PALJAS: 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.
PALJAS
Largest movements
- Receivables within one year +€50,181
up €50,181 (+425.4%), from €11,798 to €61,978
of which Trade receivables: +€50,064
- Cash +€25,633
up €25,633 (+37.3%), from €68,754 to €94,387
mainly Net result for the year (+€71,277) and Tax, wage and social debts (+€7,922)
- Deferred charges and accrued income +€2,703
new in 2025: €2,703
- Reserves +€71,277
up €71,277 (+136.6%), from €52,190 to €123,467
- Tax, wage and social debts +€7,922
up €7,922 (+37.0%), from €21,402 to €29,324
- Accrued charges and deferred income +€1,766
up €1,766 (+355.8%), from €496 to €2,262
- Other debts -€1,708
down €1,708 (-100.0%), from €1,708 to €0
- Gross operating margin +€22,185
up €22,185 (+32.4%), from €68,444 to €90,628
- Taxes +€4,707
up €4,707 (+34.5%), from €13,650 to €18,357
- Depreciation -€2,145
down €2,145 (-86.8%), from €2,473 to €328
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 | €80,880 | €159,069 | +€78,189 | +96.7% |
| Formation expenses | 20 | €328 | €0 | -€328 | -100.0% |
| Current assets | 29/58 | €80,552 | €159,069 | +€78,517 | +97.5% |
| Amounts receivable within one year | 40/41 | €11,798 | €61,978 | +€50,181 | +425.4% |
| Trade receivables | 40 | €11,798 | €61,861 | +€50,064 | +424.4% |
| Other amounts receivable | 41 | - | €117 | +€117 | |
| Cash at bank and in hand | 54/58 | €68,754 | €94,387 | +€25,633 | +37.3% |
| Deferred charges and accrued income | 490/1 | - | €2,703 | +€2,703 | |
| Total equity and liabilities | 10/49 | €80,880 | €159,069 | +€78,189 | +96.7% |
| Equity | 10/15 | €56,190 | €127,467 | +€71,277 | +126.8% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €52,190 | €123,467 | +€71,277 | +136.6% |
| Distributable reserves | 133 | €52,190 | €123,467 | +€71,277 | +136.6% |
| Amounts payable | 17/49 | €24,689 | €31,602 | +€6,913 | +28.0% |
| Amounts payable within one year | 42/48 | €24,193 | €29,340 | +€5,147 | +21.3% |
| Trade debts | 44 | €1,083 | €17 | -€1,066 | -98.5% |
| Suppliers | 440/4 | €1,083 | €17 | -€1,066 | -98.5% |
| Taxes, remuneration and social security | 45 | €21,402 | €29,324 | +€7,922 | +37.0% |
| Taxes | 450/3 | €21,402 | €29,324 | +€7,922 | +37.0% |
| Other amounts payable | 47/48 | €1,708 | €0 | -€1,708 | -100.0% |
| Accrued charges and deferred income | 492/3 | €496 | €2,262 | +€1,766 | +355.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,473 | €328 | -€2,145 | -86.8% |
| Other operating charges | 640/8 | - | €97 | +€97 | |
| Gross operating margin | 9900 | €68,444 | €90,628 | +€22,185 | +32.4% |
| Operating profit (loss) | 9901 | €65,971 | €90,204 | +€24,233 | +36.7% |
| Financial income | 75/76B | €30 | €337 | +€307 | +1018.7% |
| Recurring financial income | 75 | €30 | €337 | +€307 | +1018.7% |
| Financial charges | 65/66B | €161 | €907 | +€746 | +463.0% |
| Recurring financial charges | 65 | €161 | €907 | +€746 | +463.0% |
| Profit (loss) for the period before taxes | 9903 | €65,840 | €89,633 | +€23,793 | +36.1% |
| Income taxes | 67/77 | €13,650 | €18,357 | +€4,707 | +34.5% |
| Profit (loss) for the period | 9904 | €52,190 | €71,277 | +€19,086 | +36.6% |
| Profit (loss) for the period to be appropriated | 9905 | €52,190 | €71,277 | +€19,086 | +36.6% |
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.