PALMO: 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.
PALMO
Largest movements
- Cash -€8,703
down €8,703 (-86.2%), from €10,101 to €1,398
mainly Net result for the year (-€11,880) and Investment in fixed assets (net) (-€2,415)
- Tangible fixed assets -€1,622
down €1,622 (-50.6%), from €3,202 to €1,580
of which Plant, machinery and equipment: -€3,028
- Profit (loss) carried forward -€11,880
down €11,880 (-15.4%), from -€77,247 to -€89,127
- Trade debts +€1,744
up €1,744 (+3460.9%), from €50 to €1,794
- Purchases and services -€6,951
down €6,951 (-24.5%), from €28,362 to €21,411
- Turnover -€5,787
down €5,787 (-28.6%), from €20,243 to €14,456
- Gross operating margin -€4,456
down €4,456 (-178.3%), from -€2,499 to -€6,955
- Depreciation -€2,712
down €2,712 (-40.2%), from €6,749 to €4,037
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 | €46,023 | €35,887 | -€10,136 | -22.0% |
| Fixed assets | 21/28 | €3,202 | €1,580 | -€1,622 | -50.6% |
| Tangible fixed assets | 22/27 | €3,202 | €1,580 | -€1,622 | -50.6% |
| Plant, machinery and equipment | 23 | €3,028 | - | -€3,028 | |
| Furniture and vehicles | 24 | €174 | €1,580 | +€1,406 | +809.8% |
| Current assets | 29/58 | €42,821 | €34,307 | -€8,514 | -19.9% |
| Amounts receivable within one year | 40/41 | €31,654 | €31,824 | +€170 | +0.5% |
| Trade receivables | 40 | €12,691 | €15,147 | +€2,456 | +19.4% |
| Other amounts receivable | 41 | €18,964 | €16,677 | -€2,287 | -12.1% |
| Cash at bank and in hand | 54/58 | €10,101 | €1,398 | -€8,703 | -86.2% |
| Deferred charges and accrued income | 490/1 | €1,066 | €1,085 | +€19 | +1.8% |
| Total equity and liabilities | 10/49 | €46,023 | €35,887 | -€10,136 | -22.0% |
| Equity | 10/15 | €45,973 | €34,093 | -€11,880 | -25.8% |
| Contributions | 10/11 | €29,747 | €29,747 | -€0 | 0.0% |
| Capital | 10 | €29,747 | €29,747 | -€0 | 0.0% |
| Issued capital | 100 | €29,747 | €29,747 | -€0 | 0.0% |
| Reserves | 13 | €93,473 | €93,473 | +€0 | 0.0% |
| Distributable reserves | 133 | €93,473 | €93,473 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€77,247 | -€89,127 | -€11,880 | -15.4% |
| Amounts payable | 17/49 | €50 | €1,794 | +€1,744 | +3460.9% |
| Amounts payable within one year | 42/48 | €50 | €1,794 | +€1,744 | +3460.9% |
| Trade debts | 44 | €50 | €1,794 | +€1,744 | +3460.9% |
| Suppliers | 440/4 | €50 | €1,794 | +€1,744 | +3460.9% |
| Turnover | 70 | €20,243 | €14,456 | -€5,787 | -28.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €28,362 | €21,411 | -€6,951 | -24.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,749 | €4,037 | -€2,712 | -40.2% |
| Other operating charges | 640/8 | €804 | €657 | -€147 | -18.3% |
| Non-recurring operating charges | 66A | €66,791 | - | -€66,791 | |
| Gross operating margin | 9900 | -€2,499 | -€6,955 | -€4,456 | -178.3% |
| Operating profit (loss) | 9901 | -€76,844 | -€11,649 | +€65,195 | +84.8% |
| Financial income | 75/76B | €48 | €49 | +€1 | +1.3% |
| Recurring financial income | 75 | €48 | €49 | +€1 | +1.3% |
| Financial charges | 65/66B | €452 | €280 | -€172 | -38.1% |
| Recurring financial charges | 65 | €452 | €280 | -€172 | -38.1% |
| Profit (loss) for the period before taxes | 9903 | -€77,247 | -€11,880 | +€65,367 | +84.6% |
| Profit (loss) for the period | 9904 | -€77,247 | -€11,880 | +€65,367 | +84.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€77,247 | -€11,880 | +€65,367 | +84.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.