PALERMO: 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.
PALERMO
Largest movements
- Tangible fixed assets -€7,604
down €7,604 (-6.8%), from €111,488 to €103,884
- Other debts -€9,257
down €9,257 (-9.3%), from €99,941 to €90,684
- Profit (loss) carried forward +€6,765
up €6,765 (+2.9%), from -€231,136 to -€224,371
- Reserves -€4,228
down €4,228 (-3.6%), from €117,135 to €112,906
of which Tax-exempt reserves: -€4,228
- Provisions -€1,409
down €1,409 (-7.0%), from €20,203 to €18,793
- Gross operating margin +€491
up €491 (+5.0%), from €9,855 to €10,346
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 | €112,157 | €104,859 | -€7,298 | -6.5% |
| Fixed assets | 21/28 | €111,488 | €104,727 | -€6,761 | -6.1% |
| Tangible fixed assets | 22/27 | €111,488 | €103,884 | -€7,604 | -6.8% |
| Land and buildings | 22 | €111,488 | €103,884 | -€7,604 | -6.8% |
| Financial fixed assets | 28 | - | €843 | +€843 | |
| Current assets | 29/58 | €669 | €132 | -€537 | -80.2% |
| Cash at bank and in hand | 54/58 | €669 | €132 | -€537 | -80.2% |
| Total equity and liabilities | 10/49 | €112,157 | €104,859 | -€7,298 | -6.5% |
| Equity | 10/15 | -€8,647 | -€6,110 | +€2,537 | +29.3% |
| Contributions | 10/11 | €105,355 | €105,355 | = | 0.0% |
| Reserves | 13 | €117,135 | €112,906 | -€4,228 | -3.6% |
| Non-distributable reserves | 130/1 | €10,535 | €10,535 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,535 | €10,535 | = | 0.0% |
| Tax-exempt reserves | 132 | €60,609 | €56,380 | -€4,228 | -7.0% |
| Distributable reserves | 133 | €45,990 | €45,990 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€231,136 | -€224,371 | +€6,765 | +2.9% |
| Provisions and deferred taxes | 16 | €20,203 | €18,793 | -€1,409 | -7.0% |
| Deferred taxes | 168 | €20,203 | €18,793 | -€1,409 | -7.0% |
| Amounts payable | 17/49 | €100,601 | €92,176 | -€8,426 | -8.4% |
| Amounts payable within one year | 42/48 | €100,475 | €92,048 | -€8,428 | -8.4% |
| Trade debts | 44 | €534 | €1,364 | +€830 | +155% |
| Suppliers | 440/4 | €534 | €1,364 | +€830 | +155% |
| Other amounts payable | 47/48 | €99,941 | €90,684 | -€9,257 | -9.3% |
| Accrued charges and deferred income | 492/3 | €126 | €128 | +€2 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,604 | €7,604 | = | 0.0% |
| Other operating charges | 640/8 | €1,565 | €1,573 | +€8 | +0.5% |
| Gross operating margin | 9900 | €9,855 | €10,346 | +€491 | +5.0% |
| Operating profit (loss) | 9901 | €687 | €1,170 | +€483 | +70.3% |
| Financial charges | 65/66B | €50 | €42 | -€8 | -15.8% |
| Recurring financial charges | 65 | €50 | €42 | -€8 | -15.8% |
| Profit (loss) for the period before taxes | 9903 | €637 | €1,128 | +€491 | +77.0% |
| Transfer from deferred taxes | 780 | €1,410 | €1,409 | -€0 | 0.0% |
| Profit (loss) for the period | 9904 | €2,047 | €2,537 | +€490 | +24.0% |
| Transfer from tax-exempt reserves | 789 | €4,229 | €4,228 | -€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,275 | €6,765 | +€490 | +7.8% |
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 16 October 2026 via checked.be.