PALAPLU: 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.
PALAPLU
Largest movements
- Receivables within one year +€27,042
up €27,042 (+144%), from €18,757 to €45,800
of which Trade receivables: +€27,878
- Cash +€14,273
up €14,273 (+9.6%), from €148,253 to €162,527
mainly Net result for the year (+€136,672) and Depreciation (+€8,098)
- Tangible fixed assets -€6,215
down €6,215 (-80.4%), from €7,727 to €1,513
of which Leasing and similar rights: -€6,711
- Reserves +€134,067
up €134,067 (+337%), from €39,726 to €173,793
- Other debts -€100,593
down €100,593 (-96.4%), from €104,371 to €3,778
- Tax, wage and social debts +€7,530
up €7,530 (+161%), from €4,669 to €12,198
- Current portion of long-term debt -€6,181
no longer reported in 2025 (was €6,181)
- Gross operating margin +€56,832
up €56,832 (+44.2%), from €128,507 to €185,339
- Taxes +€14,691
up €14,691 (+60.2%), from €24,395 to €39,086
- Depreciation -€3,936
down €3,936 (-32.7%), from €12,034 to €8,098
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 | €175,410 | €210,511 | +€35,101 | +20.0% |
| Fixed assets | 21/28 | €7,727 | €1,513 | -€6,215 | -80.4% |
| Tangible fixed assets | 22/27 | €7,727 | €1,513 | -€6,215 | -80.4% |
| Furniture and vehicles | 24 | - | €1,398 | +€1,398 | |
| Leasing and similar rights | 25 | €6,711 | - | -€6,711 | |
| Other tangible fixed assets | 26 | €1,017 | €115 | -€902 | -88.7% |
| Current assets | 29/58 | €167,683 | €208,999 | +€41,316 | +24.6% |
| Amounts receivable within one year | 40/41 | €18,757 | €45,800 | +€27,042 | +144% |
| Trade receivables | 40 | €17,915 | €45,793 | +€27,878 | +156% |
| Other amounts receivable | 41 | €842 | €6 | -€836 | -99.2% |
| Cash at bank and in hand | 54/58 | €148,253 | €162,527 | +€14,273 | +9.6% |
| Deferred charges and accrued income | 490/1 | €672 | €672 | +€0 | 0.0% |
| Total equity and liabilities | 10/49 | €175,410 | €210,511 | +€35,101 | +20.0% |
| Equity | 10/15 | €58,276 | €192,343 | +€134,067 | +230% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €39,726 | €173,793 | +€134,067 | +337% |
| Distributable reserves | 133 | €39,726 | €173,793 | +€134,067 | +337% |
| Amounts payable | 17/49 | €117,134 | €18,168 | -€98,966 | -84.5% |
| Amounts payable within one year | 42/48 | €117,134 | €18,168 | -€98,966 | -84.5% |
| Current portion of amounts payable after more than one year | 42 | €6,181 | - | -€6,181 | |
| Financial debts | 43 | €70 | €872 | +€802 | +1,139% |
| Credit institutions | 430/8 | €70 | €872 | +€802 | +1,139% |
| Trade debts | 44 | €1,844 | €1,319 | -€525 | -28.4% |
| Suppliers | 440/4 | €1,844 | €1,319 | -€525 | -28.4% |
| Taxes, remuneration and social security | 45 | €4,669 | €12,198 | +€7,530 | +161% |
| Taxes | 450/3 | €4,669 | €12,198 | +€7,530 | +161% |
| Other amounts payable | 47/48 | €104,371 | €3,778 | -€100,593 | -96.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,034 | €8,098 | -€3,936 | -32.7% |
| Other operating charges | 640/8 | €589 | €1,013 | +€424 | +72.0% |
| Gross operating margin | 9900 | €128,507 | €185,339 | +€56,832 | +44.2% |
| Operating profit (loss) | 9901 | €115,885 | €176,229 | +€60,344 | +52.1% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €349 | €471 | +€122 | +34.8% |
| Recurring financial charges | 65 | €349 | €471 | +€122 | +34.8% |
| Profit (loss) for the period before taxes | 9903 | €115,537 | €175,758 | +€60,221 | +52.1% |
| Income taxes | 67/77 | €24,395 | €39,086 | +€14,691 | +60.2% |
| Profit (loss) for the period | 9904 | €91,142 | €136,672 | +€45,530 | +50.0% |
| Profit (loss) for the period to be appropriated | 9905 | €91,142 | €136,672 | +€45,530 | +50.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.