PARDEL: 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.
PARDEL
Largest movements
- Financial fixed assets +€2.5m
up €2.5m (+49.4%), from €5.1m to €7.7m
- Cash +€420,487
up €420,487 (+896.8%), from €46,886 to €467,373
mainly Debts after one year (+€2.5m) and Other debts (+€408,211)
- Debts after one year +€2.5m
up €2.5m (+63.7%), from €4.0m to €6.6m
of which Financial debts: +€2.5m
- Other debts +€408,211
up €408,211 (+7.2%), from €5.6m to €6.0m
- Depreciation -€177,336
down €177,336 (-87.6%), from €202,377 to €25,041
- Gross operating margin -€133,710
down €133,710 (-65.1%), from €205,349 to €71,639
- Financial charges +€31,657
up €31,657 (+637.2%), from €4,968 to €36,625
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,952,536 | €15,033,766 | +€3.1m | +25.8% |
| Fixed assets | 21/28 | €11,503,168 | €14,135,384 | +€2.6m | +22.9% |
| Tangible fixed assets | 22/27 | €6,364,095 | €6,458,471 | +€94,376 | +1.5% |
| Land and buildings | 22 | €6,359,575 | €6,443,097 | +€83,523 | +1.3% |
| Plant, machinery and equipment | 23 | - | €5,528 | +€5,528 | |
| Furniture and vehicles | 24 | €4,520 | €9,845 | +€5,325 | +117.8% |
| Financial fixed assets | 28 | €5,139,073 | €7,676,913 | +€2.5m | +49.4% |
| Current assets | 29/58 | €449,368 | €898,382 | +€449,014 | +99.9% |
| Amounts receivable within one year | 40/41 | €402,482 | €431,009 | +€28,527 | +7.1% |
| Trade receivables | 40 | €156,026 | €141,045 | -€14,982 | -9.6% |
| Other amounts receivable | 41 | €246,455 | €289,964 | +€43,509 | +17.7% |
| Cash at bank and in hand | 54/58 | €46,886 | €467,373 | +€420,487 | +896.8% |
| Total equity and liabilities | 10/49 | €11,952,536 | €15,033,766 | +€3.1m | +25.8% |
| Equity | 10/15 | €2,228,831 | €2,237,827 | +€8,996 | +0.4% |
| Contributions | 10/11 | €20,080,000 | €20,080,000 | = | 0.0% |
| Capital | 10 | €20,080,000 | €20,080,000 | = | 0.0% |
| Issued capital | 100 | €20,080,000 | €20,080,000 | = | 0.0% |
| Revaluation surpluses | 12 | €3,891,677 | €3,891,677 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,742,846 | -€21,733,850 | +€8,996 | 0.0% |
| Amounts payable | 17/49 | €9,723,705 | €12,795,939 | +€3.1m | +31.6% |
| Amounts payable after more than one year | 17 | €4,000,900 | €6,550,733 | +€2.5m | +63.7% |
| Financial debts | 170/4 | €4,000,000 | €6,549,833 | +€2.5m | +63.7% |
| Other amounts payable | 178/9 | €900 | €900 | = | 0.0% |
| Amounts payable within one year | 42/48 | €5,722,805 | €6,245,206 | +€522,401 | +9.1% |
| Current portion of amounts payable after more than one year | 42 | - | €2,167 | +€2,167 | |
| Financial debts | 43 | €300 | - | -€300 | |
| Credit institutions | 430/8 | €300 | - | -€300 | |
| Trade debts | 44 | €86,021 | €198,344 | +€112,323 | +130.6% |
| Suppliers | 440/4 | €86,021 | €198,344 | +€112,323 | +130.6% |
| Other amounts payable | 47/48 | €5,636,484 | €6,044,695 | +€408,211 | +7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €202,377 | €25,041 | -€177,336 | -87.6% |
| Other operating charges | 640/8 | €0 | €1,018 | +€1,018 | |
| Operating charges capitalised as restructuring costs | 649 | - | €0 | = | |
| Non-recurring operating charges | 66A | -€387 | - | +€387 | |
| Gross operating margin | 9900 | €205,349 | €71,639 | -€133,710 | -65.1% |
| Operating profit (loss) | 9901 | €3,359 | €45,580 | +€42,221 | +1256.9% |
| Financial income | 75/76B | €1 | €41 | +€40 | +5712.9% |
| Recurring financial income | 75 | €1 | €41 | +€40 | +5712.9% |
| Financial charges | 65/66B | €4,968 | €36,625 | +€31,657 | +637.2% |
| Recurring financial charges | 65 | €4,968 | €36,625 | +€31,657 | +637.2% |
| Profit (loss) for the period before taxes | 9903 | -€1,608 | €8,996 | +€10,604 | |
| Profit (loss) for the period | 9904 | -€1,608 | €8,996 | +€10,604 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,608 | €8,996 | +€10,604 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.