PARETUS: 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.
PARETUS
Largest movements
- Receivables within one year +€64,292
up €64,292 (+113%), from €56,841 to €121,133
of which Other amounts receivable: +€43,857
- Tangible fixed assets -€11,553
down €11,553 (-21.6%), from €53,582 to €42,029
of which Furniture and vehicles: -€10,723
- Reserves +€56,618
up €56,618 (+11.3%), from €503,269 to €559,887
of which Distributable reserves: +€56,618
- Tax, wage and social debts +€23,787
up €23,787 (+86.3%), from €27,567 to €51,354
- Other debts -€23,386
no longer reported in 2025 (was €23,386)
- Gross operating margin +€98,870
up €98,870 (+66.0%), from €149,878 to €248,748
- Taxes +€40,784
up €40,784 (+116%), from €35,149 to €75,934
- Financial income +€7,258
up €7,258 (+302%), from €2,404 to €9,662
- Depreciation +€5,401
up €5,401 (+87.8%), from €6,151 to €11,553
- Financial charges -€2,560
down €2,560 (-97.5%), from €2,626 to €66
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 | €567,265 | €622,151 | +€54,886 | +9.7% |
| Fixed assets | 21/28 | €53,582 | €42,029 | -€11,553 | -21.6% |
| Tangible fixed assets | 22/27 | €53,582 | €42,029 | -€11,553 | -21.6% |
| Plant, machinery and equipment | 23 | €1,928 | €1,719 | -€209 | -10.8% |
| Furniture and vehicles | 24 | €47,484 | €36,761 | -€10,723 | -22.6% |
| Other tangible fixed assets | 26 | €4,170 | €3,550 | -€620 | -14.9% |
| Current assets | 29/58 | €513,683 | €580,122 | +€66,439 | +12.9% |
| Amounts receivable within one year | 40/41 | €56,841 | €121,133 | +€64,292 | +113% |
| Trade receivables | 40 | €51,270 | €71,704 | +€20,434 | +39.9% |
| Other amounts receivable | 41 | €5,572 | €49,429 | +€43,857 | +787% |
| Cash at bank and in hand | 54/58 | €456,842 | €458,990 | +€2,148 | +0.5% |
| Total equity and liabilities | 10/49 | €567,265 | €622,151 | +€54,886 | +9.7% |
| Equity | 10/15 | €512,569 | €569,187 | +€56,618 | +11.0% |
| Contributions | 10/11 | €9,300 | €9,300 | = | 0.0% |
| Reserves | 13 | €503,269 | €559,887 | +€56,618 | +11.3% |
| Tax-exempt reserves | 132 | €393 | €393 | = | 0.0% |
| Distributable reserves | 133 | €502,875 | €559,494 | +€56,618 | +11.3% |
| Amounts payable | 17/49 | €54,696 | €52,964 | -€1,732 | -3.2% |
| Amounts payable within one year | 42/48 | €52,144 | €52,964 | +€820 | +1.6% |
| Trade debts | 44 | €1,191 | €1,610 | +€419 | +35.2% |
| Suppliers | 440/4 | €1,191 | €1,610 | +€419 | +35.2% |
| Taxes, remuneration and social security | 45 | €27,567 | €51,354 | +€23,787 | +86.3% |
| Taxes | 450/3 | €27,567 | €51,354 | +€23,787 | +86.3% |
| Other amounts payable | 47/48 | €23,386 | - | -€23,386 | |
| Accrued charges and deferred income | 492/3 | €2,552 | - | -€2,552 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,151 | €11,553 | +€5,401 | +87.8% |
| Other operating charges | 640/8 | €997 | €932 | -€65 | -6.5% |
| Non-recurring operating charges | 66A | €23,362 | - | -€23,362 | |
| Gross operating margin | 9900 | €149,878 | €248,748 | +€98,870 | +66.0% |
| Operating profit (loss) | 9901 | €119,367 | €236,263 | +€116,895 | +97.9% |
| Financial income | 75/76B | €2,404 | €9,662 | +€7,258 | +302% |
| Recurring financial income | 75 | €2,404 | €9,662 | +€7,258 | +302% |
| Financial charges | 65/66B | €2,626 | €66 | -€2,560 | -97.5% |
| Recurring financial charges | 65 | €2,626 | €66 | -€2,560 | -97.5% |
| Profit (loss) for the period before taxes | 9903 | €119,146 | €245,859 | +€126,713 | +106% |
| Income taxes | 67/77 | €35,149 | €75,934 | +€40,784 | +116% |
| Profit (loss) for the period | 9904 | €83,996 | €169,925 | +€85,929 | +102% |
| Profit (loss) for the period to be appropriated | 9905 | €83,996 | €169,925 | +€85,929 | +102% |
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 20 October 2026 via checked.be.