PARO Latem: 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 Latem
Largest movements
- Intangible fixed assets -€45,000
down €45,000 (-16.7%), from €270,000 to €225,000
- Tangible fixed assets -€44,322
down €44,322 (-40.8%), from €108,509 to €64,187
- Receivables within one year +€6,844
up €6,844 (+684%), from €1,000 to €7,844
of which Other amounts receivable: +€7,844
- Cash -€5,582
down €5,582 (-11.6%), from €47,941 to €42,359
mainly Contributions, distributions and other (-€288,984) and Debts after one year (-€40,672)
- Reserves -€210,313
down €210,313 (-100%), from €210,313 to €0
- Other debts +€203,541
up €203,541 (+3,740%), from €5,443 to €208,984
- Debts after one year -€40,672
down €40,672 (-46.1%), from €88,193 to €47,521
- Trade debts -€39,771
down €39,771 (-82.5%), from €48,225 to €8,454
- Staff costs +€10,837
up €10,837 (+40.1%), from €27,038 to €37,875
- Depreciation +€6,549
up €6,549 (+7.7%), from €85,473 to €92,022
- Taxes -€5,977
down €5,977 (-21.8%), from €27,407 to €21,430
- Gross operating margin -€3,302
down €3,302 (-1.4%), from €239,699 to €236,397
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 | €428,222 | €339,871 | -€88,351 | -20.6% |
| Fixed assets | 21/28 | €378,509 | €289,187 | -€89,322 | -23.6% |
| Intangible fixed assets | 21 | €270,000 | €225,000 | -€45,000 | -16.7% |
| Tangible fixed assets | 22/27 | €108,509 | €64,187 | -€44,322 | -40.8% |
| Land and buildings | 22 | €24,495 | €11,271 | -€13,224 | -54.0% |
| Plant, machinery and equipment | 23 | €50,082 | €28,290 | -€21,792 | -43.5% |
| Furniture and vehicles | 24 | €8,455 | €6,773 | -€1,682 | -19.9% |
| Other tangible fixed assets | 26 | €25,477 | €17,853 | -€7,624 | -29.9% |
| Current assets | 29/58 | €49,713 | €50,684 | +€971 | +2.0% |
| Amounts receivable within one year | 40/41 | €1,000 | €7,844 | +€6,844 | +684% |
| Trade receivables | 40 | €1,000 | €0 | -€1,000 | -100% |
| Other amounts receivable | 41 | - | €7,844 | +€7,844 | |
| Cash at bank and in hand | 54/58 | €47,941 | €42,359 | -€5,582 | -11.6% |
| Deferred charges and accrued income | 490/1 | €771 | €480 | -€291 | -37.8% |
| Total equity and liabilities | 10/49 | €428,222 | €339,871 | -€88,351 | -20.6% |
| Equity | 10/15 | €215,313 | €5,000 | -€210,313 | -97.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €210,313 | €0 | -€210,313 | -100% |
| Distributable reserves | 133 | €210,313 | €0 | -€210,313 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €212,909 | €334,871 | +€121,962 | +57.3% |
| Amounts payable after more than one year | 17 | €88,193 | €47,521 | -€40,672 | -46.1% |
| Financial debts | 170/4 | €88,193 | €47,521 | -€40,672 | -46.1% |
| Amounts payable within one year | 42/48 | €123,652 | €287,350 | +€163,698 | +132% |
| Current portion of amounts payable after more than one year | 42 | €39,787 | €40,672 | +€885 | +2.2% |
| Financial debts | 43 | €3 | €3 | = | 0.0% |
| Credit institutions | 430/8 | €3 | €3 | = | 0.0% |
| Trade debts | 44 | €48,225 | €8,454 | -€39,771 | -82.5% |
| Suppliers | 440/4 | €48,225 | €8,454 | -€39,771 | -82.5% |
| Taxes, remuneration and social security | 45 | €30,194 | €29,236 | -€957 | -3.2% |
| Taxes | 450/3 | €25,947 | €19,302 | -€6,645 | -25.6% |
| Remuneration and social security | 454/9 | €4,247 | €9,934 | +€5,687 | +134% |
| Other amounts payable | 47/48 | €5,443 | €208,984 | +€203,541 | +3,740% |
| Accrued charges and deferred income | 492/3 | €1,064 | €0 | -€1,064 | -100% |
| Remuneration, social security and pensions | 62 | €27,038 | €37,875 | +€10,837 | +40.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,473 | €92,022 | +€6,549 | +7.7% |
| Other operating charges | 640/8 | €1,655 | €1,841 | +€185 | +11.2% |
| Gross operating margin | 9900 | €239,699 | €236,397 | -€3,302 | -1.4% |
| Operating profit (loss) | 9901 | €125,532 | €104,659 | -€20,873 | -16.6% |
| Financial income | 75/76B | €7 | €4 | -€2 | -34.6% |
| Recurring financial income | 75 | €7 | €4 | -€2 | -34.6% |
| Financial charges | 65/66B | €6,000 | €4,563 | -€1,438 | -24.0% |
| Recurring financial charges | 65 | €6,000 | €4,563 | -€1,438 | -24.0% |
| Profit (loss) for the period before taxes | 9903 | €119,538 | €100,101 | -€19,437 | -16.3% |
| Income taxes | 67/77 | €27,407 | €21,430 | -€5,977 | -21.8% |
| Profit (loss) for the period | 9904 | €92,131 | €78,671 | -€13,460 | -14.6% |
| Profit (loss) for the period to be appropriated | 9905 | €92,131 | €78,671 | -€13,460 | -14.6% |
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 24 October 2026 via checked.be.