PALITS: 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.
PALITS
Largest movements
- Receivables within one year -€77,689
down €77,689 (-60.0%), from €129,570 to €51,881
- Tangible fixed assets +€19,385
up €19,385 (+471%), from €4,112 to €23,497
of which Furniture and vehicles: +€19,385
- Deferred charges and accrued income -€2,086
down €2,086 (-86.3%), from €2,416 to €330
- Profit (loss) carried forward -€87,039
down €87,039, from €14,409 to -€72,629
- Other debts +€56,326
up €56,326 (+71.9%), from €78,354 to €134,680
- Trade debts -€19,821
no longer reported in 2024 (was €19,821)
- Tax, wage and social debts -€9,972
down €9,972 (-64.0%), from €15,581 to €5,609
- Gross operating margin -€69,357
down €69,357 (-1,511%), from -€4,590 to -€73,947
- Other operating charges -€9,597
down €9,597 (-86.9%), from €11,047 to €1,450
- Depreciation +€3,533
up €3,533 (+138%), from €2,562 to €6,096
- Financial charges +€1,530
up €1,530 (+38.1%), from €4,016 to €5,546
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.
Derived cash bridge
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 | €136,225 | €75,720 | -€60,505 | -44.4% |
| Fixed assets | 21/28 | €4,112 | €23,497 | +€19,385 | +471% |
| Tangible fixed assets | 22/27 | €4,112 | €23,497 | +€19,385 | +471% |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | €4,112 | €23,497 | +€19,385 | +471% |
| Current assets | 29/58 | €132,113 | €52,223 | -€79,890 | -60.5% |
| Amounts receivable within one year | 40/41 | €129,570 | €51,881 | -€77,689 | -60.0% |
| Trade receivables | 40 | €129,570 | €51,881 | -€77,689 | -60.0% |
| Cash at bank and in hand | 54/58 | €127 | €12 | -€115 | -90.2% |
| Deferred charges and accrued income | 490/1 | €2,416 | €330 | -€2,086 | -86.3% |
| Total equity and liabilities | 10/49 | €136,225 | €75,720 | -€60,505 | -44.4% |
| Equity | 10/15 | €22,469 | -€64,569 | -€87,039 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,409 | -€72,629 | -€87,039 | |
| Amounts payable | 17/49 | €113,756 | €140,290 | +€26,534 | +23.3% |
| Amounts payable within one year | 42/48 | €113,756 | €140,290 | +€26,534 | +23.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €19,821 | - | -€19,821 | |
| Suppliers | 440/4 | €19,821 | - | -€19,821 | |
| Taxes, remuneration and social security | 45 | €15,581 | €5,609 | -€9,972 | -64.0% |
| Taxes | 450/3 | €15,581 | €5,609 | -€9,972 | -64.0% |
| Other amounts payable | 47/48 | €78,354 | €134,680 | +€56,326 | +71.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,562 | €6,096 | +€3,533 | +138% |
| Other operating charges | 640/8 | €11,047 | €1,450 | -€9,597 | -86.9% |
| Gross operating margin | 9900 | -€4,590 | -€73,947 | -€69,357 | -1,511% |
| Operating profit (loss) | 9901 | -€18,199 | -€81,493 | -€63,294 | -348% |
| Financial charges | 65/66B | €4,016 | €5,546 | +€1,530 | +38.1% |
| Recurring financial charges | 65 | €4,016 | €5,546 | +€1,530 | +38.1% |
| Profit (loss) for the period before taxes | 9903 | -€22,215 | -€87,039 | -€64,824 | -292% |
| Profit (loss) for the period | 9904 | -€22,215 | -€87,039 | -€64,824 | -292% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,215 | -€87,039 | -€64,824 | -292% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.