PaLFA MANAGEMENT: what changed
Two fiscal 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.
PaLFA MANAGEMENT
Largest movements
- Tangible fixed assets -€10,758
down €10,758 (-2.9%), from €377,091 to €366,333
- Debts after one year -€10,693
down €10,693 (-7.7%), from €138,058 to €127,365
- Depreciation -€500
down €500 (-4.4%), from €11,258 to €10,758
- Gross operating margin -€442
down €442 (-3.1%), from €14,338 to €13,895
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 | €380,752 | €371,050 | -€9,702 | -2.5% |
| Fixed assets | 21/28 | €377,091 | €366,333 | -€10,758 | -2.9% |
| Tangible fixed assets | 22/27 | €377,091 | €366,333 | -€10,758 | -2.9% |
| Land and buildings | 22 | €377,091 | €366,333 | -€10,758 | -2.9% |
| Current assets | 29/58 | €3,661 | €4,717 | +€1,056 | +28.8% |
| Cash at bank and in hand | 54/58 | €3,317 | €4,360 | +€1,043 | +31.4% |
| Deferred charges and accrued income | 490/1 | €344 | €357 | +€13 | +3.7% |
| Total equity and liabilities | 10/49 | €380,752 | €371,050 | -€9,702 | -2.5% |
| Equity | 10/15 | €242,490 | €243,429 | +€939 | +0.4% |
| Contributions | 10/11 | €258,600 | €258,600 | = | 0.0% |
| Reserves | 13 | €12,779 | €12,779 | = | 0.0% |
| Distributable reserves | 133 | €12,779 | €12,779 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,888 | -€27,949 | +€939 | +3.3% |
| Amounts payable | 17/49 | €138,262 | €127,620 | -€10,641 | -7.7% |
| Amounts payable after more than one year | 17 | €138,058 | €127,365 | -€10,693 | -7.7% |
| Other amounts payable | 178/9 | €138,058 | €127,365 | -€10,693 | -7.7% |
| Amounts payable within one year | 42/48 | €203 | €256 | +€52 | +25.7% |
| Trade debts | 44 | €203 | €256 | +€52 | +25.7% |
| Suppliers | 440/4 | €203 | €256 | +€52 | +25.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,258 | €10,758 | -€500 | -4.4% |
| Other operating charges | 640/8 | €2,091 | €2,154 | +€63 | +3.0% |
| Gross operating margin | 9900 | €14,338 | €13,895 | -€442 | -3.1% |
| Operating profit (loss) | 9901 | €989 | €984 | -€5 | -0.5% |
| Financial income | 75/76B | €9 | €0 | -€9 | -100.0% |
| Recurring financial income | 75 | €9 | €0 | -€9 | -100.0% |
| Financial charges | 65/66B | €44 | €45 | +€2 | +3.4% |
| Recurring financial charges | 65 | €44 | €45 | +€2 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €955 | €939 | -€16 | -1.7% |
| Profit (loss) for the period | 9904 | €955 | €939 | -€16 | -1.7% |
| Profit (loss) for the period to be appropriated | 9905 | €955 | €939 | -€16 | -1.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.