PARSEC ONE: 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.
PARSEC ONE
Largest movements
- Financial fixed assets +€667,000
up €667,000 (+66.7%), from €1.0m to €1.7m
- Current investments +€300,474
new in 2025: €300,474
- Cash -€73,057
down €73,057 (-63.5%), from €115,132 to €42,075
mainly Investment in fixed assets (net) (-€667,000) and Current investments (-€300,474)
- Contributions +€667,000
up €667,000 (+22233.3%), from €3,000 to €670,000
- Reserves +€365,976
up €365,976 (+69.8%), from €524,070 to €890,046
- Debts after one year -€125,000
down €125,000 (-50.0%), from €250,000 to €125,000
of which Other amounts payable: -€250,000
- Current portion of long-term debt -€25,000
down €25,000 (-16.7%), from €150,000 to €125,000
- Financial income +€164,701
up €164,701 (+7228.1%), from €2,279 to €166,980
- Financial charges +€25,620
up €25,620 (+13686.0%), from €187 to €25,807
- Gross operating margin +€11,728
up €11,728 (+4.1%), from €284,815 to €296,543
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 | €1,139,754 | €2,024,519 | +€884,764 | +77.6% |
| Fixed assets | 21/28 | €1,016,153 | €1,679,620 | +€663,467 | +65.3% |
| Tangible fixed assets | 22/27 | €16,153 | €12,620 | -€3,533 | -21.9% |
| Plant, machinery and equipment | 23 | - | €12,620 | +€12,620 | |
| Other tangible fixed assets | 26 | €16,153 | - | -€16,153 | |
| Financial fixed assets | 28 | €1,000,000 | €1,667,000 | +€667,000 | +66.7% |
| Current assets | 29/58 | €123,602 | €344,899 | +€221,298 | +179.0% |
| Amounts receivable within one year | 40/41 | €8,469 | €2,350 | -€6,119 | -72.3% |
| Trade receivables | 40 | €7,270 | €12 | -€7,258 | -99.8% |
| Other amounts receivable | 41 | €1,199 | €2,337 | +€1,139 | +95.0% |
| Current investments | 50/53 | - | €300,474 | +€300,474 | |
| Cash at bank and in hand | 54/58 | €115,132 | €42,075 | -€73,057 | -63.5% |
| Total equity and liabilities | 10/49 | €1,139,754 | €2,024,519 | +€884,764 | +77.6% |
| Equity | 10/15 | €527,070 | €1,560,046 | +€1.0m | +196.0% |
| Contributions | 10/11 | €3,000 | €670,000 | +€667,000 | +22233.3% |
| Reserves | 13 | €524,070 | €890,046 | +€365,976 | +69.8% |
| Distributable reserves | 133 | €524,070 | €890,046 | +€365,976 | +69.8% |
| Amounts payable | 17/49 | €612,685 | €464,473 | -€148,211 | -24.2% |
| Amounts payable after more than one year | 17 | €250,000 | €125,000 | -€125,000 | -50.0% |
| Financial debts | 170/4 | - | €125,000 | +€125,000 | |
| Other amounts payable | 178/9 | €250,000 | - | -€250,000 | |
| Amounts payable within one year | 42/48 | €362,685 | €339,473 | -€23,211 | -6.4% |
| Current portion of amounts payable after more than one year | 42 | €150,000 | €125,000 | -€25,000 | -16.7% |
| Trade debts | 44 | €7,564 | €532 | -€7,031 | -93.0% |
| Suppliers | 440/4 | €7,564 | €532 | -€7,031 | -93.0% |
| Taxes, remuneration and social security | 45 | €9,268 | €15,320 | +€6,052 | +65.3% |
| Taxes | 450/3 | €9,268 | €15,320 | +€6,052 | +65.3% |
| Other amounts payable | 47/48 | €195,853 | €198,621 | +€2,768 | +1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,533 | €3,533 | = | 0.0% |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Gross operating margin | 9900 | €284,815 | €296,543 | +€11,728 | +4.1% |
| Operating profit (loss) | 9901 | €280,754 | €292,466 | +€11,712 | +4.2% |
| Financial income | 75/76B | €2,279 | €166,980 | +€164,701 | +7228.1% |
| Recurring financial income | 75 | €2,279 | €166,980 | +€164,701 | +7228.1% |
| Financial charges | 65/66B | €187 | €25,807 | +€25,620 | +13686.0% |
| Recurring financial charges | 65 | €187 | €25,807 | +€25,620 | +13686.0% |
| Profit (loss) for the period before taxes | 9903 | €282,845 | €433,639 | +€150,793 | +53.3% |
| Income taxes | 67/77 | €65,801 | €67,663 | +€1,862 | +2.8% |
| Profit (loss) for the period | 9904 | €217,044 | €365,976 | +€148,932 | +68.6% |
| Profit (loss) for the period to be appropriated | 9905 | €217,044 | €365,976 | +€148,932 | +68.6% |
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 1 October 2026 via checked.be.