Paronef: 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.
Paronef
Largest movements
- Current investments +€160,000
up €160,000 (+133.3%), from €120,000 to €280,000
- Cash +€135,834
up €135,834 (+85.1%), from €159,702 to €295,536
mainly Net result for the year (+€290,183) and Depreciation (+€12,188)
- Tangible fixed assets -€12,188
down €12,188 (-29.5%), from €41,373 to €29,185
of which Furniture and vehicles: -€12,088
- Profit (loss) carried forward +€250,000
new in 2025: €250,000
- Reserves +€40,183
up €40,183 (+10.1%), from €398,598 to €438,781
- Debts after one year -€11,838
down €11,838 (-43.3%), from €27,325 to €15,487
- Tax, wage and social debts +€8,721
up €8,721 (+35.7%), from €24,404 to €33,125
of which Taxes: +€8,721
- Gross operating margin +€81,120
up €81,120 (+25.9%), from €312,832 to €393,953
- Taxes +€21,007
up €21,007 (+30.0%), from €70,052 to €91,060
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 | €468,463 | €752,660 | +€284,198 | +60.7% |
| Fixed assets | 21/28 | €41,373 | €29,185 | -€12,188 | -29.5% |
| Tangible fixed assets | 22/27 | €41,373 | €29,185 | -€12,188 | -29.5% |
| Plant, machinery and equipment | 23 | €400 | €300 | -€100 | -25.0% |
| Furniture and vehicles | 24 | €40,973 | €28,885 | -€12,088 | -29.5% |
| Current assets | 29/58 | €427,090 | €723,476 | +€296,386 | +69.4% |
| Current investments | 50/53 | €120,000 | €280,000 | +€160,000 | +133.3% |
| Cash at bank and in hand | 54/58 | €159,702 | €295,536 | +€135,834 | +85.1% |
| Deferred charges and accrued income | 490/1 | €147,388 | €147,939 | +€552 | +0.4% |
| Total equity and liabilities | 10/49 | €468,463 | €752,660 | +€284,198 | +60.7% |
| Equity | 10/15 | €400,598 | €690,781 | +€290,183 | +72.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €398,598 | €438,781 | +€40,183 | +10.1% |
| Distributable reserves | 133 | €398,598 | €438,781 | +€40,183 | +10.1% |
| Profit (loss) carried forward | 14 | - | €250,000 | +€250,000 | |
| Amounts payable | 17/49 | €67,865 | €61,879 | -€5,986 | -8.8% |
| Amounts payable after more than one year | 17 | €27,325 | €15,487 | -€11,838 | -43.3% |
| Financial debts | 170/4 | €27,325 | €15,487 | -€11,838 | -43.3% |
| Amounts payable within one year | 42/48 | €40,540 | €46,392 | +€5,853 | +14.4% |
| Current portion of amounts payable after more than one year | 42 | €11,370 | €11,838 | +€469 | +4.1% |
| Trade debts | 44 | €0 | €243 | +€243 | |
| Suppliers | 440/4 | €0 | €243 | +€243 | |
| Taxes, remuneration and social security | 45 | €24,404 | €33,125 | +€8,721 | +35.7% |
| Taxes | 450/3 | €24,404 | €33,125 | +€8,721 | +35.7% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €4,765 | €1,186 | -€3,579 | -75.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,007 | €12,188 | +€181 | +1.5% |
| Other operating charges | 640/8 | €1,593 | €493 | -€1,100 | -69.1% |
| Gross operating margin | 9900 | €312,832 | €393,953 | +€81,120 | +25.9% |
| Operating profit (loss) | 9901 | €299,232 | €381,272 | +€82,040 | +27.4% |
| Financial income | 75/76B | €492 | €1,623 | +€1,130 | +229.7% |
| Recurring financial income | 75 | €492 | €1,623 | +€1,130 | +229.7% |
| Financial charges | 65/66B | €2,023 | €1,652 | -€371 | -18.3% |
| Recurring financial charges | 65 | €2,023 | €1,652 | -€371 | -18.3% |
| Profit (loss) for the period before taxes | 9903 | €297,702 | €381,243 | +€83,541 | +28.1% |
| Income taxes | 67/77 | €70,052 | €91,060 | +€21,007 | +30.0% |
| Profit (loss) for the period | 9904 | €227,650 | €290,183 | +€62,534 | +27.5% |
| Profit (loss) for the period to be appropriated | 9905 | €227,650 | €290,183 | +€62,534 | +27.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.