PARO GLIBERT: 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 GLIBERT
Largest movements
- Cash +€225,751
up €225,751 (+192%), from €117,295 to €343,046
mainly Net result for the year (+€207,652) and Depreciation (+€80,327)
- Tangible fixed assets -€101,722
down €101,722 (-9.9%), from €1.0m to €920,747
of which Land and buildings: -€59,761
- Reserves +€107,652
up €107,652 (+45.7%), from €235,688 to €343,340
- Debts after one year -€50,560
down €50,560 (-7.8%), from €647,411 to €596,851
- Other debts +€34,169
up €34,169 (+17.3%), from €197,725 to €231,894
- Tax, wage and social debts +€28,054
up €28,054 (+217%), from €12,925 to €40,978
of which Taxes: +€25,093
- Gross operating margin +€126,425
up €126,425 (+41.6%), from €303,886 to €430,310
- Taxes +€47,731
up €47,731 (+129%), from €36,996 to €84,728
- Depreciation -€5,401
down €5,401 (-6.3%), from €85,728 to €80,327
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 | €1,181,581 | €1,307,486 | +€125,905 | +10.7% |
| Fixed assets | 21/28 | €1,022,469 | €920,747 | -€101,722 | -9.9% |
| Tangible fixed assets | 22/27 | €1,022,469 | €920,747 | -€101,722 | -9.9% |
| Land and buildings | 22 | €834,282 | €774,522 | -€59,761 | -7.2% |
| Plant, machinery and equipment | 23 | €130,563 | €106,256 | -€24,307 | -18.6% |
| Furniture and vehicles | 24 | €57,624 | €39,970 | -€17,654 | -30.6% |
| Current assets | 29/58 | €159,112 | €386,739 | +€227,627 | +143% |
| Stocks and contracts in progress | 3 | €30,660 | €38,206 | +€7,546 | +24.6% |
| Stocks | 30/36 | €30,660 | €38,206 | +€7,546 | +24.6% |
| Amounts receivable within one year | 40/41 | €7,513 | €2,681 | -€4,832 | -64.3% |
| Trade receivables | 40 | €472 | €2,681 | +€2,208 | +467% |
| Other amounts receivable | 41 | €7,040 | - | -€7,040 | |
| Cash at bank and in hand | 54/58 | €117,295 | €343,046 | +€225,751 | +192% |
| Deferred charges and accrued income | 490/1 | €3,644 | €2,807 | -€837 | -23.0% |
| Total equity and liabilities | 10/49 | €1,181,581 | €1,307,486 | +€125,905 | +10.7% |
| Equity | 10/15 | €254,238 | €361,890 | +€107,652 | +42.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €235,688 | €343,340 | +€107,652 | +45.7% |
| Distributable reserves | 133 | €235,688 | €343,340 | +€107,652 | +45.7% |
| Amounts payable | 17/49 | €927,343 | €945,596 | +€18,253 | +2.0% |
| Amounts payable after more than one year | 17 | €647,411 | €596,851 | -€50,560 | -7.8% |
| Financial debts | 170/4 | €647,411 | €596,851 | -€50,560 | -7.8% |
| Amounts payable within one year | 42/48 | €271,144 | €340,751 | +€69,607 | +25.7% |
| Current portion of amounts payable after more than one year | 42 | €50,102 | €50,560 | +€458 | +0.9% |
| Trade debts | 44 | €10,393 | €17,319 | +€6,926 | +66.6% |
| Suppliers | 440/4 | €10,393 | €17,319 | +€6,926 | +66.6% |
| Taxes, remuneration and social security | 45 | €12,925 | €40,978 | +€28,054 | +217% |
| Taxes | 450/3 | €9,450 | €34,543 | +€25,093 | +266% |
| Remuneration and social security | 454/9 | €3,475 | €6,435 | +€2,960 | +85.2% |
| Other amounts payable | 47/48 | €197,725 | €231,894 | +€34,169 | +17.3% |
| Accrued charges and deferred income | 492/3 | €8,788 | €7,994 | -€794 | -9.0% |
| Remuneration, social security and pensions | 62 | €37,082 | €41,252 | +€4,171 | +11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,728 | €80,327 | -€5,401 | -6.3% |
| Other operating charges | 640/8 | €2,871 | €3,384 | +€513 | +17.9% |
| Gross operating margin | 9900 | €303,886 | €430,310 | +€126,425 | +41.6% |
| Operating profit (loss) | 9901 | €178,206 | €305,347 | +€127,142 | +71.3% |
| Financial income | 75/76B | €126 | €148 | +€22 | +17.1% |
| Recurring financial income | 75 | €126 | €148 | +€22 | +17.1% |
| Financial charges | 65/66B | €14,965 | €13,116 | -€1,849 | -12.4% |
| Recurring financial charges | 65 | €14,965 | €13,116 | -€1,849 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | €163,367 | €292,380 | +€129,013 | +79.0% |
| Income taxes | 67/77 | €36,996 | €84,728 | +€47,731 | +129% |
| Profit (loss) for the period | 9904 | €126,371 | €207,652 | +€81,281 | +64.3% |
| Profit (loss) for the period to be appropriated | 9905 | €126,371 | €207,652 | +€81,281 | +64.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.