PALMTREE SOCIETY: what changed
PALMTREE SOCIETY
Largest movements
- Receivables within one year +€77,281
up €77,281 (+171%), from €45,171 to €122,452
of which Trade receivables: +€77,206
- Cash -€21,738
down €21,738 (-52.7%), from €41,248 to €19,509
mainly Receivables within one year (-€77,281) and Current portion of long-term debt (-€4,990)
- Deferred charges and accrued income -€15,083
down €15,083 (-93.0%), from €16,220 to €1,137
- Tangible fixed assets -€12,277
down €12,277 (-49.3%), from €24,907 to €12,630
of which Furniture and vehicles: -€10,228
- Reserves +€21,564
up €21,564 (+42.0%), from €51,302 to €72,866
- Trade debts +€10,593
up €10,593 (+71.4%), from €14,827 to €25,420
- Current portion of long-term debt -€4,990
down €4,990 (-58.0%), from €8,601 to €3,611
- Tax, wage and social debts +€4,417
up €4,417 (+384%), from €1,150 to €5,567
of which Taxes: +€4,417
- Other debts +€3,769
up €3,769 (+10.1%), from €37,290 to €41,059
- Gross operating margin +€28,614
up €28,614 (+102%), from €28,140 to €56,755
- Taxes +€8,897
up €8,897 (+234%), from €3,795 to €12,692
- Financial charges +€2,240
up €2,240 (+261%), from €858 to €3,098
- Other operating charges +€892
up €892 (+96.1%), from €929 to €1,821
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €127,546 | €155,729 | +€28,183 | +22.1% |
| Fixed assets | 21/28 | €24,907 | €12,630 | -€12,277 | -49.3% |
| Tangible fixed assets | 22/27 | €24,907 | €12,630 | -€12,277 | -49.3% |
| Land and buildings | 22 | €272 | €95 | -€177 | -64.9% |
| Plant, machinery and equipment | 23 | €3,497 | €3,270 | -€227 | -6.5% |
| Furniture and vehicles | 24 | €16,900 | €6,672 | -€10,228 | -60.5% |
| Other tangible fixed assets | 26 | €4,239 | €2,593 | -€1,645 | -38.8% |
| Current assets | 29/58 | €102,638 | €143,098 | +€40,460 | +39.4% |
| Amounts receivable within one year | 40/41 | €45,171 | €122,452 | +€77,281 | +171% |
| Trade receivables | 40 | €33,502 | €110,708 | +€77,206 | +230% |
| Other amounts receivable | 41 | €11,669 | €11,744 | +€75 | +0.6% |
| Cash at bank and in hand | 54/58 | €41,248 | €19,509 | -€21,738 | -52.7% |
| Deferred charges and accrued income | 490/1 | €16,220 | €1,137 | -€15,083 | -93.0% |
| Total equity and liabilities | 10/49 | €127,546 | €155,729 | +€28,183 | +22.1% |
| Equity | 10/15 | €58,302 | €79,866 | +€21,564 | +37.0% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €51,302 | €72,866 | +€21,564 | +42.0% |
| Distributable reserves | 133 | €51,302 | €72,866 | +€21,564 | +42.0% |
| Amounts payable | 17/49 | €69,244 | €75,863 | +€6,619 | +9.6% |
| Amounts payable after more than one year | 17 | €3,611 | €0 | -€3,611 | -100% |
| Financial debts | 170/4 | €3,611 | €0 | -€3,611 | -100% |
| Amounts payable within one year | 42/48 | €65,633 | €75,863 | +€10,229 | +15.6% |
| Current portion of amounts payable after more than one year | 42 | €8,601 | €3,611 | -€4,990 | -58.0% |
| Financial debts | 43 | €3,766 | €206 | -€3,560 | -94.5% |
| Credit institutions | 430/8 | €3,766 | €206 | -€3,560 | -94.5% |
| Trade debts | 44 | €14,827 | €25,420 | +€10,593 | +71.4% |
| Suppliers | 440/4 | €14,827 | €25,420 | +€10,593 | +71.4% |
| Taxes, remuneration and social security | 45 | €1,150 | €5,567 | +€4,417 | +384% |
| Taxes | 450/3 | €1,150 | €5,567 | +€4,417 | +384% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €37,290 | €41,059 | +€3,769 | +10.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €3,278 | €3,295 | +€17 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,526 | €14,286 | -€240 | -1.7% |
| Other operating charges | 640/8 | €929 | €1,821 | +€892 | +96.1% |
| Gross operating margin | 9900 | €28,140 | €56,755 | +€28,614 | +102% |
| Operating profit (loss) | 9901 | €9,407 | €37,352 | +€27,945 | +297% |
| Financial income | 75/76B | €5 | €3 | -€2 | -44.9% |
| Recurring financial income | 75 | €5 | €3 | -€2 | -44.9% |
| Financial charges | 65/66B | €858 | €3,098 | +€2,240 | +261% |
| Recurring financial charges | 65 | €858 | €3,098 | +€2,240 | +261% |
| Profit (loss) for the period before taxes | 9903 | €8,554 | €34,256 | +€25,703 | +300% |
| Income taxes | 67/77 | €3,795 | €12,692 | +€8,897 | +234% |
| Profit (loss) for the period | 9904 | €4,759 | €21,564 | +€16,806 | +353% |
| Profit (loss) for the period to be appropriated | 9905 | €4,759 | €21,564 | +€16,806 | +353% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.