PARAGONE GROUP: 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.
PARAGONE GROUP
Largest movements
- Cash -€26,487
down €26,487 (-87.6%), from €30,250 to €3,763
mainly Investment in fixed assets (net) (-€52,299) and Net result for the year (-€47,396)
- Tangible fixed assets +€18,317
up €18,317 (+26.3%), from €69,725 to €88,042
of which Plant, machinery and equipment: +€16,104
- Receivables within one year +€10,683
up €10,683 (+61.3%), from €17,430 to €28,113
of which Trade receivables: +€8,310
- Profit (loss) carried forward -€47,396
down €47,396 (-52.2%), from -€90,830 to -€138,226
- Debts after one year +€26,710
new in 2025: €26,710
- Other debts +€25,004
up €25,004 (+16.5%), from €151,824 to €176,828
- Tax, wage and social debts -€15,628
down €15,628 (-96.9%), from €16,123 to €495
- Current portion of long-term debt +€7,283
new in 2025: €7,283
- Turnover -€185,688
down €185,688 (-70.5%), from €263,472 to €77,784
- Purchases and services -€116,051
down €116,051 (-57.2%), from €203,049 to €86,998
- Gross operating margin -€69,637
down €69,637, from €60,423 to -€9,214
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 | €119,540 | €122,053 | +€2,513 | +2.1% |
| Fixed assets | 21/28 | €71,860 | €90,177 | +€18,317 | +25.5% |
| Tangible fixed assets | 22/27 | €69,725 | €88,042 | +€18,317 | +26.3% |
| Plant, machinery and equipment | 23 | €61,084 | €77,188 | +€16,104 | +26.4% |
| Furniture and vehicles | 24 | €7,451 | €9,813 | +€2,362 | +31.7% |
| Other tangible fixed assets | 26 | €1,190 | €1,041 | -€149 | -12.5% |
| Financial fixed assets | 28 | €2,135 | €2,135 | = | 0.0% |
| Current assets | 29/58 | €47,680 | €31,876 | -€15,804 | -33.1% |
| Amounts receivable within one year | 40/41 | €17,430 | €28,113 | +€10,683 | +61.3% |
| Trade receivables | 40 | €17,430 | €25,740 | +€8,310 | +47.7% |
| Other amounts receivable | 41 | - | €2,373 | +€2,373 | |
| Cash at bank and in hand | 54/58 | €30,250 | €3,763 | -€26,487 | -87.6% |
| Total equity and liabilities | 10/49 | €119,540 | €122,053 | +€2,513 | +2.1% |
| Equity | 10/15 | -€70,379 | -€117,775 | -€47,396 | -67.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€90,830 | -€138,226 | -€47,396 | -52.2% |
| Amounts payable | 17/49 | €189,919 | €239,828 | +€49,909 | +26.3% |
| Amounts payable after more than one year | 17 | - | €26,710 | +€26,710 | |
| Financial debts | 170/4 | - | €26,710 | +€26,710 | |
| Amounts payable within one year | 42/48 | €189,919 | €213,118 | +€23,199 | +12.2% |
| Current portion of amounts payable after more than one year | 42 | - | €7,283 | +€7,283 | |
| Trade debts | 44 | €3,279 | €9,819 | +€6,540 | +199.5% |
| Suppliers | 440/4 | €3,279 | €9,819 | +€6,540 | +199.5% |
| Advances received on contracts in progress | 46 | €18,693 | €18,693 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €16,123 | €495 | -€15,628 | -96.9% |
| Taxes | 450/3 | €16,123 | €495 | -€15,628 | -96.9% |
| Other amounts payable | 47/48 | €151,824 | €176,828 | +€25,004 | +16.5% |
| Turnover | 70 | €263,472 | €77,784 | -€185,688 | -70.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €203,049 | €86,998 | -€116,051 | -57.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,091 | €33,982 | -€1,109 | -3.2% |
| Other operating charges | 640/8 | €1,277 | €2,655 | +€1,378 | +107.9% |
| Non-recurring operating charges | 66A | €535 | €135 | -€400 | -74.8% |
| Gross operating margin | 9900 | €60,423 | -€9,214 | -€69,637 | |
| Operating profit (loss) | 9901 | €23,520 | -€45,986 | -€69,506 | |
| Financial income | 75/76B | €5 | €8 | +€3 | +60.0% |
| Recurring financial income | 75 | €5 | €8 | +€3 | +60.0% |
| Financial charges | 65/66B | €268 | €1,418 | +€1,150 | +429.1% |
| Recurring financial charges | 65 | €268 | €1,418 | +€1,150 | +429.1% |
| Profit (loss) for the period before taxes | 9903 | €23,257 | -€47,396 | -€70,653 | |
| Profit (loss) for the period | 9904 | €23,257 | -€47,396 | -€70,653 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,257 | -€47,396 | -€70,653 |
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 9 October 2026 via checked.be.