PALINOU: 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.
PALINOU
Largest movements
- Cash +€49,738
up €49,738 (+36.9%), from €134,664 to €184,402
mainly Other debts (+€66,318) and Net result for the year (+€31,106)
- Receivables within one year -€21,232
down €21,232 (-48.9%), from €43,415 to €22,182
of which Trade receivables: -€21,175
- Receivables after one year +€3,307
up €3,307 (+5.2%), from €63,774 to €67,081
- Other debts +€66,318
up €66,318 (+19156.4%), from €346 to €66,664
- Reserves -€39,671
down €39,671 (-25.9%), from €153,037 to €113,365
- Trade debts +€3,820
up €3,820 (+184.3%), from €2,073 to €5,893
- Gross operating margin -€15,544
down €15,544 (-25.5%), from €60,916 to €45,372
- Taxes -€4,542
down €4,542 (-23.9%), from €18,972 to €14,430
- Other operating charges -€3,551
down €3,551 (-91.5%), from €3,878 to €328
- Financial charges +€688
up €688 (+90.8%), from €758 to €1,445
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 | €241,853 | €273,666 | +€31,813 | +13.2% |
| Current assets | 29/58 | €241,853 | €273,666 | +€31,813 | +13.2% |
| Amounts receivable after more than one year | 29 | €63,774 | €67,081 | +€3,307 | +5.2% |
| Other amounts receivable | 291 | €63,774 | €67,081 | +€3,307 | +5.2% |
| Amounts receivable within one year | 40/41 | €43,415 | €22,182 | -€21,232 | -48.9% |
| Trade receivables | 40 | €42,350 | €21,175 | -€21,175 | -50.0% |
| Other amounts receivable | 41 | €1,065 | €1,007 | -€57 | -5.4% |
| Cash at bank and in hand | 54/58 | €134,664 | €184,402 | +€49,738 | +36.9% |
| Total equity and liabilities | 10/49 | €241,853 | €273,666 | +€31,813 | +13.2% |
| Equity | 10/15 | €236,666 | €196,995 | -€39,671 | -16.8% |
| Contributions | 10/11 | €7,030 | €7,030 | = | 0.0% |
| Reserves | 13 | €153,037 | €113,365 | -€39,671 | -25.9% |
| Distributable reserves | 133 | €153,037 | €113,365 | -€39,671 | -25.9% |
| Profit (loss) carried forward | 14 | €76,600 | €76,600 | = | 0.0% |
| Amounts payable | 17/49 | €5,187 | €76,671 | +€71,484 | +1378.2% |
| Amounts payable within one year | 42/48 | €5,187 | €76,671 | +€71,484 | +1378.2% |
| Trade debts | 44 | €2,073 | €5,893 | +€3,820 | +184.3% |
| Suppliers | 440/4 | €2,073 | €5,893 | +€3,820 | +184.3% |
| Taxes, remuneration and social security | 45 | €2,767 | €4,114 | +€1,346 | +48.6% |
| Taxes | 450/3 | €2,767 | €4,114 | +€1,346 | +48.6% |
| Other amounts payable | 47/48 | €346 | €66,664 | +€66,318 | +19156.4% |
| Other operating charges | 640/8 | €3,878 | €328 | -€3,551 | -91.5% |
| Gross operating margin | 9900 | €60,916 | €45,372 | -€15,544 | -25.5% |
| Operating profit (loss) | 9901 | €57,038 | €45,044 | -€11,993 | -21.0% |
| Financial income | 75/76B | €1,815 | €1,937 | +€122 | +6.7% |
| Recurring financial income | 75 | €1,815 | €1,937 | +€122 | +6.7% |
| Financial charges | 65/66B | €758 | €1,445 | +€688 | +90.8% |
| Recurring financial charges | 65 | €758 | €1,445 | +€688 | +90.8% |
| Profit (loss) for the period before taxes | 9903 | €58,095 | €45,536 | -€12,559 | -21.6% |
| Income taxes | 67/77 | €18,972 | €14,430 | -€4,542 | -23.9% |
| Profit (loss) for the period | 9904 | €39,124 | €31,106 | -€8,018 | -20.5% |
| Profit (loss) for the period to be appropriated | 9905 | €39,124 | €31,106 | -€8,018 | -20.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.