PARX: 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.
PARX
Largest movements
- Receivables within one year +€838,179
up €838,179 (+69.1%), from €1.2m to €2.1m
- Cash -€66,180
down €66,180 (-97.7%), from €67,773 to €1,593
mainly Receivables within one year (-€838,179) and Tax, wage and social debts (-€90,498)
- Deferred charges and accrued income -€62,646
down €62,646 (-24.7%), from €253,670 to €191,024
- Reserves +€650,174
up €650,174 (+17.8%), from €3.7m to €4.3m
of which Distributable reserves: +€650,174
- Short-term financial debts +€100,010
up €100,010 (+66.7%), from €150,000 to €250,010
- Tax, wage and social debts -€90,498
down €90,498 (-53.1%), from €170,375 to €79,877
- Gross operating margin +€64,900
up €64,900 (+7.8%), from €835,033 to €899,933
- Taxes +€47,237
up €47,237 (+16.7%), from €282,640 to €329,877
- Financial income +€41,105
up €41,105 (+39.1%), from €105,116 to €146,221
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 | €5,277,595 | €6,031,881 | +€754,286 | +14.3% |
| Fixed assets | 21/28 | €627,655 | €640,051 | +€12,397 | +2.0% |
| Tangible fixed assets | 22/27 | €607,655 | €620,051 | +€12,397 | +2.0% |
| Land and buildings | 22 | €596,875 | €575,194 | -€21,681 | -3.6% |
| Furniture and vehicles | 24 | €10,659 | €12,903 | +€2,244 | +21.0% |
| Other tangible fixed assets | 26 | €121 | €31,955 | +€31,834 | +26308.8% |
| Financial fixed assets | 28 | €20,000 | €20,000 | = | 0.0% |
| Current assets | 29/58 | €4,649,941 | €5,391,830 | +€741,889 | +16.0% |
| Amounts receivable after more than one year | 29 | €2,081,245 | €2,081,245 | = | 0.0% |
| Other amounts receivable | 291 | €2,081,245 | €2,081,245 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,213,464 | €2,051,642 | +€838,179 | +69.1% |
| Other amounts receivable | 41 | €1,213,464 | €2,051,642 | +€838,179 | +69.1% |
| Current investments | 50/53 | €1,033,790 | €1,066,326 | +€32,537 | +3.1% |
| Cash at bank and in hand | 54/58 | €67,773 | €1,593 | -€66,180 | -97.7% |
| Deferred charges and accrued income | 490/1 | €253,670 | €191,024 | -€62,646 | -24.7% |
| Total equity and liabilities | 10/49 | €5,277,595 | €6,031,881 | +€754,286 | +14.3% |
| Equity | 10/15 | €4,860,331 | €5,510,505 | +€650,174 | +13.4% |
| Contributions | 10/11 | €12,900 | €12,900 | = | 0.0% |
| Reserves | 13 | €3,653,312 | €4,303,487 | +€650,174 | +17.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €3,653,312 | €4,303,487 | +€650,174 | +17.8% |
| Profit (loss) carried forward | 14 | €1,194,118 | €1,194,118 | = | 0.0% |
| Amounts payable | 17/49 | €417,265 | €521,377 | +€104,112 | +25.0% |
| Amounts payable within one year | 42/48 | €417,265 | €517,504 | +€100,239 | +24.0% |
| Current portion of amounts payable after more than one year | 42 | €92,445 | €140,548 | +€48,103 | +52.0% |
| Financial debts | 43 | €150,000 | €250,010 | +€100,010 | +66.7% |
| Credit institutions | 430/8 | €150,000 | €250,010 | +€100,010 | +66.7% |
| Trade debts | 44 | €4,444 | €47,068 | +€42,624 | +959.1% |
| Suppliers | 440/4 | €4,444 | €47,068 | +€42,624 | +959.1% |
| Taxes, remuneration and social security | 45 | €170,375 | €79,877 | -€90,498 | -53.1% |
| Taxes | 450/3 | €170,375 | €79,877 | -€90,498 | -53.1% |
| Accrued charges and deferred income | 492/3 | €0 | €3,873 | +€3,873 | |
| Non-recurring operating income | 76A | €21,000 | €88,000 | +€67,000 | +319.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,205 | €41,528 | +€1,323 | +3.3% |
| Other operating charges | 640/8 | €2,657 | €7,367 | +€4,710 | +177.3% |
| Gross operating margin | 9900 | €835,033 | €899,933 | +€64,900 | +7.8% |
| Operating profit (loss) | 9901 | €792,171 | €851,038 | +€58,867 | +7.4% |
| Financial income | 75/76B | €105,116 | €146,221 | +€41,105 | +39.1% |
| Recurring financial income | 75 | €105,116 | €146,221 | +€41,105 | +39.1% |
| Financial charges | 65/66B | €14,321 | €17,207 | +€2,886 | +20.2% |
| Recurring financial charges | 65 | €14,321 | €17,207 | +€2,886 | +20.2% |
| Profit (loss) for the period before taxes | 9903 | €882,966 | €980,051 | +€97,085 | +11.0% |
| Income taxes | 67/77 | €282,640 | €329,877 | +€47,237 | +16.7% |
| Profit (loss) for the period | 9904 | €600,326 | €650,174 | +€49,848 | +8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €600,326 | €650,174 | +€49,848 | +8.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.