PALL ARTELIS: 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.
PALL ARTELIS
Largest movements
- Receivables within one year +€808,354
up €808,354 (+4.7%), from €17.4m to €18.2m
- Profit (loss) carried forward -€5.3m
down €5.3m (-93.0%), from €5.7m to €396,740
- Other debts +€4.0m
up €4.0m (+80.0%), from €5.0m to €9.0m
- Trade debts +€1.6m
up €1.6m (+343%), from €480,447 to €2.1m
- Accrued charges and deferred income +€568,291
up €568,291 (+2,398%), from €23,700 to €591,991
- Other operating income -€2.8m
down €2.8m (-24.0%), from €11.7m to €8.9m
- Services and other goods +€615,037
up €615,037 (+19.9%), from €3.1m to €3.7m
- Staff costs +€547,771
up €547,771 (+50.7%), from €1.1m to €1.6m
- Financial income -€276,397
down €276,397 (-43.0%), from €642,922 to €366,525
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,377,123 | €18,185,477 | +€808,354 | +4.7% |
| Current assets | 29/58 | €17,377,123 | €18,185,477 | +€808,354 | +4.7% |
| Amounts receivable within one year | 40/41 | €17,377,123 | €18,185,477 | +€808,354 | +4.7% |
| Other amounts receivable | 41 | €17,377,123 | €18,185,477 | +€808,354 | +4.7% |
| Total equity and liabilities | 10/49 | €17,377,123 | €18,185,477 | +€808,354 | +4.7% |
| Equity | 10/15 | €11,576,193 | €6,296,756 | -€5.3m | -45.6% |
| Contributions | 10/11 | €5,900,016 | €5,900,016 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,676,177 | €396,740 | -€5.3m | -93.0% |
| Amounts payable | 17/49 | €5,800,929 | €11,888,721 | +€6.1m | +105% |
| Amounts payable within one year | 42/48 | €5,777,230 | €11,296,730 | +€5.5m | +95.5% |
| Trade debts | 44 | €480,447 | €2,129,583 | +€1.6m | +343% |
| Suppliers | 440/4 | €480,447 | €2,129,583 | +€1.6m | +343% |
| Taxes, remuneration and social security | 45 | €296,783 | €167,147 | -€129,636 | -43.7% |
| Taxes | 450/3 | - | €1,280 | +€1,280 | |
| Remuneration and social security | 454/9 | €296,783 | €165,867 | -€130,916 | -44.1% |
| Other amounts payable | 47/48 | €5,000,000 | €9,000,000 | +€4.0m | +80.0% |
| Accrued charges and deferred income | 492/3 | €23,700 | €591,991 | +€568,291 | +2,398% |
| Operating income | 70/76A | €11,694,000 | €8,892,000 | -€2.8m | -24.0% |
| Other operating income | 74 | €11,694,000 | €8,892,000 | -€2.8m | -24.0% |
| Operating charges | 60/66A | €4,173,553 | €5,336,361 | +€1.2m | +27.9% |
| Goods for resale, raw materials and consumables | 60 | - | €0 | +€0 | |
| Purchases | 600/8 | - | €0 | +€0 | |
| Services and other goods | 61 | €3,093,190 | €3,708,227 | +€615,037 | +19.9% |
| Remuneration, social security and pensions | 62 | €1,080,363 | €1,628,134 | +€547,771 | +50.7% |
| Operating profit (loss) | 9901 | €7,520,447 | €3,555,639 | -€4.0m | -52.7% |
| Financial income | 75/76B | €642,922 | €366,525 | -€276,397 | -43.0% |
| Recurring financial income | 75 | €642,922 | €366,525 | -€276,397 | -43.0% |
| Income from current assets | 751 | €642,922 | €366,525 | -€276,397 | -43.0% |
| Financial charges | 65/66B | €10,673 | €29,489 | +€18,816 | +176% |
| Recurring financial charges | 65 | €10,673 | €29,489 | +€18,816 | +176% |
| Other financial charges | 652/9 | €10,673 | €29,489 | +€18,816 | +176% |
| Profit (loss) for the period before taxes | 9903 | €8,152,696 | €3,892,675 | -€4.3m | -52.3% |
| Income taxes | 67/77 | €69,618 | €172,114 | +€102,496 | +147% |
| Taxes | 670/3 | €69,618 | €172,114 | +€102,496 | +147% |
| Profit (loss) for the period | 9904 | €8,083,078 | €3,720,562 | -€4.4m | -54.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,083,078 | €3,720,562 | -€4.4m | -54.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.