PALMANS & 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.
PALMANS & CO
Largest movements
- Current assets +€49,546
up €49,546 (+22.8%), from €217,521 to €267,068
- Tangible fixed assets +€25,212
up €25,212 (+112%), from €22,460 to €47,672
- Debts +€67,274
up €67,274 (+46.3%), from €145,246 to €212,520
- Reserves +€7,484
up €7,484 (+8.3%), from €89,735 to €97,219
- Gross operating margin -€33,145
down €33,145 (-46.2%), from €71,705 to €38,561
- Depreciation +€8,346
up €8,346 (+89.1%), from €9,364 to €17,709
- Taxes -€6,215
down €6,215 (-63.2%), from €9,840 to €3,626
From the 2010 result to the 2011 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2010 | 2011 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €239,981 | €314,739 | +€74,758 | +31.2% |
| Fixed assets | 21/28 | €22,460 | €47,672 | +€25,212 | +112% |
| Tangible fixed assets | 22/27 | €22,460 | €47,672 | +€25,212 | +112% |
| Current assets | 29/58 | €217,521 | €267,068 | +€49,546 | +22.8% |
| Amounts receivable within one year | 40/41 | €45,136 | €62,089 | +€16,953 | +37.6% |
| Cash at bank and in hand | 54/58 | €169,129 | €189,798 | +€20,669 | +12.2% |
| Total equity and liabilities | 10/49 | €239,981 | €314,739 | +€74,758 | +31.2% |
| Equity | 10/15 | €94,735 | €102,219 | +€7,484 | +7.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €89,735 | €97,219 | +€7,484 | +8.3% |
| Amounts payable | 17/49 | €145,246 | €212,520 | +€67,274 | +46.3% |
| Amounts payable after more than one year | 17 | - | €11,374 | +€11,374 | |
| Amounts payable within one year | 42/48 | €145,082 | €163,362 | +€18,280 | +12.6% |
| Trade debts | 44 | €5,907 | €13,222 | +€7,316 | +124% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,364 | €17,709 | +€8,346 | +89.1% |
| Gross operating margin | 9900 | €71,705 | €38,561 | -€33,145 | -46.2% |
| Operating profit (loss) | 9901 | €42,283 | €18,334 | -€23,949 | -56.6% |
| Recurring financial income | 75 | €1,443 | €1,698 | +€255 | +17.7% |
| Recurring financial charges | 65 | €9,318 | €8,921 | -€396 | -4.3% |
| Profit (loss) for the period before taxes | 9903 | €34,408 | €11,110 | -€23,298 | -67.7% |
| Income taxes | 67/77 | €9,840 | €3,626 | -€6,215 | -63.2% |
| Profit (loss) for the period | 9904 | €24,568 | €7,484 | -€17,083 | -69.5% |
| Profit (loss) for the period to be appropriated | 9905 | €24,568 | €7,484 | -€17,083 | -69.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2010 and 31 December 2011. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.