PARDON: 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.
PARDON
Largest movements
- Current investments +€222,279
up €222,279 (+19.2%), from €1.2m to €1.4m
- Receivables within one year -€80,359
down €80,359 (-19.1%), from €420,320 to €339,962
- Cash +€73,382
up €73,382 (+37.3%), from €196,883 to €270,266
mainly Accrued charges and deferred income (+€212,208) and Receivables within one year (+€80,359)
- Accrued charges and deferred income +€212,208
up €212,208 (+802.6%), from €26,441 to €238,649
- Tax, wage and social debts -€47,637
down €47,637 (-86.8%), from €54,904 to €7,267
of which Taxes: -€47,637
- Other debts +€29,091
up €29,091 (+36.6%), from €79,467 to €108,558
- Reserves +€26,467
up €26,467 (+1.9%), from €1.4m to €1.4m
of which Distributable reserves: +€26,467
- Financial income -€5,638
down €5,638 (-18.9%), from €29,771 to €24,133
- Taxes +€3,216
up €3,216 (+10.2%), from €31,501 to €34,717
- Gross operating margin +€3,107
up €3,107 (+2.8%), from €110,274 to €113,380
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 | €1,807,386 | €2,022,524 | +€215,137 | +11.9% |
| Fixed assets | 21/28 | €23,453 | €24,286 | +€834 | +3.6% |
| Tangible fixed assets | 22/27 | €23,453 | €24,286 | +€834 | +3.6% |
| Plant, machinery and equipment | 23 | €23,453 | €24,286 | +€834 | +3.6% |
| Current assets | 29/58 | €1,783,934 | €1,998,237 | +€214,304 | +12.0% |
| Amounts receivable within one year | 40/41 | €420,320 | €339,962 | -€80,359 | -19.1% |
| Other amounts receivable | 41 | €420,320 | €339,962 | -€80,359 | -19.1% |
| Current investments | 50/53 | €1,156,875 | €1,379,154 | +€222,279 | +19.2% |
| Cash at bank and in hand | 54/58 | €196,883 | €270,266 | +€73,382 | +37.3% |
| Deferred charges and accrued income | 490/1 | €9,855 | €8,856 | -€999 | -10.1% |
| Total equity and liabilities | 10/49 | €1,807,386 | €2,022,524 | +€215,137 | +11.9% |
| Equity | 10/15 | €1,641,533 | €1,668,000 | +€26,467 | +1.6% |
| Contributions | 10/11 | €62,124 | €62,124 | = | 0.0% |
| Capital | 10 | €62,124 | €62,124 | = | 0.0% |
| Issued capital | 100 | €62,124 | €62,124 | = | 0.0% |
| Reserves | 13 | €1,421,890 | €1,448,357 | +€26,467 | +1.9% |
| Non-distributable reserves | 130/1 | €82,712 | €82,712 | = | 0.0% |
| Legal reserve | 130 | €82,712 | €82,712 | = | 0.0% |
| Tax-exempt reserves | 132 | €979,002 | €979,002 | = | 0.0% |
| Distributable reserves | 133 | €360,176 | €386,643 | +€26,467 | +7.3% |
| Profit (loss) carried forward | 14 | €157,519 | €157,519 | = | 0.0% |
| Amounts payable | 17/49 | €165,853 | €354,524 | +€188,671 | +113.8% |
| Amounts payable within one year | 42/48 | €139,412 | €115,875 | -€23,537 | -16.9% |
| Trade debts | 44 | €5,041 | €51 | -€4,990 | -99.0% |
| Suppliers | 440/4 | €5,041 | €51 | -€4,990 | -99.0% |
| Taxes, remuneration and social security | 45 | €54,904 | €7,267 | -€47,637 | -86.8% |
| Taxes | 450/3 | €54,704 | €7,067 | -€47,637 | -87.1% |
| Remuneration and social security | 454/9 | €200 | €200 | = | 0.0% |
| Other amounts payable | 47/48 | €79,467 | €108,558 | +€29,091 | +36.6% |
| Accrued charges and deferred income | 492/3 | €26,441 | €238,649 | +€212,208 | +802.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,961 | €5,075 | +€1,114 | +28.1% |
| Other operating charges | 640/8 | €18,704 | €19,538 | +€834 | +4.5% |
| Gross operating margin | 9900 | €110,274 | €113,380 | +€3,107 | +2.8% |
| Operating profit (loss) | 9901 | €87,609 | €88,767 | +€1,159 | +1.3% |
| Financial income | 75/76B | €29,771 | €24,133 | -€5,638 | -18.9% |
| Recurring financial income | 75 | €29,771 | €24,133 | -€5,638 | -18.9% |
| Financial charges | 65/66B | €2,954 | €3,126 | +€171 | +5.8% |
| Recurring financial charges | 65 | €2,954 | €3,126 | +€171 | +5.8% |
| Profit (loss) for the period before taxes | 9903 | €114,426 | €109,775 | -€4,651 | -4.1% |
| Transfer from deferred taxes | 780 | €11,863 | - | -€11,863 | |
| Income taxes | 67/77 | €31,501 | €34,717 | +€3,216 | +10.2% |
| Profit (loss) for the period | 9904 | €94,788 | €75,057 | -€19,731 | -20.8% |
| Profit (loss) for the period to be appropriated | 9905 | €94,788 | €75,057 | -€19,731 | -20.8% |
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 6 October 2026 via checked.be.