PALAIMA VASTGOED: 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.
PALAIMA VASTGOED
Largest movements
- Cash -€22,552
down €22,552 (-27.0%), from €83,576 to €61,024
- Receivables within one year -€13,817
no longer reported in 2025 (was €13,817)
- Tangible fixed assets -€12,477
down €12,477 (-1.5%), from €842,707 to €830,230
of which Land and buildings: -€16,535
- Trade debts -€294,507
down €294,507 (-98.1%), from €300,230 to €5,723
- Other debts +€158,680
up €158,680 (+265%), from €59,780 to €218,461
- Debts after one year +€120,276
up €120,276 (+283%), from €42,535 to €162,811
- Tax, wage and social debts -€38,361
down €38,361 (-99.4%), from €38,574 to €213
- Gross operating margin +€25,845
up €25,845 (+110%), from €23,412 to €49,257
- Depreciation +€19,938
up €19,938 (+110%), from €18,076 to €38,014
- Other operating charges +€14,254
up €14,254 (+160%), from €8,894 to €23,149
- Financial charges +€5,669
up €5,669 (+476%), from €1,191 to €6,861
- Financial income -€2,873
down €2,873 (-100.0%), from €2,873 to €0
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €940,746 | €891,959 | -€48,787 | -5.2% |
| Fixed assets | 21/28 | €842,707 | €830,230 | -€12,477 | -1.5% |
| Tangible fixed assets | 22/27 | €842,707 | €830,230 | -€12,477 | -1.5% |
| Land and buildings | 22 | €842,707 | €826,172 | -€16,535 | -2.0% |
| Furniture and vehicles | 24 | - | €4,058 | +€4,058 | |
| Current assets | 29/58 | €98,039 | €61,729 | -€36,310 | -37.0% |
| Amounts receivable within one year | 40/41 | €13,817 | - | -€13,817 | |
| Other amounts receivable | 41 | €13,817 | - | -€13,817 | |
| Cash at bank and in hand | 54/58 | €83,576 | €61,024 | -€22,552 | -27.0% |
| Deferred charges and accrued income | 490/1 | €646 | €705 | +€59 | +9.2% |
| Total equity and liabilities | 10/49 | €940,746 | €891,959 | -€48,787 | -5.2% |
| Equity | 10/15 | €403,008 | €398,070 | -€4,938 | -1.2% |
| Contributions | 10/11 | €19,831 | €19,831 | = | 0.0% |
| Reserves | 13 | €381,123 | €375,589 | -€5,535 | -1.5% |
| Non-distributable reserves | 130/1 | €1,983 | €1,983 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,983 | €1,983 | = | 0.0% |
| Tax-exempt reserves | 132 | €168,740 | €163,205 | -€5,535 | -3.3% |
| Distributable reserves | 133 | €210,401 | €210,401 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,053 | €2,650 | +€597 | +29.1% |
| Provisions and deferred taxes | 16 | €87,413 | €85,088 | -€2,325 | -2.7% |
| Deferred taxes | 168 | €87,413 | €85,088 | -€2,325 | -2.7% |
| Amounts payable | 17/49 | €450,326 | €408,801 | -€41,524 | -9.2% |
| Amounts payable after more than one year | 17 | €42,535 | €162,811 | +€120,276 | +283% |
| Financial debts | 170/4 | €42,535 | €162,811 | +€120,276 | +283% |
| Amounts payable within one year | 42/48 | €405,976 | €240,546 | -€165,430 | -40.7% |
| Current portion of amounts payable after more than one year | 42 | €7,391 | €16,149 | +€8,758 | +119% |
| Trade debts | 44 | €300,230 | €5,723 | -€294,507 | -98.1% |
| Suppliers | 440/4 | €300,230 | €5,723 | -€294,507 | -98.1% |
| Taxes, remuneration and social security | 45 | €38,574 | €213 | -€38,361 | -99.4% |
| Taxes | 450/3 | €38,574 | €213 | -€38,361 | -99.4% |
| Other amounts payable | 47/48 | €59,780 | €218,461 | +€158,680 | +265% |
| Accrued charges and deferred income | 492/3 | €1,815 | €5,445 | +€3,630 | +200% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,076 | €38,014 | +€19,938 | +110% |
| Other operating charges | 640/8 | €8,894 | €23,149 | +€14,254 | +160% |
| Gross operating margin | 9900 | €23,412 | €49,257 | +€25,845 | +110% |
| Operating profit (loss) | 9901 | -€3,558 | -€11,906 | -€8,347 | -235% |
| Financial income | 75/76B | €2,873 | €0 | -€2,873 | -100.0% |
| Recurring financial income | 75 | €2,873 | €0 | -€2,873 | -100.0% |
| Financial charges | 65/66B | €1,191 | €6,861 | +€5,669 | +476% |
| Recurring financial charges | 65 | €1,191 | €6,861 | +€5,669 | +476% |
| Profit (loss) for the period before taxes | 9903 | -€1,877 | -€18,766 | -€16,889 | -900% |
| Transfer from deferred taxes | 780 | €1,162 | €1,162 | = | 0.0% |
| Income taxes | 67/77 | - | €213 | +€213 | |
| Profit (loss) for the period | 9904 | -€714 | -€17,817 | -€17,102 | -2,394% |
| Transfer from tax-exempt reserves | 789 | €2,767 | €2,767 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,053 | -€15,049 | -€17,102 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.