PALINCKHOVE: what changed
What changed
PALINCKHOVE
NACE 68.110, Buying and selling of own real estate
filed annual accounts (NBB)
Net result for the year
-€40,502
2024 · €23,857-€64,360
Equity
-€156,571
2024 · -€116,069-€40,502
Cash
€16,958
2024 · €13,867+€3,092
Balance sheet total
€2.1m
2024 · €2.2m-€81,714
Largest movements
Assets
- Tangible fixed assets -€69,856
down €69,856 (-3.3%), from €2.1m to €2.0m
of which Land and buildings: -€64,376
Equity and liabilities
- Profit (loss) carried forward -€40,502
down €40,502 (-18.7%), from -€216,069 to -€256,571
- Debts after one year -€30,150
down €30,150 (-1.4%), from €2.2m to €2.2m
of which Financial debts: -€50,000
Income statement
- Gross operating margin -€72,420
down €72,420 (-50.0%), from €144,957 to €72,536
- Financial charges -€6,766
down €6,766 (-19.0%), from €35,598 to €28,832
- Depreciation -€1,687
down €1,687 (-2.1%), from €78,707 to €77,020
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€23,857
Gross operating margin
-€72,420
Depreciation
+€1,687
Other operating charges
-€392
Financial income
-€0
Financial charges
+€6,766
Result 2025
-€40,502
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€40,406
Investment
-€7,164
Financing
-€30,150
Cash 2024
€13,867
From operations (derived)
+€40,406
Net result for the year
-€40,502
Depreciation
+€77,020
Receivables within one year
+€15,108
Deferred charges and accrued income
-€159
Trade debts
-€5,658
Other debts
-€5,004
Accrued charges and deferred income
-€400
Investment (derived)
-€7,164
Investment in fixed assets (net)
-€7,164
Financing
-€30,150
Debts after one year
-€30,150
Cash 2025
€16,958
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,166,733 | €2,085,020 | -€81,714 | -3.8% |
| Fixed assets | 21/28 | €2,106,721 | €2,036,866 | -€69,856 | -3.3% |
| Tangible fixed assets | 22/27 | €2,106,721 | €2,036,866 | -€69,856 | -3.3% |
| Land and buildings | 22 | €2,065,082 | €2,000,705 | -€64,376 | -3.1% |
| Plant, machinery and equipment | 23 | €12,105 | €9,064 | -€3,041 | -25.1% |
| Furniture and vehicles | 24 | €29,535 | €27,096 | -€2,438 | -8.3% |
| Current assets | 29/58 | €60,012 | €48,154 | -€11,858 | -19.8% |
| Amounts receivable within one year | 40/41 | €43,429 | €28,320 | -€15,108 | -34.8% |
| Trade receivables | 40 | €41,144 | €24,002 | -€17,142 | -41.7% |
| Other amounts receivable | 41 | €2,285 | €4,318 | +€2,034 | +89.0% |
| Cash at bank and in hand | 54/58 | €13,867 | €16,958 | +€3,092 | +22.3% |
| Deferred charges and accrued income | 490/1 | €2,717 | €2,875 | +€159 | +5.8% |
| Total equity and liabilities | 10/49 | €2,166,733 | €2,085,020 | -€81,714 | -3.8% |
| Equity | 10/15 | -€116,069 | -€156,571 | -€40,502 | -34.9% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€216,069 | -€256,571 | -€40,502 | -18.7% |
| Amounts payable | 17/49 | €2,282,802 | €2,241,590 | -€41,212 | -1.8% |
| Amounts payable after more than one year | 17 | €2,197,596 | €2,167,446 | -€30,150 | -1.4% |
| Financial debts | 170/4 | €262,500 | €212,500 | -€50,000 | -19.0% |
| Other amounts payable | 178/9 | €1,935,096 | €1,954,946 | +€19,850 | +1.0% |
| Amounts payable within one year | 42/48 | €65,357 | €54,695 | -€10,662 | -16.3% |
| Current portion of amounts payable after more than one year | 42 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €8,240 | €2,582 | -€5,658 | -68.7% |
| Suppliers | 440/4 | €8,240 | €2,582 | -€5,658 | -68.7% |
| Other amounts payable | 47/48 | €7,117 | €2,113 | -€5,004 | -70.3% |
| Accrued charges and deferred income | 492/3 | €19,850 | €19,450 | -€400 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,707 | €77,020 | -€1,687 | -2.1% |
| Other operating charges | 640/8 | €6,794 | €7,186 | +€392 | +5.8% |
| Gross operating margin | 9900 | €144,957 | €72,536 | -€72,420 | -50.0% |
| Operating profit (loss) | 9901 | €59,455 | -€11,670 | -€71,125 | |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €35,598 | €28,832 | -€6,766 | -19.0% |
| Recurring financial charges | 65 | €35,598 | €28,832 | -€6,766 | -19.0% |
| Profit (loss) for the period before taxes | 9903 | €23,857 | -€40,502 | -€64,360 | |
| Profit (loss) for the period | 9904 | €23,857 | -€40,502 | -€64,360 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,857 | -€40,502 | -€64,360 |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.