PANACHE DIFFUSION: 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.
PANACHE DIFFUSION
Largest movements
- Cash -€21,198
down €21,198 (-38.5%), from €55,048 to €33,849
mainly Net result for the year (-€58,196) and Tax, wage and social debts (-€7,877)
- Receivables within one year -€5,384
down €5,384 (-31.5%), from €17,107 to €11,723
of which Other amounts receivable: -€9,625
- Profit (loss) carried forward -€58,196
down €58,196 (-8.2%), from -€707,640 to -€765,836
- Other debts +€35,000
up €35,000 (+23.3%), from €150,000 to €185,000
- Tax, wage and social debts -€7,877
down €7,877 (-65.0%), from €12,116 to €4,239
of which Remuneration and social security: -€7,403
- Trade debts +€5,404
up €5,404 (+55.4%), from €9,762 to €15,166
- Staff costs -€12,809
down €12,809 (-17.1%), from €74,945 to €62,135
- Gross operating margin +€8,163
up €8,163, from -€3,268 to €4,895
- Financial income -€107
down €107 (-100.0%), from €107 to €0
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.
Cash bridge derived
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 | €72,285 | €46,070 | -€26,215 | -36.3% |
| Fixed assets | 21/28 | €130 | €130 | = | 0.0% |
| Financial fixed assets | 28 | €130 | €130 | = | 0.0% |
| Current assets | 29/58 | €72,155 | €45,940 | -€26,215 | -36.3% |
| Amounts receivable within one year | 40/41 | €17,107 | €11,723 | -€5,384 | -31.5% |
| Trade receivables | 40 | €5,558 | €9,800 | +€4,242 | +76.3% |
| Other amounts receivable | 41 | €11,549 | €1,923 | -€9,625 | -83.3% |
| Cash at bank and in hand | 54/58 | €55,048 | €33,849 | -€21,198 | -38.5% |
| Deferred charges and accrued income | 490/1 | - | €367 | +€367 | |
| Total equity and liabilities | 10/49 | €72,285 | €46,070 | -€26,215 | -36.3% |
| Equity | 10/15 | -€645,140 | -€703,336 | -€58,196 | -9.0% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€707,640 | -€765,836 | -€58,196 | -8.2% |
| Amounts payable | 17/49 | €717,424 | €749,405 | +€31,981 | +4.5% |
| Amounts payable after more than one year | 17 | €545,000 | €545,000 | = | 0.0% |
| Financial debts | 170/4 | €545,000 | €545,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €172,424 | €204,405 | +€31,981 | +18.5% |
| Financial debts | 43 | €546 | - | -€546 | |
| Credit institutions | 430/8 | €546 | - | -€546 | |
| Trade debts | 44 | €9,762 | €15,166 | +€5,404 | +55.4% |
| Suppliers | 440/4 | €9,762 | €15,166 | +€5,404 | +55.4% |
| Taxes, remuneration and social security | 45 | €12,116 | €4,239 | -€7,877 | -65.0% |
| Taxes | 450/3 | €474 | - | -€474 | |
| Remuneration and social security | 454/9 | €11,642 | €4,239 | -€7,403 | -63.6% |
| Other amounts payable | 47/48 | €150,000 | €185,000 | +€35,000 | +23.3% |
| Remuneration, social security and pensions | 62 | €74,945 | €62,135 | -€12,809 | -17.1% |
| Other operating charges | 640/8 | €384 | €387 | +€3 | +0.8% |
| Gross operating margin | 9900 | -€3,268 | €4,895 | +€8,163 | |
| Operating profit (loss) | 9901 | -€78,597 | -€57,628 | +€20,969 | +26.7% |
| Financial income | 75/76B | €107 | €0 | -€107 | -100.0% |
| Recurring financial income | 75 | €107 | €0 | -€107 | -100.0% |
| Financial charges | 65/66B | €555 | €568 | +€13 | +2.3% |
| Recurring financial charges | 65 | €555 | €568 | +€13 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | -€79,045 | -€58,196 | +€20,849 | +26.4% |
| Profit (loss) for the period | 9904 | -€79,045 | -€58,196 | +€20,849 | +26.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€79,045 | -€58,196 | +€20,849 | +26.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.