PARMAKO: 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.
PARMAKO
Largest movements
- Current investments +€31,631
up €31,631 (+16.2%), from €194,946 to €226,577
- Cash -€10,578
down €10,578 (-56.9%), from €18,593 to €8,015
mainly Current investments (-€31,631) and Tax, wage and social debts (-€2,198)
- Receivables within one year -€6,792
down €6,792 (-4.0%), from €171,265 to €164,473
of which Trade receivables: -€10,043
- Reserves +€16,591
up €16,591 (+2.9%), from €571,188 to €587,780
- Gross operating margin -€1,883
down €1,883 (-6.6%), from €28,462 to €26,579
- Taxes +€1,254
up €1,254 (+27.7%), from €4,524 to €5,778
- Financial charges -€1,027
down €1,027 (-18.8%), from €5,472 to €4,446
- Financial income +€518
up €518 (+123%), from €420 to €939
of which Non-recurring financial income: +€924
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €655,248 | €670,552 | +€15,304 | +2.3% |
| Fixed assets | 21/28 | €270,237 | €270,237 | = | 0.0% |
| Financial fixed assets | 28 | €270,237 | €270,237 | = | 0.0% |
| Current assets | 29/58 | €385,011 | €400,314 | +€15,304 | +4.0% |
| Amounts receivable within one year | 40/41 | €171,265 | €164,473 | -€6,792 | -4.0% |
| Trade receivables | 40 | €10,043 | - | -€10,043 | |
| Other amounts receivable | 41 | €161,222 | €164,473 | +€3,251 | +2.0% |
| Current investments | 50/53 | €194,946 | €226,577 | +€31,631 | +16.2% |
| Cash at bank and in hand | 54/58 | €18,593 | €8,015 | -€10,578 | -56.9% |
| Deferred charges and accrued income | 490/1 | €207 | €1,250 | +€1,043 | +505% |
| Total equity and liabilities | 10/49 | €655,248 | €670,552 | +€15,304 | +2.3% |
| Equity | 10/15 | €577,388 | €593,980 | +€16,591 | +2.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €571,188 | €587,780 | +€16,591 | +2.9% |
| Distributable reserves | 133 | €571,188 | €587,780 | +€16,591 | +2.9% |
| Amounts payable | 17/49 | €77,860 | €76,572 | -€1,288 | -1.7% |
| Amounts payable after more than one year | 17 | €240 | €240 | = | 0.0% |
| Other amounts payable | 178/9 | €240 | €240 | = | 0.0% |
| Amounts payable within one year | 42/48 | €70,059 | €68,782 | -€1,276 | -1.8% |
| Trade debts | 44 | €208 | €3,159 | +€2,951 | +1,416% |
| Suppliers | 440/4 | €208 | €3,159 | +€2,951 | +1,416% |
| Taxes, remuneration and social security | 45 | €7,977 | €5,779 | -€2,198 | -27.6% |
| Taxes | 450/3 | €5,177 | €5,779 | +€602 | +11.6% |
| Remuneration and social security | 454/9 | €2,800 | - | -€2,800 | |
| Other amounts payable | 47/48 | €61,873 | €59,844 | -€2,029 | -3.3% |
| Accrued charges and deferred income | 492/3 | €7,561 | €7,550 | -€12 | -0.2% |
| Other operating charges | 640/8 | €498 | €702 | +€204 | +41.1% |
| Gross operating margin | 9900 | €28,462 | €26,579 | -€1,883 | -6.6% |
| Operating profit (loss) | 9901 | €27,964 | €25,877 | -€2,087 | -7.5% |
| Financial income | 75/76B | €420 | €939 | +€518 | +123% |
| Recurring financial income | 75 | €420 | €14 | -€406 | -96.6% |
| Non-recurring financial income | 76B | - | €924 | +€924 | |
| Financial charges | 65/66B | €5,472 | €4,446 | -€1,027 | -18.8% |
| Recurring financial charges | 65 | €5,472 | €4,446 | -€1,027 | -18.8% |
| Profit (loss) for the period before taxes | 9903 | €22,912 | €22,370 | -€542 | -2.4% |
| Income taxes | 67/77 | €4,524 | €5,778 | +€1,254 | +27.7% |
| Profit (loss) for the period | 9904 | €18,388 | €16,591 | -€1,797 | -9.8% |
| Profit (loss) for the period to be appropriated | 9905 | €18,388 | €16,591 | -€1,797 | -9.8% |
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 28 October 2026 via checked.be.