PARISAL: 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.
What changed
PARISAL
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€206,158
2024 · -€206,170+€13
Equity
€2.2m
2024 · €2.4m-€206,158
Cash
€125,942
2024 · €116,878+€9,065
Balance sheet total
€5.2m
2024 · €4.2m+€1.0m
Largest movements
Assets
- Stocks and contracts +€1.2m
up €1.2m (+254%), from €487,279 to €1.7m
- Tangible fixed assets -€219,165
down €219,165 (-6.2%), from €3.5m to €3.3m
Equity and liabilities
- Short-term financial debts +€1.1m
up €1.1m (+268%), from €400,000 to €1.5m
of which Credit institutions: +€860,000
- Profit (loss) carried forward -€206,158
down €206,158 (-435%), from -€47,373 to -€253,531
- Other debts +€155,145
up €155,145 (+13.5%), from €1.2m to €1.3m
Income statement
- Financial charges +€21,888
up €21,888 (+527%), from €4,155 to €26,043
- Depreciation -€21,652
down €21,652 (-9.0%), from €240,817 to €219,165
- Other operating charges +€5,055
up €5,055 (+40.9%), from €12,374 to €17,429
- Gross operating margin +€3,089
up €3,089 (+5.8%), from €53,648 to €56,737
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.
Result 2024
-€206,170
Gross operating margin
+€3,089
Depreciation
+€21,652
Other operating charges
-€5,055
Other operating items
+€2,250
Financial income
-€24
Financial charges
-€21,888
Taxes
-€12
Result 2025
-€206,158
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€1.1m
Investment
€0
Financing
+€1.1m
Cash 2024
€116,878
From operations (derived)
-€1.1m
Net result for the year
-€206,158
Depreciation
+€219,165
Stocks and contracts
-€1.2m
Smaller working-capital items
-€1,149
Deferred charges and accrued income
+€6,097
Other debts
+€155,145
Financing
+€1.1m
Short-term financial debts
+€1.1m
Cash 2025
€125,942
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,199,839 | €5,222,785 | +€1.0m | +24.4% |
| Fixed assets | 21/28 | €3,543,528 | €3,324,363 | -€219,165 | -6.2% |
| Tangible fixed assets | 22/27 | €3,541,228 | €3,322,063 | -€219,165 | -6.2% |
| Land and buildings | 22 | €3,541,228 | €3,322,063 | -€219,165 | -6.2% |
| Financial fixed assets | 28 | €2,300 | €2,300 | = | 0.0% |
| Current assets | 29/58 | €656,311 | €1,898,422 | +€1.2m | +189% |
| Stocks and contracts in progress | 3 | €487,279 | €1,724,477 | +€1.2m | +254% |
| Stocks | 30/36 | €487,279 | €1,724,477 | +€1.2m | +254% |
| Amounts receivable within one year | 40/41 | €33,223 | €35,168 | +€1,945 | +5.9% |
| Trade receivables | 40 | €27,315 | €30,940 | +€3,626 | +13.3% |
| Other amounts receivable | 41 | €5,909 | €4,228 | -€1,681 | -28.4% |
| Cash at bank and in hand | 54/58 | €116,878 | €125,942 | +€9,065 | +7.8% |
| Deferred charges and accrued income | 490/1 | €18,931 | €12,834 | -€6,097 | -32.2% |
| Total equity and liabilities | 10/49 | €4,199,839 | €5,222,785 | +€1.0m | +24.4% |
| Equity | 10/15 | €2,360,827 | €2,154,669 | -€206,158 | -8.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €2,340,000 | €2,340,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€47,373 | -€253,531 | -€206,158 | -435% |
| Amounts payable | 17/49 | €1,839,012 | €3,068,116 | +€1.2m | +66.8% |
| Amounts payable after more than one year | 17 | €250,000 | €250,000 | = | 0.0% |
| Other amounts payable | 178/9 | €250,000 | €250,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,582,018 | €2,811,177 | +€1.2m | +77.7% |
| Financial debts | 43 | €400,000 | €1,473,163 | +€1.1m | +268% |
| Credit institutions | 430/8 | - | €860,000 | +€860,000 | |
| Other loans | 439 | €400,000 | €613,163 | +€213,163 | +53.3% |
| Trade debts | 44 | €30,671 | €31,513 | +€841 | +2.7% |
| Suppliers | 440/4 | €30,671 | €31,513 | +€841 | +2.7% |
| Taxes, remuneration and social security | 45 | €275 | €285 | +€10 | +3.6% |
| Taxes | 450/3 | €275 | €285 | +€10 | +3.6% |
| Other amounts payable | 47/48 | €1,151,072 | €1,306,216 | +€155,145 | +13.5% |
| Accrued charges and deferred income | 492/3 | €6,994 | €6,939 | -€55 | -0.8% |
| Non-recurring operating income | 76A | - | €413 | +€413 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €240,817 | €219,165 | -€21,652 | -9.0% |
| Other operating charges | 640/8 | €12,374 | €17,429 | +€5,055 | +40.9% |
| Non-recurring operating charges | 66A | €2,250 | €0 | -€2,250 | -100% |
| Gross operating margin | 9900 | €53,648 | €56,737 | +€3,089 | +5.8% |
| Operating profit (loss) | 9901 | -€201,793 | -€179,857 | +€21,936 | +10.9% |
| Financial income | 75/76B | €55 | €31 | -€24 | -43.5% |
| Recurring financial income | 75 | €55 | €31 | -€24 | -43.5% |
| Financial charges | 65/66B | €4,155 | €26,043 | +€21,888 | +527% |
| Recurring financial charges | 65 | €4,155 | €26,043 | +€21,888 | +527% |
| Profit (loss) for the period before taxes | 9903 | -€205,893 | -€205,869 | +€25 | 0.0% |
| Income taxes | 67/77 | €277 | €289 | +€12 | +4.3% |
| Profit (loss) for the period | 9904 | -€206,170 | -€206,158 | +€13 | 0.0% |
| Transfer from tax-exempt reserves | 789 | €904,893 | €0 | -€904,893 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €698,722 | -€206,158 | -€904,880 |
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 13 October 2026 via checked.be.