PALRACO: 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.
PALRACO
Largest movements
- Tangible fixed assets +€78,669
up €78,669 (+85.8%), from €91,693 to €170,362
of which Furniture and vehicles: +€69,812
- Cash -€44,529
down €44,529 (-4.8%), from €929,403 to €884,874
mainly Investment in fixed assets (net) (-€91,377) and Accrued charges and deferred income (-€47,515)
- Receivables within one year -€32,360
down €32,360 (-33.0%), from €98,099 to €65,739
of which Trade receivables: -€22,404
- Deferred charges and accrued income +€25,544
up €25,544 (+249.2%), from €10,252 to €35,796
- Reserves +€86,232
up €86,232 (+8.3%), from €1.0m to €1.1m
- Accrued charges and deferred income -€47,515
down €47,515 (-82.8%), from €57,413 to €9,898
- Trade debts +€14,068
up €14,068 (+164.4%), from €8,560 to €22,628
- Gross operating margin +€53,637
up €53,637 (+59.5%), from €90,203 to €143,840
- Taxes +€13,023
up €13,023 (+48.3%), from €26,964 to €39,987
- Depreciation +€9,824
up €9,824 (+340.5%), from €2,885 to €12,708
- Financial income +€3,073
up €3,073 (+166.8%), from €1,843 to €4,916
- Financial charges +€2,504
up €2,504 (+87.4%), from €2,865 to €5,370
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 | €1,275,747 | €1,313,196 | +€37,448 | +2.9% |
| Fixed assets | 21/28 | €92,193 | €170,862 | +€78,669 | +85.3% |
| Tangible fixed assets | 22/27 | €91,693 | €170,362 | +€78,669 | +85.8% |
| Land and buildings | 22 | €86,520 | €86,520 | = | 0.0% |
| Plant, machinery and equipment | 23 | - | €3,561 | +€3,561 | |
| Furniture and vehicles | 24 | €5,173 | €74,986 | +€69,812 | +1349.5% |
| Other tangible fixed assets | 26 | - | €5,296 | +€5,296 | |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €1,183,554 | €1,142,334 | -€41,221 | -3.5% |
| Stocks and contracts in progress | 3 | €145,800 | €155,925 | +€10,125 | +6.9% |
| Stocks | 30/36 | €145,800 | €155,925 | +€10,125 | +6.9% |
| Amounts receivable within one year | 40/41 | €98,099 | €65,739 | -€32,360 | -33.0% |
| Trade receivables | 40 | €84,127 | €61,723 | -€22,404 | -26.6% |
| Other amounts receivable | 41 | €13,972 | €4,016 | -€9,957 | -71.3% |
| Cash at bank and in hand | 54/58 | €929,403 | €884,874 | -€44,529 | -4.8% |
| Deferred charges and accrued income | 490/1 | €10,252 | €35,796 | +€25,544 | +249.2% |
| Total equity and liabilities | 10/49 | €1,275,747 | €1,313,196 | +€37,448 | +2.9% |
| Equity | 10/15 | €1,169,344 | €1,255,576 | +€86,232 | +7.4% |
| Contributions | 10/11 | €134,000 | €134,000 | = | 0.0% |
| Reserves | 13 | €1,035,344 | €1,121,576 | +€86,232 | +8.3% |
| Distributable reserves | 133 | €1,035,344 | €1,121,576 | +€86,232 | +8.3% |
| Amounts payable | 17/49 | €106,404 | €57,620 | -€48,783 | -45.8% |
| Amounts payable within one year | 42/48 | €48,991 | €47,722 | -€1,269 | -2.6% |
| Trade debts | 44 | €8,560 | €22,628 | +€14,068 | +164.4% |
| Suppliers | 440/4 | €8,560 | €22,628 | +€14,068 | +164.4% |
| Taxes, remuneration and social security | 45 | €36,791 | €24,108 | -€12,683 | -34.5% |
| Taxes | 450/3 | €36,791 | €24,108 | -€12,683 | -34.5% |
| Other amounts payable | 47/48 | €3,640 | €986 | -€2,654 | -72.9% |
| Accrued charges and deferred income | 492/3 | €57,413 | €9,898 | -€47,515 | -82.8% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,885 | €12,708 | +€9,824 | +340.5% |
| Other operating charges | 640/8 | €3,565 | €4,459 | +€895 | +25.1% |
| Gross operating margin | 9900 | €90,203 | €143,840 | +€53,637 | +59.5% |
| Operating profit (loss) | 9901 | €83,754 | €126,672 | +€42,918 | +51.2% |
| Financial income | 75/76B | €1,843 | €4,916 | +€3,073 | +166.8% |
| Recurring financial income | 75 | €1,843 | €4,916 | +€3,073 | +166.8% |
| Financial charges | 65/66B | €2,865 | €5,370 | +€2,504 | +87.4% |
| Recurring financial charges | 65 | €2,865 | €5,370 | +€2,504 | +87.4% |
| Profit (loss) for the period before taxes | 9903 | €82,731 | €126,219 | +€43,487 | +52.6% |
| Income taxes | 67/77 | €26,964 | €39,987 | +€13,023 | +48.3% |
| Profit (loss) for the period | 9904 | €55,767 | €86,232 | +€30,465 | +54.6% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €55,767 | €86,232 | +€30,465 | +54.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.