PARAX: 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.
PARAX
Largest movements
- Cash -€95,889
down €95,889 (-85.6%), from €111,989 to €16,100
mainly Contributions, distributions and other (-€113,950) and Receivables within one year (-€15,716)
- Receivables within one year +€15,716
up €15,716 (+95.3%), from €16,492 to €32,208
of which Trade receivables: +€15,793
- Tangible fixed assets -€12,662
down €12,662 (-39.5%), from €32,087 to €19,425
of which Furniture and vehicles: -€12,563
- Reserves -€81,825
down €81,825 (-71.8%), from €113,950 to €32,125
- Debts after one year -€11,396
down €11,396 (-79.9%), from €14,262 to €2,867
- Tax, wage and social debts +€3,841
up €3,841 (+70.8%), from €5,422 to €9,264
- Trade debts -€2,945
down €2,945 (-88.5%), from €3,326 to €381
- Gross operating margin -€103,642
down €103,642 (-65.1%), from €159,233 to €55,591
- Taxes -€23,679
down €23,679 (-73.1%), from €32,410 to €8,731
- Financial income -€1,929
down €1,929 (-69.1%), from €2,792 to €863
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 | €160,568 | €67,733 | -€92,835 | -57.8% |
| Fixed assets | 21/28 | €32,087 | €19,425 | -€12,662 | -39.5% |
| Tangible fixed assets | 22/27 | €32,087 | €19,425 | -€12,662 | -39.5% |
| Plant, machinery and equipment | 23 | €204 | €105 | -€99 | -48.5% |
| Furniture and vehicles | 24 | €31,883 | €19,320 | -€12,563 | -39.4% |
| Current assets | 29/58 | €128,481 | €48,308 | -€80,172 | -62.4% |
| Amounts receivable within one year | 40/41 | €16,492 | €32,208 | +€15,716 | +95.3% |
| Trade receivables | 40 | €14,094 | €29,887 | +€15,793 | +112% |
| Other amounts receivable | 41 | €2,398 | €2,321 | -€77 | -3.2% |
| Cash at bank and in hand | 54/58 | €111,989 | €16,100 | -€95,889 | -85.6% |
| Total equity and liabilities | 10/49 | €160,568 | €67,733 | -€92,835 | -57.8% |
| Equity | 10/15 | €117,950 | €36,125 | -€81,825 | -69.4% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €113,950 | €32,125 | -€81,825 | -71.8% |
| Distributable reserves | 133 | €113,950 | €32,125 | -€81,825 | -71.8% |
| Amounts payable | 17/49 | €42,618 | €31,608 | -€11,009 | -25.8% |
| Amounts payable after more than one year | 17 | €14,262 | €2,867 | -€11,396 | -79.9% |
| Financial debts | 170/4 | €14,262 | €2,867 | -€11,396 | -79.9% |
| Amounts payable within one year | 42/48 | €27,769 | €28,190 | +€421 | +1.5% |
| Current portion of amounts payable after more than one year | 42 | €11,285 | €11,396 | +€111 | +1.0% |
| Trade debts | 44 | €3,326 | €381 | -€2,945 | -88.5% |
| Suppliers | 440/4 | €3,326 | €381 | -€2,945 | -88.5% |
| Taxes, remuneration and social security | 45 | €5,422 | €9,264 | +€3,841 | +70.8% |
| Taxes | 450/3 | €5,422 | €9,264 | +€3,841 | +70.8% |
| Other amounts payable | 47/48 | €7,736 | €7,149 | -€587 | -7.6% |
| Accrued charges and deferred income | 492/3 | €586 | €552 | -€34 | -5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,896 | €15,018 | +€123 | +0.8% |
| Other operating charges | 640/8 | €202 | €267 | +€65 | +32.2% |
| Gross operating margin | 9900 | €159,233 | €55,591 | -€103,642 | -65.1% |
| Operating profit (loss) | 9901 | €144,135 | €40,306 | -€103,830 | -72.0% |
| Financial income | 75/76B | €2,792 | €863 | -€1,929 | -69.1% |
| Recurring financial income | 75 | €2,792 | €863 | -€1,929 | -69.1% |
| Financial charges | 65/66B | €566 | €312 | -€254 | -44.9% |
| Recurring financial charges | 65 | €566 | €312 | -€254 | -44.9% |
| Profit (loss) for the period before taxes | 9903 | €146,361 | €40,857 | -€105,504 | -72.1% |
| Income taxes | 67/77 | €32,410 | €8,731 | -€23,679 | -73.1% |
| Profit (loss) for the period | 9904 | €113,950 | €32,125 | -€81,825 | -71.8% |
| Profit (loss) for the period to be appropriated | 9905 | €113,950 | €32,125 | -€81,825 | -71.8% |
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 14 October 2026 via checked.be.