Pand22: 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.
Pand22
Largest movements
- Receivables within one year +€48,950
up €48,950 (+656.2%), from €7,460 to €56,409
of which Trade receivables: +€39,933
- Financial fixed assets +€21,700
new in 2025: €21,700
- Cash -€3,199
down €3,199 (-14.8%), from €21,550 to €18,351
mainly Receivables within one year (-€48,950) and Investment in fixed assets (net) (-€21,700)
- Profit (loss) carried forward +€35,630
up €35,630 (+298.9%), from €11,922 to €47,552
- Trade debts +€21,714
up €21,714 (+3036.8%), from €715 to €22,429
- Tax, wage and social debts +€10,420
up €10,420 (+163.5%), from €6,373 to €16,793
- Gross operating margin +€36,017
up €36,017 (+220.6%), from €16,324 to €52,340
- Taxes +€7,558
up €7,558 (+259.6%), from €2,911 to €10,468
- Staff costs +€4,981
new in 2025: €4,981
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 | €29,010 | €96,774 | +€67,764 | +233.6% |
| Fixed assets | 21/28 | - | €21,700 | +€21,700 | |
| Financial fixed assets | 28 | - | €21,700 | +€21,700 | |
| Current assets | 29/58 | €29,010 | €75,074 | +€46,064 | +158.8% |
| Amounts receivable within one year | 40/41 | €7,460 | €56,409 | +€48,950 | +656.2% |
| Trade receivables | 40 | €5,637 | €45,569 | +€39,933 | +708.5% |
| Other amounts receivable | 41 | €1,823 | €10,840 | +€9,017 | +494.6% |
| Cash at bank and in hand | 54/58 | €21,550 | €18,351 | -€3,199 | -14.8% |
| Deferred charges and accrued income | 490/1 | - | €313 | +€313 | |
| Total equity and liabilities | 10/49 | €29,010 | €96,774 | +€67,764 | +233.6% |
| Equity | 10/15 | €21,922 | €57,552 | +€35,630 | +162.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Outside capital | 11 | €10,000 | - | -€10,000 | |
| Other | 1109/19 | €10,000 | - | -€10,000 | |
| Profit (loss) carried forward | 14 | €11,922 | €47,552 | +€35,630 | +298.9% |
| Amounts payable | 17/49 | €7,088 | €39,222 | +€32,134 | +453.3% |
| Amounts payable within one year | 42/48 | €7,088 | €39,222 | +€32,134 | +453.3% |
| Trade debts | 44 | €715 | €22,429 | +€21,714 | +3036.8% |
| Suppliers | 440/4 | €715 | €22,429 | +€21,714 | +3036.8% |
| Taxes, remuneration and social security | 45 | €6,373 | €16,793 | +€10,420 | +163.5% |
| Taxes | 450/3 | €6,373 | €16,793 | +€10,420 | +163.5% |
| Remuneration, social security and pensions | 62 | - | €4,981 | +€4,981 | |
| Other operating charges | 640/8 | €831 | €1,083 | +€252 | +30.3% |
| Gross operating margin | 9900 | €16,324 | €52,340 | +€36,017 | +220.6% |
| Operating profit (loss) | 9901 | €15,493 | €46,277 | +€30,784 | +198.7% |
| Financial income | 75/76B | - | €317 | +€317 | |
| Recurring financial income | 75 | - | €317 | +€317 | |
| Financial charges | 65/66B | €274 | €496 | +€221 | +80.7% |
| Recurring financial charges | 65 | €274 | €496 | +€221 | +80.7% |
| Profit (loss) for the period before taxes | 9903 | €15,218 | €46,098 | +€30,880 | +202.9% |
| Income taxes | 67/77 | €2,911 | €10,468 | +€7,558 | +259.6% |
| Profit (loss) for the period | 9904 | €12,308 | €35,630 | +€23,322 | +189.5% |
| Profit (loss) for the period to be appropriated | 9905 | €12,308 | €35,630 | +€23,322 | +189.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.