PALIT: 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.
PALIT
Largest movements
- Cash -€44,656
down €44,656 (-83.5%), from €53,508 to €8,853
mainly Trade debts (-€60,232) and Receivables within one year (-€4,205)
- Tangible fixed assets -€10,275
down €10,275 (-62.4%), from €16,460 to €6,185
of which Leasing and similar rights: -€8,718
- Stocks and contracts -€6,546
down €6,546 (-5.5%), from €119,901 to €113,355
- Receivables within one year +€4,205
up €4,205 (+86.0%), from €4,887 to €9,092
- Deferred charges and accrued income -€2,519
no longer reported in 2024 (was €2,519)
- Trade debts -€60,232
down €60,232 (-46.3%), from €130,210 to €69,978
- Gross operating margin -€22,913
down €22,913 (-63.9%), from €35,880 to €12,967
- Taxes -€17,922
down €17,922 (-98.3%), from €18,236 to €314
- Staff costs -€1,781
no longer reported in 2024 (was €1,781)
- Financial charges -€1,492
down €1,492 (-46.6%), from €3,200 to €1,708
- Depreciation -€516
down €516 (-4.8%), from €10,791 to €10,275
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €209,076 | €149,284 | -€59,792 | -28.6% |
| Fixed assets | 21/28 | €28,260 | €17,985 | -€10,275 | -36.4% |
| Tangible fixed assets | 22/27 | €16,460 | €6,185 | -€10,275 | -62.4% |
| Plant, machinery and equipment | 23 | €7,422 | €6,185 | -€1,237 | -16.7% |
| Furniture and vehicles | 24 | €320 | - | -€320 | |
| Leasing and similar rights | 25 | €8,718 | - | -€8,718 | |
| Financial fixed assets | 28 | €11,800 | €11,800 | = | 0.0% |
| Current assets | 29/58 | €180,816 | €131,299 | -€49,516 | -27.4% |
| Stocks and contracts in progress | 3 | €119,901 | €113,355 | -€6,546 | -5.5% |
| Stocks | 30/36 | €119,901 | €113,355 | -€6,546 | -5.5% |
| Amounts receivable within one year | 40/41 | €4,887 | €9,092 | +€4,205 | +86.0% |
| Other amounts receivable | 41 | €4,887 | €9,092 | +€4,205 | +86.0% |
| Cash at bank and in hand | 54/58 | €53,508 | €8,853 | -€44,656 | -83.5% |
| Deferred charges and accrued income | 490/1 | €2,519 | - | -€2,519 | |
| Total equity and liabilities | 10/49 | €209,076 | €149,284 | -€59,792 | -28.6% |
| Equity | 10/15 | €77,968 | €78,025 | +€57 | +0.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €53,520 | €53,520 | = | 0.0% |
| Tax-exempt reserves | 132 | €53,520 | €53,520 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,448 | €23,505 | +€57 | +0.2% |
| Amounts payable | 17/49 | €131,107 | €71,259 | -€59,848 | -45.6% |
| Amounts payable within one year | 42/48 | €131,107 | €71,259 | -€59,848 | -45.6% |
| Trade debts | 44 | €130,210 | €69,978 | -€60,232 | -46.3% |
| Suppliers | 440/4 | €130,210 | €69,978 | -€60,232 | -46.3% |
| Taxes, remuneration and social security | 45 | €891 | €499 | -€392 | -44.0% |
| Taxes | 450/3 | €676 | €284 | -€392 | -58.0% |
| Remuneration and social security | 454/9 | €215 | €215 | = | 0.0% |
| Other amounts payable | 47/48 | €7 | €782 | +€775 | +11504.6% |
| Remuneration, social security and pensions | 62 | €1,781 | - | -€1,781 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,791 | €10,275 | -€516 | -4.8% |
| Other operating charges | 640/8 | €300 | €614 | +€314 | +104.7% |
| Gross operating margin | 9900 | €35,880 | €12,967 | -€22,913 | -63.9% |
| Operating profit (loss) | 9901 | €23,008 | €2,078 | -€20,930 | -91.0% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €3,200 | €1,708 | -€1,492 | -46.6% |
| Recurring financial charges | 65 | €3,200 | €1,708 | -€1,492 | -46.6% |
| Profit (loss) for the period before taxes | 9903 | €19,810 | €370 | -€19,439 | -98.1% |
| Income taxes | 67/77 | €18,236 | €314 | -€17,922 | -98.3% |
| Profit (loss) for the period | 9904 | €1,574 | €57 | -€1,517 | -96.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,574 | €57 | -€1,517 | -96.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.