PARMECANIQUE: 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.
PARMECANIQUE
Largest movements
- Cash -€5.5m
down €5.5m (-95.4%), from €5.8m to €266,547
mainly Other debts (-€5.3m) and Debts after one year (-€233,061)
- Tangible fixed assets -€200,108
down €200,108 (-8.2%), from €2.4m to €2.2m
of which Land and buildings: -€198,495
- Receivables within one year +€181,875
up €181,875 (+231%), from €78,703 to €260,578
of which Other amounts receivable: +€182,073
- Other debts -€5.3m
down €5.3m (-97.4%), from €5.4m to €139,178
- Debts after one year -€233,061
down €233,061 (-11.6%), from €2.0m to €1.8m
- Financial income -€5.2m
down €5.2m (-99.5%), from €5.2m to €25,747
of which Non-recurring financial income: -€5.2m
- Gross operating margin -€84,571
down €84,571 (-15.9%), from €531,724 to €447,153
- Taxes -€22,596
down €22,596 (-36.9%), from €61,298 to €38,702
- Financial charges -€6,595
down €6,595 (-12.2%), from €54,255 to €47,660
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 | €8,333,490 | €2,780,250 | -€5.6m | -66.6% |
| Fixed assets | 21/28 | €2,451,273 | €2,252,964 | -€198,308 | -8.1% |
| Tangible fixed assets | 22/27 | €2,434,073 | €2,233,964 | -€200,108 | -8.2% |
| Land and buildings | 22 | €2,423,935 | €2,225,440 | -€198,495 | -8.2% |
| Plant, machinery and equipment | 23 | €10,138 | €8,524 | -€1,614 | -15.9% |
| Financial fixed assets | 28 | €17,200 | €19,000 | +€1,800 | +10.5% |
| Current assets | 29/58 | €5,882,218 | €527,286 | -€5.4m | -91.0% |
| Amounts receivable within one year | 40/41 | €78,703 | €260,578 | +€181,875 | +231% |
| Trade receivables | 40 | €197 | - | -€197 | |
| Other amounts receivable | 41 | €78,505 | €260,578 | +€182,073 | +232% |
| Cash at bank and in hand | 54/58 | €5,803,515 | €266,547 | -€5.5m | -95.4% |
| Deferred charges and accrued income | 490/1 | - | €161 | +€161 | |
| Total equity and liabilities | 10/49 | €8,333,490 | €2,780,250 | -€5.6m | -66.6% |
| Equity | 10/15 | €648,353 | €625,281 | -€23,072 | -3.6% |
| Contributions | 10/11 | €294,000 | €294,000 | = | 0.0% |
| Reserves | 13 | €29,400 | €29,400 | = | 0.0% |
| Distributable reserves | 133 | €29,400 | €29,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €71,396 | €71,396 | = | 0.0% |
| Investment grants | 15 | €253,557 | €230,485 | -€23,072 | -9.1% |
| Amounts payable | 17/49 | €7,685,137 | €2,154,969 | -€5.5m | -72.0% |
| Amounts payable after more than one year | 17 | €2,013,978 | €1,780,917 | -€233,061 | -11.6% |
| Financial debts | 170/4 | €2,013,978 | €1,780,917 | -€233,061 | -11.6% |
| Amounts payable within one year | 42/48 | €5,671,160 | €373,832 | -€5.3m | -93.4% |
| Current portion of amounts payable after more than one year | 42 | €226,541 | €233,061 | +€6,520 | +2.9% |
| Trade debts | 44 | €2,633 | €548 | -€2,085 | -79.2% |
| Suppliers | 440/4 | €2,633 | €548 | -€2,085 | -79.2% |
| Taxes, remuneration and social security | 45 | €1,045 | €1,045 | = | 0.0% |
| Taxes | 450/3 | €1,045 | €1,045 | = | 0.0% |
| Other amounts payable | 47/48 | €5,440,940 | €139,178 | -€5.3m | -97.4% |
| Accrued charges and deferred income | 492/3 | - | €220 | +€220 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €201,762 | €201,822 | +€61 | 0.0% |
| Other operating charges | 640/8 | €43,970 | €45,538 | +€1,567 | +3.6% |
| Gross operating margin | 9900 | €531,724 | €447,153 | -€84,571 | -15.9% |
| Operating profit (loss) | 9901 | €285,993 | €199,793 | -€86,199 | -30.1% |
| Financial income | 75/76B | €5,204,189 | €25,747 | -€5.2m | -99.5% |
| Recurring financial income | 75 | €27,249 | €25,747 | -€1,502 | -5.5% |
| Non-recurring financial income | 76B | €5,176,940 | - | -€5.2m | |
| Financial charges | 65/66B | €54,255 | €47,660 | -€6,595 | -12.2% |
| Recurring financial charges | 65 | €54,255 | €47,660 | -€6,595 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €5,435,927 | €177,880 | -€5.3m | -96.7% |
| Income taxes | 67/77 | €61,298 | €38,702 | -€22,596 | -36.9% |
| Profit (loss) for the period | 9904 | €5,374,629 | €139,178 | -€5.2m | -97.4% |
| Profit (loss) for the period to be appropriated | 9905 | €5,374,629 | €139,178 | -€5.2m | -97.4% |
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 23 October 2026 via checked.be.