PALMERS J.: 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.
PALMERS J.
Largest movements
- Tangible fixed assets -€21,571
down €21,571 (-26.0%), from €83,093 to €61,522
of which Leasing and similar rights: -€20,210
- Cash +€3,346
up €3,346 (+17.4%), from €19,191 to €22,537
mainly Depreciation (+€22,816) and Trade debts (+€5,284)
- Profit (loss) carried forward -€15,264
down €15,264 (-32.6%), from -€46,861 to -€62,125
- Debts after one year -€11,061
down €11,061 (-24.4%), from €45,412 to €34,351
of which Financial debts: -€13,376
- Trade debts +€5,284
new in 2024: €5,284
- Other debts +€2,943
up €2,943 (+176%), from €1,676 to €4,619
- Turnover +€34,442
up €34,442 (+114%), from €30,193 to €64,635
- Gross operating margin +€30,178
up €30,178, from -€23,416 to €6,762
- Purchases and services +€4,264
up €4,264 (+8.0%), from €53,609 to €57,873
- Financial income +€3,600
new in 2024: €3,600
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 | €105,313 | €87,555 | -€17,758 | -16.9% |
| Fixed assets | 21/28 | €83,431 | €61,860 | -€21,571 | -25.9% |
| Tangible fixed assets | 22/27 | €83,093 | €61,522 | -€21,571 | -26.0% |
| Plant, machinery and equipment | 23 | €15,498 | €12,431 | -€3,067 | -19.8% |
| Furniture and vehicles | 24 | - | €1,706 | +€1,706 | |
| Leasing and similar rights | 25 | €67,595 | €47,385 | -€20,210 | -29.9% |
| Financial fixed assets | 28 | €338 | €338 | = | 0.0% |
| Current assets | 29/58 | €21,882 | €25,695 | +€3,813 | +17.4% |
| Amounts receivable within one year | 40/41 | €2,691 | €3,158 | +€467 | +17.4% |
| Other amounts receivable | 41 | €2,691 | €3,158 | +€467 | +17.4% |
| Cash at bank and in hand | 54/58 | €19,191 | €22,537 | +€3,346 | +17.4% |
| Total equity and liabilities | 10/49 | €105,313 | €87,555 | -€17,758 | -16.9% |
| Equity | 10/15 | €44,904 | €29,640 | -€15,264 | -34.0% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €71,305 | €71,305 | = | 0.0% |
| Tax-exempt reserves | 132 | €71,305 | €71,305 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,861 | -€62,125 | -€15,264 | -32.6% |
| Amounts payable | 17/49 | €60,409 | €57,915 | -€2,494 | -4.1% |
| Amounts payable after more than one year | 17 | €45,412 | €34,351 | -€11,061 | -24.4% |
| Financial debts | 170/4 | €45,412 | €32,036 | -€13,376 | -29.5% |
| Advances received on contracts in progress | 176 | - | €2,315 | +€2,315 | |
| Amounts payable within one year | 42/48 | €14,997 | €23,564 | +€8,567 | +57.1% |
| Current portion of amounts payable after more than one year | 42 | €13,172 | €13,376 | +€204 | +1.5% |
| Trade debts | 44 | - | €5,284 | +€5,284 | |
| Suppliers | 440/4 | - | €5,284 | +€5,284 | |
| Taxes, remuneration and social security | 45 | €149 | €285 | +€136 | +91.3% |
| Taxes | 450/3 | €149 | €285 | +€136 | +91.3% |
| Other amounts payable | 47/48 | €1,676 | €4,619 | +€2,943 | +176% |
| Turnover | 70 | €30,193 | €64,635 | +€34,442 | +114% |
| Goods, raw materials, services and sundry goods | 60/61 | €53,609 | €57,873 | +€4,264 | +8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,287 | €22,816 | -€471 | -2.0% |
| Other operating charges | 640/8 | €1,339 | €1,694 | +€355 | +26.5% |
| Gross operating margin | 9900 | -€23,416 | €6,762 | +€30,178 | |
| Operating profit (loss) | 9901 | -€48,042 | -€17,748 | +€30,294 | +63.1% |
| Financial income | 75/76B | - | €3,600 | +€3,600 | |
| Recurring financial income | 75 | - | €3,600 | +€3,600 | |
| Financial charges | 65/66B | €1,385 | €1,116 | -€269 | -19.4% |
| Recurring financial charges | 65 | €1,385 | €1,116 | -€269 | -19.4% |
| Profit (loss) for the period before taxes | 9903 | -€49,427 | -€15,264 | +€34,163 | +69.1% |
| Profit (loss) for the period | 9904 | -€49,427 | -€15,264 | +€34,163 | +69.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€49,427 | -€15,264 | +€34,163 | +69.1% |
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 23 October 2026 via checked.be.