PAL MULTISERVICES: 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 MULTISERVICES
Largest movements
- Stocks and contracts -€4,639
down €4,639 (-88.9%), from €5,219 to €580
- Tangible fixed assets -€4,161
down €4,161 (-34.7%), from €11,977 to €7,816
of which Furniture and vehicles: -€3,119
- Receivables within one year +€3,442
up €3,442 (+129%), from €2,678 to €6,120
- Cash -€2,104
down €2,104 (-2.0%), from €105,323 to €103,219
mainly Tax, wage and social debts (-€6,697) and Receivables within one year (-€3,442)
- Tax, wage and social debts -€6,697
down €6,697 (-74.4%), from €9,000 to €2,303
- Profit (loss) carried forward +€2,512
up €2,512 (+3.2%), from €78,609 to €81,121
- Short-term financial debts -€1,474
down €1,474 (-57.7%), from €2,553 to €1,079
- Gross operating margin +€978
up €978 (+12.3%), from €7,972 to €8,950
- Taxes +€111
up €111 (+15.4%), from €720 to €831
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 | €125,935 | €118,691 | -€7,244 | -5.8% |
| Fixed assets | 21/28 | €12,016 | €7,855 | -€4,161 | -34.6% |
| Tangible fixed assets | 22/27 | €11,977 | €7,816 | -€4,161 | -34.7% |
| Plant, machinery and equipment | 23 | €3,307 | €2,265 | -€1,042 | -31.5% |
| Furniture and vehicles | 24 | €8,670 | €5,551 | -€3,119 | -36.0% |
| Financial fixed assets | 28 | €39 | €39 | = | 0.0% |
| Current assets | 29/58 | €113,919 | €110,836 | -€3,083 | -2.7% |
| Stocks and contracts in progress | 3 | €5,219 | €580 | -€4,639 | -88.9% |
| Stocks | 30/36 | €5,219 | €580 | -€4,639 | -88.9% |
| Amounts receivable within one year | 40/41 | €2,678 | €6,120 | +€3,442 | +129% |
| Trade receivables | 40 | €2,678 | €6,120 | +€3,442 | +129% |
| Cash at bank and in hand | 54/58 | €105,323 | €103,219 | -€2,104 | -2.0% |
| Deferred charges and accrued income | 490/1 | €699 | €917 | +€218 | +31.2% |
| Total equity and liabilities | 10/49 | €125,935 | €118,691 | -€7,244 | -5.8% |
| Equity | 10/15 | €106,669 | €109,181 | +€2,512 | +2.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €21,860 | €21,860 | = | 0.0% |
| Distributable reserves | 133 | €21,860 | €21,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €78,609 | €81,121 | +€2,512 | +3.2% |
| Amounts payable | 17/49 | €19,266 | €9,510 | -€9,756 | -50.6% |
| Amounts payable after more than one year | 17 | €1,079 | - | -€1,079 | |
| Financial debts | 170/4 | €1,079 | - | -€1,079 | |
| Amounts payable within one year | 42/48 | €18,187 | €9,510 | -€8,677 | -47.7% |
| Financial debts | 43 | €2,553 | €1,079 | -€1,474 | -57.7% |
| Credit institutions | 430/8 | €2,553 | €1,079 | -€1,474 | -57.7% |
| Trade debts | 44 | €182 | €194 | +€12 | +6.6% |
| Suppliers | 440/4 | €182 | €194 | +€12 | +6.6% |
| Taxes, remuneration and social security | 45 | €9,000 | €2,303 | -€6,697 | -74.4% |
| Taxes | 450/3 | €9,000 | €2,303 | -€6,697 | -74.4% |
| Other amounts payable | 47/48 | €6,452 | €5,934 | -€518 | -8.0% |
| Remuneration, social security and pensions | 62 | €387 | €400 | +€13 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,759 | €4,829 | +€70 | +1.5% |
| Other operating charges | 640/8 | €233 | €233 | = | 0.0% |
| Gross operating margin | 9900 | €7,972 | €8,950 | +€978 | +12.3% |
| Operating profit (loss) | 9901 | €2,593 | €3,488 | +€895 | +34.5% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €165 | €145 | -€20 | -12.1% |
| Recurring financial charges | 65 | €165 | €145 | -€20 | -12.1% |
| Profit (loss) for the period before taxes | 9903 | €2,429 | €3,343 | +€914 | +37.6% |
| Income taxes | 67/77 | €720 | €831 | +€111 | +15.4% |
| Profit (loss) for the period | 9904 | €1,709 | €2,512 | +€803 | +47.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,709 | €2,512 | +€803 | +47.0% |
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 19 October 2026 via checked.be.