PALETTOPHILE: 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.
PALETTOPHILE
Largest movements
- Cash -€8,573
down €8,573 (-45.4%), from €18,888 to €10,315
mainly Advances received (-€22,445) and Tax, wage and social debts (-€3,327)
- Receivables within one year -€7,934
down €7,934 (-57.7%), from €13,745 to €5,811
of which Trade receivables: -€5,565
- Stocks and contracts -€6,889
down €6,889 (-34.9%), from €19,722 to €12,833
- Advances received -€22,445
down €22,445 (-81.2%), from €27,643 to €5,198
- Tax, wage and social debts -€3,327
down €3,327 (-40.2%), from €8,283 to €4,955
of which Remuneration and social security: -€3,004
- Profit (loss) carried forward +€2,463
up €2,463 (+26.2%), from -€9,404 to -€6,941
- Trade debts +€1,587
up €1,587 (+35.4%), from €4,480 to €6,067
- Other debts -€1,069
down €1,069 (-19.8%), from €5,409 to €4,340
- Gross operating margin -€11,928
down €11,928 (-35.9%), from €33,252 to €21,323
- Staff costs -€5,843
down €5,843 (-23.6%), from €24,812 to €18,969
- Financial charges -€3,150
down €3,150 (-90.1%), from €3,497 to €347
of which Non-recurring financial charges: -€3,200
- Financial income -€2,912
down €2,912 (-60.5%), from €4,810 to €1,898
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 | €55,009 | €32,219 | -€22,791 | -41.4% |
| Fixed assets | 21/28 | €980 | €1,049 | +€68 | +7.0% |
| Tangible fixed assets | 22/27 | €980 | €1,049 | +€68 | +7.0% |
| Plant, machinery and equipment | 23 | €750 | €1,032 | +€282 | +37.5% |
| Furniture and vehicles | 24 | €230 | €17 | -€213 | -92.8% |
| Current assets | 29/58 | €54,029 | €31,170 | -€22,859 | -42.3% |
| Stocks and contracts in progress | 3 | €19,722 | €12,833 | -€6,889 | -34.9% |
| Stocks | 30/36 | €19,722 | €12,833 | -€6,889 | -34.9% |
| Amounts receivable within one year | 40/41 | €13,745 | €5,811 | -€7,934 | -57.7% |
| Trade receivables | 40 | €8,603 | €3,038 | -€5,565 | -64.7% |
| Other amounts receivable | 41 | €5,142 | €2,773 | -€2,369 | -46.1% |
| Cash at bank and in hand | 54/58 | €18,888 | €10,315 | -€8,573 | -45.4% |
| Deferred charges and accrued income | 490/1 | €1,673 | €2,210 | +€537 | +32.1% |
| Total equity and liabilities | 10/49 | €55,009 | €32,219 | -€22,791 | -41.4% |
| Equity | 10/15 | €9,196 | €11,659 | +€2,463 | +26.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,404 | -€6,941 | +€2,463 | +26.2% |
| Amounts payable | 17/49 | €45,814 | €20,560 | -€25,254 | -55.1% |
| Amounts payable within one year | 42/48 | €45,814 | €20,560 | -€25,254 | -55.1% |
| Trade debts | 44 | €4,480 | €6,067 | +€1,587 | +35.4% |
| Suppliers | 440/4 | €4,480 | €6,067 | +€1,587 | +35.4% |
| Advances received on contracts in progress | 46 | €27,643 | €5,198 | -€22,445 | -81.2% |
| Taxes, remuneration and social security | 45 | €8,283 | €4,955 | -€3,327 | -40.2% |
| Taxes | 450/3 | €389 | €66 | -€324 | -83.2% |
| Remuneration and social security | 454/9 | €7,894 | €4,890 | -€3,004 | -38.1% |
| Other amounts payable | 47/48 | €5,409 | €4,340 | -€1,069 | -19.8% |
| Remuneration, social security and pensions | 62 | €24,812 | €18,969 | -€5,843 | -23.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €416 | €541 | +€125 | +30.1% |
| Other operating charges | 640/8 | €844 | €836 | -€7 | -0.9% |
| Gross operating margin | 9900 | €33,252 | €21,323 | -€11,928 | -35.9% |
| Operating profit (loss) | 9901 | €7,180 | €978 | -€6,202 | -86.4% |
| Financial income | 75/76B | €4,810 | €1,898 | -€2,912 | -60.5% |
| Recurring financial income | 75 | €4,810 | €1,898 | -€2,912 | -60.5% |
| Financial charges | 65/66B | €3,497 | €347 | -€3,150 | -90.1% |
| Recurring financial charges | 65 | €297 | €347 | +€50 | +16.7% |
| Non-recurring financial charges | 66B | €3,200 | - | -€3,200 | |
| Profit (loss) for the period before taxes | 9903 | €8,493 | €2,529 | -€5,964 | -70.2% |
| Income taxes | 67/77 | - | €66 | +€66 | |
| Profit (loss) for the period | 9904 | €8,493 | €2,463 | -€6,030 | -71.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,493 | €2,463 | -€6,030 | -71.0% |
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 27 October 2026 via checked.be.