PARACHUTE: 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.
PARACHUTE
Largest movements
- Tangible fixed assets +€919,829
up €919,829 (+405.0%), from €227,146 to €1.1m
of which Land and buildings: +€732,285
- Cash -€582,015
down €582,015 (-99.7%), from €583,827 to €1,812
mainly Investment in fixed assets (net) (-€951,399) and Provisions (-€8,681)
- Receivables within one year -€59,245
down €59,245 (-79.1%), from €74,946 to €15,701
of which Trade receivables: -€59,245
- Receivables after one year -€24,400
down €24,400 (-43.8%), from €55,700 to €31,300
- Debts after one year +€169,282
new in 2024: €169,282
- Reserves +€30,468
up €30,468 (+6.7%), from €455,539 to €486,007
of which Distributable reserves: +€47,326
- Trade debts +€26,268
up €26,268 (+115.1%), from €22,815 to €49,083
- Other debts +€17,676
up €17,676 (+5.5%), from €323,297 to €340,973
- Current portion of long-term debt +€17,044
new in 2024: €17,044
- Gross operating margin -€382,345
down €382,345 (-81.6%), from €468,806 to €86,462
- Depreciation +€16,928
up €16,928 (+115.6%), from €14,641 to €31,570
- Taxes +€7,671
up €7,671 (+41.2%), from €18,617 to €26,287
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.
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €964,230 | €1,222,646 | +€258,415 | +26.8% |
| Fixed assets | 21/28 | €228,346 | €1,148,176 | +€919,829 | +402.8% |
| Tangible fixed assets | 22/27 | €227,146 | €1,146,976 | +€919,829 | +405.0% |
| Land and buildings | 22 | €213,155 | €945,439 | +€732,285 | +343.5% |
| Plant, machinery and equipment | 23 | €13,992 | €201,536 | +€187,545 | +1340.4% |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €735,884 | €74,470 | -€661,414 | -89.9% |
| Amounts receivable after more than one year | 29 | €55,700 | €31,300 | -€24,400 | -43.8% |
| Other amounts receivable | 291 | €55,700 | €31,300 | -€24,400 | -43.8% |
| Amounts receivable within one year | 40/41 | €74,946 | €15,701 | -€59,245 | -79.1% |
| Trade receivables | 40 | €74,946 | €15,701 | -€59,245 | -79.1% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €5,341 | €2,992 | -€2,349 | -44.0% |
| Cash at bank and in hand | 54/58 | €583,827 | €1,812 | -€582,015 | -99.7% |
| Deferred charges and accrued income | 490/1 | €16,070 | €22,665 | +€6,594 | +41.0% |
| Total equity and liabilities | 10/49 | €964,230 | €1,222,646 | +€258,415 | +26.8% |
| Equity | 10/15 | €474,131 | €504,599 | +€30,468 | +6.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €455,539 | €486,007 | +€30,468 | +6.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €321,363 | €304,504 | -€16,859 | -5.2% |
| Distributable reserves | 133 | €132,316 | €179,643 | +€47,326 | +35.8% |
| Provisions and deferred taxes | 16 | €107,121 | €98,440 | -€8,681 | -8.1% |
| Deferred taxes | 168 | €107,121 | €98,440 | -€8,681 | -8.1% |
| Amounts payable | 17/49 | €382,978 | €619,607 | +€236,629 | +61.8% |
| Amounts payable after more than one year | 17 | - | €169,282 | +€169,282 | |
| Financial debts | 170/4 | - | €169,282 | +€169,282 | |
| Amounts payable within one year | 42/48 | €382,978 | €450,325 | +€67,347 | +17.6% |
| Current portion of amounts payable after more than one year | 42 | - | €17,044 | +€17,044 | |
| Financial debts | 43 | €0 | €12,216 | +€12,216 | |
| Credit institutions | 430/8 | €0 | €12,216 | +€12,216 | |
| Trade debts | 44 | €22,815 | €49,083 | +€26,268 | +115.1% |
| Suppliers | 440/4 | €22,815 | €49,083 | +€26,268 | +115.1% |
| Taxes, remuneration and social security | 45 | €36,865 | €31,009 | -€5,856 | -15.9% |
| Taxes | 450/3 | €36,865 | €31,009 | -€5,856 | -15.9% |
| Other amounts payable | 47/48 | €323,297 | €340,973 | +€17,676 | +5.5% |
| Non-recurring operating income | 76A | €428,484 | €37,500 | -€390,984 | -91.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,641 | €31,570 | +€16,928 | +115.6% |
| Other operating charges | 640/8 | €6,560 | €6,140 | -€420 | -6.4% |
| Gross operating margin | 9900 | €468,806 | €86,462 | -€382,345 | -81.6% |
| Operating profit (loss) | 9901 | €447,605 | €48,752 | -€398,853 | -89.1% |
| Financial income | 75/76B | €10,977 | €7,868 | -€3,109 | -28.3% |
| Recurring financial income | 75 | €10,977 | €7,868 | -€3,109 | -28.3% |
| Financial charges | 65/66B | €4,703 | €8,547 | +€3,844 | +81.7% |
| Recurring financial charges | 65 | €4,703 | €8,547 | +€3,844 | +81.7% |
| Profit (loss) for the period before taxes | 9903 | €453,879 | €48,074 | -€405,805 | -89.4% |
| Transfer from deferred taxes | 780 | €8,681 | €8,681 | = | 0.0% |
| Transfer to deferred taxes | 680 | €107,121 | €0 | -€107,121 | -100.0% |
| Income taxes | 67/77 | €18,617 | €26,287 | +€7,671 | +41.2% |
| Profit (loss) for the period | 9904 | €336,822 | €30,468 | -€306,355 | -91.0% |
| Transfer from tax-exempt reserves | 789 | €16,859 | €16,859 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €321,363 | €0 | -€321,363 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €32,318 | €47,326 | +€15,008 | +46.4% |
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.