PALAMO: 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.
PALAMO
Largest movements
- Cash +€8,822
up €8,822 (+83.7%), from €10,540 to €19,361
mainly Net result for the year (+€13,850) and Trade debts (+€5,528)
- Intangible fixed assets +€7,750
up €7,750 (+71.3%), from €10,872 to €18,622
- Receivables within one year +€2,919
up €2,919 (+203%), from €1,437 to €4,356
- Profit (loss) carried forward +€13,850
up €13,850 (+59.5%), from -€23,281 to -€9,431
- Trade debts +€5,528
up €5,528 (+91.9%), from €6,013 to €11,541
- Tax, wage and social debts +€940
up €940 (+170%), from €552 to €1,492
- Advances received -€828
down €828 (-100%), from €828 to €0
- Gross operating margin +€4,912
up €4,912 (+42.1%), from €11,666 to €16,578
- Depreciation +€982
up €982 (+51.5%), from €1,908 to €2,890
- Financial income +€827
up €827 (+413,720%), from €0 to €828
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 | €23,111 | €42,602 | +€19,491 | +84.3% |
| Fixed assets | 21/28 | €10,872 | €18,622 | +€7,750 | +71.3% |
| Intangible fixed assets | 21 | €10,872 | €18,622 | +€7,750 | +71.3% |
| Current assets | 29/58 | €12,240 | €23,980 | +€11,740 | +95.9% |
| Amounts receivable within one year | 40/41 | €1,437 | €4,356 | +€2,919 | +203% |
| Trade receivables | 40 | €1,437 | €4,356 | +€2,919 | +203% |
| Cash at bank and in hand | 54/58 | €10,540 | €19,361 | +€8,822 | +83.7% |
| Deferred charges and accrued income | 490/1 | €263 | €263 | = | 0.0% |
| Total equity and liabilities | 10/49 | €23,111 | €42,602 | +€19,491 | +84.3% |
| Equity | 10/15 | €1,719 | €15,569 | +€13,850 | +806% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,281 | -€9,431 | +€13,850 | +59.5% |
| Amounts payable | 17/49 | €21,392 | €27,033 | +€5,640 | +26.4% |
| Amounts payable within one year | 42/48 | €21,392 | €27,033 | +€5,640 | +26.4% |
| Trade debts | 44 | €6,013 | €11,541 | +€5,528 | +91.9% |
| Suppliers | 440/4 | €6,013 | €11,541 | +€5,528 | +91.9% |
| Advances received on contracts in progress | 46 | €828 | €0 | -€828 | -100% |
| Taxes, remuneration and social security | 45 | €552 | €1,492 | +€940 | +170% |
| Taxes | 450/3 | €552 | €1,492 | +€940 | +170% |
| Other amounts payable | 47/48 | €14,000 | €14,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,908 | €2,890 | +€982 | +51.5% |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Gross operating margin | 9900 | €11,666 | €16,578 | +€4,912 | +42.1% |
| Operating profit (loss) | 9901 | €9,230 | €13,144 | +€3,914 | +42.4% |
| Financial income | 75/76B | €0 | €828 | +€827 | +413,720% |
| Recurring financial income | 75 | €0 | €828 | +€827 | +413,720% |
| Financial charges | 65/66B | €100 | €122 | +€22 | +22.0% |
| Recurring financial charges | 65 | €100 | €122 | +€22 | +22.0% |
| Profit (loss) for the period before taxes | 9903 | €9,130 | €13,850 | +€4,720 | +51.7% |
| Profit (loss) for the period | 9904 | €9,130 | €13,850 | +€4,720 | +51.7% |
| Profit (loss) for the period to be appropriated | 9905 | €9,130 | €13,850 | +€4,720 | +51.7% |
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 29 October 2026 via checked.be.