PALAWAN: 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.
PALAWAN
Largest movements
- Cash +€45,265
up €45,265 (+37.3%), from €121,195 to €166,460
mainly Net result for the year (+€56,134) and Depreciation (+€1,386)
- Profit (loss) carried forward +€56,134
up €56,134 (+54.6%), from €102,721 to €158,856
- Tax, wage and social debts -€14,381
down €14,381 (-39.9%), from €36,044 to €21,664
- Financial income -€12,837
down €12,837 (-99.5%), from €12,905 to €68
- Gross operating margin +€4,236
up €4,236 (+6.1%), from €69,206 to €73,443
- Taxes -€2,004
down €2,004 (-11.5%), from €17,494 to €15,490
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 | €142,184 | €184,569 | +€42,385 | +29.8% |
| Formation expenses | 20 | €1,401 | €979 | -€423 | -30.2% |
| Fixed assets | 21/28 | €2,974 | €2,010 | -€964 | -32.4% |
| Tangible fixed assets | 22/27 | €2,474 | €1,510 | -€964 | -39.0% |
| Furniture and vehicles | 24 | €2,474 | €1,510 | -€964 | -39.0% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €137,808 | €181,580 | +€43,772 | +31.8% |
| Amounts receivable within one year | 40/41 | €15,950 | €14,655 | -€1,295 | -8.1% |
| Trade receivables | 40 | €15,117 | €12,981 | -€2,136 | -14.1% |
| Other amounts receivable | 41 | €833 | €1,674 | +€841 | +100.9% |
| Cash at bank and in hand | 54/58 | €121,195 | €166,460 | +€45,265 | +37.3% |
| Deferred charges and accrued income | 490/1 | €664 | €466 | -€198 | -29.8% |
| Total equity and liabilities | 10/49 | €142,184 | €184,569 | +€42,385 | +29.8% |
| Equity | 10/15 | €105,721 | €161,856 | +€56,134 | +53.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €102,721 | €158,856 | +€56,134 | +54.6% |
| Amounts payable | 17/49 | €36,462 | €22,713 | -€13,749 | -37.7% |
| Amounts payable within one year | 42/48 | €36,442 | €22,713 | -€13,729 | -37.7% |
| Trade debts | 44 | €398 | €1,049 | +€652 | +163.8% |
| Suppliers | 440/4 | €398 | €1,049 | +€652 | +163.8% |
| Taxes, remuneration and social security | 45 | €36,044 | €21,664 | -€14,381 | -39.9% |
| Taxes | 450/3 | €36,044 | €21,664 | -€14,381 | -39.9% |
| Accrued charges and deferred income | 492/3 | €20 | - | -€20 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,122 | €1,386 | +€264 | +23.6% |
| Other operating charges | 640/8 | - | €287 | +€287 | |
| Gross operating margin | 9900 | €69,206 | €73,443 | +€4,236 | +6.1% |
| Operating profit (loss) | 9901 | €68,084 | €71,769 | +€3,685 | +5.4% |
| Financial income | 75/76B | €12,905 | €68 | -€12,837 | -99.5% |
| Recurring financial income | 75 | €12,905 | €68 | -€12,837 | -99.5% |
| Financial charges | 65/66B | €395 | €212 | -€182 | -46.2% |
| Recurring financial charges | 65 | €395 | €212 | -€182 | -46.2% |
| Profit (loss) for the period before taxes | 9903 | €80,594 | €71,625 | -€8,970 | -11.1% |
| Income taxes | 67/77 | €17,494 | €15,490 | -€2,004 | -11.5% |
| Profit (loss) for the period | 9904 | €63,100 | €56,134 | -€6,966 | -11.0% |
| Profit (loss) for the period to be appropriated | 9905 | €63,100 | €56,134 | -€6,966 | -11.0% |
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 12 October 2026 via checked.be.