PALAIS DE MING: 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.
PALAIS DE MING
Largest movements
- Tangible fixed assets +€9,827
up €9,827 (+8.8%), from €112,119 to €121,946
of which Furniture and vehicles: +€14,084
- Receivables within one year +€4,588
up €4,588 (+142%), from €3,236 to €7,824
of which Other amounts receivable: +€4,588
- Profit (loss) carried forward +€15,321
up €15,321 (+165%), from €9,279 to €24,600
- Current portion of long-term debt -€5,971
down €5,971 (-51.9%), from €11,498 to €5,528
- Tax, wage and social debts +€4,268
up €4,268 (+814%), from €524 to €4,792
of which Taxes: +€4,468
- Trade debts +€1,585
up €1,585 (+27.1%), from €5,848 to €7,434
- Gross operating margin +€22,131
up €22,131 (+125%), from €17,640 to €39,771
- Taxes +€4,743
up €4,743, from -€29 to €4,714
- Depreciation +€2,956
up €2,956 (+61.6%), from €4,796 to €7,752
- Other operating charges -€555
down €555 (-4.4%), from €12,518 to €11,962
- Financial charges -€501
down €501 (-70.6%), from €709 to €208
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 | €141,408 | €156,866 | +€15,458 | +10.9% |
| Fixed assets | 21/28 | €112,299 | €122,126 | +€9,827 | +8.8% |
| Tangible fixed assets | 22/27 | €112,119 | €121,946 | +€9,827 | +8.8% |
| Furniture and vehicles | 24 | €9,234 | €23,318 | +€14,084 | +153% |
| Leasing and similar rights | 25 | €102,885 | €98,628 | -€4,257 | -4.1% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €29,109 | €34,740 | +€5,631 | +19.3% |
| Stocks and contracts in progress | 3 | €7,108 | €7,056 | -€52 | -0.7% |
| Stocks | 30/36 | €7,108 | €7,056 | -€52 | -0.7% |
| Amounts receivable within one year | 40/41 | €3,236 | €7,824 | +€4,588 | +142% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €3,236 | €7,824 | +€4,588 | +142% |
| Cash at bank and in hand | 54/58 | €18,765 | €19,860 | +€1,095 | +5.8% |
| Total equity and liabilities | 10/49 | €141,408 | €156,866 | +€15,458 | +10.9% |
| Equity | 10/15 | €28,209 | €43,530 | +€15,321 | +54.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €330 | €330 | = | 0.0% |
| Distributable reserves | 133 | €330 | €330 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,279 | €24,600 | +€15,321 | +165% |
| Amounts payable | 17/49 | €113,199 | €113,336 | +€137 | +0.1% |
| Amounts payable after more than one year | 17 | €94,983 | €95,339 | +€356 | +0.4% |
| Financial debts | 170/4 | €94,983 | €95,339 | +€356 | +0.4% |
| Amounts payable within one year | 42/48 | €18,216 | €17,997 | -€218 | -1.2% |
| Current portion of amounts payable after more than one year | 42 | €11,498 | €5,528 | -€5,971 | -51.9% |
| Trade debts | 44 | €5,848 | €7,434 | +€1,585 | +27.1% |
| Suppliers | 440/4 | €5,848 | €7,434 | +€1,585 | +27.1% |
| Taxes, remuneration and social security | 45 | €524 | €4,792 | +€4,268 | +814% |
| Taxes | 450/3 | €324 | €4,792 | +€4,468 | +1,377% |
| Remuneration and social security | 454/9 | €200 | €0 | -€200 | -100% |
| Other amounts payable | 47/48 | €345 | €244 | -€101 | -29.3% |
| Non-recurring operating income | 76A | - | €7,655 | +€7,655 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,796 | €7,752 | +€2,956 | +61.6% |
| Other operating charges | 640/8 | €12,518 | €11,962 | -€555 | -4.4% |
| Gross operating margin | 9900 | €17,640 | €39,771 | +€22,131 | +125% |
| Operating profit (loss) | 9901 | €326 | €20,056 | +€19,730 | +6,052% |
| Financial income | 75/76B | €562 | €187 | -€375 | -66.7% |
| Recurring financial income | 75 | €562 | €187 | -€375 | -66.7% |
| Financial charges | 65/66B | €709 | €208 | -€501 | -70.6% |
| Recurring financial charges | 65 | €709 | €208 | -€501 | -70.6% |
| Profit (loss) for the period before taxes | 9903 | €179 | €20,035 | +€19,856 | +11,116% |
| Income taxes | 67/77 | -€29 | €4,714 | +€4,743 | |
| Profit (loss) for the period | 9904 | €207 | €15,321 | +€15,113 | +7,286% |
| Profit (loss) for the period to be appropriated | 9905 | €207 | €15,321 | +€15,113 | +7,286% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.