PARCOURS: 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.
PARCOURS
Largest movements
- Tangible fixed assets -€5,972
down €5,972 (-23.5%), from €25,459 to €19,487
- Receivables within one year -€4,574
down €4,574 (-62.9%), from €7,274 to €2,700
of which Trade receivables: -€5,138
- Cash +€3,705
up €3,705 (+14.9%), from €24,825 to €28,529
mainly Depreciation (+€6,183) and Receivables within one year (+€4,574)
- Deferred charges and accrued income +€928
up €928 (+56.0%), from €1,657 to €2,585
- Profit (loss) carried forward -€4,037
new in 2025: -€4,037
- Debts after one year -€2,733
down €2,733 (-27.0%), from €10,123 to €7,390
- Tax, wage and social debts +€1,133
new in 2025: €1,133
- Other debts -€630
down €630 (-10.8%), from €5,828 to €5,198
- Gross operating margin -€8,992
down €8,992 (-42.3%), from €21,244 to €12,252
- Other operating charges +€6,511
up €6,511 (+260%), from €2,508 to €9,020
- Taxes -€4,469
down €4,469 (-95.9%), from €4,659 to €191
- Depreciation +€2,535
up €2,535 (+69.5%), from €3,648 to €6,183
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 | €59,461 | €53,336 | -€6,125 | -10.3% |
| Fixed assets | 21/28 | €25,706 | €19,522 | -€6,183 | -24.1% |
| Intangible fixed assets | 21 | €247 | €35 | -€211 | -85.7% |
| Tangible fixed assets | 22/27 | €25,459 | €19,487 | -€5,972 | -23.5% |
| Furniture and vehicles | 24 | €25,459 | €19,487 | -€5,972 | -23.5% |
| Current assets | 29/58 | €33,755 | €33,814 | +€58 | +0.2% |
| Amounts receivable within one year | 40/41 | €7,274 | €2,700 | -€4,574 | -62.9% |
| Trade receivables | 40 | €6,028 | €890 | -€5,138 | -85.2% |
| Other amounts receivable | 41 | €1,246 | €1,809 | +€563 | +45.2% |
| Cash at bank and in hand | 54/58 | €24,825 | €28,529 | +€3,705 | +14.9% |
| Deferred charges and accrued income | 490/1 | €1,657 | €2,585 | +€928 | +56.0% |
| Total equity and liabilities | 10/49 | €59,461 | €53,336 | -€6,125 | -10.3% |
| Equity | 10/15 | €40,036 | €36,000 | -€4,037 | -10.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €21,436 | €21,436 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €19,436 | €19,436 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€4,037 | -€4,037 | |
| Amounts payable | 17/49 | €19,425 | €17,337 | -€2,088 | -10.7% |
| Amounts payable after more than one year | 17 | €10,123 | €7,390 | -€2,733 | -27.0% |
| Financial debts | 170/4 | €10,123 | €7,390 | -€2,733 | -27.0% |
| Amounts payable within one year | 42/48 | €9,302 | €9,946 | +€645 | +6.9% |
| Current portion of amounts payable after more than one year | 42 | €2,613 | €2,733 | +€119 | +4.6% |
| Trade debts | 44 | €860 | €882 | +€22 | +2.6% |
| Suppliers | 440/4 | €860 | €882 | +€22 | +2.6% |
| Taxes, remuneration and social security | 45 | - | €1,133 | +€1,133 | |
| Taxes | 450/3 | - | €1,133 | +€1,133 | |
| Other amounts payable | 47/48 | €5,828 | €5,198 | -€630 | -10.8% |
| Non-recurring operating income | 76A | €3,276 | - | -€3,276 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,648 | €6,183 | +€2,535 | +69.5% |
| Other operating charges | 640/8 | €2,508 | €9,020 | +€6,511 | +260% |
| Non-recurring operating charges | 66A | €540 | - | -€540 | |
| Gross operating margin | 9900 | €21,244 | €12,252 | -€8,992 | -42.3% |
| Operating profit (loss) | 9901 | €14,548 | -€2,951 | -€17,499 | |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €737 | €895 | +€159 | +21.5% |
| Recurring financial charges | 65 | €737 | €895 | +€159 | +21.5% |
| Profit (loss) for the period before taxes | 9903 | €13,812 | -€3,846 | -€17,658 | |
| Income taxes | 67/77 | €4,659 | €191 | -€4,469 | -95.9% |
| Profit (loss) for the period | 9904 | €9,153 | -€4,037 | -€13,190 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,153 | -€4,037 | -€13,190 |
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.