PARAND: 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.
PARAND
Largest movements
- Cash -€6,257
down €6,257 (-68.1%), from €9,186 to €2,929
mainly Current portion of long-term debt (-€22,764) and Net result for the year (-€11,846)
- Tangible fixed assets -€5,832
down €5,832 (-19.7%), from €29,629 to €23,797
- Receivables within one year -€1,069
down €1,069 (-9.4%), from €11,402 to €10,333
of which Other amounts receivable: -€1,069
- Deferred charges and accrued income -€781
no longer reported in 2025 (was €781)
- Current portion of long-term debt -€22,764
down €22,764 (-75.4%), from €30,197 to €7,433
- Debts after one year +€17,636
new in 2025: €17,636
- Profit (loss) carried forward -€11,846
down €11,846 (-90.0%), from €13,163 to €1,317
- Trade debts +€4,200
up €4,200 (+1699.9%), from €247 to €4,447
- Tax, wage and social debts -€1,165
down €1,165 (-97.7%), from €1,192 to €27
- Gross operating margin -€16,139
down €16,139, from €15,379 to -€760
- Depreciation +€4,238
up €4,238 (+200.4%), from €2,115 to €6,353
- Other operating charges -€1,975
down €1,975 (-79.2%), from €2,494 to €519
- Financial charges +€1,084
up €1,084 (+140.3%), from €773 to €1,857
- Taxes +€1,000
up €1,000 (+66.7%), from €1,500 to €2,500
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 | €50,999 | €37,059 | -€13,940 | -27.3% |
| Fixed assets | 21/28 | €29,629 | €23,797 | -€5,832 | -19.7% |
| Tangible fixed assets | 22/27 | €29,629 | €23,797 | -€5,832 | -19.7% |
| Furniture and vehicles | 24 | €29,629 | €23,797 | -€5,832 | -19.7% |
| Current assets | 29/58 | €21,370 | €13,262 | -€8,108 | -37.9% |
| Amounts receivable within one year | 40/41 | €11,402 | €10,333 | -€1,069 | -9.4% |
| Trade receivables | 40 | €6,000 | €6,000 | = | 0.0% |
| Other amounts receivable | 41 | €5,402 | €4,333 | -€1,069 | -19.8% |
| Cash at bank and in hand | 54/58 | €9,186 | €2,929 | -€6,257 | -68.1% |
| Deferred charges and accrued income | 490/1 | €781 | - | -€781 | |
| Total equity and liabilities | 10/49 | €50,999 | €37,059 | -€13,940 | -27.3% |
| Equity | 10/15 | €19,363 | €7,517 | -€11,846 | -61.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €6,200 | -€12,400 | -66.7% |
| Uncalled capital | 101 | €12,400 | - | -€12,400 | |
| Profit (loss) carried forward | 14 | €13,163 | €1,317 | -€11,846 | -90.0% |
| Amounts payable | 17/49 | €31,636 | €29,542 | -€2,094 | -6.6% |
| Amounts payable after more than one year | 17 | - | €17,636 | +€17,636 | |
| Financial debts | 170/4 | - | €17,636 | +€17,636 | |
| Amounts payable within one year | 42/48 | €31,636 | €11,906 | -€19,730 | -62.4% |
| Current portion of amounts payable after more than one year | 42 | €30,197 | €7,433 | -€22,764 | -75.4% |
| Trade debts | 44 | €247 | €4,447 | +€4,200 | +1699.9% |
| Suppliers | 440/4 | €247 | €4,447 | +€4,200 | +1699.9% |
| Taxes, remuneration and social security | 45 | €1,192 | €27 | -€1,165 | -97.7% |
| Taxes | 450/3 | €1,192 | €27 | -€1,165 | -97.7% |
| Non-recurring operating income | 76A | €4,959 | - | -€4,959 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,115 | €6,353 | +€4,238 | +200.4% |
| Other operating charges | 640/8 | €2,494 | €519 | -€1,975 | -79.2% |
| Gross operating margin | 9900 | €15,379 | -€760 | -€16,139 | |
| Operating profit (loss) | 9901 | €10,770 | -€7,633 | -€18,402 | |
| Financial income | 75/76B | - | €144 | +€144 | |
| Recurring financial income | 75 | - | €144 | +€144 | |
| Financial charges | 65/66B | €773 | €1,857 | +€1,084 | +140.3% |
| Recurring financial charges | 65 | €773 | €1,857 | +€1,084 | +140.3% |
| Profit (loss) for the period before taxes | 9903 | €9,997 | -€9,346 | -€19,342 | |
| Income taxes | 67/77 | €1,500 | €2,500 | +€1,000 | +66.7% |
| Profit (loss) for the period | 9904 | €8,497 | -€11,846 | -€20,342 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,497 | -€11,846 | -€20,342 |
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 11 October 2026 via checked.be.