PALAIS DU DRAGON: 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 DU DRAGON
Largest movements
- Tangible fixed assets -€30,815
down €30,815 (-4.3%), from €718,280 to €687,465
of which Furniture and vehicles: -€15,501
- Cash +€22,948
up €22,948 (+24.9%), from €92,045 to €114,992
mainly Net result for the year (+€63,924) and Depreciation (+€30,815)
- Debts after one year -€64,662
down €64,662 (-61.2%), from €105,618 to €40,956
- Reserves +€33,924
up €33,924 (+5.8%), from €583,817 to €617,741
- Other debts +€27,549
up €27,549 (+129%), from €21,356 to €48,905
- Gross operating margin -€14,177
down €14,177 (-8.3%), from €170,184 to €156,007
- Staff costs -€9,119
down €9,119 (-22.8%), from €39,972 to €30,854
- Taxes -€7,411
down €7,411 (-38.1%), from €19,435 to €12,024
- Financial charges -€6,814
down €6,814 (-46.3%), from €14,708 to €7,894
- Other operating charges +€1,711
up €1,711 (+18.8%), from €9,103 to €10,814
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 | €824,419 | €824,275 | -€144 | 0.0% |
| Fixed assets | 21/28 | €718,280 | €687,465 | -€30,815 | -4.3% |
| Tangible fixed assets | 22/27 | €718,280 | €687,465 | -€30,815 | -4.3% |
| Land and buildings | 22 | €675,074 | €660,894 | -€14,180 | -2.1% |
| Plant, machinery and equipment | 23 | €4,008 | €2,874 | -€1,134 | -28.3% |
| Furniture and vehicles | 24 | €39,198 | €23,697 | -€15,501 | -39.5% |
| Current assets | 29/58 | €106,140 | €136,810 | +€30,670 | +28.9% |
| Stocks and contracts in progress | 3 | €4,610 | €5,071 | +€460 | +10.0% |
| Stocks | 30/36 | €4,610 | €5,071 | +€460 | +10.0% |
| Amounts receivable within one year | 40/41 | €7,671 | €14,418 | +€6,748 | +88.0% |
| Trade receivables | 40 | €4,200 | €5,127 | +€927 | +22.1% |
| Other amounts receivable | 41 | €3,471 | €9,292 | +€5,821 | +168% |
| Current investments | 50/53 | €1,295 | €1,295 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €92,045 | €114,992 | +€22,948 | +24.9% |
| Deferred charges and accrued income | 490/1 | €519 | €1,034 | +€515 | +99.2% |
| Total equity and liabilities | 10/49 | €824,419 | €824,275 | -€144 | 0.0% |
| Equity | 10/15 | €602,417 | €636,341 | +€33,924 | +5.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €583,817 | €617,741 | +€33,924 | +5.8% |
| Distributable reserves | 133 | €583,817 | €617,741 | +€33,924 | +5.8% |
| Amounts payable | 17/49 | €222,003 | €187,935 | -€34,068 | -15.3% |
| Amounts payable after more than one year | 17 | €105,618 | €40,956 | -€64,662 | -61.2% |
| Financial debts | 170/4 | €105,618 | €40,956 | -€64,662 | -61.2% |
| Amounts payable within one year | 42/48 | €116,385 | €146,979 | +€30,594 | +26.3% |
| Current portion of amounts payable after more than one year | 42 | €63,786 | €65,944 | +€2,157 | +3.4% |
| Trade debts | 44 | €10,815 | €8,948 | -€1,867 | -17.3% |
| Suppliers | 440/4 | €10,815 | €8,948 | -€1,867 | -17.3% |
| Taxes, remuneration and social security | 45 | €20,427 | €23,181 | +€2,754 | +13.5% |
| Taxes | 450/3 | €14,405 | €15,279 | +€873 | +6.1% |
| Remuneration and social security | 454/9 | €6,021 | €7,902 | +€1,881 | +31.2% |
| Other amounts payable | 47/48 | €21,356 | €48,905 | +€27,549 | +129% |
| Remuneration, social security and pensions | 62 | €39,972 | €30,854 | -€9,119 | -22.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,815 | €30,815 | = | 0.0% |
| Other operating charges | 640/8 | €9,103 | €10,814 | +€1,711 | +18.8% |
| Gross operating margin | 9900 | €170,184 | €156,007 | -€14,177 | -8.3% |
| Operating profit (loss) | 9901 | €90,294 | €83,525 | -€6,769 | -7.5% |
| Financial income | 75/76B | €31 | €317 | +€285 | +912% |
| Recurring financial income | 75 | €31 | €317 | +€285 | +912% |
| Financial charges | 65/66B | €14,708 | €7,894 | -€6,814 | -46.3% |
| Recurring financial charges | 65 | €14,708 | €7,894 | -€6,814 | -46.3% |
| Profit (loss) for the period before taxes | 9903 | €75,617 | €75,948 | +€330 | +0.4% |
| Income taxes | 67/77 | €19,435 | €12,024 | -€7,411 | -38.1% |
| Profit (loss) for the period | 9904 | €56,182 | €63,924 | +€7,741 | +13.8% |
| Profit (loss) for the period to be appropriated | 9905 | €56,182 | €63,924 | +€7,741 | +13.8% |
Source: filed annual accounts (NBB), financial years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.