PALINCK: what changed
Two fiscal 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.
PALINCK
Largest movements
- Deferred charges and accrued income -€45,197
down €45,197 (-99.8%), from €45,305 to €108
- Receivables within one year +€32,652
up €32,652 (+159.5%), from €20,468 to €53,120
of which Trade receivables: +€41,487
- Tangible fixed assets -€3,330
down €3,330 (-1.6%), from €210,398 to €207,067
of which Furniture and vehicles: -€2,182
- Other debts +€17,709
up €17,709 (+21.9%), from €80,982 to €98,691
- Accrued charges and deferred income -€14,983
down €14,983 (-88.3%), from €16,969 to €1,986
- Profit (loss) carried forward -€10,370
down €10,370 (-10.9%), from -€95,256 to -€105,626
- Debts after one year -€5,797
down €5,797 (-25.1%), from €23,098 to €17,300
- Trade debts -€3,416
down €3,416 (-18.9%), from €18,075 to €14,660
- Gross operating margin -€14,483
down €14,483 (-97.7%), from €14,831 to €348
- Financial charges +€1,126
up €1,126 (+103.4%), from €1,090 to €2,216
- Depreciation +€894
up €894 (+13.3%), from €6,740 to €7,634
- Other operating charges +€262
up €262 (+36.9%), from €710 to €971
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €276,720 | €260,580 | -€16,140 | -5.8% |
| Fixed assets | 21/28 | €210,398 | €207,067 | -€3,330 | -1.6% |
| Tangible fixed assets | 22/27 | €210,398 | €207,067 | -€3,330 | -1.6% |
| Land and buildings | 22 | €202,957 | €201,809 | -€1,148 | -0.6% |
| Furniture and vehicles | 24 | €7,441 | €5,259 | -€2,182 | -29.3% |
| Current assets | 29/58 | €66,322 | €53,513 | -€12,810 | -19.3% |
| Amounts receivable within one year | 40/41 | €20,468 | €53,120 | +€32,652 | +159.5% |
| Trade receivables | 40 | €6,198 | €47,684 | +€41,487 | +669.4% |
| Other amounts receivable | 41 | €14,271 | €5,436 | -€8,835 | -61.9% |
| Cash at bank and in hand | 54/58 | €549 | €284 | -€265 | -48.2% |
| Deferred charges and accrued income | 490/1 | €45,305 | €108 | -€45,197 | -99.8% |
| Total equity and liabilities | 10/49 | €276,720 | €260,580 | -€16,140 | -5.8% |
| Equity | 10/15 | €132,044 | €121,674 | -€10,370 | -7.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Outside capital | 11 | €62,000 | - | -€62,000 | |
| Other | 1109/19 | €62,000 | - | -€62,000 | |
| Revaluation surpluses | 12 | €165,300 | €165,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€95,256 | -€105,626 | -€10,370 | -10.9% |
| Amounts payable | 17/49 | €144,676 | €138,906 | -€5,770 | -4.0% |
| Amounts payable after more than one year | 17 | €23,098 | €17,300 | -€5,797 | -25.1% |
| Financial debts | 170/4 | €23,098 | €17,300 | -€5,797 | -25.1% |
| Amounts payable within one year | 42/48 | €104,609 | €119,619 | +€15,011 | +14.3% |
| Current portion of amounts payable after more than one year | 42 | €5,552 | €6,269 | +€718 | +12.9% |
| Trade debts | 44 | €18,075 | €14,660 | -€3,416 | -18.9% |
| Suppliers | 440/4 | €18,075 | €14,660 | -€3,416 | -18.9% |
| Other amounts payable | 47/48 | €80,982 | €98,691 | +€17,709 | +21.9% |
| Accrued charges and deferred income | 492/3 | €16,969 | €1,986 | -€14,983 | -88.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,740 | €7,634 | +€894 | +13.3% |
| Other operating charges | 640/8 | €710 | €971 | +€262 | +36.9% |
| Gross operating margin | 9900 | €14,831 | €348 | -€14,483 | -97.7% |
| Operating profit (loss) | 9901 | €7,382 | -€8,257 | -€15,639 | |
| Financial income | 75/76B | €74 | €103 | +€29 | +39.1% |
| Recurring financial income | 75 | €74 | €103 | +€29 | +39.1% |
| Financial charges | 65/66B | €1,090 | €2,216 | +€1,126 | +103.4% |
| Recurring financial charges | 65 | €1,090 | €2,216 | +€1,126 | +103.4% |
| Profit (loss) for the period before taxes | 9903 | €6,366 | -€10,370 | -€16,736 | |
| Profit (loss) for the period | 9904 | €6,366 | -€10,370 | -€16,736 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,366 | -€10,370 | -€16,736 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.