PALMYRA SYR: what changed
What changed
PALMYRA SYR
NACE 56.111, Full-service restaurants
filed annual accounts (NBB)
Net result for the year
-€2,510
2024 · €12,223-€14,734
Equity
€103,547
2024 · €106,057-€2,510
Cash
€7,233
2024 · €5,715+€1,518
Balance sheet total
€173,408
2024 · €228,428-€55,021
Largest movements
Assets
- Receivables within one year -€41,164
down €41,164 (-22.3%), from €184,374 to €143,210
- Tangible fixed assets -€19,720
down €19,720 (-68.8%), from €28,656 to €8,936
of which Furniture and vehicles: -€20,113
- Stocks and contracts +€5,345
up €5,345 (+125%), from €4,268 to €9,613
Equity and liabilities
- Trade debts -€74,785
down €74,785 (-78.4%), from €95,418 to €20,633
- Advances received +€9,410
up €9,410 (+119%), from €7,883 to €17,293
- Tax, wage and social debts +€8,452
up €8,452 (+56.1%), from €15,069 to €23,521
of which Taxes: +€8,137
- Other debts +€4,413
up €4,413 (+110%), from €4,000 to €8,413
- Profit (loss) carried forward -€2,510
down €2,510 (-2.7%), from €93,997 to €91,487
Income statement
- Staff costs +€27,002
up €27,002 (+24.9%), from €108,324 to €135,326
- Gross operating margin +€24,135
up €24,135 (+17.5%), from €138,298 to €162,433
- Purchases and services -€20,604
down €20,604 (-4.2%), from €495,443 to €474,839
- Taxes +€12,706
new in 2025: €12,706
- Depreciation -€5,032
down €5,032 (-43.5%), from €11,567 to €6,535
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.
Result 2024
€12,223
Gross operating margin
+€24,135
Staff costs
-€27,002
Depreciation
+€5,032
Provisions
-€2,818
Other operating charges
+€1,595
Financial income
-€62
Financial charges
-€2,907
Taxes
-€12,706
Result 2025
-€2,510
raises the resultlowers the result
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.
From operations
-€12,666
Investment
+€14,184
Financing
€0
Cash 2024
€5,715
From operations (derived)
-€12,666
Net result for the year
-€2,510
Depreciation
+€6,535
Stocks and contracts
-€5,345
Receivables within one year
+€41,164
Trade debts
-€74,785
Tax, wage and social debts
+€8,452
Advances received
+€9,410
Other debts
+€4,413
Investment (derived)
+€14,184
Investment in fixed assets (net)
+€14,184
Cash 2025
€7,233
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €228,428 | €173,408 | -€55,021 | -24.1% |
| Fixed assets | 21/28 | €34,072 | €13,352 | -€20,720 | -60.8% |
| Intangible fixed assets | 21 | €3,417 | €2,417 | -€1,000 | -29.3% |
| Tangible fixed assets | 22/27 | €28,656 | €8,936 | -€19,720 | -68.8% |
| Plant, machinery and equipment | 23 | €1,524 | €3,367 | +€1,843 | +121% |
| Furniture and vehicles | 24 | €22,782 | €2,669 | -€20,113 | -88.3% |
| Other tangible fixed assets | 26 | €4,350 | €2,900 | -€1,450 | -33.3% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €194,356 | €160,055 | -€34,301 | -17.6% |
| Stocks and contracts in progress | 3 | €4,268 | €9,613 | +€5,345 | +125% |
| Stocks | 30/36 | €4,268 | €9,613 | +€5,345 | +125% |
| Amounts receivable within one year | 40/41 | €184,374 | €143,210 | -€41,164 | -22.3% |
| Trade receivables | 40 | €184,374 | €143,210 | -€41,164 | -22.3% |
| Cash at bank and in hand | 54/58 | €5,715 | €7,233 | +€1,518 | +26.6% |
| Total equity and liabilities | 10/49 | €228,428 | €173,408 | -€55,021 | -24.1% |
| Equity | 10/15 | €106,057 | €103,547 | -€2,510 | -2.4% |
| Contributions | 10/11 | €10,200 | €10,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €93,997 | €91,487 | -€2,510 | -2.7% |
| Amounts payable | 17/49 | €122,371 | €69,861 | -€52,510 | -42.9% |
| Amounts payable within one year | 42/48 | €122,371 | €69,861 | -€52,510 | -42.9% |
| Trade debts | 44 | €95,418 | €20,633 | -€74,785 | -78.4% |
| Suppliers | 440/4 | €95,418 | €20,633 | -€74,785 | -78.4% |
| Advances received on contracts in progress | 46 | €7,883 | €17,293 | +€9,410 | +119% |
| Taxes, remuneration and social security | 45 | €15,069 | €23,521 | +€8,452 | +56.1% |
| Taxes | 450/3 | €8,834 | €16,972 | +€8,137 | +92.1% |
| Remuneration and social security | 454/9 | €6,235 | €6,549 | +€314 | +5.0% |
| Other amounts payable | 47/48 | €4,000 | €8,413 | +€4,413 | +110% |
| Goods, raw materials, services and sundry goods | 60/61 | €495,443 | €474,839 | -€20,604 | -4.2% |
| Remuneration, social security and pensions | 62 | €108,324 | €135,326 | +€27,002 | +24.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,567 | €6,535 | -€5,032 | -43.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €2,818 | +€2,818 | |
| Other operating charges | 640/8 | €1,595 | - | -€1,595 | |
| Gross operating margin | 9900 | €138,298 | €162,433 | +€24,135 | +17.5% |
| Operating profit (loss) | 9901 | €16,812 | €17,754 | +€942 | +5.6% |
| Financial income | 75/76B | €67 | €5 | -€62 | -92.1% |
| Recurring financial income | 75 | €67 | €5 | -€62 | -92.1% |
| Financial charges | 65/66B | €4,656 | €7,563 | +€2,907 | +62.4% |
| Recurring financial charges | 65 | €4,656 | €7,563 | +€2,907 | +62.4% |
| Profit (loss) for the period before taxes | 9903 | €12,223 | €10,196 | -€2,027 | -16.6% |
| Income taxes | 67/77 | - | €12,706 | +€12,706 | |
| Profit (loss) for the period | 9904 | €12,223 | -€2,510 | -€14,734 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,223 | -€2,510 | -€14,734 |
Next steps
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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 1 November 2026 via checked.be.