pALmed: 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.
pALmed
Largest movements
- Current investments +€100,000
up €100,000 (+100.0%), from €100,000 to €200,000
- Cash -€67,440
down €67,440 (-50.1%), from €134,586 to €67,146
mainly Current investments (-€100,000) and Contributions, distributions and other (-€36,500)
- Reserves +€23,000
up €23,000 (+12.5%), from €183,962 to €206,962
of which Distributable reserves: +€23,000
- Other debts +€4,378
up €4,378 (+12.5%), from €34,976 to €39,354
- Taxes -€1,411
down €1,411 (-13.0%), from €10,881 to €9,470
- Depreciation +€1,082
up €1,082 (+64.1%), from €1,686 to €2,768
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.
Cash bridge derived
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 | €247,716 | €278,379 | +€30,663 | +12.4% |
| Fixed assets | 21/28 | €7,398 | €4,630 | -€2,768 | -37.4% |
| Tangible fixed assets | 22/27 | €7,398 | €4,630 | -€2,768 | -37.4% |
| Furniture and vehicles | 24 | €7,398 | €4,630 | -€2,768 | -37.4% |
| Current assets | 29/58 | €240,318 | €273,749 | +€33,431 | +13.9% |
| Amounts receivable within one year | 40/41 | €4,325 | €4,955 | +€630 | +14.6% |
| Other amounts receivable | 41 | €4,325 | €4,955 | +€630 | +14.6% |
| Current investments | 50/53 | €100,000 | €200,000 | +€100,000 | +100.0% |
| Cash at bank and in hand | 54/58 | €134,586 | €67,146 | -€67,440 | -50.1% |
| Deferred charges and accrued income | 490/1 | €1,407 | €1,649 | +€241 | +17.1% |
| Total equity and liabilities | 10/49 | €247,716 | €278,379 | +€30,663 | +12.4% |
| Equity | 10/15 | €208,781 | €232,292 | +€23,511 | +11.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €183,962 | €206,962 | +€23,000 | +12.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €182,102 | €205,102 | +€23,000 | +12.6% |
| Profit (loss) carried forward | 14 | €6,220 | €6,731 | +€511 | +8.2% |
| Amounts payable | 17/49 | €38,935 | €46,087 | +€7,153 | +18.4% |
| Amounts payable within one year | 42/48 | €38,935 | €46,087 | +€7,153 | +18.4% |
| Trade debts | 44 | €2,621 | €5,395 | +€2,774 | +105.9% |
| Suppliers | 440/4 | €2,621 | €5,395 | +€2,774 | +105.9% |
| Taxes, remuneration and social security | 45 | €1,338 | €1,338 | = | 0.0% |
| Remuneration and social security | 454/9 | €1,338 | €1,338 | = | 0.0% |
| Other amounts payable | 47/48 | €34,976 | €39,354 | +€4,378 | +12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,686 | €2,768 | +€1,082 | +64.1% |
| Other operating charges | 640/8 | €700 | €1,064 | +€364 | +52.1% |
| Gross operating margin | 9900 | €72,466 | €73,023 | +€557 | +0.8% |
| Operating profit (loss) | 9901 | €70,080 | €69,191 | -€889 | -1.3% |
| Financial income | 75/76B | €665 | €333 | -€332 | -49.9% |
| Recurring financial income | 75 | €665 | €333 | -€332 | -49.9% |
| Financial charges | 65/66B | €78 | €44 | -€34 | -44.1% |
| Recurring financial charges | 65 | €78 | €44 | -€34 | -44.1% |
| Profit (loss) for the period before taxes | 9903 | €70,667 | €69,481 | -€1,186 | -1.7% |
| Income taxes | 67/77 | €10,881 | €9,470 | -€1,411 | -13.0% |
| Profit (loss) for the period | 9904 | €59,786 | €60,011 | +€225 | +0.4% |
| Profit (loss) for the period to be appropriated | 9905 | €59,786 | €60,011 | +€225 | +0.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.