Pand92: 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.
Pand92
Largest movements
- Receivables after one year -€20,000
down €20,000 (-100%), from €20,000 to €0
- Cash -€12,159
down €12,159 (-35.5%), from €34,243 to €22,084
mainly Contributions, distributions and other (-€91,284) and Investment in fixed assets (net) (-€7,537)
- Receivables within one year +€4,687
up €4,687 (+16.8%), from €27,955 to €32,642
of which Other amounts receivable: +€2,697
- Tangible fixed assets -€3,304
down €3,304 (-13.1%), from €25,309 to €22,005
- Profit (loss) carried forward -€77,479
down €77,479 (-100%), from €77,479 to €0
- Other debts +€49,262
up €49,262 (+2,054%), from €2,398 to €51,659
- Debts after one year -€5,577
down €5,577 (-48.2%), from €11,565 to €5,988
- Tax, wage and social debts +€2,303
up €2,303 (+32.8%), from €7,028 to €9,331
of which Taxes: +€2,453
- Gross operating margin -€11,559
down €11,559 (-25.0%), from €46,322 to €34,762
- Taxes -€2,321
down €2,321 (-24.2%), from €9,598 to €7,277
- Financial income -€520
down €520 (-100.0%), from €520 to €0
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 | €108,946 | €78,805 | -€30,141 | -27.7% |
| Fixed assets | 21/28 | €25,309 | €22,005 | -€3,304 | -13.1% |
| Tangible fixed assets | 22/27 | €25,309 | €22,005 | -€3,304 | -13.1% |
| Furniture and vehicles | 24 | €25,309 | €22,005 | -€3,304 | -13.1% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €83,637 | €56,800 | -€26,837 | -32.1% |
| Amounts receivable after more than one year | 29 | €20,000 | €0 | -€20,000 | -100% |
| Other amounts receivable | 291 | €20,000 | €0 | -€20,000 | -100% |
| Amounts receivable within one year | 40/41 | €27,955 | €32,642 | +€4,687 | +16.8% |
| Trade receivables | 40 | €26,528 | €28,518 | +€1,990 | +7.5% |
| Other amounts receivable | 41 | €1,427 | €4,124 | +€2,697 | +189% |
| Cash at bank and in hand | 54/58 | €34,243 | €22,084 | -€12,159 | -35.5% |
| Deferred charges and accrued income | 490/1 | €1,439 | €2,073 | +€635 | +44.1% |
| Total equity and liabilities | 10/49 | €108,946 | €78,805 | -€30,141 | -27.7% |
| Equity | 10/15 | €80,479 | €3,000 | -€77,479 | -96.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €77,479 | €0 | -€77,479 | -100% |
| Amounts payable | 17/49 | €28,467 | €75,805 | +€47,337 | +166% |
| Amounts payable after more than one year | 17 | €11,565 | €5,988 | -€5,577 | -48.2% |
| Financial debts | 170/4 | €11,565 | €5,988 | -€5,577 | -48.2% |
| Amounts payable within one year | 42/48 | €14,918 | €67,663 | +€52,745 | +354% |
| Current portion of amounts payable after more than one year | 42 | €5,370 | €5,577 | +€206 | +3.8% |
| Trade debts | 44 | €122 | €1,096 | +€974 | +796% |
| Suppliers | 440/4 | €122 | €1,096 | +€974 | +796% |
| Taxes, remuneration and social security | 45 | €7,028 | €9,331 | +€2,303 | +32.8% |
| Taxes | 450/3 | €6,878 | €9,331 | +€2,453 | +35.7% |
| Remuneration and social security | 454/9 | €150 | €0 | -€150 | -100% |
| Other amounts payable | 47/48 | €2,398 | €51,659 | +€49,262 | +2,054% |
| Accrued charges and deferred income | 492/3 | €1,984 | €2,154 | +€169 | +8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,802 | €10,841 | +€39 | +0.4% |
| Other operating charges | 640/8 | €2,031 | €2,164 | +€133 | +6.5% |
| Non-recurring operating charges | 66A | €154 | €0 | -€154 | -100% |
| Gross operating margin | 9900 | €46,322 | €34,762 | -€11,559 | -25.0% |
| Operating profit (loss) | 9901 | €33,334 | €21,757 | -€11,577 | -34.7% |
| Financial income | 75/76B | €520 | €0 | -€520 | -100.0% |
| Recurring financial income | 75 | €520 | €0 | -€520 | -100.0% |
| Financial charges | 65/66B | €898 | €675 | -€223 | -24.8% |
| Recurring financial charges | 65 | €898 | €675 | -€223 | -24.8% |
| Profit (loss) for the period before taxes | 9903 | €32,956 | €21,082 | -€11,874 | -36.0% |
| Income taxes | 67/77 | €9,598 | €7,277 | -€2,321 | -24.2% |
| Profit (loss) for the period | 9904 | €23,358 | €13,805 | -€9,553 | -40.9% |
| Profit (loss) for the period to be appropriated | 9905 | €23,358 | €13,805 | -€9,553 | -40.9% |
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 16 October 2026 via checked.be.