PARRINELLO: 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.
PARRINELLO
Largest movements
- Receivables within one year -€96,832
down €96,832 (-30.9%), from €313,464 to €216,632
of which Trade receivables: -€86,827
- Cash +€24,065
up €24,065 (+338%), from €7,130 to €31,195
mainly Receivables within one year (+€96,832) and Depreciation (+€22,592)
- Stocks and contracts +€12,536
up €12,536 (+200%), from €6,260 to €18,796
- Tangible fixed assets -€10,926
down €10,926 (-6.1%), from €178,850 to €167,924
of which Land and buildings: -€7,872
- Trade debts -€66,640
down €66,640 (-34.0%), from €195,978 to €129,338
- Debts after one year -€25,510
down €25,510 (-19.2%), from €132,874 to €107,364
- Reserves +€12,013
up €12,013 (+40.1%), from €29,991 to €42,004
of which Distributable reserves: +€12,013
- Short-term financial debts -€9,345
no longer reported in 2025 (was €9,345)
- Tax, wage and social debts +€7,444
up €7,444 (+122%), from €6,109 to €13,553
of which Remuneration and social security: +€8,894
- Gross operating margin +€51,544
up €51,544 (+20.8%), from €247,993 to €299,536
- Staff costs +€29,053
up €29,053 (+13.7%), from €212,819 to €241,872
- Depreciation +€8,250
up €8,250 (+57.5%), from €14,342 to €22,592
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 | €508,914 | €436,057 | -€72,857 | -14.3% |
| Fixed assets | 21/28 | €179,413 | €168,487 | -€10,926 | -6.1% |
| Tangible fixed assets | 22/27 | €178,850 | €167,924 | -€10,926 | -6.1% |
| Land and buildings | 22 | €150,560 | €142,688 | -€7,872 | -5.2% |
| Furniture and vehicles | 24 | €28,290 | €25,237 | -€3,054 | -10.8% |
| Financial fixed assets | 28 | €563 | €563 | = | 0.0% |
| Current assets | 29/58 | €329,501 | €267,570 | -€61,931 | -18.8% |
| Stocks and contracts in progress | 3 | €6,260 | €18,796 | +€12,536 | +200% |
| Stocks | 30/36 | €6,260 | €18,796 | +€12,536 | +200% |
| Amounts receivable within one year | 40/41 | €313,464 | €216,632 | -€96,832 | -30.9% |
| Trade receivables | 40 | €291,440 | €204,613 | -€86,827 | -29.8% |
| Other amounts receivable | 41 | €22,024 | €12,019 | -€10,004 | -45.4% |
| Cash at bank and in hand | 54/58 | €7,130 | €31,195 | +€24,065 | +338% |
| Deferred charges and accrued income | 490/1 | €2,647 | €948 | -€1,699 | -64.2% |
| Total equity and liabilities | 10/49 | €508,914 | €436,057 | -€72,857 | -14.3% |
| Equity | 10/15 | €36,191 | €48,204 | +€12,013 | +33.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €29,991 | €42,004 | +€12,013 | +40.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €28,131 | €40,144 | +€12,013 | +42.7% |
| Amounts payable | 17/49 | €472,723 | €387,853 | -€84,870 | -18.0% |
| Amounts payable after more than one year | 17 | €132,874 | €107,364 | -€25,510 | -19.2% |
| Financial debts | 170/4 | €132,874 | €107,364 | -€25,510 | -19.2% |
| Amounts payable within one year | 42/48 | €339,849 | €280,489 | -€59,360 | -17.5% |
| Current portion of amounts payable after more than one year | 42 | €30,562 | €34,108 | +€3,547 | +11.6% |
| Financial debts | 43 | €9,345 | - | -€9,345 | |
| Credit institutions | 430/8 | €9,345 | - | -€9,345 | |
| Trade debts | 44 | €195,978 | €129,338 | -€66,640 | -34.0% |
| Suppliers | 440/4 | €195,978 | €129,338 | -€66,640 | -34.0% |
| Taxes, remuneration and social security | 45 | €6,109 | €13,553 | +€7,444 | +122% |
| Taxes | 450/3 | €2,652 | €1,201 | -€1,450 | -54.7% |
| Remuneration and social security | 454/9 | €3,457 | €12,351 | +€8,894 | +257% |
| Other amounts payable | 47/48 | €97,856 | €103,490 | +€5,634 | +5.8% |
| Non-recurring operating income | 76A | - | €7,989 | +€7,989 | |
| Remuneration, social security and pensions | 62 | €212,819 | €241,872 | +€29,053 | +13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,342 | €22,592 | +€8,250 | +57.5% |
| Other operating charges | 640/8 | €4,639 | €4,363 | -€276 | -5.9% |
| Non-recurring operating charges | 66A | €2,454 | €2,592 | +€139 | +5.7% |
| Gross operating margin | 9900 | €247,993 | €299,536 | +€51,544 | +20.8% |
| Operating profit (loss) | 9901 | €13,740 | €28,118 | +€14,378 | +105% |
| Financial income | 75/76B | €930 | €1,145 | +€215 | +23.2% |
| Recurring financial income | 75 | €930 | €1,145 | +€215 | +23.2% |
| Financial charges | 65/66B | €15,200 | €15,433 | +€233 | +1.5% |
| Recurring financial charges | 65 | €15,200 | €15,433 | +€233 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | -€531 | €13,830 | +€14,360 | |
| Income taxes | 67/77 | €723 | €1,817 | +€1,094 | +151% |
| Profit (loss) for the period | 9904 | -€1,253 | €12,013 | +€13,266 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,253 | €12,013 | +€13,266 |
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 17 October 2026 via checked.be.