PALAIS IMPERIAL: 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 IMPERIAL
Largest movements
- Tangible fixed assets +€47,915
up €47,915 (+49.0%), from €97,881 to €145,796
of which Plant, machinery and equipment: +€46,486
- Receivables within one year -€14,541
down €14,541 (-23.5%), from €62,000 to €47,459
of which Other amounts receivable: -€17,041
- Cash +€11,016
up €11,016 (+8.9%), from €123,250 to €134,266
mainly Debts after one year (+€36,018) and Depreciation (+€33,206)
- Stocks and contracts +€3,512
up €3,512 (+78.3%), from €4,488 to €8,000
- Reserves +€84,045
up €84,045 (+82.7%), from €101,586 to €185,631
of which Distributable reserves: +€84,045
- Profit (loss) carried forward -€76,498
no longer reported in 2025 (was €76,498)
- Debts after one year +€36,018
up €36,018 (+30,940%), from €116 to €36,134
- Trade debts +€19,797
up €19,797 (+145%), from €13,633 to €33,430
- Other debts -€16,327
no longer reported in 2025 (was €16,327)
- Gross operating margin -€50,712
down €50,712 (-43.5%), from €116,679 to €65,967
- Taxes -€18,546
down €18,546 (-93.9%), from €19,745 to €1,199
- Financial charges +€3,618
up €3,618 (+245%), from €1,475 to €5,093
- Other operating charges -€2,722
down €2,722 (-69.1%), from €3,941 to €1,219
- Depreciation +€2,684
up €2,684 (+8.8%), from €30,522 to €33,206
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 | €294,115 | €341,549 | +€47,434 | +16.1% |
| Fixed assets | 21/28 | €99,414 | €146,615 | +€47,201 | +47.5% |
| Intangible fixed assets | 21 | €1,274 | €560 | -€714 | -56.0% |
| Tangible fixed assets | 22/27 | €97,881 | €145,796 | +€47,915 | +49.0% |
| Plant, machinery and equipment | 23 | €84,715 | €131,201 | +€46,486 | +54.9% |
| Furniture and vehicles | 24 | - | €4,720 | +€4,720 | |
| Other tangible fixed assets | 26 | €13,166 | €9,875 | -€3,291 | -25.0% |
| Financial fixed assets | 28 | €259 | €259 | -€0 | -0.2% |
| Current assets | 29/58 | €194,701 | €194,934 | +€233 | +0.1% |
| Stocks and contracts in progress | 3 | €4,488 | €8,000 | +€3,512 | +78.3% |
| Stocks | 30/36 | €4,488 | €8,000 | +€3,512 | +78.3% |
| Amounts receivable within one year | 40/41 | €62,000 | €47,459 | -€14,541 | -23.5% |
| Trade receivables | 40 | - | €2,500 | +€2,500 | |
| Other amounts receivable | 41 | €62,000 | €44,959 | -€17,041 | -27.5% |
| Cash at bank and in hand | 54/58 | €123,250 | €134,266 | +€11,016 | +8.9% |
| Deferred charges and accrued income | 490/1 | €4,963 | €5,209 | +€246 | +5.0% |
| Total equity and liabilities | 10/49 | €294,115 | €341,549 | +€47,434 | +16.1% |
| Equity | 10/15 | €222,084 | €229,631 | +€7,547 | +3.4% |
| Contributions | 10/11 | €44,000 | €44,000 | = | 0.0% |
| Reserves | 13 | €101,586 | €185,631 | +€84,045 | +82.7% |
| Non-distributable reserves | 130/1 | €4,400 | €4,400 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,400 | €4,400 | = | 0.0% |
| Distributable reserves | 133 | €97,186 | €181,231 | +€84,045 | +86.5% |
| Profit (loss) carried forward | 14 | €76,498 | - | -€76,498 | |
| Amounts payable | 17/49 | €72,031 | €111,918 | +€39,887 | +55.4% |
| Amounts payable after more than one year | 17 | €116 | €36,134 | +€36,018 | +30,940% |
| Financial debts | 170/4 | €116 | €36,134 | +€36,018 | +30,940% |
| Amounts payable within one year | 42/48 | €71,914 | €75,784 | +€3,870 | +5.4% |
| Current portion of amounts payable after more than one year | 42 | €5,914 | €12,644 | +€6,730 | +114% |
| Trade debts | 44 | €13,633 | €33,430 | +€19,797 | +145% |
| Suppliers | 440/4 | €13,633 | €33,430 | +€19,797 | +145% |
| Taxes, remuneration and social security | 45 | €36,041 | €29,710 | -€6,331 | -17.6% |
| Taxes | 450/3 | €29,136 | €20,966 | -€8,170 | -28.0% |
| Remuneration and social security | 454/9 | €6,905 | €8,744 | +€1,839 | +26.6% |
| Other amounts payable | 47/48 | €16,327 | - | -€16,327 | |
| Non-recurring operating income | 76A | - | €13,128 | +€13,128 | |
| Remuneration, social security and pensions | 62 | €20,298 | €17,703 | -€2,595 | -12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,522 | €33,206 | +€2,684 | +8.8% |
| Other operating charges | 640/8 | €3,941 | €1,219 | -€2,722 | -69.1% |
| Gross operating margin | 9900 | €116,679 | €65,967 | -€50,712 | -43.5% |
| Operating profit (loss) | 9901 | €61,918 | €13,839 | -€48,079 | -77.6% |
| Financial charges | 65/66B | €1,475 | €5,093 | +€3,618 | +245% |
| Recurring financial charges | 65 | €1,475 | €5,093 | +€3,618 | +245% |
| Profit (loss) for the period before taxes | 9903 | €60,442 | €8,746 | -€51,696 | -85.5% |
| Income taxes | 67/77 | €19,745 | €1,199 | -€18,546 | -93.9% |
| Profit (loss) for the period | 9904 | €40,697 | €7,547 | -€33,150 | -81.5% |
| Profit (loss) for the period to be appropriated | 9905 | €40,697 | €7,547 | -€33,150 | -81.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.