PANABEST: what changed
PANABEST
Largest movements
- Financial fixed assets +€201,000
up €201,000 (+2,680%), from €7,500 to €208,500
- Receivables within one year -€199,567
down €199,567 (-81.5%), from €244,999 to €45,431
of which Other amounts receivable: -€222,981
- Cash -€23,041
down €23,041 (-99.1%), from €23,254 to €213
mainly Investment in fixed assets (net) (-€203,761) and Net result for the year (-€47,136)
- Reserves -€47,136
down €47,136 (-20.2%), from €232,830 to €185,695
of which Distributable reserves: -€47,136
- Other debts +€32,036
up €32,036 (+2,043%), from €1,568 to €33,604
- Tax, wage and social debts -€10,943
down €10,943 (-51.4%), from €21,274 to €10,331
of which Taxes: -€5,680
- Gross operating margin -€206,555
down €206,555, from €170,955 to -€35,600
- Taxes -€36,837
down €36,837 (-99.1%), from €37,161 to €324
- Financial income -€3,855
no longer reported in 2025 (was €3,855)
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 | €278,033 | €255,767 | -€22,266 | -8.0% |
| Fixed assets | 21/28 | €9,780 | €210,122 | +€200,342 | +2,048% |
| Tangible fixed assets | 22/27 | €2,280 | €1,622 | -€658 | -28.9% |
| Furniture and vehicles | 24 | €2,280 | €1,622 | -€658 | -28.9% |
| Financial fixed assets | 28 | €7,500 | €208,500 | +€201,000 | +2,680% |
| Current assets | 29/58 | €268,252 | €45,645 | -€222,608 | -83.0% |
| Amounts receivable within one year | 40/41 | €244,999 | €45,431 | -€199,567 | -81.5% |
| Trade receivables | 40 | - | €23,414 | +€23,414 | |
| Other amounts receivable | 41 | €244,999 | €22,018 | -€222,981 | -91.0% |
| Cash at bank and in hand | 54/58 | €23,254 | €213 | -€23,041 | -99.1% |
| Total equity and liabilities | 10/49 | €278,033 | €255,767 | -€22,266 | -8.0% |
| Equity | 10/15 | €254,830 | €207,695 | -€47,136 | -18.5% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Reserves | 13 | €232,830 | €185,695 | -€47,136 | -20.2% |
| Non-distributable reserves | 130/1 | €500 | €500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €500 | €500 | = | 0.0% |
| Distributable reserves | 133 | €232,330 | €185,195 | -€47,136 | -20.3% |
| Amounts payable | 17/49 | €23,203 | €48,072 | +€24,869 | +107% |
| Amounts payable within one year | 42/48 | €23,203 | €46,504 | +€23,301 | +100% |
| Trade debts | 44 | €361 | €2,569 | +€2,208 | +612% |
| Suppliers | 440/4 | €361 | €2,569 | +€2,208 | +612% |
| Taxes, remuneration and social security | 45 | €21,274 | €10,331 | -€10,943 | -51.4% |
| Taxes | 450/3 | €16,011 | €10,331 | -€5,680 | -35.5% |
| Remuneration and social security | 454/9 | €5,263 | - | -€5,263 | |
| Other amounts payable | 47/48 | €1,568 | €33,604 | +€32,036 | +2,043% |
| Accrued charges and deferred income | 492/3 | - | €1,568 | +€1,568 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,795 | €3,419 | +€624 | +22.3% |
| Other operating charges | 640/8 | €6,743 | €7,186 | +€443 | +6.6% |
| Gross operating margin | 9900 | €170,955 | -€35,600 | -€206,555 | |
| Operating profit (loss) | 9901 | €161,417 | -€46,205 | -€207,622 | |
| Financial income | 75/76B | €3,855 | - | -€3,855 | |
| Recurring financial income | 75 | €3,855 | - | -€3,855 | |
| Financial charges | 65/66B | €296 | €606 | +€310 | +105% |
| Recurring financial charges | 65 | €296 | €606 | +€310 | +105% |
| Profit (loss) for the period before taxes | 9903 | €164,976 | -€46,811 | -€211,787 | |
| Income taxes | 67/77 | €37,161 | €324 | -€36,837 | -99.1% |
| Profit (loss) for the period | 9904 | €127,815 | -€47,136 | -€174,950 | |
| Profit (loss) for the period to be appropriated | 9905 | €127,815 | -€47,136 | -€174,950 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.