PARK AVENUE: what changed
What changed
PARK AVENUE
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€347,297
2024 · €189,338+€157,959
Equity
€13.3m
2024 · €13.0m+€347,297
Cash
€71,379
2024 · €58,531+€12,848
Balance sheet total
€25.3m
2024 · €24.8m+€515,279
Largest movements
Assets
- Financial fixed assets +€489,231
up €489,231 (+215%), from €228,029 to €717,260
- Receivables within one year +€339,252
up €339,252 (+5.1%), from €6.6m to €6.9m
of which Other amounts receivable: +€190,993
- Tangible fixed assets -€317,309
down €317,309 (-1.8%), from €17.9m to €17.6m
of which Land and buildings: -€315,183
Equity and liabilities
- Debts after one year -€560,000
down €560,000 (-5.5%), from €10.2m to €9.7m
- Trade debts +€434,976
up €434,976 (+119%), from €364,374 to €799,350
- Profit (loss) carried forward +€347,297
up €347,297 (+3.1%), from -€11.3m to -€11.0m
- Accrued charges and deferred income +€300,616
up €300,616 (+103%), from €292,946 to €593,562
Income statement
- Gross operating margin +€202,312
up €202,312 (+18.4%), from €1.1m to €1.3m
- Financial charges -€190,764
down €190,764 (-32.7%), from €583,019 to €392,255
- Financial income -€175,161
down €175,161 (-36.1%), from €485,415 to €310,254
- Write-downs +€52,158
up €52,158 (+87.3%), from -€59,771 to -€7,613
- Depreciation +€24,291
up €24,291 (+5.5%), from €439,684 to €463,974
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€189,338
Gross operating margin
+€202,312
Depreciation
-€24,291
Write-downs
-€52,158
Other operating charges
+€16,493
Financial income
-€175,161
Financial charges
+€190,764
Result 2025
€347,297
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1.2m
Investment
-€635,897
Financing
-€560,000
Cash 2024
€58,531
From operations (derived)
+€1.2m
Net result for the year
+€347,297
Depreciation
+€463,974
Receivables within one year
-€339,252
Deferred charges and accrued income
+€8,744
Trade debts
+€434,976
Tax, wage and social debts
-€5,392
Other debts
-€2,217
Accrued charges and deferred income
+€300,616
Investment (derived)
-€635,897
Investment in fixed assets (net)
-€635,897
Financing
-€560,000
Debts after one year
-€560,000
Cash 2025
€71,379
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €24,766,668 | €25,281,947 | +€515,279 | +2.1% |
| Fixed assets | 21/28 | €18,111,323 | €18,283,245 | +€171,923 | +0.9% |
| Tangible fixed assets | 22/27 | €17,883,294 | €17,565,985 | -€317,309 | -1.8% |
| Land and buildings | 22 | €17,821,500 | €17,506,316 | -€315,183 | -1.8% |
| Plant, machinery and equipment | 23 | €61,794 | €59,669 | -€2,125 | -3.4% |
| Financial fixed assets | 28 | €228,029 | €717,260 | +€489,231 | +215% |
| Current assets | 29/58 | €6,655,345 | €6,998,702 | +€343,357 | +5.2% |
| Amounts receivable within one year | 40/41 | €6,588,070 | €6,927,323 | +€339,252 | +5.1% |
| Trade receivables | 40 | €673,705 | €821,964 | +€148,259 | +22.0% |
| Other amounts receivable | 41 | €5,914,365 | €6,105,359 | +€190,993 | +3.2% |
| Cash at bank and in hand | 54/58 | €58,531 | €71,379 | +€12,848 | +22.0% |
| Deferred charges and accrued income | 490/1 | €8,744 | - | -€8,744 | |
| Total equity and liabilities | 10/49 | €24,766,668 | €25,281,947 | +€515,279 | +2.1% |
| Equity | 10/15 | €13,001,628 | €13,348,924 | +€347,297 | +2.7% |
| Contributions | 10/11 | €24,298,975 | €24,298,975 | = | 0.0% |
| Capital | 10 | €24,298,975 | €24,298,975 | = | 0.0% |
| Issued capital | 100 | €24,298,975 | €24,298,975 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,297,347 | -€10,950,051 | +€347,297 | +3.1% |
| Amounts payable | 17/49 | €11,765,040 | €11,933,023 | +€167,983 | +1.4% |
| Amounts payable after more than one year | 17 | €10,220,000 | €9,660,000 | -€560,000 | -5.5% |
| Financial debts | 170/4 | €10,220,000 | €9,660,000 | -€560,000 | -5.5% |
| Amounts payable within one year | 42/48 | €1,252,095 | €1,679,461 | +€427,367 | +34.1% |
| Current portion of amounts payable after more than one year | 42 | €560,000 | €560,000 | = | 0.0% |
| Trade debts | 44 | €364,374 | €799,350 | +€434,976 | +119% |
| Suppliers | 440/4 | €364,374 | €799,350 | +€434,976 | +119% |
| Taxes, remuneration and social security | 45 | €5,392 | - | -€5,392 | |
| Taxes | 450/3 | €5,392 | - | -€5,392 | |
| Other amounts payable | 47/48 | €322,328 | €320,112 | -€2,217 | -0.7% |
| Accrued charges and deferred income | 492/3 | €292,946 | €593,562 | +€300,616 | +103% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €439,684 | €463,974 | +€24,291 | +5.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€59,771 | -€7,613 | +€52,158 | +87.3% |
| Other operating charges | 640/8 | €432,123 | €415,630 | -€16,493 | -3.8% |
| Gross operating margin | 9900 | €1,098,977 | €1,301,289 | +€202,312 | +18.4% |
| Operating profit (loss) | 9901 | €286,941 | €429,297 | +€142,356 | +49.6% |
| Financial income | 75/76B | €485,415 | €310,254 | -€175,161 | -36.1% |
| Recurring financial income | 75 | €485,415 | €310,254 | -€175,161 | -36.1% |
| Financial charges | 65/66B | €583,019 | €392,255 | -€190,764 | -32.7% |
| Recurring financial charges | 65 | €583,019 | €392,255 | -€190,764 | -32.7% |
| Profit (loss) for the period before taxes | 9903 | €189,338 | €347,297 | +€157,959 | +83.4% |
| Profit (loss) for the period | 9904 | €189,338 | €347,297 | +€157,959 | +83.4% |
| Profit (loss) for the period to be appropriated | 9905 | €189,338 | €347,297 | +€157,959 | +83.4% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 December 2024 and 30 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.