PARENOBATI: 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.
PARENOBATI
Largest movements
- Cash +€116,988
up €116,988 (+32.9%), from €355,115 to €472,103
mainly Net result for the year (+€95,010) and Accrued charges and deferred income (+€84,644)
- Tangible fixed assets -€23,077
down €23,077 (-4.3%), from €533,410 to €510,333
of which Land and buildings: -€13,416
- Receivables within one year -€20,194
down €20,194 (-21.7%), from €92,981 to €72,786
of which Trade receivables: -€24,153
- Stocks and contracts +€15,000
new in 2025: €15,000
- Accrued charges and deferred income +€84,644
up €84,644 (+177%), from €47,773 to €132,417
- Reserves +€35,000
up €35,000 (+8.0%), from €437,860 to €472,860
of which Distributable reserves: +€35,000
- Debts after one year -€33,945
down €33,945 (-10.2%), from €333,233 to €299,288
- Other debts +€20,051
up €20,051 (+44.8%), from €44,780 to €64,831
- Staff costs +€43,271
up €43,271 (+17.9%), from €241,304 to €284,575
- Depreciation +€10,369
up €10,369 (+24.9%), from €41,574 to €51,943
- Gross operating margin +€9,793
up €9,793 (+2.1%), from €474,523 to €484,317
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 | €987,161 | €1,078,940 | +€91,779 | +9.3% |
| Fixed assets | 21/28 | €533,773 | €510,696 | -€23,077 | -4.3% |
| Tangible fixed assets | 22/27 | €533,410 | €510,333 | -€23,077 | -4.3% |
| Land and buildings | 22 | €435,508 | €422,092 | -€13,416 | -3.1% |
| Plant, machinery and equipment | 23 | €12,108 | €10,135 | -€1,973 | -16.3% |
| Furniture and vehicles | 24 | €85,795 | €78,106 | -€7,689 | -9.0% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €453,388 | €568,244 | +€114,856 | +25.3% |
| Stocks and contracts in progress | 3 | - | €15,000 | +€15,000 | |
| Stocks | 30/36 | - | €15,000 | +€15,000 | |
| Amounts receivable within one year | 40/41 | €92,981 | €72,786 | -€20,194 | -21.7% |
| Trade receivables | 40 | €92,971 | €68,818 | -€24,153 | -26.0% |
| Other amounts receivable | 41 | €10 | €3,968 | +€3,958 | +40,935% |
| Cash at bank and in hand | 54/58 | €355,115 | €472,103 | +€116,988 | +32.9% |
| Deferred charges and accrued income | 490/1 | €5,292 | €8,354 | +€3,062 | +57.9% |
| Total equity and liabilities | 10/49 | €987,161 | €1,078,940 | +€91,779 | +9.3% |
| Equity | 10/15 | €459,188 | €494,198 | +€35,010 | +7.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €437,860 | €472,860 | +€35,000 | +8.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €436,000 | €471,000 | +€35,000 | +8.0% |
| Profit (loss) carried forward | 14 | €2,728 | €2,738 | +€10 | +0.4% |
| Amounts payable | 17/49 | €527,973 | €584,742 | +€56,769 | +10.8% |
| Amounts payable after more than one year | 17 | €333,233 | €299,288 | -€33,945 | -10.2% |
| Financial debts | 170/4 | €333,233 | €299,288 | -€33,945 | -10.2% |
| Amounts payable within one year | 42/48 | €146,968 | €153,038 | +€6,069 | +4.1% |
| Current portion of amounts payable after more than one year | 42 | €41,851 | €33,945 | -€7,906 | -18.9% |
| Trade debts | 44 | €30,220 | €31,321 | +€1,101 | +3.6% |
| Suppliers | 440/4 | €30,220 | €31,321 | +€1,101 | +3.6% |
| Taxes, remuneration and social security | 45 | €30,117 | €22,941 | -€7,176 | -23.8% |
| Taxes | 450/3 | €14,123 | €4,279 | -€9,844 | -69.7% |
| Remuneration and social security | 454/9 | €15,994 | €18,662 | +€2,667 | +16.7% |
| Other amounts payable | 47/48 | €44,780 | €64,831 | +€20,051 | +44.8% |
| Accrued charges and deferred income | 492/3 | €47,773 | €132,417 | +€84,644 | +177% |
| Remuneration, social security and pensions | 62 | €241,304 | €284,575 | +€43,271 | +17.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,574 | €51,943 | +€10,369 | +24.9% |
| Other operating charges | 640/8 | €2,609 | €2,985 | +€376 | +14.4% |
| Gross operating margin | 9900 | €474,523 | €484,317 | +€9,793 | +2.1% |
| Operating profit (loss) | 9901 | €189,036 | €144,813 | -€44,223 | -23.4% |
| Financial income | 75/76B | €1,337 | €1,630 | +€292 | +21.9% |
| Recurring financial income | 75 | €1,337 | €1,630 | +€292 | +21.9% |
| Financial charges | 65/66B | €8,624 | €7,672 | -€952 | -11.0% |
| Recurring financial charges | 65 | €8,624 | €7,672 | -€952 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | €181,750 | €138,771 | -€42,979 | -23.6% |
| Income taxes | 67/77 | €44,650 | €43,762 | -€888 | -2.0% |
| Profit (loss) for the period | 9904 | €137,100 | €95,010 | -€42,090 | -30.7% |
| Profit (loss) for the period to be appropriated | 9905 | €137,100 | €95,010 | -€42,090 | -30.7% |
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 17 October 2026 via checked.be.