PALPA: 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.
PALPA
Largest movements
- Cash +€13,183
up €13,183 (+19.2%), from €68,784 to €81,967
mainly Other debts (+€36,788) and Net result for the year (+€27,093)
- Tangible fixed assets -€7,238
down €7,238 (-22.1%), from €32,693 to €25,456
of which Plant, machinery and equipment: -€6,551
- Deferred charges and accrued income -€1,878
down €1,878 (-76.0%), from €2,470 to €592
- Other debts +€36,788
up €36,788 (+147%), from €25,000 to €61,788
- Reserves -€22,907
down €22,907 (-30.0%), from €76,386 to €53,479
- Tax, wage and social debts -€11,142
down €11,142 (-65.8%), from €16,934 to €5,792
- Gross operating margin +€4,655
up €4,655 (+11.0%), from €42,443 to €47,098
- Taxes +€1,988
up €1,988 (+29.9%), from €6,644 to €8,631
- Depreciation +€1,133
up €1,133 (+11.7%), from €9,701 to €10,834
- Financial charges -€563
down €563 (-93.6%), from €602 to €39
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 | €139,148 | €142,230 | +€3,082 | +2.2% |
| Fixed assets | 21/28 | €32,693 | €25,456 | -€7,238 | -22.1% |
| Tangible fixed assets | 22/27 | €32,693 | €25,456 | -€7,238 | -22.1% |
| Plant, machinery and equipment | 23 | €25,178 | €18,626 | -€6,551 | -26.0% |
| Furniture and vehicles | 24 | €7,515 | €6,829 | -€686 | -9.1% |
| Current assets | 29/58 | €106,455 | €116,774 | +€10,319 | +9.7% |
| Amounts receivable within one year | 40/41 | €35,200 | €34,215 | -€985 | -2.8% |
| Trade receivables | 40 | €24,951 | €25,571 | +€619 | +2.5% |
| Other amounts receivable | 41 | €10,249 | €8,644 | -€1,605 | -15.7% |
| Cash at bank and in hand | 54/58 | €68,784 | €81,967 | +€13,183 | +19.2% |
| Deferred charges and accrued income | 490/1 | €2,470 | €592 | -€1,878 | -76.0% |
| Total equity and liabilities | 10/49 | €139,148 | €142,230 | +€3,082 | +2.2% |
| Equity | 10/15 | €96,846 | €73,939 | -€22,907 | -23.7% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €76,386 | €53,479 | -€22,907 | -30.0% |
| Distributable reserves | 133 | €76,386 | €53,479 | -€22,907 | -30.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €42,302 | €68,290 | +€25,988 | +61.4% |
| Amounts payable within one year | 42/48 | €42,302 | €68,290 | +€25,988 | +61.4% |
| Trade debts | 44 | €368 | €711 | +€343 | +93.3% |
| Suppliers | 440/4 | €368 | €711 | +€343 | +93.3% |
| Taxes, remuneration and social security | 45 | €16,934 | €5,792 | -€11,142 | -65.8% |
| Taxes | 450/3 | €16,934 | €5,792 | -€11,142 | -65.8% |
| Other amounts payable | 47/48 | €25,000 | €61,788 | +€36,788 | +147% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,701 | €10,834 | +€1,133 | +11.7% |
| Other operating charges | 640/8 | €528 | €606 | +€78 | +14.8% |
| Gross operating margin | 9900 | €42,443 | €47,098 | +€4,655 | +11.0% |
| Operating profit (loss) | 9901 | €32,214 | €35,658 | +€3,444 | +10.7% |
| Financial income | 75/76B | €104 | €105 | +€1 | +1.3% |
| Recurring financial income | 75 | €104 | €105 | +€1 | +1.3% |
| Financial charges | 65/66B | €602 | €39 | -€563 | -93.6% |
| Recurring financial charges | 65 | €602 | €39 | -€563 | -93.6% |
| Profit (loss) for the period before taxes | 9903 | €31,716 | €35,725 | +€4,008 | +12.6% |
| Income taxes | 67/77 | €6,644 | €8,631 | +€1,988 | +29.9% |
| Profit (loss) for the period | 9904 | €25,073 | €27,093 | +€2,020 | +8.1% |
| Profit (loss) for the period to be appropriated | 9905 | €25,073 | €27,093 | +€2,020 | +8.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.