PANDA PRO: what changed
PANDA PRO
Largest movements
- Cash +€18,169
up €18,169 (+390%), from €4,659 to €22,828
mainly Tax, wage and social debts (+€18,957) and Stocks and contracts (+€9,890)
- Tangible fixed assets +€10,569
up €10,569 (+307%), from €3,448 to €14,017
of which Plant, machinery and equipment: +€12,625
- Stocks and contracts -€9,890
down €9,890 (-26.1%), from €37,906 to €28,016
- Receivables within one year -€2,850
down €2,850 (-11.0%), from €25,803 to €22,952
of which Trade receivables: -€6,766
- Tax, wage and social debts +€18,957
new in 2024: €18,957
of which Remuneration and social security: +€14,550
- Trade debts -€7,582
down €7,582 (-10.8%), from €70,266 to €62,684
- Other debts -€5,324
down €5,324 (-19.4%), from €27,502 to €22,178
- Short-term financial debts +€4,361
up €4,361 (+112%), from €3,900 to €8,261
- Advances received +€4,333
new in 2024: €4,333
- Gross operating margin +€56,463
up €56,463, from -€4,216 to €52,247
- Staff costs +€41,406
up €41,406 (+53,767%), from €77 to €41,483
- Depreciation +€1,265
up €1,265 (+34.5%), from €3,666 to €4,931
- Other operating charges +€1,001
up €1,001 (+267%), from €374 to €1,375
- Financial charges +€830
up €830 (+35.0%), from €2,375 to €3,206
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €83,066 | €99,063 | +€15,997 | +19.3% |
| Fixed assets | 21/28 | €14,698 | €25,267 | +€10,569 | +71.9% |
| Tangible fixed assets | 22/27 | €3,448 | €14,017 | +€10,569 | +307% |
| Plant, machinery and equipment | 23 | €1,208 | €13,833 | +€12,625 | +1,045% |
| Furniture and vehicles | 24 | €2,240 | €184 | -€2,056 | -91.8% |
| Financial fixed assets | 28 | €11,250 | €11,250 | = | 0.0% |
| Current assets | 29/58 | €68,368 | €73,796 | +€5,428 | +7.9% |
| Stocks and contracts in progress | 3 | €37,906 | €28,016 | -€9,890 | -26.1% |
| Stocks | 30/36 | €37,906 | €28,016 | -€9,890 | -26.1% |
| Amounts receivable within one year | 40/41 | €25,803 | €22,952 | -€2,850 | -11.0% |
| Trade receivables | 40 | €24,980 | €18,213 | -€6,766 | -27.1% |
| Other amounts receivable | 41 | €823 | €4,739 | +€3,916 | +476% |
| Cash at bank and in hand | 54/58 | €4,659 | €22,828 | +€18,169 | +390% |
| Total equity and liabilities | 10/49 | €83,066 | €99,063 | +€15,997 | +19.3% |
| Equity | 10/15 | -€18,603 | -€17,351 | +€1,252 | +6.7% |
| Contributions | 10/11 | €15,433 | €15,433 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€34,035 | -€32,783 | +€1,252 | +3.7% |
| Amounts payable | 17/49 | €101,668 | €116,414 | +€14,745 | +14.5% |
| Amounts payable within one year | 42/48 | €101,668 | €116,414 | +€14,745 | +14.5% |
| Financial debts | 43 | €3,900 | €8,261 | +€4,361 | +112% |
| Credit institutions | 430/8 | €3,900 | €8,261 | +€4,361 | +112% |
| Trade debts | 44 | €70,266 | €62,684 | -€7,582 | -10.8% |
| Suppliers | 440/4 | €70,266 | €62,684 | -€7,582 | -10.8% |
| Advances received on contracts in progress | 46 | - | €4,333 | +€4,333 | |
| Taxes, remuneration and social security | 45 | - | €18,957 | +€18,957 | |
| Taxes | 450/3 | - | €4,407 | +€4,407 | |
| Remuneration and social security | 454/9 | - | €14,550 | +€14,550 | |
| Other amounts payable | 47/48 | €27,502 | €22,178 | -€5,324 | -19.4% |
| Remuneration, social security and pensions | 62 | €77 | €41,483 | +€41,406 | +53,767% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,666 | €4,931 | +€1,265 | +34.5% |
| Other operating charges | 640/8 | €374 | €1,375 | +€1,001 | +267% |
| Gross operating margin | 9900 | -€4,216 | €52,247 | +€56,463 | |
| Operating profit (loss) | 9901 | -€8,333 | €4,458 | +€12,791 | |
| Financial charges | 65/66B | €2,375 | €3,206 | +€830 | +35.0% |
| Recurring financial charges | 65 | €2,375 | €3,206 | +€830 | +35.0% |
| Profit (loss) for the period before taxes | 9903 | -€10,709 | €1,252 | +€11,961 | |
| Profit (loss) for the period | 9904 | -€10,709 | €1,252 | +€11,961 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,709 | €1,252 | +€11,961 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.