PARAPAN: 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.
PARAPAN
Largest movements
- Receivables within one year -€499,286
down €499,286 (-97.4%), from €512,748 to €13,462
of which Trade receivables: -€442,379
- Cash +€79,057
up €79,057 (+4307.9%), from €1,835 to €80,892
mainly Receivables within one year (+€499,286) and Net result for the year (+€151,574)
- Tangible fixed assets -€69,663
down €69,663 (-3.4%), from €2.1m to €2.0m
of which Land and buildings: -€67,773
- Other debts -€574,513
down €574,513 (-16.1%), from €3.6m to €3.0m
- Profit (loss) carried forward +€151,574
up €151,574 (+12.6%), from -€1.2m to -€1.1m
- Trade debts -€75,858
down €75,858 (-91.9%), from €82,548 to €6,690
- Gross operating margin +€152,419
up €152,419 (+112.1%), from €135,934 to €288,353
- Depreciation -€66,726
down €66,726 (-48.9%), from €136,389 to €69,663
- Other operating charges +€22,263
up €22,263 (+232.6%), from €9,570 to €31,833
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 | €2,587,221 | €2,096,127 | -€491,094 | -19.0% |
| Fixed assets | 21/28 | €2,069,534 | €1,999,871 | -€69,663 | -3.4% |
| Tangible fixed assets | 22/27 | €2,068,414 | €1,998,751 | -€69,663 | -3.4% |
| Land and buildings | 22 | €2,065,007 | €1,997,233 | -€67,773 | -3.3% |
| Furniture and vehicles | 24 | €3,407 | €1,517 | -€1,890 | -55.5% |
| Financial fixed assets | 28 | €1,120 | €1,120 | = | 0.0% |
| Current assets | 29/58 | €517,688 | €96,257 | -€421,431 | -81.4% |
| Amounts receivable within one year | 40/41 | €512,748 | €13,462 | -€499,286 | -97.4% |
| Trade receivables | 40 | €454,429 | €12,050 | -€442,379 | -97.3% |
| Other amounts receivable | 41 | €58,319 | €1,412 | -€56,907 | -97.6% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €1,835 | €80,892 | +€79,057 | +4307.9% |
| Deferred charges and accrued income | 490/1 | €3,104 | €1,902 | -€1,202 | -38.7% |
| Total equity and liabilities | 10/49 | €2,587,221 | €2,096,127 | -€491,094 | -19.0% |
| Equity | 10/15 | -€1,076,186 | -€924,612 | +€151,574 | +14.1% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €3,746 | €3,746 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,718 | €0 | -€3,718 | -100.0% |
| Reserves not available under the articles | 1311 | €3,718 | €0 | -€3,718 | -100.0% |
| Distributable reserves | 133 | €27 | €3,746 | +€3,718 | +13700.8% |
| Profit (loss) carried forward | 14 | -€1,204,931 | -€1,053,358 | +€151,574 | +12.6% |
| Amounts payable | 17/49 | €3,663,407 | €3,020,740 | -€642,668 | -17.5% |
| Amounts payable after more than one year | 17 | - | €14,850 | +€14,850 | |
| Other amounts payable | 178/9 | - | €14,850 | +€14,850 | |
| Amounts payable within one year | 42/48 | €3,658,157 | €3,005,890 | -€652,268 | -17.8% |
| Trade debts | 44 | €82,548 | €6,690 | -€75,858 | -91.9% |
| Suppliers | 440/4 | €82,548 | €6,690 | -€75,858 | -91.9% |
| Taxes, remuneration and social security | 45 | €2,936 | €1,040 | -€1,897 | -64.6% |
| Taxes | 450/3 | €2,936 | €1,040 | -€1,897 | -64.6% |
| Other amounts payable | 47/48 | €3,572,672 | €2,998,160 | -€574,513 | -16.1% |
| Accrued charges and deferred income | 492/3 | €5,250 | €0 | -€5,250 | -100.0% |
| Non-recurring operating income | 76A | €6,002 | €8,050 | +€2,048 | +34.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €136,389 | €69,663 | -€66,726 | -48.9% |
| Other operating charges | 640/8 | €9,570 | €31,833 | +€22,263 | +232.6% |
| Non-recurring operating charges | 66A | €4,468 | €0 | -€4,468 | -100.0% |
| Gross operating margin | 9900 | €135,934 | €288,353 | +€152,419 | +112.1% |
| Operating profit (loss) | 9901 | -€14,493 | €186,857 | +€201,350 | |
| Financial income | 75/76B | €1,050 | €1,075 | +€25 | +2.4% |
| Recurring financial income | 75 | €1,050 | €1,075 | +€25 | +2.4% |
| Financial charges | 65/66B | €36,472 | €36,358 | -€114 | -0.3% |
| Recurring financial charges | 65 | €36,472 | €36,358 | -€114 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | -€49,916 | €151,574 | +€201,489 | |
| Profit (loss) for the period | 9904 | -€49,916 | €151,574 | +€201,489 | |
| Profit (loss) for the period to be appropriated | 9905 | -€49,916 | €151,574 | +€201,489 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.