Panarea: 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.
Panarea
Largest movements
- Tangible fixed assets -€18,017
down €18,017 (-4.4%), from €410,666 to €392,648
of which Plant, machinery and equipment: -€22,095
- Reserves -€14,617
down €14,617 (-6.3%), from €230,907 to €216,290
- Debts after one year -€13,866
down €13,866 (-11.3%), from €122,669 to €108,803
- Other debts +€6,224
up €6,224 (+12.5%), from €49,980 to €56,204
- Gross operating margin -€3,911
down €3,911 (-11.4%), from €34,355 to €30,444
- Depreciation +€3,055
up €3,055 (+8.3%), from €36,651 to €39,706
- Other operating charges +€962
up €962 (+106.1%), from €907 to €1,869
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 | €429,011 | €412,611 | -€16,400 | -3.8% |
| Fixed assets | 21/28 | €411,299 | €393,282 | -€18,017 | -4.4% |
| Tangible fixed assets | 22/27 | €410,666 | €392,648 | -€18,017 | -4.4% |
| Land and buildings | 22 | €308,980 | €295,425 | -€13,555 | -4.4% |
| Plant, machinery and equipment | 23 | €101,017 | €78,922 | -€22,095 | -21.9% |
| Furniture and vehicles | 24 | €669 | €18,302 | +€17,633 | +2634.3% |
| Financial fixed assets | 28 | €633 | €633 | = | 0.0% |
| Current assets | 29/58 | €17,712 | €19,329 | +€1,617 | +9.1% |
| Cash at bank and in hand | 54/58 | €15,875 | €15,685 | -€190 | -1.2% |
| Deferred charges and accrued income | 490/1 | €1,837 | €3,644 | +€1,808 | +98.4% |
| Total equity and liabilities | 10/49 | €429,011 | €412,611 | -€16,400 | -3.8% |
| Equity | 10/15 | €237,107 | €222,490 | -€14,617 | -6.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €230,907 | €216,290 | -€14,617 | -6.3% |
| Distributable reserves | 133 | €230,907 | €216,290 | -€14,617 | -6.3% |
| Amounts payable | 17/49 | €191,904 | €190,121 | -€1,782 | -0.9% |
| Amounts payable after more than one year | 17 | €122,669 | €108,803 | -€13,866 | -11.3% |
| Financial debts | 170/4 | €122,669 | €108,803 | -€13,866 | -11.3% |
| Amounts payable within one year | 42/48 | €68,766 | €79,507 | +€10,741 | +15.6% |
| Current portion of amounts payable after more than one year | 42 | €13,559 | €14,559 | +€999 | +7.4% |
| Trade debts | 44 | €685 | €1,386 | +€701 | +102.5% |
| Suppliers | 440/4 | €685 | €1,386 | +€701 | +102.5% |
| Taxes, remuneration and social security | 45 | €4,542 | €7,359 | +€2,816 | +62.0% |
| Taxes | 450/3 | €4,542 | €7,359 | +€2,816 | +62.0% |
| Other amounts payable | 47/48 | €49,980 | €56,204 | +€6,224 | +12.5% |
| Accrued charges and deferred income | 492/3 | €468 | €1,811 | +€1,343 | +286.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,651 | €39,706 | +€3,055 | +8.3% |
| Other operating charges | 640/8 | €907 | €1,869 | +€962 | +106.1% |
| Gross operating margin | 9900 | €34,355 | €30,444 | -€3,911 | -11.4% |
| Operating profit (loss) | 9901 | -€3,203 | -€11,131 | -€7,928 | -247.5% |
| Financial income | 75/76B | €0 | €0 | +€0 | +475.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +475.0% |
| Financial charges | 65/66B | €3,374 | €3,329 | -€45 | -1.3% |
| Recurring financial charges | 65 | €3,374 | €3,329 | -€45 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | -€6,577 | -€14,460 | -€7,883 | -119.9% |
| Income taxes | 67/77 | €0 | €158 | +€158 | +525933.3% |
| Profit (loss) for the period | 9904 | -€6,577 | -€14,617 | -€8,040 | -122.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,577 | -€14,617 | -€8,040 | -122.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.