PALMENHOF: 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.
PALMENHOF
Largest movements
- Deferred charges and accrued income -€2,879
down €2,879 (-67.7%), from €4,255 to €1,376
- Stocks and contracts -€1,812
down €1,812 (-83.0%), from €2,182 to €370
- Cash -€915
down €915 (-10.1%), from €9,036 to €8,121
mainly Net result for the year (-€7,574) and Other debts (-€1,296)
- Profit (loss) carried forward -€7,574
down €7,574 (-8.9%), from -€84,940 to -€92,514
- Accrued charges and deferred income +€2,270
up €2,270 (+668.0%), from €340 to €2,610
- Other debts -€1,296
down €1,296 (-1.7%), from €75,920 to €74,624
- Tax, wage and social debts +€622
up €622 (+32.3%), from €1,927 to €2,549
- Trade debts +€408
up €408 (+8.2%), from €4,991 to €5,399
- Gross operating margin -€3,874
down €3,874 (-184.1%), from -€2,104 to -€5,977
- Financial charges -€795
down €795 (-82.6%), from €962 to €167
- Other operating charges -€219
down €219 (-13.0%), from €1,690 to €1,471
- Depreciation -€118
down €118 (-100.0%), from €118 to €0
- Financial income -€85
down €85 (-67.3%), from €127 to €41
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 | €15,688 | €10,118 | -€5,570 | -35.5% |
| Fixed assets | 21/28 | €210 | €210 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Financial fixed assets | 28 | €210 | €210 | = | 0.0% |
| Current assets | 29/58 | €15,478 | €9,908 | -€5,570 | -36.0% |
| Stocks and contracts in progress | 3 | €2,182 | €370 | -€1,812 | -83.0% |
| Stocks | 30/36 | €2,182 | €370 | -€1,812 | -83.0% |
| Amounts receivable within one year | 40/41 | €5 | €41 | +€36 | +739.8% |
| Other amounts receivable | 41 | €5 | €41 | +€36 | +739.8% |
| Cash at bank and in hand | 54/58 | €9,036 | €8,121 | -€915 | -10.1% |
| Deferred charges and accrued income | 490/1 | €4,255 | €1,376 | -€2,879 | -67.7% |
| Total equity and liabilities | 10/49 | €15,688 | €10,118 | -€5,570 | -35.5% |
| Equity | 10/15 | -€67,490 | -€75,064 | -€7,574 | -11.2% |
| Contributions | 10/11 | €17,450 | €17,450 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€84,940 | -€92,514 | -€7,574 | -8.9% |
| Amounts payable | 17/49 | €83,178 | €85,182 | +€2,004 | +2.4% |
| Amounts payable within one year | 42/48 | €82,838 | €82,572 | -€266 | -0.3% |
| Trade debts | 44 | €4,991 | €5,399 | +€408 | +8.2% |
| Suppliers | 440/4 | €4,991 | €5,399 | +€408 | +8.2% |
| Taxes, remuneration and social security | 45 | €1,927 | €2,549 | +€622 | +32.3% |
| Taxes | 450/3 | €1,927 | €2,549 | +€622 | +32.3% |
| Other amounts payable | 47/48 | €75,920 | €74,624 | -€1,296 | -1.7% |
| Accrued charges and deferred income | 492/3 | €340 | €2,610 | +€2,270 | +668.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €118 | €0 | -€118 | -100.0% |
| Other operating charges | 640/8 | €1,690 | €1,471 | -€219 | -13.0% |
| Gross operating margin | 9900 | -€2,104 | -€5,977 | -€3,874 | -184.1% |
| Operating profit (loss) | 9901 | -€3,911 | -€7,448 | -€3,537 | -90.5% |
| Financial income | 75/76B | €127 | €41 | -€85 | -67.3% |
| Recurring financial income | 75 | €127 | €41 | -€85 | -67.3% |
| Financial charges | 65/66B | €962 | €167 | -€795 | -82.6% |
| Recurring financial charges | 65 | €962 | €167 | -€795 | -82.6% |
| Profit (loss) for the period before taxes | 9903 | -€4,746 | -€7,574 | -€2,828 | -59.6% |
| Profit (loss) for the period | 9904 | -€4,746 | -€7,574 | -€2,828 | -59.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,746 | -€7,574 | -€2,828 | -59.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.