PANACEA CONSULTING: 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.
PANACEA CONSULTING
Largest movements
- Current investments -€142,000
down €142,000 (-93.4%), from €152,000 to €10,000
- Cash +€124,853
up €124,853 (+302%), from €41,351 to €166,204
mainly Current investments (+€142,000) and Net result for the year (+€4,692)
- Receivables within one year +€24,941
up €24,941 (+412%), from €6,050 to €30,991
of which Trade receivables: +€24,200
- Reserves +€4,692
up €4,692 (+2.8%), from €165,940 to €170,633
- Financial income -€4,190
down €4,190 (-83.7%), from €5,009 to €819
- Taxes -€1,471
down €1,471 (-44.6%), from €3,296 to €1,825
- Other operating charges +€329
up €329 (+25.0%), from €1,317 to €1,646
- Gross operating margin -€303
down €303 (-3.4%), from €8,894 to €8,592
- Depreciation -€185
down €185 (-41.9%), from €440 to €256
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 | €201,846 | €208,683 | +€6,838 | +3.4% |
| Fixed assets | 21/28 | €256 | €0 | -€256 | -100% |
| Tangible fixed assets | 22/27 | €256 | €0 | -€256 | -100% |
| Furniture and vehicles | 24 | €256 | €0 | -€256 | -100% |
| Current assets | 29/58 | €201,590 | €208,683 | +€7,093 | +3.5% |
| Amounts receivable within one year | 40/41 | €6,050 | €30,991 | +€24,941 | +412% |
| Trade receivables | 40 | €6,050 | €30,250 | +€24,200 | +400% |
| Other amounts receivable | 41 | €0 | €741 | +€741 | |
| Current investments | 50/53 | €152,000 | €10,000 | -€142,000 | -93.4% |
| Cash at bank and in hand | 54/58 | €41,351 | €166,204 | +€124,853 | +302% |
| Deferred charges and accrued income | 490/1 | €2,189 | €1,489 | -€700 | -32.0% |
| Total equity and liabilities | 10/49 | €201,846 | €208,683 | +€6,838 | +3.4% |
| Equity | 10/15 | €185,954 | €190,646 | +€4,692 | +2.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €165,940 | €170,633 | +€4,692 | +2.8% |
| Distributable reserves | 133 | €165,940 | €170,633 | +€4,692 | +2.8% |
| Profit (loss) carried forward | 14 | €7,613 | €7,613 | = | 0.0% |
| Amounts payable | 17/49 | €15,892 | €18,037 | +€2,145 | +13.5% |
| Amounts payable within one year | 42/48 | €14,797 | €16,988 | +€2,191 | +14.8% |
| Trade debts | 44 | €459 | €967 | +€508 | +111% |
| Suppliers | 440/4 | €459 | €967 | +€508 | +111% |
| Taxes, remuneration and social security | 45 | €1,384 | €2,350 | +€966 | +69.8% |
| Taxes | 450/3 | €1,384 | €2,350 | +€966 | +69.8% |
| Other amounts payable | 47/48 | €12,954 | €13,671 | +€717 | +5.5% |
| Accrued charges and deferred income | 492/3 | €1,095 | €1,050 | -€45 | -4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €440 | €256 | -€185 | -41.9% |
| Other operating charges | 640/8 | €1,317 | €1,646 | +€329 | +25.0% |
| Gross operating margin | 9900 | €8,894 | €8,592 | -€303 | -3.4% |
| Operating profit (loss) | 9901 | €7,137 | €6,690 | -€447 | -6.3% |
| Financial income | 75/76B | €5,009 | €819 | -€4,190 | -83.7% |
| Recurring financial income | 75 | €5,009 | €819 | -€4,190 | -83.7% |
| Financial charges | 65/66B | €1,177 | €993 | -€185 | -15.7% |
| Recurring financial charges | 65 | €1,177 | €993 | -€185 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | €10,969 | €6,517 | -€4,453 | -40.6% |
| Income taxes | 67/77 | €3,296 | €1,825 | -€1,471 | -44.6% |
| Profit (loss) for the period | 9904 | €7,673 | €4,692 | -€2,981 | -38.9% |
| Profit (loss) for the period to be appropriated | 9905 | €7,673 | €4,692 | -€2,981 | -38.9% |
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 24 October 2026 via checked.be.