PARALLAX: 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.
PARALLAX
Largest movements
- Tangible fixed assets -€331,434
down €331,434 (-5.8%), from €5.7m to €5.4m
of which Land and buildings: -€320,903
- Receivables within one year +€204,021
up €204,021 (+26.1%), from €781,398 to €985,419
of which Other amounts receivable: +€211,602
- Cash -€97,111
down €97,111 (-100%), from €97,111 to €0
mainly Net result for the year (-€318,032) and Receivables within one year (-€204,021)
- Reserves -€318,032
down €318,032 (-6.7%), from €4.7m to €4.4m
of which Distributable reserves: -€309,734
- Short-term financial debts +€113,409
new in 2025: €113,409
- Gross operating margin -€197,972
down €197,972 (-84.7%), from €233,856 to €35,884
- Other operating charges +€5,645
up €5,645 (+107%), from €5,277 to €10,921
- Financial charges +€2,681
up €2,681 (+757%), from €354 to €3,035
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 | €8,529,331 | €8,270,123 | -€259,208 | -3.0% |
| Fixed assets | 21/28 | €7,314,866 | €6,983,224 | -€331,641 | -4.5% |
| Intangible fixed assets | 21 | €207 | €0 | -€207 | -100% |
| Tangible fixed assets | 22/27 | €5,746,408 | €5,414,974 | -€331,434 | -5.8% |
| Land and buildings | 22 | €5,714,953 | €5,394,050 | -€320,903 | -5.6% |
| Plant, machinery and equipment | 23 | €15,460 | €10,481 | -€4,979 | -32.2% |
| Furniture and vehicles | 24 | €14,277 | €9,584 | -€4,693 | -32.9% |
| Other tangible fixed assets | 26 | €1,718 | €859 | -€859 | -50.0% |
| Financial fixed assets | 28 | €1,568,250 | €1,568,250 | = | 0.0% |
| Current assets | 29/58 | €1,214,465 | €1,286,898 | +€72,433 | +6.0% |
| Amounts receivable after more than one year | 29 | €279,233 | €245,233 | -€34,000 | -12.2% |
| Other amounts receivable | 291 | €279,233 | €245,233 | -€34,000 | -12.2% |
| Amounts receivable within one year | 40/41 | €781,398 | €985,419 | +€204,021 | +26.1% |
| Trade receivables | 40 | €20,390 | €12,809 | -€7,581 | -37.2% |
| Other amounts receivable | 41 | €761,008 | €972,610 | +€211,602 | +27.8% |
| Current investments | 50/53 | €45,179 | €45,179 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €97,111 | €0 | -€97,111 | -100% |
| Deferred charges and accrued income | 490/1 | €11,544 | €11,068 | -€476 | -4.1% |
| Total equity and liabilities | 10/49 | €8,529,331 | €8,270,123 | -€259,208 | -3.0% |
| Equity | 10/15 | €8,284,752 | €7,966,720 | -€318,032 | -3.8% |
| Contributions | 10/11 | €3,535,000 | €3,535,000 | = | 0.0% |
| Reserves | 13 | €4,749,752 | €4,431,720 | -€318,032 | -6.7% |
| Tax-exempt reserves | 132 | €160,192 | €151,894 | -€8,298 | -5.2% |
| Distributable reserves | 133 | €4,589,560 | €4,279,826 | -€309,734 | -6.7% |
| Provisions and deferred taxes | 16 | €40,551 | €37,784 | -€2,767 | -6.8% |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €0 | - | = | |
| Deferred taxes | 168 | €40,551 | €37,784 | -€2,767 | -6.8% |
| Amounts payable | 17/49 | €204,028 | €265,619 | +€61,591 | +30.2% |
| Amounts payable within one year | 42/48 | €204,028 | €265,619 | +€61,591 | +30.2% |
| Financial debts | 43 | - | €113,409 | +€113,409 | |
| Credit institutions | 430/8 | - | €113,409 | +€113,409 | |
| Trade debts | 44 | €7,544 | €2,541 | -€5,003 | -66.3% |
| Suppliers | 440/4 | €7,544 | €2,541 | -€5,003 | -66.3% |
| Taxes, remuneration and social security | 45 | €105 | €0 | -€105 | -100% |
| Taxes | 450/3 | €105 | €0 | -€105 | -100% |
| Other amounts payable | 47/48 | €196,380 | €149,669 | -€46,711 | -23.8% |
| Non-recurring operating income | 76A | €218,889 | €0 | -€218,889 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €341,169 | €342,674 | +€1,505 | +0.4% |
| Other operating charges | 640/8 | €5,277 | €10,921 | +€5,645 | +107% |
| Gross operating margin | 9900 | €233,856 | €35,884 | -€197,972 | -84.7% |
| Operating profit (loss) | 9901 | -€112,589 | -€317,711 | -€205,122 | -182% |
| Financial income | 75/76B | - | €24 | +€24 | |
| Recurring financial income | 75 | - | €24 | +€24 | |
| Financial charges | 65/66B | €354 | €3,035 | +€2,681 | +757% |
| Recurring financial charges | 65 | €354 | €3,035 | +€2,681 | +757% |
| Profit (loss) for the period before taxes | 9903 | -€112,943 | -€320,723 | -€207,779 | -184% |
| Transfer from deferred taxes | 780 | €2,767 | €2,767 | = | 0.0% |
| Income taxes | 67/77 | €209 | €76 | -€133 | -63.7% |
| Profit (loss) for the period | 9904 | -€110,386 | -€318,032 | -€207,646 | -188% |
| Transfer from tax-exempt reserves | 789 | €8,298 | €8,298 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€102,087 | -€309,734 | -€207,646 | -203% |
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 18 October 2026 via checked.be.