PALACON: 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.
PALACON
Largest movements
- Receivables within one year +€326,493
up €326,493 (+375%), from €86,980 to €413,472
- Reserves +€392,160
up €392,160 (+16.2%), from €2.4m to €2.8m
- Debts after one year -€50,491
down €50,491 (-66.8%), from €75,563 to €25,072
- Trade debts -€31,376
down €31,376 (-92.7%), from €33,859 to €2,482
- Financial income +€210,030
up €210,030 (+117%), from €180,000 to €390,030
- Gross operating margin -€41,036
down €41,036 (-17.7%), from €232,071 to €191,035
- Taxes +€29,885
up €29,885 (+75.2%), from €39,722 to €69,607
- Depreciation +€24,230
up €24,230 (+42.0%), from €57,637 to €81,867
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 | €2,661,865 | €2,991,238 | +€329,373 | +12.4% |
| Fixed assets | 21/28 | €2,458,041 | €2,441,614 | -€16,427 | -0.7% |
| Tangible fixed assets | 22/27 | €284,509 | €268,082 | -€16,427 | -5.8% |
| Land and buildings | 22 | €822 | €658 | -€165 | -20.0% |
| Plant, machinery and equipment | 23 | €283,009 | €267,073 | -€15,937 | -5.6% |
| Furniture and vehicles | 24 | €678 | €352 | -€326 | -48.1% |
| Financial fixed assets | 28 | €2,173,531 | €2,173,531 | = | 0.0% |
| Current assets | 29/58 | €203,824 | €549,624 | +€345,800 | +170% |
| Amounts receivable within one year | 40/41 | €86,980 | €413,472 | +€326,493 | +375% |
| Other amounts receivable | 41 | €86,980 | €413,472 | +€326,493 | +375% |
| Cash at bank and in hand | 54/58 | €115,844 | €135,152 | +€19,307 | +16.7% |
| Deferred charges and accrued income | 490/1 | €1,000 | €1,000 | = | 0.0% |
| Total equity and liabilities | 10/49 | €2,661,865 | €2,991,238 | +€329,373 | +12.4% |
| Equity | 10/15 | €2,491,425 | €2,883,585 | +€392,160 | +15.7% |
| Contributions | 10/11 | €64,000 | €64,000 | = | 0.0% |
| Reserves | 13 | €2,427,425 | €2,819,585 | +€392,160 | +16.2% |
| Distributable reserves | 133 | €2,427,425 | €2,819,585 | +€392,160 | +16.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €170,440 | €107,653 | -€62,787 | -36.8% |
| Amounts payable after more than one year | 17 | €75,563 | €25,072 | -€50,491 | -66.8% |
| Financial debts | 170/4 | €75,563 | €25,072 | -€50,491 | -66.8% |
| Amounts payable within one year | 42/48 | €94,877 | €82,581 | -€12,295 | -13.0% |
| Current portion of amounts payable after more than one year | 42 | €50,491 | €50,491 | = | 0.0% |
| Trade debts | 44 | €33,859 | €2,482 | -€31,376 | -92.7% |
| Suppliers | 440/4 | €33,859 | €2,482 | -€31,376 | -92.7% |
| Taxes, remuneration and social security | 45 | €10,526 | €29,607 | +€19,081 | +181% |
| Taxes | 450/3 | €10,526 | €29,607 | +€19,081 | +181% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | €2,000 | €5,000 | +€3,000 | +150% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,637 | €81,867 | +€24,230 | +42.0% |
| Other operating charges | 640/8 | €3,891 | €3,771 | -€120 | -3.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €232,071 | €191,035 | -€41,036 | -17.7% |
| Operating profit (loss) | 9901 | €170,543 | €105,397 | -€65,146 | -38.2% |
| Financial income | 75/76B | €180,000 | €390,030 | +€210,030 | +117% |
| Recurring financial income | 75 | €180,000 | €390,030 | +€210,030 | +117% |
| Financial charges | 65/66B | €984 | €569 | -€416 | -42.2% |
| Recurring financial charges | 65 | €984 | €569 | -€416 | -42.2% |
| Profit (loss) for the period before taxes | 9903 | €349,559 | €494,859 | +€145,300 | +41.6% |
| Income taxes | 67/77 | €39,722 | €69,607 | +€29,885 | +75.2% |
| Profit (loss) for the period | 9904 | €309,837 | €425,251 | +€115,415 | +37.3% |
| Profit (loss) for the period to be appropriated | 9905 | €309,837 | €425,251 | +€115,415 | +37.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.