PALU CONSULT: 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.
PALU CONSULT
Largest movements
- Cash +€10,084
up €10,084 (+96.1%), from €10,494 to €20,578
mainly Net result for the year (+€13,726) and Receivables within one year (+€15)
- Profit (loss) carried forward +€13,726
up €13,726 (+315.6%), from €4,349 to €18,075
- Tax, wage and social debts -€3,657
no longer reported in 2025 (was €3,657)
- Gross operating margin +€28,313
up €28,313 (+186.7%), from €15,169 to €43,483
- Financial charges +€24,310
up €24,310 (+354374.6%), from €7 to €24,317
- Other operating charges -€1,773
down €1,773 (-67.5%), from €2,626 to €853
- Taxes +€982
up €982 (+31.7%), from €3,101 to €4,083
- Depreciation -€566
no longer reported in 2025 (was €566)
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 | €11,007 | €21,075 | +€10,069 | +91.5% |
| Current assets | 29/58 | €11,007 | €21,075 | +€10,069 | +91.5% |
| Amounts receivable within one year | 40/41 | €512 | €498 | -€15 | -2.9% |
| Trade receivables | 40 | €400 | €112 | -€288 | -71.9% |
| Other amounts receivable | 41 | €112 | €385 | +€273 | +242.7% |
| Cash at bank and in hand | 54/58 | €10,494 | €20,578 | +€10,084 | +96.1% |
| Total equity and liabilities | 10/49 | €11,007 | €21,075 | +€10,069 | +91.5% |
| Equity | 10/15 | €7,349 | €21,075 | +€13,726 | +186.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,349 | €18,075 | +€13,726 | +315.6% |
| Amounts payable | 17/49 | €3,657 | - | -€3,657 | |
| Amounts payable within one year | 42/48 | €3,657 | - | -€3,657 | |
| Taxes, remuneration and social security | 45 | €3,657 | - | -€3,657 | |
| Taxes | 450/3 | €3,657 | - | -€3,657 | |
| Remuneration, social security and pensions | 62 | €588 | €503 | -€85 | -14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €566 | - | -€566 | |
| Other operating charges | 640/8 | €2,626 | €853 | -€1,773 | -67.5% |
| Gross operating margin | 9900 | €15,169 | €43,483 | +€28,313 | +186.7% |
| Operating profit (loss) | 9901 | €11,389 | €42,126 | +€30,737 | +269.9% |
| Financial charges | 65/66B | €7 | €24,317 | +€24,310 | +354374.6% |
| Recurring financial charges | 65 | €7 | €24,317 | +€24,310 | +354374.6% |
| Profit (loss) for the period before taxes | 9903 | €11,382 | €17,809 | +€6,427 | +56.5% |
| Income taxes | 67/77 | €3,101 | €4,083 | +€982 | +31.7% |
| Profit (loss) for the period | 9904 | €8,281 | €13,726 | +€5,445 | +65.8% |
| Profit (loss) for the period to be appropriated | 9905 | €8,281 | €13,726 | +€5,445 | +65.8% |
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 12 October 2026 via checked.be.