PALLIETER: 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.
PALLIETER
Largest movements
- Tangible fixed assets +€2.4m
up €2.4m (+110%), from €2.1m to €4.5m
of which Land and buildings: +€2.2m
- Cash +€417,624
up €417,624 (+34.9%), from €1.2m to €1.6m
mainly Debts after one year (+€2.0m) and Net result for the year (+€474,038)
- Receivables within one year -€209,539
down €209,539 (-66.3%), from €316,195 to €106,656
of which Trade receivables: -€205,455
- Debts after one year +€2.0m
up €2.0m (+121%), from €1.6m to €3.6m
- Reserves +€474,038
up €474,038 (+70.1%), from €676,577 to €1.2m
of which Distributable reserves: +€474,038
- Trade debts +€181,019
up €181,019 (+397%), from €45,641 to €226,660
- Gross operating margin +€410,108
up €410,108 (+14.2%), from €2.9m to €3.3m
- Staff costs +€80,594
up €80,594 (+3.4%), from €2.4m to €2.5m
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,661,197 | €6,230,137 | +€2.6m | +70.2% |
| Fixed assets | 21/28 | €2,149,421 | €4,510,276 | +€2.4m | +110% |
| Tangible fixed assets | 22/27 | €2,149,421 | €4,510,276 | +€2.4m | +110% |
| Land and buildings | 22 | €2,091,971 | €4,307,936 | +€2.2m | +106% |
| Plant, machinery and equipment | 23 | €46,138 | €85,526 | +€39,388 | +85.4% |
| Furniture and vehicles | 24 | €11,312 | €116,815 | +€105,503 | +933% |
| Current assets | 29/58 | €1,511,776 | €1,719,861 | +€208,084 | +13.8% |
| Amounts receivable within one year | 40/41 | €316,195 | €106,656 | -€209,539 | -66.3% |
| Trade receivables | 40 | €286,314 | €80,859 | -€205,455 | -71.8% |
| Other amounts receivable | 41 | €29,881 | €25,796 | -€4,085 | -13.7% |
| Cash at bank and in hand | 54/58 | €1,195,581 | €1,613,205 | +€417,624 | +34.9% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €3,661,197 | €6,230,137 | +€2.6m | +70.2% |
| Equity | 10/15 | €1,230,774 | €1,704,813 | +€474,038 | +38.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €575,779 | €575,779 | = | 0.0% |
| Reserves | 13 | €676,577 | €1,150,615 | +€474,038 | +70.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €676,577 | €1,150,615 | +€474,038 | +70.1% |
| Profit (loss) carried forward | 14 | -€40,182 | -€40,182 | = | 0.0% |
| Amounts payable | 17/49 | €2,430,423 | €4,525,324 | +€2.1m | +86.2% |
| Amounts payable after more than one year | 17 | €1,618,295 | €3,571,850 | +€2.0m | +121% |
| Financial debts | 170/4 | €1,618,295 | €3,571,850 | +€2.0m | +121% |
| Amounts payable within one year | 42/48 | €692,875 | €878,432 | +€185,558 | +26.8% |
| Current portion of amounts payable after more than one year | 42 | €168,348 | €169,046 | +€697 | +0.4% |
| Trade debts | 44 | €45,641 | €226,660 | +€181,019 | +397% |
| Suppliers | 440/4 | €45,641 | €226,660 | +€181,019 | +397% |
| Taxes, remuneration and social security | 45 | €478,886 | €482,727 | +€3,841 | +0.8% |
| Taxes | 450/3 | €46,350 | €61,204 | +€14,854 | +32.0% |
| Remuneration and social security | 454/9 | €432,536 | €421,523 | -€11,013 | -2.5% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €119,254 | €75,042 | -€44,212 | -37.1% |
| Remuneration, social security and pensions | 62 | €2,372,201 | €2,452,794 | +€80,594 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €208,841 | €241,532 | +€32,691 | +15.7% |
| Other operating charges | 640/8 | €1,808 | €3,253 | +€1,445 | +79.9% |
| Gross operating margin | 9900 | €2,878,805 | €3,288,913 | +€410,108 | +14.2% |
| Operating profit (loss) | 9901 | €295,956 | €591,335 | +€295,379 | +99.8% |
| Financial income | 75/76B | €114 | €22,224 | +€22,110 | +19,366% |
| Recurring financial income | 75 | €114 | €22,224 | +€22,110 | +19,366% |
| Financial charges | 65/66B | €82,963 | €77,817 | -€5,147 | -6.2% |
| Recurring financial charges | 65 | €82,963 | €77,817 | -€5,147 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | €213,107 | €535,743 | +€322,636 | +151% |
| Income taxes | 67/77 | €38,859 | €61,704 | +€22,845 | +58.8% |
| Profit (loss) for the period | 9904 | €174,247 | €474,038 | +€299,791 | +172% |
| Profit (loss) for the period to be appropriated | 9905 | €174,247 | €474,038 | +€299,791 | +172% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.