The Walking Palm Tree: 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.
The Walking Palm Tree
Largest movements
- Receivables within one year +€15,256
up €15,256 (+136%), from €11,189 to €26,444
of which Other amounts receivable: +€9,982
- Cash -€10,286
down €10,286 (-78.5%), from €13,100 to €2,814
mainly Receivables within one year (-€15,256) and Contributions, distributions and other (-€15,000)
- Tangible fixed assets +€7,827
up €7,827 (+34.7%), from €22,546 to €30,372
of which Furniture and vehicles: +€4,716
- Other debts +€13,996
up €13,996 (+1,394%), from €1,004 to €15,000
- Trade debts +€4,452
up €4,452 (+468%), from €952 to €5,404
- Reserves -€2,891
down €2,891 (-23.7%), from €12,213 to €9,322
- Tax, wage and social debts -€2,290
down €2,290 (-52.7%), from €4,346 to €2,056
- Gross operating margin +€23,574
up €23,574, from -€2,901 to €20,673
- Taxes +€4,311
up €4,311, from -€3 to €4,308
- Depreciation +€1,435
up €1,435 (+50.5%), from €2,839 to €4,274
- Other operating charges +€370
up €370 (+133%), from €278 to €648
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 | €96,838 | €109,955 | +€13,116 | +13.5% |
| Fixed assets | 21/28 | €22,546 | €30,372 | +€7,827 | +34.7% |
| Tangible fixed assets | 22/27 | €22,546 | €30,372 | +€7,827 | +34.7% |
| Furniture and vehicles | 24 | - | €4,716 | +€4,716 | |
| Other tangible fixed assets | 26 | €22,546 | €25,656 | +€3,111 | +13.8% |
| Current assets | 29/58 | €74,293 | €79,582 | +€5,290 | +7.1% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €11,189 | €26,444 | +€15,256 | +136% |
| Trade receivables | 40 | €8,689 | €13,963 | +€5,274 | +60.7% |
| Other amounts receivable | 41 | €2,500 | €12,482 | +€9,982 | +399% |
| Cash at bank and in hand | 54/58 | €13,100 | €2,814 | -€10,286 | -78.5% |
| Deferred charges and accrued income | 490/1 | €4 | €323 | +€319 | +7,987% |
| Total equity and liabilities | 10/49 | €96,838 | €109,955 | +€13,116 | +13.5% |
| Equity | 10/15 | €14,073 | €11,182 | -€2,891 | -20.5% |
| Contributions | 10/11 | €1,860 | €1,860 | = | 0.0% |
| Reserves | 13 | €12,213 | €9,322 | -€2,891 | -23.7% |
| Distributable reserves | 133 | €12,213 | €9,322 | -€2,891 | -23.7% |
| Amounts payable | 17/49 | €82,765 | €98,772 | +€16,008 | +19.3% |
| Amounts payable after more than one year | 17 | €75,000 | €75,000 | = | 0.0% |
| Other amounts payable | 178/9 | €75,000 | €75,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €6,452 | €22,460 | +€16,008 | +248% |
| Trade debts | 44 | €952 | €5,404 | +€4,452 | +468% |
| Suppliers | 440/4 | €952 | €5,404 | +€4,452 | +468% |
| Advances received on contracts in progress | 46 | €151 | - | -€151 | |
| Taxes, remuneration and social security | 45 | €4,346 | €2,056 | -€2,290 | -52.7% |
| Taxes | 450/3 | €4,346 | €2,056 | -€2,290 | -52.7% |
| Other amounts payable | 47/48 | €1,004 | €15,000 | +€13,996 | +1,394% |
| Accrued charges and deferred income | 492/3 | €1,313 | €1,313 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,839 | €4,274 | +€1,435 | +50.5% |
| Other operating charges | 640/8 | €278 | €648 | +€370 | +133% |
| Gross operating margin | 9900 | -€2,901 | €20,673 | +€23,574 | |
| Operating profit (loss) | 9901 | -€6,018 | €15,750 | +€21,768 | |
| Financial income | 75/76B | €1,880 | €2,059 | +€179 | +9.5% |
| Recurring financial income | 75 | €1,880 | €2,059 | +€179 | +9.5% |
| Financial charges | 65/66B | €1,453 | €1,392 | -€62 | -4.2% |
| Recurring financial charges | 65 | €1,453 | €1,392 | -€62 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | -€5,592 | €16,417 | +€22,009 | |
| Income taxes | 67/77 | -€3 | €4,308 | +€4,311 | |
| Profit (loss) for the period | 9904 | -€5,589 | €12,109 | +€17,698 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,589 | €12,109 | +€17,698 |
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 31 October 2026 via checked.be.