QUALITY WORK PALINCKX: 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.
QUALITY WORK PALINCKX
Largest movements
- Receivables within one year +€3,695
up €3,695 (+14.9%), from €24,832 to €28,527
of which Trade receivables: +€2,785
- Cash -€1,452
down €1,452 (-45.7%), from €3,180 to €1,727
mainly Receivables within one year (-€3,695) and Net result for the year (-€3,492)
- Reserves -€31,025
down €31,025 (-94.3%), from €32,884 to €1,859
of which Distributable reserves: -€31,025
- Profit (loss) carried forward +€27,532
up €27,532 (+36.1%), from -€76,222 to -€48,690
- Trade debts +€2,596
up €2,596 (+249%), from €1,042 to €3,638
- Tax, wage and social debts +€2,004
new in 2025: €2,004
- Other debts +€860
up €860 (+0.9%), from €97,008 to €97,868
- Other operating charges -€2,932
down €2,932 (-81.1%), from €3,615 to €683
- Gross operating margin +€1,873
up €1,873 (+42.3%), from -€4,425 to -€2,552
- Financial charges -€191
down €191 (-87.2%), from €219 to €28
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 | €73,304 | €75,272 | +€1,968 | +2.7% |
| Fixed assets | 21/28 | €546 | €271 | -€275 | -50.3% |
| Tangible fixed assets | 22/27 | €546 | €271 | -€275 | -50.3% |
| Plant, machinery and equipment | 23 | €546 | €271 | -€275 | -50.3% |
| Current assets | 29/58 | €72,757 | €75,000 | +€2,243 | +3.1% |
| Stocks and contracts in progress | 3 | €44,478 | €44,478 | = | 0.0% |
| Stocks | 30/36 | €44,478 | €44,478 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €24,832 | €28,527 | +€3,695 | +14.9% |
| Trade receivables | 40 | €23,284 | €26,069 | +€2,785 | +12.0% |
| Other amounts receivable | 41 | €1,547 | €2,458 | +€911 | +58.8% |
| Cash at bank and in hand | 54/58 | €3,180 | €1,727 | -€1,452 | -45.7% |
| Deferred charges and accrued income | 490/1 | €268 | €268 | = | 0.0% |
| Total equity and liabilities | 10/49 | €73,304 | €75,272 | +€1,968 | +2.7% |
| Equity | 10/15 | -€24,746 | -€28,239 | -€3,492 | -14.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €32,884 | €1,859 | -€31,025 | -94.3% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €31,025 | - | -€31,025 | |
| Profit (loss) carried forward | 14 | -€76,222 | -€48,690 | +€27,532 | +36.1% |
| Amounts payable | 17/49 | €98,050 | €103,510 | +€5,460 | +5.6% |
| Amounts payable within one year | 42/48 | €98,050 | €103,510 | +€5,460 | +5.6% |
| Trade debts | 44 | €1,042 | €3,638 | +€2,596 | +249% |
| Suppliers | 440/4 | €1,042 | €3,638 | +€2,596 | +249% |
| Taxes, remuneration and social security | 45 | - | €2,004 | +€2,004 | |
| Taxes | 450/3 | - | €2,004 | +€2,004 | |
| Other amounts payable | 47/48 | €97,008 | €97,868 | +€860 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €275 | €275 | = | 0.0% |
| Other operating charges | 640/8 | €3,615 | €683 | -€2,932 | -81.1% |
| Gross operating margin | 9900 | -€4,425 | -€2,552 | +€1,873 | +42.3% |
| Operating profit (loss) | 9901 | -€8,315 | -€3,509 | +€4,805 | +57.8% |
| Financial income | 75/76B | €27 | €45 | +€18 | +64.6% |
| Recurring financial income | 75 | €27 | €45 | +€18 | +64.6% |
| Financial charges | 65/66B | €219 | €28 | -€191 | -87.2% |
| Recurring financial charges | 65 | €219 | €28 | -€191 | -87.2% |
| Profit (loss) for the period before taxes | 9903 | -€8,507 | -€3,492 | +€5,014 | +58.9% |
| Profit (loss) for the period | 9904 | -€8,507 | -€3,492 | +€5,014 | +58.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,507 | -€3,492 | +€5,014 | +58.9% |
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 29 October 2026 via checked.be.