Paladan: what changed
Two fiscal 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.
Paladan
Largest movements
- Tangible fixed assets +€209,085
up €209,085 (+8.7%), from €2.4m to €2.6m
of which Land and buildings: +€254,424
- Cash +€128,824
up €128,824 (+58.1%), from €221,659 to €350,483
mainly Depreciation (+€192,600) and Net result for the year (+€185,469)
- Current investments -€95,000
down €95,000 (-31.1%), from €305,000 to €210,000
- Reserves +€185,469
up €185,469 (+10.6%), from €1.8m to €1.9m
- Debts after one year +€100,097
up €100,097 (+8.7%), from €1.1m to €1.2m
of which Financial debts: +€101,037
- Depreciation +€30,296
up €30,296 (+18.7%), from €162,304 to €192,600
- Gross operating margin +€15,099
up €15,099 (+3.0%), from €507,057 to €522,156
- Financial charges -€7,405
down €7,405 (-11.2%), from €65,955 to €58,549
- Other operating charges +€5,247
up €5,247 (+31.8%), from €16,515 to €21,762
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 | €3,095,363 | €3,392,734 | +€297,372 | +9.6% |
| Fixed assets | 21/28 | €2,430,649 | €2,654,734 | +€224,085 | +9.2% |
| Tangible fixed assets | 22/27 | €2,407,669 | €2,616,754 | +€209,085 | +8.7% |
| Land and buildings | 22 | €2,289,787 | €2,544,211 | +€254,424 | +11.1% |
| Furniture and vehicles | 24 | €117,882 | €72,543 | -€45,339 | -38.5% |
| Financial fixed assets | 28 | €22,980 | €37,980 | +€15,000 | +65.3% |
| Current assets | 29/58 | €664,714 | €738,000 | +€73,286 | +11.0% |
| Amounts receivable after more than one year | 29 | €36,000 | €66,000 | +€30,000 | +83.3% |
| Other amounts receivable | 291 | €36,000 | €66,000 | +€30,000 | +83.3% |
| Amounts receivable within one year | 40/41 | €94,063 | €104,288 | +€10,225 | +10.9% |
| Trade receivables | 40 | €66,957 | €48,279 | -€18,678 | -27.9% |
| Other amounts receivable | 41 | €27,106 | €56,009 | +€28,903 | +106.6% |
| Current investments | 50/53 | €305,000 | €210,000 | -€95,000 | -31.1% |
| Cash at bank and in hand | 54/58 | €221,659 | €350,483 | +€128,824 | +58.1% |
| Deferred charges and accrued income | 490/1 | €7,992 | €7,230 | -€763 | -9.5% |
| Total equity and liabilities | 10/49 | €3,095,363 | €3,392,734 | +€297,372 | +9.6% |
| Equity | 10/15 | €1,776,255 | €1,961,724 | +€185,469 | +10.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,756,255 | €1,941,724 | +€185,469 | +10.6% |
| Distributable reserves | 133 | €1,756,255 | €1,941,724 | +€185,469 | +10.6% |
| Amounts payable | 17/49 | €1,319,107 | €1,431,010 | +€111,902 | +8.5% |
| Amounts payable after more than one year | 17 | €1,146,047 | €1,246,144 | +€100,097 | +8.7% |
| Financial debts | 170/4 | €1,139,453 | €1,240,490 | +€101,037 | +8.9% |
| Other amounts payable | 178/9 | €6,594 | €5,654 | -€940 | -14.3% |
| Amounts payable within one year | 42/48 | €166,703 | €178,347 | +€11,644 | +7.0% |
| Current portion of amounts payable after more than one year | 42 | €108,713 | €134,796 | +€26,083 | +24.0% |
| Trade debts | 44 | €20,772 | €11,327 | -€9,445 | -45.5% |
| Suppliers | 440/4 | €20,772 | €11,327 | -€9,445 | -45.5% |
| Taxes, remuneration and social security | 45 | €35,891 | €25,808 | -€10,083 | -28.1% |
| Taxes | 450/3 | €33,633 | €25,808 | -€7,825 | -23.3% |
| Remuneration and social security | 454/9 | €2,258 | - | -€2,258 | |
| Other amounts payable | 47/48 | €1,327 | €6,416 | +€5,089 | +383.5% |
| Accrued charges and deferred income | 492/3 | €6,357 | €6,518 | +€161 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €162,304 | €192,600 | +€30,296 | +18.7% |
| Other operating charges | 640/8 | €16,515 | €21,762 | +€5,247 | +31.8% |
| Gross operating margin | 9900 | €507,057 | €522,156 | +€15,099 | +3.0% |
| Operating profit (loss) | 9901 | €328,238 | €307,793 | -€20,444 | -6.2% |
| Financial income | 75/76B | €13,284 | €10,685 | -€2,599 | -19.6% |
| Recurring financial income | 75 | €13,284 | €10,685 | -€2,599 | -19.6% |
| Financial charges | 65/66B | €65,955 | €58,549 | -€7,405 | -11.2% |
| Recurring financial charges | 65 | €65,955 | €58,549 | -€7,405 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | €275,567 | €259,929 | -€15,638 | -5.7% |
| Income taxes | 67/77 | €78,292 | €74,459 | -€3,832 | -4.9% |
| Profit (loss) for the period | 9904 | €197,275 | €185,469 | -€11,806 | -6.0% |
| Profit (loss) for the period to be appropriated | 9905 | €197,275 | €185,469 | -€11,806 | -6.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.