PAR Projects: 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.
What changed
PAR Projects
NACE 70.200, Business and other management consultancy
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€350,788
2023 · -€34,947+€385,734
Equity
€1.8m
2023 · €1.4m+€350,788
Cash
€23,538
2023 · €19,513+€4,025
Balance sheet total
€3.0m
2023 · €3.7m-€674,677
Largest movements
Assets
- Tangible fixed assets -€1.2m
down €1.2m (-99.2%), from €1.2m to €8,946
of which Land and buildings: -€1.1m
- Receivables within one year +€499,279
up €499,279 (+64.6%), from €773,145 to €1.3m
of which Other amounts receivable: +€523,029
Equity and liabilities
- Debts after one year -€1.2m
down €1.2m (-92.7%), from €1.3m to €95,416
- Reserves +€349,166
up €349,166 (+24.5%), from €1.4m to €1.8m
of which Tax-exempt reserves: +€349,166
- Short-term financial debts -€297,962
down €297,962 (-91.3%), from €326,448 to €28,486
- Trade debts +€293,577
up €293,577 (+331.6%), from €88,545 to €382,122
- Other debts +€169,958
up €169,958, from €0 to €169,958
Income statement
- Gross operating margin +€365,924
up €365,924 (+334.8%), from €109,312 to €475,236
- Depreciation -€49,508
down €49,508 (-96.9%), from €51,115 to €1,607
- Financial charges +€25,049
up €25,049 (+49.6%), from €50,547 to €75,597
- Financial income +€19,376
up €19,376 (+157.3%), from €12,317 to €31,693
From the 2023 result to the 2024 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.
Result 2023
-€34,947
Gross operating margin
+€365,924
Depreciation
+€49,508
Other operating charges
+€1,448
Other operating items
+€47,046
Financial income
+€19,376
Financial charges
-€25,049
Taxes
-€4,376
Deferred taxes and other
-€68,143
Result 2024
€350,788
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€383,046
Investment
+€1.2m
Financing
-€1.6m
Cash 2023
€19,513
From operations (derived)
+€383,046
Net result for the year
+€350,788
Depreciation
+€1,607
Receivables within one year
-€499,279
Deferred charges and accrued income
+€4,608
Provisions
+€61,330
Trade debts
+€293,577
Tax, wage and social debts
+€457
Other debts
+€169,958
Investment (derived)
+€1.2m
Investment in fixed assets (net)
+€1.2m
Financing
-€1.6m
Debts after one year
-€1.2m
Current portion of long-term debt
-€48,483
Short-term financial debts
-€297,962
Cash 2024
€23,538
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,657,933 | €2,983,256 | -€674,677 | -18.4% |
| Fixed assets | 21/28 | €2,860,304 | €1,686,932 | -€1.2m | -41.0% |
| Tangible fixed assets | 22/27 | €1,182,318 | €8,946 | -€1.2m | -99.2% |
| Land and buildings | 22 | €1,132,050 | €0 | -€1.1m | -100.0% |
| Furniture and vehicles | 24 | €4,482 | €8,946 | +€4,464 | +99.6% |
| Other tangible fixed assets | 26 | €45,786 | €0 | -€45,786 | -100.0% |
| Financial fixed assets | 28 | €1,677,986 | €1,677,986 | = | 0.0% |
| Current assets | 29/58 | €797,628 | €1,296,324 | +€498,696 | +62.5% |
| Amounts receivable within one year | 40/41 | €773,145 | €1,272,424 | +€499,279 | +64.6% |
| Trade receivables | 40 | €52,982 | €29,233 | -€23,749 | -44.8% |
| Other amounts receivable | 41 | €720,163 | €1,243,191 | +€523,029 | +72.6% |
| Cash at bank and in hand | 54/58 | €19,513 | €23,538 | +€4,025 | +20.6% |
| Deferred charges and accrued income | 490/1 | €4,970 | €362 | -€4,608 | -92.7% |
| Total equity and liabilities | 10/49 | €3,657,933 | €2,983,256 | -€674,677 | -18.4% |
| Equity | 10/15 | €1,421,965 | €1,772,753 | +€350,788 | +24.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,425,080 | €1,774,245 | +€349,166 | +24.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €322,085 | €671,250 | +€349,166 | +108.4% |
| Distributable reserves | 133 | €1,102,995 | €1,102,995 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,714 | -€20,092 | +€1,622 | +7.5% |
| Provisions and deferred taxes | 16 | €412,577 | €473,907 | +€61,330 | +14.9% |
| Provisions for liabilities and charges | 160/5 | €255,866 | €255,866 | = | 0.0% |
| Pensions and similar obligations | 160 | €255,866 | €255,866 | = | 0.0% |
| Deferred taxes | 168 | €156,711 | €218,041 | +€61,330 | +39.1% |
| Amounts payable | 17/49 | €1,823,390 | €736,596 | -€1.1m | -59.6% |
| Amounts payable after more than one year | 17 | €1,299,758 | €95,416 | -€1.2m | -92.7% |
| Financial debts | 170/4 | €1,299,758 | €95,416 | -€1.2m | -92.7% |
| Amounts payable within one year | 42/48 | €515,990 | €633,537 | +€117,548 | +22.8% |
| Current portion of amounts payable after more than one year | 42 | €86,448 | €37,964 | -€48,483 | -56.1% |
| Financial debts | 43 | €326,448 | €28,486 | -€297,962 | -91.3% |
| Credit institutions | 430/8 | €326,448 | €28,486 | -€297,962 | -91.3% |
| Trade debts | 44 | €88,545 | €382,122 | +€293,577 | +331.6% |
| Suppliers | 440/4 | €88,545 | €382,122 | +€293,577 | +331.6% |
| Taxes, remuneration and social security | 45 | €14,549 | €15,007 | +€457 | +3.1% |
| Taxes | 450/3 | €14,549 | €15,007 | +€457 | +3.1% |
| Other amounts payable | 47/48 | €0 | €169,958 | +€169,958 | |
| Accrued charges and deferred income | 492/3 | €7,643 | €7,643 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | €872,164 | +€872,164 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,115 | €1,607 | -€49,508 | -96.9% |
| Other operating charges | 640/8 | €7,973 | €6,525 | -€1,448 | -18.2% |
| Non-recurring operating charges | 66A | €47,046 | €0 | -€47,046 | -100.0% |
| Gross operating margin | 9900 | €109,312 | €475,236 | +€365,924 | +334.8% |
| Operating profit (loss) | 9901 | €3,178 | €467,104 | +€463,927 | +14599.8% |
| Financial income | 75/76B | €12,317 | €31,693 | +€19,376 | +157.3% |
| Recurring financial income | 75 | €12,317 | €31,693 | +€19,376 | +157.3% |
| Financial charges | 65/66B | €50,547 | €75,597 | +€25,049 | +49.6% |
| Recurring financial charges | 65 | €50,547 | €75,597 | +€25,049 | +49.6% |
| Profit (loss) for the period before taxes | 9903 | -€35,053 | €423,201 | +€458,253 | |
| Transfer from deferred taxes | 780 | €6,814 | €156,711 | +€149,898 | +2200.0% |
| Transfer to deferred taxes | 680 | - | €218,041 | +€218,041 | |
| Income taxes | 67/77 | €6,707 | €11,083 | +€4,376 | +65.2% |
| Profit (loss) for the period | 9904 | -€34,947 | €350,788 | +€385,734 | |
| Transfer from tax-exempt reserves | 789 | €13,232 | €304,958 | +€291,725 | +2204.7% |
| Transfer to tax-exempt reserves | 689 | - | €654,123 | +€654,123 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,714 | €1,622 | +€23,337 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.