PANDAHOLD: 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.
PANDAHOLD
Largest movements
- Cash +€62,829
up €62,829 (+68.2%), from €92,188 to €155,018
mainly Net result for the year (+€69,212) and Receivables within one year (+€34,570)
- Receivables within one year -€34,570
down €34,570 (-26.2%), from €131,887 to €97,316
- Receivables after one year +€31,738
up €31,738 (+95.4%), from €33,262 to €65,000
- Tangible fixed assets +€8,102
new in 2024: €8,102
of which Other tangible fixed assets: +€7,882
- Profit (loss) carried forward +€69,212
up €69,212 (+73.8%), from €93,798 to €163,010
- Other debts +€6,769
up €6,769 (+61.2%), from €11,067 to €17,836
- Tax, wage and social debts -€6,569
down €6,569 (-18.6%), from €35,400 to €28,830
- Gross operating margin -€29,382
down €29,382 (-24.6%), from €119,373 to €89,990
- Taxes -€4,046
down €4,046 (-16.2%), from €24,900 to €20,854
- Financial income +€2,247
up €2,247 (+74,900%), from €3 to €2,250
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 | €257,337 | €326,176 | +€68,839 | +26.8% |
| Fixed assets | 21/28 | - | €8,102 | +€8,102 | |
| Tangible fixed assets | 22/27 | - | €8,102 | +€8,102 | |
| Furniture and vehicles | 24 | - | €220 | +€220 | |
| Other tangible fixed assets | 26 | - | €7,882 | +€7,882 | |
| Current assets | 29/58 | €257,337 | €318,075 | +€60,738 | +23.6% |
| Amounts receivable after more than one year | 29 | €33,262 | €65,000 | +€31,738 | +95.4% |
| Other amounts receivable | 291 | €33,262 | €65,000 | +€31,738 | +95.4% |
| Amounts receivable within one year | 40/41 | €131,887 | €97,316 | -€34,570 | -26.2% |
| Trade receivables | 40 | €131,887 | €97,316 | -€34,570 | -26.2% |
| Cash at bank and in hand | 54/58 | €92,188 | €155,018 | +€62,829 | +68.2% |
| Deferred charges and accrued income | 490/1 | - | €741 | +€741 | |
| Total equity and liabilities | 10/49 | €257,337 | €326,176 | +€68,839 | +26.8% |
| Equity | 10/15 | €210,298 | €279,510 | +€69,212 | +32.9% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €115,000 | €115,000 | = | 0.0% |
| Distributable reserves | 133 | €115,000 | €115,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €93,798 | €163,010 | +€69,212 | +73.8% |
| Amounts payable | 17/49 | €47,039 | €46,666 | -€373 | -0.8% |
| Amounts payable within one year | 42/48 | €47,039 | €46,666 | -€373 | -0.8% |
| Trade debts | 44 | €573 | - | -€573 | |
| Suppliers | 440/4 | €573 | - | -€573 | |
| Taxes, remuneration and social security | 45 | €35,400 | €28,830 | -€6,569 | -18.6% |
| Taxes | 450/3 | €35,400 | €28,830 | -€6,569 | -18.6% |
| Other amounts payable | 47/48 | €11,067 | €17,836 | +€6,769 | +61.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €632 | +€632 | |
| Other operating charges | 640/8 | €384 | €1,324 | +€940 | +244% |
| Gross operating margin | 9900 | €119,373 | €89,990 | -€29,382 | -24.6% |
| Operating profit (loss) | 9901 | €118,988 | €88,034 | -€30,954 | -26.0% |
| Financial income | 75/76B | €3 | €2,250 | +€2,247 | +74,900% |
| Recurring financial income | 75 | €3 | €2,250 | +€2,247 | +74,900% |
| Financial charges | 65/66B | €656 | €218 | -€438 | -66.8% |
| Recurring financial charges | 65 | €656 | €218 | -€438 | -66.8% |
| Profit (loss) for the period before taxes | 9903 | €118,335 | €90,066 | -€28,269 | -23.9% |
| Income taxes | 67/77 | €24,900 | €20,854 | -€4,046 | -16.2% |
| Profit (loss) for the period | 9904 | €93,435 | €69,212 | -€24,223 | -25.9% |
| Profit (loss) for the period to be appropriated | 9905 | €93,435 | €69,212 | -€24,223 | -25.9% |
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 14 October 2026 via checked.be.