PARS PRO TOTO: 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.
PARS PRO TOTO
Largest movements
- Current investments -€279,504
down €279,504 (-34.3%), from €815,906 to €536,402
- Receivables within one year +€206,146
up €206,146 (+39.3%), from €524,619 to €730,765
of which Trade receivables: +€187,412
- Cash +€134,437
up €134,437 (+43.2%), from €311,401 to €445,838
mainly Current investments (+€279,504) and Trade debts (+€196,109)
- Receivables after one year +€80,000
up €80,000 (+59.3%), from €135,000 to €215,000
- Tangible fixed assets -€61,403
down €61,403 (-6.1%), from €1.0m to €951,363
of which Land and buildings: -€55,020
- Trade debts +€196,109
up €196,109 (+92.8%), from €211,362 to €407,471
- Reserves -€152,685
down €152,685 (-17.3%), from €883,583 to €730,898
of which Non-distributable reserves: -€152,685
- Advances received +€101,535
up €101,535 (+185%), from €54,849 to €156,384
- Profit (loss) carried forward +€87,773
up €87,773 (+54.5%), from -€161,164 to -€73,392
- Revaluation surpluses -€46,627
down €46,627 (-5.3%), from €871,624 to €824,996
- Staff costs -€79,066
down €79,066 (-14.6%), from €542,806 to €463,740
- Taxes +€52,370
up €52,370 (+85.3%), from €61,416 to €113,786
- Gross operating margin +€18,046
up €18,046 (+2.2%), from €833,580 to €851,626
- Financial charges +€11,339
up €11,339 (+50.5%), from €22,447 to €33,786
- Depreciation -€11,111
down €11,111 (-7.0%), from €157,957 to €146,846
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 | €2,857,153 | €2,938,127 | +€80,974 | +2.8% |
| Fixed assets | 21/28 | €1,013,395 | €951,992 | -€61,403 | -6.1% |
| Tangible fixed assets | 22/27 | €1,012,766 | €951,363 | -€61,403 | -6.1% |
| Land and buildings | 22 | €988,377 | €933,357 | -€55,020 | -5.6% |
| Plant, machinery and equipment | 23 | €17,472 | €8,453 | -€9,019 | -51.6% |
| Furniture and vehicles | 24 | €6,917 | €9,553 | +€2,636 | +38.1% |
| Financial fixed assets | 28 | €629 | €629 | = | 0.0% |
| Current assets | 29/58 | €1,843,758 | €1,986,136 | +€142,377 | +7.7% |
| Amounts receivable after more than one year | 29 | €135,000 | €215,000 | +€80,000 | +59.3% |
| Other amounts receivable | 291 | €135,000 | €215,000 | +€80,000 | +59.3% |
| Amounts receivable within one year | 40/41 | €524,619 | €730,765 | +€206,146 | +39.3% |
| Trade receivables | 40 | €318,788 | €506,199 | +€187,412 | +58.8% |
| Other amounts receivable | 41 | €205,831 | €224,565 | +€18,734 | +9.1% |
| Current investments | 50/53 | €815,906 | €536,402 | -€279,504 | -34.3% |
| Cash at bank and in hand | 54/58 | €311,401 | €445,838 | +€134,437 | +43.2% |
| Deferred charges and accrued income | 490/1 | €56,832 | €58,131 | +€1,299 | +2.3% |
| Total equity and liabilities | 10/49 | €2,857,153 | €2,938,127 | +€80,974 | +2.8% |
| Equity | 10/15 | €1,628,417 | €1,516,877 | -€111,540 | -6.8% |
| Contributions | 10/11 | €34,375 | €34,375 | = | 0.0% |
| Revaluation surpluses | 12 | €871,624 | €824,996 | -€46,627 | -5.3% |
| Reserves | 13 | €883,583 | €730,898 | -€152,685 | -17.3% |
| Non-distributable reserves | 130/1 | €513,558 | €360,873 | -€152,685 | -29.7% |
| Reserves not available under the articles | 1311 | €312,638 | €359,266 | +€46,627 | +14.9% |
| Own shares acquired | 1312 | €200,920 | €1,607 | -€199,313 | -99.2% |
| Tax-exempt reserves | 132 | €29,000 | €29,000 | = | 0.0% |
| Distributable reserves | 133 | €341,025 | €341,025 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€161,164 | -€73,392 | +€87,773 | +54.5% |
| Amounts payable | 17/49 | €1,228,736 | €1,421,250 | +€192,514 | +15.7% |
| Amounts payable after more than one year | 17 | €329,993 | €299,957 | -€30,036 | -9.1% |
| Financial debts | 170/4 | €329,993 | €299,957 | -€30,036 | -9.1% |
| Amounts payable within one year | 42/48 | €888,784 | €1,110,881 | +€222,097 | +25.0% |
| Current portion of amounts payable after more than one year | 42 | €228,950 | €207,870 | -€21,080 | -9.2% |
| Trade debts | 44 | €211,362 | €407,471 | +€196,109 | +92.8% |
| Suppliers | 440/4 | €211,362 | €407,471 | +€196,109 | +92.8% |
| Advances received on contracts in progress | 46 | €54,849 | €156,384 | +€101,535 | +185% |
| Taxes, remuneration and social security | 45 | €144,916 | €98,665 | -€46,251 | -31.9% |
| Taxes | 450/3 | €28,866 | - | -€28,866 | |
| Remuneration and social security | 454/9 | €116,050 | €98,665 | -€17,385 | -15.0% |
| Other amounts payable | 47/48 | €248,707 | €240,491 | -€8,216 | -3.3% |
| Accrued charges and deferred income | 492/3 | €9,959 | €10,413 | +€454 | +4.6% |
| Remuneration, social security and pensions | 62 | €542,806 | €463,740 | -€79,066 | -14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €157,957 | €146,846 | -€11,111 | -7.0% |
| Other operating charges | 640/8 | €19,741 | €21,076 | +€1,336 | +6.8% |
| Gross operating margin | 9900 | €833,580 | €851,626 | +€18,046 | +2.2% |
| Operating profit (loss) | 9901 | €113,077 | €219,964 | +€106,887 | +94.5% |
| Financial income | 75/76B | €10,542 | €15,381 | +€4,839 | +45.9% |
| Recurring financial income | 75 | €10,482 | €15,381 | +€4,899 | +46.7% |
| Non-recurring financial income | 76B | €60 | - | -€60 | |
| Financial charges | 65/66B | €22,447 | €33,786 | +€11,339 | +50.5% |
| Recurring financial charges | 65 | €22,447 | €33,786 | +€11,339 | +50.5% |
| Profit (loss) for the period before taxes | 9903 | €101,172 | €201,558 | +€100,387 | +99.2% |
| Income taxes | 67/77 | €61,416 | €113,786 | +€52,370 | +85.3% |
| Profit (loss) for the period | 9904 | €39,756 | €87,773 | +€48,017 | +121% |
| Profit (loss) for the period to be appropriated | 9905 | €39,756 | €87,773 | +€48,017 | +121% |
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 20 October 2026 via checked.be.