PALMBOOM GARDEN: what changed
PALMBOOM GARDEN
Largest movements
- Receivables within one year +€200,758
up €200,758 (+16.2%), from €1.2m to €1.4m
of which Other amounts receivable: +€268,947
- Cash +€52,331
up €52,331 (+57.1%), from €91,726 to €144,057
mainly Net result for the year (+€221,308) and Tax, wage and social debts (+€98,775)
- Tangible fixed assets +€45,587
up €45,587 (+12,522%), from €364 to €45,951
of which Furniture and vehicles: +€45,951
- Deferred charges and accrued income +€18,646
up €18,646 (+35.5%), from €52,463 to €71,109
- Profit (loss) carried forward +€221,308
up €221,308 (+23.3%), from €948,566 to €1.2m
- Tax, wage and social debts +€98,775
up €98,775 (+24.8%), from €398,873 to €497,649
of which Remuneration and social security: +€64,453
- Gross operating margin +€169,737
up €169,737 (+14.5%), from €1.2m to €1.3m
- Other operating charges -€82,223
down €82,223 (-88.6%), from €92,755 to €10,532
- Taxes -€56,831
down €56,831 (-30.9%), from €183,650 to €126,819
- Financial income +€16,678
up €16,678 (+31.8%), from €52,463 to €69,141
- Financial charges -€14,315
down €14,315 (-52.7%), from €27,178 to €12,863
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,380,321 | €1,697,641 | +€317,321 | +23.0% |
| Fixed assets | 21/28 | €364 | €45,951 | +€45,587 | +12,522% |
| Tangible fixed assets | 22/27 | €364 | €45,951 | +€45,587 | +12,522% |
| Plant, machinery and equipment | 23 | €364 | - | -€364 | |
| Furniture and vehicles | 24 | - | €45,951 | +€45,951 | |
| Current assets | 29/58 | €1,379,956 | €1,651,690 | +€271,734 | +19.7% |
| Amounts receivable within one year | 40/41 | €1,235,767 | €1,436,525 | +€200,758 | +16.2% |
| Trade receivables | 40 | €90,716 | €22,527 | -€68,189 | -75.2% |
| Other amounts receivable | 41 | €1,145,051 | €1,413,998 | +€268,947 | +23.5% |
| Cash at bank and in hand | 54/58 | €91,726 | €144,057 | +€52,331 | +57.1% |
| Deferred charges and accrued income | 490/1 | €52,463 | €71,109 | +€18,646 | +35.5% |
| Total equity and liabilities | 10/49 | €1,380,321 | €1,697,641 | +€317,321 | +23.0% |
| Equity | 10/15 | €969,026 | €1,190,330 | +€221,305 | +22.8% |
| Contributions | 10/11 | €18,600 | €18,597 | -€3 | 0.0% |
| Capital | 10 | €18,600 | €18,597 | -€3 | 0.0% |
| Issued capital | 100 | €18,600 | €18,597 | -€3 | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €948,566 | €1,169,874 | +€221,308 | +23.3% |
| Amounts payable | 17/49 | €411,295 | €507,311 | +€96,016 | +23.3% |
| Amounts payable within one year | 42/48 | €411,295 | €507,311 | +€96,016 | +23.3% |
| Trade debts | 44 | €9,386 | €6,627 | -€2,759 | -29.4% |
| Suppliers | 440/4 | €9,386 | €6,627 | -€2,759 | -29.4% |
| Taxes, remuneration and social security | 45 | €398,873 | €497,649 | +€98,775 | +24.8% |
| Taxes | 450/3 | €352,427 | €386,750 | +€34,322 | +9.7% |
| Remuneration and social security | 454/9 | €46,446 | €110,899 | +€64,453 | +139% |
| Other amounts payable | 47/48 | €3,035 | €3,035 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €1,017,704 | €1,026,060 | +€8,356 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €364 | €10,776 | +€10,412 | +2,860% |
| Other operating charges | 640/8 | €92,755 | €10,532 | -€82,223 | -88.6% |
| Non-recurring operating charges | 66A | €227,071 | - | -€227,071 | |
| Gross operating margin | 9900 | €1,169,480 | €1,339,217 | +€169,737 | +14.5% |
| Operating profit (loss) | 9901 | -€168,414 | €291,849 | +€460,263 | |
| Financial income | 75/76B | €52,463 | €69,141 | +€16,678 | +31.8% |
| Recurring financial income | 75 | €52,463 | €69,141 | +€16,678 | +31.8% |
| Financial charges | 65/66B | €27,178 | €12,863 | -€14,315 | -52.7% |
| Recurring financial charges | 65 | €27,178 | €12,863 | -€14,315 | -52.7% |
| Profit (loss) for the period before taxes | 9903 | -€143,129 | €348,127 | +€491,256 | |
| Income taxes | 67/77 | €183,650 | €126,819 | -€56,831 | -30.9% |
| Profit (loss) for the period | 9904 | -€326,779 | €221,308 | +€548,087 | |
| Profit (loss) for the period to be appropriated | 9905 | -€326,779 | €221,308 | +€548,087 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.