PAR-ISI: 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.
PAR-ISI
Largest movements
- Tangible fixed assets -€2,284
down €2,284 (-44.3%), from €5,158 to €2,874
of which Furniture and vehicles: -€2,218
- Deferred charges and accrued income -€108
no longer reported in 2025 (was €108)
- Stocks and contracts -€69
down €69 (-27.1%), from €255 to €186
- Other debts -€8,299
down €8,299 (-20.7%), from €40,020 to €31,721
- Profit (loss) carried forward +€3,038
up €3,038 (+7.2%), from -€42,460 to -€39,422
- Trade debts +€2,251
up €2,251 (+92.9%), from €2,423 to €4,674
- Short-term financial debts +€684
up €684 (+13.8%), from €4,976 to €5,660
- Tax, wage and social debts -€136
down €136 (-28.9%), from €469 to €334
- Gross operating margin -€3,399
down €3,399 (-32.9%), from €10,340 to €6,941
- Depreciation -€340
down €340 (-12.9%), from €2,623 to €2,284
- Financial charges +€212
up €212 (+15.8%), from €1,346 to €1,558
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,521 | €3,060 | -€2,461 | -44.6% |
| Fixed assets | 21/28 | €5,158 | €2,874 | -€2,284 | -44.3% |
| Tangible fixed assets | 22/27 | €5,158 | €2,874 | -€2,284 | -44.3% |
| Plant, machinery and equipment | 23 | €66 | - | -€66 | |
| Furniture and vehicles | 24 | €5,092 | €2,874 | -€2,218 | -43.6% |
| Current assets | 29/58 | €363 | €186 | -€178 | -48.9% |
| Stocks and contracts in progress | 3 | €255 | €186 | -€69 | -27.1% |
| Stocks | 30/36 | €255 | €186 | -€69 | -27.1% |
| Deferred charges and accrued income | 490/1 | €108 | - | -€108 | |
| Total equity and liabilities | 10/49 | €5,521 | €3,060 | -€2,461 | -44.6% |
| Equity | 10/15 | -€42,366 | -€39,329 | +€3,038 | +7.2% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €92 | €92 | = | 0.0% |
| Distributable reserves | 133 | €92 | €92 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€42,460 | -€39,422 | +€3,038 | +7.2% |
| Amounts payable | 17/49 | €47,887 | €42,388 | -€5,499 | -11.5% |
| Amounts payable within one year | 42/48 | €47,887 | €42,388 | -€5,499 | -11.5% |
| Financial debts | 43 | €4,976 | €5,660 | +€684 | +13.8% |
| Credit institutions | 430/8 | €4,976 | €5,660 | +€684 | +13.8% |
| Trade debts | 44 | €2,423 | €4,674 | +€2,251 | +92.9% |
| Suppliers | 440/4 | €2,423 | €4,674 | +€2,251 | +92.9% |
| Taxes, remuneration and social security | 45 | €469 | €334 | -€136 | -28.9% |
| Taxes | 450/3 | €469 | €334 | -€136 | -28.9% |
| Other amounts payable | 47/48 | €40,020 | €31,721 | -€8,299 | -20.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,623 | €2,284 | -€340 | -12.9% |
| Other operating charges | 640/8 | €139 | €62 | -€77 | -55.5% |
| Gross operating margin | 9900 | €10,340 | €6,941 | -€3,399 | -32.9% |
| Operating profit (loss) | 9901 | €7,578 | €4,596 | -€2,982 | -39.4% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €1,346 | €1,558 | +€212 | +15.8% |
| Recurring financial charges | 65 | €1,346 | €1,558 | +€212 | +15.8% |
| Profit (loss) for the period before taxes | 9903 | €6,232 | €3,038 | -€3,194 | -51.3% |
| Profit (loss) for the period | 9904 | €6,232 | €3,038 | -€3,194 | -51.3% |
| Profit (loss) for the period to be appropriated | 9905 | €6,232 | €3,038 | -€3,194 | -51.3% |
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 14 October 2026 via checked.be.