PALOGYC SERVICE: 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.
PALOGYC SERVICE
Largest movements
- Cash -€19,016
down €19,016 (-13.8%), from €137,721 to €118,705
mainly Net result for the year (-€10,137) and Receivables within one year (-€9,140)
- Receivables within one year +€9,140
up €9,140 (+1,225%), from €746 to €9,887
- Reserves -€10,137
down €10,137 (-4.4%), from €230,653 to €220,516
- Gross operating margin +€35,255
up €35,255 (+71.5%), from -€49,296 to -€14,040
- Financial income +€8,784
up €8,784, from €0 to €8,784
- Financial charges -€4,063
down €4,063 (-57.3%), from €7,084 to €3,022
- Other operating charges -€515
down €515 (-48.7%), from €1,059 to €544
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 | €236,447 | €225,076 | -€11,370 | -4.8% |
| Fixed assets | 21/28 | €2,276 | €2,306 | +€30 | +1.3% |
| Tangible fixed assets | 22/27 | €2,276 | €2,306 | +€30 | +1.3% |
| Plant, machinery and equipment | 23 | €1,447 | €1,082 | -€365 | -25.2% |
| Furniture and vehicles | 24 | €829 | €1,224 | +€395 | +47.6% |
| Current assets | 29/58 | €234,171 | €222,770 | -€11,401 | -4.9% |
| Amounts receivable within one year | 40/41 | €746 | €9,887 | +€9,140 | +1,225% |
| Other amounts receivable | 41 | €746 | €9,887 | +€9,140 | +1,225% |
| Current investments | 50/53 | €94,179 | €94,179 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €137,721 | €118,705 | -€19,016 | -13.8% |
| Deferred charges and accrued income | 490/1 | €1,525 | €0 | -€1,525 | -100% |
| Total equity and liabilities | 10/49 | €236,447 | €225,076 | -€11,370 | -4.8% |
| Equity | 10/15 | €233,653 | €223,516 | -€10,137 | -4.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €230,653 | €220,516 | -€10,137 | -4.4% |
| Distributable reserves | 133 | €230,653 | €220,516 | -€10,137 | -4.4% |
| Amounts payable | 17/49 | €2,793 | €1,561 | -€1,233 | -44.1% |
| Amounts payable within one year | 42/48 | €2,793 | €1,561 | -€1,233 | -44.1% |
| Trade debts | 44 | €2,557 | €1,561 | -€996 | -39.0% |
| Suppliers | 440/4 | €2,557 | €1,561 | -€996 | -39.0% |
| Taxes, remuneration and social security | 45 | €236 | €0 | -€236 | -100% |
| Taxes | 450/3 | €236 | €0 | -€236 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,056 | €1,230 | +€174 | +16.4% |
| Other operating charges | 640/8 | €1,059 | €544 | -€515 | -48.7% |
| Gross operating margin | 9900 | -€49,296 | -€14,040 | +€35,255 | +71.5% |
| Operating profit (loss) | 9901 | -€51,411 | -€15,814 | +€35,597 | +69.2% |
| Financial income | 75/76B | €0 | €8,784 | +€8,784 | |
| Recurring financial income | 75 | €0 | €8,784 | +€8,784 | |
| Financial charges | 65/66B | €7,084 | €3,022 | -€4,063 | -57.3% |
| Recurring financial charges | 65 | €7,084 | €3,022 | -€4,063 | -57.3% |
| Profit (loss) for the period before taxes | 9903 | -€58,496 | -€10,052 | +€48,444 | +82.8% |
| Income taxes | 67/77 | €236 | €86 | -€151 | -63.8% |
| Profit (loss) for the period | 9904 | -€58,732 | -€10,137 | +€48,595 | +82.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€58,732 | -€10,137 | +€48,595 | +82.7% |
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 30 October 2026 via checked.be.