PALIFOR LOGISTICS: 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.
What changed
PALIFOR LOGISTICS
NACE 52.100, Warehousing and storage
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€811,165
2024 · €458,298+€352,867
Equity
€3.8m
2024 · €3.0m+€811,847
Cash
€178,438
2024 · €368,418-€189,980
Balance sheet total
€8.8m
2024 · €8.8m+€95,182
Largest movements
Assets
- Receivables within one year +€879,251
up €879,251 (+18.6%), from €4.7m to €5.6m
of which Other amounts receivable: +€1.5m
- Tangible fixed assets -€516,647
down €516,647 (-15.8%), from €3.3m to €2.8m
- Cash -€189,980
down €189,980 (-51.6%), from €368,418 to €178,438
mainly Receivables within one year (-€879,251) and Trade debts (-€742,574)
Equity and liabilities
- Short-term financial debts +€1.0m
up €1.0m (+333.3%), from €300,000 to €1.3m
- Reserves +€811,165
up €811,165 (+71.3%), from €1.1m to €1.9m
of which Tax-exempt reserves: +€459,584
- Trade debts -€742,574
down €742,574 (-42.0%), from €1.8m to €1.0m
- Other debts -€576,217
down €576,217 (-88.5%), from €651,217 to €75,000
- Debts after one year -€496,271
down €496,271 (-26.4%), from €1.9m to €1.4m
Income statement
- Turnover +€734,354
up €734,354 (+5.6%), from €13.1m to €13.8m
- Goods and materials +€490,746
up €490,746 (+5.6%), from €8.7m to €9.2m
of which Purchases: +€428,916
- Taxes +€141,457
up €141,457 (+178.4%), from €79,275 to €220,732
of which Taxes: +€143,558
- Provisions -€138,406
down €138,406, from €120,170 to -€18,236
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.
Result 2024
€458,298
Turnover
+€734,354
Other operating income
-€122,649
Goods and materials
-€490,746
Services and other goods
-€115,668
Staff costs
+€71,060
Depreciation
+€121,960
Write-downs
+€18,921
Provisions
+€138,406
Other operating charges
+€94,576
Financial income
+€26,253
Financial charges
+€21,972
Taxes
-€141,457
Deferred taxes and other
-€4,115
Result 2025
€811,165
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.
From operations
-€588,816
Investment
-€148,984
Financing
+€547,821
Cash 2024
€368,418
From operations (derived)
-€588,816
Net result for the year
+€811,165
Depreciation
+€665,631
Stocks and contracts
+€31,831
Receivables within one year
-€879,251
Deferred charges and accrued income
+€45,611
Provisions
-€18,236
Trade debts
-€742,574
Tax, wage and social debts
+€64,979
Other debts
-€576,217
Accrued charges and deferred income
+€8,244
Investment (derived)
-€148,984
Investment in fixed assets (net)
-€148,984
Financing
+€547,821
Debts after one year
-€496,271
Current portion of long-term debt
+€43,409
Short-term financial debts
+€1.0m
Contributions, distributions and other
+€682
Cash 2025
€178,438
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,754,569 | €8,849,750 | +€95,182 | +1.1% |
| Fixed assets | 21/28 | €3,284,859 | €2,768,212 | -€516,647 | -15.7% |
| Tangible fixed assets | 22/27 | €3,277,359 | €2,760,712 | -€516,647 | -15.8% |
| Land and buildings | 22 | €1,211,111 | €1,132,186 | -€78,924 | -6.5% |
| Plant, machinery and equipment | 23 | €131,716 | €103,215 | -€28,501 | -21.6% |
| Furniture and vehicles | 24 | €1,328,018 | €1,070,149 | -€257,868 | -19.4% |
| Leasing and similar rights | 25 | €605,480 | €423,527 | -€181,953 | -30.1% |
| Other tangible fixed assets | 26 | €1,035 | €824 | -€211 | -20.3% |
| Assets under construction and advance payments | 27 | - | €30,810 | +€30,810 | |
| Financial fixed assets | 28 | €7,500 | €7,500 | = | 0.0% |
| Other financial fixed assets | 284/8 | €7,500 | €7,500 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €7,500 | €7,500 | = | 0.0% |
| Current assets | 29/58 | €5,469,710 | €6,081,538 | +€611,828 | +11.2% |
| Stocks and contracts in progress | 3 | €273,507 | €241,676 | -€31,831 | -11.6% |
| Stocks | 30/36 | €273,507 | €241,676 | -€31,831 | -11.6% |
| Raw materials and consumables | 30/31 | €273,507 | €241,676 | -€31,831 | -11.6% |
| Amounts receivable within one year | 40/41 | €4,739,706 | €5,618,957 | +€879,251 | +18.6% |
| Trade receivables | 40 | €3,509,085 | €2,849,180 | -€659,905 | -18.8% |
| Other amounts receivable | 41 | €1,230,621 | €2,769,777 | +€1.5m | +125.1% |
| Cash at bank and in hand | 54/58 | €368,418 | €178,438 | -€189,980 | -51.6% |
| Deferred charges and accrued income | 490/1 | €88,079 | €42,468 | -€45,611 | -51.8% |
| Total equity and liabilities | 10/49 | €8,754,569 | €8,849,750 | +€95,182 | +1.1% |
| Equity | 10/15 | €2,977,693 | €3,789,540 | +€811,847 | +27.3% |
| Contributions | 10/11 | €1,200,000 | €1,200,000 | = | 0.0% |
| Capital | 10 | €1,200,000 | €1,200,000 | = | 0.0% |
| Issued capital | 100 | €1,200,000 | €1,200,000 | = | 0.0% |
| Revaluation surpluses | 12 | €515,176 | €515,176 | = | 0.0% |
| Reserves | 13 | €1,137,312 | €1,948,477 | +€811,165 | +71.3% |
| Non-distributable reserves | 130/1 | €30,000 | €50,000 | +€20,000 | +66.7% |
| Legal reserve | 130 | €30,000 | €50,000 | +€20,000 | +66.7% |
| Tax-exempt reserves | 132 | €1,065,970 | €1,525,554 | +€459,584 | +43.1% |
| Distributable reserves | 133 | €41,342 | €372,923 | +€331,581 | +802.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Investment grants | 15 | €125,205 | €125,887 | +€682 | +0.5% |
| Provisions and deferred taxes | 16 | €284,328 | €266,092 | -€18,236 | -6.4% |
| Provisions for liabilities and charges | 160/5 | €267,030 | €248,794 | -€18,236 | -6.8% |
| Other liabilities and charges | 164/5 | €267,030 | €248,794 | -€18,236 | -6.8% |
| Deferred taxes | 168 | €17,299 | €17,299 | = | 0.0% |
| Amounts payable | 17/49 | €5,492,547 | €4,794,118 | -€698,430 | -12.7% |
| Amounts payable after more than one year | 17 | €1,876,520 | €1,380,249 | -€496,271 | -26.4% |
| Financial debts | 170/4 | €1,876,520 | €1,380,249 | -€496,271 | -26.4% |
| Leasing and similar obligations | 172 | €451,985 | €267,890 | -€184,095 | -40.7% |
| Credit institutions | 173 | €1,424,535 | €1,112,359 | -€312,176 | -21.9% |
| Amounts payable within one year | 42/48 | €3,608,653 | €3,398,251 | -€210,402 | -5.8% |
| Current portion of amounts payable after more than one year | 42 | €569,209 | €612,618 | +€43,409 | +7.6% |
| Financial debts | 43 | €300,000 | €1,300,000 | +€1.0m | +333.3% |
| Credit institutions | 430/8 | €300,000 | €1,300,000 | +€1.0m | +333.3% |
| Trade debts | 44 | €1,768,941 | €1,026,367 | -€742,574 | -42.0% |
| Suppliers | 440/4 | €1,768,941 | €1,026,367 | -€742,574 | -42.0% |
| Taxes, remuneration and social security | 45 | €319,287 | €384,266 | +€64,979 | +20.4% |
| Taxes | 450/3 | €52,083 | €102,666 | +€50,583 | +97.1% |
| Remuneration and social security | 454/9 | €267,204 | €281,600 | +€14,396 | +5.4% |
| Other amounts payable | 47/48 | €651,217 | €75,000 | -€576,217 | -88.5% |
| Accrued charges and deferred income | 492/3 | €7,374 | €15,618 | +€8,244 | +111.8% |
| Operating income | 70/76A | €19,027,196 | €19,638,902 | +€611,706 | +3.2% |
| Turnover | 70 | €13,088,425 | €13,822,779 | +€734,354 | +5.6% |
| Other operating income | 74 | €5,938,771 | €5,816,123 | -€122,649 | -2.1% |
| Operating charges | 60/66A | €18,403,624 | €18,565,115 | +€161,491 | +0.9% |
| Goods for resale, raw materials and consumables | 60 | €8,744,001 | €9,234,747 | +€490,746 | +5.6% |
| Purchases | 600/8 | €8,774,000 | €9,202,916 | +€428,916 | +4.9% |
| Change in stocks: decrease (increase) | 609 | -€29,999 | €31,831 | +€61,831 | |
| Services and other goods | 61 | €1,363,517 | €1,479,185 | +€115,668 | +8.5% |
| Remuneration, social security and pensions | 62 | €2,274,513 | €2,203,453 | -€71,060 | -3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €787,591 | €665,631 | -€121,960 | -15.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | -€18,921 | -€18,921 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €120,170 | -€18,236 | -€138,406 | |
| Other operating charges | 640/8 | €5,113,833 | €5,019,257 | -€94,576 | -1.8% |
| Operating profit (loss) | 9901 | €623,572 | €1,073,786 | +€450,215 | +72.2% |
| Financial income | 75/76B | €56,275 | €82,528 | +€26,253 | +46.7% |
| Recurring financial income | 75 | €56,275 | €82,528 | +€26,253 | +46.7% |
| Income from financial fixed assets | 750 | €0 | - | = | |
| Income from current assets | 751 | €7,522 | €51,181 | +€43,659 | +580.4% |
| Other financial income | 752/9 | €48,753 | €31,347 | -€17,407 | -35.7% |
| Financial charges | 65/66B | €146,389 | €124,417 | -€21,972 | -15.0% |
| Recurring financial charges | 65 | €146,389 | €124,417 | -€21,972 | -15.0% |
| Debt charges | 650 | €123,032 | €106,824 | -€16,208 | -13.2% |
| Other financial charges | 652/9 | €23,358 | €17,593 | -€5,764 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | €533,458 | €1,031,897 | +€498,440 | +93.4% |
| Transfer from deferred taxes | 780 | €4,115 | - | -€4,115 | |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €79,275 | €220,732 | +€141,457 | +178.4% |
| Taxes | 670/3 | €79,359 | €222,916 | +€143,558 | +180.9% |
| Tax adjustments and reversals of tax provisions | 77 | €84 | €2,184 | +€2,100 | +2512.4% |
| Profit (loss) for the period | 9904 | €458,298 | €811,165 | +€352,867 | +77.0% |
| Transfer to tax-exempt reserves | 689 | €220,266 | €459,584 | +€239,319 | +108.7% |
| Profit (loss) for the period to be appropriated | 9905 | €238,032 | €351,581 | +€113,549 | +47.7% |
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 10 October 2026 via checked.be.