PALITAL: 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.
PALITAL
Largest movements
- Receivables within one year -€269,988
down €269,988 (-35.0%), from €771,525 to €501,538
- Cash -€158,053
down €158,053 (-63.0%), from €250,796 to €92,743
mainly Other debts (-€347,600) and Tax, wage and social debts (-€160,812)
- Deferred charges and accrued income -€47,632
no longer reported in 2025 (was €47,632)
- Other debts -€347,600
down €347,600 (-89.7%), from €387,601 to €40,001
- Tax, wage and social debts -€160,812
down €160,812 (-84.5%), from €190,348 to €29,536
- Profit (loss) carried forward +€45,199
up €45,199 (+5.9%), from €770,488 to €815,687
- Financial income -€1.3m
down €1.3m (-100.0%), from €1.3m to €0
- Purchases and services -€73,909
down €73,909 (-46.4%), from €159,173 to €85,264
- Turnover -€45,400
down €45,400 (-20.4%), from €222,400 to €177,000
- Gross operating margin +€23,034
up €23,034 (+25.4%), from €90,770 to €113,804
- Taxes +€21,812
up €21,812 (+220%), from €9,903 to €31,714
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,809,574 | €1,327,982 | -€481,592 | -26.6% |
| Fixed assets | 21/28 | €739,620 | €733,702 | -€5,918 | -0.8% |
| Tangible fixed assets | 22/27 | €17,991 | €12,072 | -€5,918 | -32.9% |
| Land and buildings | 22 | €16,745 | €11,629 | -€5,116 | -30.6% |
| Furniture and vehicles | 24 | €1,246 | €443 | -€802 | -64.4% |
| Financial fixed assets | 28 | €721,630 | €721,630 | = | 0.0% |
| Current assets | 29/58 | €1,069,953 | €594,280 | -€475,673 | -44.5% |
| Amounts receivable within one year | 40/41 | €771,525 | €501,538 | -€269,988 | -35.0% |
| Other amounts receivable | 41 | €771,525 | €501,538 | -€269,988 | -35.0% |
| Cash at bank and in hand | 54/58 | €250,796 | €92,743 | -€158,053 | -63.0% |
| Deferred charges and accrued income | 490/1 | €47,632 | - | -€47,632 | |
| Total equity and liabilities | 10/49 | €1,809,574 | €1,327,982 | -€481,592 | -26.6% |
| Equity | 10/15 | €996,820 | €1,042,019 | +€45,199 | +4.5% |
| Contributions | 10/11 | €205,756 | €205,756 | = | 0.0% |
| Capital | 10 | €205,756 | €205,756 | = | 0.0% |
| Issued capital | 100 | €205,756 | €205,756 | = | 0.0% |
| Reserves | 13 | €20,576 | €20,576 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20,576 | €20,576 | = | 0.0% |
| Legal reserve | 130 | €20,576 | €20,576 | = | 0.0% |
| Profit (loss) carried forward | 14 | €770,488 | €815,687 | +€45,199 | +5.9% |
| Provisions and deferred taxes | 16 | €223,615 | €216,268 | -€7,347 | -3.3% |
| Provisions for liabilities and charges | 160/5 | €223,615 | €216,268 | -€7,347 | -3.3% |
| Other liabilities and charges | 164/5 | €223,615 | €216,268 | -€7,347 | -3.3% |
| Amounts payable | 17/49 | €589,139 | €69,696 | -€519,444 | -88.2% |
| Amounts payable within one year | 42/48 | €578,958 | €69,696 | -€509,262 | -88.0% |
| Trade debts | 44 | €1,009 | €159 | -€850 | -84.2% |
| Suppliers | 440/4 | €1,009 | €159 | -€850 | -84.2% |
| Taxes, remuneration and social security | 45 | €190,348 | €29,536 | -€160,812 | -84.5% |
| Taxes | 450/3 | €190,348 | €29,536 | -€160,812 | -84.5% |
| Other amounts payable | 47/48 | €387,601 | €40,001 | -€347,600 | -89.7% |
| Accrued charges and deferred income | 492/3 | €10,182 | - | -€10,182 | |
| Turnover | 70 | €222,400 | €177,000 | -€45,400 | -20.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €159,173 | €85,264 | -€73,909 | -46.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,874 | €5,918 | -€7,956 | -57.3% |
| Other operating charges | 640/8 | €1,834 | €2,535 | +€700 | +38.2% |
| Gross operating margin | 9900 | €90,770 | €113,804 | +€23,034 | +25.4% |
| Operating profit (loss) | 9901 | €75,062 | €105,351 | +€30,289 | +40.4% |
| Financial income | 75/76B | €1,250,002 | €0 | -€1.3m | -100.0% |
| Recurring financial income | 75 | €1,250,002 | €0 | -€1.3m | -100.0% |
| Financial charges | 65/66B | €35,191 | €28,438 | -€6,753 | -19.2% |
| Recurring financial charges | 65 | €35,191 | €28,438 | -€6,753 | -19.2% |
| Profit (loss) for the period before taxes | 9903 | €1,289,873 | €76,914 | -€1.2m | -94.0% |
| Income taxes | 67/77 | €9,903 | €31,714 | +€21,812 | +220% |
| Profit (loss) for the period | 9904 | €1,279,970 | €45,199 | -€1.2m | -96.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,279,970 | €45,199 | -€1.2m | -96.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.