PALATIN: 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.
PALATIN
Largest movements
- Receivables within one year +€2.2m
up €2.2m (+34.2%), from €6.3m to €8.4m
of which Other amounts receivable: +€2.1m
- Tangible fixed assets -€1.0m
down €1.0m (-86.1%), from €1.2m to €165,915
of which Land and buildings: -€975,800
- Current investments -€539,546
down €539,546 (-5.1%), from €10.5m to €10.0m
- Financial fixed assets +€268,366
up €268,366 (+19.8%), from €1.4m to €1.6m
- Deferred charges and accrued income -€229,110
down €229,110 (-72.1%), from €317,678 to €88,568
- Profit (loss) carried forward +€973,747
up €973,747 (+7.8%), from -€12.4m to -€11.5m
- Financial charges -€2.2m
down €2.2m (-89.8%), from €2.5m to €251,291
of which Non-recurring financial charges: -€2.3m
- Gross operating margin +€328,218
up €328,218 (+10,351%), from €3,171 to €331,388
- Taxes +€301,554
up €301,554, from -€227,916 to €73,638
- Financial income +€177,703
up €177,703 (+20.8%), from €852,587 to €1.0m
- Depreciation -€66,669
down €66,669 (-55.1%), from €120,933 to €54,264
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,696,417 | €20,363,788 | +€667,370 | +3.4% |
| Fixed assets | 21/28 | €2,548,655 | €1,786,957 | -€761,698 | -29.9% |
| Tangible fixed assets | 22/27 | €1,195,979 | €165,915 | -€1.0m | -86.1% |
| Land and buildings | 22 | €975,800 | - | -€975,800 | |
| Furniture and vehicles | 24 | €202,012 | €153,267 | -€48,745 | -24.1% |
| Other tangible fixed assets | 26 | €16,168 | €10,649 | -€5,519 | -34.1% |
| Assets under construction and advance payments | 27 | €2,000 | €2,000 | = | 0.0% |
| Financial fixed assets | 28 | €1,352,676 | €1,621,042 | +€268,366 | +19.8% |
| Current assets | 29/58 | €17,147,762 | €18,576,831 | +€1.4m | +8.3% |
| Amounts receivable within one year | 40/41 | €6,287,037 | €8,438,950 | +€2.2m | +34.2% |
| Trade receivables | 40 | - | €3,000 | +€3,000 | |
| Other amounts receivable | 41 | €6,287,037 | €8,435,950 | +€2.1m | +34.2% |
| Current investments | 50/53 | €10,502,901 | €9,963,354 | -€539,546 | -5.1% |
| Cash at bank and in hand | 54/58 | €40,146 | €85,959 | +€45,813 | +114% |
| Deferred charges and accrued income | 490/1 | €317,678 | €88,568 | -€229,110 | -72.1% |
| Total equity and liabilities | 10/49 | €19,696,417 | €20,363,788 | +€667,370 | +3.4% |
| Equity | 10/15 | €19,322,994 | €20,296,740 | +€973,747 | +5.0% |
| Contributions | 10/11 | €31,318,550 | €31,318,550 | = | 0.0% |
| Reserves | 13 | €433,500 | €433,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100,000 | - | -€100,000 | |
| Reserves not available under the articles | 1311 | €100,000 | - | -€100,000 | |
| Distributable reserves | 133 | €333,500 | €433,500 | +€100,000 | +30.0% |
| Profit (loss) carried forward | 14 | -€12,429,056 | -€11,455,310 | +€973,747 | +7.8% |
| Amounts payable | 17/49 | €373,424 | €67,048 | -€306,376 | -82.0% |
| Amounts payable after more than one year | 17 | €103,625 | - | -€103,625 | |
| Financial debts | 170/4 | €103,625 | - | -€103,625 | |
| Amounts payable within one year | 42/48 | €262,692 | €57,740 | -€204,952 | -78.0% |
| Current portion of amounts payable after more than one year | 42 | €164,000 | - | -€164,000 | |
| Financial debts | 43 | €17,510 | €2,256 | -€15,253 | -87.1% |
| Credit institutions | 430/8 | €17,510 | €2,256 | -€15,253 | -87.1% |
| Trade debts | 44 | €26,182 | €34,483 | +€8,301 | +31.7% |
| Suppliers | 440/4 | €26,182 | €34,483 | +€8,301 | +31.7% |
| Taxes, remuneration and social security | 45 | €55,000 | €21,000 | -€34,000 | -61.8% |
| Taxes | 450/3 | €55,000 | €21,000 | -€34,000 | -61.8% |
| Accrued charges and deferred income | 492/3 | €7,107 | €9,308 | +€2,201 | +31.0% |
| Non-recurring operating income | 76A | - | €10,025 | +€10,025 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €120,933 | €54,264 | -€66,669 | -55.1% |
| Other operating charges | 640/8 | €7,175 | €8,737 | +€1,562 | +21.8% |
| Gross operating margin | 9900 | €3,171 | €331,388 | +€328,218 | +10,351% |
| Operating profit (loss) | 9901 | -€124,937 | €268,387 | +€393,324 | |
| Financial income | 75/76B | €852,587 | €1,030,290 | +€177,703 | +20.8% |
| Recurring financial income | 75 | €852,587 | €1,030,290 | +€177,703 | +20.8% |
| Financial charges | 65/66B | €2,458,652 | €251,291 | -€2.2m | -89.8% |
| Recurring financial charges | 65 | €98,812 | €161,291 | +€62,480 | +63.2% |
| Non-recurring financial charges | 66B | €2,359,840 | €90,000 | -€2.3m | -96.2% |
| Profit (loss) for the period before taxes | 9903 | -€1,731,002 | €1,047,385 | +€2.8m | |
| Income taxes | 67/77 | -€227,916 | €73,638 | +€301,554 | |
| Profit (loss) for the period | 9904 | -€1,503,087 | €973,747 | +€2.5m | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,503,087 | €973,747 | +€2.5m |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.