PAN ANIMA: 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.
PAN ANIMA
Largest movements
- Tangible fixed assets -€38,946
down €38,946 (-13.8%), from €282,292 to €243,346
of which Plant, machinery and equipment: -€23,913
- Receivables within one year +€9,199
up €9,199 (+28.7%), from €32,014 to €41,213
of which Trade receivables: +€8,261
- Debts after one year -€46,241
down €46,241 (-15.1%), from €306,654 to €260,413
of which Financial debts: -€47,334
- Tax, wage and social debts +€4,899
up €4,899 (+23.3%), from €21,019 to €25,918
of which Remuneration and social security: +€4,638
- Trade debts +€4,108
up €4,108 (+67.0%), from €6,131 to €10,240
- Profit (loss) carried forward +€3,795
up €3,795 (+5.2%), from -€73,247 to -€69,452
- Gross operating margin +€60,173
up €60,173 (+53.2%), from €113,040 to €173,213
- Staff costs +€34,738
up €34,738 (+42.4%), from €81,977 to €116,715
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 | €327,650 | €294,544 | -€33,106 | -10.1% |
| Fixed assets | 21/28 | €282,292 | €243,346 | -€38,946 | -13.8% |
| Tangible fixed assets | 22/27 | €282,292 | €243,346 | -€38,946 | -13.8% |
| Plant, machinery and equipment | 23 | €183,631 | €159,718 | -€23,913 | -13.0% |
| Furniture and vehicles | 24 | €42,365 | €30,295 | -€12,070 | -28.5% |
| Leasing and similar rights | 25 | €56,296 | €53,333 | -€2,963 | -5.3% |
| Current assets | 29/58 | €45,358 | €51,198 | +€5,840 | +12.9% |
| Stocks and contracts in progress | 3 | €2,781 | €1,773 | -€1,008 | -36.3% |
| Stocks | 30/36 | €2,781 | €1,773 | -€1,008 | -36.3% |
| Amounts receivable within one year | 40/41 | €32,014 | €41,213 | +€9,199 | +28.7% |
| Trade receivables | 40 | €30,429 | €38,689 | +€8,261 | +27.1% |
| Other amounts receivable | 41 | €1,585 | €2,524 | +€938 | +59.2% |
| Current investments | 50/53 | - | €875 | +€875 | |
| Cash at bank and in hand | 54/58 | €10,562 | €7,337 | -€3,225 | -30.5% |
| Total equity and liabilities | 10/49 | €327,650 | €294,544 | -€33,106 | -10.1% |
| Equity | 10/15 | -€53,247 | -€49,452 | +€3,795 | +7.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€73,247 | -€69,452 | +€3,795 | +5.2% |
| Amounts payable | 17/49 | €380,896 | €343,996 | -€36,901 | -9.7% |
| Amounts payable after more than one year | 17 | €306,654 | €260,413 | -€46,241 | -15.1% |
| Financial debts | 170/4 | €245,237 | €197,903 | -€47,334 | -19.3% |
| Other amounts payable | 178/9 | €61,417 | €62,511 | +€1,093 | +1.8% |
| Amounts payable within one year | 42/48 | €74,242 | €83,582 | +€9,340 | +12.6% |
| Current portion of amounts payable after more than one year | 42 | €46,200 | €47,334 | +€1,134 | +2.5% |
| Financial debts | 43 | €891 | €90 | -€801 | -89.9% |
| Credit institutions | 430/8 | €891 | €90 | -€801 | -89.9% |
| Trade debts | 44 | €6,131 | €10,240 | +€4,108 | +67.0% |
| Suppliers | 440/4 | €6,131 | €10,240 | +€4,108 | +67.0% |
| Taxes, remuneration and social security | 45 | €21,019 | €25,918 | +€4,899 | +23.3% |
| Taxes | 450/3 | €1,287 | €1,548 | +€261 | +20.3% |
| Remuneration and social security | 454/9 | €19,732 | €24,370 | +€4,638 | +23.5% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €81,977 | €116,715 | +€34,738 | +42.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,946 | €38,946 | -€0 | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €734 | €0 | -€734 | -100% |
| Other operating charges | 640/8 | €1,792 | €1,805 | +€13 | +0.7% |
| Gross operating margin | 9900 | €113,040 | €173,213 | +€60,173 | +53.2% |
| Operating profit (loss) | 9901 | -€10,409 | €15,746 | +€26,155 | |
| Financial income | 75/76B | €23 | €35 | +€11 | +49.2% |
| Recurring financial income | 75 | €23 | €35 | +€11 | +49.2% |
| Financial charges | 65/66B | €11,394 | €11,138 | -€256 | -2.2% |
| Recurring financial charges | 65 | €11,394 | €11,138 | -€256 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | -€21,780 | €4,643 | +€26,423 | |
| Income taxes | 67/77 | €872 | €848 | -€24 | -2.8% |
| Profit (loss) for the period | 9904 | -€22,652 | €3,795 | +€26,447 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,652 | €3,795 | +€26,447 |
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 22 October 2026 via checked.be.