PALLEN CONSTRUCT: 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.
PALLEN CONSTRUCT
Largest movements
- Receivables within one year +€1.0m
up €1.0m (+1,473%), from €67,978 to €1.1m
of which Trade receivables: +€974,796
- Receivables after one year +€458,972
up €458,972 (+724%), from €63,386 to €522,358
- Stocks and contracts +€314,835
up €314,835 (+824%), from €38,208 to €353,044
- Cash -€107,946
down €107,946 (-93.1%), from €115,907 to €7,961
mainly Receivables within one year (-€1.0m) and Receivables after one year (-€458,972)
- Debts after one year +€1.7m
up €1.7m (+31,824%), from €5,413 to €1.7m
- Reserves -€135,871
down €135,871 (-64.0%), from €212,353 to €76,481
- Trade debts +€86,282
up €86,282 (+4,470%), from €1,930 to €88,213
- Gross operating margin -€346,629
down €346,629, from €290,677 to -€55,952
- Taxes -€70,784
no longer reported in 2025 (was €70,784)
- Financial charges +€51,774
up €51,774 (+17,216%), from €301 to €52,075
- Staff costs +€27,816
new in 2025: €27,816
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 | €295,480 | €1,973,602 | +€1.7m | +568% |
| Fixed assets | 21/28 | €10,000 | €20,500 | +€10,500 | +105% |
| Financial fixed assets | 28 | €10,000 | €20,500 | +€10,500 | +105% |
| Current assets | 29/58 | €285,480 | €1,953,102 | +€1.7m | +584% |
| Amounts receivable after more than one year | 29 | €63,386 | €522,358 | +€458,972 | +724% |
| Other amounts receivable | 291 | €63,386 | €522,358 | +€458,972 | +724% |
| Stocks and contracts in progress | 3 | €38,208 | €353,044 | +€314,835 | +824% |
| Stocks | 30/36 | €38,208 | €353,044 | +€314,835 | +824% |
| Amounts receivable within one year | 40/41 | €67,978 | €1,069,473 | +€1.0m | +1,473% |
| Trade receivables | 40 | €46,762 | €1,021,557 | +€974,796 | +2,085% |
| Other amounts receivable | 41 | €21,217 | €47,915 | +€26,699 | +126% |
| Cash at bank and in hand | 54/58 | €115,907 | €7,961 | -€107,946 | -93.1% |
| Deferred charges and accrued income | 490/1 | - | €265 | +€265 | |
| Total equity and liabilities | 10/49 | €295,480 | €1,973,602 | +€1.7m | +568% |
| Equity | 10/15 | €217,353 | €81,481 | -€135,871 | -62.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €212,353 | €76,481 | -€135,871 | -64.0% |
| Distributable reserves | 133 | €212,353 | €76,481 | -€135,871 | -64.0% |
| Amounts payable | 17/49 | €78,127 | €1,892,120 | +€1.8m | +2,322% |
| Amounts payable after more than one year | 17 | €5,413 | €1,727,909 | +€1.7m | +31,824% |
| Other amounts payable | 178/9 | €5,413 | €1,727,909 | +€1.7m | +31,824% |
| Amounts payable within one year | 42/48 | €72,715 | €164,212 | +€91,497 | +126% |
| Trade debts | 44 | €1,930 | €88,213 | +€86,282 | +4,470% |
| Suppliers | 440/4 | €1,930 | €88,213 | +€86,282 | +4,470% |
| Taxes, remuneration and social security | 45 | €70,784 | €75,999 | +€5,215 | +7.4% |
| Taxes | 450/3 | €70,784 | €71,461 | +€677 | +1.0% |
| Remuneration and social security | 454/9 | - | €4,538 | +€4,538 | |
| Remuneration, social security and pensions | 62 | - | €27,816 | +€27,816 | |
| Other operating charges | 640/8 | €126 | €128 | +€2 | +1.6% |
| Gross operating margin | 9900 | €290,677 | -€55,952 | -€346,629 | |
| Operating profit (loss) | 9901 | €290,551 | -€83,895 | -€374,447 | |
| Financial income | 75/76B | €108 | €99 | -€9 | -8.4% |
| Recurring financial income | 75 | €108 | €99 | -€9 | -8.4% |
| Financial charges | 65/66B | €301 | €52,075 | +€51,774 | +17,216% |
| Recurring financial charges | 65 | €301 | €52,075 | +€51,774 | +17,216% |
| Profit (loss) for the period before taxes | 9903 | €290,359 | -€135,871 | -€426,230 | |
| Income taxes | 67/77 | €70,784 | - | -€70,784 | |
| Profit (loss) for the period | 9904 | €219,574 | -€135,871 | -€355,446 | |
| Profit (loss) for the period to be appropriated | 9905 | €219,574 | -€135,871 | -€355,446 |
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 13 October 2026 via checked.be.