Palmans@dmin: 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@dmin
Largest movements
- Cash +€19,039
up €19,039 (+19.4%), from €98,184 to €117,223
mainly Net result for the year (+€52,097) and Other debts (+€17,000)
- Receivables within one year -€15,900
down €15,900 (-53.0%), from €29,983 to €14,083
of which Trade receivables: -€13,148
- Tangible fixed assets -€10,071
down €10,071 (-20.0%), from €50,333 to €40,262
of which Furniture and vehicles: -€9,371
- Profit (loss) carried forward -€27,903
down €27,903 (-26.3%), from €106,291 to €78,387
- Other debts +€17,000
up €17,000 (+33.3%), from €51,000 to €68,000
- Tax, wage and social debts +€3,377
up €3,377 (+18.8%), from €17,982 to €21,359
of which Taxes: +€3,377
- Gross operating margin +€8,168
up €8,168 (+11.5%), from €71,069 to €79,237
- Taxes +€1,144
up €1,144 (+9.5%), from €12,073 to €13,216
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 | €178,500 | €171,747 | -€6,753 | -3.8% |
| Fixed assets | 21/28 | €50,333 | €40,262 | -€10,071 | -20.0% |
| Tangible fixed assets | 22/27 | €50,333 | €40,262 | -€10,071 | -20.0% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €2,478 | €1,778 | -€700 | -28.3% |
| Furniture and vehicles | 24 | €47,855 | €38,484 | -€9,371 | -19.6% |
| Current assets | 29/58 | €128,168 | €131,486 | +€3,318 | +2.6% |
| Amounts receivable within one year | 40/41 | €29,983 | €14,083 | -€15,900 | -53.0% |
| Trade receivables | 40 | €27,105 | €13,957 | -€13,148 | -48.5% |
| Other amounts receivable | 41 | €2,878 | €126 | -€2,753 | -95.6% |
| Cash at bank and in hand | 54/58 | €98,184 | €117,223 | +€19,039 | +19.4% |
| Deferred charges and accrued income | 490/1 | - | €180 | +€180 | |
| Total equity and liabilities | 10/49 | €178,500 | €171,747 | -€6,753 | -3.8% |
| Equity | 10/15 | €108,791 | €80,887 | -€27,903 | -25.6% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €106,291 | €78,387 | -€27,903 | -26.3% |
| Amounts payable | 17/49 | €69,710 | €90,860 | +€21,150 | +30.3% |
| Amounts payable within one year | 42/48 | €69,710 | €90,860 | +€21,150 | +30.3% |
| Trade debts | 44 | €727 | €1,501 | +€773 | +106% |
| Suppliers | 440/4 | €727 | €1,501 | +€773 | +106% |
| Taxes, remuneration and social security | 45 | €17,982 | €21,359 | +€3,377 | +18.8% |
| Taxes | 450/3 | €15,732 | €19,109 | +€3,377 | +21.5% |
| Remuneration and social security | 454/9 | €2,250 | €2,250 | = | 0.0% |
| Other amounts payable | 47/48 | €51,000 | €68,000 | +€17,000 | +33.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,755 | €12,880 | +€126 | +1.0% |
| Other operating charges | 640/8 | €721 | €842 | +€121 | +16.8% |
| Gross operating margin | 9900 | €71,069 | €79,237 | +€8,168 | +11.5% |
| Operating profit (loss) | 9901 | €57,594 | €65,515 | +€7,922 | +13.8% |
| Financial charges | 65/66B | €161 | €202 | +€41 | +25.6% |
| Recurring financial charges | 65 | €161 | €202 | +€41 | +25.6% |
| Profit (loss) for the period before taxes | 9903 | €57,433 | €65,313 | +€7,880 | +13.7% |
| Income taxes | 67/77 | €12,073 | €13,216 | +€1,144 | +9.5% |
| Profit (loss) for the period | 9904 | €45,360 | €52,097 | +€6,737 | +14.9% |
| Profit (loss) for the period to be appropriated | 9905 | €45,360 | €52,097 | +€6,737 | +14.9% |
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 16 October 2026 via checked.be.