PARGIMMO: 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.
PARGIMMO
Largest movements
- Current investments -€2.1m
no longer reported in 2025 (was €2.1m)
- Cash +€736,200
up €736,200 (+4567.0%), from €16,120 to €752,320
mainly Current investments (+€2.1m) and Depreciation (+€74,603)
- Tangible fixed assets +€113,412
up €113,412 (+6.4%), from €1.8m to €1.9m
- Debts after one year -€1.0m
down €1.0m (-27.8%), from €3.7m to €2.7m
- Profit (loss) carried forward -€170,086
down €170,086 (-44.3%), from -€383,688 to -€553,774
- Trade debts +€40,779
up €40,779 (+154.6%), from €26,377 to €67,157
- Financial charges +€31,858
up €31,858 (+44.5%), from €71,546 to €103,403
- Depreciation +€16,138
up €16,138 (+27.6%), from €58,465 to €74,603
- Financial income +€15,419
up €15,419 (+272.3%), from €5,663 to €21,082
- Gross operating margin -€3,563
down €3,563 (-19.4%), from -€18,395 to -€21,959
- Taxes +€2,927
up €2,927 (+172.3%), from €1,699 to €4,626
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 | €3,922,074 | €2,728,546 | -€1.2m | -30.4% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €1,764,658 | €1,881,520 | +€116,862 | +6.6% |
| Tangible fixed assets | 22/27 | €1,764,658 | €1,878,070 | +€113,412 | +6.4% |
| Land and buildings | 22 | €1,764,658 | €1,878,070 | +€113,412 | +6.4% |
| Financial fixed assets | 28 | - | €3,450 | +€3,450 | |
| Current assets | 29/58 | €2,157,416 | €847,026 | -€1.3m | -60.7% |
| Amounts receivable within one year | 40/41 | €71,349 | €94,706 | +€23,358 | +32.7% |
| Trade receivables | 40 | - | €2,000 | +€2,000 | |
| Other amounts receivable | 41 | €71,349 | €92,706 | +€21,358 | +29.9% |
| Current investments | 50/53 | €2,069,948 | - | -€2.1m | |
| Cash at bank and in hand | 54/58 | €16,120 | €752,320 | +€736,200 | +4567.0% |
| Total equity and liabilities | 10/49 | €3,922,074 | €2,728,546 | -€1.2m | -30.4% |
| Equity | 10/15 | -€111,513 | -€294,997 | -€183,484 | -164.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €253,575 | €240,178 | -€13,398 | -5.3% |
| Tax-exempt reserves | 132 | €253,575 | €240,178 | -€13,398 | -5.3% |
| Profit (loss) carried forward | 14 | -€383,688 | -€553,774 | -€170,086 | -44.3% |
| Provisions and deferred taxes | 16 | €84,525 | €80,105 | -€4,420 | -5.2% |
| Deferred taxes | 168 | €84,525 | €80,105 | -€4,420 | -5.2% |
| Amounts payable | 17/49 | €3,949,062 | €2,943,437 | -€1.0m | -25.5% |
| Amounts payable after more than one year | 17 | €3,730,290 | €2,693,763 | -€1.0m | -27.8% |
| Financial debts | 170/4 | €3,730,290 | €2,693,763 | -€1.0m | -27.8% |
| Amounts payable within one year | 42/48 | €165,757 | €206,537 | +€40,779 | +24.6% |
| Current portion of amounts payable after more than one year | 42 | €129,380 | €129,380 | = | 0.0% |
| Trade debts | 44 | €26,377 | €67,157 | +€40,779 | +154.6% |
| Suppliers | 440/4 | €26,377 | €67,157 | +€40,779 | +154.6% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €10,000 | €10,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €53,014 | €43,137 | -€9,877 | -18.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,465 | €74,603 | +€16,138 | +27.6% |
| Other operating charges | 640/8 | €4,241 | €4,395 | +€154 | +3.6% |
| Gross operating margin | 9900 | -€18,395 | -€21,959 | -€3,563 | -19.4% |
| Operating profit (loss) | 9901 | -€81,101 | -€100,956 | -€19,855 | -24.5% |
| Financial income | 75/76B | €5,663 | €21,082 | +€15,419 | +272.3% |
| Recurring financial income | 75 | €5,663 | €21,082 | +€15,419 | +272.3% |
| Financial charges | 65/66B | €71,546 | €103,403 | +€31,858 | +44.5% |
| Recurring financial charges | 65 | €71,546 | €103,403 | +€31,858 | +44.5% |
| Profit (loss) for the period before taxes | 9903 | -€146,984 | -€183,278 | -€36,295 | -24.7% |
| Transfer from deferred taxes | 780 | €3,801 | €4,420 | +€619 | +16.3% |
| Income taxes | 67/77 | €1,699 | €4,626 | +€2,927 | +172.3% |
| Profit (loss) for the period | 9904 | -€144,882 | -€183,484 | -€38,602 | -26.6% |
| Transfer from tax-exempt reserves | 789 | €11,403 | €13,398 | +€1,995 | +17.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€133,479 | -€170,086 | -€36,607 | -27.4% |
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 3 October 2026 via checked.be.