PALMANS CONSULTING: 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 CONSULTING
Largest movements
- Current investments +€3.1m
up €3.1m (+122%), from €2.5m to €5.6m
- Receivables within one year -€2.1m
down €2.1m (-28.5%), from €7.5m to €5.4m
of which Other amounts receivable: -€2.2m
- Financial fixed assets +€845,797
up €845,797 (+32.8%), from €2.6m to €3.4m
- Cash -€288,646
down €288,646 (-63.5%), from €454,825 to €166,179
mainly Current investments (-€3.1m) and Contributions, distributions and other (-€1.0m)
- Debts after one year +€1.7m
up €1.7m (+137%), from €1.3m to €3.0m
of which Other amounts payable: +€1.8m
- Other debts -€590,342
down €590,342 (-36.8%), from €1.6m to €1.0m
- Financial income -€2.8m
down €2.8m (-77.3%), from €3.6m to €812,493
of which Non-recurring financial income: -€2.8m
- Financial charges -€146,986
down €146,986 (-90.0%), from €163,316 to €16,329
- Taxes +€45,034
up €45,034 (+32.2%), from €140,018 to €185,052
- Gross operating margin +€34,993
up €34,993 (+5.5%), from €634,406 to €669,399
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 | €21,810,275 | €23,085,759 | +€1.3m | +5.8% |
| Fixed assets | 21/28 | €10,921,632 | €11,653,742 | +€732,110 | +6.7% |
| Tangible fixed assets | 22/27 | €8,340,442 | €8,226,754 | -€113,688 | -1.4% |
| Land and buildings | 22 | €8,008,604 | €8,006,544 | -€2,060 | 0.0% |
| Plant, machinery and equipment | 23 | €28,971 | €20,669 | -€8,302 | -28.7% |
| Furniture and vehicles | 24 | €302,867 | €199,540 | -€103,327 | -34.1% |
| Financial fixed assets | 28 | €2,581,190 | €3,426,987 | +€845,797 | +32.8% |
| Current assets | 29/58 | €10,888,643 | €11,432,018 | +€543,375 | +5.0% |
| Amounts receivable after more than one year | 29 | €365,173 | €253,581 | -€111,591 | -30.6% |
| Trade receivables | 290 | €365,173 | €253,581 | -€111,591 | -30.6% |
| Amounts receivable within one year | 40/41 | €7,541,273 | €5,392,399 | -€2.1m | -28.5% |
| Trade receivables | 40 | €158,788 | €173,054 | +€14,266 | +9.0% |
| Other amounts receivable | 41 | €7,382,485 | €5,219,345 | -€2.2m | -29.3% |
| Current investments | 50/53 | €2,526,741 | €5,615,282 | +€3.1m | +122% |
| Cash at bank and in hand | 54/58 | €454,825 | €166,179 | -€288,646 | -63.5% |
| Deferred charges and accrued income | 490/1 | €631 | €4,577 | +€3,946 | +626% |
| Total equity and liabilities | 10/49 | €21,810,275 | €23,085,759 | +€1.3m | +5.8% |
| Equity | 10/15 | €18,875,024 | €18,896,904 | +€21,880 | +0.1% |
| Contributions | 10/11 | €3,970,245 | €3,970,245 | = | 0.0% |
| Reserves | 13 | €14,904,779 | €14,926,659 | +€21,880 | +0.1% |
| Distributable reserves | 133 | €14,904,779 | €14,926,659 | +€21,880 | +0.1% |
| Amounts payable | 17/49 | €2,935,251 | €4,188,856 | +€1.3m | +42.7% |
| Amounts payable after more than one year | 17 | €1,256,751 | €2,973,346 | +€1.7m | +137% |
| Financial debts | 170/4 | €146,751 | €73,773 | -€72,977 | -49.7% |
| Other amounts payable | 178/9 | €1,110,000 | €2,899,573 | +€1.8m | +161% |
| Amounts payable within one year | 42/48 | €1,678,501 | €1,214,271 | -€464,230 | -27.7% |
| Current portion of amounts payable after more than one year | 42 | €72,384 | €72,977 | +€594 | +0.8% |
| Trade debts | 44 | €1,693 | €85,339 | +€83,646 | +4,940% |
| Suppliers | 440/4 | €1,693 | €85,339 | +€83,646 | +4,940% |
| Taxes, remuneration and social security | 45 | - | €41,873 | +€41,873 | |
| Taxes | 450/3 | - | €41,873 | +€41,873 | |
| Other amounts payable | 47/48 | €1,604,424 | €1,014,081 | -€590,342 | -36.8% |
| Accrued charges and deferred income | 492/3 | - | €1,239 | +€1,239 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €186,066 | €189,077 | +€3,011 | +1.6% |
| Other operating charges | 640/8 | €69,156 | €69,555 | +€399 | +0.6% |
| Gross operating margin | 9900 | €634,406 | €669,399 | +€34,993 | +5.5% |
| Operating profit (loss) | 9901 | €379,185 | €410,768 | +€31,583 | +8.3% |
| Financial income | 75/76B | €3,574,565 | €812,493 | -€2.8m | -77.3% |
| Recurring financial income | 75 | €743,895 | €812,493 | +€68,599 | +9.2% |
| Non-recurring financial income | 76B | €2,830,670 | - | -€2.8m | |
| Financial charges | 65/66B | €163,316 | €16,329 | -€146,986 | -90.0% |
| Recurring financial charges | 65 | €163,316 | €16,329 | -€146,986 | -90.0% |
| Profit (loss) for the period before taxes | 9903 | €3,790,434 | €1,206,932 | -€2.6m | -68.2% |
| Income taxes | 67/77 | €140,018 | €185,052 | +€45,034 | +32.2% |
| Profit (loss) for the period | 9904 | €3,650,416 | €1,021,880 | -€2.6m | -72.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,650,416 | €1,021,880 | -€2.6m | -72.0% |
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 18 October 2026 via checked.be.