PARO CONCEPT: what changed
Two fiscal 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 CONCEPT
Largest movements
- Cash +€146,302
up €146,302 (+62.5%), from €233,968 to €380,269
mainly Net result for the year (+€99,428) and Depreciation (+€81,509)
- Tangible fixed assets -€77,268
down €77,268 (-10.7%), from €719,163 to €641,895
of which Land and buildings: -€60,578
- Deferred charges and accrued income -€28,030
down €28,030 (-48.6%), from €57,641 to €29,611
- Reserves +€99,428
up €99,428 (+10.2%), from €978,277 to €1.1m
- Current portion of long-term debt -€38,527
down €38,527 (-61.8%), from €62,354 to €23,826
- Debts after one year -€15,494
down €15,494 (-6.4%), from €242,995 to €227,501
of which Financial debts: -€23,826
- Financial income -€29,769
down €29,769 (-75.6%), from €39,382 to €9,613
- Gross operating margin -€19,323
down €19,323 (-7.2%), from €267,023 to €247,700
- Taxes -€9,634
down €9,634 (-18.4%), from €52,357 to €42,723
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.
Cash bridge derived
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 | €1,502,053 | €1,537,428 | +€35,374 | +2.4% |
| Fixed assets | 21/28 | €719,163 | €641,895 | -€77,268 | -10.7% |
| Tangible fixed assets | 22/27 | €719,163 | €641,895 | -€77,268 | -10.7% |
| Land and buildings | 22 | €675,130 | €614,552 | -€60,578 | -9.0% |
| Plant, machinery and equipment | 23 | €5,282 | €4,992 | -€290 | -5.5% |
| Furniture and vehicles | 24 | €38,751 | €22,351 | -€16,400 | -42.3% |
| Current assets | 29/58 | €782,890 | €895,532 | +€112,642 | +14.4% |
| Amounts receivable within one year | 40/41 | €46,581 | €34,124 | -€12,457 | -26.7% |
| Other amounts receivable | 41 | €46,581 | €34,124 | -€12,457 | -26.7% |
| Current investments | 50/53 | €444,700 | €451,527 | +€6,827 | +1.5% |
| Cash at bank and in hand | 54/58 | €233,968 | €380,269 | +€146,302 | +62.5% |
| Deferred charges and accrued income | 490/1 | €57,641 | €29,611 | -€28,030 | -48.6% |
| Total equity and liabilities | 10/49 | €1,502,053 | €1,537,428 | +€35,374 | +2.4% |
| Equity | 10/15 | €1,060,087 | €1,159,515 | +€99,428 | +9.4% |
| Contributions | 10/11 | €81,810 | €81,810 | = | 0.0% |
| Reserves | 13 | €978,277 | €1,077,705 | +€99,428 | +10.2% |
| Distributable reserves | 133 | €978,277 | €1,077,705 | +€99,428 | +10.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €441,966 | €377,913 | -€64,053 | -14.5% |
| Amounts payable after more than one year | 17 | €242,995 | €227,501 | -€15,494 | -6.4% |
| Financial debts | 170/4 | €80,277 | €56,450 | -€23,826 | -29.7% |
| Other amounts payable | 178/9 | €162,719 | €171,051 | +€8,332 | +5.1% |
| Amounts payable within one year | 42/48 | €198,024 | €150,412 | -€47,612 | -24.0% |
| Current portion of amounts payable after more than one year | 42 | €62,354 | €23,826 | -€38,527 | -61.8% |
| Trade debts | 44 | €286 | €595 | +€309 | +108.2% |
| Suppliers | 440/4 | €286 | €595 | +€309 | +108.2% |
| Taxes, remuneration and social security | 45 | €7,614 | €6,999 | -€615 | -8.1% |
| Taxes | 450/3 | €7,614 | €6,999 | -€615 | -8.1% |
| Other amounts payable | 47/48 | €127,771 | €118,992 | -€8,779 | -6.9% |
| Accrued charges and deferred income | 492/3 | €947 | €0 | -€947 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,642 | €81,509 | +€1,867 | +2.3% |
| Other operating charges | 640/8 | €13,619 | €12,166 | -€1,453 | -10.7% |
| Gross operating margin | 9900 | €267,023 | €247,700 | -€19,323 | -7.2% |
| Operating profit (loss) | 9901 | €173,762 | €154,025 | -€19,737 | -11.4% |
| Financial income | 75/76B | €39,382 | €9,613 | -€29,769 | -75.6% |
| Recurring financial income | 75 | €39,382 | €9,613 | -€29,769 | -75.6% |
| Financial charges | 65/66B | €19,169 | €21,487 | +€2,317 | +12.1% |
| Recurring financial charges | 65 | €19,169 | €21,487 | +€2,317 | +12.1% |
| Profit (loss) for the period before taxes | 9903 | €193,975 | €142,151 | -€51,824 | -26.7% |
| Income taxes | 67/77 | €52,357 | €42,723 | -€9,634 | -18.4% |
| Profit (loss) for the period | 9904 | €141,618 | €99,428 | -€42,190 | -29.8% |
| Profit (loss) for the period to be appropriated | 9905 | €141,618 | €99,428 | -€42,190 | -29.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.