PALIMO: 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
PALIMO
NACE 64.999, Other financial services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€3,420
2024 · €19,516-€16,097
Equity
€1.2m
2024 · €1.1m+€3,420
Cash
€349,790
2024 · €297,375+€52,415
Balance sheet total
€1.9m
2024 · €1.8m+€70,718
Largest movements
Assets
- Cash +€52,415
up €52,415 (+17.6%), from €297,375 to €349,790
mainly Depreciation (+€80,396) and Other debts (+€37,806)
- Tangible fixed assets +€35,832
up €35,832 (+2.5%), from €1.4m to €1.5m
of which Land and buildings: +€34,546
Equity and liabilities
- Other debts +€37,806
up €37,806 (+594%), from €6,366 to €44,172
- Trade debts +€35,222
up €35,222 (+358%), from €9,846 to €45,068
Income statement
- Gross operating margin -€23,113
down €23,113 (-14.3%), from €162,040 to €138,927
- Taxes -€6,876
down €6,876 (-63.1%), from €10,890 to €4,014
- Depreciation +€3,134
up €3,134 (+4.1%), from €77,262 to €80,396
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
€19,516
Gross operating margin
-€23,113
Depreciation
-€3,134
Provisions
+€262
Other operating charges
-€1,419
Other operating items
+€3,942
Financial income
-€48
Financial charges
+€537
Taxes
+€6,876
Result 2025
€3,420
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€168,643
Investment
-€116,228
Financing
€0
Cash 2024
€297,375
From operations (derived)
+€168,643
Net result for the year
+€3,420
Depreciation
+€80,396
Receivables within one year
+€10,389
Deferred charges and accrued income
+€7,140
Provisions
-€4,998
Trade debts
+€35,222
Tax, wage and social debts
-€734
Other debts
+€37,806
Accrued charges and deferred income
+€2
Investment (derived)
-€116,228
Investment in fixed assets (net)
-€116,228
Cash 2025
€349,790
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,813,361 | €1,884,079 | +€70,718 | +3.9% |
| Fixed assets | 21/28 | €1,449,839 | €1,485,671 | +€35,832 | +2.5% |
| Tangible fixed assets | 22/27 | €1,449,839 | €1,485,671 | +€35,832 | +2.5% |
| Land and buildings | 22 | €1,439,032 | €1,473,578 | +€34,546 | +2.4% |
| Plant, machinery and equipment | 23 | €2,324 | €5,749 | +€3,425 | +147% |
| Furniture and vehicles | 24 | €1,969 | €691 | -€1,278 | -64.9% |
| Other tangible fixed assets | 26 | €6,513 | €5,653 | -€860 | -13.2% |
| Current assets | 29/58 | €363,523 | €398,408 | +€34,886 | +9.6% |
| Amounts receivable within one year | 40/41 | €56,171 | €45,781 | -€10,389 | -18.5% |
| Trade receivables | 40 | €35,488 | €23,185 | -€12,302 | -34.7% |
| Other amounts receivable | 41 | €20,683 | €22,596 | +€1,913 | +9.2% |
| Cash at bank and in hand | 54/58 | €297,375 | €349,790 | +€52,415 | +17.6% |
| Deferred charges and accrued income | 490/1 | €9,977 | €2,837 | -€7,140 | -71.6% |
| Total equity and liabilities | 10/49 | €1,813,361 | €1,884,079 | +€70,718 | +3.9% |
| Equity | 10/15 | €1,148,797 | €1,152,217 | +€3,420 | +0.3% |
| Contributions | 10/11 | €489,590 | €489,590 | = | 0.0% |
| Capital | 10 | €489,590 | €489,590 | = | 0.0% |
| Issued capital | 100 | €489,590 | €489,590 | = | 0.0% |
| Reserves | 13 | €122,181 | €125,601 | +€3,420 | +2.8% |
| Non-distributable reserves | 130/1 | €48,959 | €48,959 | = | 0.0% |
| Legal reserve | 130 | €48,959 | €48,959 | = | 0.0% |
| Distributable reserves | 133 | €73,222 | €76,642 | +€3,420 | +4.7% |
| Profit (loss) carried forward | 14 | €537,026 | €537,026 | = | 0.0% |
| Provisions and deferred taxes | 16 | €645,264 | €640,266 | -€4,998 | -0.8% |
| Provisions for liabilities and charges | 160/5 | €645,264 | €640,266 | -€4,998 | -0.8% |
| Environmental obligations | 163 | €645,264 | €640,266 | -€4,998 | -0.8% |
| Amounts payable | 17/49 | €19,300 | €91,597 | +€72,296 | +375% |
| Amounts payable within one year | 42/48 | €19,300 | €91,594 | +€72,294 | +375% |
| Trade debts | 44 | €9,846 | €45,068 | +€35,222 | +358% |
| Suppliers | 440/4 | €9,846 | €45,068 | +€35,222 | +358% |
| Taxes, remuneration and social security | 45 | €3,089 | €2,355 | -€734 | -23.8% |
| Taxes | 450/3 | €3,089 | €2,355 | -€734 | -23.8% |
| Other amounts payable | 47/48 | €6,366 | €44,172 | +€37,806 | +594% |
| Accrued charges and deferred income | 492/3 | - | €2 | +€2 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,262 | €80,396 | +€3,134 | +4.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€4,736 | -€4,998 | -€262 | -5.5% |
| Other operating charges | 640/8 | €6,696 | €8,115 | +€1,419 | +21.2% |
| Non-recurring operating charges | 66A | €3,942 | - | -€3,942 | |
| Gross operating margin | 9900 | €162,040 | €138,927 | -€23,113 | -14.3% |
| Operating profit (loss) | 9901 | €78,876 | €55,415 | -€23,461 | -29.7% |
| Financial income | 75/76B | €48 | - | -€48 | |
| Recurring financial income | 75 | €48 | - | -€48 | |
| Financial charges | 65/66B | €48,518 | €47,981 | -€537 | -1.1% |
| Recurring financial charges | 65 | €48,518 | €47,981 | -€537 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | €30,407 | €7,434 | -€22,973 | -75.6% |
| Income taxes | 67/77 | €10,890 | €4,014 | -€6,876 | -63.1% |
| Profit (loss) for the period | 9904 | €19,516 | €3,420 | -€16,097 | -82.5% |
| Profit (loss) for the period to be appropriated | 9905 | €19,516 | €3,420 | -€16,097 | -82.5% |
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.