Palm Beach: what changed
Two fiscal 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.
Palm Beach
Largest movements
- Receivables within one year -€33,216
down €33,216 (-85.4%), from €38,906 to €5,690
of which Other amounts receivable: -€34,565
- Tangible fixed assets +€10,011
up €10,011 (+94.1%), from €10,642 to €20,653
of which Plant, machinery and equipment: +€8,855
- Cash +€6,260
up €6,260 (+15.5%), from €40,461 to €46,721
mainly Receivables within one year (+€33,216) and Tax, wage and social debts (+€9,200)
- Other debts -€33,647
down €33,647 (-68.3%), from €49,254 to €15,607
- Tax, wage and social debts +€9,200
up €9,200 (+64.7%), from €14,226 to €23,426
of which Taxes: +€4,989
- Reserves +€7,486
up €7,486 (+31.0%), from €24,146 to €31,633
- Trade debts +€4,428
up €4,428 (+201.6%), from €2,197 to €6,625
- Accrued charges and deferred income -€2,842
no longer reported in 2025 (was €2,842)
- Staff costs +€40,455
up €40,455 (+213.5%), from €18,948 to €59,403
- Gross operating margin -€4,827
down €4,827 (-5.3%), from €90,687 to €85,860
- Taxes -€4,406
down €4,406 (-47.9%), from €9,202 to €4,796
- Other operating charges +€2,962
up €2,962 (+108.1%), from €2,741 to €5,703
- Depreciation +€1,759
up €1,759 (+39.1%), from €4,496 to €6,255
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 | €95,666 | €80,291 | -€15,375 | -16.1% |
| Fixed assets | 21/28 | €10,642 | €20,653 | +€10,011 | +94.1% |
| Tangible fixed assets | 22/27 | €10,642 | €20,653 | +€10,011 | +94.1% |
| Plant, machinery and equipment | 23 | €4,626 | €13,480 | +€8,855 | +191.4% |
| Furniture and vehicles | 24 | €2,441 | €4,409 | +€1,968 | +80.6% |
| Other tangible fixed assets | 26 | €3,575 | €2,763 | -€812 | -22.7% |
| Current assets | 29/58 | €85,024 | €59,638 | -€25,386 | -29.9% |
| Stocks and contracts in progress | 3 | €5,328 | €6,059 | +€732 | +13.7% |
| Stocks | 30/36 | €5,328 | €6,059 | +€732 | +13.7% |
| Amounts receivable within one year | 40/41 | €38,906 | €5,690 | -€33,216 | -85.4% |
| Trade receivables | 40 | €79 | €1,429 | +€1,349 | +1701.5% |
| Other amounts receivable | 41 | €38,827 | €4,262 | -€34,565 | -89.0% |
| Cash at bank and in hand | 54/58 | €40,461 | €46,721 | +€6,260 | +15.5% |
| Deferred charges and accrued income | 490/1 | €329 | €1,168 | +€839 | +254.7% |
| Total equity and liabilities | 10/49 | €95,666 | €80,291 | -€15,375 | -16.1% |
| Equity | 10/15 | €27,146 | €34,633 | +€7,486 | +27.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €24,146 | €31,633 | +€7,486 | +31.0% |
| Distributable reserves | 133 | €24,146 | €31,633 | +€7,486 | +31.0% |
| Amounts payable | 17/49 | €68,520 | €45,658 | -€22,861 | -33.4% |
| Amounts payable within one year | 42/48 | €65,678 | €45,658 | -€20,019 | -30.5% |
| Trade debts | 44 | €2,197 | €6,625 | +€4,428 | +201.6% |
| Suppliers | 440/4 | €2,197 | €6,625 | +€4,428 | +201.6% |
| Taxes, remuneration and social security | 45 | €14,226 | €23,426 | +€9,200 | +64.7% |
| Taxes | 450/3 | €9,202 | €14,190 | +€4,989 | +54.2% |
| Remuneration and social security | 454/9 | €5,025 | €9,236 | +€4,211 | +83.8% |
| Other amounts payable | 47/48 | €49,254 | €15,607 | -€33,647 | -68.3% |
| Accrued charges and deferred income | 492/3 | €2,842 | - | -€2,842 | |
| Remuneration, social security and pensions | 62 | €18,948 | €59,403 | +€40,455 | +213.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,496 | €6,255 | +€1,759 | +39.1% |
| Other operating charges | 640/8 | €2,741 | €5,703 | +€2,962 | +108.1% |
| Non-recurring operating charges | 66A | €29,750 | - | -€29,750 | |
| Gross operating margin | 9900 | €90,687 | €85,860 | -€4,827 | -5.3% |
| Operating profit (loss) | 9901 | €34,753 | €14,499 | -€20,254 | -58.3% |
| Financial income | 75/76B | €0 | €0 | +€0 | +1000.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +1000.0% |
| Financial charges | 65/66B | €1,405 | €2,216 | +€812 | +57.8% |
| Recurring financial charges | 65 | €1,405 | €2,216 | +€812 | +57.8% |
| Profit (loss) for the period before taxes | 9903 | €33,348 | €12,282 | -€21,066 | -63.2% |
| Income taxes | 67/77 | €9,202 | €4,796 | -€4,406 | -47.9% |
| Profit (loss) for the period | 9904 | €24,146 | €7,486 | -€16,660 | -69.0% |
| Profit (loss) for the period to be appropriated | 9905 | €24,146 | €7,486 | -€16,660 | -69.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.