Palette Express: 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.
Palette Express
Largest movements
- Tangible fixed assets +€50,947
up €50,947 (+279.3%), from €18,239 to €69,186
of which Furniture and vehicles: +€48,517
- Receivables after one year -€17,500
no longer reported in 2025 (was €17,500)
- Cash -€14,180
down €14,180 (-35.6%), from €39,821 to €25,641
mainly Investment in fixed assets (net) (-€58,100) and Net result for the year (-€8,631)
- Receivables within one year +€6,269
up €6,269 (+14.3%), from €43,973 to €50,242
of which Trade receivables: +€3,853
- Deferred charges and accrued income +€5,090
new in 2025: €5,090
- Other debts +€35,760
up €35,760 (+251.1%), from €14,240 to €50,000
- Reserves -€8,631
down €8,631 (-9.1%), from €94,757 to €86,126
- Trade debts +€3,983
up €3,983 (+320.4%), from €1,243 to €5,226
- Gross operating margin -€9,705
down €9,705 (-57.6%), from €16,843 to €7,138
- Other operating charges +€2,201
up €2,201 (+142.9%), from €1,541 to €3,742
- Depreciation +€2,008
up €2,008 (+39.0%), from €5,146 to €7,154
- Taxes -€1,661
no longer reported in 2025 (was €1,661)
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 | €120,832 | €151,458 | +€30,626 | +25.3% |
| Fixed assets | 21/28 | €19,539 | €70,486 | +€50,947 | +260.7% |
| Tangible fixed assets | 22/27 | €18,239 | €69,186 | +€50,947 | +279.3% |
| Plant, machinery and equipment | 23 | €5,474 | €6,503 | +€1,028 | +18.8% |
| Furniture and vehicles | 24 | €12,764 | €61,281 | +€48,517 | +380.1% |
| Other tangible fixed assets | 26 | - | €1,402 | +€1,402 | |
| Financial fixed assets | 28 | €1,300 | €1,300 | = | 0.0% |
| Current assets | 29/58 | €101,293 | €80,973 | -€20,321 | -20.1% |
| Amounts receivable after more than one year | 29 | €17,500 | - | -€17,500 | |
| Other amounts receivable | 291 | €17,500 | - | -€17,500 | |
| Amounts receivable within one year | 40/41 | €43,973 | €50,242 | +€6,269 | +14.3% |
| Trade receivables | 40 | €42,525 | €46,377 | +€3,853 | +9.1% |
| Other amounts receivable | 41 | €1,448 | €3,865 | +€2,417 | +166.9% |
| Cash at bank and in hand | 54/58 | €39,821 | €25,641 | -€14,180 | -35.6% |
| Deferred charges and accrued income | 490/1 | - | €5,090 | +€5,090 | |
| Total equity and liabilities | 10/49 | €120,832 | €151,458 | +€30,626 | +25.3% |
| Equity | 10/15 | €100,957 | €92,326 | -€8,631 | -8.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €94,757 | €86,126 | -€8,631 | -9.1% |
| Distributable reserves | 133 | €94,757 | €86,126 | -€8,631 | -9.1% |
| Amounts payable | 17/49 | €19,875 | €59,132 | +€39,258 | +197.5% |
| Amounts payable within one year | 42/48 | €19,875 | €59,132 | +€39,258 | +197.5% |
| Current portion of amounts payable after more than one year | 42 | €1,104 | - | -€1,104 | |
| Trade debts | 44 | €1,243 | €5,226 | +€3,983 | +320.4% |
| Suppliers | 440/4 | €1,243 | €5,226 | +€3,983 | +320.4% |
| Taxes, remuneration and social security | 45 | €3,287 | €3,907 | +€619 | +18.8% |
| Taxes | 450/3 | €3,287 | €2,604 | -€684 | -20.8% |
| Remuneration and social security | 454/9 | - | €1,303 | +€1,303 | |
| Other amounts payable | 47/48 | €14,240 | €50,000 | +€35,760 | +251.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,146 | €7,154 | +€2,008 | +39.0% |
| Other operating charges | 640/8 | €1,541 | €3,742 | +€2,201 | +142.9% |
| Non-recurring operating charges | 66A | - | €442 | +€442 | |
| Gross operating margin | 9900 | €16,843 | €7,138 | -€9,705 | -57.6% |
| Operating profit (loss) | 9901 | €10,157 | -€4,199 | -€14,356 | |
| Financial income | 75/76B | €299 | €208 | -€91 | -30.4% |
| Recurring financial income | 75 | €299 | €208 | -€91 | -30.4% |
| Financial charges | 65/66B | €4,657 | €4,640 | -€16 | -0.4% |
| Recurring financial charges | 65 | €4,657 | €4,640 | -€16 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | €5,799 | -€8,631 | -€14,430 | |
| Income taxes | 67/77 | €1,661 | - | -€1,661 | |
| Profit (loss) for the period | 9904 | €4,138 | -€8,631 | -€12,769 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,138 | -€8,631 | -€12,769 |
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.