PALMA CONSTRUCTION: 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.
PALMA CONSTRUCTION
Largest movements
- Tangible fixed assets -€17,001
down €17,001 (-77.4%), from €21,959 to €4,958
- Cash +€15,629
up €15,629 (+319.7%), from €4,888 to €20,518
mainly Depreciation (+€17,001) and Net result for the year (+€9,378)
- Receivables within one year +€6,088
up €6,088 (+192.6%), from €3,161 to €9,249
of which Trade receivables: +€5,377
- Current investments -€4,738
down €4,738 (-11.7%), from €40,600 to €35,862
- Current portion of long-term debt -€12,401
down €12,401 (-90.0%), from €13,781 to €1,380
- Reserves +€5,000
up €5,000 (+15.1%), from €33,200 to €38,200
- Profit (loss) carried forward +€4,378
up €4,378, from -€4,074 to €304
- Trade debts +€3,718
up €3,718 (+408.1%), from €911 to €4,629
- Debts after one year -€1,380
no longer reported in 2026 (was €1,380)
- Gross operating margin +€30,327
up €30,327, from -€1,814 to €28,514
- Depreciation -€3,629
down €3,629 (-17.6%), from €20,630 to €17,001
- Taxes +€505
up €505 (+392.8%), from €129 to €634
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €70,736 | €70,586 | -€150 | -0.2% |
| Fixed assets | 21/28 | €21,959 | €4,958 | -€17,001 | -77.4% |
| Tangible fixed assets | 22/27 | €21,959 | €4,958 | -€17,001 | -77.4% |
| Furniture and vehicles | 24 | €21,959 | €4,958 | -€17,001 | -77.4% |
| Current assets | 29/58 | €48,777 | €65,628 | +€16,851 | +34.5% |
| Amounts receivable within one year | 40/41 | €3,161 | €9,249 | +€6,088 | +192.6% |
| Trade receivables | 40 | €1,598 | €6,975 | +€5,377 | +336.5% |
| Other amounts receivable | 41 | €1,563 | €2,273 | +€711 | +45.5% |
| Current investments | 50/53 | €40,600 | €35,862 | -€4,738 | -11.7% |
| Cash at bank and in hand | 54/58 | €4,888 | €20,518 | +€15,629 | +319.7% |
| Deferred charges and accrued income | 490/1 | €128 | - | -€128 | |
| Total equity and liabilities | 10/49 | €70,736 | €70,586 | -€150 | -0.2% |
| Equity | 10/15 | €49,586 | €58,964 | +€9,378 | +18.9% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €33,200 | €38,200 | +€5,000 | +15.1% |
| Distributable reserves | 133 | €33,200 | €38,200 | +€5,000 | +15.1% |
| Profit (loss) carried forward | 14 | -€4,074 | €304 | +€4,378 | |
| Amounts payable | 17/49 | €21,150 | €11,622 | -€9,528 | -45.0% |
| Amounts payable after more than one year | 17 | €1,380 | - | -€1,380 | |
| Financial debts | 170/4 | €1,380 | - | -€1,380 | |
| Amounts payable within one year | 42/48 | €19,771 | €11,622 | -€8,149 | -41.2% |
| Current portion of amounts payable after more than one year | 42 | €13,781 | €1,380 | -€12,401 | -90.0% |
| Trade debts | 44 | €911 | €4,629 | +€3,718 | +408.1% |
| Suppliers | 440/4 | €911 | €4,629 | +€3,718 | +408.1% |
| Taxes, remuneration and social security | 45 | €5,079 | €5,614 | +€535 | +10.5% |
| Taxes | 450/3 | €86 | €621 | +€535 | +621.7% |
| Remuneration and social security | 454/9 | €4,993 | €4,993 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,630 | €17,001 | -€3,629 | -17.6% |
| Other operating charges | 640/8 | €908 | €928 | +€20 | +2.2% |
| Gross operating margin | 9900 | -€1,814 | €28,514 | +€30,327 | |
| Operating profit (loss) | 9901 | -€23,352 | €10,584 | +€33,936 | |
| Financial income | 75/76B | €411 | €332 | -€79 | -19.2% |
| Recurring financial income | 75 | €411 | €332 | -€79 | -19.2% |
| Financial charges | 65/66B | €1,119 | €904 | -€216 | -19.3% |
| Recurring financial charges | 65 | €1,119 | €904 | -€216 | -19.3% |
| Profit (loss) for the period before taxes | 9903 | -€24,061 | €10,012 | +€34,073 | |
| Income taxes | 67/77 | €129 | €634 | +€505 | +392.8% |
| Profit (loss) for the period | 9904 | -€24,189 | €9,378 | +€33,568 | |
| Profit (loss) for the period to be appropriated | 9905 | -€24,189 | €9,378 | +€33,568 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.