PARAF 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.
PARAF PROJECTS
Largest movements
- Cash -€7,265
down €7,265 (-31.8%), from €22,840 to €15,575
mainly Debts after one year (-€11,610) and Other debts (-€917)
- Debts after one year -€11,610
down €11,610 (-4.3%), from €272,649 to €261,039
of which Financial debts: -€11,610
- Gross operating margin +€6,520
up €6,520 (+58.7%), from €11,114 to €17,634
- Other operating charges +€5,141
up €5,141 (+636.1%), from €808 to €5,950
- Financial charges +€5,105
up €5,105 (+104.7%), from €4,878 to €9,983
- Depreciation -€4,028
down €4,028 (-100.0%), from €4,028 to €0
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.
Cash bridge derived
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 | €513,280 | €503,584 | -€9,696 | -1.9% |
| Fixed assets | 21/28 | €487,937 | €487,937 | = | 0.0% |
| Tangible fixed assets | 22/27 | €487,937 | €487,937 | = | 0.0% |
| Land and buildings | 22 | €481,968 | €481,968 | = | 0.0% |
| Plant, machinery and equipment | 23 | €5,968 | €5,968 | = | 0.0% |
| Current assets | 29/58 | €25,343 | €15,648 | -€9,696 | -38.3% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €2,503 | €72 | -€2,431 | -97.1% |
| Other amounts receivable | 41 | €2,503 | €72 | -€2,431 | -97.1% |
| Cash at bank and in hand | 54/58 | €22,840 | €15,575 | -€7,265 | -31.8% |
| Total equity and liabilities | 10/49 | €513,280 | €503,584 | -€9,696 | -1.9% |
| Equity | 10/15 | €5,554 | €7,255 | +€1,701 | +30.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €16,287 | €16,287 | = | 0.0% |
| Distributable reserves | 133 | €16,287 | €16,287 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,732 | -€11,032 | +€1,701 | +13.4% |
| Amounts payable | 17/49 | €507,725 | €496,329 | -€11,396 | -2.2% |
| Amounts payable after more than one year | 17 | €272,649 | €261,039 | -€11,610 | -4.3% |
| Financial debts | 170/4 | €269,249 | €257,639 | -€11,610 | -4.3% |
| Other amounts payable | 178/9 | €3,400 | €3,400 | = | 0.0% |
| Amounts payable within one year | 42/48 | €235,077 | €235,290 | +€213 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €11,207 | €11,610 | +€403 | +3.6% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €200 | €927 | +€727 | +363.5% |
| Suppliers | 440/4 | €200 | €927 | +€727 | +363.5% |
| Other amounts payable | 47/48 | €223,670 | €222,753 | -€917 | -0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,028 | €0 | -€4,028 | -100.0% |
| Other operating charges | 640/8 | €808 | €5,950 | +€5,141 | +636.1% |
| Gross operating margin | 9900 | €11,114 | €17,634 | +€6,520 | +58.7% |
| Operating profit (loss) | 9901 | €6,277 | €11,684 | +€5,407 | +86.1% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €4,878 | €9,983 | +€5,105 | +104.7% |
| Recurring financial charges | 65 | €4,878 | €9,983 | +€5,105 | +104.7% |
| Profit (loss) for the period before taxes | 9903 | €1,399 | €1,701 | +€302 | +21.6% |
| Profit (loss) for the period | 9904 | €1,399 | €1,701 | +€302 | +21.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,399 | €1,701 | +€302 | +21.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.