PALLADINI: 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.
PALLADINI
Largest movements
- Tangible fixed assets +€35,396
up €35,396 (+34.9%), from €101,333 to €136,729
of which Assets under construction and advance payments: +€37,979
- Other debts +€50,858
up €50,858 (+59.2%), from €85,888 to €136,746
- Profit (loss) carried forward -€10,666
down €10,666 (-39.0%), from -€27,322 to -€37,987
- Debts after one year -€4,853
down €4,853 (-15.1%), from €32,202 to €27,349
- Gross operating margin -€959
down €959 (-18.8%), from -€5,110 to -€6,069
- Depreciation +€359
up €359 (+16.2%), from €2,223 to €2,582
- Other operating charges +€117
up €117 (+12.0%), from €977 to €1,095
- Financial income +€107
new in 2025: €107
- Financial charges +€85
up €85 (+9.1%), from €941 to €1,027
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
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 | €103,636 | €139,254 | +€35,618 | +34.4% |
| Fixed assets | 21/28 | €101,333 | €136,729 | +€35,396 | +34.9% |
| Tangible fixed assets | 22/27 | €101,333 | €136,729 | +€35,396 | +34.9% |
| Land and buildings | 22 | €55,990 | €54,642 | -€1,348 | -2.4% |
| Furniture and vehicles | 24 | €4,802 | €3,567 | -€1,235 | -25.7% |
| Assets under construction and advance payments | 27 | €40,542 | €78,520 | +€37,979 | +93.7% |
| Current assets | 29/58 | €2,303 | €2,525 | +€222 | +9.7% |
| Amounts receivable within one year | 40/41 | €1,151 | €1,836 | +€685 | +59.5% |
| Trade receivables | 40 | €18 | €138 | +€120 | +667% |
| Other amounts receivable | 41 | €1,133 | €1,698 | +€565 | +49.9% |
| Cash at bank and in hand | 54/58 | €1,151 | €688 | -€463 | -40.2% |
| Total equity and liabilities | 10/49 | €103,636 | €139,254 | +€35,618 | +34.4% |
| Equity | 10/15 | -€21,322 | -€31,987 | -€10,666 | -50.0% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,322 | -€37,987 | -€10,666 | -39.0% |
| Amounts payable | 17/49 | €124,957 | €171,242 | +€46,284 | +37.0% |
| Amounts payable after more than one year | 17 | €32,202 | €27,349 | -€4,853 | -15.1% |
| Financial debts | 170/4 | €32,202 | €27,349 | -€4,853 | -15.1% |
| Amounts payable within one year | 42/48 | €91,005 | €142,143 | +€51,138 | +56.2% |
| Current portion of amounts payable after more than one year | 42 | €4,745 | €4,853 | +€108 | +2.3% |
| Trade debts | 44 | €371 | €543 | +€172 | +46.2% |
| Suppliers | 440/4 | €371 | €543 | +€172 | +46.2% |
| Other amounts payable | 47/48 | €85,888 | €136,746 | +€50,858 | +59.2% |
| Accrued charges and deferred income | 492/3 | €1,750 | €1,750 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,223 | €2,582 | +€359 | +16.2% |
| Other operating charges | 640/8 | €977 | €1,095 | +€117 | +12.0% |
| Gross operating margin | 9900 | -€5,110 | -€6,069 | -€959 | -18.8% |
| Operating profit (loss) | 9901 | -€8,311 | -€9,746 | -€1,435 | -17.3% |
| Financial income | 75/76B | - | €107 | +€107 | |
| Recurring financial income | 75 | - | €107 | +€107 | |
| Financial charges | 65/66B | €941 | €1,027 | +€85 | +9.1% |
| Recurring financial charges | 65 | €941 | €1,027 | +€85 | +9.1% |
| Profit (loss) for the period before taxes | 9903 | -€9,252 | -€10,666 | -€1,414 | -15.3% |
| Profit (loss) for the period | 9904 | -€9,252 | -€10,666 | -€1,414 | -15.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,252 | -€10,666 | -€1,414 | -15.3% |
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 14 October 2026 via checked.be.