LCJ PANA: 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.
LCJ PANA
Largest movements
- Receivables within one year -€3,361
down €3,361 (-65.1%), from €5,166 to €1,805
of which Trade receivables: -€3,361
- Tangible fixed assets +€2,058
up €2,058, from €0 to €2,058
of which Leasing and similar rights: +€2,058
- Deferred charges and accrued income +€1,701
up €1,701, from €0 to €1,701
- Cash -€1,582
down €1,582 (-48.9%), from €3,232 to €1,650
mainly Debts after one year (-€21,591) and Trade debts (-€2,548)
- Debts after one year -€21,591
no longer reported in 2025 (was €21,591)
- Profit (loss) carried forward +€16,617
up €16,617 (+48.9%), from -€33,954 to -€17,337
- Other debts +€5,618
up €5,618, from €0 to €5,618
- Trade debts -€2,548
down €2,548 (-17.4%), from €14,631 to €12,083
- Accrued charges and deferred income +€1,091
up €1,091 (+496%), from €220 to €1,311
- Gross operating margin +€30,611
up €30,611, from -€12,866 to €17,745
- Staff costs -€4,320
down €4,320 (-96.1%), from €4,494 to €174
- Financial charges -€591
down €591 (-71.7%), from €825 to €234
- Depreciation +€204
up €204, from €0 to €204
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 | €8,398 | €7,215 | -€1,184 | -14.1% |
| Fixed assets | 21/28 | €0 | €2,058 | +€2,058 | |
| Tangible fixed assets | 22/27 | €0 | €2,058 | +€2,058 | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Leasing and similar rights | 25 | - | €2,058 | +€2,058 | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €8,398 | €5,157 | -€3,242 | -38.6% |
| Amounts receivable within one year | 40/41 | €5,166 | €1,805 | -€3,361 | -65.1% |
| Trade receivables | 40 | €5,166 | €1,805 | -€3,361 | -65.1% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €3,232 | €1,650 | -€1,582 | -48.9% |
| Deferred charges and accrued income | 490/1 | €0 | €1,701 | +€1,701 | |
| Total equity and liabilities | 10/49 | €8,398 | €7,215 | -€1,184 | -14.1% |
| Equity | 10/15 | -€30,954 | -€14,337 | +€16,617 | +53.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,954 | -€17,337 | +€16,617 | +48.9% |
| Amounts payable | 17/49 | €39,352 | €21,551 | -€17,801 | -45.2% |
| Amounts payable after more than one year | 17 | €21,591 | - | -€21,591 | |
| Other amounts payable | 178/9 | €21,591 | - | -€21,591 | |
| Amounts payable within one year | 42/48 | €17,541 | €20,240 | +€2,699 | +15.4% |
| Trade debts | 44 | €14,631 | €12,083 | -€2,548 | -17.4% |
| Suppliers | 440/4 | €14,631 | €12,083 | -€2,548 | -17.4% |
| Advances received on contracts in progress | 46 | €860 | - | -€860 | |
| Taxes, remuneration and social security | 45 | €2,050 | €2,539 | +€488 | +23.8% |
| Taxes | 450/3 | €1,828 | €2,464 | +€636 | +34.8% |
| Remuneration and social security | 454/9 | €222 | €74 | -€148 | -66.6% |
| Other amounts payable | 47/48 | €0 | €5,618 | +€5,618 | |
| Accrued charges and deferred income | 492/3 | €220 | €1,311 | +€1,091 | +496% |
| Remuneration, social security and pensions | 62 | €4,494 | €174 | -€4,320 | -96.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €204 | +€204 | |
| Other operating charges | 640/8 | €738 | €618 | -€120 | -16.2% |
| Gross operating margin | 9900 | -€12,866 | €17,745 | +€30,611 | |
| Operating profit (loss) | 9901 | -€18,098 | €16,749 | +€34,847 | |
| Financial income | 75/76B | €0 | €102 | +€102 | +78,469% |
| Recurring financial income | 75 | €0 | €102 | +€102 | +78,469% |
| Financial charges | 65/66B | €825 | €234 | -€591 | -71.7% |
| Recurring financial charges | 65 | €825 | €234 | -€591 | -71.7% |
| Profit (loss) for the period before taxes | 9903 | -€18,922 | €16,617 | +€35,540 | |
| Profit (loss) for the period | 9904 | -€18,922 | €16,617 | +€35,540 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,922 | €16,617 | +€35,540 |
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 30 October 2026 via checked.be.