Panache 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.
Panache Consulting
Largest movements
- Cash +€16,755
up €16,755 (+42.9%), from €39,032 to €55,787
mainly Net result for the year (+€46,937) and Trade debts (+€6,698)
- Receivables within one year +€6,210
up €6,210 (+55.8%), from €11,130 to €17,339
of which Trade receivables: +€7,360
- Tangible fixed assets +€3,731
up €3,731 (+55.2%), from €6,755 to €10,485
of which Furniture and vehicles: +€4,374
- Reserves +€46,937
up €46,937 (+359%), from €13,056 to €59,993
- Other debts -€21,555
down €21,555 (-88.6%), from €24,341 to €2,786
- Trade debts +€6,698
up €6,698 (+515%), from €1,302 to €8,000
- Short-term financial debts -€5,300
no longer reported in 2025 (was €5,300)
- Gross operating margin +€29,277
up €29,277 (+72.2%), from €40,553 to €69,830
- Taxes +€6,139
up €6,139 (+78.4%), from €7,834 to €13,973
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 | €59,897 | €86,123 | +€26,227 | +43.8% |
| Fixed assets | 21/28 | €6,755 | €10,485 | +€3,731 | +55.2% |
| Tangible fixed assets | 22/27 | €6,755 | €10,485 | +€3,731 | +55.2% |
| Plant, machinery and equipment | 23 | €654 | €252 | -€401 | -61.4% |
| Furniture and vehicles | 24 | €5,197 | €9,571 | +€4,374 | +84.2% |
| Other tangible fixed assets | 26 | €904 | €662 | -€242 | -26.8% |
| Current assets | 29/58 | €53,142 | €75,638 | +€22,496 | +42.3% |
| Amounts receivable within one year | 40/41 | €11,130 | €17,339 | +€6,210 | +55.8% |
| Trade receivables | 40 | €9,952 | €17,312 | +€7,360 | +74.0% |
| Other amounts receivable | 41 | €1,177 | €27 | -€1,150 | -97.7% |
| Cash at bank and in hand | 54/58 | €39,032 | €55,787 | +€16,755 | +42.9% |
| Deferred charges and accrued income | 490/1 | €2,981 | €2,512 | -€469 | -15.7% |
| Total equity and liabilities | 10/49 | €59,897 | €86,123 | +€26,227 | +43.8% |
| Equity | 10/15 | €19,256 | €66,193 | +€46,937 | +244% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €13,056 | €59,993 | +€46,937 | +359% |
| Distributable reserves | 133 | €13,056 | €59,993 | +€46,937 | +359% |
| Amounts payable | 17/49 | €40,640 | €19,930 | -€20,710 | -51.0% |
| Amounts payable within one year | 42/48 | €40,640 | €19,930 | -€20,710 | -51.0% |
| Financial debts | 43 | €5,300 | - | -€5,300 | |
| Credit institutions | 430/8 | €5,300 | - | -€5,300 | |
| Trade debts | 44 | €1,302 | €8,000 | +€6,698 | +515% |
| Suppliers | 440/4 | €1,302 | €8,000 | +€6,698 | +515% |
| Taxes, remuneration and social security | 45 | €9,697 | €9,143 | -€554 | -5.7% |
| Taxes | 450/3 | €7,848 | €9,143 | +€1,295 | +16.5% |
| Remuneration and social security | 454/9 | €1,849 | - | -€1,849 | |
| Other amounts payable | 47/48 | €24,341 | €2,786 | -€21,555 | -88.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,330 | €5,389 | +€59 | +1.1% |
| Other operating charges | 640/8 | €821 | €855 | +€33 | +4.0% |
| Gross operating margin | 9900 | €40,553 | €69,830 | +€29,277 | +72.2% |
| Operating profit (loss) | 9901 | €34,402 | €63,586 | +€29,185 | +84.8% |
| Financial income | 75/76B | €0 | €5 | +€5 | +2,376% |
| Recurring financial income | 75 | €0 | €5 | +€5 | +2,376% |
| Financial charges | 65/66B | €2,172 | €2,682 | +€510 | +23.5% |
| Recurring financial charges | 65 | €2,172 | €2,682 | +€510 | +23.5% |
| Profit (loss) for the period before taxes | 9903 | €32,230 | €60,910 | +€28,680 | +89.0% |
| Income taxes | 67/77 | €7,834 | €13,973 | +€6,139 | +78.4% |
| Profit (loss) for the period | 9904 | €24,396 | €46,937 | +€22,541 | +92.4% |
| Profit (loss) for the period to be appropriated | 9905 | €24,396 | €46,937 | +€22,541 | +92.4% |
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.