PARGESTION: 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.
PARGESTION
Largest movements
- Current investments -€87,487
down €87,487 (-24.0%), from €364,989 to €277,502
- Receivables within one year -€37,657
down €37,657 (-49.7%), from €75,742 to €38,085
of which Trade receivables: -€31,514
- Cash +€29,796
up €29,796 (+134.5%), from €22,159 to €51,955
mainly Current investments (+€87,487) and Receivables within one year (+€37,657)
- Tangible fixed assets -€10,941
down €10,941 (-21.7%), from €50,306 to €39,365
of which Furniture and vehicles: -€10,330
- Other debts -€99,909
down €99,909 (-75.6%), from €132,157 to €32,248
- Trade debts -€7,856
down €7,856 (-96.7%), from €8,120 to €265
- Gross operating margin -€130,970
down €130,970, from €126,930 to -€4,040
- Taxes -€32,450
down €32,450 (-94.2%), from €34,459 to €2,009
- Financial income -€14,815
down €14,815 (-31.8%), from €46,565 to €31,750
- Depreciation +€9,169
up €9,169 (+517.3%), from €1,773 to €10,941
- Other operating charges -€2,476
down €2,476 (-64.1%), from €3,862 to €1,386
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 | €517,642 | €411,522 | -€106,120 | -20.5% |
| Fixed assets | 21/28 | €50,389 | €39,448 | -€10,941 | -21.7% |
| Tangible fixed assets | 22/27 | €50,306 | €39,365 | -€10,941 | -21.7% |
| Plant, machinery and equipment | 23 | €611 | €0 | -€611 | -100.0% |
| Furniture and vehicles | 24 | €49,695 | €39,365 | -€10,330 | -20.8% |
| Financial fixed assets | 28 | €83 | €83 | = | 0.0% |
| Current assets | 29/58 | €467,253 | €372,074 | -€95,179 | -20.4% |
| Amounts receivable within one year | 40/41 | €75,742 | €38,085 | -€37,657 | -49.7% |
| Trade receivables | 40 | €45,393 | €13,878 | -€31,514 | -69.4% |
| Other amounts receivable | 41 | €30,350 | €24,207 | -€6,143 | -20.2% |
| Current investments | 50/53 | €364,989 | €277,502 | -€87,487 | -24.0% |
| Cash at bank and in hand | 54/58 | €22,159 | €51,955 | +€29,796 | +134.5% |
| Deferred charges and accrued income | 490/1 | €4,363 | €4,532 | +€169 | +3.9% |
| Total equity and liabilities | 10/49 | €517,642 | €411,522 | -€106,120 | -20.5% |
| Equity | 10/15 | €364,729 | €364,729 | = | 0.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €362,229 | €362,229 | = | 0.0% |
| Distributable reserves | 133 | €362,229 | €362,229 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €152,914 | €46,793 | -€106,120 | -69.4% |
| Amounts payable within one year | 42/48 | €152,914 | €46,768 | -€106,146 | -69.4% |
| Trade debts | 44 | €8,120 | €265 | -€7,856 | -96.7% |
| Suppliers | 440/4 | €8,120 | €265 | -€7,856 | -96.7% |
| Taxes, remuneration and social security | 45 | €12,636 | €14,255 | +€1,619 | +12.8% |
| Taxes | 450/3 | €12,636 | €14,255 | +€1,619 | +12.8% |
| Other amounts payable | 47/48 | €132,157 | €32,248 | -€99,909 | -75.6% |
| Accrued charges and deferred income | 492/3 | - | €26 | +€26 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,773 | €10,941 | +€9,169 | +517.3% |
| Other operating charges | 640/8 | €3,862 | €1,386 | -€2,476 | -64.1% |
| Gross operating margin | 9900 | €126,930 | -€4,040 | -€130,970 | |
| Operating profit (loss) | 9901 | €121,295 | -€16,368 | -€137,663 | |
| Financial income | 75/76B | €46,565 | €31,750 | -€14,815 | -31.8% |
| Recurring financial income | 75 | €46,565 | €31,750 | -€14,815 | -31.8% |
| Financial charges | 65/66B | €1,244 | €1,119 | -€125 | -10.1% |
| Recurring financial charges | 65 | €1,244 | €1,119 | -€125 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €166,616 | €14,264 | -€152,352 | -91.4% |
| Income taxes | 67/77 | €34,459 | €2,009 | -€32,450 | -94.2% |
| Profit (loss) for the period | 9904 | €132,157 | €12,255 | -€119,902 | -90.7% |
| Profit (loss) for the period to be appropriated | 9905 | €132,157 | €12,255 | -€119,902 | -90.7% |
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 8 October 2026 via checked.be.