PARFRAY: 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.
PARFRAY
Largest movements
- Tangible fixed assets +€26,290
up €26,290 (+9.4%), from €280,314 to €306,605
of which Furniture and vehicles: +€45,492
- Trade debts +€37,774
up €37,774 (+1995.1%), from €1,893 to €39,668
- Debts after one year -€27,114
down €27,114 (-6.3%), from €428,248 to €401,134
of which Financial debts: -€30,976
- Profit (loss) carried forward +€24,581
up €24,581 (+1130.9%), from €2,173 to €26,754
- Accrued charges and deferred income -€8,090
down €8,090 (-51.2%), from €15,799 to €7,709
- Gross operating margin +€15,520
up €15,520 (+19.5%), from €79,423 to €94,943
- Financial charges -€10,748
down €10,748 (-49.4%), from €21,762 to €11,014
- Taxes +€7,762
up €7,762 (+176.7%), from €4,392 to €12,154
- Write-downs -€5,445
no longer reported in 2025 (was €5,445)
- Other operating charges +€4,693
up €4,693 (+59.4%), from €7,899 to €12,592
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €631,614 | €664,115 | +€32,501 | +5.1% |
| Fixed assets | 21/28 | €619,889 | €646,180 | +€26,290 | +4.2% |
| Tangible fixed assets | 22/27 | €280,314 | €306,605 | +€26,290 | +9.4% |
| Land and buildings | 22 | €272,610 | €253,498 | -€19,112 | -7.0% |
| Furniture and vehicles | 24 | €7,190 | €52,682 | +€45,492 | +632.7% |
| Other tangible fixed assets | 26 | €515 | €425 | -€90 | -17.5% |
| Financial fixed assets | 28 | €339,575 | €339,575 | = | 0.0% |
| Current assets | 29/58 | €11,725 | €17,935 | +€6,210 | +53.0% |
| Cash at bank and in hand | 54/58 | €9,766 | €16,363 | +€6,597 | +67.5% |
| Deferred charges and accrued income | 490/1 | €1,959 | €1,572 | -€386 | -19.7% |
| Total equity and liabilities | 10/49 | €631,614 | €664,115 | +€32,501 | +5.1% |
| Equity | 10/15 | €78,424 | €103,004 | +€24,581 | +31.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €63,850 | €63,850 | = | 0.0% |
| Distributable reserves | 133 | €63,850 | €63,850 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,173 | €26,754 | +€24,581 | +1130.9% |
| Amounts payable | 17/49 | €553,191 | €561,111 | +€7,920 | +1.4% |
| Amounts payable after more than one year | 17 | €428,248 | €401,134 | -€27,114 | -6.3% |
| Financial debts | 170/4 | €73,274 | €42,298 | -€30,976 | -42.3% |
| Other amounts payable | 178/9 | €354,973 | €358,835 | +€3,862 | +1.1% |
| Amounts payable within one year | 42/48 | €109,144 | €152,268 | +€43,124 | +39.5% |
| Current portion of amounts payable after more than one year | 42 | €36,465 | €39,645 | +€3,180 | +8.7% |
| Financial debts | 43 | €3,883 | - | -€3,883 | |
| Credit institutions | 430/8 | €3,883 | - | -€3,883 | |
| Trade debts | 44 | €1,893 | €39,668 | +€37,774 | +1995.1% |
| Suppliers | 440/4 | €1,893 | €39,668 | +€37,774 | +1995.1% |
| Taxes, remuneration and social security | 45 | €8,885 | €15,040 | +€6,155 | +69.3% |
| Taxes | 450/3 | €8,885 | €15,040 | +€6,155 | +69.3% |
| Other amounts payable | 47/48 | €58,018 | €57,915 | -€103 | -0.2% |
| Accrued charges and deferred income | 492/3 | €15,799 | €7,709 | -€8,090 | -51.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,760 | €34,603 | -€3,157 | -8.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,445 | - | -€5,445 | |
| Other operating charges | 640/8 | €7,899 | €12,592 | +€4,693 | +59.4% |
| Gross operating margin | 9900 | €79,423 | €94,943 | +€15,520 | +19.5% |
| Operating profit (loss) | 9901 | €28,319 | €47,748 | +€19,429 | +68.6% |
| Financial income | 75/76B | €9 | - | -€9 | |
| Recurring financial income | 75 | €9 | - | -€9 | |
| Financial charges | 65/66B | €21,762 | €11,014 | -€10,748 | -49.4% |
| Recurring financial charges | 65 | €21,762 | €11,014 | -€10,748 | -49.4% |
| Profit (loss) for the period before taxes | 9903 | €6,566 | €36,734 | +€30,169 | +459.5% |
| Income taxes | 67/77 | €4,392 | €12,154 | +€7,762 | +176.7% |
| Profit (loss) for the period | 9904 | €2,173 | €24,581 | +€22,407 | +1030.9% |
| Profit (loss) for the period to be appropriated | 9905 | €2,173 | €24,581 | +€22,407 | +1030.9% |
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 28 September 2026 via checked.be.