JOSEPH PARMENTIER: 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.
JOSEPH PARMENTIER
Largest movements
- Tangible fixed assets +€327,941
up €327,941 (+216%), from €151,745 to €479,686
of which Land and buildings: +€350,673
- Receivables within one year -€25,380
down €25,380 (-52.3%), from €48,486 to €23,106
of which Trade receivables: -€29,224
- Cash -€9,807
down €9,807 (-8.9%), from €109,995 to €100,188
mainly Investment in fixed assets (net) (-€358,174) and Tax, wage and social debts (-€27,437)
- Debts after one year +€307,551
up €307,551 (+676%), from €45,500 to €353,051
- Profit (loss) carried forward +€28,533
up €28,533 (+13.6%), from €210,575 to €239,108
- Tax, wage and social debts -€27,437
down €27,437 (-69.5%), from €39,465 to €12,028
of which Taxes: -€26,453
- Accrued charges and deferred income -€14,536
down €14,536 (-63.7%), from €22,823 to €8,287
- Trade debts +€13,418
up €13,418 (+116%), from €11,538 to €24,956
- Gross operating margin +€18,461
up €18,461 (+5.7%), from €322,582 to €341,043
- Other operating charges -€11,197
down €11,197 (-84.5%), from €13,248 to €2,051
- Depreciation +€9,019
up €9,019 (+42.5%), from €21,214 to €30,233
- Financial charges +€4,065
up €4,065 (+64.2%), from €6,336 to €10,401
- Staff costs +€3,825
up €3,825 (+1.4%), from €272,542 to €276,367
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 | €379,206 | €676,238 | +€297,032 | +78.3% |
| Fixed assets | 21/28 | €151,745 | €479,686 | +€327,941 | +216% |
| Tangible fixed assets | 22/27 | €151,745 | €479,686 | +€327,941 | +216% |
| Land and buildings | 22 | €80,000 | €430,673 | +€350,673 | +438% |
| Plant, machinery and equipment | 23 | €13,823 | €9,181 | -€4,642 | -33.6% |
| Furniture and vehicles | 24 | €42,899 | €30,421 | -€12,478 | -29.1% |
| Leasing and similar rights | 25 | €15,023 | €9,411 | -€5,612 | -37.4% |
| Current assets | 29/58 | €227,461 | €196,552 | -€30,909 | -13.6% |
| Stocks and contracts in progress | 3 | €64,544 | €70,199 | +€5,655 | +8.8% |
| Stocks | 30/36 | €64,544 | €70,199 | +€5,655 | +8.8% |
| Amounts receivable within one year | 40/41 | €48,486 | €23,106 | -€25,380 | -52.3% |
| Trade receivables | 40 | €41,735 | €12,511 | -€29,224 | -70.0% |
| Other amounts receivable | 41 | €6,751 | €10,595 | +€3,844 | +56.9% |
| Cash at bank and in hand | 54/58 | €109,995 | €100,188 | -€9,807 | -8.9% |
| Deferred charges and accrued income | 490/1 | €4,436 | €3,059 | -€1,377 | -31.0% |
| Total equity and liabilities | 10/49 | €379,206 | €676,238 | +€297,032 | +78.3% |
| Equity | 10/15 | €232,575 | €261,108 | +€28,533 | +12.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €210,575 | €239,108 | +€28,533 | +13.6% |
| Amounts payable | 17/49 | €146,631 | €415,130 | +€268,499 | +183% |
| Amounts payable after more than one year | 17 | €45,500 | €353,051 | +€307,551 | +676% |
| Financial debts | 170/4 | €45,500 | €353,051 | +€307,551 | +676% |
| Amounts payable within one year | 42/48 | €78,308 | €53,792 | -€24,516 | -31.3% |
| Current portion of amounts payable after more than one year | 42 | €24,280 | €16,808 | -€7,472 | -30.8% |
| Trade debts | 44 | €11,538 | €24,956 | +€13,418 | +116% |
| Suppliers | 440/4 | €11,538 | €24,956 | +€13,418 | +116% |
| Taxes, remuneration and social security | 45 | €39,465 | €12,028 | -€27,437 | -69.5% |
| Taxes | 450/3 | €29,991 | €3,538 | -€26,453 | -88.2% |
| Remuneration and social security | 454/9 | €9,474 | €8,490 | -€984 | -10.4% |
| Other amounts payable | 47/48 | €3,025 | - | -€3,025 | |
| Accrued charges and deferred income | 492/3 | €22,823 | €8,287 | -€14,536 | -63.7% |
| Non-recurring operating income | 76A | - | €2,893 | +€2,893 | |
| Remuneration, social security and pensions | 62 | €272,542 | €276,367 | +€3,825 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,214 | €30,233 | +€9,019 | +42.5% |
| Other operating charges | 640/8 | €13,248 | €2,051 | -€11,197 | -84.5% |
| Gross operating margin | 9900 | €322,582 | €341,043 | +€18,461 | +5.7% |
| Operating profit (loss) | 9901 | €15,578 | €32,392 | +€16,814 | +108% |
| Financial income | 75/76B | €7,379 | €9,396 | +€2,017 | +27.3% |
| Recurring financial income | 75 | €7,379 | €9,396 | +€2,017 | +27.3% |
| Financial charges | 65/66B | €6,336 | €10,401 | +€4,065 | +64.2% |
| Recurring financial charges | 65 | €6,336 | €10,401 | +€4,065 | +64.2% |
| Profit (loss) for the period before taxes | 9903 | €16,621 | €31,387 | +€14,766 | +88.8% |
| Income taxes | 67/77 | €5,933 | €2,854 | -€3,079 | -51.9% |
| Profit (loss) for the period | 9904 | €10,688 | €28,533 | +€17,845 | +167% |
| Profit (loss) for the period to be appropriated | 9905 | €10,688 | €28,533 | +€17,845 | +167% |
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 1 November 2026 via checked.be.