PARCOM: 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.
PARCOM
Largest movements
- Tangible fixed assets -€78,976
down €78,976 (-6.6%), from €1.2m to €1.1m
of which Land and buildings: -€77,948
- Cash +€17,134
up €17,134 (+11.0%), from €155,259 to €172,393
mainly Net result for the year (+€175,470) and Depreciation (+€78,976)
- Debts after one year -€40,000
down €40,000 (-18.5%), from €216,667 to €176,667
- Reserves +€21,470
up €21,470 (+2.8%), from €775,836 to €797,306
of which Distributable reserves: +€36,232
- Gross operating margin -€15,370
down €15,370 (-4.2%), from €368,012 to €352,642
- Taxes -€4,575
down €4,575 (-6.7%), from €67,985 to €63,411
- Depreciation -€3,958
down €3,958 (-4.8%), from €82,934 to €78,976
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 | €1,477,900 | €1,430,668 | -€47,232 | -3.2% |
| Fixed assets | 21/28 | €1,260,447 | €1,181,471 | -€78,976 | -6.3% |
| Tangible fixed assets | 22/27 | €1,192,150 | €1,113,175 | -€78,976 | -6.6% |
| Land and buildings | 22 | €1,191,123 | €1,113,175 | -€77,948 | -6.5% |
| Plant, machinery and equipment | 23 | €1,028 | €0 | -€1,028 | -100% |
| Financial fixed assets | 28 | €68,296 | €68,296 | = | 0.0% |
| Current assets | 29/58 | €217,453 | €249,196 | +€31,744 | +14.6% |
| Amounts receivable within one year | 40/41 | €62,194 | €76,804 | +€14,610 | +23.5% |
| Trade receivables | 40 | €59,340 | €69,005 | +€9,665 | +16.3% |
| Other amounts receivable | 41 | €2,854 | €7,799 | +€4,945 | +173% |
| Cash at bank and in hand | 54/58 | €155,259 | €172,393 | +€17,134 | +11.0% |
| Total equity and liabilities | 10/49 | €1,477,900 | €1,430,668 | -€47,232 | -3.2% |
| Equity | 10/15 | €943,236 | €964,706 | +€21,470 | +2.3% |
| Contributions | 10/11 | €167,400 | €167,400 | = | 0.0% |
| Reserves | 13 | €775,836 | €797,306 | +€21,470 | +2.8% |
| Non-distributable reserves | 130/1 | €16,740 | €16,740 | = | 0.0% |
| Reserves not available under the articles | 1311 | €16,740 | €16,740 | = | 0.0% |
| Tax-exempt reserves | 132 | €209,363 | €194,601 | -€14,761 | -7.1% |
| Distributable reserves | 133 | €549,733 | €585,965 | +€36,232 | +6.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €86,444 | €78,843 | -€7,601 | -8.8% |
| Provisions for liabilities and charges | 160/5 | €86,444 | €78,843 | -€7,601 | -8.8% |
| Taxes | 161 | €86,444 | €78,843 | -€7,601 | -8.8% |
| Amounts payable | 17/49 | €448,220 | €387,118 | -€61,102 | -13.6% |
| Amounts payable after more than one year | 17 | €216,667 | €176,667 | -€40,000 | -18.5% |
| Financial debts | 170/4 | €216,667 | €176,667 | -€40,000 | -18.5% |
| Amounts payable within one year | 42/48 | €231,553 | €210,451 | -€21,102 | -9.1% |
| Current portion of amounts payable after more than one year | 42 | €40,000 | €40,000 | = | 0.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,457 | €4,230 | +€2,773 | +190% |
| Suppliers | 440/4 | €1,457 | €4,230 | +€2,773 | +190% |
| Taxes, remuneration and social security | 45 | €13,084 | €174 | -€12,909 | -98.7% |
| Taxes | 450/3 | €13,084 | €174 | -€12,909 | -98.7% |
| Other amounts payable | 47/48 | €177,012 | €166,047 | -€10,966 | -6.2% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,934 | €78,976 | -€3,958 | -4.8% |
| Other operating charges | 640/8 | €37,892 | €39,061 | +€1,170 | +3.1% |
| Non-recurring operating charges | 66A | €1,471 | €0 | -€1,471 | -100% |
| Gross operating margin | 9900 | €368,012 | €352,642 | -€15,370 | -4.2% |
| Operating profit (loss) | 9901 | €245,716 | €234,604 | -€11,111 | -4.5% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €4,279 | €3,325 | -€954 | -22.3% |
| Recurring financial charges | 65 | €4,279 | €3,325 | -€954 | -22.3% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €241,437 | €231,280 | -€10,157 | -4.2% |
| Transfer from deferred taxes | 780 | €7,601 | €7,601 | = | 0.0% |
| Income taxes | 67/77 | €67,985 | €63,411 | -€4,575 | -6.7% |
| Profit (loss) for the period | 9904 | €181,053 | €175,470 | -€5,582 | -3.1% |
| Transfer from tax-exempt reserves | 789 | €14,761 | €14,761 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €195,814 | €190,232 | -€5,582 | -2.9% |
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 27 October 2026 via checked.be.