PAR HAZARD: 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.
PAR HAZARD
Largest movements
- Cash -€33,641
down €33,641 (-30.8%), from €109,057 to €75,416
mainly Contributions, distributions and other (-€143,745) and Receivables within one year (-€654)
- Tangible fixed assets -€1,910
down €1,910 (-26.8%), from €7,118 to €5,209
of which Furniture and vehicles: -€980
- Reserves -€55,745
down €55,745 (-73.3%), from €76,102 to €20,357
- Other debts +€16,778
up €16,778 (+23.5%), from €71,500 to €88,278
- Tax, wage and social debts +€4,946
up €4,946 (+40.5%), from €12,204 to €17,150
- Gross operating margin +€21,187
up €21,187 (+22.2%), from €95,398 to €116,585
- Taxes +€4,892
up €4,892 (+25.7%), from €19,009 to €23,902
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 | €165,660 | €131,254 | -€34,406 | -20.8% |
| Fixed assets | 21/28 | €7,118 | €5,209 | -€1,910 | -26.8% |
| Tangible fixed assets | 22/27 | €7,118 | €5,209 | -€1,910 | -26.8% |
| Plant, machinery and equipment | 23 | €881 | €666 | -€216 | -24.5% |
| Furniture and vehicles | 24 | €3,720 | €2,740 | -€980 | -26.3% |
| Other tangible fixed assets | 26 | €2,517 | €1,803 | -€714 | -28.4% |
| Current assets | 29/58 | €158,542 | €126,045 | -€32,496 | -20.5% |
| Amounts receivable within one year | 40/41 | €47,453 | €48,107 | +€654 | +1.4% |
| Trade receivables | 40 | €42,492 | €48,107 | +€5,615 | +13.2% |
| Other amounts receivable | 41 | €4,961 | €0 | -€4,961 | -100.0% |
| Cash at bank and in hand | 54/58 | €109,057 | €75,416 | -€33,641 | -30.8% |
| Deferred charges and accrued income | 490/1 | €2,032 | €2,522 | +€490 | +24.1% |
| Total equity and liabilities | 10/49 | €165,660 | €131,254 | -€34,406 | -20.8% |
| Equity | 10/15 | €78,795 | €22,968 | -€55,827 | -70.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €76,102 | €20,357 | -€55,745 | -73.3% |
| Distributable reserves | 133 | €76,102 | €20,357 | -€55,745 | -73.3% |
| Profit (loss) carried forward | 14 | €193 | €111 | -€82 | -42.5% |
| Amounts payable | 17/49 | €86,865 | €108,286 | +€21,421 | +24.7% |
| Amounts payable within one year | 42/48 | €86,585 | €108,286 | +€21,701 | +25.1% |
| Trade debts | 44 | €2,880 | €2,858 | -€23 | -0.8% |
| Suppliers | 440/4 | €2,880 | €2,858 | -€23 | -0.8% |
| Taxes, remuneration and social security | 45 | €12,204 | €17,150 | +€4,946 | +40.5% |
| Taxes | 450/3 | €12,204 | €17,150 | +€4,946 | +40.5% |
| Other amounts payable | 47/48 | €71,500 | €88,278 | +€16,778 | +23.5% |
| Accrued charges and deferred income | 492/3 | €281 | €0 | -€281 | -100.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,811 | €1,910 | +€99 | +5.5% |
| Other operating charges | 640/8 | €1,072 | €933 | -€139 | -13.0% |
| Gross operating margin | 9900 | €95,398 | €116,585 | +€21,187 | +22.2% |
| Operating profit (loss) | 9901 | €92,515 | €113,742 | +€21,227 | +22.9% |
| Financial income | 75/76B | €232 | €271 | +€39 | +16.8% |
| Recurring financial income | 75 | €232 | €271 | +€39 | +16.8% |
| Financial charges | 65/66B | €2,503 | €2,194 | -€309 | -12.3% |
| Recurring financial charges | 65 | €2,503 | €2,194 | -€309 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | €90,244 | €111,819 | +€21,575 | +23.9% |
| Income taxes | 67/77 | €19,009 | €23,902 | +€4,892 | +25.7% |
| Profit (loss) for the period | 9904 | €71,235 | €87,918 | +€16,683 | +23.4% |
| Profit (loss) for the period to be appropriated | 9905 | €71,235 | €87,918 | +€16,683 | +23.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.