PALATINO: 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.
PALATINO
Largest movements
- Cash -€7,962
down €7,962 (-35.6%), from €22,345 to €14,383
mainly Net result for the year (-€11,930) and Trade debts (-€1,410)
- Tangible fixed assets -€3,506
down €3,506 (-77.7%), from €4,515 to €1,009
of which Other tangible fixed assets: -€2,092
- Profit (loss) carried forward -€11,930
down €11,930 (-70.6%), from -€16,895 to -€28,824
- Trade debts -€1,410
down €1,410 (-90.6%), from €1,556 to €146
- Other debts +€1,248
up €1,248 (+87.1%), from €1,432 to €2,680
- Gross operating margin -€10,687
down €10,687, from €3,060 to -€7,626
- Depreciation -€1,407
down €1,407 (-49.9%), from €2,821 to €1,414
- Financial income -€136
down €136 (-100%), from €136 to €0
- Financial charges +€130
up €130 (+88.5%), from €147 to €277
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 | €42,460 | €30,473 | -€11,987 | -28.2% |
| Fixed assets | 21/28 | €4,665 | €1,009 | -€3,656 | -78.4% |
| Tangible fixed assets | 22/27 | €4,515 | €1,009 | -€3,506 | -77.7% |
| Furniture and vehicles | 24 | €2,423 | €1,009 | -€1,414 | -58.4% |
| Other tangible fixed assets | 26 | €2,092 | €0 | -€2,092 | -100% |
| Financial fixed assets | 28 | €150 | €0 | -€150 | -100% |
| Current assets | 29/58 | €37,795 | €29,464 | -€8,331 | -22.0% |
| Amounts receivable within one year | 40/41 | €3,330 | €2,961 | -€369 | -11.1% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €3,330 | €2,961 | -€369 | -11.1% |
| Current investments | 50/53 | €12,120 | €12,120 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €22,345 | €14,383 | -€7,962 | -35.6% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €42,460 | €30,473 | -€11,987 | -28.2% |
| Equity | 10/15 | €37,472 | €25,542 | -€11,930 | -31.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €35,766 | €35,766 | = | 0.0% |
| Distributable reserves | 133 | €35,766 | €35,766 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,895 | -€28,824 | -€11,930 | -70.6% |
| Amounts payable | 17/49 | €4,988 | €4,931 | -€57 | -1.2% |
| Amounts payable within one year | 42/48 | €2,988 | €2,931 | -€57 | -1.9% |
| Trade debts | 44 | €1,556 | €146 | -€1,410 | -90.6% |
| Suppliers | 440/4 | €1,556 | €146 | -€1,410 | -90.6% |
| Taxes, remuneration and social security | 45 | €0 | €105 | +€105 | |
| Taxes | 450/3 | €0 | €105 | +€105 | |
| Other amounts payable | 47/48 | €1,432 | €2,680 | +€1,248 | +87.1% |
| Accrued charges and deferred income | 492/3 | €2,000 | €2,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,821 | €1,414 | -€1,407 | -49.9% |
| Other operating charges | 640/8 | €463 | €520 | +€57 | +12.2% |
| Non-recurring operating charges | 66A | €4,958 | €2,092 | -€2,866 | -57.8% |
| Gross operating margin | 9900 | €3,060 | -€7,626 | -€10,687 | |
| Operating profit (loss) | 9901 | -€5,182 | -€11,652 | -€6,471 | -125% |
| Financial income | 75/76B | €136 | €0 | -€136 | -100% |
| Recurring financial income | 75 | €136 | €0 | -€136 | -100% |
| Financial charges | 65/66B | €147 | €277 | +€130 | +88.5% |
| Recurring financial charges | 65 | €147 | €277 | +€130 | +88.5% |
| Profit (loss) for the period before taxes | 9903 | -€5,193 | -€11,930 | -€6,737 | -130% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€5,193 | -€11,930 | -€6,737 | -130% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,193 | -€11,930 | -€6,737 | -130% |
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 28 October 2026 via checked.be.