PALTES: 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.
PALTES
Largest movements
- Cash +€29,035
up €29,035 (+70.5%), from €41,196 to €70,231
mainly Net result for the year (+€35,966) and Depreciation (+€4,410)
- Tangible fixed assets -€4,410
down €4,410 (-29.4%), from €14,999 to €10,589
of which Furniture and vehicles: -€3,690
- Reserves +€35,966
up €35,966 (+23.3%), from €154,413 to €190,379
- Current portion of long-term debt -€3,960
no longer reported in 2025 (was €3,960)
- Other debts -€3,587
down €3,587 (-22.8%), from €15,719 to €12,132
- Tax, wage and social debts -€2,920
down €2,920 (-34.5%), from €8,455 to €5,535
- Gross operating margin -€5,975
down €5,975 (-8.6%), from €69,703 to €63,728
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 | €197,779 | €222,405 | +€24,626 | +12.5% |
| Fixed assets | 21/28 | €155,942 | €151,532 | -€4,410 | -2.8% |
| Tangible fixed assets | 22/27 | €14,999 | €10,589 | -€4,410 | -29.4% |
| Plant, machinery and equipment | 23 | €2,391 | €1,671 | -€720 | -30.1% |
| Furniture and vehicles | 24 | €12,608 | €8,918 | -€3,690 | -29.3% |
| Financial fixed assets | 28 | €140,943 | €140,943 | = | 0.0% |
| Current assets | 29/58 | €41,837 | €70,873 | +€29,035 | +69.4% |
| Amounts receivable within one year | 40/41 | €642 | €642 | = | 0.0% |
| Other amounts receivable | 41 | €642 | €642 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €41,196 | €70,231 | +€29,035 | +70.5% |
| Total equity and liabilities | 10/49 | €197,779 | €222,405 | +€24,626 | +12.5% |
| Equity | 10/15 | €166,813 | €202,779 | +€35,966 | +21.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €154,413 | €190,379 | +€35,966 | +23.3% |
| Distributable reserves | 133 | €154,413 | €190,379 | +€35,966 | +23.3% |
| Amounts payable | 17/49 | €30,966 | €19,626 | -€11,340 | -36.6% |
| Amounts payable within one year | 42/48 | €30,966 | €19,626 | -€11,340 | -36.6% |
| Current portion of amounts payable after more than one year | 42 | €3,960 | - | -€3,960 | |
| Trade debts | 44 | €2,832 | €1,959 | -€873 | -30.8% |
| Suppliers | 440/4 | €2,832 | €1,959 | -€873 | -30.8% |
| Taxes, remuneration and social security | 45 | €8,455 | €5,535 | -€2,920 | -34.5% |
| Taxes | 450/3 | €8,455 | €5,535 | -€2,920 | -34.5% |
| Other amounts payable | 47/48 | €15,719 | €12,132 | -€3,587 | -22.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,410 | €4,410 | = | 0.0% |
| Other operating charges | 640/8 | €924 | €927 | +€4 | +0.4% |
| Gross operating margin | 9900 | €69,703 | €63,728 | -€5,975 | -8.6% |
| Operating profit (loss) | 9901 | €64,370 | €58,391 | -€5,979 | -9.3% |
| Financial income | 75/76B | €158 | €256 | +€98 | +61.7% |
| Recurring financial income | 75 | €158 | €256 | +€98 | +61.7% |
| Financial charges | 65/66B | €891 | €570 | -€321 | -36.0% |
| Recurring financial charges | 65 | €891 | €570 | -€321 | -36.0% |
| Profit (loss) for the period before taxes | 9903 | €63,637 | €58,077 | -€5,560 | -8.7% |
| Income taxes | 67/77 | €21,906 | €22,112 | +€206 | +0.9% |
| Profit (loss) for the period | 9904 | €41,732 | €35,966 | -€5,766 | -13.8% |
| Profit (loss) for the period to be appropriated | 9905 | €41,732 | €35,966 | -€5,766 | -13.8% |
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 4 October 2026 via checked.be.