La Paneterie: 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.
La Paneterie
Largest movements
- Tangible fixed assets +€136,077
up €136,077 (+10.9%), from €1.2m to €1.4m
of which Land and buildings: +€139,101
- Cash +€37,035
up €37,035 (+231.6%), from €15,989 to €53,024
mainly Debts after one year (+€111,795) and Depreciation (+€52,323)
- Stocks and contracts -€29,310
no longer reported in 2025 (was €29,310)
- Debts after one year +€111,795
up €111,795 (+10.0%), from €1.1m to €1.2m
- Profit (loss) carried forward +€17,528
up €17,528 (+49.4%), from -€35,458 to -€17,929
- Current portion of long-term debt +€16,447
up €16,447 (+55.7%), from €29,532 to €45,979
- Gross operating margin +€24,885
up €24,885 (+26.0%), from €95,870 to €120,755
- Depreciation +€3,779
up €3,779 (+7.8%), from €48,544 to €52,323
- Financial charges +€3,044
up €3,044 (+7.8%), from €38,952 to €41,996
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 | €1,321,119 | €1,467,764 | +€146,645 | +11.1% |
| Fixed assets | 21/28 | €1,246,484 | €1,382,561 | +€136,077 | +10.9% |
| Tangible fixed assets | 22/27 | €1,246,484 | €1,382,561 | +€136,077 | +10.9% |
| Land and buildings | 22 | €1,219,043 | €1,358,144 | +€139,101 | +11.4% |
| Plant, machinery and equipment | 23 | €27,441 | €24,417 | -€3,025 | -11.0% |
| Current assets | 29/58 | €74,635 | €85,203 | +€10,569 | +14.2% |
| Amounts receivable after more than one year | 29 | €20,730 | €20,730 | = | 0.0% |
| Other amounts receivable | 291 | €20,730 | €20,730 | = | 0.0% |
| Stocks and contracts in progress | 3 | €29,310 | - | -€29,310 | |
| Stocks | 30/36 | €29,310 | - | -€29,310 | |
| Amounts receivable within one year | 40/41 | €7,600 | €9,100 | +€1,500 | +19.7% |
| Trade receivables | 40 | €1,000 | €2,500 | +€1,500 | +150.0% |
| Other amounts receivable | 41 | €6,600 | €6,600 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €15,989 | €53,024 | +€37,035 | +231.6% |
| Deferred charges and accrued income | 490/1 | €1,006 | €2,349 | +€1,344 | +133.6% |
| Total equity and liabilities | 10/49 | €1,321,119 | €1,467,764 | +€146,645 | +11.1% |
| Equity | 10/15 | €65,002 | €82,531 | +€17,528 | +27.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,458 | -€17,929 | +€17,528 | +49.4% |
| Amounts payable | 17/49 | €1,256,117 | €1,385,234 | +€129,117 | +10.3% |
| Amounts payable after more than one year | 17 | €1,114,943 | €1,226,738 | +€111,795 | +10.0% |
| Financial debts | 170/4 | €1,114,943 | €1,226,738 | +€111,795 | +10.0% |
| Amounts payable within one year | 42/48 | €114,616 | €133,371 | +€18,755 | +16.4% |
| Current portion of amounts payable after more than one year | 42 | €29,532 | €45,979 | +€16,447 | +55.7% |
| Trade debts | 44 | €6,432 | €2,134 | -€4,298 | -66.8% |
| Suppliers | 440/4 | €6,432 | €2,134 | -€4,298 | -66.8% |
| Advances received on contracts in progress | 46 | €60,000 | €65,000 | +€5,000 | +8.3% |
| Other amounts payable | 47/48 | €18,652 | €20,257 | +€1,605 | +8.6% |
| Accrued charges and deferred income | 492/3 | €26,557 | €25,125 | -€1,432 | -5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,544 | €52,323 | +€3,779 | +7.8% |
| Other operating charges | 640/8 | €8,673 | €8,947 | +€274 | +3.2% |
| Gross operating margin | 9900 | €95,870 | €120,755 | +€24,885 | +26.0% |
| Operating profit (loss) | 9901 | €38,654 | €59,485 | +€20,832 | +53.9% |
| Financial income | 75/76B | - | €39 | +€39 | |
| Recurring financial income | 75 | - | €39 | +€39 | |
| Financial charges | 65/66B | €38,952 | €41,996 | +€3,044 | +7.8% |
| Recurring financial charges | 65 | €38,952 | €41,996 | +€3,044 | +7.8% |
| Profit (loss) for the period before taxes | 9903 | -€298 | €17,528 | +€17,827 | |
| Profit (loss) for the period | 9904 | -€298 | €17,528 | +€17,827 | |
| Profit (loss) for the period to be appropriated | 9905 | -€298 | €17,528 | +€17,827 |
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 10 October 2026 via checked.be.