Palesne: 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.
Palesne
Largest movements
- Current investments -€21.8m
no longer reported in 2025 (was €21.8m)
- Receivables after one year -€1.6m
no longer reported in 2025 (was €1.6m)
- Receivables within one year +€391,414
new in 2025: €391,414
- Deferred charges and accrued income -€256,355
down €256,355 (-100.0%), from €256,476 to €121
- Profit (loss) carried forward -€23.3m
down €23.3m (-98.4%), from €23.7m to €376,192
- Financial income -€23.0m
down €23.0m (-97.1%), from €23.7m to €689,610
- Taxes +€42,390
up €42,390 (+57.5%), from €73,756 to €116,146
- Financial charges -€38,182
down €38,182 (-99.4%), from €38,426 to €244
- Gross operating margin -€4,850
down €4,850 (-50.7%), from -€9,570 to -€14,420
- Other operating charges +€518
up €518 (+115%), from €449 to €968
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 | €23,997,313 | €592,685 | -€23.4m | -97.5% |
| Fixed assets | 21/28 | €134,600 | €134,600 | = | 0.0% |
| Financial fixed assets | 28 | €134,600 | €134,600 | = | 0.0% |
| Current assets | 29/58 | €23,862,713 | €458,085 | -€23.4m | -98.1% |
| Amounts receivable after more than one year | 29 | €1,636,946 | - | -€1.6m | |
| Other amounts receivable | 291 | €1,636,946 | - | -€1.6m | |
| Amounts receivable within one year | 40/41 | - | €391,414 | +€391,414 | |
| Other amounts receivable | 41 | - | €391,414 | +€391,414 | |
| Current investments | 50/53 | €21,826,087 | - | -€21.8m | |
| Cash at bank and in hand | 54/58 | €143,205 | €66,550 | -€76,655 | -53.5% |
| Deferred charges and accrued income | 490/1 | €256,476 | €121 | -€256,355 | -100.0% |
| Total equity and liabilities | 10/49 | €23,997,313 | €592,685 | -€23.4m | -97.5% |
| Equity | 10/15 | €23,921,544 | €590,272 | -€23.3m | -97.5% |
| Contributions | 10/11 | €184,080 | €100,000 | -€84,080 | -45.7% |
| Capital | 10 | €184,080 | €100,000 | -€84,080 | -45.7% |
| Issued capital | 100 | €184,080 | €100,000 | -€84,080 | -45.7% |
| Reserves | 13 | €30,000 | €114,080 | +€84,080 | +280% |
| Non-distributable reserves | 130/1 | €30,000 | €30,000 | = | 0.0% |
| Legal reserve | 130 | €30,000 | €30,000 | = | 0.0% |
| Distributable reserves | 133 | - | €84,080 | +€84,080 | |
| Profit (loss) carried forward | 14 | €23,707,464 | €376,192 | -€23.3m | -98.4% |
| Amounts payable | 17/49 | €75,769 | €2,413 | -€73,356 | -96.8% |
| Amounts payable within one year | 42/48 | €75,769 | €2,413 | -€73,356 | -96.8% |
| Trade debts | 44 | €2,013 | €2,413 | +€400 | +19.9% |
| Suppliers | 440/4 | €2,013 | €2,413 | +€400 | +19.9% |
| Taxes, remuneration and social security | 45 | €73,756 | - | -€73,756 | |
| Taxes | 450/3 | €73,756 | - | -€73,756 | |
| Other operating charges | 640/8 | €449 | €968 | +€518 | +115% |
| Gross operating margin | 9900 | -€9,570 | -€14,420 | -€4,850 | -50.7% |
| Operating profit (loss) | 9901 | -€10,019 | -€15,388 | -€5,369 | -53.6% |
| Financial income | 75/76B | €23,696,264 | €689,610 | -€23.0m | -97.1% |
| Recurring financial income | 75 | €23,696,264 | €689,610 | -€23.0m | -97.1% |
| Financial charges | 65/66B | €38,426 | €244 | -€38,182 | -99.4% |
| Recurring financial charges | 65 | €38,426 | €244 | -€38,182 | -99.4% |
| Profit (loss) for the period before taxes | 9903 | €23,647,819 | €673,978 | -€23.0m | -97.1% |
| Income taxes | 67/77 | €73,756 | €116,146 | +€42,390 | +57.5% |
| Profit (loss) for the period | 9904 | €23,574,062 | €557,832 | -€23.0m | -97.6% |
| Profit (loss) for the period to be appropriated | 9905 | €23,574,062 | €557,832 | -€23.0m | -97.6% |
Source: filed annual accounts (NBB), financial years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.