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
- Current investments +€416,328
new in 2025: €416,328
- Cash -€311,341
down €311,341 (-84.2%), from €369,627 to €58,286
mainly Current investments (-€416,328) and Contributions, distributions and other (-€80,000)
- Tangible fixed assets -€27,761
down €27,761 (-19.0%), from €146,384 to €118,623
of which Other tangible fixed assets: -€27,178
- Stocks and contracts -€20,516
down €20,516 (-7.6%), from €268,421 to €247,905
- Receivables within one year +€17,172
up €17,172 (+203%), from €8,456 to €25,628
of which Other amounts receivable: +€17,172
- Reserves +€49,681
up €49,681 (+7.8%), from €633,525 to €683,206
of which Distributable reserves: +€49,681
- Trade debts +€18,294
up €18,294 (+114%), from €16,093 to €34,387
- Taxes -€21,955
down €21,955 (-33.0%), from €66,522 to €44,567
- Depreciation +€19,435
up €19,435 (+150%), from €12,963 to €32,398
- Gross operating margin -€11,683
down €11,683 (-4.5%), from €257,970 to €246,287
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 | €802,414 | €877,082 | +€74,669 | +9.3% |
| Fixed assets | 21/28 | €155,184 | €127,423 | -€27,761 | -17.9% |
| Tangible fixed assets | 22/27 | €146,384 | €118,623 | -€27,761 | -19.0% |
| Plant, machinery and equipment | 23 | €2,675 | €755 | -€1,920 | -71.8% |
| Furniture and vehicles | 24 | €3,577 | €4,914 | +€1,337 | +37.4% |
| Other tangible fixed assets | 26 | €140,132 | €112,954 | -€27,178 | -19.4% |
| Financial fixed assets | 28 | €8,800 | €8,800 | = | 0.0% |
| Current assets | 29/58 | €647,230 | €749,660 | +€102,430 | +15.8% |
| Stocks and contracts in progress | 3 | €268,421 | €247,905 | -€20,516 | -7.6% |
| Stocks | 30/36 | €268,421 | €247,905 | -€20,516 | -7.6% |
| Amounts receivable within one year | 40/41 | €8,456 | €25,628 | +€17,172 | +203% |
| Trade receivables | 40 | €157 | €157 | = | 0.0% |
| Other amounts receivable | 41 | €8,299 | €25,471 | +€17,172 | +207% |
| Current investments | 50/53 | - | €416,328 | +€416,328 | |
| Cash at bank and in hand | 54/58 | €369,627 | €58,286 | -€311,341 | -84.2% |
| Deferred charges and accrued income | 490/1 | €725 | €1,512 | +€787 | +108% |
| Total equity and liabilities | 10/49 | €802,414 | €877,082 | +€74,669 | +9.3% |
| Equity | 10/15 | €666,802 | €716,483 | +€49,681 | +7.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €633,525 | €683,206 | +€49,681 | +7.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €633,525 | €683,206 | +€49,681 | +7.8% |
| Profit (loss) carried forward | 14 | €20,877 | €20,877 | = | 0.0% |
| Amounts payable | 17/49 | €135,612 | €160,600 | +€24,988 | +18.4% |
| Amounts payable within one year | 42/48 | €129,318 | €153,907 | +€24,589 | +19.0% |
| Financial debts | 43 | - | €601 | +€601 | |
| Credit institutions | 430/8 | - | €601 | +€601 | |
| Trade debts | 44 | €16,093 | €34,387 | +€18,294 | +114% |
| Suppliers | 440/4 | €16,093 | €34,387 | +€18,294 | +114% |
| Taxes, remuneration and social security | 45 | €65,086 | €73,223 | +€8,138 | +12.5% |
| Taxes | 450/3 | €62,434 | €63,277 | +€843 | +1.4% |
| Remuneration and social security | 454/9 | €2,651 | €9,946 | +€7,295 | +275% |
| Other amounts payable | 47/48 | €48,139 | €45,696 | -€2,444 | -5.1% |
| Accrued charges and deferred income | 492/3 | €6,294 | €6,693 | +€399 | +6.3% |
| Remuneration, social security and pensions | 62 | €33,614 | €33,219 | -€395 | -1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,963 | €32,398 | +€19,435 | +150% |
| Other operating charges | 640/8 | €2,001 | €2,043 | +€42 | +2.1% |
| Non-recurring operating charges | 66A | €450 | - | -€450 | |
| Gross operating margin | 9900 | €257,970 | €246,287 | -€11,683 | -4.5% |
| Operating profit (loss) | 9901 | €208,942 | €178,627 | -€30,315 | -14.5% |
| Financial income | 75/76B | €655 | €3,090 | +€2,435 | +372% |
| Recurring financial income | 75 | €655 | €3,090 | +€2,435 | +372% |
| Financial charges | 65/66B | €5,910 | €7,469 | +€1,559 | +26.4% |
| Recurring financial charges | 65 | €5,910 | €7,469 | +€1,559 | +26.4% |
| Profit (loss) for the period before taxes | 9903 | €203,687 | €174,248 | -€29,439 | -14.5% |
| Income taxes | 67/77 | €66,522 | €44,567 | -€21,955 | -33.0% |
| Profit (loss) for the period | 9904 | €137,165 | €129,681 | -€7,484 | -5.5% |
| Profit (loss) for the period to be appropriated | 9905 | €137,165 | €129,681 | -€7,484 | -5.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.