ONDERNEMING PANIS: what changed
ONDERNEMING PANIS
Largest movements
- Deferred charges and accrued income +€7,297
new in 2025: €7,297
- Cash +€5,087
new in 2025: €5,087
mainly Current portion of long-term debt (+€29,980) and Net result for the year (+€29,150)
- Stocks and contracts +€1,850
up €1,850 (+42.2%), from €4,386 to €6,236
- Tangible fixed assets +€1,726
up €1,726 (+69.5%), from €2,483 to €4,209
of which Plant, machinery and equipment: +€1,307
- Receivables within one year +€540
up €540 (+14.8%), from €3,652 to €4,192
- Current portion of long-term debt +€29,980
new in 2025: €29,980
- Profit (loss) carried forward +€29,150
up €29,150 (+19.7%), from -€148,196 to -€119,046
- Trade debts -€13,512
down €13,512 (-51.1%), from €26,438 to €12,925
- Tax, wage and social debts -€11,395
down €11,395 (-87.3%), from €13,047 to €1,652
of which Taxes: -€11,395
- Debts after one year -€8,500
down €8,500 (-100%), from €8,500 to €0
of which Other amounts payable: -€8,500
- Gross operating margin +€34,462
up €34,462 (+214%), from €16,069 to €50,530
- Financial income +€5,044
up €5,044 (+19,734%), from €26 to €5,070
- Other operating charges -€3,011
down €3,011 (-69.1%), from €4,355 to €1,344
- Financial charges +€2,881
up €2,881 (+421%), from €684 to €3,565
- Staff costs -€582
down €582 (-2.8%), from €21,051 to €20,469
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,521 | €27,021 | +€16,500 | +157% |
| Fixed assets | 21/28 | €2,483 | €4,209 | +€1,726 | +69.5% |
| Tangible fixed assets | 22/27 | €2,483 | €4,209 | +€1,726 | +69.5% |
| Land and buildings | 22 | €225 | €112 | -€112 | -50.0% |
| Plant, machinery and equipment | 23 | €328 | €1,635 | +€1,307 | +398% |
| Furniture and vehicles | 24 | €1,930 | €2,462 | +€532 | +27.6% |
| Current assets | 29/58 | €8,039 | €22,812 | +€14,774 | +184% |
| Stocks and contracts in progress | 3 | €4,386 | €6,236 | +€1,850 | +42.2% |
| Stocks | 30/36 | €4,386 | €6,236 | +€1,850 | +42.2% |
| Amounts receivable within one year | 40/41 | €3,652 | €4,192 | +€540 | +14.8% |
| Other amounts receivable | 41 | €3,652 | €4,192 | +€540 | +14.8% |
| Cash at bank and in hand | 54/58 | - | €5,087 | +€5,087 | |
| Deferred charges and accrued income | 490/1 | - | €7,297 | +€7,297 | |
| Total equity and liabilities | 10/49 | €10,521 | €27,021 | +€16,500 | +157% |
| Equity | 10/15 | -€58,594 | -€29,444 | +€29,150 | +49.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €71,002 | €71,002 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,149 | €1,149 | = | 0.0% |
| Distributable reserves | 133 | €69,853 | €69,853 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€148,196 | -€119,046 | +€29,150 | +19.7% |
| Amounts payable | 17/49 | €69,115 | €56,465 | -€12,650 | -18.3% |
| Amounts payable after more than one year | 17 | €8,500 | €0 | -€8,500 | -100% |
| Financial debts | 170/4 | - | €0 | = | |
| Other amounts payable | 178/9 | €8,500 | - | -€8,500 | |
| Amounts payable within one year | 42/48 | €59,578 | €56,465 | -€3,113 | -5.2% |
| Current portion of amounts payable after more than one year | 42 | - | €29,980 | +€29,980 | |
| Financial debts | 43 | €987 | €0 | -€987 | -100% |
| Credit institutions | 430/8 | €987 | €0 | -€987 | -100% |
| Trade debts | 44 | €26,438 | €12,925 | -€13,512 | -51.1% |
| Suppliers | 440/4 | €26,438 | €12,925 | -€13,512 | -51.1% |
| Taxes, remuneration and social security | 45 | €13,047 | €1,652 | -€11,395 | -87.3% |
| Taxes | 450/3 | €13,047 | €1,652 | -€11,395 | -87.3% |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Other amounts payable | 47/48 | €19,106 | €11,908 | -€7,198 | -37.7% |
| Accrued charges and deferred income | 492/3 | €1,037 | €0 | -€1,037 | -100% |
| Remuneration, social security and pensions | 62 | €21,051 | €20,469 | -€582 | -2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €617 | €1,073 | +€456 | +74.0% |
| Other operating charges | 640/8 | €4,355 | €1,344 | -€3,011 | -69.1% |
| Gross operating margin | 9900 | €16,069 | €50,530 | +€34,462 | +214% |
| Operating profit (loss) | 9901 | -€9,954 | €27,645 | +€37,599 | |
| Financial income | 75/76B | €26 | €5,070 | +€5,044 | +19,734% |
| Recurring financial income | 75 | €26 | €5,070 | +€5,044 | +19,734% |
| Financial charges | 65/66B | €684 | €3,565 | +€2,881 | +421% |
| Recurring financial charges | 65 | €684 | €3,565 | +€2,881 | +421% |
| Profit (loss) for the period before taxes | 9903 | -€10,613 | €29,150 | +€39,763 | |
| Profit (loss) for the period | 9904 | -€10,613 | €29,150 | +€39,763 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,613 | €29,150 | +€39,763 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.