PALMAS: 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.
PALMAS
Largest movements
- Tangible fixed assets -€444,489
no longer reported in 2025 (was €444,489)
- Receivables within one year +€82,701
up €82,701 (+248.3%), from €33,302 to €116,003
of which Other amounts receivable: +€94,094
- Other debts -€268,306
no longer reported in 2025 (was €268,306)
- Debts after one year -€248,730
no longer reported in 2025 (was €248,730)
- Profit (loss) carried forward +€93,556
no longer reported in 2025 (was -€93,556)
- Reserves +€65,939
new in 2025: €65,939
- Tax, wage and social debts +€39,966
up €39,966 (+606.7%), from €6,588 to €46,554
of which Taxes: +€44,662
- Gross operating margin +€165,701
up €165,701 (+204.7%), from €80,932 to €246,632
- Depreciation -€48,220
no longer reported in 2025 (was €48,220)
- Taxes +€46,554
new in 2025: €46,554
- Other operating charges +€40,996
up €40,996 (+4880.5%), from €840 to €41,836
- Staff costs -€31,429
down €31,429 (-95.1%), from €33,053 to €1,623
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 | €479,634 | €116,115 | -€363,518 | -75.8% |
| Fixed assets | 21/28 | €444,852 | - | -€444,852 | |
| Tangible fixed assets | 22/27 | €444,489 | - | -€444,489 | |
| Land and buildings | 22 | €219,439 | - | -€219,439 | |
| Plant, machinery and equipment | 23 | €216,478 | - | -€216,478 | |
| Furniture and vehicles | 24 | €8,572 | - | -€8,572 | |
| Financial fixed assets | 28 | €363 | - | -€363 | |
| Current assets | 29/58 | €34,782 | €116,115 | +€81,334 | +233.8% |
| Stocks and contracts in progress | 3 | €500 | - | -€500 | |
| Stocks | 30/36 | €500 | - | -€500 | |
| Amounts receivable within one year | 40/41 | €33,302 | €116,003 | +€82,701 | +248.3% |
| Trade receivables | 40 | €33,302 | €21,908 | -€11,394 | -34.2% |
| Other amounts receivable | 41 | - | €94,094 | +€94,094 | |
| Cash at bank and in hand | 54/58 | €980 | €113 | -€867 | -88.5% |
| Total equity and liabilities | 10/49 | €479,634 | €116,115 | -€363,518 | -75.8% |
| Equity | 10/15 | -€93,556 | €65,939 | +€159,495 | |
| Reserves | 13 | - | €65,939 | +€65,939 | |
| Distributable reserves | 133 | - | €65,939 | +€65,939 | |
| Profit (loss) carried forward | 14 | -€93,556 | - | +€93,556 | |
| Amounts payable | 17/49 | €573,190 | €50,176 | -€523,013 | -91.2% |
| Amounts payable after more than one year | 17 | €248,730 | - | -€248,730 | |
| Financial debts | 170/4 | €248,730 | - | -€248,730 | |
| Amounts payable within one year | 42/48 | €324,460 | €50,176 | -€274,283 | -84.5% |
| Current portion of amounts payable after more than one year | 42 | €25,614 | - | -€25,614 | |
| Trade debts | 44 | €23,952 | €3,623 | -€20,329 | -84.9% |
| Suppliers | 440/4 | €23,952 | €3,623 | -€20,329 | -84.9% |
| Taxes, remuneration and social security | 45 | €6,588 | €46,554 | +€39,966 | +606.7% |
| Taxes | 450/3 | €1,892 | €46,554 | +€44,662 | +2360.9% |
| Remuneration and social security | 454/9 | €4,696 | - | -€4,696 | |
| Other amounts payable | 47/48 | €268,306 | - | -€268,306 | |
| Remuneration, social security and pensions | 62 | €33,053 | €1,623 | -€31,429 | -95.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,220 | - | -€48,220 | |
| Other operating charges | 640/8 | €840 | €41,836 | +€40,996 | +4880.5% |
| Gross operating margin | 9900 | €80,932 | €246,632 | +€165,701 | +204.7% |
| Operating profit (loss) | 9901 | -€1,181 | €203,172 | +€204,353 | |
| Financial income | 75/76B | - | €3,217 | +€3,217 | |
| Recurring financial income | 75 | - | €3,217 | +€3,217 | |
| Financial charges | 65/66B | €8,346 | €340 | -€8,006 | -95.9% |
| Recurring financial charges | 65 | €8,346 | €340 | -€8,006 | -95.9% |
| Profit (loss) for the period before taxes | 9903 | -€9,527 | €206,049 | +€215,577 | |
| Income taxes | 67/77 | - | €46,554 | +€46,554 | |
| Profit (loss) for the period | 9904 | -€9,527 | €159,495 | +€169,023 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,527 | €159,495 | +€169,023 |
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 1 October 2026 via checked.be.