PALOMA: 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.
PALOMA
Largest movements
- Tangible fixed assets -€168,628
down €168,628 (-11.0%), from €1.5m to €1.4m
of which Plant, machinery and equipment: -€152,995
- Receivables within one year +€125,456
up €125,456 (+24.3%), from €517,018 to €642,473
of which Other amounts receivable: +€82,399
- Cash -€122,755
down €122,755 (-13.5%), from €909,411 to €786,656
mainly Other debts (-€201,280) and Receivables within one year (-€125,456)
- Stocks and contracts -€113,005
down €113,005 (-24.8%), from €456,085 to €343,080
- Other debts -€201,280
down €201,280 (-40.7%), from €494,556 to €293,276
- Debts after one year -€104,742
down €104,742 (-30.5%), from €343,291 to €238,549
- Reserves +€67,926
up €67,926 (+3.3%), from €2.1m to €2.2m
of which Distributable reserves: +€67,926
- Current portion of long-term debt -€48,807
down €48,807 (-32.1%), from €152,239 to €103,432
- Gross operating margin -€37,974
down €37,974 (-3.8%), from €992,991 to €955,017
- Write-downs -€21,510
down €21,510, from €16,823 to -€4,688
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 | €3,443,416 | €3,162,517 | -€280,899 | -8.2% |
| Fixed assets | 21/28 | €1,534,467 | €1,365,658 | -€168,808 | -11.0% |
| Intangible fixed assets | 21 | €1,559 | €1,379 | -€180 | -11.5% |
| Tangible fixed assets | 22/27 | €1,531,441 | €1,362,813 | -€168,628 | -11.0% |
| Land and buildings | 22 | €52,318 | €24,132 | -€28,187 | -53.9% |
| Plant, machinery and equipment | 23 | €1,403,422 | €1,250,427 | -€152,995 | -10.9% |
| Furniture and vehicles | 24 | €75,700 | €88,254 | +€12,554 | +16.6% |
| Financial fixed assets | 28 | €1,467 | €1,467 | = | 0.0% |
| Current assets | 29/58 | €1,908,949 | €1,796,858 | -€112,091 | -5.9% |
| Stocks and contracts in progress | 3 | €456,085 | €343,080 | -€113,005 | -24.8% |
| Stocks | 30/36 | €456,085 | €343,080 | -€113,005 | -24.8% |
| Amounts receivable within one year | 40/41 | €517,018 | €642,473 | +€125,456 | +24.3% |
| Trade receivables | 40 | €191,837 | €234,893 | +€43,056 | +22.4% |
| Other amounts receivable | 41 | €325,181 | €407,580 | +€82,399 | +25.3% |
| Cash at bank and in hand | 54/58 | €909,411 | €786,656 | -€122,755 | -13.5% |
| Deferred charges and accrued income | 490/1 | €26,436 | €24,650 | -€1,786 | -6.8% |
| Total equity and liabilities | 10/49 | €3,443,416 | €3,162,517 | -€280,899 | -8.2% |
| Equity | 10/15 | €2,150,206 | €2,218,133 | +€67,926 | +3.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €2,088,206 | €2,156,133 | +€67,926 | +3.3% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €2,082,006 | €2,149,933 | +€67,926 | +3.3% |
| Amounts payable | 17/49 | €1,293,209 | €944,384 | -€348,826 | -27.0% |
| Amounts payable after more than one year | 17 | €343,291 | €238,549 | -€104,742 | -30.5% |
| Financial debts | 170/4 | €343,291 | €238,549 | -€104,742 | -30.5% |
| Amounts payable within one year | 42/48 | €934,112 | €686,306 | -€247,806 | -26.5% |
| Current portion of amounts payable after more than one year | 42 | €152,239 | €103,432 | -€48,807 | -32.1% |
| Trade debts | 44 | €256,496 | €254,567 | -€1,928 | -0.8% |
| Suppliers | 440/4 | €256,496 | €254,567 | -€1,928 | -0.8% |
| Taxes, remuneration and social security | 45 | €30,822 | €35,030 | +€4,209 | +13.7% |
| Taxes | 450/3 | €8,346 | €11,999 | +€3,654 | +43.8% |
| Remuneration and social security | 454/9 | €22,476 | €23,031 | +€555 | +2.5% |
| Other amounts payable | 47/48 | €494,556 | €293,276 | -€201,280 | -40.7% |
| Accrued charges and deferred income | 492/3 | €15,806 | €19,529 | +€3,723 | +23.6% |
| Non-recurring operating income | 76A | €6,198 | €750 | -€5,448 | -87.9% |
| Remuneration, social security and pensions | 62 | €429,917 | €429,565 | -€352 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €290,512 | €283,879 | -€6,633 | -2.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €16,823 | -€4,688 | -€21,510 | |
| Other operating charges | 640/8 | €19,721 | €20,761 | +€1,040 | +5.3% |
| Non-recurring operating charges | 66A | €1,454 | €6,954 | +€5,500 | +378% |
| Gross operating margin | 9900 | €992,991 | €955,017 | -€37,974 | -3.8% |
| Operating profit (loss) | 9901 | €234,564 | €218,546 | -€16,018 | -6.8% |
| Financial income | 75/76B | €1,944 | €2,967 | +€1,022 | +52.6% |
| Recurring financial income | 75 | €1,944 | €2,967 | +€1,022 | +52.6% |
| Financial charges | 65/66B | €138,983 | €131,376 | -€7,607 | -5.5% |
| Recurring financial charges | 65 | €138,983 | €131,376 | -€7,607 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | €97,525 | €90,136 | -€7,389 | -7.6% |
| Income taxes | 67/77 | €15,928 | €22,210 | +€6,282 | +39.4% |
| Profit (loss) for the period | 9904 | €81,598 | €67,926 | -€13,671 | -16.8% |
| Profit (loss) for the period to be appropriated | 9905 | €81,598 | €67,926 | -€13,671 | -16.8% |
Source: filed annual accounts (NBB), financial years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.