PAND: 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.
PAND
Largest movements
- Cash -€8,892
down €8,892 (-96.1%), from €9,255 to €363
mainly Net result for the year (-€11,055) and Debts after one year (-€10,714)
- Tangible fixed assets -€7,000
down €7,000 (-2.6%), from €269,752 to €262,753
of which Land and buildings: -€7,000
- Profit (loss) carried forward -€11,055
down €11,055 (-35.3%), from €31,315 to €20,260
- Debts after one year -€10,714
down €10,714 (-6.9%), from €154,464 to €143,750
- Short-term financial debts +€4,500
new in 2024: €4,500
- Gross operating margin -€43,338
down €43,338 (-90.8%), from €47,719 to €4,380
- Financial charges -€33,695
down €33,695 (-80.2%), from €42,013 to €8,318
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €302,610 | €287,939 | -€14,671 | -4.8% |
| Fixed assets | 21/28 | €269,752 | €262,753 | -€7,000 | -2.6% |
| Tangible fixed assets | 22/27 | €269,752 | €262,753 | -€7,000 | -2.6% |
| Land and buildings | 22 | €258,752 | €251,753 | -€7,000 | -2.7% |
| Other tangible fixed assets | 26 | €11,000 | €11,000 | = | 0.0% |
| Current assets | 29/58 | €32,857 | €25,186 | -€7,672 | -23.3% |
| Amounts receivable within one year | 40/41 | €23,602 | €24,822 | +€1,220 | +5.2% |
| Trade receivables | 40 | €22,024 | €23,244 | +€1,220 | +5.5% |
| Other amounts receivable | 41 | €1,578 | €1,578 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €9,255 | €363 | -€8,892 | -96.1% |
| Total equity and liabilities | 10/49 | €302,610 | €287,939 | -€14,671 | -4.8% |
| Equity | 10/15 | €51,775 | €40,720 | -€11,055 | -21.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €31,315 | €20,260 | -€11,055 | -35.3% |
| Amounts payable | 17/49 | €250,835 | €247,219 | -€3,616 | -1.4% |
| Amounts payable after more than one year | 17 | €154,464 | €143,750 | -€10,714 | -6.9% |
| Financial debts | 170/4 | €154,464 | €143,750 | -€10,714 | -6.9% |
| Amounts payable within one year | 42/48 | €96,371 | €103,469 | +€7,098 | +7.4% |
| Current portion of amounts payable after more than one year | 42 | €10,714 | €11,607 | +€893 | +8.3% |
| Financial debts | 43 | - | €4,500 | +€4,500 | |
| Other loans | 439 | - | €4,500 | +€4,500 | |
| Trade debts | 44 | €70,856 | €73,680 | +€2,825 | +4.0% |
| Suppliers | 440/4 | €70,856 | €73,680 | +€2,825 | +4.0% |
| Taxes, remuneration and social security | 45 | €458 | €553 | +€95 | +20.8% |
| Taxes | 450/3 | €458 | €553 | +€95 | +20.8% |
| Other amounts payable | 47/48 | €14,343 | €13,128 | -€1,214 | -8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,000 | €7,000 | = | 0.0% |
| Other operating charges | 640/8 | €109 | €119 | +€9 | +8.5% |
| Gross operating margin | 9900 | €47,719 | €4,380 | -€43,338 | -90.8% |
| Operating profit (loss) | 9901 | €40,610 | -€2,738 | -€43,348 | |
| Financial income | 75/76B | €182 | - | -€182 | |
| Recurring financial income | 75 | €182 | - | -€182 | |
| Financial charges | 65/66B | €42,013 | €8,318 | -€33,695 | -80.2% |
| Recurring financial charges | 65 | €42,013 | €8,318 | -€33,695 | -80.2% |
| Profit (loss) for the period before taxes | 9903 | -€1,221 | -€11,055 | -€9,835 | -805.6% |
| Profit (loss) for the period | 9904 | -€1,221 | -€11,055 | -€9,835 | -805.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,221 | -€11,055 | -€9,835 | -805.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.