PALM CONSULT & CO: 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.
What changed
PALM CONSULT & CO
NACE 70.200, Business and other management consultancy
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
-€898
2023 · €858-€1,756
Equity
€371,117
2023 · €372,015-€898
Cash
€5,976
2023 · €23,271-€17,296
Balance sheet total
€4.2m
2023 · €5.0m-€764,422
Largest movements
Assets
- Tangible fixed assets -€863,164
down €863,164 (-27.0%), from €3.2m to €2.3m
of which Land and buildings: -€862,763
- Deferred charges and accrued income +€157,700
up €157,700 (+369%), from €42,736 to €200,436
Equity and liabilities
- Debts after one year -€1.1m
down €1.1m (-25.0%), from €4.5m to €3.4m
- Trade debts +€171,073
new in 2024: €171,073
- Current portion of long-term debt +€152,805
new in 2024: €152,805
Income statement
- Gross operating margin -€63,895
down €63,895 (-35.0%), from €182,372 to €118,477
- Financial charges -€45,815
down €45,815 (-52.7%), from €86,988 to €41,174
- Depreciation -€27,233
down €27,233 (-32.4%), from €84,087 to €56,854
- Other operating charges +€16,939
up €16,939 (+385%), from €4,400 to €21,339
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.
Result 2023
€858
Gross operating margin
-€63,895
Depreciation
+€27,233
Other operating charges
-€16,939
Other operating items
+€6,042
Financial income
+€10
Financial charges
+€45,815
Taxes
-€22
Result 2024
-€898
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€158,570
Investment
+€806,310
Financing
-€982,175
Cash 2023
€23,271
From operations (derived)
+€158,570
Net result for the year
-€898
Depreciation
+€56,854
Receivables within one year
+€41,663
Deferred charges and accrued income
-€157,700
Trade debts
+€171,073
Tax, wage and social debts
+€2,033
Accrued charges and deferred income
+€45,545
Investment (derived)
+€806,310
Investment in fixed assets (net)
+€806,310
Financing
-€982,175
Debts after one year
-€1.1m
Current portion of long-term debt
+€152,805
Cash 2024
€5,976
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,965,663 | €4,201,240 | -€764,422 | -15.4% |
| Fixed assets | 21/28 | €4,821,135 | €3,957,971 | -€863,164 | -17.9% |
| Tangible fixed assets | 22/27 | €3,198,135 | €2,334,971 | -€863,164 | -27.0% |
| Land and buildings | 22 | €3,168,164 | €2,305,401 | -€862,763 | -27.2% |
| Plant, machinery and equipment | 23 | €8,237 | €10,570 | +€2,333 | +28.3% |
| Furniture and vehicles | 24 | €21,734 | €19,000 | -€2,734 | -12.6% |
| Financial fixed assets | 28 | €1,623,000 | €1,623,000 | = | 0.0% |
| Current assets | 29/58 | €144,527 | €243,269 | +€98,742 | +68.3% |
| Stocks and contracts in progress | 3 | €128 | €128 | = | 0.0% |
| Stocks | 30/36 | €128 | €128 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €78,393 | €36,730 | -€41,663 | -53.1% |
| Trade receivables | 40 | €41,137 | €12,372 | -€28,765 | -69.9% |
| Other amounts receivable | 41 | €37,256 | €24,358 | -€12,897 | -34.6% |
| Cash at bank and in hand | 54/58 | €23,271 | €5,976 | -€17,296 | -74.3% |
| Deferred charges and accrued income | 490/1 | €42,736 | €200,436 | +€157,700 | +369% |
| Total equity and liabilities | 10/49 | €4,965,663 | €4,201,240 | -€764,422 | -15.4% |
| Equity | 10/15 | €372,015 | €371,117 | -€898 | -0.2% |
| Contributions | 10/11 | €218,600 | €218,600 | = | 0.0% |
| Revaluation surpluses | 12 | €125,000 | €125,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,415 | €27,517 | -€898 | -3.2% |
| Amounts payable | 17/49 | €4,593,647 | €3,830,123 | -€763,524 | -16.6% |
| Amounts payable after more than one year | 17 | €4,531,883 | €3,396,902 | -€1.1m | -25.0% |
| Financial debts | 170/4 | €4,531,883 | €3,396,902 | -€1.1m | -25.0% |
| Amounts payable within one year | 42/48 | €7,741 | €333,652 | +€325,911 | +4,210% |
| Current portion of amounts payable after more than one year | 42 | - | €152,805 | +€152,805 | |
| Trade debts | 44 | - | €171,073 | +€171,073 | |
| Suppliers | 440/4 | - | €171,073 | +€171,073 | |
| Taxes, remuneration and social security | 45 | €6,498 | €8,531 | +€2,033 | +31.3% |
| Taxes | 450/3 | €6,498 | €8,531 | +€2,033 | +31.3% |
| Other amounts payable | 47/48 | €1,243 | €1,243 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €54,024 | €99,569 | +€45,545 | +84.3% |
| Non-recurring operating income | 76A | €30,431 | €31,368 | +€937 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,087 | €56,854 | -€27,233 | -32.4% |
| Other operating charges | 640/8 | €4,400 | €21,339 | +€16,939 | +385% |
| Non-recurring operating charges | 66A | €6,042 | - | -€6,042 | |
| Gross operating margin | 9900 | €182,372 | €118,477 | -€63,895 | -35.0% |
| Operating profit (loss) | 9901 | €87,843 | €40,284 | -€47,559 | -54.1% |
| Financial income | 75/76B | €3 | €13 | +€10 | +297% |
| Recurring financial income | 75 | €3 | €13 | +€10 | +297% |
| Financial charges | 65/66B | €86,988 | €41,174 | -€45,815 | -52.7% |
| Recurring financial charges | 65 | €86,988 | €41,174 | -€45,815 | -52.7% |
| Profit (loss) for the period before taxes | 9903 | €858 | -€876 | -€1,734 | |
| Income taxes | 67/77 | - | €22 | +€22 | |
| Profit (loss) for the period | 9904 | €858 | -€898 | -€1,756 | |
| Profit (loss) for the period to be appropriated | 9905 | €858 | -€898 | -€1,756 |
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 20 October 2026 via checked.be.