PARAAD: 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.
PARAAD
Largest movements
- Intangible fixed assets -€96,095
down €96,095 (-26.7%), from €360,357 to €264,262
- Receivables within one year +€44,186
up €44,186 (+89.7%), from €49,255 to €93,440
of which Trade receivables: +€44,674
- Debts after one year -€116,389
down €116,389 (-19.9%), from €585,862 to €469,473
- Trade debts +€38,372
up €38,372 (+612%), from €6,269 to €44,642
- Reserves +€17,500
up €17,500 (+22.0%), from €79,700 to €97,200
- Current portion of long-term debt +€8,834
up €8,834 (+7.0%), from €126,787 to €135,621
- Other debts +€8,610
up €8,610 (+57.2%), from €15,057 to €23,667
- Gross operating margin +€30,385
up €30,385 (+13.6%), from €223,936 to €254,322
- Taxes +€11,286
up €11,286 (+1,985%), from €569 to €11,855
- Depreciation +€3,600
up €3,600 (+2.5%), from €142,919 to €146,519
- Financial charges -€3,081
down €3,081 (-16.9%), from €18,212 to €15,131
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €844,571 | €798,369 | -€46,203 | -5.5% |
| Fixed assets | 21/28 | €793,322 | €699,250 | -€94,072 | -11.9% |
| Intangible fixed assets | 21 | €360,357 | €264,262 | -€96,095 | -26.7% |
| Tangible fixed assets | 22/27 | €432,964 | €434,988 | +€2,024 | +0.5% |
| Land and buildings | 22 | €386,919 | €398,334 | +€11,415 | +3.0% |
| Plant, machinery and equipment | 23 | €4,124 | €4,370 | +€246 | +6.0% |
| Furniture and vehicles | 24 | €41,921 | €32,285 | -€9,637 | -23.0% |
| Current assets | 29/58 | €51,250 | €99,119 | +€47,869 | +93.4% |
| Amounts receivable within one year | 40/41 | €49,255 | €93,440 | +€44,186 | +89.7% |
| Trade receivables | 40 | €11,365 | €56,039 | +€44,674 | +393% |
| Other amounts receivable | 41 | €37,890 | €37,401 | -€489 | -1.3% |
| Cash at bank and in hand | 54/58 | €1,024 | €2,702 | +€1,678 | +164% |
| Deferred charges and accrued income | 490/1 | €971 | €2,976 | +€2,005 | +206% |
| Total equity and liabilities | 10/49 | €844,571 | €798,369 | -€46,203 | -5.5% |
| Equity | 10/15 | €98,827 | €116,507 | +€17,680 | +17.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €79,700 | €97,200 | +€17,500 | +22.0% |
| Distributable reserves | 133 | €79,700 | €97,200 | +€17,500 | +22.0% |
| Profit (loss) carried forward | 14 | €527 | €707 | +€180 | +34.1% |
| Amounts payable | 17/49 | €745,744 | €681,862 | -€63,882 | -8.6% |
| Amounts payable after more than one year | 17 | €585,862 | €469,473 | -€116,389 | -19.9% |
| Financial debts | 170/4 | €585,862 | €469,473 | -€116,389 | -19.9% |
| Amounts payable within one year | 42/48 | €158,621 | €211,869 | +€53,248 | +33.6% |
| Current portion of amounts payable after more than one year | 42 | €126,787 | €135,621 | +€8,834 | +7.0% |
| Financial debts | 43 | - | €1,287 | +€1,287 | |
| Credit institutions | 430/8 | - | €1,287 | +€1,287 | |
| Trade debts | 44 | €6,269 | €44,642 | +€38,372 | +612% |
| Suppliers | 440/4 | €6,269 | €44,642 | +€38,372 | +612% |
| Advances received on contracts in progress | 46 | €104 | €104 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €10,403 | €6,549 | -€3,854 | -37.0% |
| Taxes | 450/3 | €496 | - | -€496 | |
| Remuneration and social security | 454/9 | €9,907 | €6,549 | -€3,358 | -33.9% |
| Other amounts payable | 47/48 | €15,057 | €23,667 | +€8,610 | +57.2% |
| Accrued charges and deferred income | 492/3 | €1,262 | €520 | -€742 | -58.8% |
| Remuneration, social security and pensions | 62 | €58,808 | €59,182 | +€375 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €142,919 | €146,519 | +€3,600 | +2.5% |
| Other operating charges | 640/8 | €1,819 | €4,013 | +€2,194 | +121% |
| Gross operating margin | 9900 | €223,936 | €254,322 | +€30,385 | +13.6% |
| Operating profit (loss) | 9901 | €20,390 | €44,607 | +€24,217 | +119% |
| Financial income | 75/76B | €0 | €59 | +€59 | +148,275% |
| Recurring financial income | 75 | €0 | €59 | +€59 | +148,275% |
| Financial charges | 65/66B | €18,212 | €15,131 | -€3,081 | -16.9% |
| Recurring financial charges | 65 | €18,212 | €15,131 | -€3,081 | -16.9% |
| Profit (loss) for the period before taxes | 9903 | €2,178 | €29,535 | +€27,357 | +1,256% |
| Income taxes | 67/77 | €569 | €11,855 | +€11,286 | +1,985% |
| Profit (loss) for the period | 9904 | €1,609 | €17,680 | +€16,071 | +999% |
| Profit (loss) for the period to be appropriated | 9905 | €1,609 | €17,680 | +€16,071 | +999% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.