PALEXPO: 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.
PALEXPO
Largest movements
- Tangible fixed assets -€134
down €134 (-50.0%), from €268 to €134
- Cash +€129
up €129 (+32.8%), from €393 to €522
mainly Debts within one year (+€5,052) and Depreciation (+€134)
- Profit (loss) carried forward -€5,057
down €5,057 (-2.4%), from -€211,390 to -€216,447
- Debts within one year +€5,052
up €5,052 (+2.6%), from €192,626 to €197,678
of which Other debts: +€197,428
- Purchases and services +€7,565
new in 2021: €7,565
- Turnover +€3,000
new in 2021: €3,000
- Gross operating margin -€2,914
down €2,914 (-176%), from -€1,651 to -€4,565
- Financial charges +€222
new in 2021: €222
- Other operating charges +€136
new in 2021: €136
From the 2020 result to the 2021 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 2020 and 2021 balance sheets and the 2021 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,828 | €2,823 | -€5 | -0.2% |
| Fixed assets | 21/28 | €268 | €134 | -€134 | -50.0% |
| Tangible fixed assets | 22/27 | €268 | €134 | -€134 | -50.0% |
| Plant, machinery and equipment | 23 | - | €134 | +€134 | |
| Current assets | 29/58 | €2,560 | €2,689 | +€129 | +5.0% |
| Amounts receivable within one year | 40/41 | €2,167 | €2,167 | = | 0.0% |
| Trade receivables | 40 | - | €1,780 | +€1,780 | |
| Other amounts receivable | 41 | - | €387 | +€387 | |
| Cash at bank and in hand | 54/58 | €393 | €522 | +€129 | +32.8% |
| Total equity and liabilities | 10/49 | €2,828 | €2,823 | -€5 | -0.2% |
| Equity | 10/15 | -€189,798 | -€194,855 | -€5,057 | -2.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | - | €18,592 | +€18,592 | |
| Issued capital | 100 | - | €18,592 | +€18,592 | |
| Reserves | 13 | €3,000 | €3,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €1,133 | +€1,133 | |
| Reserves not available under the articles | 1311 | - | €1,133 | +€1,133 | |
| Distributable reserves | 133 | - | €1,867 | +€1,867 | |
| Profit (loss) carried forward | 14 | -€211,390 | -€216,447 | -€5,057 | -2.4% |
| Amounts payable | 17/49 | €192,626 | €197,678 | +€5,052 | +2.6% |
| Amounts payable within one year | 42/48 | €192,626 | €197,678 | +€5,052 | +2.6% |
| Trade debts | 44 | €283 | €250 | -€33 | -11.7% |
| Suppliers | 440/4 | - | €250 | +€250 | |
| Other amounts payable | 47/48 | - | €197,428 | +€197,428 | |
| Turnover | 70 | - | €3,000 | +€3,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €7,565 | +€7,565 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €263 | €134 | -€129 | -49.0% |
| Other operating charges | 640/8 | - | €136 | +€136 | |
| Gross operating margin | 9900 | -€1,651 | -€4,565 | -€2,914 | -176% |
| Operating profit (loss) | 9901 | -€2,069 | -€4,835 | -€2,766 | -134% |
| Financial charges | 65/66B | - | €222 | +€222 | |
| Recurring financial charges | 65 | €194 | €222 | +€28 | +14.4% |
| Profit (loss) for the period before taxes | 9903 | -€2,263 | -€5,057 | -€2,794 | -123% |
| Profit (loss) for the period | 9904 | -€2,263 | -€5,057 | -€2,794 | -123% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,263 | -€5,057 | -€2,794 | -123% |
Source: filed annual accounts (NBB), financial years ended 31 December 2020 and 31 December 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.