Palmares Projects: what changed
Two fiscal 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.
Palmares Projects
Largest movements
- Stocks and contracts -€348,431
no longer reported in 2025 (was €348,431)
- Cash -€19,690
no longer reported in 2025 (was €19,690)
mainly Debts after one year (-€288,501) and Net result for the year (-€92,433)
- Receivables within one year +€5,540
up €5,540 (+4944.3%), from €112 to €5,652
- Debts after one year -€288,501
down €288,501 (-73.0%), from €395,030 to €106,529
of which Financial debts: -€279,000
- Profit (loss) carried forward -€92,433
down €92,433 (-251.6%), from -€36,743 to -€129,176
- Trade debts +€22,356
up €22,356 (+760.5%), from €2,940 to €25,296
- Tax, wage and social debts -€4,005
down €4,005 (-66.7%), from €6,007 to €2,002
- Gross operating margin -€68,816
down €68,816 (-2007.0%), from -€3,429 to -€72,245
- Financial charges +€7,202
up €7,202 (+62.5%), from €11,528 to €18,730
- Other operating charges +€918
up €918 (+170.1%), from €540 to €1,458
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.
Cash bridge derived
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 | €368,233 | €5,652 | -€362,581 | -98.5% |
| Current assets | 29/58 | €368,233 | €5,652 | -€362,581 | -98.5% |
| Stocks and contracts in progress | 3 | €348,431 | - | -€348,431 | |
| Stocks | 30/36 | €348,431 | - | -€348,431 | |
| Amounts receivable within one year | 40/41 | €112 | €5,652 | +€5,540 | +4944.3% |
| Other amounts receivable | 41 | €112 | €5,652 | +€5,540 | +4944.3% |
| Cash at bank and in hand | 54/58 | €19,690 | - | -€19,690 | |
| Total equity and liabilities | 10/49 | €368,233 | €5,652 | -€362,581 | -98.5% |
| Equity | 10/15 | -€35,743 | -€128,176 | -€92,433 | -258.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,743 | -€129,176 | -€92,433 | -251.6% |
| Amounts payable | 17/49 | €403,976 | €133,828 | -€270,148 | -66.9% |
| Amounts payable after more than one year | 17 | €395,030 | €106,529 | -€288,501 | -73.0% |
| Financial debts | 170/4 | €279,000 | - | -€279,000 | |
| Other amounts payable | 178/9 | €116,030 | €106,529 | -€9,501 | -8.2% |
| Amounts payable within one year | 42/48 | €8,946 | €27,299 | +€18,353 | +205.2% |
| Financial debts | 43 | - | €2 | +€2 | |
| Credit institutions | 430/8 | - | €2 | +€2 | |
| Trade debts | 44 | €2,940 | €25,296 | +€22,356 | +760.5% |
| Suppliers | 440/4 | €2,940 | €25,296 | +€22,356 | +760.5% |
| Taxes, remuneration and social security | 45 | €6,007 | €2,002 | -€4,005 | -66.7% |
| Taxes | 450/3 | €6,007 | €2,002 | -€4,005 | -66.7% |
| Other operating charges | 640/8 | €540 | €1,458 | +€918 | +170.1% |
| Gross operating margin | 9900 | -€3,429 | -€72,245 | -€68,816 | -2007.0% |
| Operating profit (loss) | 9901 | -€3,968 | -€73,703 | -€69,735 | -1757.2% |
| Financial charges | 65/66B | €11,528 | €18,730 | +€7,202 | +62.5% |
| Recurring financial charges | 65 | €11,528 | €18,730 | +€7,202 | +62.5% |
| Profit (loss) for the period before taxes | 9903 | -€15,497 | -€92,433 | -€76,936 | -496.5% |
| Profit (loss) for the period | 9904 | -€15,497 | -€92,433 | -€76,936 | -496.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,497 | -€92,433 | -€76,936 | -496.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.