PARSIFAL: 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.
PARSIFAL
Largest movements
- Receivables after one year +€73,848
up €73,848 (+43.4%), from €170,000 to €243,848
- Cash -€64,933
down €64,933 (-74.4%), from €87,234 to €22,301
mainly Receivables after one year (-€73,848) and Debts after one year (-€17,869)
- Tangible fixed assets -€8,829
down €8,829 (-10.8%), from €82,120 to €73,291
of which Land and buildings: -€6,574
- Debts after one year -€17,869
no longer reported in 2025 (was €17,869)
- Reserves +€17,039
up €17,039 (+6.6%), from €256,939 to €273,978
of which Distributable reserves: +€17,039
- Gross operating margin +€3,261
up €3,261 (+8.6%), from €37,797 to €41,058
- Taxes +€1,223
up €1,223 (+17.6%), from €6,942 to €8,165
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 | €340,612 | €340,222 | -€390 | -0.1% |
| Fixed assets | 21/28 | €82,120 | €73,291 | -€8,829 | -10.8% |
| Tangible fixed assets | 22/27 | €82,120 | €73,291 | -€8,829 | -10.8% |
| Land and buildings | 22 | €76,660 | €70,086 | -€6,574 | -8.6% |
| Plant, machinery and equipment | 23 | €5,460 | €2,730 | -€2,730 | -50.0% |
| Furniture and vehicles | 24 | - | €475 | +€475 | |
| Current assets | 29/58 | €258,491 | €266,931 | +€8,440 | +3.3% |
| Amounts receivable after more than one year | 29 | €170,000 | €243,848 | +€73,848 | +43.4% |
| Other amounts receivable | 291 | €170,000 | €243,848 | +€73,848 | +43.4% |
| Amounts receivable within one year | 40/41 | €501 | - | -€501 | |
| Trade receivables | 40 | €501 | - | -€501 | |
| Cash at bank and in hand | 54/58 | €87,234 | €22,301 | -€64,933 | -74.4% |
| Deferred charges and accrued income | 490/1 | €756 | €782 | +€26 | +3.4% |
| Total equity and liabilities | 10/49 | €340,612 | €340,222 | -€390 | -0.1% |
| Equity | 10/15 | €319,012 | €336,052 | +€17,040 | +5.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €256,939 | €273,978 | +€17,039 | +6.6% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €250,739 | €267,778 | +€17,039 | +6.8% |
| Profit (loss) carried forward | 14 | €73 | €74 | +€1 | +1.1% |
| Amounts payable | 17/49 | €21,599 | €4,170 | -€17,429 | -80.7% |
| Amounts payable after more than one year | 17 | €17,869 | - | -€17,869 | |
| Other amounts payable | 178/9 | €17,869 | - | -€17,869 | |
| Amounts payable within one year | 42/48 | €3,730 | €4,170 | +€440 | +11.8% |
| Trade debts | 44 | - | €1,429 | +€1,429 | |
| Suppliers | 440/4 | - | €1,429 | +€1,429 | |
| Advances received on contracts in progress | 46 | €1,600 | €1,600 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €2,130 | €1,140 | -€990 | -46.5% |
| Taxes | 450/3 | €2,130 | €1,140 | -€990 | -46.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,487 | €9,369 | -€118 | -1.2% |
| Other operating charges | 640/8 | €6,217 | €6,412 | +€195 | +3.1% |
| Gross operating margin | 9900 | €37,797 | €41,058 | +€3,261 | +8.6% |
| Operating profit (loss) | 9901 | €22,092 | €25,277 | +€3,184 | +14.4% |
| Financial charges | 65/66B | €71 | €72 | +€2 | +2.1% |
| Recurring financial charges | 65 | €71 | €72 | +€2 | +2.1% |
| Profit (loss) for the period before taxes | 9903 | €22,022 | €25,205 | +€3,183 | +14.5% |
| Income taxes | 67/77 | €6,942 | €8,165 | +€1,223 | +17.6% |
| Profit (loss) for the period | 9904 | €15,080 | €17,040 | +€1,960 | +13.0% |
| Profit (loss) for the period to be appropriated | 9905 | €15,080 | €17,040 | +€1,960 | +13.0% |
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 30 October 2026 via checked.be.