PALATINA: 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.
PALATINA
Largest movements
- Tangible fixed assets -€14,063
down €14,063 (-42.0%), from €33,461 to €19,398
of which Furniture and vehicles: -€11,750
- Intangible fixed assets -€10,000
down €10,000 (-30.8%), from €32,500 to €22,500
- Cash -€6,014
down €6,014 (-5.9%), from €101,598 to €95,584
mainly Contributions, distributions and other (-€45,876) and Current portion of long-term debt (-€12,193)
- Receivables within one year +€5,110
up €5,110 (+149%), from €3,421 to €8,531
- Current portion of long-term debt -€12,193
down €12,193 (-53.4%), from €22,855 to €10,662
- Debts after one year -€10,662
down €10,662 (-18.8%), from €56,825 to €46,163
- Trade debts +€2,079
up €2,079 (+58.7%), from €3,539 to €5,618
- Gross operating margin +€7,732
up €7,732 (+10.8%), from €71,768 to €79,501
- Depreciation +€1,804
up €1,804 (+8.1%), from €22,259 to €24,063
- Financial charges -€900
down €900 (-25.7%), from €3,505 to €2,605
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 | €195,643 | €172,231 | -€23,412 | -12.0% |
| Fixed assets | 21/28 | €71,961 | €47,898 | -€24,063 | -33.4% |
| Intangible fixed assets | 21 | €32,500 | €22,500 | -€10,000 | -30.8% |
| Tangible fixed assets | 22/27 | €33,461 | €19,398 | -€14,063 | -42.0% |
| Plant, machinery and equipment | 23 | €8,513 | €6,199 | -€2,313 | -27.2% |
| Furniture and vehicles | 24 | €24,949 | €13,199 | -€11,750 | -47.1% |
| Financial fixed assets | 28 | €6,000 | €6,000 | = | 0.0% |
| Current assets | 29/58 | €123,682 | €124,333 | +€651 | +0.5% |
| Amounts receivable within one year | 40/41 | €3,421 | €8,531 | +€5,110 | +149% |
| Other amounts receivable | 41 | €3,421 | €8,531 | +€5,110 | +149% |
| Cash at bank and in hand | 54/58 | €101,598 | €95,584 | -€6,014 | -5.9% |
| Deferred charges and accrued income | 490/1 | €18,663 | €20,218 | +€1,555 | +8.3% |
| Total equity and liabilities | 10/49 | €195,643 | €172,231 | -€23,412 | -12.0% |
| Equity | 10/15 | €20,460 | €18,600 | -€1,860 | -9.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | €1,860 | €0 | -€1,860 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €175,183 | €153,631 | -€21,552 | -12.3% |
| Amounts payable after more than one year | 17 | €56,825 | €46,163 | -€10,662 | -18.8% |
| Financial debts | 170/4 | €56,825 | €46,163 | -€10,662 | -18.8% |
| Amounts payable within one year | 42/48 | €113,015 | €100,676 | -€12,339 | -10.9% |
| Current portion of amounts payable after more than one year | 42 | €22,855 | €10,662 | -€12,193 | -53.4% |
| Trade debts | 44 | €3,539 | €5,618 | +€2,079 | +58.7% |
| Suppliers | 440/4 | €3,539 | €5,618 | +€2,079 | +58.7% |
| Taxes, remuneration and social security | 45 | €1,060 | €0 | -€1,060 | -100% |
| Taxes | 450/3 | €1,060 | €0 | -€1,060 | -100% |
| Other amounts payable | 47/48 | €85,561 | €84,397 | -€1,165 | -1.4% |
| Accrued charges and deferred income | 492/3 | €5,343 | €6,792 | +€1,449 | +27.1% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,259 | €24,063 | +€1,804 | +8.1% |
| Other operating charges | 640/8 | €1,231 | €830 | -€401 | -32.6% |
| Gross operating margin | 9900 | €71,768 | €79,501 | +€7,732 | +10.8% |
| Operating profit (loss) | 9901 | €48,278 | €54,608 | +€6,330 | +13.1% |
| Financial income | 75/76B | €569 | €1,290 | +€721 | +127% |
| Recurring financial income | 75 | €569 | €1,290 | +€721 | +127% |
| Financial charges | 65/66B | €3,505 | €2,605 | -€900 | -25.7% |
| Recurring financial charges | 65 | €3,505 | €2,605 | -€900 | -25.7% |
| Profit (loss) for the period before taxes | 9903 | €45,342 | €53,293 | +€7,951 | +17.5% |
| Income taxes | 67/77 | €9,579 | €9,277 | -€302 | -3.2% |
| Profit (loss) for the period | 9904 | €35,762 | €44,016 | +€8,254 | +23.1% |
| Profit (loss) for the period to be appropriated | 9905 | €35,762 | €44,016 | +€8,254 | +23.1% |
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 13 October 2026 via checked.be.