PARSIMONIA: 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.
PARSIMONIA
Largest movements
- Tangible fixed assets -€45,597
down €45,597 (-9.5%), from €478,405 to €432,808
of which Land and buildings: -€34,922
- Cash +€31,219
up €31,219 (+33.5%), from €93,210 to €124,429
mainly Depreciation (+€79,514) and Net result for the year (+€40,707)
- Deferred charges and accrued income -€10,338
down €10,338 (-68.6%), from €15,075 to €4,738
- Debts after one year -€29,237
down €29,237 (-23.4%), from €124,842 to €95,605
of which Financial debts: -€31,937
- Reserves +€28,207
up €28,207 (+7.4%), from €379,757 to €407,964
- Other debts -€21,266
down €21,266 (-39.6%), from €53,745 to €32,479
- Short-term financial debts -€13,505
no longer reported in 2025 (was €13,505)
- Tax, wage and social debts +€9,401
up €9,401 (+74.9%), from €12,544 to €21,946
- Gross operating margin -€29,203
down €29,203 (-15.8%), from €185,114 to €155,912
- Taxes +€11,103
up €11,103 (+102%), from €10,907 to €22,010
- Other operating charges -€9,120
down €9,120 (-54.4%), from €16,762 to €7,642
- Staff costs -€3,826
down €3,826 (-98.1%), from €3,900 to €74
- Financial charges -€1,932
down €1,932 (-21.1%), from €9,161 to €7,229
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 | €804,005 | €773,167 | -€30,838 | -3.8% |
| Fixed assets | 21/28 | €580,221 | €534,308 | -€45,913 | -7.9% |
| Tangible fixed assets | 22/27 | €478,405 | €432,808 | -€45,597 | -9.5% |
| Land and buildings | 22 | €445,751 | €410,829 | -€34,922 | -7.8% |
| Plant, machinery and equipment | 23 | €29,107 | €18,670 | -€10,437 | -35.9% |
| Furniture and vehicles | 24 | €3,547 | €3,309 | -€239 | -6.7% |
| Financial fixed assets | 28 | €101,816 | €101,500 | -€316 | -0.3% |
| Current assets | 29/58 | €223,784 | €238,859 | +€15,075 | +6.7% |
| Amounts receivable within one year | 40/41 | €108,916 | €103,111 | -€5,806 | -5.3% |
| Trade receivables | 40 | €34,973 | €49,459 | +€14,486 | +41.4% |
| Other amounts receivable | 41 | €73,944 | €53,652 | -€20,292 | -27.4% |
| Current investments | 50/53 | €6,582 | €6,582 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €93,210 | €124,429 | +€31,219 | +33.5% |
| Deferred charges and accrued income | 490/1 | €15,075 | €4,738 | -€10,338 | -68.6% |
| Total equity and liabilities | 10/49 | €804,005 | €773,167 | -€30,838 | -3.8% |
| Equity | 10/15 | €557,362 | €584,737 | +€27,374 | +4.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €379,757 | €407,964 | +€28,207 | +7.4% |
| Distributable reserves | 133 | €379,757 | €407,964 | +€28,207 | +7.4% |
| Profit (loss) carried forward | 14 | €159,013 | €158,180 | -€833 | -0.5% |
| Amounts payable | 17/49 | €246,642 | €188,431 | -€58,212 | -23.6% |
| Amounts payable after more than one year | 17 | €124,842 | €95,605 | -€29,237 | -23.4% |
| Financial debts | 170/4 | €124,842 | €92,905 | -€31,937 | -25.6% |
| Other amounts payable | 178/9 | - | €2,700 | +€2,700 | |
| Amounts payable within one year | 42/48 | €119,601 | €91,012 | -€28,589 | -23.9% |
| Current portion of amounts payable after more than one year | 42 | €35,878 | €31,937 | -€3,942 | -11.0% |
| Financial debts | 43 | €13,505 | - | -€13,505 | |
| Credit institutions | 430/8 | €13,505 | - | -€13,505 | |
| Trade debts | 44 | €3,929 | €4,651 | +€723 | +18.4% |
| Suppliers | 440/4 | €3,929 | €4,651 | +€723 | +18.4% |
| Taxes, remuneration and social security | 45 | €12,544 | €21,946 | +€9,401 | +74.9% |
| Taxes | 450/3 | €12,544 | €21,946 | +€9,401 | +74.9% |
| Other amounts payable | 47/48 | €53,745 | €32,479 | -€21,266 | -39.6% |
| Accrued charges and deferred income | 492/3 | €2,200 | €1,813 | -€386 | -17.6% |
| Remuneration, social security and pensions | 62 | €3,900 | €74 | -€3,826 | -98.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,220 | €79,514 | +€294 | +0.4% |
| Other operating charges | 640/8 | €16,762 | €7,642 | -€9,120 | -54.4% |
| Non-recurring operating charges | 66A | €53,516 | €459 | -€53,056 | -99.1% |
| Gross operating margin | 9900 | €185,114 | €155,912 | -€29,203 | -15.8% |
| Operating profit (loss) | 9901 | €31,716 | €68,221 | +€36,505 | +115% |
| Financial income | 75/76B | €662 | €1,725 | +€1,063 | +161% |
| Recurring financial income | 75 | €662 | €1,725 | +€1,063 | +161% |
| Financial charges | 65/66B | €9,161 | €7,229 | -€1,932 | -21.1% |
| Recurring financial charges | 65 | €9,161 | €7,229 | -€1,932 | -21.1% |
| Profit (loss) for the period before taxes | 9903 | €23,217 | €62,717 | +€39,500 | +170% |
| Income taxes | 67/77 | €10,907 | €22,010 | +€11,103 | +102% |
| Profit (loss) for the period | 9904 | €12,311 | €40,707 | +€28,396 | +231% |
| Profit (loss) for the period to be appropriated | 9905 | €12,311 | €40,707 | +€28,396 | +231% |
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 16 October 2026 via checked.be.