Pallix: 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.
Pallix
Largest movements
- Tangible fixed assets -€52,971
down €52,971 (-4.2%), from €1.3m to €1.2m
of which Land and buildings: -€52,855
- Cash -€43,881
down €43,881 (-74.2%), from €59,177 to €15,296
mainly Investment in fixed assets (net) (-€45,739) and Net result for the year (-€40,805)
- Profit (loss) carried forward -€40,805
down €40,805 (-5.8%), from -€700,099 to -€740,904
- Debts after one year -€36,840
down €36,840 (-9.4%), from €390,004 to €353,164
of which Financial debts: -€36,290
- Trade debts -€13,965
down €13,965 (-98.2%), from €14,227 to €262
- Gross operating margin -€79,559
down €79,559 (-47.8%), from €166,594 to €87,035
- Depreciation +€12,374
up €12,374 (+14.3%), from €86,336 to €98,710
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 | €1,311,933 | €1,215,149 | -€96,783 | -7.4% |
| Fixed assets | 21/28 | €1,252,742 | €1,199,771 | -€52,971 | -4.2% |
| Tangible fixed assets | 22/27 | €1,252,742 | €1,199,771 | -€52,971 | -4.2% |
| Land and buildings | 22 | €1,252,278 | €1,199,423 | -€52,855 | -4.2% |
| Plant, machinery and equipment | 23 | €464 | €348 | -€116 | -25.0% |
| Current assets | 29/58 | €59,191 | €15,378 | -€43,813 | -74.0% |
| Amounts receivable within one year | 40/41 | €14 | €82 | +€68 | +497% |
| Other amounts receivable | 41 | €14 | €82 | +€68 | +497% |
| Cash at bank and in hand | 54/58 | €59,177 | €15,296 | -€43,881 | -74.2% |
| Total equity and liabilities | 10/49 | €1,311,933 | €1,215,149 | -€96,783 | -7.4% |
| Equity | 10/15 | €818,133 | €777,328 | -€40,805 | -5.0% |
| Contributions | 10/11 | €520,000 | €520,000 | = | 0.0% |
| Capital | 10 | €520,000 | €520,000 | = | 0.0% |
| Issued capital | 100 | €520,000 | €520,000 | = | 0.0% |
| Revaluation surpluses | 12 | €998,232 | €998,232 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€700,099 | -€740,904 | -€40,805 | -5.8% |
| Amounts payable | 17/49 | €493,800 | €437,821 | -€55,979 | -11.3% |
| Amounts payable after more than one year | 17 | €390,004 | €353,164 | -€36,840 | -9.4% |
| Financial debts | 170/4 | €386,489 | €350,200 | -€36,290 | -9.4% |
| Other amounts payable | 178/9 | €3,515 | €2,965 | -€550 | -15.6% |
| Amounts payable within one year | 42/48 | €54,341 | €36,528 | -€17,812 | -32.8% |
| Current portion of amounts payable after more than one year | 42 | €34,815 | €30,290 | -€4,525 | -13.0% |
| Trade debts | 44 | €14,227 | €262 | -€13,965 | -98.2% |
| Suppliers | 440/4 | €14,227 | €262 | -€13,965 | -98.2% |
| Other amounts payable | 47/48 | €5,299 | €5,976 | +€677 | +12.8% |
| Accrued charges and deferred income | 492/3 | €49,455 | €48,129 | -€1,327 | -2.7% |
| Non-recurring operating income | 76A | €89,549 | - | -€89,549 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,336 | €98,710 | +€12,374 | +14.3% |
| Other operating charges | 640/8 | €23,398 | €23,012 | -€386 | -1.7% |
| Gross operating margin | 9900 | €166,594 | €87,035 | -€79,559 | -47.8% |
| Operating profit (loss) | 9901 | €56,860 | -€34,687 | -€91,547 | |
| Financial income | 75/76B | €46 | €274 | +€228 | +498% |
| Recurring financial income | 75 | €46 | €274 | +€228 | +498% |
| Financial charges | 65/66B | €5,184 | €6,391 | +€1,207 | +23.3% |
| Recurring financial charges | 65 | €5,184 | €6,391 | +€1,207 | +23.3% |
| Profit (loss) for the period before taxes | 9903 | €51,722 | -€40,805 | -€92,526 | |
| Profit (loss) for the period | 9904 | €51,722 | -€40,805 | -€92,526 | |
| Profit (loss) for the period to be appropriated | 9905 | €51,722 | -€40,805 | -€92,526 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.