GB PARO: 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.
GB PARO
Largest movements
- Current investments -€58,000
no longer reported in 2025 (was €58,000)
- Intangible fixed assets -€25,800
down €25,800 (-25.5%), from €101,009 to €75,209
- Cash -€20,345
down €20,345 (-61.8%), from €32,912 to €12,566
mainly Other debts (-€67,406) and Contributions, distributions and other (-€52,315)
- Tangible fixed assets -€4,387
down €4,387 (-46.0%), from €9,531 to €5,144
of which Furniture and vehicles: -€2,401
- Other debts -€67,406
down €67,406 (-53.9%), from €125,152 to €57,746
- Current portion of long-term debt -€23,310
down €23,310 (-58.0%), from €40,201 to €16,891
- Debts after one year -€16,891
no longer reported in 2025 (was €16,891)
- Gross operating margin -€27,969
down €27,969 (-22.0%), from €127,052 to €99,084
- Financial income -€5,409
down €5,409 (-87.8%), from €6,164 to €755
- Taxes -€5,219
down €5,219 (-26.3%), from €19,848 to €14,629
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 | €206,349 | €97,866 | -€108,483 | -52.6% |
| Fixed assets | 21/28 | €110,570 | €80,383 | -€30,187 | -27.3% |
| Intangible fixed assets | 21 | €101,009 | €75,209 | -€25,800 | -25.5% |
| Tangible fixed assets | 22/27 | €9,531 | €5,144 | -€4,387 | -46.0% |
| Plant, machinery and equipment | 23 | €3,424 | €1,602 | -€1,822 | -53.2% |
| Furniture and vehicles | 24 | €4,943 | €2,542 | -€2,401 | -48.6% |
| Other tangible fixed assets | 26 | €1,164 | €1,000 | -€164 | -14.1% |
| Financial fixed assets | 28 | €30 | €30 | = | 0.0% |
| Current assets | 29/58 | €95,779 | €17,483 | -€78,296 | -81.7% |
| Amounts receivable within one year | 40/41 | €3,509 | €2,821 | -€688 | -19.6% |
| Trade receivables | 40 | €1,318 | €2,224 | +€906 | +68.8% |
| Other amounts receivable | 41 | €2,191 | €597 | -€1,594 | -72.8% |
| Current investments | 50/53 | €58,000 | - | -€58,000 | |
| Cash at bank and in hand | 54/58 | €32,912 | €12,566 | -€20,345 | -61.8% |
| Deferred charges and accrued income | 490/1 | €1,358 | €2,095 | +€737 | +54.3% |
| Total equity and liabilities | 10/49 | €206,349 | €97,866 | -€108,483 | -52.6% |
| Equity | 10/15 | €20,460 | €20,460 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Amounts payable | 17/49 | €185,889 | €77,406 | -€108,483 | -58.4% |
| Amounts payable after more than one year | 17 | €16,891 | - | -€16,891 | |
| Financial debts | 170/4 | €16,891 | - | -€16,891 | |
| Amounts payable within one year | 42/48 | €168,997 | €77,406 | -€91,592 | -54.2% |
| Current portion of amounts payable after more than one year | 42 | €40,201 | €16,891 | -€23,310 | -58.0% |
| Trade debts | 44 | €2,152 | €2,768 | +€616 | +28.6% |
| Suppliers | 440/4 | €2,152 | €2,768 | +€616 | +28.6% |
| Taxes, remuneration and social security | 45 | €1,493 | - | -€1,493 | |
| Taxes | 450/3 | €1,493 | - | -€1,493 | |
| Other amounts payable | 47/48 | €125,152 | €57,746 | -€67,406 | -53.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,678 | €31,651 | -€27 | -0.1% |
| Gross operating margin | 9900 | €127,052 | €99,084 | -€27,969 | -22.0% |
| Operating profit (loss) | 9901 | €95,374 | €67,433 | -€27,941 | -29.3% |
| Financial income | 75/76B | €6,164 | €755 | -€5,409 | -87.8% |
| Recurring financial income | 75 | €6,164 | €755 | -€5,409 | -87.8% |
| Financial charges | 65/66B | €1,270 | €1,244 | -€26 | -2.1% |
| Recurring financial charges | 65 | €1,020 | €1,144 | +€124 | +12.1% |
| Non-recurring financial charges | 66B | €250 | €100 | -€150 | -60.0% |
| Profit (loss) for the period before taxes | 9903 | €100,267 | €66,944 | -€33,324 | -33.2% |
| Income taxes | 67/77 | €19,848 | €14,629 | -€5,219 | -26.3% |
| Profit (loss) for the period | 9904 | €80,420 | €52,315 | -€28,105 | -34.9% |
| Profit (loss) for the period to be appropriated | 9905 | €80,420 | €52,315 | -€28,105 | -34.9% |
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 19 October 2026 via checked.be.