PALASCIMMO: what changed
Two fiscal 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.
PALASCIMMO
Largest movements
- Tangible fixed assets +€24,321
new in 2025: €24,321
- Receivables within one year -€9,790
down €9,790 (-53.0%), from €18,484 to €8,694
of which Trade receivables: -€6,726
- Cash -€4,157
down €4,157 (-29.9%), from €13,902 to €9,744
mainly Investment in fixed assets (net) (-€26,548) and Tax, wage and social debts (-€11,564)
- Debts after one year +€20,868
new in 2025: €20,868
- Tax, wage and social debts -€11,564
down €11,564 (-78.1%), from €14,814 to €3,250
of which Taxes: -€11,947
- Current portion of long-term debt +€5,301
new in 2025: €5,301
- Profit (loss) carried forward -€2,635
down €2,635, from €21 to -€2,614
- Trade debts -€1,440
no longer reported in 2025 (was €1,440)
- Gross operating margin -€21,606
down €21,606 (-41.5%), from €52,042 to €30,436
- Taxes -€7,682
down €7,682 (-93.2%), from €8,246 to €564
- Depreciation +€2,227
new in 2025: €2,227
- Staff costs +€890
up €890 (+3.1%), from €28,422 to €29,312
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 | €32,776 | €43,305 | +€10,529 | +32.1% |
| Fixed assets | 21/28 | - | €24,321 | +€24,321 | |
| Tangible fixed assets | 22/27 | - | €24,321 | +€24,321 | |
| Furniture and vehicles | 24 | - | €24,321 | +€24,321 | |
| Current assets | 29/58 | €32,776 | €18,984 | -€13,791 | -42.1% |
| Amounts receivable within one year | 40/41 | €18,484 | €8,694 | -€9,790 | -53.0% |
| Trade receivables | 40 | €14,063 | €7,336 | -€6,726 | -47.8% |
| Other amounts receivable | 41 | €4,422 | €1,358 | -€3,064 | -69.3% |
| Cash at bank and in hand | 54/58 | €13,902 | €9,744 | -€4,157 | -29.9% |
| Deferred charges and accrued income | 490/1 | €390 | €546 | +€156 | +40.0% |
| Total equity and liabilities | 10/49 | €32,776 | €43,305 | +€10,529 | +32.1% |
| Equity | 10/15 | €16,521 | €13,886 | -€2,635 | -15.9% |
| Contributions | 10/11 | €1,600 | €1,600 | = | 0.0% |
| Reserves | 13 | €14,900 | €14,900 | = | 0.0% |
| Distributable reserves | 133 | €14,900 | €14,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21 | -€2,614 | -€2,635 | |
| Amounts payable | 17/49 | €16,254 | €29,419 | +€13,164 | +81.0% |
| Amounts payable after more than one year | 17 | - | €20,868 | +€20,868 | |
| Financial debts | 170/4 | - | €20,868 | +€20,868 | |
| Amounts payable within one year | 42/48 | €16,254 | €8,551 | -€7,704 | -47.4% |
| Current portion of amounts payable after more than one year | 42 | - | €5,301 | +€5,301 | |
| Trade debts | 44 | €1,440 | - | -€1,440 | |
| Suppliers | 440/4 | €1,440 | - | -€1,440 | |
| Taxes, remuneration and social security | 45 | €14,814 | €3,250 | -€11,564 | -78.1% |
| Taxes | 450/3 | €13,214 | €1,267 | -€11,947 | -90.4% |
| Remuneration and social security | 454/9 | €1,600 | €1,983 | +€383 | +23.9% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €28,422 | €29,312 | +€890 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,227 | +€2,227 | |
| Other operating charges | 640/8 | - | €469 | +€469 | |
| Gross operating margin | 9900 | €52,042 | €30,436 | -€21,606 | -41.5% |
| Operating profit (loss) | 9901 | €23,620 | -€1,572 | -€25,193 | |
| Financial income | 75/76B | €117 | €155 | +€38 | +32.5% |
| Recurring financial income | 75 | €117 | €155 | +€38 | +32.5% |
| Financial charges | 65/66B | €349 | €653 | +€304 | +86.9% |
| Recurring financial charges | 65 | €349 | €653 | +€304 | +86.9% |
| Profit (loss) for the period before taxes | 9903 | €23,388 | -€2,070 | -€25,458 | |
| Income taxes | 67/77 | €8,246 | €564 | -€7,682 | -93.2% |
| Profit (loss) for the period | 9904 | €15,142 | -€2,635 | -€17,777 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,142 | -€2,635 | -€17,777 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.