PALOMAR: 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.
PALOMAR
Largest movements
- Stocks and contracts +€21,804
up €21,804 (+9.1%), from €238,601 to €260,406
- Receivables within one year +€3,848
up €3,848 (+27.7%), from €13,890 to €17,739
of which Other amounts receivable: +€17,113
- Tangible fixed assets -€3,340
down €3,340 (-17.4%), from €19,156 to €15,816
of which Furniture and vehicles: -€1,840
- Trade debts +€47,971
up €47,971 (+18.3%), from €262,818 to €310,789
- Profit (loss) carried forward -€22,988
down €22,988, from €16,157 to -€6,831
- Tax, wage and social debts -€5,214
down €5,214 (-82.0%), from €6,361 to €1,148
of which Taxes: -€4,119
- Other debts +€5,161
new in 2025: €5,161
- Turnover -€31,932
down €31,932 (-7.8%), from €409,467 to €377,535
- Gross operating margin -€18,633
down €18,633, from €2,421 to -€16,212
- Purchases and services -€13,299
down €13,299 (-3.3%), from €407,046 to €393,747
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 | €306,564 | €331,495 | +€24,931 | +8.1% |
| Fixed assets | 21/28 | €32,391 | €29,051 | -€3,340 | -10.3% |
| Tangible fixed assets | 22/27 | €19,156 | €15,816 | -€3,340 | -17.4% |
| Land and buildings | 22 | €1,775 | €1,775 | = | 0.0% |
| Plant, machinery and equipment | 23 | €7,496 | €5,996 | -€1,500 | -20.0% |
| Furniture and vehicles | 24 | €9,694 | €7,854 | -€1,840 | -19.0% |
| Other tangible fixed assets | 26 | €191 | €191 | = | 0.0% |
| Financial fixed assets | 28 | €13,235 | €13,235 | = | 0.0% |
| Current assets | 29/58 | €274,173 | €302,444 | +€28,272 | +10.3% |
| Stocks and contracts in progress | 3 | €238,601 | €260,406 | +€21,804 | +9.1% |
| Stocks | 30/36 | €238,601 | €260,406 | +€21,804 | +9.1% |
| Amounts receivable within one year | 40/41 | €13,890 | €17,739 | +€3,848 | +27.7% |
| Trade receivables | 40 | €13,890 | €625 | -€13,265 | -95.5% |
| Other amounts receivable | 41 | €0 | €17,113 | +€17,113 | |
| Cash at bank and in hand | 54/58 | €18,585 | €21,204 | +€2,619 | +14.1% |
| Deferred charges and accrued income | 490/1 | €3,095 | €3,095 | = | 0.0% |
| Total equity and liabilities | 10/49 | €306,564 | €331,495 | +€24,931 | +8.1% |
| Equity | 10/15 | €37,385 | €14,397 | -€22,988 | -61.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | €20,000 | = | 0.0% |
| Issued capital | 100 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,228 | €1,228 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,228 | €1,228 | = | 0.0% |
| Legal reserve | 130 | €1,228 | €1,228 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,157 | -€6,831 | -€22,988 | |
| Amounts payable | 17/49 | €269,179 | €317,098 | +€47,919 | +17.8% |
| Amounts payable within one year | 42/48 | €269,179 | €317,098 | +€47,919 | +17.8% |
| Trade debts | 44 | €262,818 | €310,789 | +€47,971 | +18.3% |
| Suppliers | 440/4 | €262,818 | €310,789 | +€47,971 | +18.3% |
| Taxes, remuneration and social security | 45 | €6,361 | €1,148 | -€5,214 | -82.0% |
| Taxes | 450/3 | €4,119 | €0 | -€4,119 | -100.0% |
| Remuneration and social security | 454/9 | €2,243 | €1,148 | -€1,095 | -48.8% |
| Other amounts payable | 47/48 | - | €5,161 | +€5,161 | |
| Turnover | 70 | €409,467 | €377,535 | -€31,932 | -7.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €407,046 | €393,747 | -€13,299 | -3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,517 | €3,340 | +€1,824 | +120.2% |
| Other operating charges | 640/8 | €6,650 | €2,951 | -€3,699 | -55.6% |
| Gross operating margin | 9900 | €2,421 | -€16,212 | -€18,633 | |
| Operating profit (loss) | 9901 | -€5,746 | -€22,503 | -€16,757 | -291.6% |
| Financial charges | 65/66B | €181 | €484 | +€303 | +167.5% |
| Recurring financial charges | 65 | €181 | €484 | +€303 | +167.5% |
| Profit (loss) for the period before taxes | 9903 | -€5,927 | -€22,988 | -€17,061 | -287.8% |
| Income taxes | 67/77 | €1,121 | - | -€1,121 | |
| Profit (loss) for the period | 9904 | -€7,048 | -€22,988 | -€15,940 | -226.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,048 | -€22,988 | -€15,940 | -226.2% |
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 5 October 2026 via checked.be.