PARK NATIONS: 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
PARK NATIONS
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
-€526,554
2024 · -€1.3m+€726,694
Equity
€16.2m
2024 · €16.8m-€626,554
Cash
€277,884
2024 · €763,750-€485,866
Balance sheet total
€43.5m
2024 · €50.5m-€7.0m
Largest movements
Assets
- Receivables within one year -€6.1m
down €6.1m (-53.5%), from €11.4m to €5.3m
of which Other amounts receivable: -€6.1m
Equity and liabilities
- Debts after one year -€3.1m
down €3.1m (-13.2%), from €23.5m to €20.4m
- Other debts -€2.4m
down €2.4m (-41.2%), from €5.7m to €3.4m
Income statement
- Financial charges -€966,678
down €966,678 (-39.9%), from €2.4m to €1.5m
- Financial income -€218,033
down €218,033 (-65.5%), from €332,955 to €114,922
- Gross operating margin -€27,336
down €27,336 (-1.6%), from €1.7m to €1.7m
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
-€1.3m
Gross operating margin
-€27,336
Depreciation
-€2,265
Write-downs
+€6,997
Other operating charges
+€652
Financial income
-€218,033
Financial charges
+€966,678
Taxes
+€1
Result 2025
-€526,554
raises the resultlowers the result
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
+€3.5m
Investment
-€447,682
Financing
-€3.6m
Cash 2024
€763,750
From operations (derived)
+€3.5m
Net result for the year
-€526,554
Depreciation
+€891,323
Receivables within one year
+€6.1m
Deferred charges and accrued income
-€29,657
Provisions
-€99,462
Trade debts
-€14,259
Tax, wage and social debts
-€147,225
Other debts
-€2.4m
Accrued charges and deferred income
-€285,986
Investment (derived)
-€447,682
Investment in fixed assets (net)
-€447,681
Current investments
-€1
Financing
-€3.6m
Debts after one year
-€3.1m
Short-term financial debts
-€367,535
Contributions, distributions and other
-€100,000
Cash 2025
€277,884
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €50,460,037 | €43,458,913 | -€7.0m | -13.9% |
| Fixed assets | 21/28 | €38,274,238 | €37,830,596 | -€443,642 | -1.2% |
| Tangible fixed assets | 22/27 | €38,272,444 | €37,828,802 | -€443,642 | -1.2% |
| Land and buildings | 22 | €38,272,444 | €37,409,235 | -€863,209 | -2.3% |
| Assets under construction and advance payments | 27 | - | €419,567 | +€419,567 | |
| Financial fixed assets | 28 | €1,794 | €1,794 | = | 0.0% |
| Current assets | 29/58 | €12,185,799 | €5,628,317 | -€6.6m | -53.8% |
| Amounts receivable within one year | 40/41 | €11,409,419 | €5,308,145 | -€6.1m | -53.5% |
| Trade receivables | 40 | €117,971 | €136,502 | +€18,531 | +15.7% |
| Other amounts receivable | 41 | €11,291,448 | €5,171,643 | -€6.1m | -54.2% |
| Current investments | 50/53 | €342 | €343 | +€1 | +0.2% |
| Cash at bank and in hand | 54/58 | €763,750 | €277,884 | -€485,866 | -63.6% |
| Deferred charges and accrued income | 490/1 | €12,288 | €41,946 | +€29,657 | +241% |
| Total equity and liabilities | 10/49 | €50,460,037 | €43,458,913 | -€7.0m | -13.9% |
| Equity | 10/15 | €16,799,419 | €16,172,864 | -€626,554 | -3.7% |
| Contributions | 10/11 | €437,000 | €437,000 | = | 0.0% |
| Capital | 10 | €437,000 | €437,000 | = | 0.0% |
| Issued capital | 100 | €437,000 | €437,000 | = | 0.0% |
| Reserves | 13 | €10,317,300 | €10,018,913 | -€298,386 | -2.9% |
| Non-distributable reserves | 130/1 | €43,700 | €43,700 | = | 0.0% |
| Legal reserve | 130 | €43,700 | €43,700 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,645,377 | €9,346,990 | -€298,386 | -3.1% |
| Distributable reserves | 133 | €628,223 | €628,223 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,045,119 | €5,716,951 | -€328,168 | -5.4% |
| Provisions and deferred taxes | 16 | €3,215,126 | €3,115,663 | -€99,462 | -3.1% |
| Deferred taxes | 168 | €3,215,126 | €3,115,663 | -€99,462 | -3.1% |
| Amounts payable | 17/49 | €30,445,493 | €24,170,385 | -€6.3m | -20.6% |
| Amounts payable after more than one year | 17 | €23,460,000 | €20,365,000 | -€3.1m | -13.2% |
| Financial debts | 170/4 | €23,460,000 | €20,365,000 | -€3.1m | -13.2% |
| Amounts payable within one year | 42/48 | €6,699,507 | €3,805,385 | -€2.9m | -43.2% |
| Financial debts | 43 | €367,535 | - | -€367,535 | |
| Other loans | 439 | €367,535 | - | -€367,535 | |
| Trade debts | 44 | €437,023 | €422,763 | -€14,259 | -3.3% |
| Suppliers | 440/4 | €437,023 | €422,763 | -€14,259 | -3.3% |
| Taxes, remuneration and social security | 45 | €159,938 | €12,713 | -€147,225 | -92.1% |
| Taxes | 450/3 | €159,938 | €12,713 | -€147,225 | -92.1% |
| Other amounts payable | 47/48 | €5,735,012 | €3,369,909 | -€2.4m | -41.2% |
| Accrued charges and deferred income | 492/3 | €285,986 | - | -€285,986 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €889,058 | €891,323 | +€2,265 | +0.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €404 | -€6,593 | -€6,997 | |
| Other operating charges | 640/8 | €101,285 | €100,633 | -€652 | -0.6% |
| Gross operating margin | 9900 | €1,730,038 | €1,702,702 | -€27,336 | -1.6% |
| Operating profit (loss) | 9901 | €739,291 | €717,340 | -€21,951 | -3.0% |
| Financial income | 75/76B | €332,955 | €114,922 | -€218,033 | -65.5% |
| Recurring financial income | 75 | €332,955 | €114,922 | -€218,033 | -65.5% |
| Financial charges | 65/66B | €2,424,956 | €1,458,278 | -€966,678 | -39.9% |
| Recurring financial charges | 65 | €2,424,956 | €1,458,278 | -€966,678 | -39.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,352,710 | -€626,016 | +€726,694 | +53.7% |
| Transfer from deferred taxes | 780 | €99,462 | €99,462 | = | 0.0% |
| Income taxes | 67/77 | €1 | - | -€1 | |
| Profit (loss) for the period | 9904 | -€1,253,248 | -€526,554 | +€726,694 | +58.0% |
| Transfer from tax-exempt reserves | 789 | €298,386 | €298,386 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€954,862 | -€228,168 | +€726,694 | +76.1% |
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 14 October 2026 via checked.be.