PALO-DENT: 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.
PALO-DENT
Largest movements
- Cash +€33,912
up €33,912 (+6.6%), from €513,139 to €547,051
mainly Net result for the year (+€312,055) and Depreciation (+€75,309)
- Tangible fixed assets -€31,670
down €31,670 (-5.6%), from €565,967 to €534,298
of which Land and buildings: -€23,656
- Intangible fixed assets -€25,000
down €25,000 (-20.0%), from €124,917 to €99,917
- Receivables within one year +€17,592
up €17,592 (+45.6%), from €38,610 to €56,202
of which Other amounts receivable: +€19,341
- Reserves +€171,055
up €171,055 (+23.9%), from €716,338 to €887,394
- Debts after one year -€137,851
down €137,851 (-41.0%), from €335,853 to €198,001
- Other debts -€36,360
down €36,360 (-81.6%), from €44,569 to €8,210
- Gross operating margin +€26,959
up €26,959 (+4.0%), from €667,234 to €694,193
- Taxes +€11,871
up €11,871 (+9.0%), from €131,703 to €143,574
- Financial charges -€10,863
down €10,863 (-55.0%), from €19,738 to €8,874
- Staff costs +€9,430
up €9,430 (+6.2%), from €150,938 to €160,368
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.
Derived cash bridge
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 | €1,245,228 | €1,239,354 | -€5,874 | -0.5% |
| Fixed assets | 21/28 | €691,459 | €634,789 | -€56,670 | -8.2% |
| Intangible fixed assets | 21 | €124,917 | €99,917 | -€25,000 | -20.0% |
| Tangible fixed assets | 22/27 | €565,967 | €534,298 | -€31,670 | -5.6% |
| Land and buildings | 22 | €481,036 | €457,380 | -€23,656 | -4.9% |
| Plant, machinery and equipment | 23 | €83,190 | €75,387 | -€7,803 | -9.4% |
| Furniture and vehicles | 24 | €1,742 | €1,531 | -€212 | -12.1% |
| Financial fixed assets | 28 | €575 | €575 | = | 0.0% |
| Current assets | 29/58 | €553,769 | €604,565 | +€50,796 | +9.2% |
| Amounts receivable within one year | 40/41 | €38,610 | €56,202 | +€17,592 | +45.6% |
| Trade receivables | 40 | €8,416 | €6,667 | -€1,749 | -20.8% |
| Other amounts receivable | 41 | €30,194 | €49,535 | +€19,341 | +64.1% |
| Cash at bank and in hand | 54/58 | €513,139 | €547,051 | +€33,912 | +6.6% |
| Deferred charges and accrued income | 490/1 | €2,020 | €1,312 | -€708 | -35.0% |
| Total equity and liabilities | 10/49 | €1,245,228 | €1,239,354 | -€5,874 | -0.5% |
| Equity | 10/15 | €721,338 | €892,394 | +€171,055 | +23.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €716,338 | €887,394 | +€171,055 | +23.9% |
| Distributable reserves | 133 | €716,338 | €887,394 | +€171,055 | +23.9% |
| Amounts payable | 17/49 | €523,890 | €346,961 | -€176,929 | -33.8% |
| Amounts payable after more than one year | 17 | €335,853 | €198,001 | -€137,851 | -41.0% |
| Financial debts | 170/4 | €335,853 | €198,001 | -€137,851 | -41.0% |
| Amounts payable within one year | 42/48 | €179,775 | €145,054 | -€34,721 | -19.3% |
| Current portion of amounts payable after more than one year | 42 | €73,548 | €72,769 | -€780 | -1.1% |
| Financial debts | 43 | €0 | €109 | +€109 | +1,089,700% |
| Credit institutions | 430/8 | €0 | €109 | +€109 | +1,089,700% |
| Trade debts | 44 | €39,904 | €42,337 | +€2,433 | +6.1% |
| Suppliers | 440/4 | €39,904 | €42,337 | +€2,433 | +6.1% |
| Taxes, remuneration and social security | 45 | €21,753 | €21,630 | -€123 | -0.6% |
| Taxes | 450/3 | €4,140 | €2,400 | -€1,740 | -42.0% |
| Remuneration and social security | 454/9 | €17,613 | €19,230 | +€1,617 | +9.2% |
| Other amounts payable | 47/48 | €44,569 | €8,210 | -€36,360 | -81.6% |
| Accrued charges and deferred income | 492/3 | €8,262 | €3,905 | -€4,357 | -52.7% |
| Remuneration, social security and pensions | 62 | €150,938 | €160,368 | +€9,430 | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,770 | €75,309 | -€3,461 | -4.4% |
| Other operating charges | 640/8 | €3,699 | €3,810 | +€111 | +3.0% |
| Gross operating margin | 9900 | €667,234 | €694,193 | +€26,959 | +4.0% |
| Operating profit (loss) | 9901 | €433,826 | €454,705 | +€20,880 | +4.8% |
| Financial income | 75/76B | €6,322 | €9,799 | +€3,476 | +55.0% |
| Recurring financial income | 75 | €6,322 | €9,799 | +€3,476 | +55.0% |
| Financial charges | 65/66B | €19,738 | €8,874 | -€10,863 | -55.0% |
| Recurring financial charges | 65 | €19,738 | €8,874 | -€10,863 | -55.0% |
| Profit (loss) for the period before taxes | 9903 | €420,410 | €455,630 | +€35,219 | +8.4% |
| Income taxes | 67/77 | €131,703 | €143,574 | +€11,871 | +9.0% |
| Profit (loss) for the period | 9904 | €288,707 | €312,055 | +€23,348 | +8.1% |
| Profit (loss) for the period to be appropriated | 9905 | €288,707 | €312,055 | +€23,348 | +8.1% |
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 19 October 2026 via checked.be.