PALLALCO: 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.
PALLALCO
Largest movements
- Current investments +€251,625
up €251,625 (+83.9%), from €300,008 to €551,633
- Cash -€80,071
down €80,071 (-83.2%), from €96,217 to €16,147
mainly Contributions, distributions and other (-€500,000) and Current investments (-€251,625)
- Other debts +€503,181
up €503,181 (+12,993%), from €3,873 to €507,054
- Profit (loss) carried forward -€328,715
down €328,715 (-73.8%), from €445,659 to €116,944
- Gross operating margin -€311,774
down €311,774 (-58.0%), from €537,556 to €225,782
- Taxes -€66,687
down €66,687 (-55.9%), from €119,276 to €52,590
- Financial charges -€40,911
down €40,911 (-99.3%), from €41,192 to €281
- Depreciation -€8,156
down €8,156 (-73.9%), from €11,044 to €2,888
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 | €477,035 | €649,493 | +€172,458 | +36.2% |
| Fixed assets | 21/28 | €4,241 | €5,719 | +€1,478 | +34.8% |
| Tangible fixed assets | 22/27 | €4,171 | €5,649 | +€1,478 | +35.4% |
| Furniture and vehicles | 24 | €1,907 | €4,086 | +€2,179 | +114% |
| Other tangible fixed assets | 26 | €2,264 | €1,563 | -€702 | -31.0% |
| Financial fixed assets | 28 | €70 | €70 | = | 0.0% |
| Current assets | 29/58 | €472,794 | €643,774 | +€170,980 | +36.2% |
| Amounts receivable within one year | 40/41 | €73,357 | €72,923 | -€434 | -0.6% |
| Trade receivables | 40 | €68,698 | €67,522 | -€1,176 | -1.7% |
| Other amounts receivable | 41 | €4,659 | €5,400 | +€742 | +15.9% |
| Current investments | 50/53 | €300,008 | €551,633 | +€251,625 | +83.9% |
| Cash at bank and in hand | 54/58 | €96,217 | €16,147 | -€80,071 | -83.2% |
| Deferred charges and accrued income | 490/1 | €3,212 | €3,072 | -€140 | -4.4% |
| Total equity and liabilities | 10/49 | €477,035 | €649,493 | +€172,458 | +36.2% |
| Equity | 10/15 | €466,119 | €137,404 | -€328,715 | -70.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €445,659 | €116,944 | -€328,715 | -73.8% |
| Amounts payable | 17/49 | €10,916 | €512,089 | +€501,173 | +4,591% |
| Amounts payable within one year | 42/48 | €10,916 | €512,089 | +€501,173 | +4,591% |
| Trade debts | 44 | €2,637 | €1,853 | -€784 | -29.7% |
| Suppliers | 440/4 | €2,637 | €1,853 | -€784 | -29.7% |
| Taxes, remuneration and social security | 45 | €4,406 | €3,182 | -€1,225 | -27.8% |
| Taxes | 450/3 | €1,250 | - | -€1,250 | |
| Remuneration and social security | 454/9 | €3,156 | €3,182 | +€25 | +0.8% |
| Other amounts payable | 47/48 | €3,873 | €507,054 | +€503,181 | +12,993% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,044 | €2,888 | -€8,156 | -73.9% |
| Other operating charges | 640/8 | €899 | €928 | +€30 | +3.3% |
| Gross operating margin | 9900 | €537,556 | €225,782 | -€311,774 | -58.0% |
| Operating profit (loss) | 9901 | €525,614 | €221,966 | -€303,648 | -57.8% |
| Financial income | 75/76B | €1,869 | €2,189 | +€321 | +17.2% |
| Recurring financial income | 75 | €1,869 | €2,189 | +€321 | +17.2% |
| Financial charges | 65/66B | €41,192 | €281 | -€40,911 | -99.3% |
| Recurring financial charges | 65 | €41,192 | €281 | -€40,911 | -99.3% |
| Profit (loss) for the period before taxes | 9903 | €486,290 | €223,875 | -€262,416 | -54.0% |
| Income taxes | 67/77 | €119,276 | €52,590 | -€66,687 | -55.9% |
| Profit (loss) for the period | 9904 | €367,014 | €171,285 | -€195,729 | -53.3% |
| Profit (loss) for the period to be appropriated | 9905 | €367,014 | €171,285 | -€195,729 | -53.3% |
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 20 October 2026 via checked.be.