PALACE: 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.
PALACE
Largest movements
- Cash +€15,350
up €15,350 (+258.8%), from €5,930 to €21,281
mainly Depreciation (+€9,610) and Net result for the year (+€7,342)
- Tangible fixed assets -€9,610
down €9,610 (-22.7%), from €42,277 to €32,668
of which Furniture and vehicles: -€9,346
- Receivables within one year -€653
no longer reported in 2025 (was €653)
- Profit (loss) carried forward +€7,342
up €7,342 (+34.2%), from €21,442 to €28,783
- Tax, wage and social debts -€4,636
down €4,636 (-28.5%), from €16,286 to €11,650
of which Remuneration and social security: -€9,154
- Trade debts +€1,272
up €1,272 (+25.3%), from €5,029 to €6,301
- Other debts +€1,171
up €1,171 (+19.2%), from €6,103 to €7,274
- Gross operating margin +€12,592
up €12,592 (+33.3%), from €37,845 to €50,437
- Depreciation +€5,141
up €5,141 (+115.0%), from €4,469 to €9,610
- Other operating charges +€3,124
up €3,124 (+210.3%), from €1,485 to €4,609
- Taxes +€3,003
up €3,003 (+146.1%), from €2,055 to €5,058
- Staff costs +€2,440
up €2,440 (+11.5%), from €21,213 to €23,654
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 | €48,860 | €54,008 | +€5,148 | +10.5% |
| Fixed assets | 21/28 | €42,277 | €32,668 | -€9,610 | -22.7% |
| Tangible fixed assets | 22/27 | €42,277 | €32,668 | -€9,610 | -22.7% |
| Plant, machinery and equipment | 23 | €768 | €504 | -€264 | -34.4% |
| Furniture and vehicles | 24 | €41,510 | €32,164 | -€9,346 | -22.5% |
| Current assets | 29/58 | €6,583 | €21,341 | +€14,758 | +224.2% |
| Amounts receivable within one year | 40/41 | €653 | - | -€653 | |
| Other amounts receivable | 41 | €653 | - | -€653 | |
| Cash at bank and in hand | 54/58 | €5,930 | €21,281 | +€15,350 | +258.8% |
| Deferred charges and accrued income | 490/1 | - | €60 | +€60 | |
| Total equity and liabilities | 10/49 | €48,860 | €54,008 | +€5,148 | +10.5% |
| Equity | 10/15 | €21,442 | €28,783 | +€7,342 | +34.2% |
| Profit (loss) carried forward | 14 | €21,442 | €28,783 | +€7,342 | +34.2% |
| Amounts payable | 17/49 | €27,419 | €25,225 | -€2,194 | -8.0% |
| Amounts payable within one year | 42/48 | €27,419 | €25,225 | -€2,194 | -8.0% |
| Trade debts | 44 | €5,029 | €6,301 | +€1,272 | +25.3% |
| Suppliers | 440/4 | €5,029 | €6,301 | +€1,272 | +25.3% |
| Taxes, remuneration and social security | 45 | €16,286 | €11,650 | -€4,636 | -28.5% |
| Taxes | 450/3 | €4,806 | €9,324 | +€4,518 | +94.0% |
| Remuneration and social security | 454/9 | €11,480 | €2,326 | -€9,154 | -79.7% |
| Other amounts payable | 47/48 | €6,103 | €7,274 | +€1,171 | +19.2% |
| Remuneration, social security and pensions | 62 | €21,213 | €23,654 | +€2,440 | +11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,469 | €9,610 | +€5,141 | +115.0% |
| Other operating charges | 640/8 | €1,485 | €4,609 | +€3,124 | +210.3% |
| Gross operating margin | 9900 | €37,845 | €50,437 | +€12,592 | +33.3% |
| Operating profit (loss) | 9901 | €10,677 | €12,564 | +€1,887 | +17.7% |
| Financial charges | 65/66B | €2,160 | €164 | -€1,995 | -92.4% |
| Recurring financial charges | 65 | €2,160 | €164 | -€1,995 | -92.4% |
| Profit (loss) for the period before taxes | 9903 | €8,517 | €12,399 | +€3,882 | +45.6% |
| Income taxes | 67/77 | €2,055 | €5,058 | +€3,003 | +146.1% |
| Profit (loss) for the period | 9904 | €6,462 | €7,342 | +€879 | +13.6% |
| Profit (loss) for the period to be appropriated | 9905 | €6,462 | €7,342 | +€879 | +13.6% |
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 9 October 2026 via checked.be.