PALOMA PROJECTS: what changed
Two fiscal 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 PROJECTS
Largest movements
- Cash -€1,813
down €1,813 (-49.1%), from €3,689 to €1,877
mainly Net result for the year (-€7,724) and Receivables within one year (-€843)
- Intangible fixed assets -€1,427
down €1,427 (-35.6%), from €4,010 to €2,583
- Tangible fixed assets -€1,409
down €1,409 (-100.0%), from €1,409 to €0
- Receivables within one year +€843
up €843 (+70.6%), from €1,194 to €2,037
of which Trade receivables: +€1,752
- Deferred charges and accrued income +€233
up €233 (+202.2%), from €115 to €348
- Profit (loss) carried forward -€7,724
down €7,724 (-306.8%), from -€2,517 to -€10,241
- Other debts +€2,792
up €2,792 (+35.6%), from €7,836 to €10,628
- Trade debts +€1,144
up €1,144 (+1707.6%), from €67 to €1,211
- Tax, wage and social debts +€216
up €216 (+670.0%), from €32 to €248
- Gross operating margin +€7,362
up €7,362 (+740.2%), from €994 to €8,356
- Financial charges +€6,690
up €6,690 (+1624.1%), from €412 to €7,102
- Depreciation -€1,641
down €1,641 (-53.5%), from €3,068 to €1,427
- Other operating charges +€428
new in 2025: €428
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.
Cash bridge derived
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 | €10,418 | €6,845 | -€3,572 | -34.3% |
| Fixed assets | 21/28 | €5,419 | €2,583 | -€2,835 | -52.3% |
| Intangible fixed assets | 21 | €4,010 | €2,583 | -€1,427 | -35.6% |
| Tangible fixed assets | 22/27 | €1,409 | €0 | -€1,409 | -100.0% |
| Plant, machinery and equipment | 23 | €1,409 | €0 | -€1,409 | -100.0% |
| Current assets | 29/58 | €4,999 | €4,262 | -€737 | -14.7% |
| Amounts receivable within one year | 40/41 | €1,194 | €2,037 | +€843 | +70.6% |
| Trade receivables | 40 | €205 | €1,958 | +€1,752 | +853.2% |
| Other amounts receivable | 41 | €989 | €79 | -€910 | -92.0% |
| Cash at bank and in hand | 54/58 | €3,689 | €1,877 | -€1,813 | -49.1% |
| Deferred charges and accrued income | 490/1 | €115 | €348 | +€233 | +202.2% |
| Total equity and liabilities | 10/49 | €10,418 | €6,845 | -€3,572 | -34.3% |
| Equity | 10/15 | €2,483 | -€5,241 | -€7,724 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,517 | -€10,241 | -€7,724 | -306.8% |
| Amounts payable | 17/49 | €7,935 | €12,087 | +€4,152 | +52.3% |
| Amounts payable within one year | 42/48 | €7,935 | €12,087 | +€4,152 | +52.3% |
| Trade debts | 44 | €67 | €1,211 | +€1,144 | +1707.6% |
| Suppliers | 440/4 | €67 | €1,211 | +€1,144 | +1707.6% |
| Taxes, remuneration and social security | 45 | €32 | €248 | +€216 | +670.0% |
| Taxes | 450/3 | €32 | €248 | +€216 | +670.0% |
| Other amounts payable | 47/48 | €7,836 | €10,628 | +€2,792 | +35.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,068 | €1,427 | -€1,641 | -53.5% |
| Other operating charges | 640/8 | - | €428 | +€428 | |
| Non-recurring operating charges | 66A | - | €7,124 | +€7,124 | |
| Gross operating margin | 9900 | €994 | €8,356 | +€7,362 | +740.2% |
| Operating profit (loss) | 9901 | -€2,073 | -€622 | +€1,451 | +70.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €412 | €7,102 | +€6,690 | +1624.1% |
| Recurring financial charges | 65 | €412 | €7,102 | +€6,690 | +1624.1% |
| Profit (loss) for the period before taxes | 9903 | -€2,485 | -€7,724 | -€5,239 | -210.8% |
| Income taxes | 67/77 | €32 | €0 | -€32 | -100.0% |
| Profit (loss) for the period | 9904 | -€2,517 | -€7,724 | -€5,207 | -206.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,517 | -€7,724 | -€5,207 | -206.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.