PALEOD: 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.
PALEOD
Largest movements
- Tangible fixed assets -€368,714
down €368,714 (-92.1%), from €400,549 to €31,836
of which Land and buildings: -€343,775
- Cash +€18,468
up €18,468 (+62098.2%), from €30 to €18,498
mainly Investment in fixed assets (net) (+€355,887) and Net result for the year (+€67,171)
- Receivables within one year +€13,483
up €13,483 (+506.5%), from €2,662 to €16,145
of which Other amounts receivable: +€13,012
- Debts after one year -€216,699
no longer reported in 2025 (was €216,699)
- Other debts -€176,682
no longer reported in 2025 (was €176,682)
- Profit (loss) carried forward +€67,171
up €67,171, from -€62,543 to €4,629
- Current portion of long-term debt -€12,896
no longer reported in 2025 (was €12,896)
- Gross operating margin +€77,665
up €77,665 (+526.4%), from €14,754 to €92,418
- Depreciation -€21,196
down €21,196 (-62.3%), from €34,022 to €12,826
- Taxes +€6,377
new in 2025: €6,377
- Financial charges +€1,096
up €1,096 (+31.8%), from €3,445 to €4,541
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 | €403,241 | €66,478 | -€336,763 | -83.5% |
| Fixed assets | 21/28 | €400,549 | €31,836 | -€368,714 | -92.1% |
| Tangible fixed assets | 22/27 | €400,549 | €31,836 | -€368,714 | -92.1% |
| Land and buildings | 22 | €343,775 | - | -€343,775 | |
| Plant, machinery and equipment | 23 | €12,112 | - | -€12,112 | |
| Furniture and vehicles | 24 | €44,662 | €31,836 | -€12,826 | -28.7% |
| Current assets | 29/58 | €2,692 | €34,643 | +€31,951 | +1187.0% |
| Amounts receivable within one year | 40/41 | €2,662 | €16,145 | +€13,483 | +506.5% |
| Trade receivables | 40 | €2,662 | €3,132 | +€470 | +17.7% |
| Other amounts receivable | 41 | - | €13,012 | +€13,012 | |
| Cash at bank and in hand | 54/58 | €30 | €18,498 | +€18,468 | +62098.2% |
| Total equity and liabilities | 10/49 | €403,241 | €66,478 | -€336,763 | -83.5% |
| Equity | 10/15 | -€6,543 | €60,629 | +€67,171 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €54,000 | €54,000 | = | 0.0% |
| Distributable reserves | 133 | €54,000 | €54,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€62,543 | €4,629 | +€67,171 | |
| Amounts payable | 17/49 | €409,784 | €5,849 | -€403,935 | -98.6% |
| Amounts payable after more than one year | 17 | €216,699 | - | -€216,699 | |
| Financial debts | 170/4 | €216,699 | - | -€216,699 | |
| Amounts payable within one year | 42/48 | €193,085 | €5,849 | -€187,236 | -97.0% |
| Current portion of amounts payable after more than one year | 42 | €12,896 | - | -€12,896 | |
| Trade debts | 44 | €1,782 | €2,558 | +€776 | +43.5% |
| Suppliers | 440/4 | €1,782 | €2,558 | +€776 | +43.5% |
| Taxes, remuneration and social security | 45 | €1,724 | €3,291 | +€1,567 | +90.9% |
| Taxes | 450/3 | €1,724 | €3,291 | +€1,567 | +90.9% |
| Other amounts payable | 47/48 | €176,682 | - | -€176,682 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,022 | €12,826 | -€21,196 | -62.3% |
| Other operating charges | 640/8 | €1,807 | €1,503 | -€304 | -16.8% |
| Gross operating margin | 9900 | €14,754 | €92,418 | +€77,665 | +526.4% |
| Operating profit (loss) | 9901 | -€21,075 | €78,089 | +€99,164 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,445 | €4,541 | +€1,096 | +31.8% |
| Recurring financial charges | 65 | €3,445 | €4,541 | +€1,096 | +31.8% |
| Profit (loss) for the period before taxes | 9903 | -€24,520 | €73,548 | +€98,069 | |
| Income taxes | 67/77 | - | €6,377 | +€6,377 | |
| Profit (loss) for the period | 9904 | -€24,520 | €67,171 | +€91,692 | |
| Profit (loss) for the period to be appropriated | 9905 | -€24,520 | €67,171 | +€91,692 |
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 10 October 2026 via checked.be.