HET PARELTJE: 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.
HET PARELTJE
Largest movements
- Tangible fixed assets +€645,164
up €645,164 (+1,884%), from €34,237 to €679,401
of which Land and buildings: +€628,821
- Cash -€155,755
down €155,755 (-91.7%), from €169,914 to €14,159
mainly Investment in fixed assets (net) (-€672,452) and Tax, wage and social debts (-€17,119)
- Receivables within one year -€68,175
down €68,175 (-24.5%), from €278,309 to €210,134
of which Trade receivables: -€153,175
- Debts after one year +€426,310
new in 2025: €426,310
- Tax, wage and social debts -€17,119
down €17,119 (-17.6%), from €97,407 to €80,288
of which Taxes: -€17,027
- Current portion of long-term debt +€16,409
new in 2025: €16,409
- Profit (loss) carried forward -€14,478
down €14,478 (-23.9%), from €60,659 to €46,181
- Trade debts +€11,786
up €11,786 (+22.5%), from €52,294 to €64,080
- Gross operating margin -€40,015
down €40,015 (-9.3%), from €432,350 to €392,334
- Staff costs +€38,759
up €38,759 (+11.9%), from €326,660 to €365,419
- Taxes -€24,793
down €24,793 (-87.8%), from €28,249 to €3,456
- Depreciation +€8,249
up €8,249 (+53.5%), from €15,418 to €23,667
- Financial charges +€5,024
up €5,024 (+871%), from €577 to €5,601
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 | €489,965 | €914,407 | +€424,442 | +86.6% |
| Fixed assets | 21/28 | €40,807 | €689,591 | +€648,784 | +1,590% |
| Tangible fixed assets | 22/27 | €34,237 | €679,401 | +€645,164 | +1,884% |
| Land and buildings | 22 | €9,161 | €637,981 | +€628,821 | +6,864% |
| Plant, machinery and equipment | 23 | €15,116 | €11,133 | -€3,983 | -26.4% |
| Furniture and vehicles | 24 | €9,214 | €29,861 | +€20,647 | +224% |
| Other tangible fixed assets | 26 | €746 | €426 | -€320 | -42.9% |
| Financial fixed assets | 28 | €6,570 | €10,190 | +€3,620 | +55.1% |
| Current assets | 29/58 | €449,158 | €224,815 | -€224,343 | -49.9% |
| Amounts receivable within one year | 40/41 | €278,309 | €210,134 | -€68,175 | -24.5% |
| Trade receivables | 40 | €187,361 | €34,186 | -€153,175 | -81.8% |
| Other amounts receivable | 41 | €90,948 | €175,948 | +€85,000 | +93.5% |
| Cash at bank and in hand | 54/58 | €169,914 | €14,159 | -€155,755 | -91.7% |
| Deferred charges and accrued income | 490/1 | €935 | €523 | -€412 | -44.1% |
| Total equity and liabilities | 10/49 | €489,965 | €914,407 | +€424,442 | +86.6% |
| Equity | 10/15 | €327,162 | €312,684 | -€14,478 | -4.4% |
| Contributions | 10/11 | €18,624 | €18,624 | = | 0.0% |
| Reserves | 13 | €247,879 | €247,879 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,862 | €1,862 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,862 | €1,862 | = | 0.0% |
| Distributable reserves | 133 | €246,016 | €246,016 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,659 | €46,181 | -€14,478 | -23.9% |
| Amounts payable | 17/49 | €162,803 | €601,723 | +€438,920 | +270% |
| Amounts payable after more than one year | 17 | - | €426,310 | +€426,310 | |
| Financial debts | 170/4 | - | €426,310 | +€426,310 | |
| Amounts payable within one year | 42/48 | €162,803 | €175,414 | +€12,610 | +7.7% |
| Current portion of amounts payable after more than one year | 42 | - | €16,409 | +€16,409 | |
| Trade debts | 44 | €52,294 | €64,080 | +€11,786 | +22.5% |
| Suppliers | 440/4 | €52,294 | €64,080 | +€11,786 | +22.5% |
| Taxes, remuneration and social security | 45 | €97,407 | €80,288 | -€17,119 | -17.6% |
| Taxes | 450/3 | €31,562 | €14,536 | -€17,027 | -53.9% |
| Remuneration and social security | 454/9 | €65,845 | €65,753 | -€92 | -0.1% |
| Other amounts payable | 47/48 | €13,102 | €14,636 | +€1,534 | +11.7% |
| Remuneration, social security and pensions | 62 | €326,660 | €365,419 | +€38,759 | +11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,418 | €23,667 | +€8,249 | +53.5% |
| Other operating charges | 640/8 | €7,354 | €9,511 | +€2,156 | +29.3% |
| Gross operating margin | 9900 | €432,350 | €392,334 | -€40,015 | -9.3% |
| Operating profit (loss) | 9901 | €82,917 | -€6,263 | -€89,180 | |
| Financial income | 75/76B | €25 | €841 | +€817 | +3,323% |
| Recurring financial income | 75 | €25 | €841 | +€817 | +3,323% |
| Financial charges | 65/66B | €577 | €5,601 | +€5,024 | +871% |
| Recurring financial charges | 65 | €577 | €5,601 | +€5,024 | +871% |
| Profit (loss) for the period before taxes | 9903 | €82,365 | -€11,022 | -€93,387 | |
| Income taxes | 67/77 | €28,249 | €3,456 | -€24,793 | -87.8% |
| Profit (loss) for the period | 9904 | €54,116 | -€14,478 | -€68,594 | |
| Profit (loss) for the period to be appropriated | 9905 | €54,116 | -€14,478 | -€68,594 |
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.