PARNASSIA: what changed
What changed
PARNASSIA
NACE 42.220, Construction of utility projects for electricity and telecommunications
filed annual accounts (NBB)
Net result for the year
-€2,434
2024 · -€50,610+€48,176
Equity
€62,767
2024 · €65,200-€2,434
Cash
€9,037
2024 · €15,675-€6,638
Balance sheet total
€313,445
2024 · €321,593-€8,148
Largest movements
Assets
- Receivables within one year +€43,751
up €43,751 (+205%), from €21,336 to €65,087
of which Trade receivables: +€43,839
- Tangible fixed assets -€39,534
down €39,534 (-14.4%), from €274,981 to €235,448
of which Furniture and vehicles: -€21,180
- Cash -€6,638
down €6,638 (-42.3%), from €15,675 to €9,037
mainly Receivables within one year (-€43,751) and Debts after one year (-€21,950)
- Deferred charges and accrued income -€5,727
down €5,727 (-60.6%), from €9,451 to €3,724
Equity and liabilities
- Debts after one year -€21,950
down €21,950 (-11.7%), from €186,910 to €164,960
- Trade debts +€15,809
up €15,809 (+386%), from €4,100 to €19,908
- Current portion of long-term debt -€4,658
down €4,658 (-16.7%), from €27,858 to €23,200
Income statement
- Gross operating margin +€54,724
up €54,724 (+302%), from €18,107 to €72,830
- Depreciation +€3,335
up €3,335 (+8.6%), from €38,839 to €42,174
- Staff costs +€809
up €809 (+4.0%), from €19,982 to €20,791
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€50,610
Gross operating margin
+€54,724
Staff costs
-€809
Depreciation
-€3,335
Other operating charges
-€129
Other operating items
-€2,500
Financial income
+€220
Financial charges
-€25
Taxes
+€31
Result 2025
-€2,434
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€22,611
Investment
-€2,641
Financing
-€26,608
Cash 2024
€15,675
From operations (derived)
+€22,611
Net result for the year
-€2,434
Depreciation
+€42,174
Receivables within one year
-€43,751
Deferred charges and accrued income
+€5,727
Trade debts
+€15,809
Tax, wage and social debts
+€2,230
Other debts
+€2,856
Investment (derived)
-€2,641
Investment in fixed assets (net)
-€2,641
Financing
-€26,608
Debts after one year
-€21,950
Current portion of long-term debt
-€4,658
Cash 2025
€9,037
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €321,593 | €313,445 | -€8,148 | -2.5% |
| Fixed assets | 21/28 | €275,130 | €235,597 | -€39,534 | -14.4% |
| Tangible fixed assets | 22/27 | €274,981 | €235,448 | -€39,534 | -14.4% |
| Land and buildings | 22 | €205,281 | €188,660 | -€16,621 | -8.1% |
| Plant, machinery and equipment | 23 | €5,429 | €3,696 | -€1,732 | -31.9% |
| Furniture and vehicles | 24 | €64,271 | €43,091 | -€21,180 | -33.0% |
| Financial fixed assets | 28 | €149 | €149 | = | 0.0% |
| Current assets | 29/58 | €46,462 | €77,848 | +€31,386 | +67.6% |
| Amounts receivable within one year | 40/41 | €21,336 | €65,087 | +€43,751 | +205% |
| Trade receivables | 40 | €11,611 | €55,450 | +€43,839 | +378% |
| Other amounts receivable | 41 | €9,725 | €9,637 | -€88 | -0.9% |
| Cash at bank and in hand | 54/58 | €15,675 | €9,037 | -€6,638 | -42.3% |
| Deferred charges and accrued income | 490/1 | €9,451 | €3,724 | -€5,727 | -60.6% |
| Total equity and liabilities | 10/49 | €321,593 | €313,445 | -€8,148 | -2.5% |
| Equity | 10/15 | €65,200 | €62,767 | -€2,434 | -3.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €59,000 | €56,567 | -€2,434 | -4.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €57,140 | €54,707 | -€2,434 | -4.3% |
| Amounts payable | 17/49 | €256,392 | €250,678 | -€5,714 | -2.2% |
| Amounts payable after more than one year | 17 | €186,910 | €164,960 | -€21,950 | -11.7% |
| Financial debts | 170/4 | €186,910 | €164,960 | -€21,950 | -11.7% |
| Amounts payable within one year | 42/48 | €69,482 | €85,718 | +€16,236 | +23.4% |
| Current portion of amounts payable after more than one year | 42 | €27,858 | €23,200 | -€4,658 | -16.7% |
| Trade debts | 44 | €4,100 | €19,908 | +€15,809 | +386% |
| Suppliers | 440/4 | €4,100 | €19,908 | +€15,809 | +386% |
| Taxes, remuneration and social security | 45 | €6,188 | €8,418 | +€2,230 | +36.0% |
| Taxes | 450/3 | €1,052 | €4,872 | +€3,820 | +363% |
| Remuneration and social security | 454/9 | €5,136 | €3,546 | -€1,590 | -31.0% |
| Other amounts payable | 47/48 | €31,337 | €34,192 | +€2,856 | +9.1% |
| Non-recurring operating income | 76A | €980 | €129 | -€851 | -86.8% |
| Remuneration, social security and pensions | 62 | €19,982 | €20,791 | +€809 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,839 | €42,174 | +€3,335 | +8.6% |
| Other operating charges | 640/8 | €387 | €517 | +€129 | +33.4% |
| Non-recurring operating charges | 66A | - | €2,500 | +€2,500 | |
| Gross operating margin | 9900 | €18,107 | €72,830 | +€54,724 | +302% |
| Operating profit (loss) | 9901 | -€41,102 | €6,848 | +€47,950 | |
| Financial income | 75/76B | €309 | €529 | +€220 | +71.3% |
| Recurring financial income | 75 | €309 | €529 | +€220 | +71.3% |
| Financial charges | 65/66B | €9,642 | €9,667 | +€25 | +0.3% |
| Recurring financial charges | 65 | €9,642 | €9,667 | +€25 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | -€50,435 | -€2,289 | +€48,146 | +95.5% |
| Income taxes | 67/77 | €175 | €144 | -€31 | -17.6% |
| Profit (loss) for the period | 9904 | -€50,610 | -€2,434 | +€48,176 | +95.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€50,610 | -€2,434 | +€48,176 | +95.2% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.