PALI PALI: 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 PALI
Largest movements
- Cash -€472,036
down €472,036 (-61.2%), from €771,527 to €299,491
mainly Receivables within one year (-€338,268) and Accrued charges and deferred income (-€101,857)
- Receivables within one year +€338,268
up €338,268 (+71.2%), from €475,118 to €813,386
of which Trade receivables: +€174,324
- Deferred charges and accrued income +€23,091
new in 2025: €23,091
- Accrued charges and deferred income -€101,857
down €101,857 (-37.2%), from €273,574 to €171,718
- Trade debts -€61,528
down €61,528 (-11.7%), from €527,807 to €466,280
- Profit (loss) carried forward +€58,951
up €58,951 (+8.3%), from €707,444 to €766,395
- Staff costs +€51,778
up €51,778 (+41.9%), from €123,665 to €175,443
- Gross operating margin -€49,101
down €49,101 (-14.8%), from €330,917 to €281,816
- Taxes -€23,283
down €23,283 (-60.0%), from €38,830 to €15,547
- Depreciation -€10,331
down €10,331 (-34.2%), from €30,250 to €19,919
- Financial income +€6,822
up €6,822 (+507%), from €1,346 to €8,168
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 | €2,018,054 | €1,893,777 | -€124,276 | -6.2% |
| Fixed assets | 21/28 | €771,408 | €757,809 | -€13,599 | -1.8% |
| Tangible fixed assets | 22/27 | €508,556 | €490,036 | -€18,520 | -3.6% |
| Land and buildings | 22 | €492,302 | €479,085 | -€13,217 | -2.7% |
| Plant, machinery and equipment | 23 | €889 | €383 | -€506 | -56.9% |
| Furniture and vehicles | 24 | €15,365 | €10,568 | -€4,797 | -31.2% |
| Financial fixed assets | 28 | €262,852 | €267,773 | +€4,920 | +1.9% |
| Current assets | 29/58 | €1,246,645 | €1,135,968 | -€110,677 | -8.9% |
| Amounts receivable within one year | 40/41 | €475,118 | €813,386 | +€338,268 | +71.2% |
| Trade receivables | 40 | €279,225 | €453,550 | +€174,324 | +62.4% |
| Other amounts receivable | 41 | €195,892 | €359,836 | +€163,944 | +83.7% |
| Cash at bank and in hand | 54/58 | €771,527 | €299,491 | -€472,036 | -61.2% |
| Deferred charges and accrued income | 490/1 | - | €23,091 | +€23,091 | |
| Total equity and liabilities | 10/49 | €2,018,054 | €1,893,777 | -€124,276 | -6.2% |
| Equity | 10/15 | €715,504 | €774,455 | +€58,951 | +8.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €707,444 | €766,395 | +€58,951 | +8.3% |
| Amounts payable | 17/49 | €1,302,550 | €1,119,322 | -€183,228 | -14.1% |
| Amounts payable after more than one year | 17 | €376,191 | €361,567 | -€14,625 | -3.9% |
| Financial debts | 170/4 | €376,191 | €361,567 | -€14,625 | -3.9% |
| Amounts payable within one year | 42/48 | €652,784 | €586,038 | -€66,746 | -10.2% |
| Current portion of amounts payable after more than one year | 42 | €14,086 | €14,625 | +€539 | +3.8% |
| Trade debts | 44 | €527,807 | €466,280 | -€61,528 | -11.7% |
| Suppliers | 440/4 | €527,807 | €466,280 | -€61,528 | -11.7% |
| Taxes, remuneration and social security | 45 | €106,223 | €100,466 | -€5,757 | -5.4% |
| Taxes | 450/3 | €82,728 | €66,871 | -€15,856 | -19.2% |
| Remuneration and social security | 454/9 | €23,495 | €33,594 | +€10,099 | +43.0% |
| Other amounts payable | 47/48 | €4,668 | €4,668 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €273,574 | €171,718 | -€101,857 | -37.2% |
| Remuneration, social security and pensions | 62 | €123,665 | €175,443 | +€51,778 | +41.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,250 | €19,919 | -€10,331 | -34.2% |
| Other operating charges | 640/8 | €4,409 | €3,449 | -€960 | -21.8% |
| Gross operating margin | 9900 | €330,917 | €281,816 | -€49,101 | -14.8% |
| Operating profit (loss) | 9901 | €172,594 | €83,005 | -€89,588 | -51.9% |
| Financial income | 75/76B | €1,346 | €8,168 | +€6,822 | +507% |
| Recurring financial income | 75 | €1,346 | €8,168 | +€6,822 | +507% |
| Financial charges | 65/66B | €13,865 | €16,676 | +€2,811 | +20.3% |
| Recurring financial charges | 65 | €13,865 | €16,676 | +€2,811 | +20.3% |
| Profit (loss) for the period before taxes | 9903 | €160,075 | €74,498 | -€85,577 | -53.5% |
| Income taxes | 67/77 | €38,830 | €15,547 | -€23,283 | -60.0% |
| Profit (loss) for the period | 9904 | €121,245 | €58,951 | -€62,294 | -51.4% |
| Profit (loss) for the period to be appropriated | 9905 | €121,245 | €58,951 | -€62,294 | -51.4% |
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 31 October 2026 via checked.be.