Palladium production: 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.
Palladium production
Largest movements
- Receivables within one year +€7,399
up €7,399 (+44.7%), from €16,540 to €23,939
of which Trade receivables: +€4,921
- Tangible fixed assets -€3,607
down €3,607 (-18.6%), from €19,344 to €15,737
of which Furniture and vehicles: -€5,000
- Profit (loss) carried forward -€20,493
down €20,493 (-45.3%), from €45,275 to €24,782
- Other debts +€16,500
up €16,500 (+295%), from €5,593 to €22,093
- Tax, wage and social debts +€7,842
up €7,842 (+323%), from €2,427 to €10,269
- Gross operating margin +€3,156
up €3,156 (+22.7%), from €13,895 to €17,051
- Taxes +€2,421
up €2,421 (+403%), from €601 to €3,022
- Financial charges -€350
down €350 (-50.5%), from €695 to €344
- Other operating charges -€183
no longer reported in 2025 (was €183)
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 | €85,955 | €90,011 | +€4,056 | +4.7% |
| Fixed assets | 21/28 | €19,383 | €15,776 | -€3,607 | -18.6% |
| Tangible fixed assets | 22/27 | €19,344 | €15,737 | -€3,607 | -18.6% |
| Plant, machinery and equipment | 23 | €594 | €1,987 | +€1,393 | +235% |
| Furniture and vehicles | 24 | €18,750 | €13,750 | -€5,000 | -26.7% |
| Financial fixed assets | 28 | €39 | €39 | = | 0.0% |
| Current assets | 29/58 | €66,572 | €74,235 | +€7,662 | +11.5% |
| Amounts receivable within one year | 40/41 | €16,540 | €23,939 | +€7,399 | +44.7% |
| Trade receivables | 40 | €16,540 | €21,461 | +€4,921 | +29.8% |
| Other amounts receivable | 41 | - | €2,478 | +€2,478 | |
| Cash at bank and in hand | 54/58 | €49,914 | €49,760 | -€153 | -0.3% |
| Deferred charges and accrued income | 490/1 | €119 | €535 | +€416 | +350% |
| Total equity and liabilities | 10/49 | €85,955 | €90,011 | +€4,056 | +4.7% |
| Equity | 10/15 | €63,875 | €43,382 | -€20,493 | -32.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,275 | €24,782 | -€20,493 | -45.3% |
| Amounts payable | 17/49 | €22,080 | €46,629 | +€24,548 | +111% |
| Amounts payable within one year | 42/48 | €20,837 | €46,226 | +€25,389 | +122% |
| Trade debts | 44 | €140 | €681 | +€540 | +385% |
| Suppliers | 440/4 | €140 | €681 | +€540 | +385% |
| Advances received on contracts in progress | 46 | €12,676 | €13,183 | +€507 | +4.0% |
| Taxes, remuneration and social security | 45 | €2,427 | €10,269 | +€7,842 | +323% |
| Taxes | 450/3 | €2,427 | €10,269 | +€7,842 | +323% |
| Other amounts payable | 47/48 | €5,593 | €22,093 | +€16,500 | +295% |
| Accrued charges and deferred income | 492/3 | €1,243 | €403 | -€841 | -67.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,678 | €5,607 | -€71 | -1.2% |
| Other operating charges | 640/8 | €183 | - | -€183 | |
| Gross operating margin | 9900 | €13,895 | €17,051 | +€3,156 | +22.7% |
| Operating profit (loss) | 9901 | €8,035 | €11,444 | +€3,409 | +42.4% |
| Financial income | 75/76B | €101 | €1 | -€100 | -99.2% |
| Recurring financial income | 75 | €101 | €1 | -€100 | -99.2% |
| Financial charges | 65/66B | €695 | €344 | -€350 | -50.5% |
| Recurring financial charges | 65 | €695 | €344 | -€350 | -50.5% |
| Profit (loss) for the period before taxes | 9903 | €7,441 | €11,100 | +€3,660 | +49.2% |
| Income taxes | 67/77 | €601 | €3,022 | +€2,421 | +403% |
| Profit (loss) for the period | 9904 | €6,840 | €8,078 | +€1,239 | +18.1% |
| Profit (loss) for the period to be appropriated | 9905 | €6,840 | €8,078 | +€1,239 | +18.1% |
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 23 October 2026 via checked.be.