PARMEZZIA: 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.
PARMEZZIA
Largest movements
- Receivables after one year +€161,987
up €161,987 (+21.0%), from €771,232 to €933,219
- Cash -€125,459
down €125,459 (-55.3%), from €226,958 to €101,499
mainly Contributions, distributions and other (-€307,000) and Receivables after one year (-€161,987)
- Receivables within one year -€106,301
down €106,301 (-61.2%), from €173,717 to €67,416
of which Other amounts receivable: -€163,727
- Current investments +€101,731
new in 2025: €101,731
- Other debts -€49,045
down €49,045 (-59.8%), from €82,000 to €32,955
- Trade debts +€46,325
up €46,325 (+46.2%), from €100,260 to €146,586
- Reserves -€44,500
down €44,500 (-5.4%), from €821,000 to €776,500
of which Distributable reserves: -€44,500
- Tax, wage and social debts +€31,560
up €31,560 (+16.2%), from €195,080 to €226,641
of which Taxes: +€24,410
- Advances received +€27,620
new in 2025: €27,620
- Staff costs +€194,479
up €194,479 (+44.0%), from €442,418 to €636,898
- Gross operating margin +€100,290
up €100,290 (+10.5%), from €951,710 to €1.1m
- Taxes -€23,332
down €23,332 (-14.1%), from €165,533 to €142,201
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 | €1,218,839 | €1,234,187 | +€15,348 | +1.3% |
| Fixed assets | 21/28 | €25,468 | €16,957 | -€8,511 | -33.4% |
| Tangible fixed assets | 22/27 | €25,468 | €16,957 | -€8,511 | -33.4% |
| Plant, machinery and equipment | 23 | €641 | €421 | -€220 | -34.3% |
| Furniture and vehicles | 24 | €17,606 | €11,515 | -€6,091 | -34.6% |
| Other tangible fixed assets | 26 | €7,221 | €5,021 | -€2,200 | -30.5% |
| Current assets | 29/58 | €1,193,371 | €1,217,230 | +€23,859 | +2.0% |
| Amounts receivable after more than one year | 29 | €771,232 | €933,219 | +€161,987 | +21.0% |
| Other amounts receivable | 291 | €771,232 | €933,219 | +€161,987 | +21.0% |
| Stocks and contracts in progress | 3 | €11,482 | €7,593 | -€3,889 | -33.9% |
| Stocks | 30/36 | €11,482 | €7,593 | -€3,889 | -33.9% |
| Amounts receivable within one year | 40/41 | €173,717 | €67,416 | -€106,301 | -61.2% |
| Trade receivables | 40 | - | €57,426 | +€57,426 | |
| Other amounts receivable | 41 | €173,717 | €9,990 | -€163,727 | -94.2% |
| Current investments | 50/53 | - | €101,731 | +€101,731 | |
| Cash at bank and in hand | 54/58 | €226,958 | €101,499 | -€125,459 | -55.3% |
| Deferred charges and accrued income | 490/1 | €9,982 | €5,772 | -€4,210 | -42.2% |
| Total equity and liabilities | 10/49 | €1,218,839 | €1,234,187 | +€15,348 | +1.3% |
| Equity | 10/15 | €841,498 | €797,510 | -€43,989 | -5.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €821,000 | €776,500 | -€44,500 | -5.4% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €819,000 | €774,500 | -€44,500 | -5.4% |
| Profit (loss) carried forward | 14 | €498 | €1,010 | +€511 | +103% |
| Amounts payable | 17/49 | €377,341 | €436,677 | +€59,336 | +15.7% |
| Amounts payable within one year | 42/48 | €377,341 | €435,952 | +€58,611 | +15.5% |
| Current portion of amounts payable after more than one year | 42 | €0 | €2,150 | +€2,150 | |
| Trade debts | 44 | €100,260 | €146,586 | +€46,325 | +46.2% |
| Suppliers | 440/4 | €100,260 | €146,586 | +€46,325 | +46.2% |
| Advances received on contracts in progress | 46 | - | €27,620 | +€27,620 | |
| Taxes, remuneration and social security | 45 | €195,080 | €226,641 | +€31,560 | +16.2% |
| Taxes | 450/3 | €128,225 | €152,635 | +€24,410 | +19.0% |
| Remuneration and social security | 454/9 | €66,856 | €74,006 | +€7,150 | +10.7% |
| Other amounts payable | 47/48 | €82,000 | €32,955 | -€49,045 | -59.8% |
| Accrued charges and deferred income | 492/3 | €0 | €725 | +€725 | |
| Remuneration, social security and pensions | 62 | €442,418 | €636,898 | +€194,479 | +44.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,511 | €8,511 | +€0 | 0.0% |
| Other operating charges | 640/8 | €7,267 | €7,178 | -€89 | -1.2% |
| Gross operating margin | 9900 | €951,710 | €1,052,000 | +€100,290 | +10.5% |
| Operating profit (loss) | 9901 | €493,513 | €399,413 | -€94,100 | -19.1% |
| Financial income | 75/76B | €36,110 | €27,464 | -€8,646 | -23.9% |
| Recurring financial income | 75 | €36,110 | €27,464 | -€8,646 | -23.9% |
| Financial charges | 65/66B | €26,472 | €21,665 | -€4,807 | -18.2% |
| Recurring financial charges | 65 | €26,472 | €21,665 | -€4,807 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | €503,151 | €405,212 | -€97,939 | -19.5% |
| Income taxes | 67/77 | €165,533 | €142,201 | -€23,332 | -14.1% |
| Profit (loss) for the period | 9904 | €337,618 | €263,011 | -€74,607 | -22.1% |
| Profit (loss) for the period to be appropriated | 9905 | €337,618 | €263,011 | -€74,607 | -22.1% |
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 25 October 2026 via checked.be.