Paro Alsaadi: 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.
Paro Alsaadi
Largest movements
- Cash +€56,028
up €56,028 (+44.3%), from €126,427 to €182,455
mainly Net result for the year (+€79,120) and Depreciation (+€25,660)
- Tangible fixed assets -€21,714
down €21,714 (-10.5%), from €206,681 to €184,968
- Receivables within one year +€11,241
new in 2025: €11,241
- Reserves +€79,120
up €79,120 (+37.2%), from €212,543 to €291,663
- Tax, wage and social debts -€17,394
down €17,394 (-86.1%), from €20,199 to €2,805
of which Taxes: -€14,190
- Debts after one year -€7,467
down €7,467 (-9.4%), from €79,223 to €71,756
- Accrued charges and deferred income -€5,112
down €5,112 (-100%), from €5,112 to €0
- Gross operating margin -€33,815
down €33,815 (-17.4%), from €194,805 to €160,990
- Taxes -€12,473
down €12,473 (-28.2%), from €44,190 to €31,717
- Depreciation +€6,348
up €6,348 (+32.9%), from €19,311 to €25,660
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 | €350,748 | €396,304 | +€45,556 | +13.0% |
| Fixed assets | 21/28 | €206,681 | €184,968 | -€21,714 | -10.5% |
| Tangible fixed assets | 22/27 | €206,681 | €184,968 | -€21,714 | -10.5% |
| Land and buildings | 22 | €144,650 | €137,444 | -€7,206 | -5.0% |
| Plant, machinery and equipment | 23 | €49,679 | €39,650 | -€10,029 | -20.2% |
| Furniture and vehicles | 24 | €11,433 | €7,874 | -€3,559 | -31.1% |
| Other tangible fixed assets | 26 | €919 | €0 | -€919 | -100% |
| Current assets | 29/58 | €144,067 | €211,336 | +€67,269 | +46.7% |
| Amounts receivable within one year | 40/41 | - | €11,241 | +€11,241 | |
| Other amounts receivable | 41 | - | €11,241 | +€11,241 | |
| Cash at bank and in hand | 54/58 | €126,427 | €182,455 | +€56,028 | +44.3% |
| Deferred charges and accrued income | 490/1 | €17,640 | €17,640 | = | 0.0% |
| Total equity and liabilities | 10/49 | €350,748 | €396,304 | +€45,556 | +13.0% |
| Equity | 10/15 | €231,143 | €310,263 | +€79,120 | +34.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Share premium | 1100/10 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €212,543 | €291,663 | +€79,120 | +37.2% |
| Distributable reserves | 133 | €212,543 | €291,663 | +€79,120 | +37.2% |
| Amounts payable | 17/49 | €119,605 | €86,040 | -€33,565 | -28.1% |
| Amounts payable after more than one year | 17 | €79,223 | €71,756 | -€7,467 | -9.4% |
| Financial debts | 170/4 | €79,223 | €71,756 | -€7,467 | -9.4% |
| Amounts payable within one year | 42/48 | €35,270 | €14,284 | -€20,986 | -59.5% |
| Current portion of amounts payable after more than one year | 42 | €8,057 | €7,467 | -€590 | -7.3% |
| Trade debts | 44 | €6,916 | €4,012 | -€2,903 | -42.0% |
| Suppliers | 440/4 | €6,916 | €4,012 | -€2,903 | -42.0% |
| Taxes, remuneration and social security | 45 | €20,199 | €2,805 | -€17,394 | -86.1% |
| Taxes | 450/3 | €14,190 | €0 | -€14,190 | -100% |
| Remuneration and social security | 454/9 | €6,008 | €2,805 | -€3,204 | -53.3% |
| Other amounts payable | 47/48 | €99 | €0 | -€99 | -100% |
| Accrued charges and deferred income | 492/3 | €5,112 | €0 | -€5,112 | -100% |
| Non-recurring operating income | 76A | €1,618 | €101 | -€1,516 | -93.8% |
| Remuneration, social security and pensions | 62 | €20,769 | €20,323 | -€446 | -2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,311 | €25,660 | +€6,348 | +32.9% |
| Other operating charges | 640/8 | €2,844 | €2,458 | -€386 | -13.6% |
| Gross operating margin | 9900 | €194,805 | €160,990 | -€33,815 | -17.4% |
| Operating profit (loss) | 9901 | €151,881 | €112,549 | -€39,332 | -25.9% |
| Financial charges | 65/66B | €2,868 | €1,711 | -€1,156 | -40.3% |
| Recurring financial charges | 65 | €2,635 | €1,711 | -€924 | -35.1% |
| Non-recurring financial charges | 66B | €233 | €0 | -€233 | -100% |
| Profit (loss) for the period before taxes | 9903 | €149,013 | €110,837 | -€38,176 | -25.6% |
| Income taxes | 67/77 | €44,190 | €31,717 | -€12,473 | -28.2% |
| Profit (loss) for the period | 9904 | €104,823 | €79,120 | -€25,702 | -24.5% |
| Profit (loss) for the period to be appropriated | 9905 | €104,823 | €79,120 | -€25,702 | -24.5% |
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 16 October 2026 via checked.be.