PALAGRI: 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.
PALAGRI
Largest movements
- Stocks and contracts -€8,233
down €8,233 (-53.8%), from €15,314 to €7,081
- Profit (loss) carried forward -€18,196
down €18,196 (-32.3%), from €56,356 to €38,160
- Other debts +€8,718
up €8,718 (+57.4%), from €15,179 to €23,897
- Gross operating margin -€19,243
down €19,243, from €15,994 to -€3,248
- Depreciation -€5,116
down €5,116 (-28.0%), from €18,247 to €13,131
- Financial income -€216
down €216 (-78.3%), from €276 to €60
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 | €485,877 | €476,360 | -€9,517 | -2.0% |
| Fixed assets | 21/28 | €297,033 | €293,652 | -€3,381 | -1.1% |
| Tangible fixed assets | 22/27 | €297,033 | €293,652 | -€3,381 | -1.1% |
| Land and buildings | 22 | €293,643 | €282,767 | -€10,876 | -3.7% |
| Plant, machinery and equipment | 23 | €3,390 | €10,885 | +€7,495 | +221% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €188,844 | €182,708 | -€6,135 | -3.2% |
| Stocks and contracts in progress | 3 | €15,314 | €7,081 | -€8,233 | -53.8% |
| Stocks | 30/36 | €15,314 | €7,081 | -€8,233 | -53.8% |
| Amounts receivable within one year | 40/41 | €11,818 | €15,622 | +€3,804 | +32.2% |
| Other amounts receivable | 41 | €11,818 | €15,622 | +€3,804 | +32.2% |
| Current investments | 50/53 | €6,395 | €6,305 | -€90 | -1.4% |
| Cash at bank and in hand | 54/58 | €154,201 | €152,493 | -€1,709 | -1.1% |
| Deferred charges and accrued income | 490/1 | €1,116 | €1,208 | +€92 | +8.3% |
| Total equity and liabilities | 10/49 | €485,877 | €476,360 | -€9,517 | -2.0% |
| Equity | 10/15 | €70,616 | €52,420 | -€18,196 | -25.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56,356 | €38,160 | -€18,196 | -32.3% |
| Amounts payable | 17/49 | €415,260 | €423,940 | +€8,679 | +2.1% |
| Amounts payable after more than one year | 17 | €400,000 | €400,000 | = | 0.0% |
| Other amounts payable | 178/9 | €400,000 | €400,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €15,260 | €23,940 | +€8,679 | +56.9% |
| Trade debts | 44 | €81 | €42 | -€39 | -48.1% |
| Suppliers | 440/4 | €81 | €42 | -€39 | -48.1% |
| Other amounts payable | 47/48 | €15,179 | €23,897 | +€8,718 | +57.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,247 | €13,131 | -€5,116 | -28.0% |
| Other operating charges | 640/8 | €1,751 | €1,811 | +€60 | +3.4% |
| Gross operating margin | 9900 | €15,994 | -€3,248 | -€19,243 | |
| Operating profit (loss) | 9901 | -€4,004 | -€18,190 | -€14,187 | -354% |
| Financial income | 75/76B | €276 | €60 | -€216 | -78.3% |
| Recurring financial income | 75 | €276 | €60 | -€216 | -78.3% |
| Financial charges | 65/66B | €69 | €65 | -€4 | -5.2% |
| Recurring financial charges | 65 | €69 | €65 | -€4 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | -€3,797 | -€18,196 | -€14,399 | -379% |
| Profit (loss) for the period | 9904 | -€3,797 | -€18,196 | -€14,399 | -379% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,797 | -€18,196 | -€14,399 | -379% |
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.