PAALLAS: what changed
PAALLAS
Largest movements
- Financial fixed assets +€450,000
new in 2025: €450,000
- Cash +€16,534
up €16,534 (+38.2%), from €43,250 to €59,784
mainly Debts after one year (+€424,081) and Net result for the year (+€34,105)
- Receivables within one year -€13,520
down €13,520 (-40.5%), from €33,384 to €19,864
of which Other amounts receivable: -€19,272
- Tangible fixed assets -€10,976
down €10,976 (-58.7%), from €18,682 to €7,706
of which Plant, machinery and equipment: -€9,752
- Debts after one year +€424,081
up €424,081 (+15,174%), from €2,795 to €426,876
- Other debts +€20,284
up €20,284 (+70.4%), from €28,823 to €49,107
- Profit (loss) carried forward -€20,056
no longer reported in 2025 (was €20,056)
- Current portion of long-term debt +€15,839
up €15,839 (+156%), from €10,129 to €25,967
- Trade debts +€5,696
up €5,696 (+432%), from €1,320 to €7,016
- Gross operating margin +€3,174
up €3,174 (+5.6%), from €57,177 to €60,351
- Financial charges +€1,365
up €1,365 (+215%), from €636 to €2,001
- Financial income -€1,053
down €1,053 (-95.7%), from €1,101 to €48
- Other operating charges +€738
up €738 (+46.0%), from €1,605 to €2,343
- Depreciation -€612
down €612 (-5.3%), from €11,588 to €10,976
Change in the result, 2024 to 2025
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 2024 and 2025 balance sheets and the 2025 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 | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €95,316 | €537,354 | +€442,038 | +464% |
| Fixed assets | 21/28 | €18,682 | €457,706 | +€439,024 | +2,350% |
| Tangible fixed assets | 22/27 | €18,682 | €7,706 | -€10,976 | -58.7% |
| Plant, machinery and equipment | 23 | €17,458 | €7,706 | -€9,752 | -55.9% |
| Furniture and vehicles | 24 | €1,224 | - | -€1,224 | |
| Financial fixed assets | 28 | - | €450,000 | +€450,000 | |
| Current assets | 29/58 | €76,634 | €79,648 | +€3,014 | +3.9% |
| Amounts receivable within one year | 40/41 | €33,384 | €19,864 | -€13,520 | -40.5% |
| Trade receivables | 40 | €13,546 | €19,298 | +€5,752 | +42.5% |
| Other amounts receivable | 41 | €19,839 | €566 | -€19,272 | -97.1% |
| Cash at bank and in hand | 54/58 | €43,250 | €59,784 | +€16,534 | +38.2% |
| Total equity and liabilities | 10/49 | €95,316 | €537,354 | +€442,038 | +464% |
| Equity | 10/15 | €38,806 | €18,750 | -€20,056 | -51.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €150 | €150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €150 | €150 | = | 0.0% |
| Reserves not available under the articles | 1311 | €150 | €150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,056 | - | -€20,056 | |
| Amounts payable | 17/49 | €56,510 | €518,604 | +€462,094 | +818% |
| Amounts payable after more than one year | 17 | €2,795 | €426,876 | +€424,081 | +15,174% |
| Financial debts | 170/4 | €2,795 | €426,876 | +€424,081 | +15,174% |
| Amounts payable within one year | 42/48 | €53,715 | €91,729 | +€38,013 | +70.8% |
| Current portion of amounts payable after more than one year | 42 | €10,129 | €25,967 | +€15,839 | +156% |
| Trade debts | 44 | €1,320 | €7,016 | +€5,696 | +432% |
| Suppliers | 440/4 | €1,320 | €7,016 | +€5,696 | +432% |
| Taxes, remuneration and social security | 45 | €13,444 | €9,639 | -€3,805 | -28.3% |
| Taxes | 450/3 | €13,444 | €9,639 | -€3,805 | -28.3% |
| Other amounts payable | 47/48 | €28,823 | €49,107 | +€20,284 | +70.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,588 | €10,976 | -€612 | -5.3% |
| Other operating charges | 640/8 | €1,605 | €2,343 | +€738 | +46.0% |
| Gross operating margin | 9900 | €57,177 | €60,351 | +€3,174 | +5.6% |
| Operating profit (loss) | 9901 | €43,985 | €47,033 | +€3,048 | +6.9% |
| Financial income | 75/76B | €1,101 | €48 | -€1,053 | -95.7% |
| Recurring financial income | 75 | €1,101 | €48 | -€1,053 | -95.7% |
| Financial charges | 65/66B | €636 | €2,001 | +€1,365 | +215% |
| Recurring financial charges | 65 | €636 | €2,001 | +€1,365 | +215% |
| Profit (loss) for the period before taxes | 9903 | €44,450 | €45,079 | +€629 | +1.4% |
| Income taxes | 67/77 | €10,541 | €10,974 | +€434 | +4.1% |
| Profit (loss) for the period | 9904 | €33,909 | €34,105 | +€196 | +0.6% |
| Profit (loss) for the period to be appropriated | 9905 | €33,909 | €34,105 | +€196 | +0.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.