PARENOV: 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.
PARENOV
Largest movements
- Tangible fixed assets -€28,116
down €28,116 (-23.8%), from €117,999 to €89,883
of which Furniture and vehicles: -€25,873
- Cash +€21,081
up €21,081 (+80.5%), from €26,182 to €47,262
mainly Depreciation (+€28,116) and Net result for the year (+€25,207)
- Receivables within one year +€21,078
up €21,078 (+122%), from €17,308 to €38,387
of which Trade receivables: +€29,429
- Stocks and contracts +€5,976
up €5,976 (+140%), from €4,259 to €10,235
- Debts after one year -€30,922
down €30,922 (-32.8%), from €94,375 to €63,453
- Profit (loss) carried forward +€25,207
up €25,207 (+75.9%), from €33,200 to €58,407
- Tax, wage and social debts +€16,356
up €16,356 (+150%), from €10,907 to €27,264
- Advances received +€6,202
new in 2025: €6,202
- Trade debts +€2,716
up €2,716 (+28.1%), from €9,664 to €12,380
- Staff costs +€33,197
up €33,197 (+26.6%), from €124,820 to €158,017
- Gross operating margin +€29,656
up €29,656 (+14.8%), from €200,249 to €229,905
- Depreciation +€4,046
up €4,046 (+16.8%), from €24,070 to €28,116
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 | €175,811 | €196,714 | +€20,903 | +11.9% |
| Fixed assets | 21/28 | €119,999 | €91,883 | -€28,116 | -23.4% |
| Tangible fixed assets | 22/27 | €117,999 | €89,883 | -€28,116 | -23.8% |
| Plant, machinery and equipment | 23 | €8,357 | €6,114 | -€2,243 | -26.8% |
| Furniture and vehicles | 24 | €109,641 | €83,768 | -€25,873 | -23.6% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €55,812 | €104,831 | +€49,019 | +87.8% |
| Stocks and contracts in progress | 3 | €4,259 | €10,235 | +€5,976 | +140% |
| Stocks | 30/36 | €4,259 | €10,235 | +€5,976 | +140% |
| Amounts receivable within one year | 40/41 | €17,308 | €38,387 | +€21,078 | +122% |
| Trade receivables | 40 | €8,019 | €37,448 | +€29,429 | +367% |
| Other amounts receivable | 41 | €9,289 | €938 | -€8,351 | -89.9% |
| Cash at bank and in hand | 54/58 | €26,182 | €47,262 | +€21,081 | +80.5% |
| Deferred charges and accrued income | 490/1 | €8,064 | €8,947 | +€883 | +11.0% |
| Total equity and liabilities | 10/49 | €175,811 | €196,714 | +€20,903 | +11.9% |
| Equity | 10/15 | €35,200 | €60,407 | +€25,207 | +71.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,200 | €58,407 | +€25,207 | +75.9% |
| Amounts payable | 17/49 | €140,611 | €136,307 | -€4,304 | -3.1% |
| Amounts payable after more than one year | 17 | €94,375 | €63,453 | -€30,922 | -32.8% |
| Financial debts | 170/4 | €94,375 | €63,453 | -€30,922 | -32.8% |
| Amounts payable within one year | 42/48 | €46,235 | €72,854 | +€26,619 | +57.6% |
| Current portion of amounts payable after more than one year | 42 | €25,664 | €27,008 | +€1,345 | +5.2% |
| Trade debts | 44 | €9,664 | €12,380 | +€2,716 | +28.1% |
| Suppliers | 440/4 | €9,664 | €12,380 | +€2,716 | +28.1% |
| Advances received on contracts in progress | 46 | - | €6,202 | +€6,202 | |
| Taxes, remuneration and social security | 45 | €10,907 | €27,264 | +€16,356 | +150% |
| Taxes | 450/3 | €10,907 | €27,264 | +€16,356 | +150% |
| Remuneration, social security and pensions | 62 | €124,820 | €158,017 | +€33,197 | +26.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,070 | €28,116 | +€4,046 | +16.8% |
| Other operating charges | 640/8 | €5,259 | €4,941 | -€318 | -6.1% |
| Non-recurring operating charges | 66A | €105 | - | -€105 | |
| Gross operating margin | 9900 | €200,249 | €229,905 | +€29,656 | +14.8% |
| Operating profit (loss) | 9901 | €45,994 | €38,831 | -€7,163 | -15.6% |
| Financial income | 75/76B | €181 | €299 | +€118 | +65.3% |
| Recurring financial income | 75 | €181 | €299 | +€118 | +65.3% |
| Financial charges | 65/66B | €4,529 | €5,898 | +€1,370 | +30.2% |
| Recurring financial charges | 65 | €4,529 | €5,898 | +€1,370 | +30.2% |
| Profit (loss) for the period before taxes | 9903 | €41,647 | €33,232 | -€8,415 | -20.2% |
| Income taxes | 67/77 | €8,447 | €8,025 | -€421 | -5.0% |
| Profit (loss) for the period | 9904 | €33,200 | €25,207 | -€7,994 | -24.1% |
| Profit (loss) for the period to be appropriated | 9905 | €33,200 | €25,207 | -€7,994 | -24.1% |
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 15 October 2026 via checked.be.