Palladion: 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.
Palladion
Largest movements
- Receivables within one year +€394,561
up €394,561 (+197.3%), from €200,000 to €594,561
- Tangible fixed assets +€114,036
up €114,036 (+28.8%), from €395,449 to €509,485
of which Assets under construction and advance payments: +€318,545
- Other debts +€610,997
up €610,997 (+133.1%), from €459,055 to €1.1m
- Trade debts -€104,841
down €104,841 (-67.7%), from €154,876 to €50,035
- Gross operating margin -€143,378
down €143,378 (-90.9%), from €157,744 to €14,366
- Other operating charges -€78,781
down €78,781 (-91.1%), from €86,481 to €7,700
- Depreciation -€11,844
down €11,844 (-77.8%), from €15,228 to €3,384
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 | €692,722 | €1,201,313 | +€508,591 | +73.4% |
| Fixed assets | 21/28 | €395,449 | €509,485 | +€114,036 | +28.8% |
| Tangible fixed assets | 22/27 | €395,449 | €509,485 | +€114,036 | +28.8% |
| Land and buildings | 22 | €395,449 | €190,940 | -€204,509 | -51.7% |
| Assets under construction and advance payments | 27 | - | €318,545 | +€318,545 | |
| Current assets | 29/58 | €297,273 | €691,828 | +€394,555 | +132.7% |
| Stocks and contracts in progress | 3 | €97,232 | €97,232 | = | 0.0% |
| Stocks | 30/36 | €97,232 | €97,232 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €200,000 | €594,561 | +€394,561 | +197.3% |
| Other amounts receivable | 41 | €200,000 | €594,561 | +€394,561 | +197.3% |
| Cash at bank and in hand | 54/58 | €41 | €35 | -€6 | -15.5% |
| Total equity and liabilities | 10/49 | €692,722 | €1,201,313 | +€508,591 | +73.4% |
| Equity | 10/15 | €78,792 | €81,227 | +€2,435 | +3.1% |
| Contributions | 10/11 | €148,334 | €148,334 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€69,542 | -€67,107 | +€2,435 | +3.5% |
| Amounts payable | 17/49 | €613,931 | €1,120,086 | +€506,155 | +82.4% |
| Amounts payable within one year | 42/48 | €613,931 | €1,120,086 | +€506,155 | +82.4% |
| Trade debts | 44 | €154,876 | €50,035 | -€104,841 | -67.7% |
| Suppliers | 440/4 | €154,876 | €50,035 | -€104,841 | -67.7% |
| Other amounts payable | 47/48 | €459,055 | €1,070,051 | +€610,997 | +133.1% |
| Non-recurring operating income | 76A | - | €20,078 | +€20,078 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,228 | €3,384 | -€11,844 | -77.8% |
| Other operating charges | 640/8 | €86,481 | €7,700 | -€78,781 | -91.1% |
| Gross operating margin | 9900 | €157,744 | €14,366 | -€143,378 | -90.9% |
| Operating profit (loss) | 9901 | €56,035 | €3,282 | -€52,753 | -94.1% |
| Financial charges | 65/66B | €450 | €847 | +€397 | +88.1% |
| Recurring financial charges | 65 | €450 | €847 | +€397 | +88.1% |
| Profit (loss) for the period before taxes | 9903 | €55,585 | €2,435 | -€53,150 | -95.6% |
| Profit (loss) for the period | 9904 | €55,585 | €2,435 | -€53,150 | -95.6% |
| Profit (loss) for the period to be appropriated | 9905 | €55,585 | €2,435 | -€53,150 | -95.6% |
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 12 October 2026 via checked.be.