PALMIR: 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.
PALMIR
Largest movements
- Receivables within one year -€197
no longer reported in 2024 (was €197)
- Cash -€13
down €13 (-76.0%), from €17 to €4
mainly Debts after one year (-€159,021)
- Debts after one year -€159,021
down €159,021 (-97.8%), from €162,645 to €3,623
- Profit (loss) carried forward +€156,564
up €156,564 (+18.1%), from -€864,684 to -€708,121
- Trade debts +€2,248
up €2,248 (+99.7%), from €2,254 to €4,501
- Turnover +€162,645
new in 2024: €162,645
- Gross operating margin +€157,561
new in 2024: €157,561
- Services and other goods -€6,383
no longer reported in 2024 (was €6,383)
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 | €214 | €4 | -€210 | -98.1% |
| Current assets | 29/58 | €214 | €4 | -€210 | -98.1% |
| Amounts receivable within one year | 40/41 | €197 | - | -€197 | |
| Trade receivables | 40 | €197 | - | -€197 | |
| Cash at bank and in hand | 54/58 | €17 | €4 | -€13 | -76.0% |
| Total equity and liabilities | 10/49 | €214 | €4 | -€210 | -98.1% |
| Equity | 10/15 | -€164,684 | -€8,121 | +€156,564 | +95.1% |
| Contributions | 10/11 | €700,000 | €700,000 | = | 0.0% |
| Capital | 10 | €700,000 | €700,000 | = | 0.0% |
| Issued capital | 100 | €700,000 | €700,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€864,684 | -€708,121 | +€156,564 | +18.1% |
| Amounts payable | 17/49 | €164,898 | €8,125 | -€156,774 | -95.1% |
| Amounts payable after more than one year | 17 | €162,645 | €3,623 | -€159,021 | -97.8% |
| Financial debts | 170/4 | €162,645 | €3,623 | -€159,021 | -97.8% |
| Other loans | 174 | €162,645 | - | -€162,645 | |
| Amounts payable within one year | 42/48 | €2,254 | €4,501 | +€2,248 | +99.7% |
| Trade debts | 44 | €2,254 | €4,501 | +€2,248 | +99.7% |
| Suppliers | 440/4 | €2,254 | €4,501 | +€2,248 | +99.7% |
| Turnover | 70 | - | €162,645 | +€162,645 | |
| Operating charges | 60/66A | €6,877 | - | -€6,877 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €5,084 | +€5,084 | |
| Services and other goods | 61 | €6,383 | - | -€6,383 | |
| Other operating charges | 640/8 | €493 | €505 | +€12 | +2.4% |
| Gross operating margin | 9900 | - | €157,561 | +€157,561 | |
| Operating profit (loss) | 9901 | -€6,877 | €157,056 | +€163,932 | |
| Financial charges | 65/66B | €599 | €492 | -€107 | -17.9% |
| Recurring financial charges | 65 | €599 | €492 | -€107 | -17.9% |
| Other financial charges | 652/9 | €599 | - | -€599 | |
| Profit (loss) for the period before taxes | 9903 | -€7,476 | €156,564 | +€164,039 | |
| Profit (loss) for the period | 9904 | -€7,476 | €156,564 | +€164,039 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,476 | €156,564 | +€164,039 |
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 18 October 2026 via checked.be.