PALME ROUGE: 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.
PALME ROUGE
Largest movements
- Tangible fixed assets +€583,166
up €583,166 (+4,013%), from €14,533 to €597,699
of which Land and buildings: +€587,820
- Cash -€246,763
no longer reported in 2024 (was €246,763)
mainly Investment in fixed assets (net) (-€606,000) and Current investments (-€192,869)
- Current investments +€192,869
new in 2024: €192,869
- Receivables after one year -€13,874
down €13,874 (-6.9%), from €200,807 to €186,934
- Receivables within one year +€12,108
up €12,108 (+7.7%), from €157,733 to €169,841
of which Other amounts receivable: +€13,334
- Debts after one year +€399,990
new in 2024: €399,990
- Profit (loss) carried forward +€98,392
up €98,392 (+31.9%), from €308,886 to €407,278
- Other debts +€40,570
up €40,570 (+26.9%), from €150,680 to €191,250
- Other operating charges +€64,283
up €64,283 (+207%), from €31,028 to €95,310
- Gross operating margin +€52,507
up €52,507 (+14.3%), from €366,604 to €419,111
- Financial charges +€32,694
up €32,694 (+295%), from €11,079 to €43,773
- Staff costs -€30,841
down €30,841 (-25.8%), from €119,462 to €88,621
- Depreciation +€18,180
up €18,180 (+391%), from €4,654 to €22,834
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €637,611 | €1,160,610 | +€522,999 | +82.0% |
| Fixed assets | 21/28 | €14,533 | €597,699 | +€583,166 | +4,013% |
| Tangible fixed assets | 22/27 | €14,533 | €597,699 | +€583,166 | +4,013% |
| Land and buildings | 22 | - | €587,820 | +€587,820 | |
| Plant, machinery and equipment | 23 | €3,927 | €3,129 | -€798 | -20.3% |
| Furniture and vehicles | 24 | €10,606 | €6,751 | -€3,855 | -36.4% |
| Current assets | 29/58 | €623,078 | €562,911 | -€60,167 | -9.7% |
| Amounts receivable after more than one year | 29 | €200,807 | €186,934 | -€13,874 | -6.9% |
| Trade receivables | 290 | €200,807 | €186,934 | -€13,874 | -6.9% |
| Stocks and contracts in progress | 3 | €17,775 | €6,673 | -€11,102 | -62.5% |
| Stocks | 30/36 | €17,775 | €6,673 | -€11,102 | -62.5% |
| Amounts receivable within one year | 40/41 | €157,733 | €169,841 | +€12,108 | +7.7% |
| Trade receivables | 40 | €147,577 | €146,351 | -€1,226 | -0.8% |
| Other amounts receivable | 41 | €10,156 | €23,490 | +€13,334 | +131% |
| Current investments | 50/53 | - | €192,869 | +€192,869 | |
| Cash at bank and in hand | 54/58 | €246,763 | - | -€246,763 | |
| Deferred charges and accrued income | 490/1 | - | €6,595 | +€6,595 | |
| Total equity and liabilities | 10/49 | €637,611 | €1,160,610 | +€522,999 | +82.0% |
| Equity | 10/15 | €312,086 | €410,478 | +€98,392 | +31.5% |
| Contributions | 10/11 | €3,200 | €3,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €308,886 | €407,278 | +€98,392 | +31.9% |
| Amounts payable | 17/49 | €325,525 | €750,132 | +€424,607 | +130% |
| Amounts payable after more than one year | 17 | - | €399,990 | +€399,990 | |
| Financial debts | 170/4 | - | €399,990 | +€399,990 | |
| Amounts payable within one year | 42/48 | €325,525 | €350,142 | +€24,617 | +7.6% |
| Trade debts | 44 | €93,935 | €83,054 | -€10,881 | -11.6% |
| Suppliers | 440/4 | €93,935 | €83,054 | -€10,881 | -11.6% |
| Advances received on contracts in progress | 46 | €1,523 | - | -€1,523 | |
| Taxes, remuneration and social security | 45 | €79,388 | €75,838 | -€3,550 | -4.5% |
| Taxes | 450/3 | €79,388 | €75,838 | -€3,550 | -4.5% |
| Other amounts payable | 47/48 | €150,680 | €191,250 | +€40,570 | +26.9% |
| Remuneration, social security and pensions | 62 | €119,462 | €88,621 | -€30,841 | -25.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,654 | €22,834 | +€18,180 | +391% |
| Other operating charges | 640/8 | €31,028 | €95,310 | +€64,283 | +207% |
| Gross operating margin | 9900 | €366,604 | €419,111 | +€52,507 | +14.3% |
| Operating profit (loss) | 9901 | €211,460 | €212,346 | +€886 | +0.4% |
| Financial income | 75/76B | €6,792 | €6,322 | -€471 | -6.9% |
| Recurring financial income | 75 | €6,792 | €6,322 | -€471 | -6.9% |
| Financial charges | 65/66B | €11,079 | €43,773 | +€32,694 | +295% |
| Recurring financial charges | 65 | €11,079 | €43,773 | +€32,694 | +295% |
| Profit (loss) for the period before taxes | 9903 | €207,174 | €174,895 | -€32,280 | -15.6% |
| Income taxes | 67/77 | €11,435 | €26,502 | +€15,067 | +132% |
| Profit (loss) for the period | 9904 | €195,739 | €148,392 | -€47,347 | -24.2% |
| Profit (loss) for the period to be appropriated | 9905 | €195,739 | €148,392 | -€47,347 | -24.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.