PALLADIUM PROJECTS: 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 PROJECTS
Largest movements
- Cash +€63,659
up €63,659 (+43.3%), from €147,164 to €210,823
mainly Net result for the year (+€49,596) and Depreciation (+€23,858)
- Tangible fixed assets -€23,858
down €23,858 (-27.9%), from €85,577 to €61,718
- Reserves +€49,596
up €49,596 (+51.0%), from €97,267 to €146,863
- Debts after one year -€16,000
down €16,000 (-36.4%), from €44,000 to €28,000
- Other debts +€5,262
up €5,262 (+9.5%), from €55,429 to €60,691
- Gross operating margin -€37,281
down €37,281 (-23.9%), from €155,669 to €118,388
- Taxes -€16,405
down €16,405 (-40.0%), from €40,982 to €24,577
- Staff costs +€13,409
new in 2025: €13,409
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 | €248,077 | €288,299 | +€40,222 | +16.2% |
| Fixed assets | 21/28 | €85,577 | €61,718 | -€23,858 | -27.9% |
| Tangible fixed assets | 22/27 | €85,577 | €61,718 | -€23,858 | -27.9% |
| Furniture and vehicles | 24 | €85,577 | €61,718 | -€23,858 | -27.9% |
| Current assets | 29/58 | €162,500 | €226,581 | +€64,081 | +39.4% |
| Amounts receivable within one year | 40/41 | €13,310 | €11,690 | -€1,620 | -12.2% |
| Trade receivables | 40 | €13,310 | €11,690 | -€1,620 | -12.2% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €147,164 | €210,823 | +€63,659 | +43.3% |
| Deferred charges and accrued income | 490/1 | €2,026 | €4,067 | +€2,041 | +100.8% |
| Total equity and liabilities | 10/49 | €248,077 | €288,299 | +€40,222 | +16.2% |
| Equity | 10/15 | €115,867 | €165,463 | +€49,596 | +42.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €97,267 | €146,863 | +€49,596 | +51.0% |
| Distributable reserves | 133 | €97,267 | €146,863 | +€49,596 | +51.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €132,210 | €122,836 | -€9,374 | -7.1% |
| Amounts payable after more than one year | 17 | €44,000 | €28,000 | -€16,000 | -36.4% |
| Financial debts | 170/4 | €44,000 | €28,000 | -€16,000 | -36.4% |
| Amounts payable within one year | 42/48 | €87,708 | €94,310 | +€6,603 | +7.5% |
| Current portion of amounts payable after more than one year | 42 | €16,000 | €16,000 | = | 0.0% |
| Trade debts | 44 | €664 | €182 | -€482 | -72.6% |
| Suppliers | 440/4 | €664 | €182 | -€482 | -72.6% |
| Taxes, remuneration and social security | 45 | €15,614 | €17,437 | +€1,823 | +11.7% |
| Taxes | 450/3 | €15,614 | €15,548 | -€67 | -0.4% |
| Remuneration and social security | 454/9 | - | €1,889 | +€1,889 | |
| Other amounts payable | 47/48 | €55,429 | €60,691 | +€5,262 | +9.5% |
| Accrued charges and deferred income | 492/3 | €502 | €526 | +€23 | +4.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | - | €13,409 | +€13,409 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,676 | €23,858 | +€183 | +0.8% |
| Other operating charges | 640/8 | €746 | €590 | -€157 | -21.0% |
| Gross operating margin | 9900 | €155,669 | €118,388 | -€37,281 | -23.9% |
| Operating profit (loss) | 9901 | €131,247 | €80,531 | -€50,716 | -38.6% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €5,093 | €6,358 | +€1,265 | +24.8% |
| Recurring financial charges | 65 | €5,093 | €6,358 | +€1,265 | +24.8% |
| Profit (loss) for the period before taxes | 9903 | €126,154 | €74,173 | -€51,981 | -41.2% |
| Income taxes | 67/77 | €40,982 | €24,577 | -€16,405 | -40.0% |
| Profit (loss) for the period | 9904 | €85,172 | €49,596 | -€35,576 | -41.8% |
| Profit (loss) for the period to be appropriated | 9905 | €85,172 | €49,596 | -€35,576 | -41.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.