PARENO: what changed
Two financial 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.
PARENO
Largest movements
- Stocks and contracts +€4.6m
up €4.6m (+122%), from €3.8m to €8.4m
- Receivables within one year -€3.6m
down €3.6m (-92.7%), from €3.8m to €278,639
of which Trade receivables: -€3.6m
- Other debts +€1.1m
up €1.1m (+56.1%), from €1.9m to €3.0m
- Short-term financial debts +€377,200
up €377,200 (+8.0%), from €4.7m to €5.1m
- Trade debts -€210,219
down €210,219 (-24.4%), from €860,954 to €650,735
- Profit (loss) carried forward -€162,246
down €162,246, from €70,583 to -€91,663
- Gross operating margin -€343,209
down €343,209 (-99.8%), from €344,044 to €835
- Financial charges -€181,812
down €181,812 (-52.9%), from €343,793 to €161,981
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.
Derived cash bridge
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 | €7,633,228 | €8,711,993 | +€1.1m | +14.1% |
| Formation expenses | 20 | €336 | €94 | -€242 | -72.1% |
| Fixed assets | 21/28 | - | €5,000 | +€5,000 | |
| Financial fixed assets | 28 | - | €5,000 | +€5,000 | |
| Current assets | 29/58 | €7,632,892 | €8,706,899 | +€1.1m | +14.1% |
| Stocks and contracts in progress | 3 | €3,786,181 | €8,419,298 | +€4.6m | +122% |
| Stocks | 30/36 | €3,786,181 | €8,419,298 | +€4.6m | +122% |
| Amounts receivable within one year | 40/41 | €3,840,005 | €278,639 | -€3.6m | -92.7% |
| Trade receivables | 40 | €3,700,000 | €138,639 | -€3.6m | -96.3% |
| Other amounts receivable | 41 | €140,005 | €140,000 | -€5 | 0.0% |
| Cash at bank and in hand | 54/58 | €6,706 | €8,962 | +€2,256 | +33.6% |
| Total equity and liabilities | 10/49 | €7,633,228 | €8,711,993 | +€1.1m | +14.1% |
| Equity | 10/15 | €120,583 | -€41,663 | -€162,246 | |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €70,583 | -€91,663 | -€162,246 | |
| Amounts payable | 17/49 | €7,512,645 | €8,753,656 | +€1.2m | +16.5% |
| Amounts payable within one year | 42/48 | €7,510,533 | €8,748,564 | +€1.2m | +16.5% |
| Financial debts | 43 | €4,740,000 | €5,117,200 | +€377,200 | +8.0% |
| Credit institutions | 430/8 | €4,740,000 | €5,117,200 | +€377,200 | +8.0% |
| Trade debts | 44 | €860,954 | €650,735 | -€210,219 | -24.4% |
| Suppliers | 440/4 | €860,954 | €650,735 | -€210,219 | -24.4% |
| Other amounts payable | 47/48 | €1,909,579 | €2,980,629 | +€1.1m | +56.1% |
| Accrued charges and deferred income | 492/3 | €2,112 | €5,092 | +€2,980 | +141% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €242 | €242 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,093 | €858 | -€235 | -21.5% |
| Gross operating margin | 9900 | €344,044 | €835 | -€343,209 | -99.8% |
| Operating profit (loss) | 9901 | €342,709 | -€265 | -€342,974 | |
| Financial charges | 65/66B | €343,793 | €161,981 | -€181,812 | -52.9% |
| Recurring financial charges | 65 | €343,793 | €161,981 | -€181,812 | -52.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,084 | -€162,246 | -€161,162 | -14,867% |
| Profit (loss) for the period | 9904 | -€1,084 | -€162,246 | -€161,162 | -14,867% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,084 | -€162,246 | -€161,162 | -14,867% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.