Electronic PARGA: 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.
Electronic PARGA
Largest movements
- Cash -€66,969
down €66,969 (-28.3%), from €236,565 to €169,596
mainly Contributions, distributions and other (-€238,766) and Debts after one year (-€41,121)
- Receivables within one year +€17,199
up €17,199 (+14.9%), from €115,729 to €132,929
of which Trade receivables: +€26,243
- Contributions -€238,766
down €238,766 (-88.9%), from €268,513 to €29,747
- Other debts +€229,324
new in 2025: €229,324
- Debts after one year -€41,121
down €41,121 (-13.2%), from €311,769 to €270,647
- Reserves +€26,154
up €26,154 (+4.9%), from €532,914 to €559,068
of which Distributable reserves: +€26,154
- Trade debts -€14,668
down €14,668 (-23.7%), from €61,818 to €47,151
- Turnover -€1.4m
no longer reported in 2025 (was €1.4m)
- Purchases and services -€1.3m
no longer reported in 2025 (was €1.3m)
- Gross operating margin -€41,167
down €41,167 (-26.7%), from €154,408 to €113,241
- Depreciation -€38,128
down €38,128 (-47.4%), from €80,469 to €42,341
- Staff costs -€34,137
down €34,137 (-76.0%), from €44,929 to €10,792
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 | €1,236,067 | €1,190,310 | -€45,756 | -3.7% |
| Fixed assets | 21/28 | €459,628 | €457,287 | -€2,341 | -0.5% |
| Tangible fixed assets | 22/27 | €457,120 | €454,779 | -€2,341 | -0.5% |
| Land and buildings | 22 | €452,410 | €453,837 | +€1,427 | +0.3% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €4,711 | €942 | -€3,768 | -80.0% |
| Financial fixed assets | 28 | €2,508 | €2,508 | = | 0.0% |
| Current assets | 29/58 | €776,439 | €733,024 | -€43,415 | -5.6% |
| Stocks and contracts in progress | 3 | €424,145 | €430,500 | +€6,355 | +1.5% |
| Stocks | 30/36 | €424,145 | €430,500 | +€6,355 | +1.5% |
| Amounts receivable within one year | 40/41 | €115,729 | €132,929 | +€17,199 | +14.9% |
| Trade receivables | 40 | €80,699 | €106,942 | +€26,243 | +32.5% |
| Other amounts receivable | 41 | €35,030 | €25,987 | -€9,044 | -25.8% |
| Cash at bank and in hand | 54/58 | €236,565 | €169,596 | -€66,969 | -28.3% |
| Total equity and liabilities | 10/49 | €1,236,067 | €1,190,310 | -€45,756 | -3.7% |
| Equity | 10/15 | €801,427 | €588,815 | -€212,612 | -26.5% |
| Contributions | 10/11 | €268,513 | €29,747 | -€238,766 | -88.9% |
| Reserves | 13 | €532,914 | €559,068 | +€26,154 | +4.9% |
| Non-distributable reserves | 130/1 | €2,975 | €2,975 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,975 | €2,975 | = | 0.0% |
| Tax-exempt reserves | 132 | €23,929 | €23,929 | = | 0.0% |
| Distributable reserves | 133 | €506,010 | €532,164 | +€26,154 | +5.2% |
| Amounts payable | 17/49 | €434,640 | €601,496 | +€166,856 | +38.4% |
| Amounts payable after more than one year | 17 | €311,769 | €270,647 | -€41,121 | -13.2% |
| Financial debts | 170/4 | €311,769 | €270,647 | -€41,121 | -13.2% |
| Amounts payable within one year | 42/48 | €122,871 | €330,848 | +€207,977 | +169.3% |
| Current portion of amounts payable after more than one year | 42 | €41,293 | €41,121 | -€172 | -0.4% |
| Trade debts | 44 | €61,818 | €47,151 | -€14,668 | -23.7% |
| Suppliers | 440/4 | €61,818 | €47,151 | -€14,668 | -23.7% |
| Taxes, remuneration and social security | 45 | €19,759 | €13,252 | -€6,507 | -32.9% |
| Taxes | 450/3 | €14,361 | €10,659 | -€3,703 | -25.8% |
| Remuneration and social security | 454/9 | €5,398 | €2,593 | -€2,804 | -52.0% |
| Other amounts payable | 47/48 | - | €229,324 | +€229,324 | |
| Turnover | 70 | €1,371,474 | - | -€1.4m | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,258,058 | - | -€1.3m | |
| Remuneration, social security and pensions | 62 | €44,929 | €10,792 | -€34,137 | -76.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,469 | €42,341 | -€38,128 | -47.4% |
| Other operating charges | 640/8 | €12,641 | €12,720 | +€79 | +0.6% |
| Non-recurring operating charges | 66A | - | €0 | = | |
| Gross operating margin | 9900 | €154,408 | €113,241 | -€41,167 | -26.7% |
| Operating profit (loss) | 9901 | €16,369 | €47,387 | +€31,018 | +189.5% |
| Financial income | 75/76B | - | €972 | +€972 | |
| Recurring financial income | 75 | - | €972 | +€972 | |
| Financial charges | 65/66B | €14,065 | €12,192 | -€1,873 | -13.3% |
| Recurring financial charges | 65 | €14,065 | €12,192 | -€1,873 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | €2,305 | €36,167 | +€33,863 | +1469.4% |
| Income taxes | 67/77 | €970 | €10,013 | +€9,043 | +932.4% |
| Profit (loss) for the period | 9904 | €1,335 | €26,154 | +€24,819 | +1859.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,335 | €26,154 | +€24,819 | +1859.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.