PARCOFIN: 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.
What changed
PARCOFIN
NACE 73.200, Market research and public opinion polling
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€6,895
2024 · €28.8m-€28.8m
Equity
€45.2m
2024 · €45.2m+€6,895
Cash
€110,289
2024 · €71,467+€38,822
Balance sheet total
€213.2m
2024 · €58.8m+€154.4m
Largest movements
Assets
- Financial fixed assets +€154.6m
up €154.6m (+281%), from €55.1m to €209.7m
Equity and liabilities
- Debts after one year +€164.3m
new in 2025: €164.3m
- Other debts -€11.5m
down €11.5m (-84.7%), from €13.5m to €2.1m
Income statement
- Gross operating margin -€29.9m
down €29.9m, from €29.8m to -€63,026
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.
Result 2024
€28.8m
Gross operating margin
-€29.9m
Other operating charges
-€31
Other operating items
+€1.1m
Financial income
+€465
Financial charges
+€379
Taxes
-€2,250
Result 2025
€6,895
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€9.6m
Investment
-€154.6m
Financing
+€164.3m
Cash 2024
€71,467
From operations (derived)
-€9.6m
Net result for the year
+€6,895
Smaller working-capital items
+€272,501
Trade debts
+€1.6m
Other debts
-€11.5m
Investment (derived)
-€154.6m
Investment in fixed assets (net)
-€154.6m
Financing
+€164.3m
Debts after one year
+€164.3m
Cash 2025
€110,289
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €58,832,533 | €213,193,585 | +€154.4m | +262% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €55,112,813 | €209,708,571 | +€154.6m | +281% |
| Financial fixed assets | 28 | €55,112,813 | €209,708,571 | +€154.6m | +281% |
| Current assets | 29/58 | €3,719,719 | €3,485,014 | -€234,705 | -6.3% |
| Amounts receivable within one year | 40/41 | €3,500,280 | €3,296,668 | -€203,612 | -5.8% |
| Trade receivables | 40 | - | €1,877,189 | +€1.9m | |
| Other amounts receivable | 41 | €3,500,280 | €1,419,479 | -€2.1m | -59.4% |
| Current investments | 50/53 | €4,262 | €4,262 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €71,467 | €110,289 | +€38,822 | +54.3% |
| Deferred charges and accrued income | 490/1 | €143,710 | €73,795 | -€69,916 | -48.7% |
| Total equity and liabilities | 10/49 | €58,832,533 | €213,193,585 | +€154.4m | +262% |
| Equity | 10/15 | €45,233,183 | €45,240,078 | +€6,895 | 0.0% |
| Contributions | 10/11 | €125,741 | €125,741 | = | 0.0% |
| Capital | 10 | €125,741 | €125,741 | = | 0.0% |
| Issued capital | 100 | €125,741 | €125,741 | = | 0.0% |
| Reserves | 13 | €554,074 | €554,074 | = | 0.0% |
| Non-distributable reserves | 130/1 | €554,074 | €554,074 | = | 0.0% |
| Legal reserve | 130 | €554,074 | €554,074 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,553,368 | €44,560,263 | +€6,895 | 0.0% |
| Amounts payable | 17/49 | €13,599,350 | €167,953,507 | +€154.4m | +1,135% |
| Amounts payable after more than one year | 17 | - | €164,261,524 | +€164.3m | |
| Other amounts payable | 178/9 | - | €164,261,524 | +€164.3m | |
| Amounts payable within one year | 42/48 | €13,599,350 | €3,691,983 | -€9.9m | -72.9% |
| Trade debts | 44 | €55,576 | €1,620,096 | +€1.6m | +2,815% |
| Suppliers | 440/4 | €55,576 | €1,620,096 | +€1.6m | +2,815% |
| Taxes, remuneration and social security | 45 | €1,027 | - | -€1,027 | |
| Taxes | 450/3 | €1,027 | - | -€1,027 | |
| Other amounts payable | 47/48 | €13,542,747 | €2,071,887 | -€11.5m | -84.7% |
| Non-recurring operating income | 76A | €29,894,773 | - | -€29.9m | |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Non-recurring operating charges | 66A | €1,116,863 | - | -€1.1m | |
| Gross operating margin | 9900 | €29,843,621 | -€63,026 | -€29.9m | |
| Operating profit (loss) | 9901 | €28,725,791 | -€64,024 | -€28.8m | |
| Financial income | 75/76B | €73,330 | €73,795 | +€465 | +0.6% |
| Recurring financial income | 75 | €73,330 | €73,795 | +€465 | +0.6% |
| Financial charges | 65/66B | €1,005 | €626 | -€379 | -37.7% |
| Recurring financial charges | 65 | €1,005 | €626 | -€379 | -37.7% |
| Profit (loss) for the period before taxes | 9903 | €28,798,115 | €9,145 | -€28.8m | -100.0% |
| Income taxes | 67/77 | €0 | €2,250 | +€2,250 | |
| Profit (loss) for the period | 9904 | €28,798,115 | €6,895 | -€28.8m | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €28,798,115 | €6,895 | -€28.8m | -100.0% |
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 18 October 2026 via checked.be.