Palazzo Internationaal: 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.
Palazzo Internationaal
Largest movements
- Receivables within one year -€16,810
down €16,810 (-58.7%), from €28,628 to €11,818
of which Other amounts receivable: -€16,810
- Cash -€3,933
down €3,933 (-3.7%), from €106,513 to €102,580
mainly Contributions, distributions and other (-€65,028) and Investment in fixed assets (net) (-€2,805)
- Tangible fixed assets +€1,817
up €1,817 (+25.9%), from €7,005 to €8,822
of which Furniture and vehicles: +€2,437
- Reserves -€47,506
down €47,506 (-32.7%), from €145,065 to €97,559
of which Distributable reserves: -€47,506
- Other debts +€27,810
new in 2025: €27,810
- Tax, wage and social debts +€2,049
up €2,049 (+27.1%), from €7,554 to €9,603
- Financial income -€25,018
down €25,018 (-100.0%), from €25,020 to €2
- Gross operating margin +€3,740
up €3,740 (+15.8%), from €23,673 to €27,413
- Taxes -€1,292
down €1,292 (-14.6%), from €8,880 to €7,588
- Depreciation +€367
up €367 (+59.3%), from €620 to €987
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 | €156,988 | €138,247 | -€18,741 | -11.9% |
| Fixed assets | 21/28 | €20,755 | €22,572 | +€1,817 | +8.8% |
| Tangible fixed assets | 22/27 | €7,005 | €8,822 | +€1,817 | +25.9% |
| Plant, machinery and equipment | 23 | €1,505 | €885 | -€620 | -41.2% |
| Furniture and vehicles | 24 | - | €2,437 | +€2,437 | |
| Other tangible fixed assets | 26 | €5,500 | €5,500 | = | 0.0% |
| Financial fixed assets | 28 | €13,750 | €13,750 | = | 0.0% |
| Current assets | 29/58 | €136,234 | €115,675 | -€20,559 | -15.1% |
| Amounts receivable within one year | 40/41 | €28,628 | €11,818 | -€16,810 | -58.7% |
| Trade receivables | 40 | €10,406 | €10,406 | = | 0.0% |
| Other amounts receivable | 41 | €18,222 | €1,412 | -€16,810 | -92.3% |
| Cash at bank and in hand | 54/58 | €106,513 | €102,580 | -€3,933 | -3.7% |
| Deferred charges and accrued income | 490/1 | €1,093 | €1,277 | +€185 | +16.9% |
| Total equity and liabilities | 10/49 | €156,988 | €138,247 | -€18,741 | -11.9% |
| Equity | 10/15 | €145,565 | €98,059 | -€47,506 | -32.6% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €145,065 | €97,559 | -€47,506 | -32.7% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €143,206 | €95,699 | -€47,506 | -33.2% |
| Amounts payable | 17/49 | €11,424 | €40,189 | +€28,765 | +252% |
| Amounts payable within one year | 42/48 | €8,924 | €37,689 | +€28,765 | +322% |
| Financial debts | 43 | €49 | - | -€49 | |
| Credit institutions | 430/8 | €49 | - | -€49 | |
| Trade debts | 44 | €1,321 | €276 | -€1,045 | -79.1% |
| Suppliers | 440/4 | €1,321 | €276 | -€1,045 | -79.1% |
| Taxes, remuneration and social security | 45 | €7,554 | €9,603 | +€2,049 | +27.1% |
| Taxes | 450/3 | €7,554 | €9,603 | +€2,049 | +27.1% |
| Other amounts payable | 47/48 | - | €27,810 | +€27,810 | |
| Accrued charges and deferred income | 492/3 | €2,500 | €2,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €620 | €987 | +€367 | +59.3% |
| Other operating charges | 640/8 | €1,065 | €969 | -€96 | -9.0% |
| Gross operating margin | 9900 | €23,673 | €27,413 | +€3,740 | +15.8% |
| Operating profit (loss) | 9901 | €21,989 | €25,457 | +€3,468 | +15.8% |
| Financial income | 75/76B | €25,020 | €2 | -€25,018 | -100.0% |
| Recurring financial income | 75 | €25,020 | €2 | -€25,018 | -100.0% |
| Financial charges | 65/66B | €349 | €350 | +€1 | +0.2% |
| Recurring financial charges | 65 | €349 | €350 | +€1 | +0.2% |
| Profit (loss) for the period before taxes | 9903 | €46,660 | €25,110 | -€21,550 | -46.2% |
| Income taxes | 67/77 | €8,880 | €7,588 | -€1,292 | -14.6% |
| Profit (loss) for the period | 9904 | €37,780 | €17,522 | -€20,258 | -53.6% |
| Profit (loss) for the period to be appropriated | 9905 | €37,780 | €17,522 | -€20,258 | -53.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.