PALAVROV: 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.
PALAVROV
Largest movements
- Cash -€38,610
down €38,610 (-45.7%), from €84,428 to €45,818
mainly Contributions, distributions and other (-€50,545) and Net result for the year (-€24,794)
- Tangible fixed assets -€10,226
down €10,226 (-41.0%), from €24,912 to €14,686
- Receivables within one year +€5,411
up €5,411 (+20.2%), from €26,741 to €32,152
of which Other amounts receivable: +€8,097
- Profit (loss) carried forward -€75,339
down €75,339 (-72.2%), from €104,297 to €28,958
- Other debts +€33,250
new in 2025: €33,250
- Debts after one year -€7,274
down €7,274 (-62.6%), from €11,611 to €4,337
- Tax, wage and social debts +€5,948
up €5,948 (+42.7%), from €13,937 to €19,885
- Gross operating margin -€83,125
down €83,125, from €74,922 to -€8,203
- Taxes -€15,845
down €15,845 (-98.7%), from €16,054 to €209
- Other operating charges +€4,781
up €4,781 (+679%), from €704 to €5,485
- Depreciation -€1,575
down €1,575 (-13.3%), from €11,801 to €10,226
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 | €139,029 | €95,328 | -€43,701 | -31.4% |
| Fixed assets | 21/28 | €25,912 | €15,686 | -€10,226 | -39.5% |
| Tangible fixed assets | 22/27 | €24,912 | €14,686 | -€10,226 | -41.0% |
| Furniture and vehicles | 24 | €24,912 | €14,686 | -€10,226 | -41.0% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €113,117 | €79,642 | -€33,475 | -29.6% |
| Amounts receivable within one year | 40/41 | €26,741 | €32,152 | +€5,411 | +20.2% |
| Trade receivables | 40 | €26,741 | €24,055 | -€2,686 | -10.0% |
| Other amounts receivable | 41 | - | €8,097 | +€8,097 | |
| Cash at bank and in hand | 54/58 | €84,428 | €45,818 | -€38,610 | -45.7% |
| Deferred charges and accrued income | 490/1 | €1,948 | €1,672 | -€276 | -14.2% |
| Total equity and liabilities | 10/49 | €139,029 | €95,328 | -€43,701 | -31.4% |
| Equity | 10/15 | €104,407 | €29,068 | -€75,339 | -72.2% |
| Contributions | 10/11 | €110 | €110 | = | 0.0% |
| Profit (loss) carried forward | 14 | €104,297 | €28,958 | -€75,339 | -72.2% |
| Amounts payable | 17/49 | €34,622 | €66,260 | +€31,638 | +91.4% |
| Amounts payable after more than one year | 17 | €11,611 | €4,337 | -€7,274 | -62.6% |
| Financial debts | 170/4 | €11,611 | €4,337 | -€7,274 | -62.6% |
| Amounts payable within one year | 42/48 | €23,011 | €61,923 | +€38,912 | +169% |
| Current portion of amounts payable after more than one year | 42 | €7,082 | €7,280 | +€198 | +2.8% |
| Trade debts | 44 | €1,992 | €1,508 | -€484 | -24.3% |
| Suppliers | 440/4 | €1,992 | €1,508 | -€484 | -24.3% |
| Taxes, remuneration and social security | 45 | €13,937 | €19,885 | +€5,948 | +42.7% |
| Taxes | 450/3 | €13,937 | €19,885 | +€5,948 | +42.7% |
| Other amounts payable | 47/48 | - | €33,250 | +€33,250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,801 | €10,226 | -€1,575 | -13.3% |
| Other operating charges | 640/8 | €704 | €5,485 | +€4,781 | +679% |
| Gross operating margin | 9900 | €74,922 | -€8,203 | -€83,125 | |
| Operating profit (loss) | 9901 | €62,417 | -€23,914 | -€86,331 | |
| Financial income | 75/76B | €1,003 | €698 | -€305 | -30.4% |
| Recurring financial income | 75 | €1,003 | €698 | -€305 | -30.4% |
| Financial charges | 65/66B | €1,457 | €1,369 | -€88 | -6.0% |
| Recurring financial charges | 65 | €1,457 | €1,369 | -€88 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | €61,963 | -€24,585 | -€86,548 | |
| Income taxes | 67/77 | €16,054 | €209 | -€15,845 | -98.7% |
| Profit (loss) for the period | 9904 | €45,909 | -€24,794 | -€70,703 | |
| Profit (loss) for the period to be appropriated | 9905 | €45,909 | -€24,794 | -€70,703 |
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 22 October 2026 via checked.be.