ASBL Pangée: 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.
ASBL Pangée
Largest movements
- Cash -€3,020
down €3,020 (-40.3%), from €7,497 to €4,477
mainly Net result for the year (-€6,514) and Tax, wage and social debts (-€725)
- Receivables within one year -€2,767
down €2,767 (-32.6%), from €8,494 to €5,726
of which Trade receivables: -€2,983
- Tangible fixed assets -€758
down €758 (-50.0%), from €1,517 to €758
of which Plant, machinery and equipment: -€681
- Profit (loss) carried forward -€6,514
down €6,514 (-39.6%), from €16,428 to €9,914
- Trade debts +€785
up €785 (+38.8%), from €2,022 to €2,807
- Tax, wage and social debts -€725
no longer reported in 2025 (was €725)
- Gross operating margin -€7,315
down €7,315, from €3,297 to -€4,019
- Staff costs -€607
down €607 (-30.6%), from €1,987 to €1,380
- Financial income +€419
up €419 (+4,826%), from €9 to €428
- Financial charges +€172
up €172 (+153%), from €113 to €285
- Other operating charges +€74
up €74 (+17.5%), from €426 to €500
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 | €19,175 | €12,721 | -€6,454 | -33.7% |
| Fixed assets | 21/28 | €2,517 | €1,758 | -€758 | -30.1% |
| Tangible fixed assets | 22/27 | €1,517 | €758 | -€758 | -50.0% |
| Plant, machinery and equipment | 23 | €1,362 | €681 | -€681 | -50.0% |
| Furniture and vehicles | 24 | €155 | €77 | -€77 | -50.0% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €16,658 | €10,963 | -€5,695 | -34.2% |
| Stocks and contracts in progress | 3 | €594 | €594 | = | 0.0% |
| Stocks | 30/36 | €594 | €594 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €8,494 | €5,726 | -€2,767 | -32.6% |
| Trade receivables | 40 | €8,469 | €5,486 | -€2,983 | -35.2% |
| Other amounts receivable | 41 | €25 | €241 | +€216 | +861% |
| Cash at bank and in hand | 54/58 | €7,497 | €4,477 | -€3,020 | -40.3% |
| Deferred charges and accrued income | 490/1 | €73 | €165 | +€92 | +125% |
| Total equity and liabilities | 10/49 | €19,175 | €12,721 | -€6,454 | -33.7% |
| Equity | 10/15 | €16,428 | €9,914 | -€6,514 | -39.6% |
| Profit (loss) carried forward | 14 | €16,428 | €9,914 | -€6,514 | -39.6% |
| Amounts payable | 17/49 | €2,747 | €2,807 | +€60 | +2.2% |
| Amounts payable within one year | 42/48 | €2,747 | €2,807 | +€60 | +2.2% |
| Trade debts | 44 | €2,022 | €2,807 | +€785 | +38.8% |
| Suppliers | 440/4 | €2,022 | €2,807 | +€785 | +38.8% |
| Taxes, remuneration and social security | 45 | €725 | - | -€725 | |
| Taxes | 450/3 | €725 | - | -€725 | |
| Remuneration, social security and pensions | 62 | €1,987 | €1,380 | -€607 | -30.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €758 | €758 | = | 0.0% |
| Other operating charges | 640/8 | €426 | €500 | +€74 | +17.5% |
| Gross operating margin | 9900 | €3,297 | -€4,019 | -€7,315 | |
| Operating profit (loss) | 9901 | €125 | -€6,657 | -€6,782 | |
| Financial income | 75/76B | €9 | €428 | +€419 | +4,826% |
| Recurring financial income | 75 | €9 | €428 | +€419 | +4,826% |
| Financial charges | 65/66B | €113 | €285 | +€172 | +153% |
| Recurring financial charges | 65 | €113 | €285 | +€172 | +153% |
| Profit (loss) for the period before taxes | 9903 | €21 | -€6,514 | -€6,535 | |
| Profit (loss) for the period | 9904 | €21 | -€6,514 | -€6,535 | |
| Profit (loss) for the period to be appropriated | 9905 | €21 | -€6,514 | -€6,535 |
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 20 October 2026 via checked.be.