P. PARANT: 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.
P. PARANT
Largest movements
- Tangible fixed assets -€26,095
down €26,095 (-5.8%), from €447,852 to €421,757
of which Land and buildings: -€20,089
- Cash +€6,598
up €6,598 (+10.3%), from €64,200 to €70,798
mainly Other debts (+€45,000) and Depreciation (+€32,971)
- Other debts +€45,000
new in 2025: €45,000
- Reserves -€40,820
down €40,820 (-32.1%), from €127,125 to €86,305
of which Distributable reserves: -€38,800
- Debts after one year -€22,119
down €22,119 (-5.2%), from €426,464 to €404,345
- Gross operating margin -€13,149
down €13,149 (-20.0%), from €65,662 to €52,513
- Taxes -€2,422
down €2,422 (-33.3%), from €7,276 to €4,854
- Depreciation +€1,150
up €1,150 (+3.6%), from €31,820 to €32,971
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 | €559,880 | €540,487 | -€19,393 | -3.5% |
| Fixed assets | 21/28 | €447,902 | €421,807 | -€26,095 | -5.8% |
| Tangible fixed assets | 22/27 | €447,852 | €421,757 | -€26,095 | -5.8% |
| Land and buildings | 22 | €429,396 | €409,306 | -€20,089 | -4.7% |
| Furniture and vehicles | 24 | €18,456 | €12,450 | -€6,006 | -32.5% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €111,978 | €118,680 | +€6,702 | +6.0% |
| Amounts receivable within one year | 40/41 | €45,063 | €43,795 | -€1,267 | -2.8% |
| Trade receivables | 40 | €36,953 | €30,434 | -€6,519 | -17.6% |
| Other amounts receivable | 41 | €8,110 | €13,361 | +€5,252 | +64.8% |
| Cash at bank and in hand | 54/58 | €64,200 | €70,798 | +€6,598 | +10.3% |
| Deferred charges and accrued income | 490/1 | €2,715 | €4,087 | +€1,372 | +50.5% |
| Total equity and liabilities | 10/49 | €559,880 | €540,487 | -€19,393 | -3.5% |
| Equity | 10/15 | €75,427 | €34,667 | -€40,760 | -54.0% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €127,125 | €86,305 | -€40,820 | -32.1% |
| Non-distributable reserves | 130/1 | €209 | €209 | = | 0.0% |
| Reserves not available under the articles | 1311 | €209 | €209 | = | 0.0% |
| Tax-exempt reserves | 132 | €68,915 | €66,895 | -€2,020 | -2.9% |
| Distributable reserves | 133 | €58,000 | €19,200 | -€38,800 | -66.9% |
| Profit (loss) carried forward | 14 | -€57,895 | -€57,835 | +€60 | +0.1% |
| Provisions and deferred taxes | 16 | €26,046 | €25,006 | -€1,040 | -4.0% |
| Deferred taxes | 168 | €26,046 | €25,006 | -€1,040 | -4.0% |
| Amounts payable | 17/49 | €458,407 | €480,814 | +€22,407 | +4.9% |
| Amounts payable after more than one year | 17 | €426,464 | €404,345 | -€22,119 | -5.2% |
| Financial debts | 170/4 | €426,464 | €404,345 | -€22,119 | -5.2% |
| Amounts payable within one year | 42/48 | €30,472 | €74,278 | +€43,806 | +144% |
| Current portion of amounts payable after more than one year | 42 | €24,099 | €22,119 | -€1,980 | -8.2% |
| Trade debts | 44 | €2,812 | €4,884 | +€2,072 | +73.7% |
| Suppliers | 440/4 | €2,812 | €4,884 | +€2,072 | +73.7% |
| Taxes, remuneration and social security | 45 | €3,560 | €2,275 | -€1,285 | -36.1% |
| Taxes | 450/3 | €3,560 | €2,275 | -€1,285 | -36.1% |
| Other amounts payable | 47/48 | - | €45,000 | +€45,000 | |
| Accrued charges and deferred income | 492/3 | €1,472 | €2,191 | +€719 | +48.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,820 | €32,971 | +€1,150 | +3.6% |
| Other operating charges | 640/8 | €3,467 | €3,436 | -€31 | -0.9% |
| Non-recurring operating charges | 66A | €3,599 | - | -€3,599 | |
| Gross operating margin | 9900 | €65,662 | €52,513 | -€13,149 | -20.0% |
| Operating profit (loss) | 9901 | €26,776 | €16,106 | -€10,671 | -39.9% |
| Financial income | 75/76B | €777 | €1,033 | +€256 | +32.9% |
| Recurring financial income | 75 | €777 | €1,033 | +€256 | +32.9% |
| Financial charges | 65/66B | €9,507 | €9,085 | -€422 | -4.4% |
| Recurring financial charges | 65 | €9,507 | €9,085 | -€422 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | €18,046 | €8,054 | -€9,992 | -55.4% |
| Transfer from deferred taxes | 780 | €1,040 | €1,040 | = | 0.0% |
| Income taxes | 67/77 | €7,276 | €4,854 | -€2,422 | -33.3% |
| Profit (loss) for the period | 9904 | €11,810 | €4,240 | -€7,570 | -64.1% |
| Transfer from tax-exempt reserves | 789 | €2,020 | €2,020 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €13,830 | €6,260 | -€7,570 | -54.7% |
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 20 October 2026 via checked.be.