Parjointco: 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.
What changed
Parjointco
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€670.9m
2024 · -€112.1m+€783.0m
Equity
€3.15bn
2024 · €2.68bn+€470.9m
Cash
€1.2m
2024 · €546,155+€639,035
Balance sheet total
€3.35bn
2024 · €2.90bn+€448.0m
Largest movements
Assets
- Financial fixed assets +€447.3m
up €447.3m (+15.4%), from €2.90bn to €3.35bn
of which Affiliated companies: +€447.3m
Equity and liabilities
- Profit (loss) carried forward +€470.9m
up €470.9m (+36.6%), from €1.29bn to €1.76bn
Income statement
- Financial income +€546.5m
up €546.5m (+437.2%), from €125.0m to €671.5m
of which Non-recurring financial income: +€447.3m
- Financial charges -€236.3m
down €236.3m (-100.0%), from €236.3m to €3,286
of which Non-recurring financial charges: -€236.3m
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
-€112.1m
Other operating charges
-€31
Other operating items
+€192,398
Financial income
+€546.5m
Financial charges
+€236.3m
Taxes
-€0
Result 2025
€670.9m
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.
From operations
+€647.9m
Investment
-€447.3m
Financing
-€200.0m
Cash 2024
€546,155
From operations (derived)
+€647.9m
Net result for the year
+€670.9m
Smaller working-capital items
+€12,030
Other debts
-€23.0m
Investment (derived)
-€447.3m
Investment in fixed assets (net)
-€447.3m
Financing
-€200.0m
Contributions, distributions and other
-€200.0m
Cash 2025
€1.2m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,903,705,793 | €3,351,714,604 | +€448.0m | +15.4% |
| Fixed assets | 21/28 | €2,903,150,871 | €3,350,451,254 | +€447.3m | +15.4% |
| Financial fixed assets | 28 | €2,903,150,871 | €3,350,451,254 | +€447.3m | +15.4% |
| Affiliated companies | 280/1 | €2,903,150,622 | €3,350,451,005 | +€447.3m | +15.4% |
| Participating interests | 280 | €2,903,150,622 | €3,350,451,005 | +€447.3m | +15.4% |
| Other financial fixed assets | 284/8 | €249 | €249 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €249 | €249 | = | 0.0% |
| Current assets | 29/58 | €554,921 | €1,263,351 | +€708,429 | +127.7% |
| Amounts receivable within one year | 40/41 | €8,767 | €78,161 | +€69,394 | +791.6% |
| Other amounts receivable | 41 | €8,767 | €78,161 | +€69,394 | +791.6% |
| Cash at bank and in hand | 54/58 | €546,155 | €1,185,190 | +€639,035 | +117.0% |
| Total equity and liabilities | 10/49 | €2,903,705,793 | €3,351,714,604 | +€448.0m | +15.4% |
| Equity | 10/15 | €2,680,668,768 | €3,151,596,155 | +€470.9m | +17.6% |
| Contributions | 10/11 | €761,649,046 | €761,649,046 | = | 0.0% |
| Capital | 10 | €761,649,046 | €761,649,046 | = | 0.0% |
| Issued capital | 100 | €761,649,046 | €761,649,046 | = | 0.0% |
| Reserves | 13 | €631,573,408 | €631,573,408 | = | 0.0% |
| Non-distributable reserves | 130/1 | €631,573,408 | €631,573,408 | = | 0.0% |
| Legal reserve | 130 | €76,164,905 | €76,164,905 | = | 0.0% |
| Other | 1319 | €555,408,503 | €555,408,503 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,287,446,314 | €1,758,373,702 | +€470.9m | +36.6% |
| Amounts payable | 17/49 | €223,037,025 | €200,118,449 | -€22.9m | -10.3% |
| Amounts payable within one year | 42/48 | €223,037,025 | €200,118,449 | -€22.9m | -10.3% |
| Trade debts | 44 | €37,025 | €118,449 | +€81,424 | +219.9% |
| Suppliers | 440/4 | €37,025 | €118,449 | +€81,424 | +219.9% |
| Other amounts payable | 47/48 | €223,000,000 | €200,000,000 | -€23.0m | -10.3% |
| Operating charges | 60/66A | €714,295 | €521,928 | -€192,367 | -26.9% |
| Services and other goods | 61 | €713,327 | €520,929 | -€192,398 | -27.0% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Operating profit (loss) | 9901 | -€714,295 | -€521,928 | +€192,367 | +26.9% |
| Financial income | 75/76B | €125,000,155 | €671,452,602 | +€546.5m | +437.2% |
| Recurring financial income | 75 | €125,000,155 | €224,152,219 | +€99.2m | +79.3% |
| Income from financial fixed assets | 750 | €125,000,000 | €224,000,000 | +€99.0m | +79.2% |
| Income from current assets | 751 | €155 | €152,115 | +€151,960 | +98159.1% |
| Other financial income | 752/9 | - | €104 | +€104 | |
| Non-recurring financial income | 76B | - | €447,300,382 | +€447.3m | |
| Financial charges | 65/66B | €236,341,329 | €3,286 | -€236.3m | -100.0% |
| Recurring financial charges | 65 | €1,556 | €3,286 | +€1,730 | +111.2% |
| Other financial charges | 652/9 | €1,556 | €3,286 | +€1,730 | +111.2% |
| Non-recurring financial charges | 66B | €236,339,773 | - | -€236.3m | |
| Profit (loss) for the period before taxes | 9903 | -€112,055,469 | €670,927,388 | +€783.0m | |
| Income taxes | 67/77 | -€0 | - | +€0 | |
| Tax adjustments and reversals of tax provisions | 77 | €0 | - | -€0 | |
| Profit (loss) for the period | 9904 | -€112,055,469 | €670,927,388 | +€783.0m | |
| Profit (loss) for the period to be appropriated | 9905 | -€112,055,469 | €670,927,388 | +€783.0m |
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 6 October 2026 via checked.be.