PALIZZY: 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.
PALIZZY
Largest movements
- Receivables within one year +€21,876
up €21,876 (+37.1%), from €58,895 to €80,771
of which Other amounts receivable: +€20,037
- Cash -€16,079
down €16,079 (-65.5%), from €24,564 to €8,485
mainly Receivables within one year (-€21,876) and Net result for the year (-€6,796)
- Financial fixed assets -€7,513
down €7,513 (-10.7%), from €69,958 to €62,445
- Tangible fixed assets -€6,852
down €6,852 (-44.7%), from €15,319 to €8,467
- Current investments -€3,282
down €3,282 (-4.1%), from €79,339 to €76,057
- Profit (loss) carried forward -€6,796
down €6,796 (-71.3%), from €9,532 to €2,737
- Trade debts -€4,264
down €4,264 (-76.4%), from €5,585 to €1,321
- Gross operating margin -€33,744
down €33,744 (-62.4%), from €54,054 to €20,310
- Financial charges +€17,060
up €17,060 (+12424.8%), from €137 to €17,198
of which Non-recurring financial charges: +€16,500
- Taxes -€7,056
down €7,056 (-63.6%), from €11,101 to €4,046
- Write-downs +€4,125
new in 2025: €4,125
- Financial income +€2,793
up €2,793 (+82.5%), from €3,387 to €6,180
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 | €261,160 | €249,170 | -€11,990 | -4.6% |
| Fixed assets | 21/28 | €85,277 | €70,912 | -€14,365 | -16.8% |
| Tangible fixed assets | 22/27 | €15,319 | €8,467 | -€6,852 | -44.7% |
| Furniture and vehicles | 24 | €15,319 | €8,467 | -€6,852 | -44.7% |
| Financial fixed assets | 28 | €69,958 | €62,445 | -€7,513 | -10.7% |
| Current assets | 29/58 | €175,883 | €178,258 | +€2,375 | +1.4% |
| Amounts receivable after more than one year | 29 | €12,900 | €12,900 | = | 0.0% |
| Trade receivables | 290 | €6,900 | €6,900 | = | 0.0% |
| Other amounts receivable | 291 | €6,000 | €6,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €58,895 | €80,771 | +€21,876 | +37.1% |
| Trade receivables | 40 | €21,090 | €22,928 | +€1,839 | +8.7% |
| Other amounts receivable | 41 | €37,805 | €57,842 | +€20,037 | +53.0% |
| Current investments | 50/53 | €79,339 | €76,057 | -€3,282 | -4.1% |
| Cash at bank and in hand | 54/58 | €24,564 | €8,485 | -€16,079 | -65.5% |
| Deferred charges and accrued income | 490/1 | €184 | €44 | -€140 | -76.1% |
| Total equity and liabilities | 10/49 | €261,160 | €249,170 | -€11,990 | -4.6% |
| Equity | 10/15 | €254,532 | €247,737 | -€6,796 | -2.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €240,000 | €240,000 | = | 0.0% |
| Distributable reserves | 133 | €240,000 | €240,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,532 | €2,737 | -€6,796 | -71.3% |
| Amounts payable | 17/49 | €6,627 | €1,433 | -€5,194 | -78.4% |
| Amounts payable within one year | 42/48 | €6,627 | €1,433 | -€5,194 | -78.4% |
| Trade debts | 44 | €5,585 | €1,321 | -€4,264 | -76.4% |
| Suppliers | 440/4 | €5,585 | €1,321 | -€4,264 | -76.4% |
| Taxes, remuneration and social security | 45 | €1,014 | - | -€1,014 | |
| Taxes | 450/3 | €1,007 | - | -€1,007 | |
| Remuneration and social security | 454/9 | €7 | - | -€7 | |
| Other amounts payable | 47/48 | €28 | €113 | +€84 | +299.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,298 | €7,390 | +€92 | +1.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,125 | +€4,125 | |
| Other operating charges | 640/8 | €509 | €527 | +€18 | +3.5% |
| Gross operating margin | 9900 | €54,054 | €20,310 | -€33,744 | -62.4% |
| Operating profit (loss) | 9901 | €46,247 | €8,268 | -€37,979 | -82.1% |
| Financial income | 75/76B | €3,387 | €6,180 | +€2,793 | +82.5% |
| Recurring financial income | 75 | €3,387 | €6,180 | +€2,793 | +82.5% |
| Financial charges | 65/66B | €137 | €17,198 | +€17,060 | +12424.8% |
| Recurring financial charges | 65 | €137 | €698 | +€561 | +408.4% |
| Non-recurring financial charges | 66B | - | €16,500 | +€16,500 | |
| Profit (loss) for the period before taxes | 9903 | €49,496 | -€2,750 | -€52,246 | |
| Income taxes | 67/77 | €11,101 | €4,046 | -€7,056 | -63.6% |
| Profit (loss) for the period | 9904 | €38,395 | -€6,796 | -€45,190 | |
| Profit (loss) for the period to be appropriated | 9905 | €38,395 | -€6,796 | -€45,190 |
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 1 October 2026 via checked.be.