Palifracas: 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.
Palifracas
Largest movements
- Tangible fixed assets -€37,187
down €37,187 (-2.6%), from €1.4m to €1.4m
- Cash +€16,705
up €16,705 (+142%), from €11,723 to €28,428
mainly Depreciation (+€71,066) and Other debts (+€3,183)
No liability line moved by more than 1% of the balance sheet total.
- Depreciation -€13,102
down €13,102 (-15.6%), from €84,168 to €71,066
- Purchases and services +€12,996
up €12,996 (+28.2%), from €46,085 to €59,081
- Turnover +€7,981
up €7,981 (+6.5%), from €123,668 to €131,649
- Gross operating margin -€5,015
down €5,015 (-6.5%), from €77,583 to €72,568
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 | €1,427,612 | €1,407,930 | -€19,682 | -1.4% |
| Fixed assets | 21/28 | €1,415,889 | €1,378,702 | -€37,187 | -2.6% |
| Tangible fixed assets | 22/27 | €1,415,141 | €1,377,954 | -€37,187 | -2.6% |
| Land and buildings | 22 | €1,415,141 | €1,377,954 | -€37,187 | -2.6% |
| Financial fixed assets | 28 | €748 | €748 | +€0 | 0.0% |
| Current assets | 29/58 | €11,723 | €29,228 | +€17,505 | +149% |
| Amounts receivable after more than one year | 29 | - | €800 | +€800 | |
| Other amounts receivable | 291 | - | €800 | +€800 | |
| Cash at bank and in hand | 54/58 | €11,723 | €28,428 | +€16,705 | +142% |
| Total equity and liabilities | 10/49 | €1,427,612 | €1,407,930 | -€19,682 | -1.4% |
| Equity | 10/15 | €1,342,223 | €1,333,723 | -€8,500 | -0.6% |
| Contributions | 10/11 | €369,600 | €369,600 | = | 0.0% |
| Reserves | 13 | €973,224 | €962,430 | -€10,794 | -1.1% |
| Tax-exempt reserves | 132 | €204,264 | €193,470 | -€10,794 | -5.3% |
| Distributable reserves | 133 | €768,960 | €768,960 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€601 | €1,693 | +€2,294 | |
| Provisions and deferred taxes | 16 | €68,088 | €64,490 | -€3,598 | -5.3% |
| Deferred taxes | 168 | €68,088 | €64,490 | -€3,598 | -5.3% |
| Amounts payable | 17/49 | €17,301 | €9,717 | -€7,584 | -43.8% |
| Amounts payable after more than one year | 17 | - | €2,100 | +€2,100 | |
| Financial debts | 170/4 | - | €2,100 | +€2,100 | |
| Amounts payable within one year | 42/48 | €15,531 | €6,727 | -€8,804 | -56.7% |
| Taxes, remuneration and social security | 45 | €14,767 | €2,780 | -€11,987 | -81.2% |
| Taxes | 450/3 | €14,767 | €2,780 | -€11,987 | -81.2% |
| Other amounts payable | 47/48 | €764 | €3,947 | +€3,183 | +417% |
| Accrued charges and deferred income | 492/3 | €1,770 | €890 | -€880 | -49.7% |
| Turnover | 70 | €123,668 | €131,649 | +€7,981 | +6.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €46,085 | €59,081 | +€12,996 | +28.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,168 | €71,066 | -€13,102 | -15.6% |
| Other operating charges | 640/8 | €12,006 | €12,673 | +€667 | +5.6% |
| Gross operating margin | 9900 | €77,583 | €72,568 | -€5,015 | -6.5% |
| Operating profit (loss) | 9901 | -€18,591 | -€11,171 | +€7,420 | +39.9% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €478 | €789 | +€311 | +64.9% |
| Recurring financial charges | 65 | €478 | €789 | +€311 | +64.9% |
| Profit (loss) for the period before taxes | 9903 | -€19,069 | -€11,960 | +€7,109 | +37.3% |
| Transfer from deferred taxes | 780 | €3,598 | €3,598 | -€0 | 0.0% |
| Income taxes | 67/77 | -€585 | €138 | +€723 | |
| Profit (loss) for the period | 9904 | -€14,886 | -€8,500 | +€6,386 | +42.9% |
| Transfer from tax-exempt reserves | 789 | €10,794 | €10,794 | -€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,091 | €2,294 | +€6,385 |
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 23 October 2026 via checked.be.