PARDSON: 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.
PARDSON
Largest movements
- Receivables within one year +€206,815
up €206,815 (+34.5%), from €599,276 to €806,091
of which Trade receivables: +€315,067
- Stocks and contracts +€204,818
up €204,818 (+113.8%), from €179,907 to €384,725
- Tangible fixed assets -€34,444
down €34,444 (-35.4%), from €97,367 to €62,923
- Trade debts +€328,483
up €328,483 (+56.8%), from €578,376 to €906,859
- Profit (loss) carried forward -€186,011
down €186,011 (-932.3%), from -€19,951 to -€205,962
- Other debts +€148,216
up €148,216 (+1024.3%), from €14,471 to €162,687
- Current portion of long-term debt +€70,105
new in 2024: €70,105
- Debts after one year +€52,412
up €52,412 (+31.4%), from €167,012 to €219,424
- Gross operating margin -€224,860
down €224,860, from €133,657 to -€91,204
- Staff costs -€34,937
down €34,937 (-52.2%), from €66,990 to €32,053
- Write-downs -€32,017
no longer reported in 2024 (was €32,017)
- Depreciation +€17,441
up €17,441 (+95.8%), from €18,203 to €35,644
- Financial charges +€10,812
up €10,812 (+95.5%), from €11,324 to €22,135
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 | €888,991 | €1,262,923 | +€373,932 | +42.1% |
| Fixed assets | 21/28 | €97,367 | €62,923 | -€34,444 | -35.4% |
| Tangible fixed assets | 22/27 | €97,367 | €62,923 | -€34,444 | -35.4% |
| Furniture and vehicles | 24 | €97,367 | €62,923 | -€34,444 | -35.4% |
| Current assets | 29/58 | €791,624 | €1,199,999 | +€408,375 | +51.6% |
| Stocks and contracts in progress | 3 | €179,907 | €384,725 | +€204,818 | +113.8% |
| Stocks | 30/36 | €179,907 | €384,725 | +€204,818 | +113.8% |
| Amounts receivable within one year | 40/41 | €599,276 | €806,091 | +€206,815 | +34.5% |
| Trade receivables | 40 | €486,297 | €801,364 | +€315,067 | +64.8% |
| Other amounts receivable | 41 | €112,978 | €4,726 | -€108,252 | -95.8% |
| Cash at bank and in hand | 54/58 | €3,930 | €5,297 | +€1,366 | +34.8% |
| Deferred charges and accrued income | 490/1 | €8,511 | €3,887 | -€4,624 | -54.3% |
| Total equity and liabilities | 10/49 | €888,991 | €1,262,923 | +€373,932 | +42.1% |
| Equity | 10/15 | -€7,551 | -€193,562 | -€186,011 | -2463.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Outside capital | 11 | - | €12,400 | +€12,400 | |
| Other | 1109/19 | - | €12,400 | +€12,400 | |
| Profit (loss) carried forward | 14 | -€19,951 | -€205,962 | -€186,011 | -932.3% |
| Amounts payable | 17/49 | €896,542 | €1,456,485 | +€559,943 | +62.5% |
| Amounts payable after more than one year | 17 | €167,012 | €219,424 | +€52,412 | +31.4% |
| Financial debts | 170/4 | €167,012 | €219,424 | +€52,412 | +31.4% |
| Amounts payable within one year | 42/48 | €723,547 | €1,237,060 | +€513,513 | +71.0% |
| Current portion of amounts payable after more than one year | 42 | - | €70,105 | +€70,105 | |
| Financial debts | 43 | €62,900 | €75,000 | +€12,100 | +19.2% |
| Credit institutions | 430/8 | €62,900 | €75,000 | +€12,100 | +19.2% |
| Trade debts | 44 | €578,376 | €906,859 | +€328,483 | +56.8% |
| Suppliers | 440/4 | €578,376 | €906,859 | +€328,483 | +56.8% |
| Advances received on contracts in progress | 46 | €43,311 | €22,107 | -€21,204 | -49.0% |
| Taxes, remuneration and social security | 45 | €24,489 | €302 | -€24,187 | -98.8% |
| Taxes | 450/3 | €13,100 | €302 | -€12,798 | -97.7% |
| Remuneration and social security | 454/9 | €11,389 | - | -€11,389 | |
| Other amounts payable | 47/48 | €14,471 | €162,687 | +€148,216 | +1024.3% |
| Accrued charges and deferred income | 492/3 | €5,983 | - | -€5,983 | |
| Non-recurring operating income | 76A | €4,961 | - | -€4,961 | |
| Remuneration, social security and pensions | 62 | €66,990 | €32,053 | -€34,937 | -52.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,203 | €35,644 | +€17,441 | +95.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €32,017 | - | -€32,017 | |
| Other operating charges | 640/8 | €4,145 | €4,574 | +€429 | +10.4% |
| Gross operating margin | 9900 | €133,657 | -€91,204 | -€224,860 | |
| Operating profit (loss) | 9901 | €12,302 | -€163,475 | -€175,776 | |
| Financial income | 75/76B | €1,843 | €1 | -€1,843 | -100.0% |
| Recurring financial income | 75 | €1,843 | €1 | -€1,843 | -100.0% |
| Financial charges | 65/66B | €11,324 | €22,135 | +€10,812 | +95.5% |
| Recurring financial charges | 65 | €11,324 | €22,135 | +€10,812 | +95.5% |
| Profit (loss) for the period before taxes | 9903 | €2,821 | -€185,610 | -€188,431 | |
| Income taxes | 67/77 | €4,930 | €401 | -€4,528 | -91.9% |
| Profit (loss) for the period | 9904 | -€2,108 | -€186,011 | -€183,902 | -8722.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,108 | -€186,011 | -€183,902 | -8722.0% |
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 4 October 2026 via checked.be.