Pardaens: 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.
Pardaens
Largest movements
- Cash -€11,297
down €11,297 (-90.1%), from €12,541 to €1,245
mainly Net result for the year (-€9,358) and Debts after one year (-€9,333)
- Receivables within one year +€7,906
up €7,906 (+51.4%), from €15,387 to €23,293
of which Trade receivables: +€8,087
- Tangible fixed assets -€7,204
down €7,204 (-4.0%), from €180,601 to €173,398
of which Land and buildings: -€5,295
- Trade debts +€14,674
up €14,674 (+331.7%), from €4,424 to €19,098
- Profit (loss) carried forward -€9,358
down €9,358 (-135.7%), from -€6,895 to -€16,253
- Debts after one year -€9,333
down €9,333 (-7.9%), from €118,222 to €108,889
- Other debts -€6,020
down €6,020 (-7.2%), from €83,156 to €77,136
- Gross operating margin -€10,208
down €10,208 (-53.5%), from €19,082 to €8,874
- Financial charges +€2,628
up €2,628 (+49.3%), from €5,330 to €7,958
- Depreciation -€713
down €713 (-8.3%), from €8,593 to €7,881
- Other operating charges +€316
up €316 (+16.8%), from €1,877 to €2,192
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 | €208,775 | €199,123 | -€9,652 | -4.6% |
| Fixed assets | 21/28 | €180,601 | €173,398 | -€7,204 | -4.0% |
| Tangible fixed assets | 22/27 | €180,601 | €173,398 | -€7,204 | -4.0% |
| Land and buildings | 22 | €173,648 | €168,353 | -€5,295 | -3.0% |
| Plant, machinery and equipment | 23 | €6,579 | €5,045 | -€1,535 | -23.3% |
| Furniture and vehicles | 24 | €374 | - | -€374 | |
| Current assets | 29/58 | €28,174 | €25,726 | -€2,449 | -8.7% |
| Amounts receivable within one year | 40/41 | €15,387 | €23,293 | +€7,906 | +51.4% |
| Trade receivables | 40 | €14,240 | €22,327 | +€8,087 | +56.8% |
| Other amounts receivable | 41 | €1,147 | €966 | -€181 | -15.8% |
| Cash at bank and in hand | 54/58 | €12,541 | €1,245 | -€11,297 | -90.1% |
| Deferred charges and accrued income | 490/1 | €245 | €1,188 | +€942 | +383.9% |
| Total equity and liabilities | 10/49 | €208,775 | €199,123 | -€9,652 | -4.6% |
| Equity | 10/15 | -€6,795 | -€16,153 | -€9,358 | -137.7% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,895 | -€16,253 | -€9,358 | -135.7% |
| Amounts payable | 17/49 | €215,571 | €215,276 | -€294 | -0.1% |
| Amounts payable after more than one year | 17 | €118,222 | €108,889 | -€9,333 | -7.9% |
| Financial debts | 170/4 | €118,222 | €108,889 | -€9,333 | -7.9% |
| Amounts payable within one year | 42/48 | €97,348 | €106,388 | +€9,039 | +9.3% |
| Current portion of amounts payable after more than one year | 42 | €9,333 | €9,333 | = | 0.0% |
| Trade debts | 44 | €4,424 | €19,098 | +€14,674 | +331.7% |
| Suppliers | 440/4 | €4,424 | €19,098 | +€14,674 | +331.7% |
| Taxes, remuneration and social security | 45 | €435 | €820 | +€385 | +88.5% |
| Taxes | 450/3 | €435 | €820 | +€385 | +88.5% |
| Other amounts payable | 47/48 | €83,156 | €77,136 | -€6,020 | -7.2% |
| Non-recurring operating income | 76A | - | €2,341 | +€2,341 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,593 | €7,881 | -€713 | -8.3% |
| Other operating charges | 640/8 | €1,877 | €2,192 | +€316 | +16.8% |
| Gross operating margin | 9900 | €19,082 | €8,874 | -€10,208 | -53.5% |
| Operating profit (loss) | 9901 | €8,611 | -€1,199 | -€9,811 | |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Financial charges | 65/66B | €5,330 | €7,958 | +€2,628 | +49.3% |
| Recurring financial charges | 65 | €5,330 | €7,958 | +€2,628 | +49.3% |
| Profit (loss) for the period before taxes | 9903 | €3,282 | -€9,153 | -€12,435 | |
| Income taxes | 67/77 | €330 | €205 | -€126 | -38.0% |
| Profit (loss) for the period | 9904 | €2,951 | -€9,358 | -€12,309 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,951 | -€9,358 | -€12,309 |
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 1 October 2026 via checked.be.