Park West: 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 West
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€64,985
2024 · -€66,936+€1,951
Equity
€231,817
2024 · €296,802-€64,985
Cash
€3,089
2024 · €3,625-€536
Balance sheet total
€811,827
2024 · €803,600+€8,227
Largest movements
Assets
- Receivables after one year +€17,363
up €17,363 (+6.0%), from €289,378 to €306,740
Equity and liabilities
- Other debts +€76,575
up €76,575 (+32.4%), from €236,266 to €312,841
- Profit (loss) carried forward -€64,985
down €64,985 (-48.6%), from -€133,798 to -€198,783
- Debts after one year -€24,776
down €24,776 (-19.2%), from €128,845 to €104,068
- Accrued charges and deferred income +€19,438
up €19,438 (+29.3%), from €66,441 to €85,879
Income statement
- Gross operating margin +€4,737
up €4,737 (+9.1%), from -€52,045 to -€47,308
- Financial charges +€3,003
up €3,003 (+15.1%), from €19,956 to €22,959
- Financial income +€983
up €983 (+6.0%), from €16,380 to €17,363
- Other operating charges +€833
up €833 (+165%), from €505 to €1,339
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
-€66,936
Gross operating margin
+€4,737
Depreciation
-€370
Other operating charges
-€833
Other operating items
-€37
Financial income
+€983
Financial charges
-€3,003
Taxes
+€476
Result 2025
-€64,985
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
+€25,897
Investment
-€2,134
Financing
-€24,299
Cash 2024
€3,625
From operations (derived)
+€25,897
Net result for the year
-€64,985
Depreciation
+€10,012
Receivables after one year
-€17,363
Receivables within one year
-€390
Deferred charges and accrued income
+€1,112
Trade debts
+€1,498
Other debts
+€76,575
Accrued charges and deferred income
+€19,438
Investment (derived)
-€2,134
Investment in fixed assets (net)
-€2,134
Financing
-€24,299
Debts after one year
-€24,776
Current portion of long-term debt
+€477
Cash 2025
€3,089
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €803,600 | €811,827 | +€8,227 | +1.0% |
| Fixed assets | 21/28 | €480,819 | €472,942 | -€7,877 | -1.6% |
| Tangible fixed assets | 22/27 | €480,819 | €472,942 | -€7,877 | -1.6% |
| Land and buildings | 22 | €239,878 | €230,488 | -€9,390 | -3.9% |
| Furniture and vehicles | 24 | €240,941 | €242,454 | +€1,513 | +0.6% |
| Current assets | 29/58 | €322,780 | €338,885 | +€16,105 | +5.0% |
| Amounts receivable after more than one year | 29 | €289,378 | €306,740 | +€17,363 | +6.0% |
| Other amounts receivable | 291 | €289,378 | €306,740 | +€17,363 | +6.0% |
| Amounts receivable within one year | 40/41 | €27,860 | €28,249 | +€390 | +1.4% |
| Trade receivables | 40 | - | €8,971 | +€8,971 | |
| Other amounts receivable | 41 | €27,860 | €19,278 | -€8,581 | -30.8% |
| Cash at bank and in hand | 54/58 | €3,625 | €3,089 | -€536 | -14.8% |
| Deferred charges and accrued income | 490/1 | €1,918 | €806 | -€1,112 | -58.0% |
| Total equity and liabilities | 10/49 | €803,600 | €811,827 | +€8,227 | +1.0% |
| Equity | 10/15 | €296,802 | €231,817 | -€64,985 | -21.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €411,999 | €411,999 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €142,540 | €142,540 | = | 0.0% |
| Distributable reserves | 133 | €267,599 | €267,599 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€133,798 | -€198,783 | -€64,985 | -48.6% |
| Provisions and deferred taxes | 16 | €47,513 | €47,513 | = | 0.0% |
| Deferred taxes | 168 | €47,513 | €47,513 | = | 0.0% |
| Amounts payable | 17/49 | €459,285 | €532,497 | +€73,212 | +15.9% |
| Amounts payable after more than one year | 17 | €128,845 | €104,068 | -€24,776 | -19.2% |
| Financial debts | 170/4 | €128,845 | €104,068 | -€24,776 | -19.2% |
| Amounts payable within one year | 42/48 | €264,000 | €342,550 | +€78,550 | +29.8% |
| Current portion of amounts payable after more than one year | 42 | €24,299 | €24,776 | +€477 | +2.0% |
| Trade debts | 44 | €3,434 | €4,932 | +€1,498 | +43.6% |
| Suppliers | 440/4 | €3,434 | €4,932 | +€1,498 | +43.6% |
| Other amounts payable | 47/48 | €236,266 | €312,841 | +€76,575 | +32.4% |
| Accrued charges and deferred income | 492/3 | €66,441 | €85,879 | +€19,438 | +29.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,642 | €10,012 | +€370 | +3.8% |
| Other operating charges | 640/8 | €505 | €1,339 | +€833 | +165% |
| Non-recurring operating charges | 66A | €132 | €169 | +€37 | +28.2% |
| Gross operating margin | 9900 | -€52,045 | -€47,308 | +€4,737 | +9.1% |
| Operating profit (loss) | 9901 | -€62,324 | -€58,828 | +€3,496 | +5.6% |
| Financial income | 75/76B | €16,380 | €17,363 | +€983 | +6.0% |
| Recurring financial income | 75 | €16,380 | €17,363 | +€983 | +6.0% |
| Financial charges | 65/66B | €19,956 | €22,959 | +€3,003 | +15.1% |
| Recurring financial charges | 65 | €19,956 | €22,959 | +€3,003 | +15.1% |
| Profit (loss) for the period before taxes | 9903 | -€65,900 | -€64,425 | +€1,475 | +2.2% |
| Income taxes | 67/77 | €1,036 | €560 | -€476 | -45.9% |
| Profit (loss) for the period | 9904 | -€66,936 | -€64,985 | +€1,951 | +2.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€66,936 | -€64,985 | +€1,951 | +2.9% |
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 17 October 2026 via checked.be.