PALIFLAM: 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.
PALIFLAM
Largest movements
- Tangible fixed assets -€28,949
down €28,949 (-28.7%), from €100,946 to €71,997
of which Furniture and vehicles: -€28,633
- Cash -€13,372
down €13,372 (-12.6%), from €106,063 to €92,691
mainly Other debts (-€21,656) and Debts after one year (-€15,663)
- Stocks and contracts -€6,518
down €6,518 (-11.4%), from €57,193 to €50,676
- Other debts -€21,656
down €21,656 (-34.6%), from €62,526 to €40,870
- Debts after one year -€15,663
down €15,663 (-48.9%), from €32,050 to €16,387
- Profit (loss) carried forward -€14,179
down €14,179 (-18.1%), from €78,323 to €64,144
- Staff costs +€13,202
up €13,202 (+23.6%), from €55,951 to €69,153
- Gross operating margin +€2,921
up €2,921 (+3.1%), from €94,300 to €97,220
- Other operating charges +€2,841
up €2,841 (+218%), from €1,305 to €4,146
- Taxes -€2,731
down €2,731 (-90.7%), from €3,012 to €281
- Depreciation +€2,249
up €2,249 (+6.6%), from €34,081 to €36,330
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 | €298,140 | €247,195 | -€50,945 | -17.1% |
| Fixed assets | 21/28 | €101,310 | €72,361 | -€28,949 | -28.6% |
| Tangible fixed assets | 22/27 | €100,946 | €71,997 | -€28,949 | -28.7% |
| Land and buildings | 22 | €550 | €1,995 | +€1,445 | +263% |
| Plant, machinery and equipment | 23 | €16,792 | €15,032 | -€1,760 | -10.5% |
| Furniture and vehicles | 24 | €83,604 | €54,971 | -€28,633 | -34.2% |
| Financial fixed assets | 28 | €364 | €364 | = | 0.0% |
| Current assets | 29/58 | €196,830 | €174,833 | -€21,997 | -11.2% |
| Stocks and contracts in progress | 3 | €57,193 | €50,676 | -€6,518 | -11.4% |
| Stocks | 30/36 | €57,193 | €50,676 | -€6,518 | -11.4% |
| Amounts receivable within one year | 40/41 | €28,637 | €27,027 | -€1,610 | -5.6% |
| Trade receivables | 40 | €22,525 | €22,268 | -€257 | -1.1% |
| Other amounts receivable | 41 | €6,112 | €4,759 | -€1,354 | -22.1% |
| Cash at bank and in hand | 54/58 | €106,063 | €92,691 | -€13,372 | -12.6% |
| Deferred charges and accrued income | 490/1 | €4,936 | €4,440 | -€496 | -10.1% |
| Total equity and liabilities | 10/49 | €298,140 | €247,195 | -€50,945 | -17.1% |
| Equity | 10/15 | €144,310 | €130,131 | -€14,179 | -9.8% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €35,000 | €35,000 | = | 0.0% |
| Distributable reserves | 133 | €35,000 | €35,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €78,323 | €64,144 | -€14,179 | -18.1% |
| Amounts payable | 17/49 | €153,830 | €117,064 | -€36,766 | -23.9% |
| Amounts payable after more than one year | 17 | €32,050 | €16,387 | -€15,663 | -48.9% |
| Financial debts | 170/4 | €32,050 | €16,387 | -€15,663 | -48.9% |
| Amounts payable within one year | 42/48 | €121,780 | €100,677 | -€21,103 | -17.3% |
| Current portion of amounts payable after more than one year | 42 | €15,281 | €15,663 | +€382 | +2.5% |
| Trade debts | 44 | €35,650 | €36,906 | +€1,256 | +3.5% |
| Suppliers | 440/4 | €35,650 | €36,906 | +€1,256 | +3.5% |
| Taxes, remuneration and social security | 45 | €8,322 | €7,237 | -€1,085 | -13.0% |
| Taxes | 450/3 | €3,012 | €539 | -€2,473 | -82.1% |
| Remuneration and social security | 454/9 | €5,310 | €6,698 | +€1,388 | +26.1% |
| Other amounts payable | 47/48 | €62,526 | €40,870 | -€21,656 | -34.6% |
| Remuneration, social security and pensions | 62 | €55,951 | €69,153 | +€13,202 | +23.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,081 | €36,330 | +€2,249 | +6.6% |
| Other operating charges | 640/8 | €1,305 | €4,146 | +€2,841 | +218% |
| Gross operating margin | 9900 | €94,300 | €97,220 | +€2,921 | +3.1% |
| Operating profit (loss) | 9901 | €2,963 | -€12,408 | -€15,372 | |
| Financial income | 75/76B | €301 | €848 | +€548 | +182% |
| Recurring financial income | 75 | €301 | €848 | +€548 | +182% |
| Financial charges | 65/66B | €1,625 | €2,338 | +€713 | +43.9% |
| Recurring financial charges | 65 | €1,625 | €2,338 | +€713 | +43.9% |
| Profit (loss) for the period before taxes | 9903 | €1,638 | -€13,898 | -€15,537 | |
| Income taxes | 67/77 | €3,012 | €281 | -€2,731 | -90.7% |
| Profit (loss) for the period | 9904 | -€1,374 | -€14,179 | -€12,805 | -932% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,374 | -€14,179 | -€12,805 | -932% |
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 17 October 2026 via checked.be.