PALMYRE: 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.
PALMYRE
Largest movements
- Receivables within one year -€7,632
down €7,632 (-13.4%), from €56,768 to €49,136
of which Trade receivables: -€5,567
- Cash -€6,748
down €6,748 (-70.5%), from €9,570 to €2,822
mainly Trade debts (-€33,339) and Debts after one year (-€30,000)
- Stocks and contracts -€4,175
down €4,175 (-1.7%), from €251,227 to €247,052
- Other debts +€48,421
new in 2024: €48,421
- Trade debts -€33,339
down €33,339 (-77.0%), from €43,297 to €9,958
- Debts after one year -€30,000
down €30,000 (-4.7%), from €634,586 to €604,586
- Financial charges -€1,838
down €1,838 (-87.7%), from €2,096 to €258
- Staff costs -€1,500
no longer reported in 2024 (was €1,500)
- Gross operating margin +€1,247
up €1,247 (+49.3%), from -€2,532 to -€1,284
- Other operating charges -€756
down €756 (-39.5%), from €1,911 to €1,156
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 | €333,565 | €315,011 | -€18,555 | -5.6% |
| Fixed assets | 21/28 | €16,000 | €16,000 | = | 0.0% |
| Financial fixed assets | 28 | €16,000 | €16,000 | = | 0.0% |
| Current assets | 29/58 | €317,565 | €299,011 | -€18,555 | -5.8% |
| Stocks and contracts in progress | 3 | €251,227 | €247,052 | -€4,175 | -1.7% |
| Stocks | 30/36 | €251,227 | €247,052 | -€4,175 | -1.7% |
| Amounts receivable within one year | 40/41 | €56,768 | €49,136 | -€7,632 | -13.4% |
| Trade receivables | 40 | €5,927 | €360 | -€5,567 | -93.9% |
| Other amounts receivable | 41 | €50,841 | €48,776 | -€2,065 | -4.1% |
| Cash at bank and in hand | 54/58 | €9,570 | €2,822 | -€6,748 | -70.5% |
| Total equity and liabilities | 10/49 | €333,565 | €315,011 | -€18,555 | -5.6% |
| Equity | 10/15 | -€345,256 | -€347,954 | -€2,698 | -0.8% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €6,500 | €6,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,500 | €6,500 | = | 0.0% |
| Legal reserve | 130 | €6,500 | €6,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€416,756 | -€419,454 | -€2,698 | -0.6% |
| Amounts payable | 17/49 | €678,821 | €662,965 | -€15,856 | -2.3% |
| Amounts payable after more than one year | 17 | €634,586 | €604,586 | -€30,000 | -4.7% |
| Other amounts payable | 178/9 | €634,586 | €604,586 | -€30,000 | -4.7% |
| Amounts payable within one year | 42/48 | €44,235 | €58,379 | +€14,144 | +32.0% |
| Financial debts | 43 | €348 | - | -€348 | |
| Other loans | 439 | €348 | - | -€348 | |
| Trade debts | 44 | €43,297 | €9,958 | -€33,339 | -77.0% |
| Suppliers | 440/4 | €43,297 | €9,958 | -€33,339 | -77.0% |
| Taxes, remuneration and social security | 45 | €590 | - | -€590 | |
| Taxes | 450/3 | €590 | - | -€590 | |
| Other amounts payable | 47/48 | - | €48,421 | +€48,421 | |
| Non-recurring operating income | 76A | €2,400 | - | -€2,400 | |
| Remuneration, social security and pensions | 62 | €1,500 | - | -€1,500 | |
| Other operating charges | 640/8 | €1,911 | €1,156 | -€756 | -39.5% |
| Gross operating margin | 9900 | -€2,532 | -€1,284 | +€1,247 | +49.3% |
| Operating profit (loss) | 9901 | -€5,943 | -€2,440 | +€3,503 | +58.9% |
| Financial charges | 65/66B | €2,096 | €258 | -€1,838 | -87.7% |
| Recurring financial charges | 65 | €2,096 | €258 | -€1,838 | -87.7% |
| Profit (loss) for the period before taxes | 9903 | -€8,039 | -€2,698 | +€5,341 | +66.4% |
| Profit (loss) for the period | 9904 | -€8,039 | -€2,698 | +€5,341 | +66.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,039 | -€2,698 | +€5,341 | +66.4% |
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 19 October 2026 via checked.be.