PARDUYNS: 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.
What changed
PARDUYNS
NACE 25.639, Manufacture of fabricated metal products, except machinery and equipment
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€22,754
2024 · €363,246-€340,492
Equity
€4.2m
2024 · €4.2m+€21,130
Cash
€246,616
2024 · €313,329-€66,712
Balance sheet total
€8.1m
2024 · €7.1m+€951,216
Largest movements
Assets
- Stocks and contracts +€571,959
up €571,959 (+28.0%), from €2.0m to €2.6m
of which Stocks: +€460,821
- Tangible fixed assets +€370,862
up €370,862 (+127.1%), from €291,872 to €662,734
of which Plant, machinery and equipment: +€342,424
- Receivables within one year +€274,180
up €274,180 (+8.0%), from €3.4m to €3.7m
of which Trade receivables: +€664,833
- Financial fixed assets -€138,227
down €138,227 (-99.5%), from €138,927 to €700
- Intangible fixed assets -€92,585
down €92,585 (-11.4%), from €815,186 to €722,601
Equity and liabilities
- Trade debts +€793,498
up €793,498 (+94.8%), from €837,349 to €1.6m
- Tax, wage and social debts +€265,381
up €265,381 (+54.9%), from €483,706 to €749,086
of which Remuneration and social security: +€265,597
- Other debts -€124,604
down €124,604 (-89.9%), from €138,654 to €14,051
Income statement
- Turnover +€3.9m
up €3.9m (+27.3%), from €14.2m to €18.0m
- Staff costs +€2.2m
up €2.2m (+90.2%), from €2.5m to €4.7m
- Goods and materials +€1.4m
up €1.4m (+14.4%), from €9.7m to €11.1m
of which Purchases: +€1.5m
- Services and other goods +€451,251
up €451,251 (+30.6%), from €1.5m to €1.9m
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.
Result 2024
€363,246
Turnover
+€3.9m
Other operating income
-€85,667
Goods and materials
-€1.4m
Services and other goods
-€451,251
Staff costs
-€2.2m
Depreciation
-€74,562
Write-downs
+€1,686
Other operating charges
-€14,247
Other operating items
+€75,976
Financial income
-€24,467
Financial charges
-€28,081
Taxes
+€1,498
Result 2025
€22,754
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.
From operations
+€426,591
Investment
-€501,094
Financing
+€7,790
Cash 2024
€313,329
From operations (derived)
+€426,591
Net result for the year
+€22,754
Depreciation
+€361,044
Stocks and contracts
-€571,959
Receivables within one year
-€274,180
Deferred charges and accrued income
-€31,740
Trade debts
+€793,498
Tax, wage and social debts
+€265,381
Advances received
-€30,750
Other debts
-€124,604
Accrued charges and deferred income
+€17,147
Investment (derived)
-€501,094
Investment in fixed assets (net)
-€501,094
Financing
+€7,790
Debts after one year
+€14,700
Current portion of long-term debt
+€57,605
Short-term financial debts
-€62,891
Contributions, distributions and other
-€1,624
Cash 2025
€246,616
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,098,805 | €8,050,021 | +€951,216 | +13.4% |
| Fixed assets | 21/28 | €1,245,985 | €1,386,035 | +€140,050 | +11.2% |
| Intangible fixed assets | 21 | €815,186 | €722,601 | -€92,585 | -11.4% |
| Tangible fixed assets | 22/27 | €291,872 | €662,734 | +€370,862 | +127.1% |
| Plant, machinery and equipment | 23 | €151,580 | €494,004 | +€342,424 | +225.9% |
| Furniture and vehicles | 24 | €140,292 | €120,414 | -€19,878 | -14.2% |
| Assets under construction and advance payments | 27 | - | €48,316 | +€48,316 | |
| Financial fixed assets | 28 | €138,927 | €700 | -€138,227 | -99.5% |
| Other financial fixed assets | 284/8 | €138,927 | €700 | -€138,227 | -99.5% |
| Shares | 284 | €137,642 | - | -€137,642 | |
| Amounts receivable and cash guarantees | 285/8 | €1,286 | €700 | -€586 | -45.6% |
| Current assets | 29/58 | €5,852,820 | €6,663,986 | +€811,167 | +13.9% |
| Stocks and contracts in progress | 3 | €2,039,155 | €2,611,115 | +€571,959 | +28.0% |
| Stocks | 30/36 | €2,039,155 | €2,499,977 | +€460,821 | +22.6% |
| Goods purchased for resale | 34 | €2,039,155 | €2,499,977 | +€460,821 | +22.6% |
| Contracts in progress | 37 | - | €111,138 | +€111,138 | |
| Amounts receivable within one year | 40/41 | €3,429,987 | €3,704,167 | +€274,180 | +8.0% |
| Trade receivables | 40 | €2,977,778 | €3,642,611 | +€664,833 | +22.3% |
| Other amounts receivable | 41 | €452,209 | €61,556 | -€390,653 | -86.4% |
| Cash at bank and in hand | 54/58 | €313,329 | €246,616 | -€66,712 | -21.3% |
| Deferred charges and accrued income | 490/1 | €70,348 | €102,088 | +€31,740 | +45.1% |
| Total equity and liabilities | 10/49 | €7,098,805 | €8,050,021 | +€951,216 | +13.4% |
| Equity | 10/15 | €4,220,732 | €4,241,863 | +€21,130 | +0.5% |
| Contributions | 10/11 | €329,758 | €329,758 | = | 0.0% |
| Capital | 10 | €324,586 | €324,586 | = | 0.0% |
| Issued capital | 100 | €324,586 | €324,586 | = | 0.0% |
| Outside capital | 11 | €5,172 | €5,172 | = | 0.0% |
| Share premium | 1100/10 | €5,172 | €5,172 | = | 0.0% |
| Reserves | 13 | €3,881,337 | €3,904,090 | +€22,754 | +0.6% |
| Non-distributable reserves | 130/1 | €35,365 | €35,365 | = | 0.0% |
| Legal reserve | 130 | €32,459 | €32,459 | = | 0.0% |
| Other | 1319 | €2,906 | €2,906 | = | 0.0% |
| Distributable reserves | 133 | €3,845,971 | €3,868,725 | +€22,754 | +0.6% |
| Investment grants | 15 | €9,638 | €8,014 | -€1,624 | -16.8% |
| Amounts payable | 17/49 | €2,878,072 | €3,808,159 | +€930,086 | +32.3% |
| Amounts payable after more than one year | 17 | €851,190 | €865,890 | +€14,700 | +1.7% |
| Financial debts | 170/4 | €851,190 | €865,890 | +€14,700 | +1.7% |
| Credit institutions | 173 | €851,190 | €865,890 | +€14,700 | +1.7% |
| Amounts payable within one year | 42/48 | €2,026,882 | €2,925,121 | +€898,239 | +44.3% |
| Current portion of amounts payable after more than one year | 42 | €185,714 | €243,319 | +€57,605 | +31.0% |
| Financial debts | 43 | €350,709 | €287,818 | -€62,891 | -17.9% |
| Credit institutions | 430/8 | €350,709 | €287,818 | -€62,891 | -17.9% |
| Trade debts | 44 | €837,349 | €1,630,847 | +€793,498 | +94.8% |
| Suppliers | 440/4 | €837,349 | €1,630,847 | +€793,498 | +94.8% |
| Advances received on contracts in progress | 46 | €30,750 | - | -€30,750 | |
| Taxes, remuneration and social security | 45 | €483,706 | €749,086 | +€265,381 | +54.9% |
| Taxes | 450/3 | €203,399 | €203,183 | -€216 | -0.1% |
| Remuneration and social security | 454/9 | €280,306 | €545,903 | +€265,597 | +94.8% |
| Other amounts payable | 47/48 | €138,654 | €14,051 | -€124,604 | -89.9% |
| Accrued charges and deferred income | 492/3 | - | €17,147 | +€17,147 | |
| Operating income | 70/76A | €14,308,294 | €18,202,804 | +€3.9m | +27.2% |
| Turnover | 70 | €14,167,477 | €18,035,699 | +€3.9m | +27.3% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | - | €111,138 | +€111,138 | |
| Other operating income | 74 | €140,818 | €55,150 | -€85,667 | -60.8% |
| Non-recurring operating income | 76A | - | €818 | +€818 | |
| Operating charges | 60/66A | €13,930,116 | €18,114,068 | +€4.2m | +30.0% |
| Goods for resale, raw materials and consumables | 60 | €9,708,191 | €11,102,372 | +€1.4m | +14.4% |
| Purchases | 600/8 | €10,055,746 | €11,576,586 | +€1.5m | +15.1% |
| Change in stocks: decrease (increase) | 609 | -€347,555 | -€474,214 | -€126,660 | -36.4% |
| Services and other goods | 61 | €1,475,589 | €1,926,841 | +€451,251 | +30.6% |
| Remuneration, social security and pensions | 62 | €2,455,255 | €4,670,672 | +€2.2m | +90.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €286,482 | €361,044 | +€74,562 | +26.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,686 | - | -€1,686 | |
| Other operating charges | 640/8 | €2,837 | €17,083 | +€14,247 | +502.3% |
| Non-recurring operating charges | 66A | €76 | €36,056 | +€35,980 | +47279.6% |
| Operating profit (loss) | 9901 | €378,178 | €88,736 | -€289,442 | -76.5% |
| Financial income | 75/76B | €136,092 | €111,625 | -€24,467 | -18.0% |
| Recurring financial income | 75 | €136,092 | €111,625 | -€24,467 | -18.0% |
| Income from current assets | 751 | €2,394 | €1,628 | -€766 | -32.0% |
| Other financial income | 752/9 | €133,698 | €109,997 | -€23,701 | -17.7% |
| Financial charges | 65/66B | €54,859 | €82,939 | +€28,081 | +51.2% |
| Recurring financial charges | 65 | €54,859 | €82,939 | +€28,081 | +51.2% |
| Debt charges | 650 | €46,465 | €76,323 | +€29,858 | +64.3% |
| Other financial charges | 652/9 | €8,394 | €6,616 | -€1,777 | -21.2% |
| Profit (loss) for the period before taxes | 9903 | €459,412 | €117,422 | -€341,990 | -74.4% |
| Income taxes | 67/77 | €96,166 | €94,668 | -€1,498 | -1.6% |
| Taxes | 670/3 | €169,893 | €94,668 | -€75,225 | -44.3% |
| Tax adjustments and reversals of tax provisions | 77 | €73,727 | - | -€73,727 | |
| Profit (loss) for the period | 9904 | €363,246 | €22,754 | -€340,492 | -93.7% |
| Profit (loss) for the period to be appropriated | 9905 | €363,246 | €22,754 | -€340,492 | -93.7% |
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 30 September 2026 via checked.be.