PALI - ESSENCE: 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.
PALI - ESSENCE
Largest movements
- Tangible fixed assets -€9,216
down €9,216 (-7.6%), from €121,357 to €112,141
of which Land and buildings: -€7,039
- Cash +€7,155
up €7,155 (+13.6%), from €52,674 to €59,829
mainly Net result for the year (+€13,614) and Depreciation (+€12,279)
- Receivables within one year +€4,635
up €4,635, from €0 to €4,635
of which Other amounts receivable: +€3,753
- Deferred charges and accrued income +€1,885
up €1,885 (+180%), from €1,048 to €2,933
- Reserves +€13,000
up €13,000 (+16.7%), from €77,667 to €90,667
of which Distributable reserves: +€13,000
- Other debts -€9,279
down €9,279 (-43.9%), from €21,141 to €11,861
- Gross operating margin -€7,713
down €7,713 (-17.2%), from €44,817 to €37,104
- Financial charges -€2,333
down €2,333 (-65.0%), from €3,588 to €1,255
- Taxes -€1,497
down €1,497 (-19.1%), from €7,844 to €6,347
- Depreciation +€598
up €598 (+5.1%), from €11,681 to €12,279
- Other operating charges -€581
down €581 (-13.9%), from €4,189 to €3,608
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 | €176,274 | €180,068 | +€3,795 | +2.2% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €121,888 | €112,672 | -€9,216 | -7.6% |
| Tangible fixed assets | 22/27 | €121,357 | €112,141 | -€9,216 | -7.6% |
| Land and buildings | 22 | €113,313 | €106,273 | -€7,039 | -6.2% |
| Plant, machinery and equipment | 23 | €8,044 | €5,867 | -€2,177 | -27.1% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €531 | €531 | = | 0.0% |
| Current assets | 29/58 | €54,385 | €67,397 | +€13,011 | +23.9% |
| Stocks and contracts in progress | 3 | €664 | - | -€664 | |
| Stocks | 30/36 | €664 | - | -€664 | |
| Amounts receivable within one year | 40/41 | €0 | €4,635 | +€4,635 | |
| Trade receivables | 40 | €0 | €882 | +€882 | |
| Other amounts receivable | 41 | - | €3,753 | +€3,753 | |
| Cash at bank and in hand | 54/58 | €52,674 | €59,829 | +€7,155 | +13.6% |
| Deferred charges and accrued income | 490/1 | €1,048 | €2,933 | +€1,885 | +180% |
| Total equity and liabilities | 10/49 | €176,274 | €180,068 | +€3,795 | +2.2% |
| Equity | 10/15 | €152,221 | €165,836 | +€13,614 | +8.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €77,667 | €90,667 | +€13,000 | +16.7% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €307 | €307 | = | 0.0% |
| Distributable reserves | 133 | €75,500 | €88,500 | +€13,000 | +17.2% |
| Profit (loss) carried forward | 14 | €55,963 | €56,577 | +€614 | +1.1% |
| Amounts payable | 17/49 | €24,052 | €14,233 | -€9,819 | -40.8% |
| Amounts payable within one year | 42/48 | €24,052 | €14,233 | -€9,819 | -40.8% |
| Trade debts | 44 | €702 | €634 | -€68 | -9.7% |
| Suppliers | 440/4 | €702 | €634 | -€68 | -9.7% |
| Taxes, remuneration and social security | 45 | €2,210 | €1,738 | -€472 | -21.4% |
| Taxes | 450/3 | €2,210 | €1,738 | -€472 | -21.4% |
| Other amounts payable | 47/48 | €21,141 | €11,861 | -€9,279 | -43.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,681 | €12,279 | +€598 | +5.1% |
| Other operating charges | 640/8 | €4,189 | €3,608 | -€581 | -13.9% |
| Non-recurring operating charges | 66A | €653 | - | -€653 | |
| Gross operating margin | 9900 | €44,817 | €37,104 | -€7,713 | -17.2% |
| Operating profit (loss) | 9901 | €28,293 | €21,216 | -€7,076 | -25.0% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €3,588 | €1,255 | -€2,333 | -65.0% |
| Recurring financial charges | 65 | €3,588 | €1,255 | -€2,333 | -65.0% |
| Profit (loss) for the period before taxes | 9903 | €24,705 | €19,962 | -€4,743 | -19.2% |
| Income taxes | 67/77 | €7,844 | €6,347 | -€1,497 | -19.1% |
| Profit (loss) for the period | 9904 | €16,860 | €13,614 | -€3,246 | -19.3% |
| Profit (loss) for the period to be appropriated | 9905 | €16,860 | €13,614 | -€3,246 | -19.3% |
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 28 October 2026 via checked.be.