PALBU: what changed
Two fiscal 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.
PALBU
Largest movements
- Stocks and contracts +€21,745
up €21,745 (+50.3%), from €43,229 to €64,974
- Trade debts +€27,064
up €27,064 (+636.1%), from €4,255 to €31,319
- Profit (loss) carried forward -€4,551
down €4,551 (-74.1%), from €6,141 to €1,590
- Tax, wage and social debts -€2,602
down €2,602 (-51.1%), from €5,091 to €2,489
- Other debts +€1,526
up €1,526 (+50.3%), from €3,035 to €4,561
- Gross operating margin -€13,580
down €13,580, from €10,464 to -€3,116
- Taxes -€2,741
down €2,741 (-98.1%), from €2,795 to €54
- Financial charges -€159
down €159 (-18.0%), from €884 to €725
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 | €54,045 | €75,482 | +€21,437 | +39.7% |
| Fixed assets | 21/28 | €3,202 | €3,095 | -€107 | -3.3% |
| Tangible fixed assets | 22/27 | €214 | €107 | -€107 | -50.0% |
| Furniture and vehicles | 24 | €214 | €107 | -€107 | -50.0% |
| Financial fixed assets | 28 | €2,988 | €2,988 | = | 0.0% |
| Current assets | 29/58 | €50,843 | €72,387 | +€21,544 | +42.4% |
| Stocks and contracts in progress | 3 | €43,229 | €64,974 | +€21,745 | +50.3% |
| Stocks | 30/36 | €43,229 | €64,974 | +€21,745 | +50.3% |
| Cash at bank and in hand | 54/58 | €7,614 | €7,413 | -€201 | -2.6% |
| Total equity and liabilities | 10/49 | €54,045 | €75,482 | +€21,437 | +39.7% |
| Equity | 10/15 | €41,664 | €37,113 | -€4,551 | -10.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €16,923 | €16,923 | = | 0.0% |
| Distributable reserves | 133 | €16,923 | €16,923 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,141 | €1,590 | -€4,551 | -74.1% |
| Amounts payable | 17/49 | €12,381 | €38,369 | +€25,988 | +209.9% |
| Amounts payable within one year | 42/48 | €12,381 | €38,369 | +€25,988 | +209.9% |
| Trade debts | 44 | €4,255 | €31,319 | +€27,064 | +636.1% |
| Suppliers | 440/4 | €4,255 | €31,319 | +€27,064 | +636.1% |
| Taxes, remuneration and social security | 45 | €5,091 | €2,489 | -€2,602 | -51.1% |
| Taxes | 450/3 | €5,091 | €2,489 | -€2,602 | -51.1% |
| Other amounts payable | 47/48 | €3,035 | €4,561 | +€1,526 | +50.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €108 | €107 | -€1 | -0.9% |
| Other operating charges | 640/8 | €536 | €549 | +€13 | +2.4% |
| Gross operating margin | 9900 | €10,464 | -€3,116 | -€13,580 | |
| Operating profit (loss) | 9901 | €9,820 | -€3,772 | -€13,592 | |
| Financial charges | 65/66B | €884 | €725 | -€159 | -18.0% |
| Recurring financial charges | 65 | €884 | €725 | -€159 | -18.0% |
| Profit (loss) for the period before taxes | 9903 | €8,936 | -€4,497 | -€13,433 | |
| Income taxes | 67/77 | €2,795 | €54 | -€2,741 | -98.1% |
| Profit (loss) for the period | 9904 | €6,141 | -€4,551 | -€10,692 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,141 | -€4,551 | -€10,692 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.