Palco Trans: 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.
Palco Trans
Largest movements
- Receivables within one year -€93,241
down €93,241 (-53.5%), from €174,217 to €80,975
of which Trade receivables: -€89,793
- Tangible fixed assets -€81,904
down €81,904 (-12.1%), from €676,905 to €595,000
of which Furniture and vehicles: -€73,404
- Cash +€10,402
up €10,402 (+17.4%), from €59,787 to €70,189
mainly Depreciation (+€151,915) and Receivables within one year (+€93,241)
- Deferred charges and accrued income +€9,940
up €9,940 (+38.1%), from €26,061 to €36,002
- Debts after one year -€75,342
down €75,342 (-18.5%), from €407,565 to €332,223
- Tax, wage and social debts -€37,459
down €37,459 (-51.1%), from €73,279 to €35,820
of which Remuneration and social security: -€42,522
- Other debts -€34,046
down €34,046 (-63.8%), from €53,345 to €19,299
- Gross operating margin +€34,341
up €34,341 (+6.0%), from €568,036 to €602,376
- Depreciation +€20,417
up €20,417 (+15.5%), from €131,498 to €151,915
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 | €953,239 | €803,436 | -€149,803 | -15.7% |
| Fixed assets | 21/28 | €693,175 | €616,270 | -€76,904 | -11.1% |
| Tangible fixed assets | 22/27 | €676,905 | €595,000 | -€81,904 | -12.1% |
| Plant, machinery and equipment | 23 | €13,739 | €5,239 | -€8,500 | -61.9% |
| Furniture and vehicles | 24 | €663,165 | €589,761 | -€73,404 | -11.1% |
| Financial fixed assets | 28 | €16,270 | €21,270 | +€5,000 | +30.7% |
| Current assets | 29/58 | €260,065 | €187,166 | -€72,899 | -28.0% |
| Amounts receivable within one year | 40/41 | €174,217 | €80,975 | -€93,241 | -53.5% |
| Trade receivables | 40 | €161,684 | €71,891 | -€89,793 | -55.5% |
| Other amounts receivable | 41 | €12,533 | €9,085 | -€3,448 | -27.5% |
| Cash at bank and in hand | 54/58 | €59,787 | €70,189 | +€10,402 | +17.4% |
| Deferred charges and accrued income | 490/1 | €26,061 | €36,002 | +€9,940 | +38.1% |
| Total equity and liabilities | 10/49 | €953,239 | €803,436 | -€149,803 | -15.7% |
| Equity | 10/15 | €246,777 | €240,467 | -€6,310 | -2.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €236,777 | €230,467 | -€6,310 | -2.7% |
| Distributable reserves | 133 | €236,777 | €230,467 | -€6,310 | -2.7% |
| Amounts payable | 17/49 | €706,463 | €562,969 | -€143,493 | -20.3% |
| Amounts payable after more than one year | 17 | €407,565 | €332,223 | -€75,342 | -18.5% |
| Financial debts | 170/4 | €407,565 | €332,223 | -€75,342 | -18.5% |
| Amounts payable within one year | 42/48 | €298,898 | €230,746 | -€68,151 | -22.8% |
| Current portion of amounts payable after more than one year | 42 | €140,715 | €135,818 | -€4,897 | -3.5% |
| Trade debts | 44 | €31,559 | €39,809 | +€8,251 | +26.1% |
| Suppliers | 440/4 | €31,559 | €39,809 | +€8,251 | +26.1% |
| Taxes, remuneration and social security | 45 | €73,279 | €35,820 | -€37,459 | -51.1% |
| Taxes | 450/3 | €5,859 | €10,921 | +€5,063 | +86.4% |
| Remuneration and social security | 454/9 | €67,420 | €24,899 | -€42,522 | -63.1% |
| Other amounts payable | 47/48 | €53,345 | €19,299 | -€34,046 | -63.8% |
| Non-recurring operating income | 76A | €5,600 | €23,800 | +€18,200 | +325% |
| Remuneration, social security and pensions | 62 | €397,861 | €395,630 | -€2,231 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €131,498 | €151,915 | +€20,417 | +15.5% |
| Other operating charges | 640/8 | €4,243 | €8,854 | +€4,611 | +109% |
| Gross operating margin | 9900 | €568,036 | €602,376 | +€34,341 | +6.0% |
| Operating profit (loss) | 9901 | €34,433 | €45,978 | +€11,545 | +33.5% |
| Financial charges | 65/66B | €12,098 | €17,697 | +€5,599 | +46.3% |
| Recurring financial charges | 65 | €12,098 | €17,697 | +€5,599 | +46.3% |
| Profit (loss) for the period before taxes | 9903 | €22,335 | €28,281 | +€5,946 | +26.6% |
| Income taxes | 67/77 | €2,166 | €4,591 | +€2,426 | +112% |
| Profit (loss) for the period | 9904 | €20,169 | €23,690 | +€3,521 | +17.5% |
| Profit (loss) for the period to be appropriated | 9905 | €20,169 | €23,690 | +€3,521 | +17.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.