PARCinvest: 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.
PARCinvest
Largest movements
- Receivables after one year -€80,000
down €80,000 (-36.7%), from €218,000 to €138,000
- Tangible fixed assets -€50,925
down €50,925 (-3.6%), from €1.4m to €1.4m
of which Land and buildings: -€38,191
- Current investments -€25,059
down €25,059 (-92.9%), from €26,967 to €1,908
- Debts after one year -€122,691
down €122,691 (-16.4%), from €746,923 to €624,232
- Reserves -€45,000
down €45,000 (-7.3%), from €618,336 to €573,336
of which Distributable reserves: -€45,000
- Trade debts +€21,340
up €21,340 (+57.2%), from €37,323 to €58,663
- Tax, wage and social debts -€20,036
down €20,036 (-27.7%), from €72,312 to €52,276
of which Taxes: -€20,127
- Gross operating margin -€123,865
down €123,865 (-51.4%), from €240,762 to €116,897
- Taxes -€13,334
down €13,334 (-60.0%), from €22,232 to €8,898
- Depreciation +€10,589
up €10,589 (+17.8%), from €59,436 to €70,025
- Other operating charges +€3,406
up €3,406 (+31.9%), from €10,679 to €14,085
- Staff costs +€3,092
up €3,092 (+10.7%), from €29,029 to €32,121
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 | €1,772,658 | €1,612,831 | -€159,827 | -9.0% |
| Fixed assets | 21/28 | €1,429,090 | €1,378,165 | -€50,925 | -3.6% |
| Tangible fixed assets | 22/27 | €1,429,090 | €1,378,165 | -€50,925 | -3.6% |
| Land and buildings | 22 | €1,379,223 | €1,341,032 | -€38,191 | -2.8% |
| Plant, machinery and equipment | 23 | €36,878 | €30,762 | -€6,116 | -16.6% |
| Furniture and vehicles | 24 | €12,989 | €6,371 | -€6,618 | -51.0% |
| Current assets | 29/58 | €343,568 | €234,666 | -€108,902 | -31.7% |
| Amounts receivable after more than one year | 29 | €218,000 | €138,000 | -€80,000 | -36.7% |
| Other amounts receivable | 291 | €218,000 | €138,000 | -€80,000 | -36.7% |
| Amounts receivable within one year | 40/41 | €64,350 | €61,903 | -€2,447 | -3.8% |
| Trade receivables | 40 | €5,455 | €5,736 | +€281 | +5.2% |
| Other amounts receivable | 41 | €58,895 | €56,167 | -€2,728 | -4.6% |
| Current investments | 50/53 | €26,967 | €1,908 | -€25,059 | -92.9% |
| Cash at bank and in hand | 54/58 | €27,766 | €23,042 | -€4,724 | -17.0% |
| Deferred charges and accrued income | 490/1 | €6,485 | €9,813 | +€3,328 | +51.3% |
| Total equity and liabilities | 10/49 | €1,772,658 | €1,612,831 | -€159,827 | -9.0% |
| Equity | 10/15 | €638,501 | €595,717 | -€42,784 | -6.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €618,336 | €573,336 | -€45,000 | -7.3% |
| Tax-exempt reserves | 132 | €56,250 | €56,250 | = | 0.0% |
| Distributable reserves | 133 | €562,086 | €517,086 | -€45,000 | -8.0% |
| Profit (loss) carried forward | 14 | €1,565 | €3,781 | +€2,216 | +142% |
| Provisions and deferred taxes | 16 | €137,857 | €137,857 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €137,857 | €137,857 | = | 0.0% |
| Pensions and similar obligations | 160 | €137,857 | €137,857 | = | 0.0% |
| Amounts payable | 17/49 | €996,300 | €879,257 | -€117,043 | -11.7% |
| Amounts payable after more than one year | 17 | €746,923 | €624,232 | -€122,691 | -16.4% |
| Financial debts | 170/4 | €746,923 | €624,232 | -€122,691 | -16.4% |
| Amounts payable within one year | 42/48 | €246,536 | €253,503 | +€6,967 | +2.8% |
| Current portion of amounts payable after more than one year | 42 | €117,251 | €122,691 | +€5,440 | +4.6% |
| Financial debts | 43 | €19,650 | €19,873 | +€223 | +1.1% |
| Credit institutions | 430/8 | €19,650 | €19,873 | +€223 | +1.1% |
| Trade debts | 44 | €37,323 | €58,663 | +€21,340 | +57.2% |
| Suppliers | 440/4 | €37,323 | €58,663 | +€21,340 | +57.2% |
| Taxes, remuneration and social security | 45 | €72,312 | €52,276 | -€20,036 | -27.7% |
| Taxes | 450/3 | €68,887 | €48,760 | -€20,127 | -29.2% |
| Remuneration and social security | 454/9 | €3,425 | €3,516 | +€91 | +2.7% |
| Accrued charges and deferred income | 492/3 | €2,841 | €1,522 | -€1,319 | -46.4% |
| Remuneration, social security and pensions | 62 | €29,029 | €32,121 | +€3,092 | +10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,436 | €70,025 | +€10,589 | +17.8% |
| Other operating charges | 640/8 | €10,679 | €14,085 | +€3,406 | +31.9% |
| Gross operating margin | 9900 | €240,762 | €116,897 | -€123,865 | -51.4% |
| Operating profit (loss) | 9901 | €141,618 | €666 | -€140,952 | -99.5% |
| Financial income | 75/76B | €8,918 | €11,893 | +€2,975 | +33.4% |
| Recurring financial income | 75 | €8,918 | €11,893 | +€2,975 | +33.4% |
| Financial charges | 65/66B | €43,528 | €46,445 | +€2,917 | +6.7% |
| Recurring financial charges | 65 | €43,528 | €46,445 | +€2,917 | +6.7% |
| Profit (loss) for the period before taxes | 9903 | €107,008 | -€33,886 | -€140,894 | |
| Income taxes | 67/77 | €22,232 | €8,898 | -€13,334 | -60.0% |
| Profit (loss) for the period | 9904 | €84,776 | -€42,784 | -€127,560 | |
| Profit (loss) for the period to be appropriated | 9905 | €84,776 | -€42,784 | -€127,560 |
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 24 October 2026 via checked.be.