Palasi: 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.
Palasi
Largest movements
- Receivables after one year -€26,398
down €26,398 (-100.0%), from €26,398 to €0
- Cash -€23,992
down €23,992 (-61.8%), from €38,804 to €14,812
mainly Investment in fixed assets (net) (-€25,926) and Net result for the year (-€17,157)
- Tangible fixed assets +€22,724
up €22,724 (+714.0%), from €3,183 to €25,906
of which Other tangible fixed assets: +€16,695
- Receivables within one year +€13,645
up €13,645 (+668.5%), from €2,041 to €15,686
of which Other amounts receivable: +€11,972
- Deferred charges and accrued income -€2,444
down €2,444 (-79.4%), from €3,077 to €634
- Profit (loss) carried forward -€10,167
new in 2025: -€10,167
- Reserves -€6,991
down €6,991 (-13.4%), from €52,348 to €45,357
of which Non-distributable reserves: -€6,991
- Trade debts +€1,874
up €1,874 (+106.6%), from €1,758 to €3,632
- Tax, wage and social debts -€980
down €980 (-22.7%), from €4,323 to €3,344
of which Taxes: -€980
- Gross operating margin -€31,566
down €31,566, from €26,651 to -€4,914
- Taxes -€7,169
down €7,169 (-100.0%), from €7,169 to €0
- Other operating charges +€5,507
up €5,507 (+176.4%), from €3,121 to €8,628
- Depreciation +€1,929
up €1,929 (+151.4%), from €1,274 to €3,203
- Financial income -€653
no longer reported in 2025 (was €653)
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 | €77,021 | €60,758 | -€16,263 | -21.1% |
| Fixed assets | 21/28 | €5,775 | €28,498 | +€22,724 | +393.5% |
| Tangible fixed assets | 22/27 | €3,183 | €25,906 | +€22,724 | +714.0% |
| Land and buildings | 22 | - | €0 | = | |
| Plant, machinery and equipment | 23 | €739 | €5,519 | +€4,780 | +647.1% |
| Furniture and vehicles | 24 | €2,444 | €3,692 | +€1,248 | +51.1% |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €0 | €16,695 | +€16,695 | |
| Financial fixed assets | 28 | €2,592 | €2,592 | = | 0.0% |
| Current assets | 29/58 | €71,247 | €32,260 | -€38,987 | -54.7% |
| Amounts receivable after more than one year | 29 | €26,398 | €0 | -€26,398 | -100.0% |
| Other amounts receivable | 291 | €26,398 | €0 | -€26,398 | -100.0% |
| Stocks and contracts in progress | 3 | €926 | €1,128 | +€202 | +21.8% |
| Stocks | 30/36 | €926 | €1,128 | +€202 | +21.8% |
| Amounts receivable within one year | 40/41 | €2,041 | €15,686 | +€13,645 | +668.5% |
| Trade receivables | 40 | €167 | €1,839 | +€1,672 | +1003.7% |
| Other amounts receivable | 41 | €1,875 | €13,847 | +€11,972 | +638.7% |
| Cash at bank and in hand | 54/58 | €38,804 | €14,812 | -€23,992 | -61.8% |
| Deferred charges and accrued income | 490/1 | €3,077 | €634 | -€2,444 | -79.4% |
| Total equity and liabilities | 10/49 | €77,021 | €60,758 | -€16,263 | -21.1% |
| Equity | 10/15 | €70,940 | €53,783 | -€17,157 | -24.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €52,348 | €45,357 | -€6,991 | -13.4% |
| Non-distributable reserves | 130/1 | €6,991 | €0 | -€6,991 | -100.0% |
| Reserves not available under the articles | 1311 | €1,859 | €0 | -€1,859 | -100.0% |
| Other | 1319 | €5,131 | €0 | -€5,131 | -100.0% |
| Distributable reserves | 133 | €45,357 | €45,357 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€10,167 | -€10,167 | |
| Amounts payable | 17/49 | €6,081 | €6,975 | +€894 | +14.7% |
| Amounts payable within one year | 42/48 | €6,081 | €6,975 | +€894 | +14.7% |
| Trade debts | 44 | €1,758 | €3,632 | +€1,874 | +106.6% |
| Suppliers | 440/4 | €1,758 | €3,632 | +€1,874 | +106.6% |
| Taxes, remuneration and social security | 45 | €4,323 | €3,344 | -€980 | -22.7% |
| Taxes | 450/3 | €4,323 | €3,344 | -€980 | -22.7% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €0 | €0 | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Turnover | 70 | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,274 | €3,203 | +€1,929 | +151.4% |
| Other operating charges | 640/8 | €3,121 | €8,628 | +€5,507 | +176.4% |
| Gross operating margin | 9900 | €26,651 | -€4,914 | -€31,566 | |
| Operating profit (loss) | 9901 | €22,256 | -€16,746 | -€39,002 | |
| Financial income | 75/76B | €653 | - | -€653 | |
| Recurring financial income | 75 | €653 | - | -€653 | |
| Financial charges | 65/66B | €305 | €412 | +€107 | +35.0% |
| Recurring financial charges | 65 | €305 | €412 | +€107 | +35.0% |
| Profit (loss) for the period before taxes | 9903 | €22,605 | -€17,157 | -€39,762 | |
| Income taxes | 67/77 | €7,169 | €0 | -€7,169 | -100.0% |
| Profit (loss) for the period | 9904 | €15,436 | -€17,157 | -€32,593 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,436 | -€17,157 | -€32,593 |
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 9 October 2026 via checked.be.