Paro Plus: 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 Plus
Largest movements
- Tangible fixed assets +€38,869
up €38,869 (+24.9%), from €155,971 to €194,840
of which Furniture and vehicles: +€37,199
- Cash -€28,623
down €28,623 (-18.3%), from €156,440 to €127,818
mainly Contributions, distributions and other (-€100,000) and Investment in fixed assets (net) (-€93,771)
- Stocks and contracts +€14,464
up €14,464 (+24.6%), from €58,715 to €73,179
- Deferred charges and accrued income -€4,838
down €4,838 (-36.6%), from €13,216 to €8,378
- Current portion of long-term debt -€37,049
down €37,049 (-77.9%), from €47,541 to €10,491
- Trade debts +€33,213
up €33,213 (+40.1%), from €82,765 to €115,979
- Profit (loss) carried forward +€32,970
up €32,970 (+92.9%), from €35,493 to €68,463
- Tax, wage and social debts -€22,167
down €22,167 (-34.5%), from €64,238 to €42,072
of which Taxes: -€13,475
- Other debts +€13,696
up €13,696 (+10.3%), from €132,555 to €146,252
- Staff costs -€37,756
down €37,756 (-11.4%), from €331,722 to €293,966
- Gross operating margin -€24,151
down €24,151 (-4.2%), from €572,061 to €547,910
- Other operating charges +€12,934
up €12,934 (+1130.1%), from €1,144 to €14,079
- Depreciation +€6,642
up €6,642 (+13.8%), from €48,260 to €54,902
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €421,381 | €444,407 | +€23,027 | +5.5% |
| Fixed assets | 21/28 | €156,211 | €195,080 | +€38,869 | +24.9% |
| Tangible fixed assets | 22/27 | €155,971 | €194,840 | +€38,869 | +24.9% |
| Plant, machinery and equipment | 23 | €100,256 | €95,996 | -€4,260 | -4.2% |
| Furniture and vehicles | 24 | €23,433 | €60,631 | +€37,199 | +158.7% |
| Other tangible fixed assets | 26 | €32,283 | €38,214 | +€5,931 | +18.4% |
| Financial fixed assets | 28 | €240 | €240 | = | 0.0% |
| Current assets | 29/58 | €265,170 | €249,327 | -€15,843 | -6.0% |
| Stocks and contracts in progress | 3 | €58,715 | €73,179 | +€14,464 | +24.6% |
| Stocks | 30/36 | €58,715 | €73,179 | +€14,464 | +24.6% |
| Amounts receivable within one year | 40/41 | €36,798 | €39,952 | +€3,154 | +8.6% |
| Trade receivables | 40 | €35,863 | €37,932 | +€2,069 | +5.8% |
| Other amounts receivable | 41 | €934 | €2,020 | +€1,085 | +116.1% |
| Cash at bank and in hand | 54/58 | €156,440 | €127,818 | -€28,623 | -18.3% |
| Deferred charges and accrued income | 490/1 | €13,216 | €8,378 | -€4,838 | -36.6% |
| Total equity and liabilities | 10/49 | €421,381 | €444,407 | +€23,027 | +5.5% |
| Equity | 10/15 | €45,493 | €78,463 | +€32,970 | +72.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,493 | €68,463 | +€32,970 | +92.9% |
| Amounts payable | 17/49 | €375,888 | €365,944 | -€9,944 | -2.6% |
| Amounts payable after more than one year | 17 | €29,748 | €19,257 | -€10,491 | -35.3% |
| Financial debts | 170/4 | €29,748 | €19,257 | -€10,491 | -35.3% |
| Amounts payable within one year | 42/48 | €346,140 | €346,687 | +€547 | +0.2% |
| Current portion of amounts payable after more than one year | 42 | €47,541 | €10,491 | -€37,049 | -77.9% |
| Financial debts | 43 | €18 | €0 | -€18 | -100.0% |
| Credit institutions | 430/8 | €18 | €0 | -€18 | -100.0% |
| Trade debts | 44 | €82,765 | €115,979 | +€33,213 | +40.1% |
| Suppliers | 440/4 | €82,765 | €115,979 | +€33,213 | +40.1% |
| Advances received on contracts in progress | 46 | €19,022 | €31,894 | +€12,872 | +67.7% |
| Taxes, remuneration and social security | 45 | €64,238 | €42,072 | -€22,167 | -34.5% |
| Taxes | 450/3 | €18,059 | €4,584 | -€13,475 | -74.6% |
| Remuneration and social security | 454/9 | €46,179 | €37,488 | -€8,691 | -18.8% |
| Other amounts payable | 47/48 | €132,555 | €146,252 | +€13,696 | +10.3% |
| Non-recurring operating income | 76A | €4,000 | €0 | -€4,000 | -100.0% |
| Remuneration, social security and pensions | 62 | €331,722 | €293,966 | -€37,756 | -11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,260 | €54,902 | +€6,642 | +13.8% |
| Other operating charges | 640/8 | €1,144 | €14,079 | +€12,934 | +1130.1% |
| Gross operating margin | 9900 | €572,061 | €547,910 | -€24,151 | -4.2% |
| Operating profit (loss) | 9901 | €190,934 | €184,963 | -€5,971 | -3.1% |
| Financial income | 75/76B | €77 | €247 | +€170 | +222.0% |
| Recurring financial income | 75 | €77 | €247 | +€170 | +222.0% |
| Financial charges | 65/66B | €8,806 | €7,233 | -€1,573 | -17.9% |
| Recurring financial charges | 65 | €8,806 | €7,233 | -€1,573 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | €182,205 | €177,977 | -€4,228 | -2.3% |
| Income taxes | 67/77 | €47,115 | €45,007 | -€2,108 | -4.5% |
| Profit (loss) for the period | 9904 | €135,090 | €132,970 | -€2,119 | -1.6% |
| Profit (loss) for the period to be appropriated | 9905 | €135,090 | €132,970 | -€2,119 | -1.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.