PAL-AX: what changed
Two fiscal 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.
PAL-AX
Largest movements
- Cash +€4,425
up €4,425 (+367.1%), from €1,205 to €5,630
mainly Net result for the year (+€6,891) and Tax, wage and social debts (+€3,180)
- Receivables within one year +€482
up €482 (+954.0%), from €50 to €532
- Profit (loss) carried forward +€6,891
up €6,891 (+48.7%), from -€14,147 to -€7,256
- Other debts -€4,709
down €4,709 (-36.6%), from €12,867 to €8,158
- Tax, wage and social debts +€3,180
up €3,180 (+18792.0%), from €17 to €3,197
- Trade debts -€455
down €455 (-87.7%), from €519 to €64
- Gross operating margin +€16,656
up €16,656, from -€5,913 to €10,742
- Taxes +€3,051
new in 2025: €3,051
- Other operating charges -€136
down €136 (-17.2%), from €795 to €659
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.
Cash bridge derived
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 | €1,256 | €6,162 | +€4,906 | +390.6% |
| Current assets | 29/58 | €1,256 | €6,162 | +€4,906 | +390.6% |
| Amounts receivable within one year | 40/41 | €50 | €532 | +€482 | +954.0% |
| Other amounts receivable | 41 | €50 | €532 | +€482 | +954.0% |
| Cash at bank and in hand | 54/58 | €1,205 | €5,630 | +€4,425 | +367.1% |
| Total equity and liabilities | 10/49 | €1,256 | €6,162 | +€4,906 | +390.6% |
| Equity | 10/15 | -€12,147 | -€5,256 | +€6,891 | +56.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,147 | -€7,256 | +€6,891 | +48.7% |
| Amounts payable | 17/49 | €13,403 | €11,418 | -€1,985 | -14.8% |
| Amounts payable within one year | 42/48 | €13,403 | €11,418 | -€1,985 | -14.8% |
| Trade debts | 44 | €519 | €64 | -€455 | -87.7% |
| Suppliers | 440/4 | €519 | €64 | -€455 | -87.7% |
| Taxes, remuneration and social security | 45 | €17 | €3,197 | +€3,180 | +18792.0% |
| Taxes | 450/3 | €17 | €3,197 | +€3,180 | +18792.0% |
| Other amounts payable | 47/48 | €12,867 | €8,158 | -€4,709 | -36.6% |
| Other operating charges | 640/8 | €795 | €659 | -€136 | -17.2% |
| Gross operating margin | 9900 | -€5,913 | €10,742 | +€16,656 | |
| Operating profit (loss) | 9901 | -€6,708 | €10,084 | +€16,792 | |
| Financial charges | 65/66B | €123 | €142 | +€18 | +14.7% |
| Recurring financial charges | 65 | €123 | €142 | +€18 | +14.7% |
| Profit (loss) for the period before taxes | 9903 | -€6,831 | €9,942 | +€16,774 | |
| Income taxes | 67/77 | - | €3,051 | +€3,051 | |
| Profit (loss) for the period | 9904 | -€6,831 | €6,891 | +€13,722 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,831 | €6,891 | +€13,722 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.