'T PARADIJS: 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.
What changed
'T PARADIJS
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€76,082
2024 · €12,599+€63,484
Equity
€3.3m
2024 · €3.2m+€51,420
Cash
€469,793
2024 · €813,320-€343,527
Balance sheet total
€11.8m
2024 · €11.4m+€432,565
Largest movements
Assets
- Tangible fixed assets +€495,770
up €495,770 (+10.8%), from €4.6m to €5.1m
of which Land and buildings: +€494,999
- Cash -€343,527
down €343,527 (-42.2%), from €813,320 to €469,793
mainly Investment in fixed assets (net) (-€621,487) and Deferred charges and accrued income (-€195,983)
- Deferred charges and accrued income +€195,983
up €195,983 (+733%), from €26,748 to €222,731
- Current investments +€130,550
up €130,550 (+7.5%), from €1.7m to €1.9m
Equity and liabilities
- Other debts +€504,483
up €504,483 (+7.9%), from €6.4m to €6.9m
- Debts after one year -€194,564
down €194,564 (-16.1%), from €1.2m to €1.0m
Income statement
- Depreciation -€198,502
down €198,502 (-61.2%), from €324,219 to €125,717
- Financial charges +€102,586
up €102,586 (+72.0%), from €142,439 to €245,025
- Financial income +€56,975
up €56,975 (+32.0%), from €178,124 to €235,099
- Staff costs -€19,011
down €19,011 (-23.5%), from €81,024 to €62,013
- Taxes +€15,258
up €15,258 (+88.2%), from €17,308 to €32,566
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.
Result 2024
€12,599
Gross operating margin
-€13,105
Staff costs
+€19,011
Depreciation
+€198,502
Other operating charges
-€6,760
Other operating items
-€48,065
Financial income
+€56,975
Financial charges
-€102,586
Taxes
-€15,258
Deferred taxes and other
-€25,231
Result 2025
€76,082
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€723,086
Investment
-€752,037
Financing
-€314,576
Cash 2024
€813,320
From operations (derived)
+€723,086
Net result for the year
+€76,082
Depreciation
+€125,717
Receivables within one year
+€46,211
Deferred charges and accrued income
-€195,983
Provisions
+€47,697
Trade debts
+€21,526
Tax, wage and social debts
+€44,964
Other debts
+€504,483
Accrued charges and deferred income
+€52,388
Investment (derived)
-€752,037
Investment in fixed assets (net)
-€621,487
Current investments
-€130,550
Financing
-€314,576
Debts after one year
-€194,564
Current portion of long-term debt
-€95,350
Contributions, distributions and other
-€24,662
Cash 2025
€469,793
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,414,791 | €11,847,356 | +€432,565 | +3.8% |
| Fixed assets | 21/28 | €4,808,578 | €5,304,348 | +€495,770 | +10.3% |
| Tangible fixed assets | 22/27 | €4,582,578 | €5,078,348 | +€495,770 | +10.8% |
| Land and buildings | 22 | €4,552,380 | €5,047,379 | +€494,999 | +10.9% |
| Plant, machinery and equipment | 23 | - | €14,329 | +€14,329 | |
| Furniture and vehicles | 24 | €30,198 | €16,640 | -€13,558 | -44.9% |
| Financial fixed assets | 28 | €226,000 | €226,000 | = | 0.0% |
| Current assets | 29/58 | €6,606,213 | €6,543,007 | -€63,205 | -1.0% |
| Amounts receivable after more than one year | 29 | €3,152,497 | €3,152,497 | = | 0.0% |
| Other amounts receivable | 291 | €3,152,497 | €3,152,497 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €865,884 | €819,673 | -€46,211 | -5.3% |
| Trade receivables | 40 | €90,386 | €73,048 | -€17,339 | -19.2% |
| Other amounts receivable | 41 | €775,498 | €746,625 | -€28,872 | -3.7% |
| Current investments | 50/53 | €1,747,764 | €1,878,314 | +€130,550 | +7.5% |
| Cash at bank and in hand | 54/58 | €813,320 | €469,793 | -€343,527 | -42.2% |
| Deferred charges and accrued income | 490/1 | €26,748 | €222,731 | +€195,983 | +733% |
| Total equity and liabilities | 10/49 | €11,414,791 | €11,847,356 | +€432,565 | +3.8% |
| Equity | 10/15 | €3,240,909 | €3,292,329 | +€51,420 | +1.6% |
| Contributions | 10/11 | €2,381,445 | €2,381,445 | = | 0.0% |
| Capital | 10 | €2,381,032 | €2,381,032 | = | 0.0% |
| Issued capital | 100 | €2,381,032 | €2,381,032 | = | 0.0% |
| Contributions outside capital | 11 | €413 | €413 | = | 0.0% |
| Share premium | 1100/10 | €413 | €413 | = | 0.0% |
| Reserves | 13 | €859,463 | €910,884 | +€51,420 | +6.0% |
| Non-distributable reserves | 130/1 | €15,935 | €238,103 | +€222,168 | +1,394% |
| Legal reserve | 130 | €15,935 | €238,103 | +€222,168 | +1,394% |
| Tax-exempt reserves | 132 | €383,158 | €427,600 | +€44,442 | +11.6% |
| Distributable reserves | 133 | €460,370 | €245,181 | -€215,190 | -46.7% |
| Provisions and deferred taxes | 16 | €94,837 | €142,533 | +€47,697 | +50.3% |
| Deferred taxes | 168 | €94,837 | €142,533 | +€47,697 | +50.3% |
| Amounts payable | 17/49 | €8,079,045 | €8,412,493 | +€333,448 | +4.1% |
| Amounts payable after more than one year | 17 | €1,210,589 | €1,016,025 | -€194,564 | -16.1% |
| Financial debts | 170/4 | €1,210,589 | €1,016,025 | -€194,564 | -16.1% |
| Amounts payable within one year | 42/48 | €6,764,303 | €7,239,926 | +€475,624 | +7.0% |
| Current portion of amounts payable after more than one year | 42 | €289,914 | €194,564 | -€95,350 | -32.9% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €16,133 | €37,659 | +€21,526 | +133% |
| Suppliers | 440/4 | €16,133 | €37,659 | +€21,526 | +133% |
| Taxes, remuneration and social security | 45 | €37,328 | €82,292 | +€44,964 | +120% |
| Taxes | 450/3 | €14,400 | €65,949 | +€51,549 | +358% |
| Remuneration and social security | 454/9 | €22,928 | €16,343 | -€6,585 | -28.7% |
| Other amounts payable | 47/48 | €6,420,928 | €6,925,411 | +€504,483 | +7.9% |
| Accrued charges and deferred income | 492/3 | €104,154 | €156,542 | +€52,388 | +50.3% |
| Remuneration, social security and pensions | 62 | €81,024 | €62,013 | -€19,011 | -23.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €324,219 | €125,717 | -€198,502 | -61.2% |
| Other operating charges | 640/8 | €17,846 | €24,606 | +€6,760 | +37.9% |
| Non-recurring operating charges | 66A | - | €48,065 | +€48,065 | |
| Gross operating margin | 9900 | €415,114 | €402,009 | -€13,105 | -3.2% |
| Operating profit (loss) | 9901 | -€7,974 | €141,609 | +€149,583 | |
| Financial income | 75/76B | €178,124 | €235,099 | +€56,975 | +32.0% |
| Recurring financial income | 75 | €178,124 | €235,099 | +€56,975 | +32.0% |
| Financial charges | 65/66B | €142,439 | €245,025 | +€102,586 | +72.0% |
| Recurring financial charges | 65 | €142,439 | €245,025 | +€102,586 | +72.0% |
| Profit (loss) for the period before taxes | 9903 | €27,710 | €131,683 | +€103,973 | +375% |
| Transfer from deferred taxes | 780 | €2,196 | €9,688 | +€7,491 | +341% |
| Transfer to deferred taxes | 680 | - | €32,722 | +€32,722 | |
| Income taxes | 67/77 | €17,308 | €32,566 | +€15,258 | +88.2% |
| Profit (loss) for the period | 9904 | €12,599 | €76,082 | +€63,484 | +504% |
| Transfer from tax-exempt reserves | 789 | €6,589 | €29,063 | +€22,474 | +341% |
| Transfer to tax-exempt reserves | 689 | - | €98,167 | +€98,167 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,188 | €6,978 | -€12,209 | -63.6% |
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 23 October 2026 via checked.be.