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 -€20,270
down €20,270 (-6.2%), from €327,634 to €307,363
of which Land and buildings: -€22,756
- Debts after one year -€13,568
down €13,568 (-11.4%), from €119,077 to €105,509
- Reserves -€9,161
down €9,161 (-71.8%), from €12,756 to €3,595
of which Distributable reserves: -€8,505
- Other debts -€7,542
down €7,542 (-60.9%), from €12,388 to €4,845
- Current portion of long-term debt +€6,908
new in 2024: €6,908
- Accrued charges and deferred income +€4,414
up €4,414 (+148.4%), from €2,974 to €7,387
- Staff costs +€16,066
up €16,066 (+44.1%), from €36,443 to €52,508
- Depreciation -€13,183
down €13,183 (-34.9%), from €37,744 to €24,560
- Gross operating margin +€5,131
up €5,131 (+6.3%), from €81,628 to €86,759
- Other operating charges -€2,389
down €2,389 (-48.8%), from €4,891 to €2,503
- Write-downs -€1,460
down €1,460 (-96.8%), from €1,509 to €49
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.
Cash bridge derived
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 | €388,812 | €368,682 | -€20,130 | -5.2% |
| Fixed assets | 21/28 | €327,696 | €307,425 | -€20,270 | -6.2% |
| Tangible fixed assets | 22/27 | €327,634 | €307,363 | -€20,270 | -6.2% |
| Land and buildings | 22 | €324,147 | €301,390 | -€22,756 | -7.0% |
| Plant, machinery and equipment | 23 | €1,896 | €1,115 | -€781 | -41.2% |
| Furniture and vehicles | 24 | €1,591 | €4,858 | +€3,267 | +205.4% |
| Financial fixed assets | 28 | €62 | €62 | = | 0.0% |
| Current assets | 29/58 | €61,117 | €61,257 | +€140 | +0.2% |
| Amounts receivable within one year | 40/41 | €31,327 | €33,625 | +€2,298 | +7.3% |
| Trade receivables | 40 | €30,817 | €33,115 | +€2,298 | +7.5% |
| Other amounts receivable | 41 | €510 | €510 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €28,919 | €26,472 | -€2,447 | -8.5% |
| Deferred charges and accrued income | 490/1 | €870 | €1,159 | +€289 | +33.2% |
| Total equity and liabilities | 10/49 | €388,812 | €368,682 | -€20,130 | -5.2% |
| Equity | 10/15 | €233,702 | €225,914 | -€7,788 | -3.3% |
| Contributions | 10/11 | €238,382 | €238,382 | = | 0.0% |
| Reserves | 13 | €12,756 | €3,595 | -€9,161 | -71.8% |
| Non-distributable reserves | 130/1 | €656 | - | -€656 | |
| Reserves not available under the articles | 1311 | €656 | - | -€656 | |
| Tax-exempt reserves | 132 | €3,470 | €3,470 | = | 0.0% |
| Distributable reserves | 133 | €8,630 | €125 | -€8,505 | -98.6% |
| Profit (loss) carried forward | 14 | -€17,436 | -€16,063 | +€1,373 | +7.9% |
| Provisions and deferred taxes | 16 | €138 | €138 | = | 0.0% |
| Deferred taxes | 168 | €138 | €138 | = | 0.0% |
| Amounts payable | 17/49 | €154,973 | €142,631 | -€12,342 | -8.0% |
| Amounts payable after more than one year | 17 | €119,077 | €105,509 | -€13,568 | -11.4% |
| Financial debts | 170/4 | €119,077 | €105,509 | -€13,568 | -11.4% |
| Amounts payable within one year | 42/48 | €32,922 | €29,735 | -€3,187 | -9.7% |
| Current portion of amounts payable after more than one year | 42 | - | €6,908 | +€6,908 | |
| Trade debts | 44 | €10,465 | €7,811 | -€2,653 | -25.4% |
| Suppliers | 440/4 | €10,465 | €7,811 | -€2,653 | -25.4% |
| Taxes, remuneration and social security | 45 | €10,070 | €10,170 | +€100 | +1.0% |
| Taxes | 450/3 | €1,014 | €3,027 | +€2,014 | +198.7% |
| Remuneration and social security | 454/9 | €9,056 | €7,143 | -€1,913 | -21.1% |
| Other amounts payable | 47/48 | €12,388 | €4,845 | -€7,542 | -60.9% |
| Accrued charges and deferred income | 492/3 | €2,974 | €7,387 | +€4,414 | +148.4% |
| Non-recurring operating income | 76A | €942 | €3,119 | +€2,178 | +231.3% |
| Remuneration, social security and pensions | 62 | €36,443 | €52,508 | +€16,066 | +44.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,744 | €24,560 | -€13,183 | -34.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,509 | €49 | -€1,460 | -96.8% |
| Other operating charges | 640/8 | €4,891 | €2,503 | -€2,389 | -48.8% |
| Gross operating margin | 9900 | €81,628 | €86,759 | +€5,131 | +6.3% |
| Operating profit (loss) | 9901 | €1,041 | €7,139 | +€6,097 | +585.6% |
| Financial income | 75/76B | €201 | €5 | -€196 | -97.5% |
| Recurring financial income | 75 | €201 | €5 | -€196 | -97.5% |
| Financial charges | 65/66B | €4,750 | €4,215 | -€535 | -11.3% |
| Recurring financial charges | 65 | €4,750 | €4,215 | -€535 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | -€3,508 | €2,929 | +€6,437 | |
| Income taxes | 67/77 | €1,014 | €1,556 | +€542 | +53.5% |
| Profit (loss) for the period | 9904 | -€4,522 | €1,373 | +€5,895 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,522 | €1,373 | +€5,895 |
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 10 October 2026 via checked.be.