PARGESIM: 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.
PARGESIM
Largest movements
- Cash -€8,615
down €8,615 (-62.5%), from €13,776 to €5,161
mainly Current investments (-€8,000) and Investment in fixed assets (net) (-€6,341)
- Current investments +€8,000
up €8,000 (+29.6%), from €27,000 to €35,000
- Receivables within one year -€6,677
down €6,677 (-35.2%), from €18,953 to €12,277
of which Trade receivables: -€10,733
- Tangible fixed assets +€2,405
up €2,405 (+7.4%), from €32,316 to €34,722
of which Furniture and vehicles: +€4,125
- Profit (loss) carried forward -€3,703
down €3,703 (-144%), from -€2,563 to -€6,266
- Tax, wage and social debts -€1,650
down €1,650 (-45.1%), from €3,660 to €2,010
- Gross operating margin -€26,243
down €26,243 (-87.1%), from €30,120 to €3,877
- Taxes -€8,575
down €8,575 (-95.8%), from €8,953 to €379
- Depreciation +€1,236
up €1,236 (+45.8%), from €2,699 to €3,936
- Other operating charges +€681
up €681 (+23.3%), from €2,925 to €3,606
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 | €122,046 | €117,159 | -€4,887 | -4.0% |
| Fixed assets | 21/28 | €32,316 | €34,722 | +€2,405 | +7.4% |
| Tangible fixed assets | 22/27 | €32,316 | €34,722 | +€2,405 | +7.4% |
| Land and buildings | 22 | €24,946 | €24,079 | -€868 | -3.5% |
| Plant, machinery and equipment | 23 | €6,438 | €5,586 | -€852 | -13.2% |
| Furniture and vehicles | 24 | €932 | €5,057 | +€4,125 | +442% |
| Current assets | 29/58 | €89,730 | €82,437 | -€7,292 | -8.1% |
| Amounts receivable after more than one year | 29 | €30,000 | €30,000 | = | 0.0% |
| Other amounts receivable | 291 | €30,000 | €30,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €18,953 | €12,277 | -€6,677 | -35.2% |
| Trade receivables | 40 | €13,098 | €2,366 | -€10,733 | -81.9% |
| Other amounts receivable | 41 | €5,855 | €9,911 | +€4,056 | +69.3% |
| Current investments | 50/53 | €27,000 | €35,000 | +€8,000 | +29.6% |
| Cash at bank and in hand | 54/58 | €13,776 | €5,161 | -€8,615 | -62.5% |
| Total equity and liabilities | 10/49 | €122,046 | €117,159 | -€4,887 | -4.0% |
| Equity | 10/15 | €118,260 | €114,557 | -€3,703 | -3.1% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | €74,368 | €74,368 | = | 0.0% |
| Issued capital | 100 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €46,455 | €46,455 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,834 | €3,834 | = | 0.0% |
| Legal reserve | 130 | €3,834 | €3,834 | = | 0.0% |
| Distributable reserves | 133 | €42,621 | €42,621 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,563 | -€6,266 | -€3,703 | -144% |
| Amounts payable | 17/49 | €3,786 | €2,602 | -€1,184 | -31.3% |
| Amounts payable within one year | 42/48 | €3,786 | €2,602 | -€1,184 | -31.3% |
| Trade debts | 44 | €126 | €592 | +€466 | +370% |
| Suppliers | 440/4 | €126 | €592 | +€466 | +370% |
| Taxes, remuneration and social security | 45 | €3,660 | €2,010 | -€1,650 | -45.1% |
| Taxes | 450/3 | €3,660 | €2,010 | -€1,650 | -45.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,699 | €3,936 | +€1,236 | +45.8% |
| Other operating charges | 640/8 | €2,925 | €3,606 | +€681 | +23.3% |
| Gross operating margin | 9900 | €30,120 | €3,877 | -€26,243 | -87.1% |
| Operating profit (loss) | 9901 | €24,496 | -€3,664 | -€28,160 | |
| Financial income | 75/76B | €251 | €532 | +€281 | +112% |
| Recurring financial income | 75 | €251 | €532 | +€281 | +112% |
| Financial charges | 65/66B | €193 | €192 | -€1 | -0.4% |
| Recurring financial charges | 65 | €193 | €192 | -€1 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | €24,554 | -€3,324 | -€27,878 | |
| Income taxes | 67/77 | €8,953 | €379 | -€8,575 | -95.8% |
| Profit (loss) for the period | 9904 | €15,601 | -€3,703 | -€19,304 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,601 | -€3,703 | -€19,304 |
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 18 October 2026 via checked.be.