PALAK: 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.
PALAK
Largest movements
- Receivables within one year +€1,066
up €1,066 (+21281.2%), from €5 to €1,071
of which Trade receivables: +€1,071
- Tangible fixed assets -€236
down €236 (-100.0%), from €236 to €0
of which Furniture and vehicles: -€236
- Profit (loss) carried forward +€2,921
up €2,921 (+4.5%), from -€64,606 to -€61,685
- Trade debts -€1,499
down €1,499 (-69.3%), from €2,162 to €663
- Tax, wage and social debts -€390
down €390 (-77.9%), from €501 to €111
of which Taxes: -€390
- Staff costs -€13,200
no longer reported in 2025 (was €13,200)
- Gross operating margin -€10,942
down €10,942 (-61.9%), from €17,674 to €6,733
- Other operating charges +€2,541
up €2,541 (+283.4%), from €897 to €3,438
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.
Cash bridge derived
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 | €12,668 | €13,786 | +€1,118 | +8.8% |
| Fixed assets | 21/28 | €236 | €100 | -€136 | -57.7% |
| Tangible fixed assets | 22/27 | €236 | €0 | -€236 | -100.0% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €236 | €0 | -€236 | -100.0% |
| Financial fixed assets | 28 | - | €100 | +€100 | |
| Current assets | 29/58 | €12,432 | €13,686 | +€1,254 | +10.1% |
| Stocks and contracts in progress | 3 | €10,463 | €10,517 | +€54 | +0.5% |
| Stocks | 30/36 | €10,463 | €10,517 | +€54 | +0.5% |
| Amounts receivable within one year | 40/41 | €5 | €1,071 | +€1,066 | +21281.2% |
| Trade receivables | 40 | - | €1,071 | +€1,071 | |
| Other amounts receivable | 41 | €5 | €0 | -€5 | -100.0% |
| Cash at bank and in hand | 54/58 | €1,964 | €2,098 | +€134 | +6.8% |
| Total equity and liabilities | 10/49 | €12,668 | €13,786 | +€1,118 | +8.8% |
| Equity | 10/15 | -€46,006 | -€43,085 | +€2,921 | +6.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€64,606 | -€61,685 | +€2,921 | +4.5% |
| Amounts payable | 17/49 | €58,674 | €56,871 | -€1,803 | -3.1% |
| Amounts payable within one year | 42/48 | €58,674 | €56,871 | -€1,803 | -3.1% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €2,162 | €663 | -€1,499 | -69.3% |
| Suppliers | 440/4 | €2,162 | €663 | -€1,499 | -69.3% |
| Taxes, remuneration and social security | 45 | €501 | €111 | -€390 | -77.9% |
| Taxes | 450/3 | €501 | €111 | -€390 | -77.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €56,012 | €56,097 | +€86 | +0.2% |
| Remuneration, social security and pensions | 62 | €13,200 | - | -€13,200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €355 | €236 | -€119 | -33.4% |
| Other operating charges | 640/8 | €897 | €3,438 | +€2,541 | +283.4% |
| Gross operating margin | 9900 | €17,674 | €6,733 | -€10,942 | -61.9% |
| Operating profit (loss) | 9901 | €3,223 | €3,058 | -€164 | -5.1% |
| Financial charges | 65/66B | - | €54 | +€54 | |
| Recurring financial charges | 65 | - | €54 | +€54 | |
| Profit (loss) for the period before taxes | 9903 | €3,223 | €3,004 | -€218 | -6.8% |
| Income taxes | 67/77 | €75 | €84 | +€8 | +10.8% |
| Profit (loss) for the period | 9904 | €3,147 | €2,921 | -€226 | -7.2% |
| Profit (loss) for the period to be appropriated | 9905 | €3,147 | €2,921 | -€226 | -7.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.