PALAIS 12: what changed
PALAIS 12
Largest movements
- Tangible fixed assets +€26,133
up €26,133 (+13.3%), from €196,802 to €222,935
of which Plant, machinery and equipment: +€25,289
- Cash -€22,431
down €22,431 (-8.3%), from €270,765 to €248,334
mainly Investment in fixed assets (net) (-€40,099) and Receivables within one year (-€9,913)
- Receivables within one year +€9,913
up €9,913 (+19.1%), from €51,917 to €61,830
of which Other amounts receivable: +€8,826
- Trade debts +€26,183
up €26,183 (+1,934%), from €1,354 to €27,537
- Tax, wage and social debts -€9,157
down €9,157 (-75.0%), from €12,215 to €3,058
- Debts after one year -€8,476
down €8,476 (-6.9%), from €123,335 to €114,859
- Other debts +€6,610
up €6,610 (+219%), from €3,023 to €9,633
- Gross operating margin -€67,409
down €67,409 (-67.2%), from €100,248 to €32,839
- Taxes -€22,436
down €22,436 (-90.7%), from €24,735 to €2,299
- Other operating charges +€8,943
up €8,943 (+417%), from €2,142 to €11,086
- Depreciation +€2,809
up €2,809 (+25.2%), from €11,157 to €13,966
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €521,435 | €539,133 | +€17,698 | +3.4% |
| Fixed assets | 21/28 | €196,802 | €222,935 | +€26,133 | +13.3% |
| Tangible fixed assets | 22/27 | €196,802 | €222,935 | +€26,133 | +13.3% |
| Land and buildings | 22 | €189,637 | €183,846 | -€5,790 | -3.1% |
| Plant, machinery and equipment | 23 | €627 | €25,916 | +€25,289 | +4,034% |
| Furniture and vehicles | 24 | €5,017 | €12,797 | +€7,781 | +155% |
| Other tangible fixed assets | 26 | €1,521 | €375 | -€1,146 | -75.3% |
| Current assets | 29/58 | €324,633 | €316,198 | -€8,435 | -2.6% |
| Amounts receivable within one year | 40/41 | €51,917 | €61,830 | +€9,913 | +19.1% |
| Trade receivables | 40 | €14,429 | €15,516 | +€1,087 | +7.5% |
| Other amounts receivable | 41 | €37,488 | €46,314 | +€8,826 | +23.5% |
| Cash at bank and in hand | 54/58 | €270,765 | €248,334 | -€22,431 | -8.3% |
| Deferred charges and accrued income | 490/1 | €1,951 | €6,034 | +€4,083 | +209% |
| Total equity and liabilities | 10/49 | €521,435 | €539,133 | +€17,698 | +3.4% |
| Equity | 10/15 | €372,336 | €375,570 | +€3,234 | +0.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €310,073 | €313,307 | +€3,234 | +1.0% |
| Distributable reserves | 133 | €310,073 | €313,307 | +€3,234 | +1.0% |
| Profit (loss) carried forward | 14 | €56,063 | €56,063 | = | 0.0% |
| Amounts payable | 17/49 | €149,099 | €163,563 | +€14,464 | +9.7% |
| Amounts payable after more than one year | 17 | €123,335 | €114,859 | -€8,476 | -6.9% |
| Financial debts | 170/4 | €123,335 | €114,859 | -€8,476 | -6.9% |
| Amounts payable within one year | 42/48 | €24,914 | €48,704 | +€23,790 | +95.5% |
| Current portion of amounts payable after more than one year | 42 | €8,322 | €8,476 | +€154 | +1.9% |
| Trade debts | 44 | €1,354 | €27,537 | +€26,183 | +1,934% |
| Suppliers | 440/4 | €1,354 | €27,537 | +€26,183 | +1,934% |
| Taxes, remuneration and social security | 45 | €12,215 | €3,058 | -€9,157 | -75.0% |
| Taxes | 450/3 | €12,215 | €3,058 | -€9,157 | -75.0% |
| Other amounts payable | 47/48 | €3,023 | €9,633 | +€6,610 | +219% |
| Accrued charges and deferred income | 492/3 | €850 | - | -€850 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,157 | €13,966 | +€2,809 | +25.2% |
| Other operating charges | 640/8 | €2,142 | €11,086 | +€8,943 | +417% |
| Gross operating margin | 9900 | €100,248 | €32,839 | -€67,409 | -67.2% |
| Operating profit (loss) | 9901 | €86,949 | €7,787 | -€79,161 | -91.0% |
| Financial income | 75/76B | €831 | €440 | -€390 | -47.0% |
| Recurring financial income | 75 | €831 | €440 | -€390 | -47.0% |
| Financial charges | 65/66B | €3,199 | €2,695 | -€504 | -15.8% |
| Recurring financial charges | 65 | €3,199 | €2,695 | -€504 | -15.8% |
| Profit (loss) for the period before taxes | 9903 | €84,580 | €5,533 | -€79,047 | -93.5% |
| Income taxes | 67/77 | €24,735 | €2,299 | -€22,436 | -90.7% |
| Profit (loss) for the period | 9904 | €59,846 | €3,234 | -€56,612 | -94.6% |
| Profit (loss) for the period to be appropriated | 9905 | €59,846 | €3,234 | -€56,612 | -94.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.