PAL-MAN: 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.
PAL-MAN
Largest movements
- Receivables within one year -€292,808
down €292,808 (-34.7%), from €843,149 to €550,341
of which Trade receivables: -€248,029
- Stocks and contracts +€146,181
up €146,181 (+56.1%), from €260,737 to €406,918
- Other debts -€272,258
down €272,258 (-72.3%), from €376,661 to €104,403
- Trade debts +€158,601
up €158,601 (+65.9%), from €240,713 to €399,314
- Profit (loss) carried forward -€19,181
down €19,181 (-9.9%), from €192,866 to €173,685
- Purchases and services +€3.0m
up €3.0m (+64.8%), from €4.6m to €7.7m
- Turnover +€2.8m
up €2.8m (+54.4%), from €5.1m to €7.9m
- Gross operating margin -€218,921
down €218,921 (-45.0%), from €486,050 to €267,128
- Taxes -€83,578
down €83,578 (-94.1%), from €88,783 to €5,205
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,236,791 | €1,090,636 | -€146,155 | -11.8% |
| Fixed assets | 21/28 | €57,278 | €51,698 | -€5,580 | -9.7% |
| Tangible fixed assets | 22/27 | €57,278 | €51,698 | -€5,580 | -9.7% |
| Furniture and vehicles | 24 | €8,136 | - | -€8,136 | |
| Other tangible fixed assets | 26 | €49,142 | €51,698 | +€2,556 | +5.2% |
| Current assets | 29/58 | €1,179,514 | €1,038,938 | -€140,575 | -11.9% |
| Stocks and contracts in progress | 3 | €260,737 | €406,918 | +€146,181 | +56.1% |
| Stocks | 30/36 | €260,737 | €406,918 | +€146,181 | +56.1% |
| Amounts receivable within one year | 40/41 | €843,149 | €550,341 | -€292,808 | -34.7% |
| Trade receivables | 40 | €797,934 | €549,905 | -€248,029 | -31.1% |
| Other amounts receivable | 41 | €45,215 | €436 | -€44,779 | -99.0% |
| Cash at bank and in hand | 54/58 | €71,258 | €78,561 | +€7,303 | +10.2% |
| Deferred charges and accrued income | 490/1 | €4,371 | €3,119 | -€1,252 | -28.6% |
| Total equity and liabilities | 10/49 | €1,236,791 | €1,090,636 | -€146,155 | -11.8% |
| Equity | 10/15 | €406,040 | €386,859 | -€19,181 | -4.7% |
| Contributions | 10/11 | €18,000 | €18,000 | = | 0.0% |
| Reserves | 13 | €195,174 | €195,174 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,800 | €1,800 | = | 0.0% |
| Other | 1319 | €1,800 | €1,800 | = | 0.0% |
| Distributable reserves | 133 | €193,374 | €193,374 | = | 0.0% |
| Profit (loss) carried forward | 14 | €192,866 | €173,685 | -€19,181 | -9.9% |
| Amounts payable | 17/49 | €830,751 | €703,777 | -€126,974 | -15.3% |
| Amounts payable within one year | 42/48 | €819,500 | €693,483 | -€126,018 | -15.4% |
| Trade debts | 44 | €240,713 | €399,314 | +€158,601 | +65.9% |
| Suppliers | 440/4 | €240,713 | €399,314 | +€158,601 | +65.9% |
| Taxes, remuneration and social security | 45 | €202,126 | €189,765 | -€12,361 | -6.1% |
| Taxes | 450/3 | €145,150 | €112,943 | -€32,206 | -22.2% |
| Remuneration and social security | 454/9 | €56,977 | €76,822 | +€19,845 | +34.8% |
| Other amounts payable | 47/48 | €376,661 | €104,403 | -€272,258 | -72.3% |
| Accrued charges and deferred income | 492/3 | €11,251 | €10,295 | -€956 | -8.5% |
| Turnover | 70 | €5,135,878 | €7,931,713 | +€2.8m | +54.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €4,649,828 | €7,664,585 | +€3.0m | +64.8% |
| Remuneration, social security and pensions | 62 | €216,852 | €249,879 | +€33,026 | +15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,021 | €14,727 | +€706 | +5.0% |
| Other operating charges | 640/8 | €3,784 | €5,829 | +€2,044 | +54.0% |
| Gross operating margin | 9900 | €486,050 | €267,128 | -€218,921 | -45.0% |
| Operating profit (loss) | 9901 | €251,392 | -€3,307 | -€254,698 | |
| Financial income | 75/76B | €3,428 | - | -€3,428 | |
| Recurring financial income | 75 | €3,428 | - | -€3,428 | |
| Financial charges | 65/66B | €12,296 | €10,670 | -€1,627 | -13.2% |
| Recurring financial charges | 65 | €12,296 | €10,670 | -€1,627 | -13.2% |
| Profit (loss) for the period before taxes | 9903 | €242,523 | -€13,976 | -€256,500 | |
| Income taxes | 67/77 | €88,783 | €5,205 | -€83,578 | -94.1% |
| Profit (loss) for the period | 9904 | €153,740 | -€19,181 | -€172,921 | |
| Profit (loss) for the period to be appropriated | 9905 | €153,740 | -€19,181 | -€172,921 |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.