DI PARDO: 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.
DI PARDO
Largest movements
- Current investments +€232,600
up €232,600 (+66.4%), from €350,536 to €583,136
- Stocks and contracts -€23,729
no longer reported in 2025 (was €23,729)
- Cash +€22,962
up €22,962 (+2,282%), from €1,006 to €23,968
mainly Net result for the year (+€167,884) and Other debts (+€94,281)
- Other debts +€94,281
up €94,281 (+52.9%), from €178,099 to €272,380
- Tax, wage and social debts +€69,483
up €69,483 (+181%), from €38,431 to €107,914
- Reserves +€68,721
up €68,721 (+50.5%), from €136,199 to €204,921
of which Distributable reserves: +€68,721
- Financial income +€202,547
up €202,547 (+169%), from €120,078 to €322,626
- Taxes +€71,603
up €71,603 (+475%), from €15,071 to €86,674
- Gross operating margin +€8,428
up €8,428 (+11.9%), from -€70,793 to -€62,365
- Depreciation -€3,950
down €3,950 (-50.0%), from €7,900 to €3,950
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 | €407,317 | €635,544 | +€228,227 | +56.0% |
| Fixed assets | 21/28 | €3,950 | €0 | -€3,950 | -100.0% |
| Tangible fixed assets | 22/27 | €3,950 | €0 | -€3,950 | -100.0% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | 0.0% |
| Furniture and vehicles | 24 | €3,950 | - | -€3,950 | |
| Current assets | 29/58 | €403,367 | €635,544 | +€232,177 | +57.6% |
| Amounts receivable after more than one year | 29 | €25,000 | €25,000 | = | 0.0% |
| Trade receivables | 290 | €25,000 | €25,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €23,729 | - | -€23,729 | |
| Stocks | 30/36 | €23,729 | - | -€23,729 | |
| Amounts receivable within one year | 40/41 | €1,625 | €1,643 | +€18 | +1.1% |
| Other amounts receivable | 41 | €1,625 | €1,643 | +€18 | +1.1% |
| Current investments | 50/53 | €350,536 | €583,136 | +€232,600 | +66.4% |
| Cash at bank and in hand | 54/58 | €1,006 | €23,968 | +€22,962 | +2,282% |
| Deferred charges and accrued income | 490/1 | €1,471 | €1,798 | +€327 | +22.2% |
| Total equity and liabilities | 10/49 | €407,317 | €635,544 | +€228,227 | +56.0% |
| Equity | 10/15 | €185,008 | €253,729 | +€68,721 | +37.1% |
| Contributions | 10/11 | €48,808 | €48,808 | = | 0.0% |
| Reserves | 13 | €136,199 | €204,921 | +€68,721 | +50.5% |
| Non-distributable reserves | 130/1 | €4,881 | €4,881 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,881 | €4,881 | = | 0.0% |
| Distributable reserves | 133 | €131,319 | €200,040 | +€68,721 | +52.3% |
| Amounts payable | 17/49 | €222,310 | €381,815 | +€159,506 | +71.7% |
| Amounts payable within one year | 42/48 | €222,310 | €381,815 | +€159,506 | +71.7% |
| Trade debts | 44 | €5,780 | €1,522 | -€4,259 | -73.7% |
| Suppliers | 440/4 | €5,780 | €1,522 | -€4,259 | -73.7% |
| Taxes, remuneration and social security | 45 | €38,431 | €107,914 | +€69,483 | +181% |
| Taxes | 450/3 | €38,431 | €107,914 | +€69,483 | +181% |
| Other amounts payable | 47/48 | €178,099 | €272,380 | +€94,281 | +52.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,900 | €3,950 | -€3,950 | -50.0% |
| Other operating charges | 640/8 | €1,725 | €1,395 | -€329 | -19.1% |
| Gross operating margin | 9900 | -€70,793 | -€62,365 | +€8,428 | +11.9% |
| Operating profit (loss) | 9901 | -€80,418 | -€67,710 | +€12,707 | +15.8% |
| Financial income | 75/76B | €120,078 | €322,626 | +€202,547 | +169% |
| Recurring financial income | 75 | €120,078 | €322,626 | +€202,547 | +169% |
| Financial charges | 65/66B | €890 | €357 | -€533 | -59.9% |
| Recurring financial charges | 65 | €890 | €357 | -€533 | -59.9% |
| Profit (loss) for the period before taxes | 9903 | €38,770 | €254,559 | +€215,788 | +557% |
| Income taxes | 67/77 | €15,071 | €86,674 | +€71,603 | +475% |
| Profit (loss) for the period | 9904 | €23,700 | €167,884 | +€144,185 | +608% |
| Profit (loss) for the period to be appropriated | 9905 | €23,700 | €167,884 | +€144,185 | +608% |
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 27 October 2026 via checked.be.