PALEF-CO: 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.
PALEF-CO
Largest movements
- Cash +€17,646
up €17,646 (+103.7%), from €17,024 to €34,670
mainly Net result for the year (+€16,898) and Tax, wage and social debts (+€10,531)
- Receivables within one year +€7,549
up €7,549 (+325.0%), from €2,323 to €9,872
of which Trade receivables: +€9,672
- Deferred charges and accrued income +€804
new in 2025: €804
- Financial fixed assets +€499
new in 2025: €499
- Profit (loss) carried forward +€16,898
up €16,898 (+2514.7%), from €672 to €17,570
- Tax, wage and social debts +€10,531
up €10,531 (+184.9%), from €5,695 to €16,226
of which Taxes: +€8,897
- Other debts -€2,506
down €2,506 (-81.7%), from €3,069 to €563
- Contributions +€1,296
up €1,296 (+184.1%), from €704 to €2,000
- Gross operating margin +€10,573
up €10,573 (+73.7%), from €14,355 to €24,928
- Taxes +€1,788
up €1,788 (+51.4%), from €3,477 to €5,265
- Other operating charges +€1,429
new in 2025: €1,429
- Financial charges +€1,096
up €1,096 (+2192.9%), from €50 to €1,146
- Depreciation -€880
down €880 (-82.2%), from €1,070 to €190
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 | €20,165 | €46,473 | +€26,308 | +130.5% |
| Fixed assets | 21/28 | €818 | €1,127 | +€309 | +37.8% |
| Tangible fixed assets | 22/27 | €818 | €628 | -€190 | -23.2% |
| Furniture and vehicles | 24 | €818 | €628 | -€190 | -23.2% |
| Financial fixed assets | 28 | - | €499 | +€499 | |
| Current assets | 29/58 | €19,347 | €45,346 | +€25,999 | +134.4% |
| Amounts receivable within one year | 40/41 | €2,323 | €9,872 | +€7,549 | +325.0% |
| Trade receivables | 40 | €200 | €9,872 | +€9,672 | +4827.1% |
| Other amounts receivable | 41 | €2,123 | - | -€2,123 | |
| Cash at bank and in hand | 54/58 | €17,024 | €34,670 | +€17,646 | +103.7% |
| Deferred charges and accrued income | 490/1 | - | €804 | +€804 | |
| Total equity and liabilities | 10/49 | €20,165 | €46,473 | +€26,308 | +130.5% |
| Equity | 10/15 | €10,376 | €28,570 | +€18,194 | +175.3% |
| Contributions | 10/11 | €704 | €2,000 | +€1,296 | +184.1% |
| Reserves | 13 | €9,000 | €9,000 | = | 0.0% |
| Distributable reserves | 133 | €9,000 | €9,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €672 | €17,570 | +€16,898 | +2514.7% |
| Amounts payable | 17/49 | €9,789 | €17,903 | +€8,114 | +82.9% |
| Amounts payable within one year | 42/48 | €9,789 | €17,903 | +€8,114 | +82.9% |
| Trade debts | 44 | €1,025 | €1,114 | +€89 | +8.7% |
| Suppliers | 440/4 | €1,025 | €1,114 | +€89 | +8.7% |
| Taxes, remuneration and social security | 45 | €5,695 | €16,226 | +€10,531 | +184.9% |
| Taxes | 450/3 | €5,479 | €14,376 | +€8,897 | +162.4% |
| Remuneration and social security | 454/9 | €216 | €1,850 | +€1,634 | +756.5% |
| Other amounts payable | 47/48 | €3,069 | €563 | -€2,506 | -81.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,070 | €190 | -€880 | -82.2% |
| Other operating charges | 640/8 | - | €1,429 | +€1,429 | |
| Gross operating margin | 9900 | €14,355 | €24,928 | +€10,573 | +73.7% |
| Operating profit (loss) | 9901 | €13,285 | €23,309 | +€10,024 | +75.5% |
| Financial charges | 65/66B | €50 | €1,146 | +€1,096 | +2192.9% |
| Recurring financial charges | 65 | €50 | €1,146 | +€1,096 | +2192.9% |
| Profit (loss) for the period before taxes | 9903 | €13,235 | €22,163 | +€8,928 | +67.5% |
| Income taxes | 67/77 | €3,477 | €5,265 | +€1,788 | +51.4% |
| Profit (loss) for the period | 9904 | €9,757 | €16,898 | +€7,141 | +73.2% |
| Profit (loss) for the period to be appropriated | 9905 | €9,757 | €16,898 | +€7,141 | +73.2% |
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 5 October 2026 via checked.be.