,923 | €11,861 | +€939 | +8.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €923 | €1,861 | +€939 | +102% |
| Amounts payable | 17/49 | €29,525 | €16,771 | -€12,754 | -43.2% |
| Amounts payable within one year | 42/48 | €29,525 | €16,771 | -€12,754 | -43.2% |
| Trade debts | 44 | €10,892 | €7,109 | -€3,783 | -34.7% |
| Suppliers | 440/4 | €10,892 | €7,109 | -€3,783 | -34.7% |
| Taxes, remuneration and social security | 45 | €16,364 | €245 | -€16,119 | -98.5% |
| Taxes | 450/3 | €1,364 | €245 | -€1,119 | -82.0% |
| Remuneration and social security | 454/9 | €15,000 | - | -€15,000 | |
| Other amounts payable | 47/48 | €2,268 | €9,417 | +€7,149 | +315% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,154 | €7,056 | +€4,902 | +228% |
| Other operating charges | 640/8 | €586 | €531 | -€55 | -9.3% |
| Gross operating margin | 9900 | €3,701 | €8,755 | +€5,053 | +137% |
| Operating profit (loss) | 9901 | €961 | €1,167 | +€206 | +21.4% |
| Financial income | 75/76B | - | €88 | +€88 | |
| Recurring financial income | 75 | - | €88 | +€88 | |
| Financial charges | 65/66B | €39 | €317 | +€278 | +722% |
| Recurring financial charges | 65 | €39 | €317 | +€278 | +722% |
| Profit (loss) for the period before taxes | 9903 | €923 | €939 | +€16 | +1.7% |
| Profit (loss) for the period | 9904 | €923 | €939 | +€16 | +1.7% |
| Profit (loss) for the period to be appropriated | 9905 | €923 | €939 | +€16 | +1.7% |
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 22 October 2026 via checked.be.