Parojo: 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.
Parojo
Largest movements
- Tangible fixed assets +€1.8m
up €1.8m (+229%), from €782,707 to €2.6m
of which Assets under construction and advance payments: +€1.8m
- Receivables within one year +€118,570
up €118,570 (+23.6%), from €502,285 to €620,855
of which Other amounts receivable: +€423,192
- Short-term financial debts +€2.8m
up €2.8m (+3,278%), from €86,254 to €2.9m
of which Credit institutions: +€2.9m
- Debts after one year -€1.2m
down €1.2m (-96.1%), from €1.2m to €47,500
- Reserves +€358,111
up €358,111 (+20.5%), from €1.7m to €2.1m
- Trade debts -€183,896
down €183,896 (-75.1%), from €244,788 to €60,893
- Other debts +€103,400
up €103,400 (+27.0%), from €382,309 to €485,709
- Financial income -€100,004
down €100,004 (-25.0%), from €400,450 to €300,446
- Financial charges +€49,863
up €49,863 (+99.5%), from €50,122 to €99,985
- Other operating charges -€10,870
down €10,870 (-61.1%), from €17,790 to €6,920
- Taxes -€8,248
down €8,248 (-26.0%), from €31,778 to €23,531
- Gross operating margin +€2,743
up €2,743 (+1.5%), from €185,494 to €188,237
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 | €3,830,248 | €5,756,071 | +€1.9m | +50.3% |
| Fixed assets | 21/28 | €3,287,707 | €5,081,896 | +€1.8m | +54.6% |
| Tangible fixed assets | 22/27 | €782,707 | €2,576,896 | +€1.8m | +229% |
| Land and buildings | 22 | €621,585 | €621,585 | +€0 | 0.0% |
| Furniture and vehicles | 24 | - | €978 | +€978 | |
| Assets under construction and advance payments | 27 | €161,122 | €1,954,333 | +€1.8m | +1,113% |
| Financial fixed assets | 28 | €2,505,000 | €2,505,000 | = | 0.0% |
| Current assets | 29/58 | €542,541 | €674,175 | +€131,634 | +24.3% |
| Amounts receivable within one year | 40/41 | €502,285 | €620,855 | +€118,570 | +23.6% |
| Trade receivables | 40 | €312,785 | €8,163 | -€304,622 | -97.4% |
| Other amounts receivable | 41 | €189,499 | €612,692 | +€423,192 | +223% |
| Cash at bank and in hand | 54/58 | €9,568 | €19,250 | +€9,682 | +101% |
| Deferred charges and accrued income | 490/1 | €30,688 | €34,070 | +€3,382 | +11.0% |
| Total equity and liabilities | 10/49 | €3,830,248 | €5,756,071 | +€1.9m | +50.3% |
| Equity | 10/15 | €1,761,928 | €2,120,040 | +€358,111 | +20.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,743,328 | €2,101,440 | +€358,111 | +20.5% |
| Distributable reserves | 133 | €1,743,328 | €2,101,440 | +€358,111 | +20.5% |
| Amounts payable | 17/49 | €2,068,320 | €3,636,031 | +€1.6m | +75.8% |
| Amounts payable after more than one year | 17 | €1,210,526 | €47,500 | -€1.2m | -96.1% |
| Financial debts | 170/4 | €1,210,526 | €47,500 | -€1.2m | -96.1% |
| Amounts payable within one year | 42/48 | €857,793 | €3,578,621 | +€2.7m | +317% |
| Current portion of amounts payable after more than one year | 42 | €90,000 | €97,500 | +€7,500 | +8.3% |
| Financial debts | 43 | €86,254 | €2,913,814 | +€2.8m | +3,278% |
| Credit institutions | 430/8 | €16,254 | €2,913,814 | +€2.9m | +17,827% |
| Other loans | 439 | €70,000 | €0 | -€70,000 | -100% |
| Trade debts | 44 | €244,788 | €60,893 | -€183,896 | -75.1% |
| Suppliers | 440/4 | €244,788 | €60,893 | -€183,896 | -75.1% |
| Taxes, remuneration and social security | 45 | €54,442 | €20,705 | -€33,737 | -62.0% |
| Taxes | 450/3 | €54,442 | €20,705 | -€33,737 | -62.0% |
| Other amounts payable | 47/48 | €382,309 | €485,709 | +€103,400 | +27.0% |
| Accrued charges and deferred income | 492/3 | €0 | €9,910 | +€9,910 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €136 | +€136 | |
| Other operating charges | 640/8 | €17,790 | €6,920 | -€10,870 | -61.1% |
| Gross operating margin | 9900 | €185,494 | €188,237 | +€2,743 | +1.5% |
| Operating profit (loss) | 9901 | €167,704 | €181,180 | +€13,476 | +8.0% |
| Financial income | 75/76B | €400,450 | €300,446 | -€100,004 | -25.0% |
| Recurring financial income | 75 | €400,450 | €300,446 | -€100,004 | -25.0% |
| Financial charges | 65/66B | €50,122 | €99,985 | +€49,863 | +99.5% |
| Recurring financial charges | 65 | €50,122 | €99,985 | +€49,863 | +99.5% |
| Profit (loss) for the period before taxes | 9903 | €518,032 | €381,642 | -€136,390 | -26.3% |
| Income taxes | 67/77 | €31,778 | €23,531 | -€8,248 | -26.0% |
| Profit (loss) for the period | 9904 | €486,254 | €358,111 | -€128,142 | -26.4% |
| Profit (loss) for the period to be appropriated | 9905 | €486,254 | €358,111 | -€128,142 | -26.4% |
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.