PALITEX: 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.
PALITEX
Largest movements
- Tangible fixed assets -€15,140
down €15,140 (-16.6%), from €91,400 to €76,260
of which Leasing and similar rights: -€22,765
- Cash +€8,817
up €8,817 (+3.4%), from €259,461 to €268,279
mainly Depreciation (+€33,615) and Other debts (+€17,837)
- Stocks and contracts -€7,355
down €7,355 (-15.4%), from €47,865 to €40,510
- Profit (loss) carried forward -€39,899
down €39,899 (-38.5%), from €103,503 to €63,604
- Reserves +€24,900
up €24,900 (+10.3%), from €240,860 to €265,760
of which Distributable reserves: +€24,900
- Other debts +€17,837
up €17,837 (+25.9%), from €68,901 to €86,738
- Debts after one year -€17,763
down €17,763 (-56.6%), from €31,360 to €13,597
- Gross operating margin -€19,856
down €19,856 (-20.2%), from €98,379 to €78,523
- Taxes -€4,162
down €4,162 (-27.7%), from €15,000 to €10,838
- Other operating charges +€2,178
up €2,178 (+19.6%), from €11,084 to €13,262
- Depreciation -€1,455
down €1,455 (-4.1%), from €35,070 to €33,615
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 | €503,785 | €494,051 | -€9,734 | -1.9% |
| Fixed assets | 21/28 | €91,940 | €76,800 | -€15,140 | -16.5% |
| Tangible fixed assets | 22/27 | €91,400 | €76,260 | -€15,140 | -16.6% |
| Plant, machinery and equipment | 23 | €23,971 | €23,057 | -€914 | -3.8% |
| Furniture and vehicles | 24 | €8,620 | €17,159 | +€8,539 | +99.1% |
| Leasing and similar rights | 25 | €58,809 | €36,044 | -€22,765 | -38.7% |
| Financial fixed assets | 28 | €540 | €540 | = | 0.0% |
| Current assets | 29/58 | €411,845 | €417,251 | +€5,406 | +1.3% |
| Stocks and contracts in progress | 3 | €47,865 | €40,510 | -€7,355 | -15.4% |
| Stocks | 30/36 | €47,865 | €40,510 | -€7,355 | -15.4% |
| Amounts receivable within one year | 40/41 | €91,523 | €95,012 | +€3,490 | +3.8% |
| Trade receivables | 40 | €76,448 | €78,781 | +€2,333 | +3.1% |
| Other amounts receivable | 41 | €15,075 | €16,231 | +€1,156 | +7.7% |
| Cash at bank and in hand | 54/58 | €259,461 | €268,279 | +€8,817 | +3.4% |
| Deferred charges and accrued income | 490/1 | €12,996 | €13,450 | +€454 | +3.5% |
| Total equity and liabilities | 10/49 | €503,785 | €494,051 | -€9,734 | -1.9% |
| Equity | 10/15 | €350,568 | €335,570 | -€14,999 | -4.3% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €240,860 | €265,760 | +€24,900 | +10.3% |
| Tax-exempt reserves | 132 | €9,000 | €9,000 | = | 0.0% |
| Distributable reserves | 133 | €231,860 | €256,760 | +€24,900 | +10.7% |
| Profit (loss) carried forward | 14 | €103,503 | €63,604 | -€39,899 | -38.5% |
| Amounts payable | 17/49 | €153,217 | €158,482 | +€5,265 | +3.4% |
| Amounts payable after more than one year | 17 | €31,360 | €13,597 | -€17,763 | -56.6% |
| Financial debts | 170/4 | €31,360 | €13,597 | -€17,763 | -56.6% |
| Amounts payable within one year | 42/48 | €121,857 | €144,884 | +€23,027 | +18.9% |
| Current portion of amounts payable after more than one year | 42 | €17,336 | €17,763 | +€426 | +2.5% |
| Trade debts | 44 | €33,251 | €36,074 | +€2,823 | +8.5% |
| Suppliers | 440/4 | €33,251 | €36,074 | +€2,823 | +8.5% |
| Taxes, remuneration and social security | 45 | €2,370 | €4,310 | +€1,940 | +81.9% |
| Taxes | 450/3 | €570 | €2,510 | +€1,940 | +340.7% |
| Remuneration and social security | 454/9 | €1,800 | €1,800 | = | 0.0% |
| Other amounts payable | 47/48 | €68,901 | €86,738 | +€17,837 | +25.9% |
| Non-recurring operating income | 76A | €1,537 | €1,101 | -€436 | -28.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,070 | €33,615 | -€1,455 | -4.1% |
| Other operating charges | 640/8 | €11,084 | €13,262 | +€2,178 | +19.6% |
| Non-recurring operating charges | 66A | €313 | €512 | +€199 | +63.4% |
| Gross operating margin | 9900 | €98,379 | €78,523 | -€19,856 | -20.2% |
| Operating profit (loss) | 9901 | €51,912 | €31,135 | -€20,777 | -40.0% |
| Financial income | 75/76B | €319 | €380 | +€62 | +19.4% |
| Recurring financial income | 75 | €319 | €380 | +€62 | +19.4% |
| Non-recurring financial income | 76B | €319 | €380 | +€62 | +19.4% |
| Financial charges | 65/66B | €4,704 | €5,676 | +€972 | +20.7% |
| Recurring financial charges | 65 | €4,104 | €5,375 | +€1,271 | +31.0% |
| Non-recurring financial charges | 66B | €599 | €301 | -€299 | -49.9% |
| Profit (loss) for the period before taxes | 9903 | €47,527 | €25,839 | -€21,688 | -45.6% |
| Income taxes | 67/77 | €15,000 | €10,838 | -€4,162 | -27.7% |
| Profit (loss) for the period | 9904 | €32,527 | €15,001 | -€17,526 | -53.9% |
| Profit (loss) for the period to be appropriated | 9905 | €32,527 | €15,001 | -€17,526 | -53.9% |
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 4 October 2026 via checked.be.