PALAGOU: 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.
PALAGOU
Largest movements
- Receivables within one year -€6,358
down €6,358 (-30.5%), from €20,872 to €14,515
of which Other amounts receivable: -€6,240
- Profit (loss) carried forward -€24,384
down €24,384 (-28.5%), from -€85,565 to -€109,948
- Trade debts +€7,289
up €7,289 (+372%), from €1,959 to €9,248
- Other debts +€5,599
up €5,599 (+39.4%), from €14,193 to €19,792
- Gross operating margin -€211,634
down €211,634, from €193,746 to -€17,888
- Financial charges -€2,962
down €2,962 (-51.9%), from €5,706 to €2,743
of which Financial charges: -€5,221
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €434,936 | €423,441 | -€11,495 | -2.6% |
| Fixed assets | 21/28 | €10,825 | €8,479 | -€2,347 | -21.7% |
| Tangible fixed assets | 22/27 | €10,340 | €8,444 | -€1,897 | -18.3% |
| Plant, machinery and equipment | 23 | €5,405 | €3,552 | -€1,853 | -34.3% |
| Furniture and vehicles | 24 | €3,390 | €3,512 | +€122 | +3.6% |
| Other tangible fixed assets | 26 | €1,546 | €1,380 | -€165 | -10.7% |
| Financial fixed assets | 28 | €485 | €35 | -€450 | -92.8% |
| Current assets | 29/58 | €424,111 | €414,962 | -€9,149 | -2.2% |
| Stocks and contracts in progress | 3 | €400,000 | €400,000 | = | 0.0% |
| Stocks | 30/36 | €400,000 | €400,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €20,872 | €14,515 | -€6,358 | -30.5% |
| Trade receivables | 40 | €12,077 | €11,959 | -€118 | -1.0% |
| Other amounts receivable | 41 | €8,795 | €2,556 | -€6,240 | -70.9% |
| Current investments | 50/53 | €241 | €241 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €2,997 | €206 | -€2,791 | -93.1% |
| Total equity and liabilities | 10/49 | €434,936 | €423,441 | -€11,495 | -2.6% |
| Equity | 10/15 | €416,301 | €391,918 | -€24,384 | -5.9% |
| Contributions | 10/11 | €496,300 | €496,300 | = | 0.0% |
| Capital | 10 | €496,300 | €496,300 | = | 0.0% |
| Issued capital | 100 | €496,300 | €496,300 | = | 0.0% |
| Reserves | 13 | €5,566 | €5,566 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,566 | €5,566 | = | 0.0% |
| Legal reserve | 130 | €5,566 | €5,566 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€85,565 | -€109,948 | -€24,384 | -28.5% |
| Amounts payable | 17/49 | €18,635 | €31,523 | +€12,888 | +69.2% |
| Amounts payable within one year | 42/48 | €18,635 | €31,523 | +€12,888 | +69.2% |
| Trade debts | 44 | €1,959 | €9,248 | +€7,289 | +372% |
| Suppliers | 440/4 | €1,959 | €9,248 | +€7,289 | +372% |
| Taxes, remuneration and social security | 45 | €2,483 | €2,483 | = | 0.0% |
| Taxes | 450/3 | €2,483 | €2,483 | = | 0.0% |
| Other amounts payable | 47/48 | €14,193 | €19,792 | +€5,599 | +39.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,994 | €2,923 | -€71 | -2.4% |
| Other operating charges | 640/8 | €1,548 | €829 | -€719 | -46.4% |
| Gross operating margin | 9900 | €193,746 | -€17,888 | -€211,634 | |
| Operating profit (loss) | 9901 | €189,204 | -€21,640 | -€210,844 | |
| Financial income | 75/76B | €15 | - | -€15 | |
| Recurring financial income | 75 | €15 | - | -€15 | |
| Financial charges | 65/66B | €5,706 | €2,743 | -€2,962 | -51.9% |
| Recurring financial charges | 65 | €5,706 | €485 | -€5,221 | -91.5% |
| Non-recurring financial charges | 66B | - | €2,258 | +€2,258 | |
| Profit (loss) for the period before taxes | 9903 | €183,513 | -€24,384 | -€207,897 | |
| Income taxes | 67/77 | €164 | - | -€164 | |
| Profit (loss) for the period | 9904 | €183,349 | -€24,384 | -€207,732 | |
| Profit (loss) for the period to be appropriated | 9905 | €183,349 | -€24,384 | -€207,732 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.