PALEK: 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.
PALEK
Largest movements
- Tangible fixed assets +€436,383
up €436,383 (+29.8%), from €1.5m to €1.9m
of which Land and buildings: +€429,366
- Receivables within one year -€54,265
down €54,265 (-36.1%), from €150,466 to €96,202
of which Trade receivables: -€65,174
- Debts after one year +€388,517
up €388,517 (+25.4%), from €1.5m to €1.9m
- Trade debts -€156,761
down €156,761 (-83.9%), from €186,747 to €29,986
- Profit (loss) carried forward +€112,156
up €112,156 (+29.3%), from €383,304 to €495,460
- Other debts +€44,527
new in 2025: €44,527
- Gross operating margin +€103,442
up €103,442 (+40.5%), from €255,316 to €358,758
- Depreciation +€48,878
up €48,878 (+46.8%), from €104,377 to €153,255
- Taxes -€41,820
down €41,820 (-74.8%), from €55,911 to €14,091
- Financial income -€41,325
down €41,325 (-81.1%), from €50,953 to €9,627
- Other operating charges -€17,146
down €17,146 (-23.3%), from €73,694 to €56,548
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 | €2,301,547 | €2,681,833 | +€380,286 | +16.5% |
| Fixed assets | 21/28 | €1,462,686 | €1,899,069 | +€436,383 | +29.8% |
| Tangible fixed assets | 22/27 | €1,462,186 | €1,898,569 | +€436,383 | +29.8% |
| Land and buildings | 22 | €1,430,041 | €1,859,407 | +€429,366 | +30.0% |
| Furniture and vehicles | 24 | €29,363 | €36,909 | +€7,546 | +25.7% |
| Other tangible fixed assets | 26 | €2,783 | €2,254 | -€529 | -19.0% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €838,861 | €782,764 | -€56,097 | -6.7% |
| Amounts receivable after more than one year | 29 | €578,950 | €559,761 | -€19,189 | -3.3% |
| Trade receivables | 290 | €578,950 | €559,761 | -€19,189 | -3.3% |
| Amounts receivable within one year | 40/41 | €150,466 | €96,202 | -€54,265 | -36.1% |
| Trade receivables | 40 | €149,919 | €84,746 | -€65,174 | -43.5% |
| Other amounts receivable | 41 | €547 | €11,456 | +€10,909 | +1994.1% |
| Current investments | 50/53 | €70,000 | €70,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €37,984 | €55,621 | +€17,637 | +46.4% |
| Deferred charges and accrued income | 490/1 | €1,460 | €1,180 | -€280 | -19.2% |
| Total equity and liabilities | 10/49 | €2,301,547 | €2,681,833 | +€380,286 | +16.5% |
| Equity | 10/15 | €391,364 | €503,520 | +€112,156 | +28.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Own shares acquired | 1312 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €383,304 | €495,460 | +€112,156 | +29.3% |
| Amounts payable | 17/49 | €1,910,183 | €2,178,313 | +€268,130 | +14.0% |
| Amounts payable after more than one year | 17 | €1,530,853 | €1,919,369 | +€388,517 | +25.4% |
| Financial debts | 170/4 | €1,530,853 | €1,919,369 | +€388,517 | +25.4% |
| Amounts payable within one year | 42/48 | €379,331 | €255,535 | -€123,796 | -32.6% |
| Current portion of amounts payable after more than one year | 42 | €106,756 | €109,441 | +€2,686 | +2.5% |
| Trade debts | 44 | €186,747 | €29,986 | -€156,761 | -83.9% |
| Suppliers | 440/4 | €186,747 | €29,986 | -€156,761 | -83.9% |
| Taxes, remuneration and social security | 45 | €85,828 | €71,581 | -€14,247 | -16.6% |
| Taxes | 450/3 | €85,828 | €71,581 | -€14,247 | -16.6% |
| Other amounts payable | 47/48 | - | €44,527 | +€44,527 | |
| Accrued charges and deferred income | 492/3 | - | €3,409 | +€3,409 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €104,377 | €153,255 | +€48,878 | +46.8% |
| Other operating charges | 640/8 | €73,694 | €56,548 | -€17,146 | -23.3% |
| Gross operating margin | 9900 | €255,316 | €358,758 | +€103,442 | +40.5% |
| Operating profit (loss) | 9901 | €77,244 | €148,954 | +€71,710 | +92.8% |
| Financial income | 75/76B | €50,953 | €9,627 | -€41,325 | -81.1% |
| Recurring financial income | 75 | €50,953 | €9,627 | -€41,325 | -81.1% |
| Financial charges | 65/66B | €30,858 | €32,334 | +€1,476 | +4.8% |
| Recurring financial charges | 65 | €30,858 | €32,334 | +€1,476 | +4.8% |
| Profit (loss) for the period before taxes | 9903 | €97,339 | €126,247 | +€28,908 | +29.7% |
| Transfer from deferred taxes | 780 | €43,196 | - | -€43,196 | |
| Income taxes | 67/77 | €55,911 | €14,091 | -€41,820 | -74.8% |
| Profit (loss) for the period | 9904 | €84,624 | €112,156 | +€27,532 | +32.5% |
| Transfer from tax-exempt reserves | 789 | €129,588 | - | -€129,588 | |
| Profit (loss) for the period to be appropriated | 9905 | €214,212 | €112,156 | -€102,056 | -47.6% |
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 11 October 2026 via checked.be.