PANDA COMMUNICATIONS: 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.
PANDA COMMUNICATIONS
Largest movements
- Receivables within one year +€17,463
up €17,463 (+10.7%), from €162,564 to €180,026
of which Trade receivables: +€43,854
- Cash -€8,479
down €8,479 (-33.6%), from €25,224 to €16,745
mainly Accrued charges and deferred income (-€22,764) and Receivables within one year (-€17,463)
- Trade debts +€36,174
up €36,174 (+125%), from €28,895 to €65,069
- Accrued charges and deferred income -€22,764
down €22,764 (-100%), from €22,764 to €0
- Profit (loss) carried forward -€10,330
down €10,330 (-14.2%), from €72,712 to €62,382
- Tax, wage and social debts +€4,736
up €4,736 (+14.3%), from €33,151 to €37,887
of which Taxes: +€4,736
- Gross operating margin -€49,845
down €49,845, from €43,554 to -€6,291
- Taxes -€9,343
down €9,343 (-90.5%), from €10,326 to €983
- Financial income -€3,773
down €3,773 (-99.9%), from €3,775 to €2
- Other operating charges -€793
down €793 (-23.5%), from €3,382 to €2,589
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.
Derived cash bridge
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 | €188,047 | €196,950 | +€8,902 | +4.7% |
| Fixed assets | 21/28 | €177 | €28 | -€149 | -84.2% |
| Tangible fixed assets | 22/27 | €177 | €28 | -€149 | -84.2% |
| Furniture and vehicles | 24 | €177 | €28 | -€149 | -84.2% |
| Current assets | 29/58 | €187,871 | €196,922 | +€9,051 | +4.8% |
| Amounts receivable within one year | 40/41 | €162,564 | €180,026 | +€17,463 | +10.7% |
| Trade receivables | 40 | €126,229 | €170,084 | +€43,854 | +34.7% |
| Other amounts receivable | 41 | €36,334 | €9,943 | -€26,392 | -72.6% |
| Cash at bank and in hand | 54/58 | €25,224 | €16,745 | -€8,479 | -33.6% |
| Deferred charges and accrued income | 490/1 | €84 | €151 | +€67 | +80.3% |
| Total equity and liabilities | 10/49 | €188,047 | €196,950 | +€8,902 | +4.7% |
| Equity | 10/15 | €93,172 | €82,842 | -€10,330 | -11.1% |
| 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 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €72,712 | €62,382 | -€10,330 | -14.2% |
| Amounts payable | 17/49 | €94,876 | €114,108 | +€19,232 | +20.3% |
| Amounts payable within one year | 42/48 | €72,112 | €114,108 | +€41,996 | +58.2% |
| Trade debts | 44 | €28,895 | €65,069 | +€36,174 | +125% |
| Suppliers | 440/4 | €28,895 | €65,069 | +€36,174 | +125% |
| Taxes, remuneration and social security | 45 | €33,151 | €37,887 | +€4,736 | +14.3% |
| Taxes | 450/3 | €29,651 | €34,387 | +€4,736 | +16.0% |
| Remuneration and social security | 454/9 | €3,500 | €3,500 | = | 0.0% |
| Other amounts payable | 47/48 | €10,066 | €11,152 | +€1,086 | +10.8% |
| Accrued charges and deferred income | 492/3 | €22,764 | €0 | -€22,764 | -100% |
| Remuneration, social security and pensions | 62 | €337 | €0 | -€337 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €369 | €149 | -€220 | -59.6% |
| Other operating charges | 640/8 | €3,382 | €2,589 | -€793 | -23.5% |
| Gross operating margin | 9900 | €43,554 | -€6,291 | -€49,845 | |
| Operating profit (loss) | 9901 | €39,466 | -€9,028 | -€48,495 | |
| Financial income | 75/76B | €3,775 | €2 | -€3,773 | -99.9% |
| Recurring financial income | 75 | €3,775 | €2 | -€3,773 | -99.9% |
| Financial charges | 65/66B | €284 | €321 | +€37 | +12.9% |
| Recurring financial charges | 65 | €284 | €321 | +€37 | +12.9% |
| Profit (loss) for the period before taxes | 9903 | €42,958 | -€9,347 | -€52,304 | |
| Income taxes | 67/77 | €10,326 | €983 | -€9,343 | -90.5% |
| Profit (loss) for the period | 9904 | €32,632 | -€10,330 | -€42,962 | |
| Profit (loss) for the period to be appropriated | 9905 | €32,632 | -€10,330 | -€42,962 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.