PAL TOITURES: 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 TOITURES
Largest movements
- Cash +€82,152
up €82,152 (+736.9%), from €11,148 to €93,299
mainly Net result for the year (+€80,055) and Depreciation (+€58,128)
- Receivables within one year +€27,954
up €27,954 (+109.4%), from €25,556 to €53,510
of which Trade receivables: +€18,867
- Tangible fixed assets -€16,229
down €16,229 (-8.9%), from €182,306 to €166,077
of which Leasing and similar rights: -€47,345
- Stocks and contracts +€3,645
up €3,645 (+14.7%), from €24,832 to €28,477
- Profit (loss) carried forward +€80,055
up €80,055 (+133.6%), from €59,919 to €139,975
- Current portion of long-term debt +€48,632
up €48,632 (+167.5%), from €29,041 to €77,673
- Debts after one year -€25,063
down €25,063 (-21.4%), from €117,245 to €92,183
- Other debts -€10,081
down €10,081 (-97.9%), from €10,302 to €221
- Trade debts +€9,082
up €9,082 (+45.8%), from €19,838 to €28,920
- Gross operating margin +€122,423
up €122,423 (+100.0%), from €122,402 to €244,826
- Depreciation +€29,489
up €29,489 (+103.0%), from €28,639 to €58,128
- Taxes +€20,488
new in 2025: €20,488
- Staff costs +€17,450
up €17,450 (+27.8%), from €62,824 to €80,274
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 | €248,913 | €344,503 | +€95,589 | +38.4% |
| Fixed assets | 21/28 | €183,511 | €167,282 | -€16,229 | -8.8% |
| Tangible fixed assets | 22/27 | €182,306 | €166,077 | -€16,229 | -8.9% |
| Plant, machinery and equipment | 23 | €12,509 | €26,389 | +€13,880 | +111.0% |
| Furniture and vehicles | 24 | €4,975 | €22,211 | +€17,237 | +346.5% |
| Leasing and similar rights | 25 | €164,822 | €117,477 | -€47,345 | -28.7% |
| Financial fixed assets | 28 | €1,205 | €1,205 | = | 0.0% |
| Current assets | 29/58 | €65,403 | €177,221 | +€111,818 | +171.0% |
| Stocks and contracts in progress | 3 | €24,832 | €28,477 | +€3,645 | +14.7% |
| Stocks | 30/36 | €24,832 | €28,477 | +€3,645 | +14.7% |
| Amounts receivable within one year | 40/41 | €25,556 | €53,510 | +€27,954 | +109.4% |
| Trade receivables | 40 | €14 | €18,881 | +€18,867 | +136420.0% |
| Other amounts receivable | 41 | €25,542 | €34,629 | +€9,087 | +35.6% |
| Cash at bank and in hand | 54/58 | €11,148 | €93,299 | +€82,152 | +736.9% |
| Deferred charges and accrued income | 490/1 | €3,867 | €1,935 | -€1,932 | -50.0% |
| Total equity and liabilities | 10/49 | €248,913 | €344,503 | +€95,589 | +38.4% |
| Equity | 10/15 | €61,919 | €141,975 | +€80,055 | +129.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,919 | €139,975 | +€80,055 | +133.6% |
| Amounts payable | 17/49 | €186,994 | €202,528 | +€15,534 | +8.3% |
| Amounts payable after more than one year | 17 | €117,245 | €92,183 | -€25,063 | -21.4% |
| Financial debts | 170/4 | €117,245 | €92,183 | -€25,063 | -21.4% |
| Amounts payable within one year | 42/48 | €69,749 | €110,346 | +€40,597 | +58.2% |
| Current portion of amounts payable after more than one year | 42 | €29,041 | €77,673 | +€48,632 | +167.5% |
| Trade debts | 44 | €19,838 | €28,920 | +€9,082 | +45.8% |
| Suppliers | 440/4 | €19,838 | €28,920 | +€9,082 | +45.8% |
| Advances received on contracts in progress | 46 | - | €808 | +€808 | |
| Taxes, remuneration and social security | 45 | €10,568 | €2,724 | -€7,844 | -74.2% |
| Taxes | 450/3 | €8,568 | - | -€8,568 | |
| Remuneration and social security | 454/9 | €2,000 | €2,724 | +€724 | +36.2% |
| Other amounts payable | 47/48 | €10,302 | €221 | -€10,081 | -97.9% |
| Remuneration, social security and pensions | 62 | €62,824 | €80,274 | +€17,450 | +27.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,639 | €58,128 | +€29,489 | +103.0% |
| Other operating charges | 640/8 | €150 | €409 | +€259 | +172.9% |
| Gross operating margin | 9900 | €122,402 | €244,826 | +€122,423 | +100.0% |
| Operating profit (loss) | 9901 | €30,789 | €106,014 | +€75,225 | +244.3% |
| Financial income | 75/76B | €258 | €651 | +€394 | +152.8% |
| Recurring financial income | 75 | €258 | €651 | +€394 | +152.8% |
| Financial charges | 65/66B | €4,342 | €6,121 | +€1,779 | +41.0% |
| Recurring financial charges | 65 | €4,342 | €6,121 | +€1,779 | +41.0% |
| Profit (loss) for the period before taxes | 9903 | €26,705 | €100,544 | +€73,839 | +276.5% |
| Income taxes | 67/77 | - | €20,488 | +€20,488 | |
| Profit (loss) for the period | 9904 | €26,705 | €80,055 | +€53,351 | +199.8% |
| Profit (loss) for the period to be appropriated | 9905 | €26,705 | €80,055 | +€53,351 | +199.8% |
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 12 October 2026 via checked.be.