PARAH: 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.
What changed
PARAH
NACE 52.249, Warehousing and support activities for transportation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€107,107
2024 · €310,099-€202,992
Equity
€759,277
2024 · €896,170-€136,893
Cash
€335,926
2024 · €472,305-€136,379
Balance sheet total
€4.2m
2024 · €4.4m-€216,173
Largest movements
Assets
- Cash -€136,379
down €136,379 (-28.9%), from €472,305 to €335,926
mainly Investment in fixed assets (net) (-€606,189) and Contributions, distributions and other (-€244,000)
- Tangible fixed assets -€108,470
down €108,470 (-3.9%), from €2.8m to €2.7m
of which Leasing and similar rights: -€202,883
Equity and liabilities
- Profit (loss) carried forward -€161,403
down €161,403 (-39.6%), from €407,219 to €245,817
- Current portion of long-term debt +€95,298
up €95,298 (+21.3%), from €446,413 to €541,711
- Other debts -€93,166
no longer reported in 2025 (was €93,166)
- Trade debts -€85,956
down €85,956 (-19.0%), from €451,598 to €365,642
Income statement
- Gross operating margin -€359,017
down €359,017 (-16.4%), from €2.2m to €1.8m
- Depreciation -€65,992
down €65,992 (-8.4%), from €787,846 to €721,854
- Taxes -€30,303
down €30,303 (-44.6%), from €67,978 to €37,675
- Staff costs +€25,827
up €25,827 (+3.2%), from €799,637 to €825,464
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.
Result 2024
€310,099
Gross operating margin
-€359,017
Staff costs
-€25,827
Depreciation
+€65,992
Other operating charges
-€304
Other operating items
+€62,285
Financial income
-€2,229
Financial charges
+€8,881
Taxes
+€30,303
Deferred taxes and other
+€16,923
Result 2025
€107,107
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€639,542
Investment
-€606,189
Financing
-€169,732
Cash 2024
€472,305
From operations (derived)
+€639,542
Net result for the year
+€107,107
Depreciation
+€721,854
Receivables within one year
-€29,237
Deferred charges and accrued income
-€6,634
Provisions
+€8,170
Trade debts
-€85,956
Tax, wage and social debts
+€17,404
Other debts
-€93,166
Investment (derived)
-€606,189
Investment in fixed assets (net)
-€606,189
Financing
-€169,732
Debts after one year
-€21,030
Current portion of long-term debt
+€95,298
Contributions, distributions and other
-€244,000
Cash 2025
€335,926
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,411,085 | €4,194,912 | -€216,173 | -4.9% |
| Fixed assets | 21/28 | €2,903,565 | €2,787,899 | -€115,665 | -4.0% |
| Tangible fixed assets | 22/27 | €2,810,327 | €2,701,856 | -€108,470 | -3.9% |
| Plant, machinery and equipment | 23 | €347,708 | €450,837 | +€103,129 | +29.7% |
| Furniture and vehicles | 24 | €22,328 | €14,065 | -€8,263 | -37.0% |
| Leasing and similar rights | 25 | €2,439,838 | €2,236,955 | -€202,883 | -8.3% |
| Other tangible fixed assets | 26 | €454 | - | -€454 | |
| Financial fixed assets | 28 | €93,238 | €86,043 | -€7,195 | -7.7% |
| Current assets | 29/58 | €1,507,520 | €1,407,013 | -€100,508 | -6.7% |
| Amounts receivable within one year | 40/41 | €906,351 | €935,588 | +€29,237 | +3.2% |
| Trade receivables | 40 | €626,351 | €742,374 | +€116,023 | +18.5% |
| Other amounts receivable | 41 | €280,000 | €193,215 | -€86,785 | -31.0% |
| Cash at bank and in hand | 54/58 | €472,305 | €335,926 | -€136,379 | -28.9% |
| Deferred charges and accrued income | 490/1 | €128,865 | €135,499 | +€6,634 | +5.1% |
| Total equity and liabilities | 10/49 | €4,411,085 | €4,194,912 | -€216,173 | -4.9% |
| Equity | 10/15 | €896,170 | €759,277 | -€136,893 | -15.3% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €426,977 | €451,487 | +€24,509 | +5.7% |
| Non-distributable reserves | 130/1 | €6,579 | €6,579 | = | 0.0% |
| Legal reserve | 130 | €6,579 | €6,579 | = | 0.0% |
| Tax-exempt reserves | 132 | €420,398 | €444,907 | +€24,509 | +5.8% |
| Profit (loss) carried forward | 14 | €407,219 | €245,817 | -€161,403 | -39.6% |
| Provisions and deferred taxes | 16 | €140,133 | €148,302 | +€8,170 | +5.8% |
| Deferred taxes | 168 | €140,133 | €148,302 | +€8,170 | +5.8% |
| Amounts payable | 17/49 | €3,374,783 | €3,287,333 | -€87,450 | -2.6% |
| Amounts payable after more than one year | 17 | €2,116,972 | €2,095,941 | -€21,030 | -1.0% |
| Financial debts | 170/4 | €2,116,972 | €2,095,941 | -€21,030 | -1.0% |
| Amounts payable within one year | 42/48 | €1,257,811 | €1,191,392 | -€66,420 | -5.3% |
| Current portion of amounts payable after more than one year | 42 | €446,413 | €541,711 | +€95,298 | +21.3% |
| Trade debts | 44 | €451,598 | €365,642 | -€85,956 | -19.0% |
| Suppliers | 440/4 | €451,598 | €365,642 | -€85,956 | -19.0% |
| Taxes, remuneration and social security | 45 | €266,635 | €284,039 | +€17,404 | +6.5% |
| Taxes | 450/3 | €88,308 | €110,285 | +€21,978 | +24.9% |
| Remuneration and social security | 454/9 | €178,327 | €173,754 | -€4,573 | -2.6% |
| Other amounts payable | 47/48 | €93,166 | - | -€93,166 | |
| Non-recurring operating income | 76A | €420,383 | €142,643 | -€277,739 | -66.1% |
| Remuneration, social security and pensions | 62 | €799,637 | €825,464 | +€25,827 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €787,846 | €721,854 | -€65,992 | -8.4% |
| Other operating charges | 640/8 | €6,101 | €6,406 | +€304 | +5.0% |
| Non-recurring operating charges | 66A | €62,285 | - | -€62,285 | |
| Gross operating margin | 9900 | €2,183,584 | €1,824,567 | -€359,017 | -16.4% |
| Operating profit (loss) | 9901 | €527,715 | €270,844 | -€256,872 | -48.7% |
| Financial income | 75/76B | €2,450 | €222 | -€2,229 | -91.0% |
| Recurring financial income | 75 | €2,450 | €222 | -€2,229 | -91.0% |
| Non-recurring financial income | 76B | - | €222 | +€222 | |
| Financial charges | 65/66B | €126,995 | €118,113 | -€8,881 | -7.0% |
| Recurring financial charges | 65 | €126,995 | €118,113 | -€8,881 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €403,171 | €152,952 | -€250,219 | -62.1% |
| Transfer from deferred taxes | 780 | €66,461 | €25,229 | -€41,232 | -62.0% |
| Transfer to deferred taxes | 680 | €91,554 | €33,398 | -€58,156 | -63.5% |
| Income taxes | 67/77 | €67,978 | €37,675 | -€30,303 | -44.6% |
| Profit (loss) for the period | 9904 | €310,099 | €107,107 | -€202,992 | -65.5% |
| Transfer from tax-exempt reserves | 789 | €199,384 | €75,686 | -€123,698 | -62.0% |
| Transfer to tax-exempt reserves | 689 | €274,663 | €100,195 | -€174,468 | -63.5% |
| Profit (loss) for the period to be appropriated | 9905 | €234,820 | €82,598 | -€152,222 | -64.8% |
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 25 October 2026 via checked.be.