PANDECADADIA: 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.
PANDECADADIA
Largest movements
- Tangible fixed assets +€2.1m
up €2.1m (+132%), from €1.6m to €3.8m
of which Land and buildings: +€2.2m
- Receivables within one year -€327,540
down €327,540 (-53.7%), from €609,393 to €281,853
of which Other amounts receivable: -€336,871
- Cash +€282,486
up €282,486 (+671%), from €42,076 to €324,562
mainly Debts after one year (+€2.1m) and Receivables within one year (+€327,540)
- Debts after one year +€2.1m
up €2.1m (+133%), from €1.6m to €3.7m
of which Financial debts: +€2.1m
- Profit (loss) carried forward -€94,868
new in 2025: -€94,868
- Trade debts +€75,189
up €75,189 (+304%), from €24,752 to €99,941
- Other operating charges +€203,076
up €203,076 (+172%), from €117,758 to €320,834
- Gross operating margin +€65,004
up €65,004 (+21.0%), from €309,191 to €374,195
- Taxes -€16,474
down €16,474 (-100%), from €16,474 to €0
- Depreciation +€13,631
up €13,631 (+15.2%), from €89,811 to €103,442
- Financial charges +€6,731
up €6,731 (+16.8%), from €39,962 to €46,693
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 | €2,279,592 | €4,370,553 | +€2.1m | +91.7% |
| Fixed assets | 21/28 | €1,620,872 | €3,753,430 | +€2.1m | +132% |
| Tangible fixed assets | 22/27 | €1,620,872 | €3,753,430 | +€2.1m | +132% |
| Land and buildings | 22 | €1,183,390 | €3,403,096 | +€2.2m | +188% |
| Plant, machinery and equipment | 23 | €393,644 | €317,531 | -€76,113 | -19.3% |
| Furniture and vehicles | 24 | €33,838 | €22,803 | -€11,035 | -32.6% |
| Other tangible fixed assets | 26 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €658,720 | €617,123 | -€41,598 | -6.3% |
| Amounts receivable within one year | 40/41 | €609,393 | €281,853 | -€327,540 | -53.7% |
| Trade receivables | 40 | €18,167 | €27,497 | +€9,330 | +51.4% |
| Other amounts receivable | 41 | €591,226 | €254,355 | -€336,871 | -57.0% |
| Cash at bank and in hand | 54/58 | €42,076 | €324,562 | +€282,486 | +671% |
| Deferred charges and accrued income | 490/1 | €7,251 | €10,708 | +€3,457 | +47.7% |
| Total equity and liabilities | 10/49 | €2,279,592 | €4,370,553 | +€2.1m | +91.7% |
| Equity | 10/15 | €507,109 | €412,241 | -€94,868 | -18.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €445,109 | €445,109 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €438,909 | €438,909 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€94,868 | -€94,868 | |
| Amounts payable | 17/49 | €1,772,483 | €3,958,312 | +€2.2m | +123% |
| Amounts payable after more than one year | 17 | €1,579,110 | €3,677,940 | +€2.1m | +133% |
| Financial debts | 170/4 | €1,575,900 | €3,677,730 | +€2.1m | +133% |
| Other amounts payable | 178/9 | €3,210 | €210 | -€3,000 | -93.5% |
| Amounts payable within one year | 42/48 | €193,373 | €280,372 | +€86,999 | +45.0% |
| Current portion of amounts payable after more than one year | 42 | €138,318 | €154,278 | +€15,961 | +11.5% |
| Trade debts | 44 | €24,752 | €99,941 | +€75,189 | +304% |
| Suppliers | 440/4 | €24,752 | €99,941 | +€75,189 | +304% |
| Taxes, remuneration and social security | 45 | €3,773 | €2,219 | -€1,554 | -41.2% |
| Taxes | 450/3 | €3,773 | €2,219 | -€1,554 | -41.2% |
| Other amounts payable | 47/48 | €26,530 | €23,934 | -€2,596 | -9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,811 | €103,442 | +€13,631 | +15.2% |
| Other operating charges | 640/8 | €117,758 | €320,834 | +€203,076 | +172% |
| Gross operating margin | 9900 | €309,191 | €374,195 | +€65,004 | +21.0% |
| Operating profit (loss) | 9901 | €101,621 | -€50,081 | -€151,703 | |
| Financial income | 75/76B | €4 | €1,907 | +€1,903 | +44,148% |
| Recurring financial income | 75 | €4 | €1,907 | +€1,903 | +44,148% |
| Financial charges | 65/66B | €39,962 | €46,693 | +€6,731 | +16.8% |
| Recurring financial charges | 65 | €39,962 | €46,693 | +€6,731 | +16.8% |
| Profit (loss) for the period before taxes | 9903 | €61,664 | -€94,868 | -€156,531 | |
| Income taxes | 67/77 | €16,474 | €0 | -€16,474 | -100% |
| Profit (loss) for the period | 9904 | €45,189 | -€94,868 | -€140,057 | |
| Profit (loss) for the period to be appropriated | 9905 | €45,189 | -€94,868 | -€140,057 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.