PAND 55: what changed
What changed
PAND 55
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
-€27,917
2024 · -€34,717+€6,800
Equity
€3,568
2024 · €31,484-€27,917
Cash
€5,538
2024 · €5,484+€54
Balance sheet total
€900,887
2024 · €918,078-€17,191
Largest movements
Assets
- Tangible fixed assets -€19,546
down €19,546 (-2.1%), from €912,594 to €893,048
Equity and liabilities
- Other debts +€49,648
up €49,648 (+12.6%), from €392,906 to €442,554
- Debts after one year -€34,894
down €34,894 (-7.9%), from €441,644 to €406,750
- Profit (loss) carried forward -€27,917
down €27,917 (-23.2%), from -€120,517 to -€148,433
Income statement
- Gross operating margin +€7,047
up €7,047 (+47.6%), from €14,794 to €21,841
- Depreciation +€2,458
up €2,458 (+6.4%), from €38,452 to €40,909
- Other operating charges -€1,619
down €1,619 (-55.4%), from €2,922 to €1,303
- Financial charges -€592
down €592 (-7.3%), from €8,137 to €7,545
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€34,717
Gross operating margin
+€7,047
Depreciation
-€2,458
Other operating charges
+€1,619
Financial charges
+€592
Result 2025
-€27,917
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€55,763
Investment
-€21,364
Financing
-€34,346
Cash 2024
€5,484
From operations (derived)
+€55,763
Net result for the year
-€27,917
Depreciation
+€40,909
Receivables within one year
-€2,173
Deferred charges and accrued income
-€128
Trade debts
+€244
Tax, wage and social debts
-€1,493
Advances received
-€3,328
Other debts
+€49,648
Investment (derived)
-€21,364
Investment in fixed assets (net)
-€21,364
Financing
-€34,346
Debts after one year
-€34,894
Current portion of long-term debt
+€548
Cash 2025
€5,538
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €918,078 | €900,887 | -€17,191 | -1.9% |
| Fixed assets | 21/28 | €912,594 | €893,048 | -€19,546 | -2.1% |
| Tangible fixed assets | 22/27 | €912,594 | €893,048 | -€19,546 | -2.1% |
| Land and buildings | 22 | €912,594 | €893,048 | -€19,546 | -2.1% |
| Current assets | 29/58 | €5,484 | €7,839 | +€2,354 | +42.9% |
| Amounts receivable within one year | 40/41 | - | €2,173 | +€2,173 | |
| Trade receivables | 40 | - | €2,173 | +€2,173 | |
| Cash at bank and in hand | 54/58 | €5,484 | €5,538 | +€54 | +1.0% |
| Deferred charges and accrued income | 490/1 | - | €128 | +€128 | |
| Total equity and liabilities | 10/49 | €918,078 | €900,887 | -€17,191 | -1.9% |
| Equity | 10/15 | €31,484 | €3,568 | -€27,917 | -88.7% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €2,001 | €2,001 | = | 0.0% |
| Distributable reserves | 133 | €2,001 | €2,001 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€120,517 | -€148,433 | -€27,917 | -23.2% |
| Amounts payable | 17/49 | €886,594 | €897,319 | +€10,725 | +1.2% |
| Amounts payable after more than one year | 17 | €441,644 | €406,750 | -€34,894 | -7.9% |
| Financial debts | 170/4 | €441,644 | €406,750 | -€34,894 | -7.9% |
| Amounts payable within one year | 42/48 | €444,950 | €490,569 | +€45,619 | +10.3% |
| Current portion of amounts payable after more than one year | 42 | €34,346 | €34,894 | +€548 | +1.6% |
| Trade debts | 44 | €12,163 | €12,407 | +€244 | +2.0% |
| Suppliers | 440/4 | €12,163 | €12,407 | +€244 | +2.0% |
| Advances received on contracts in progress | 46 | €3,328 | €0 | -€3,328 | -100% |
| Taxes, remuneration and social security | 45 | €2,208 | €715 | -€1,493 | -67.6% |
| Taxes | 450/3 | €2,208 | €715 | -€1,493 | -67.6% |
| Other amounts payable | 47/48 | €392,906 | €442,554 | +€49,648 | +12.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,452 | €40,909 | +€2,458 | +6.4% |
| Other operating charges | 640/8 | €2,922 | €1,303 | -€1,619 | -55.4% |
| Gross operating margin | 9900 | €14,794 | €21,841 | +€7,047 | +47.6% |
| Operating profit (loss) | 9901 | -€26,580 | -€20,372 | +€6,208 | +23.4% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €8,137 | €7,545 | -€592 | -7.3% |
| Recurring financial charges | 65 | €8,137 | €7,545 | -€592 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | -€34,717 | -€27,917 | +€6,800 | +19.6% |
| Profit (loss) for the period | 9904 | -€34,717 | -€27,917 | +€6,800 | +19.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,717 | -€27,917 | +€6,800 | +19.6% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.