PARIM: 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.
PARIM
Largest movements
- Receivables within one year +€1.1m
up €1.1m (+93.1%), from €1.1m to €2.2m
of which Other amounts receivable: +€1.2m
- Financial fixed assets -€225,000
down €225,000 (-3.8%), from €5.9m to €5.7m
- Reserves +€1.8m
up €1.8m (+46.6%), from €3.8m to €5.6m
of which Distributable reserves: +€1.8m
- Other debts -€1.0m
down €1.0m (-53.5%), from €2.0m to €910,714
- Tax, wage and social debts +€141,305
up €141,305 (+466.0%), from €30,320 to €171,624
of which Taxes: +€171,624
- Financial income +€542,337
new in 2025: €542,337
- Gross operating margin +€215,377
up €215,377 (+188.9%), from €114,024 to €329,401
- Taxes +€141,305
up €141,305 (+466.0%), from €30,320 to €171,624
- Financial charges +€64,846
up €64,846 (+216154.2%), from €30 to €64,876
of which Financial charges: +€64,846
From the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,041,375 | €7,888,883 | +€847,508 | +12.0% |
| Fixed assets | 21/28 | €5,898,199 | €5,673,199 | -€225,000 | -3.8% |
| Financial fixed assets | 28 | €5,898,199 | €5,673,199 | -€225,000 | -3.8% |
| Current assets | 29/58 | €1,143,176 | €2,215,684 | +€1.1m | +93.8% |
| Amounts receivable within one year | 40/41 | €1,137,134 | €2,195,405 | +€1.1m | +93.1% |
| Trade receivables | 40 | €135,000 | - | -€135,000 | |
| Other amounts receivable | 41 | €1,002,134 | €2,195,405 | +€1.2m | +119.1% |
| Cash at bank and in hand | 54/58 | €6,042 | €2,799 | -€3,243 | -53.7% |
| Deferred charges and accrued income | 490/1 | - | €17,481 | +€17,481 | |
| Total equity and liabilities | 10/49 | €7,041,375 | €7,888,883 | +€847,508 | +12.0% |
| Equity | 10/15 | €5,038,428 | €6,804,046 | +€1.8m | +35.0% |
| Contributions | 10/11 | €1,250,000 | €1,250,000 | = | 0.0% |
| Capital | 10 | €1,250,000 | €1,250,000 | = | 0.0% |
| Issued capital | 100 | €1,250,000 | €1,250,000 | = | 0.0% |
| Reserves | 13 | €3,788,428 | €5,554,046 | +€1.8m | +46.6% |
| Non-distributable reserves | 130/1 | €125,000 | €125,000 | = | 0.0% |
| Legal reserve | 130 | €125,000 | €125,000 | = | 0.0% |
| Distributable reserves | 133 | €3,663,428 | €5,429,046 | +€1.8m | +48.2% |
| Amounts payable | 17/49 | €2,002,948 | €1,084,837 | -€918,111 | -45.8% |
| Amounts payable within one year | 42/48 | €2,002,948 | €1,084,837 | -€918,111 | -45.8% |
| Trade debts | 44 | €14,168 | €2,498 | -€11,670 | -82.4% |
| Suppliers | 440/4 | €14,168 | €2,498 | -€11,670 | -82.4% |
| Taxes, remuneration and social security | 45 | €30,320 | €171,624 | +€141,305 | +466.0% |
| Taxes | 450/3 | - | €171,624 | +€171,624 | |
| Remuneration and social security | 454/9 | €30,320 | - | -€30,320 | |
| Other amounts payable | 47/48 | €1,958,460 | €910,714 | -€1.0m | -53.5% |
| Non-recurring operating income | 76A | - | €14,168 | +€14,168 | |
| Other operating charges | 640/8 | €384 | €1,048 | +€664 | +172.7% |
| Gross operating margin | 9900 | €114,024 | €329,401 | +€215,377 | +188.9% |
| Operating profit (loss) | 9901 | €113,640 | €328,353 | +€214,713 | +188.9% |
| Financial income | 75/76B | - | €542,337 | +€542,337 | |
| Recurring financial income | 75 | - | €542,337 | +€542,337 | |
| Financial charges | 65/66B | €30 | €64,876 | +€64,846 | +216154.2% |
| Recurring financial charges | 65 | €30 | €64,876 | +€64,846 | +216154.2% |
| Non-recurring financial charges | 66B | - | €0 | = | |
| Profit (loss) for the period before taxes | 9903 | €113,610 | €805,814 | +€692,204 | +609.3% |
| Income taxes | 67/77 | €30,320 | €171,624 | +€141,305 | +466.0% |
| Profit (loss) for the period | 9904 | €83,290 | €634,189 | +€550,899 | +661.4% |
| Profit (loss) for the period to be appropriated | 9905 | €83,290 | €634,189 | +€550,899 | +661.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 November 2023 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.