PARRHESIA: 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.
PARRHESIA
Largest movements
- Cash -€59,633
down €59,633 (-28.3%), from €210,558 to €150,925
mainly Tax, wage and social debts (-€50,015) and Other debts (-€31,734)
- Tangible fixed assets +€8,498
up €8,498 (+66.0%), from €12,873 to €21,371
- Tax, wage and social debts -€50,015
down €50,015 (-75.9%), from €65,894 to €15,879
- Other debts -€31,734
down €31,734 (-93.7%), from €33,882 to €2,148
- Profit (loss) carried forward +€23,526
up €23,526 (+16.1%), from €145,935 to €169,461
- Trade debts +€6,264
up €6,264 (+103%), from €6,063 to €12,327
- Gross operating margin -€57,585
down €57,585 (-58.6%), from €98,324 to €40,739
- Taxes -€12,017
down €12,017 (-62.1%), from €19,365 to €7,348
- Financial income -€2,780
down €2,780 (-95.1%), from €2,924 to €144
- Depreciation +€2,282
up €2,282 (+36.4%), from €6,274 to €8,556
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 | €254,171 | €201,815 | -€52,356 | -20.6% |
| Fixed assets | 21/28 | €12,873 | €21,371 | +€8,498 | +66.0% |
| Tangible fixed assets | 22/27 | €12,873 | €21,371 | +€8,498 | +66.0% |
| Furniture and vehicles | 24 | €12,873 | €21,371 | +€8,498 | +66.0% |
| Current assets | 29/58 | €241,298 | €180,444 | -€60,854 | -25.2% |
| Amounts receivable within one year | 40/41 | €30,740 | €29,519 | -€1,221 | -4.0% |
| Trade receivables | 40 | €7,023 | €29,519 | +€22,496 | +320% |
| Other amounts receivable | 41 | €23,717 | - | -€23,717 | |
| Cash at bank and in hand | 54/58 | €210,558 | €150,925 | -€59,633 | -28.3% |
| Total equity and liabilities | 10/49 | €254,171 | €201,815 | -€52,356 | -20.6% |
| Equity | 10/15 | €147,935 | €171,461 | +€23,526 | +15.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €145,935 | €169,461 | +€23,526 | +16.1% |
| Amounts payable | 17/49 | €106,236 | €30,355 | -€75,882 | -71.4% |
| Amounts payable within one year | 42/48 | €105,839 | €30,355 | -€75,484 | -71.3% |
| Trade debts | 44 | €6,063 | €12,327 | +€6,264 | +103% |
| Suppliers | 440/4 | €6,063 | €12,327 | +€6,264 | +103% |
| Taxes, remuneration and social security | 45 | €65,894 | €15,879 | -€50,015 | -75.9% |
| Taxes | 450/3 | €65,894 | €15,879 | -€50,015 | -75.9% |
| Other amounts payable | 47/48 | €33,882 | €2,148 | -€31,734 | -93.7% |
| Accrued charges and deferred income | 492/3 | €398 | - | -€398 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,274 | €8,556 | +€2,282 | +36.4% |
| Other operating charges | 640/8 | €6 | €590 | +€584 | +9,796% |
| Gross operating margin | 9900 | €98,324 | €40,739 | -€57,585 | -58.6% |
| Operating profit (loss) | 9901 | €92,044 | €31,593 | -€60,451 | -65.7% |
| Financial income | 75/76B | €2,924 | €144 | -€2,780 | -95.1% |
| Recurring financial income | 75 | €2,924 | €144 | -€2,780 | -95.1% |
| Financial charges | 65/66B | €244 | €428 | +€184 | +75.3% |
| Recurring financial charges | 65 | €244 | €428 | +€184 | +75.3% |
| Profit (loss) for the period before taxes | 9903 | €94,724 | €31,309 | -€63,415 | -66.9% |
| Income taxes | 67/77 | €19,365 | €7,348 | -€12,017 | -62.1% |
| Profit (loss) for the period | 9904 | €75,360 | €23,961 | -€51,399 | -68.2% |
| Profit (loss) for the period to be appropriated | 9905 | €75,360 | €23,961 | -€51,399 | -68.2% |
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.