PALM HENRI: 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.
PALM HENRI
Largest movements
- Tangible fixed assets +€28,007
up €28,007 (+7.4%), from €380,000 to €408,007
of which Land and buildings: +€28,007
- Cash -€15,940
down €15,940 (-80.4%), from €19,824 to €3,885
mainly Investment in fixed assets (net) (-€47,456) and Net result for the year (-€8,808)
- Other debts +€16,803
up €16,803 (+40.7%), from €41,277 to €58,080
- Revaluation surpluses -€11,820
down €11,820 (-3.3%), from €354,354 to €342,534
- Reserves +€11,820
up €11,820 (+238%), from €4,958 to €16,778
of which Distributable reserves: +€11,820
- Profit (loss) carried forward -€8,808
down €8,808 (-17.3%), from -€50,843 to -€59,652
- Gross operating margin +€52,093
up €52,093, from -€36,604 to €15,489
- Write-downs +€44,410
up €44,410, from -€44,410 to €0
- Depreciation +€16,835
up €16,835 (+644%), from €2,614 to €19,449
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 | €402,972 | €412,306 | +€9,334 | +2.3% |
| Fixed assets | 21/28 | €380,000 | €408,007 | +€28,007 | +7.4% |
| Tangible fixed assets | 22/27 | €380,000 | €408,007 | +€28,007 | +7.4% |
| Land and buildings | 22 | €380,000 | €408,007 | +€28,007 | +7.4% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €22,972 | €4,299 | -€18,673 | -81.3% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €1,468 | €415 | -€1,053 | -71.7% |
| Trade receivables | 40 | €0 | €415 | +€415 | |
| Other amounts receivable | 41 | €1,468 | €0 | -€1,468 | -100% |
| Cash at bank and in hand | 54/58 | €19,824 | €3,885 | -€15,940 | -80.4% |
| Deferred charges and accrued income | 490/1 | €1,680 | €0 | -€1,680 | -100% |
| Total equity and liabilities | 10/49 | €402,972 | €412,306 | +€9,334 | +2.3% |
| Equity | 10/15 | €358,047 | €349,239 | -€8,808 | -2.5% |
| Contributions | 10/11 | €49,579 | €49,579 | = | 0.0% |
| Revaluation surpluses | 12 | €354,354 | €342,534 | -€11,820 | -3.3% |
| Reserves | 13 | €4,958 | €16,778 | +€11,820 | +238% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €4,958 | €16,778 | +€11,820 | +238% |
| Profit (loss) carried forward | 14 | -€50,843 | -€59,652 | -€8,808 | -17.3% |
| Amounts payable | 17/49 | €44,925 | €63,067 | +€18,143 | +40.4% |
| Amounts payable after more than one year | 17 | - | €2,300 | +€2,300 | |
| Other amounts payable | 178/9 | - | €2,300 | +€2,300 | |
| Amounts payable within one year | 42/48 | €44,693 | €60,767 | +€16,074 | +36.0% |
| Trade debts | 44 | €3,338 | €1,855 | -€1,483 | -44.4% |
| Suppliers | 440/4 | €3,338 | €1,855 | -€1,483 | -44.4% |
| Taxes, remuneration and social security | 45 | €78 | €832 | +€754 | +972% |
| Taxes | 450/3 | €78 | €832 | +€754 | +972% |
| Other amounts payable | 47/48 | €41,277 | €58,080 | +€16,803 | +40.7% |
| Accrued charges and deferred income | 492/3 | €231 | €0 | -€231 | -100% |
| Non-recurring operating income | 76A | €33,078 | €0 | -€33,078 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,614 | €19,449 | +€16,835 | +644% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€44,410 | €0 | +€44,410 | |
| Other operating charges | 640/8 | €5,045 | €4,818 | -€226 | -4.5% |
| Gross operating margin | 9900 | -€36,604 | €15,489 | +€52,093 | |
| Operating profit (loss) | 9901 | €148 | -€8,778 | -€8,926 | |
| Financial income | 75/76B | €2 | €0 | -€2 | -100% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -100% |
| Financial charges | 65/66B | €38 | €30 | -€8 | -20.7% |
| Recurring financial charges | 65 | €38 | €30 | -€8 | -20.7% |
| Profit (loss) for the period before taxes | 9903 | €111 | -€8,808 | -€8,920 | |
| Income taxes | 67/77 | €78 | €0 | -€78 | -100% |
| Profit (loss) for the period | 9904 | €34 | -€8,808 | -€8,842 | |
| Profit (loss) for the period to be appropriated | 9905 | €34 | -€8,808 | -€8,842 |
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 29 October 2026 via checked.be.