PAR TERRE: 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 TERRE
Largest movements
- Tangible fixed assets +€187,502
up €187,502 (+177%), from €106,067 to €293,569
- Receivables within one year -€185,221
down €185,221 (-64.6%), from €286,648 to €101,427
of which Other amounts receivable: -€167,621
- Stocks and contracts +€50,720
up €50,720 (+24.4%), from €207,667 to €258,387
- Cash -€39,014
down €39,014 (-82.4%), from €47,323 to €8,309
mainly Investment in fixed assets (net) (-€192,502) and Current portion of long-term debt (-€172,747)
- Other debts +€183,561
up €183,561 (+429%), from €42,781 to €226,342
- Current portion of long-term debt -€172,747
down €172,747 (-35.3%), from €488,747 to €316,000
- Reserves +€12,281
up €12,281 (+41.3%), from €29,740 to €42,021
of which Distributable reserves: +€14,141
- Financial charges -€4,108
down €4,108 (-43.3%), from €9,494 to €5,387
- Financial income -€3,160
down €3,160 (-100.0%), from €3,160 to €0
- Gross operating margin -€3,023
down €3,023 (-11.4%), from €26,560 to €23,537
- Taxes -€587
down €587 (-9.1%), from €6,426 to €5,839
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 | €674,500 | €690,292 | +€15,792 | +2.3% |
| Fixed assets | 21/28 | €129,667 | €322,169 | +€192,502 | +148% |
| Tangible fixed assets | 22/27 | €106,067 | €293,569 | +€187,502 | +177% |
| Land and buildings | 22 | €106,067 | €293,569 | +€187,502 | +177% |
| Financial fixed assets | 28 | €23,600 | €28,600 | +€5,000 | +21.2% |
| Current assets | 29/58 | €544,833 | €368,123 | -€176,710 | -32.4% |
| Stocks and contracts in progress | 3 | €207,667 | €258,387 | +€50,720 | +24.4% |
| Stocks | 30/36 | €207,667 | €258,387 | +€50,720 | +24.4% |
| Amounts receivable within one year | 40/41 | €286,648 | €101,427 | -€185,221 | -64.6% |
| Trade receivables | 40 | €22,392 | €4,792 | -€17,600 | -78.6% |
| Other amounts receivable | 41 | €264,256 | €96,635 | -€167,621 | -63.4% |
| Cash at bank and in hand | 54/58 | €47,323 | €8,309 | -€39,014 | -82.4% |
| Deferred charges and accrued income | 490/1 | €3,196 | - | -€3,196 | |
| Total equity and liabilities | 10/49 | €674,500 | €690,292 | +€15,792 | +2.3% |
| Equity | 10/15 | €132,555 | €144,836 | +€12,281 | +9.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €29,740 | €42,021 | +€12,281 | +41.3% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Tax-exempt reserves | 132 | €14,111 | €14,111 | = | 0.0% |
| Distributable reserves | 133 | €13,769 | €27,910 | +€14,141 | +103% |
| Profit (loss) carried forward | 14 | €90,415 | €90,415 | = | 0.0% |
| Amounts payable | 17/49 | €541,945 | €545,456 | +€3,511 | +0.6% |
| Amounts payable within one year | 42/48 | €541,945 | €545,456 | +€3,511 | +0.6% |
| Current portion of amounts payable after more than one year | 42 | €488,747 | €316,000 | -€172,747 | -35.3% |
| Trade debts | 44 | €8,992 | €2,276 | -€6,716 | -74.7% |
| Suppliers | 440/4 | €8,992 | €2,276 | -€6,716 | -74.7% |
| Taxes, remuneration and social security | 45 | €1,426 | €839 | -€587 | -41.2% |
| Taxes | 450/3 | €1,426 | €839 | -€587 | -41.2% |
| Other amounts payable | 47/48 | €42,781 | €226,342 | +€183,561 | +429% |
| Other operating charges | 640/8 | €31 | €31 | +€1 | +1.6% |
| Gross operating margin | 9900 | €26,560 | €23,537 | -€3,023 | -11.4% |
| Operating profit (loss) | 9901 | €26,529 | €23,506 | -€3,023 | -11.4% |
| Financial income | 75/76B | €3,160 | €0 | -€3,160 | -100.0% |
| Recurring financial income | 75 | €3,160 | €0 | -€3,160 | -100.0% |
| Financial charges | 65/66B | €9,494 | €5,387 | -€4,108 | -43.3% |
| Recurring financial charges | 65 | €9,494 | €5,387 | -€4,108 | -43.3% |
| Profit (loss) for the period before taxes | 9903 | €20,195 | €18,119 | -€2,075 | -10.3% |
| Income taxes | 67/77 | €6,426 | €5,839 | -€587 | -9.1% |
| Profit (loss) for the period | 9904 | €13,769 | €12,281 | -€1,489 | -10.8% |
| Profit (loss) for the period to be appropriated | 9905 | €13,769 | €12,281 | -€1,489 | -10.8% |
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 17 October 2026 via checked.be.