PARV: 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.
PARV
Largest movements
- Cash -€769,694
down €769,694 (-67.5%), from €1.1m to €370,804
mainly Debts after one year (-€481,278) and Trade debts (-€415,592)
- Stocks and contracts -€111,779
down €111,779 (-7.8%), from €1.4m to €1.3m
- Receivables within one year +€84,917
up €84,917 (+5.5%), from €1.5m to €1.6m
of which Trade receivables: +€79,552
- Debts after one year -€481,278
no longer reported in 2025 (was €481,278)
- Other debts +€474,519
up €474,519 (+4,161%), from €11,403 to €485,922
- Trade debts -€415,592
down €415,592 (-47.6%), from €873,223 to €457,631
- Reserves -€303,825
down €303,825 (-21.6%), from €1.4m to €1.1m
of which Distributable reserves: -€303,825
- Short-term financial debts -€75,393
down €75,393 (-11.6%), from €650,894 to €575,501
- Turnover -€4.1m
no longer reported in 2025 (was €4.1m)
- Purchases and services -€3.7m
no longer reported in 2025 (was €3.7m)
- Gross operating margin -€578,601
down €578,601, from €322,328 to -€256,272
- Write-downs -€84,172
no longer reported in 2025 (was €84,172)
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 | €4,132,556 | €3,331,008 | -€801,548 | -19.4% |
| Fixed assets | 21/28 | €7,156 | €3,896 | -€3,260 | -45.6% |
| Tangible fixed assets | 22/27 | €7,156 | €3,896 | -€3,260 | -45.6% |
| Plant, machinery and equipment | 23 | €7,156 | €3,896 | -€3,260 | -45.6% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €4,125,400 | €3,327,112 | -€798,288 | -19.4% |
| Stocks and contracts in progress | 3 | €1,436,014 | €1,324,235 | -€111,779 | -7.8% |
| Stocks | 30/36 | €1,436,014 | €1,324,235 | -€111,779 | -7.8% |
| Amounts receivable within one year | 40/41 | €1,541,431 | €1,626,349 | +€84,917 | +5.5% |
| Trade receivables | 40 | €1,511,777 | €1,591,328 | +€79,552 | +5.3% |
| Other amounts receivable | 41 | €29,655 | €35,020 | +€5,366 | +18.1% |
| Cash at bank and in hand | 54/58 | €1,140,498 | €370,804 | -€769,694 | -67.5% |
| Deferred charges and accrued income | 490/1 | €7,456 | €5,723 | -€1,733 | -23.2% |
| Total equity and liabilities | 10/49 | €4,132,556 | €3,331,008 | -€801,548 | -19.4% |
| Equity | 10/15 | €2,099,216 | €1,795,391 | -€303,825 | -14.5% |
| Contributions | 10/11 | €693,546 | €693,546 | = | 0.0% |
| Reserves | 13 | €1,405,670 | €1,101,845 | -€303,825 | -21.6% |
| Non-distributable reserves | 130/1 | €42,295 | €42,295 | = | 0.0% |
| Reserves not available under the articles | 1311 | €42,295 | €42,295 | = | 0.0% |
| Distributable reserves | 133 | €1,363,375 | €1,059,550 | -€303,825 | -22.3% |
| Amounts payable | 17/49 | €2,033,340 | €1,535,617 | -€497,723 | -24.5% |
| Amounts payable after more than one year | 17 | €481,278 | - | -€481,278 | |
| Financial debts | 170/4 | €481,278 | - | -€481,278 | |
| Amounts payable within one year | 42/48 | €1,552,062 | €1,529,117 | -€22,945 | -1.5% |
| Financial debts | 43 | €650,894 | €575,501 | -€75,393 | -11.6% |
| Other loans | 439 | €650,894 | €575,501 | -€75,393 | -11.6% |
| Trade debts | 44 | €873,223 | €457,631 | -€415,592 | -47.6% |
| Suppliers | 440/4 | €873,223 | €457,631 | -€415,592 | -47.6% |
| Taxes, remuneration and social security | 45 | €16,542 | €10,063 | -€6,479 | -39.2% |
| Taxes | 450/3 | €11,938 | €5,264 | -€6,674 | -55.9% |
| Remuneration and social security | 454/9 | €4,604 | €4,799 | +€195 | +4.2% |
| Other amounts payable | 47/48 | €11,403 | €485,922 | +€474,519 | +4,161% |
| Accrued charges and deferred income | 492/3 | - | €6,500 | +€6,500 | |
| Turnover | 70 | €4,054,188 | - | -€4.1m | |
| Goods, raw materials, services and sundry goods | 60/61 | €3,743,350 | - | -€3.7m | |
| Remuneration, social security and pensions | 62 | €35,195 | €31,992 | -€3,202 | -9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,147 | €4,199 | +€52 | +1.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €84,172 | - | -€84,172 | |
| Other operating charges | 640/8 | €1,551 | €1,656 | +€106 | +6.8% |
| Gross operating margin | 9900 | €322,328 | -€256,272 | -€578,601 | |
| Operating profit (loss) | 9901 | €197,265 | -€294,119 | -€491,384 | |
| Financial income | 75/76B | €25,181 | €10,208 | -€14,973 | -59.5% |
| Recurring financial income | 75 | €25,181 | €10,208 | -€14,973 | -59.5% |
| Financial charges | 65/66B | €11,438 | €10,516 | -€923 | -8.1% |
| Recurring financial charges | 65 | €11,438 | €10,516 | -€923 | -8.1% |
| Profit (loss) for the period before taxes | 9903 | €211,007 | -€294,427 | -€505,434 | |
| Income taxes | 67/77 | €21,489 | €9,398 | -€12,091 | -56.3% |
| Profit (loss) for the period | 9904 | €189,518 | -€303,825 | -€493,343 | |
| Profit (loss) for the period to be appropriated | 9905 | €189,518 | -€303,825 | -€493,343 |
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 18 October 2026 via checked.be.