PalMeli: 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.
PalMeli
Largest movements
- Cash -€12,422
no longer reported in 2025 (was €12,422)
- Tangible fixed assets -€2,484
down €2,484 (-90.1%), from €2,756 to €272
of which Plant, machinery and equipment: -€1,672
- Deferred charges and accrued income -€976
no longer reported in 2025 (was €976)
- Receivables within one year -€417
down €417 (-65.2%), from €640 to €223
of which Other amounts receivable: -€277
- Profit (loss) carried forward -€9,106
down €9,106 (-485%), from -€1,876 to -€10,982
- Tax, wage and social debts -€6,780
down €6,780 (-96.4%), from €7,034 to €254
- Advances received -€5,000
no longer reported in 2025 (was €5,000)
- Other debts +€4,563
up €4,563 (+284%), from €1,609 to €6,172
- Gross operating margin -€14,913
down €14,913, from €13,681 to -€1,232
- Taxes -€5,783
down €5,783, from €4,749 to -€1,034
- Other operating charges -€240
down €240 (-37.9%), from €633 to €393
- Depreciation -€217
down €217 (-16.0%), from €1,358 to €1,141
From the 2023 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.
Derived cash bridge
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €21,794 | €5,495 | -€16,299 | -74.8% |
| Fixed assets | 21/28 | €7,756 | €5,272 | -€2,484 | -32.0% |
| Tangible fixed assets | 22/27 | €2,756 | €272 | -€2,484 | -90.1% |
| Plant, machinery and equipment | 23 | €1,944 | €272 | -€1,672 | -86.0% |
| Furniture and vehicles | 24 | €812 | - | -€812 | |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €14,038 | €223 | -€13,815 | -98.4% |
| Amounts receivable within one year | 40/41 | €640 | €223 | -€417 | -65.2% |
| Trade receivables | 40 | €140 | - | -€140 | |
| Other amounts receivable | 41 | €500 | €223 | -€277 | -55.4% |
| Cash at bank and in hand | 54/58 | €12,422 | - | -€12,422 | |
| Deferred charges and accrued income | 490/1 | €976 | - | -€976 | |
| Total equity and liabilities | 10/49 | €21,794 | €5,495 | -€16,299 | -74.8% |
| Equity | 10/15 | €8,124 | -€982 | -€9,106 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,876 | -€10,982 | -€9,106 | -485% |
| Amounts payable | 17/49 | €13,670 | €6,477 | -€7,193 | -52.6% |
| Amounts payable within one year | 42/48 | €13,670 | €6,477 | -€7,193 | -52.6% |
| Financial debts | 43 | - | €19 | +€19 | |
| Credit institutions | 430/8 | - | €19 | +€19 | |
| Trade debts | 44 | €27 | €32 | +€5 | +18.5% |
| Suppliers | 440/4 | €27 | €32 | +€5 | +18.5% |
| Advances received on contracts in progress | 46 | €5,000 | - | -€5,000 | |
| Taxes, remuneration and social security | 45 | €7,034 | €254 | -€6,780 | -96.4% |
| Taxes | 450/3 | €7,034 | €254 | -€6,780 | -96.4% |
| Other amounts payable | 47/48 | €1,609 | €6,172 | +€4,563 | +284% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,358 | €1,141 | -€217 | -16.0% |
| Other operating charges | 640/8 | €633 | €393 | -€240 | -37.9% |
| Gross operating margin | 9900 | €13,681 | -€1,232 | -€14,913 | |
| Operating profit (loss) | 9901 | €11,690 | -€2,766 | -€14,456 | |
| Financial charges | 65/66B | €198 | €128 | -€70 | -35.4% |
| Recurring financial charges | 65 | €198 | €128 | -€70 | -35.4% |
| Profit (loss) for the period before taxes | 9903 | €11,492 | -€2,894 | -€14,386 | |
| Income taxes | 67/77 | €4,749 | -€1,034 | -€5,783 | |
| Profit (loss) for the period | 9904 | €6,743 | -€1,860 | -€8,603 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,743 | -€1,860 | -€8,603 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.