PANAESTHETIK: 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.
PANAESTHETIK
Largest movements
- Receivables within one year -€30,999
down €30,999 (-31.0%), from €100,125 to €69,126
of which Other amounts receivable: -€41,399
- Profit (loss) carried forward -€57,919
no longer reported in 2025 (was €57,919)
- Tax, wage and social debts +€16,624
up €16,624 (+51.6%), from €32,206 to €48,830
- Short-term financial debts +€16,042
up €16,042 (+121%), from €13,205 to €29,247
- Trade debts -€7,377
down €7,377 (-29.0%), from €25,467 to €18,090
- Current portion of long-term debt +€1,519
new in 2025: €1,519
- Gross operating margin -€13,753
down €13,753 (-38.1%), from €36,132 to €22,379
- Taxes -€5,318
down €5,318 (-48.5%), from €10,957 to €5,639
- Financial charges -€1,707
down €1,707 (-27.3%), from €6,253 to €4,545
- Depreciation -€999
down €999 (-35.7%), from €2,796 to €1,796
- Other operating charges +€707
up €707 (+68.6%), from €1,031 to €1,738
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 | €131,797 | €100,686 | -€31,112 | -23.6% |
| Fixed assets | 21/28 | €31,573 | €31,424 | -€148 | -0.5% |
| Intangible fixed assets | 21 | €28,450 | €28,450 | = | 0.0% |
| Tangible fixed assets | 22/27 | €3,123 | €2,974 | -€148 | -4.8% |
| Plant, machinery and equipment | 23 | - | €1,434 | +€1,434 | |
| Furniture and vehicles | 24 | €3,123 | €1,540 | -€1,583 | -50.7% |
| Current assets | 29/58 | €100,225 | €69,261 | -€30,964 | -30.9% |
| Amounts receivable within one year | 40/41 | €100,125 | €69,126 | -€30,999 | -31.0% |
| Trade receivables | 40 | €27,875 | €38,275 | +€10,399 | +37.3% |
| Other amounts receivable | 41 | €72,250 | €30,851 | -€41,399 | -57.3% |
| Cash at bank and in hand | 54/58 | €100 | €135 | +€36 | +35.9% |
| Total equity and liabilities | 10/49 | €131,797 | €100,686 | -€31,112 | -23.6% |
| Equity | 10/15 | €60,919 | €3,000 | -€57,919 | -95.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,919 | - | -€57,919 | |
| Amounts payable | 17/49 | €70,879 | €97,686 | +€26,807 | +37.8% |
| Amounts payable within one year | 42/48 | €70,879 | €97,686 | +€26,807 | +37.8% |
| Current portion of amounts payable after more than one year | 42 | - | €1,519 | +€1,519 | |
| Financial debts | 43 | €13,205 | €29,247 | +€16,042 | +121% |
| Credit institutions | 430/8 | €13,205 | €29,247 | +€16,042 | +121% |
| Trade debts | 44 | €25,467 | €18,090 | -€7,377 | -29.0% |
| Suppliers | 440/4 | €25,467 | €18,090 | -€7,377 | -29.0% |
| Taxes, remuneration and social security | 45 | €32,206 | €48,830 | +€16,624 | +51.6% |
| Taxes | 450/3 | €32,206 | €48,830 | +€16,624 | +51.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,796 | €1,796 | -€999 | -35.7% |
| Other operating charges | 640/8 | €1,031 | €1,738 | +€707 | +68.6% |
| Gross operating margin | 9900 | €36,132 | €22,379 | -€13,753 | -38.1% |
| Operating profit (loss) | 9901 | €32,306 | €18,845 | -€13,461 | -41.7% |
| Financial charges | 65/66B | €6,253 | €4,545 | -€1,707 | -27.3% |
| Recurring financial charges | 65 | €6,253 | €4,545 | -€1,707 | -27.3% |
| Profit (loss) for the period before taxes | 9903 | €26,053 | €14,300 | -€11,753 | -45.1% |
| Income taxes | 67/77 | €10,957 | €5,639 | -€5,318 | -48.5% |
| Profit (loss) for the period | 9904 | €15,096 | €8,661 | -€6,435 | -42.6% |
| Profit (loss) for the period to be appropriated | 9905 | €15,096 | €8,661 | -€6,435 | -42.6% |
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 25 October 2026 via checked.be.