PARCOBS: 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.
PARCOBS
Largest movements
- Tangible fixed assets -€196,320
down €196,320 (-10.8%), from €1.8m to €1.6m
of which Plant, machinery and equipment: -€123,114
- Cash -€152,880
down €152,880 (-32.3%), from €473,994 to €321,114
mainly Contributions, distributions and other (-€200,000) and Debts after one year (-€196,980)
- Debts after one year -€196,980
down €196,980 (-14.3%), from €1.4m to €1.2m
of which Financial debts: -€196,980
- Other debts +€150,143
up €150,143 (+299.8%), from €50,076 to €200,219
- Trade debts -€142,357
down €142,357 (-35.7%), from €398,655 to €256,298
- Reserves -€133,019
down €133,019 (-30.3%), from €439,019 to €306,000
of which Distributable reserves: -€133,019
- Tax, wage and social debts -€38,448
down €38,448 (-36.2%), from €106,297 to €67,849
of which Remuneration and social security: -€35,835
- Gross operating margin +€46,846
up €46,846 (+4.3%), from €1.1m to €1.1m
- Staff costs +€29,897
up €29,897 (+4.7%), from €637,566 to €667,464
- Depreciation +€20,507
up €20,507 (+7.8%), from €263,604 to €284,111
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 | €2,790,742 | €2,423,937 | -€366,805 | -13.1% |
| Formation expenses | 20 | €42,942 | €23,874 | -€19,068 | -44.4% |
| Fixed assets | 21/28 | €1,829,019 | €1,623,699 | -€205,320 | -11.2% |
| Tangible fixed assets | 22/27 | €1,820,019 | €1,623,699 | -€196,320 | -10.8% |
| Land and buildings | 22 | €825,317 | €771,242 | -€54,075 | -6.6% |
| Plant, machinery and equipment | 23 | €791,482 | €668,367 | -€123,114 | -15.6% |
| Furniture and vehicles | 24 | €203,220 | €184,090 | -€19,131 | -9.4% |
| Financial fixed assets | 28 | €9,000 | €0 | -€9,000 | -100.0% |
| Current assets | 29/58 | €918,781 | €776,365 | -€142,417 | -15.5% |
| Stocks and contracts in progress | 3 | €267,288 | €257,258 | -€10,029 | -3.8% |
| Stocks | 30/36 | €267,288 | €257,258 | -€10,029 | -3.8% |
| Amounts receivable within one year | 40/41 | €37,849 | €59,901 | +€22,052 | +58.3% |
| Trade receivables | 40 | €12,669 | €24,046 | +€11,377 | +89.8% |
| Other amounts receivable | 41 | €25,180 | €35,855 | +€10,675 | +42.4% |
| Current investments | 50/53 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €473,994 | €321,114 | -€152,880 | -32.3% |
| Deferred charges and accrued income | 490/1 | €39,651 | €38,092 | -€1,559 | -3.9% |
| Total equity and liabilities | 10/49 | €2,790,742 | €2,423,937 | -€366,805 | -13.1% |
| Equity | 10/15 | €526,019 | €393,000 | -€133,019 | -25.3% |
| Contributions | 10/11 | €87,000 | €87,000 | = | 0.0% |
| Capital | 10 | €87,000 | €87,000 | = | 0.0% |
| Issued capital | 100 | €87,000 | €87,000 | = | 0.0% |
| Reserves | 13 | €439,019 | €306,000 | -€133,019 | -30.3% |
| Non-distributable reserves | 130/1 | €8,700 | €8,700 | = | 0.0% |
| Legal reserve | 130 | €8,700 | €8,700 | = | 0.0% |
| Distributable reserves | 133 | €430,319 | €297,300 | -€133,019 | -30.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €2,264,723 | €2,030,937 | -€233,787 | -10.3% |
| Amounts payable after more than one year | 17 | €1,381,331 | €1,184,351 | -€196,980 | -14.3% |
| Financial debts | 170/4 | €1,377,531 | €1,180,551 | -€196,980 | -14.3% |
| Other amounts payable | 178/9 | €3,800 | €3,800 | = | 0.0% |
| Amounts payable within one year | 42/48 | €856,384 | €834,112 | -€22,272 | -2.6% |
| Current portion of amounts payable after more than one year | 42 | €301,357 | €309,747 | +€8,390 | +2.8% |
| Trade debts | 44 | €398,655 | €256,298 | -€142,357 | -35.7% |
| Suppliers | 440/4 | €398,655 | €256,298 | -€142,357 | -35.7% |
| Taxes, remuneration and social security | 45 | €106,297 | €67,849 | -€38,448 | -36.2% |
| Taxes | 450/3 | €2,720 | €107 | -€2,613 | -96.1% |
| Remuneration and social security | 454/9 | €103,577 | €67,742 | -€35,835 | -34.6% |
| Other amounts payable | 47/48 | €50,076 | €200,219 | +€150,143 | +299.8% |
| Accrued charges and deferred income | 492/3 | €27,007 | €12,473 | -€14,534 | -53.8% |
| Non-recurring operating income | 76A | €52,572 | €104,402 | +€51,831 | +98.6% |
| Remuneration, social security and pensions | 62 | €637,566 | €667,464 | +€29,897 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €263,604 | €284,111 | +€20,507 | +7.8% |
| Other operating charges | 640/8 | €35,480 | €38,047 | +€2,568 | +7.2% |
| Non-recurring operating charges | 66A | €3,514 | €8,251 | +€4,737 | +134.8% |
| Gross operating margin | 9900 | €1,080,772 | €1,127,617 | +€46,846 | +4.3% |
| Operating profit (loss) | 9901 | €140,607 | €129,745 | -€10,863 | -7.7% |
| Financial income | 75/76B | €20,162 | €24,393 | +€4,231 | +21.0% |
| Recurring financial income | 75 | €20,162 | €24,393 | +€4,231 | +21.0% |
| Financial charges | 65/66B | €53,383 | €58,854 | +€5,471 | +10.2% |
| Recurring financial charges | 65 | €50,812 | €49,848 | -€964 | -1.9% |
| Non-recurring financial charges | 66B | €2,571 | €9,006 | +€6,435 | +250.3% |
| Profit (loss) for the period before taxes | 9903 | €107,387 | €95,284 | -€12,103 | -11.3% |
| Income taxes | 67/77 | €20,642 | €28,303 | +€7,661 | +37.1% |
| Profit (loss) for the period | 9904 | €86,745 | €66,981 | -€19,764 | -22.8% |
| Profit (loss) for the period to be appropriated | 9905 | €86,745 | €66,981 | -€19,764 | -22.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.