Pan American: what changed
Two fiscal 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.
Pan American
Largest movements
- Receivables within one year -€5,395
down €5,395 (-100.0%), from €5,395 to €0
- Profit (loss) carried forward -€9,921
down €9,921 (-2.1%), from -€474,121 to -€484,042
- Trade debts +€4,755
up €4,755 (+1.4%), from €346,914 to €351,669
- Short-term financial debts -€268
down €268 (-0.6%), from €48,714 to €48,445
- Gross operating margin -€331
down €331 (-14.5%), from -€2,282 to -€2,613
- Financial charges +€194
up €194 (+2.8%), from €6,988 to €7,182
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.
Cash bridge derived
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,479 | €3,084 | -€5,395 | -63.6% |
| Fixed assets | 21/28 | €3,084 | €3,084 | = | 0.0% |
| Financial fixed assets | 28 | €3,084 | €3,084 | = | 0.0% |
| Current assets | 29/58 | €5,395 | €0 | -€5,395 | -100.0% |
| Amounts receivable within one year | 40/41 | €5,395 | €0 | -€5,395 | -100.0% |
| Trade receivables | 40 | €5,395 | €0 | -€5,395 | -100.0% |
| Total equity and liabilities | 10/49 | €8,479 | €3,084 | -€5,395 | -63.6% |
| Equity | 10/15 | -€392,316 | -€402,237 | -€9,921 | -2.5% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €7,437 | €7,437 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,437 | €7,437 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,437 | €7,437 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€474,121 | -€484,042 | -€9,921 | -2.1% |
| Amounts payable | 17/49 | €400,795 | €405,321 | +€4,526 | +1.1% |
| Amounts payable within one year | 42/48 | €399,305 | €403,792 | +€4,487 | +1.1% |
| Financial debts | 43 | €48,714 | €48,445 | -€268 | -0.6% |
| Credit institutions | 430/8 | €48,714 | €48,445 | -€268 | -0.6% |
| Trade debts | 44 | €346,914 | €351,669 | +€4,755 | +1.4% |
| Suppliers | 440/4 | €346,914 | €351,669 | +€4,755 | +1.4% |
| Other amounts payable | 47/48 | €3,678 | €3,678 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,489 | €1,529 | +€39 | +2.6% |
| Other operating charges | 640/8 | €115 | €126 | +€11 | +9.6% |
| Gross operating margin | 9900 | -€2,282 | -€2,613 | -€331 | -14.5% |
| Operating profit (loss) | 9901 | -€2,397 | -€2,739 | -€342 | -14.3% |
| Financial charges | 65/66B | €6,988 | €7,182 | +€194 | +2.8% |
| Recurring financial charges | 65 | €6,988 | €7,182 | +€194 | +2.8% |
| Profit (loss) for the period before taxes | 9903 | -€9,385 | -€9,921 | -€536 | -5.7% |
| Profit (loss) for the period | 9904 | -€9,385 | -€9,921 | -€536 | -5.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,385 | -€9,921 | -€536 | -5.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.