Palomino: 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.
Palomino
Largest movements
- Cash -€62,753
down €62,753 (-32.8%), from €191,301 to €128,549
mainly Tax, wage and social debts (-€48,587) and Receivables within one year (-€10,124)
- Receivables within one year +€10,124
up €10,124 (+119.6%), from €8,466 to €18,589
- Tax, wage and social debts -€48,587
down €48,587 (-89.4%), from €54,352 to €5,765
- Trade debts -€3,743
down €3,743 (-87.3%), from €4,286 to €543
- Gross operating margin -€175,542
down €175,542 (-97.8%), from €179,516 to €3,974
- Taxes -€39,280
down €39,280 (-98.2%), from €40,000 to €720
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 | €201,617 | €149,943 | -€51,675 | -25.6% |
| Fixed assets | 21/28 | €1,850 | €1,282 | -€568 | -30.7% |
| Tangible fixed assets | 22/27 | €1,850 | €1,079 | -€771 | -41.7% |
| Furniture and vehicles | 24 | €1,850 | €1,079 | -€771 | -41.7% |
| Financial fixed assets | 28 | - | €203 | +€203 | |
| Current assets | 29/58 | €199,767 | €148,661 | -€51,107 | -25.6% |
| Amounts receivable within one year | 40/41 | €8,466 | €18,589 | +€10,124 | +119.6% |
| Trade receivables | 40 | €8,466 | €18,589 | +€10,124 | +119.6% |
| Cash at bank and in hand | 54/58 | €191,301 | €128,549 | -€62,753 | -32.8% |
| Deferred charges and accrued income | 490/1 | - | €1,522 | +€1,522 | |
| Total equity and liabilities | 10/49 | €201,617 | €149,943 | -€51,675 | -25.6% |
| Equity | 10/15 | €140,404 | €140,730 | +€326 | +0.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €137,904 | €138,230 | +€326 | +0.2% |
| Distributable reserves | 133 | €137,904 | €138,230 | +€326 | +0.2% |
| Amounts payable | 17/49 | €61,213 | €9,213 | -€52,000 | -84.9% |
| Amounts payable within one year | 42/48 | €61,213 | €9,213 | -€52,000 | -84.9% |
| Trade debts | 44 | €4,286 | €543 | -€3,743 | -87.3% |
| Suppliers | 440/4 | €4,286 | €543 | -€3,743 | -87.3% |
| Taxes, remuneration and social security | 45 | €54,352 | €5,765 | -€48,587 | -89.4% |
| Taxes | 450/3 | €54,352 | €5,765 | -€48,587 | -89.4% |
| Other amounts payable | 47/48 | €2,575 | €2,905 | +€330 | +12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,355 | €771 | -€584 | -43.1% |
| Other operating charges | 640/8 | €50 | €438 | +€388 | +776.4% |
| Gross operating margin | 9900 | €179,516 | €3,974 | -€175,542 | -97.8% |
| Operating profit (loss) | 9901 | €178,111 | €2,765 | -€175,346 | -98.4% |
| Financial income | 75/76B | €1 | €258 | +€257 | +29578.2% |
| Recurring financial income | 75 | €1 | €258 | +€257 | +29578.2% |
| Financial charges | 65/66B | €208 | €1,978 | +€1,770 | +851.4% |
| Recurring financial charges | 65 | €208 | €1,978 | +€1,770 | +851.4% |
| Profit (loss) for the period before taxes | 9903 | €177,904 | €1,046 | -€176,859 | -99.4% |
| Income taxes | 67/77 | €40,000 | €720 | -€39,280 | -98.2% |
| Profit (loss) for the period | 9904 | €137,904 | €326 | -€137,578 | -99.8% |
| Profit (loss) for the period to be appropriated | 9905 | €137,904 | €326 | -€137,578 | -99.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.