LE PALMARES: what changed
LE PALMARES
Largest movements
- Tangible fixed assets -€113,801
down €113,801 (-26.9%), from €423,445 to €309,644
of which Plant, machinery and equipment: -€97,232
- Receivables within one year +€74,334
up €74,334 (+265%), from €28,053 to €102,387
of which Trade receivables: +€70,295
- Cash +€13,958
up €13,958 (+51.5%), from €27,086 to €41,044
mainly Net result for the year (+€78,132) and Depreciation (+€74,535)
- Intangible fixed assets -€6,500
down €6,500 (-18.8%), from €34,583 to €28,083
- Stocks and contracts -€6,211
down €6,211 (-26.2%), from €23,698 to €17,487
- Other debts -€84,540
down €84,540 (-100.0%), from €84,546 to €6
- Profit (loss) carried forward +€78,132
up €78,132 (+59.5%), from -€131,356 to -€53,224
- Debts after one year +€43,199
up €43,199 (+27.1%), from €159,214 to €202,412
of which Other amounts payable: +€147,502
- Trade debts -€40,602
down €40,602 (-12.8%), from €317,448 to €276,846
- Accrued charges and deferred income -€29,427
down €29,427 (-94.0%), from €31,317 to €1,890
- Gross operating margin +€35,311
up €35,311 (+6.5%), from €540,787 to €576,098
- Financial charges -€33,057
down €33,057 (-71.4%), from €46,315 to €13,258
- Staff costs -€20,556
down €20,556 (-4.8%), from €426,026 to €405,470
- Other operating charges -€7,541
down €7,541 (-53.2%), from €14,171 to €6,630
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €544,564 | €503,977 | -€40,587 | -7.5% |
| Formation expenses | 20 | €118 | - | -€118 | |
| Fixed assets | 21/28 | €462,700 | €342,399 | -€120,301 | -26.0% |
| Intangible fixed assets | 21 | €34,583 | €28,083 | -€6,500 | -18.8% |
| Tangible fixed assets | 22/27 | €423,445 | €309,644 | -€113,801 | -26.9% |
| Plant, machinery and equipment | 23 | €356,818 | €259,586 | -€97,232 | -27.2% |
| Furniture and vehicles | 24 | €66,627 | €50,058 | -€16,569 | -24.9% |
| Financial fixed assets | 28 | €4,671 | €4,671 | = | 0.0% |
| Current assets | 29/58 | €81,746 | €161,578 | +€79,831 | +97.7% |
| Stocks and contracts in progress | 3 | €23,698 | €17,487 | -€6,211 | -26.2% |
| Stocks | 30/36 | €23,698 | €17,487 | -€6,211 | -26.2% |
| Amounts receivable within one year | 40/41 | €28,053 | €102,387 | +€74,334 | +265% |
| Trade receivables | 40 | €27,060 | €97,356 | +€70,295 | +260% |
| Other amounts receivable | 41 | €992 | €5,031 | +€4,039 | +407% |
| Cash at bank and in hand | 54/58 | €27,086 | €41,044 | +€13,958 | +51.5% |
| Deferred charges and accrued income | 490/1 | €2,909 | €660 | -€2,249 | -77.3% |
| Total equity and liabilities | 10/49 | €544,564 | €503,977 | -€40,587 | -7.5% |
| Equity | 10/15 | -€112,756 | -€34,624 | +€78,132 | +69.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€131,356 | -€53,224 | +€78,132 | +59.5% |
| Amounts payable | 17/49 | €657,319 | €538,601 | -€118,719 | -18.1% |
| Amounts payable after more than one year | 17 | €159,214 | €202,412 | +€43,199 | +27.1% |
| Financial debts | 170/4 | €159,214 | €54,910 | -€104,303 | -65.5% |
| Other amounts payable | 178/9 | - | €147,502 | +€147,502 | |
| Amounts payable within one year | 42/48 | €466,789 | €334,298 | -€132,490 | -28.4% |
| Current portion of amounts payable after more than one year | 42 | €17,029 | €18,818 | +€1,789 | +10.5% |
| Trade debts | 44 | €317,448 | €276,846 | -€40,602 | -12.8% |
| Suppliers | 440/4 | €317,448 | €276,846 | -€40,602 | -12.8% |
| Taxes, remuneration and social security | 45 | €47,766 | €38,629 | -€9,137 | -19.1% |
| Taxes | 450/3 | €11,083 | €5,221 | -€5,862 | -52.9% |
| Remuneration and social security | 454/9 | €36,683 | €33,408 | -€3,275 | -8.9% |
| Other amounts payable | 47/48 | €84,546 | €6 | -€84,540 | -100.0% |
| Accrued charges and deferred income | 492/3 | €31,317 | €1,890 | -€29,427 | -94.0% |
| Remuneration, social security and pensions | 62 | €426,026 | €405,470 | -€20,556 | -4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,707 | €74,535 | +€1,828 | +2.5% |
| Other operating charges | 640/8 | €14,171 | €6,630 | -€7,541 | -53.2% |
| Gross operating margin | 9900 | €540,787 | €576,098 | +€35,311 | +6.5% |
| Operating profit (loss) | 9901 | €27,883 | €89,462 | +€61,579 | +221% |
| Financial income | 75/76B | €40 | €2,067 | +€2,027 | +5,132% |
| Recurring financial income | 75 | €40 | €2,067 | +€2,027 | +5,132% |
| Financial charges | 65/66B | €46,315 | €13,258 | -€33,057 | -71.4% |
| Recurring financial charges | 65 | €46,315 | €13,258 | -€33,057 | -71.4% |
| Profit (loss) for the period before taxes | 9903 | -€18,392 | €78,271 | +€96,663 | |
| Income taxes | 67/77 | €62 | €140 | +€78 | +125% |
| Profit (loss) for the period | 9904 | -€18,454 | €78,132 | +€96,586 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,454 | €78,132 | +€96,586 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.