PANDEMIE: 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.
PANDEMIE
Largest movements
- Receivables within one year -€13,583
down €13,583 (-43.6%), from €31,135 to €17,552
- Cash +€3,012
up €3,012 (+4.7%), from €63,661 to €66,673
mainly Receivables within one year (+€13,583) and Depreciation (+€10,208)
- Deferred charges and accrued income -€1,342
down €1,342 (-14.8%), from €9,091 to €7,749
- Tax, wage and social debts -€6,601
down €6,601 (-65.8%), from €10,039 to €3,438
of which Taxes: -€7,546
- Accrued charges and deferred income -€5,241
down €5,241 (-39.8%), from €13,182 to €7,941
- Profit (loss) carried forward +€2,414
up €2,414 (+18.7%), from -€12,880 to -€10,466
- Other debts -€1,809
down €1,809 (-24.7%), from €7,309 to €5,500
- Other operating charges -€10,530
down €10,530 (-93.1%), from €11,308 to €778
- Gross operating margin +€7,637
up €7,637 (+61.8%), from €12,360 to €19,998
- Staff costs +€6,327
new in 2025: €6,327
- Depreciation -€4,738
down €4,738 (-31.7%), from €14,946 to €10,208
- Financial income -€1,230
down €1,230 (-100.0%), from €1,230 to €1
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 | €118,600 | €106,383 | -€12,217 | -10.3% |
| Fixed assets | 21/28 | €14,713 | €14,409 | -€305 | -2.1% |
| Tangible fixed assets | 22/27 | €13,663 | €13,359 | -€305 | -2.2% |
| Plant, machinery and equipment | 23 | - | €1,351 | +€1,351 | |
| Furniture and vehicles | 24 | €13,663 | €12,008 | -€1,656 | -12.1% |
| Financial fixed assets | 28 | €1,050 | €1,050 | = | 0.0% |
| Current assets | 29/58 | €103,887 | €91,974 | -€11,912 | -11.5% |
| Amounts receivable within one year | 40/41 | €31,135 | €17,552 | -€13,583 | -43.6% |
| Trade receivables | 40 | €31,135 | €17,552 | -€13,583 | -43.6% |
| Cash at bank and in hand | 54/58 | €63,661 | €66,673 | +€3,012 | +4.7% |
| Deferred charges and accrued income | 490/1 | €9,091 | €7,749 | -€1,342 | -14.8% |
| Total equity and liabilities | 10/49 | €118,600 | €106,383 | -€12,217 | -10.3% |
| Equity | 10/15 | €84,207 | €86,621 | +€2,414 | +2.9% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €95,586 | €95,586 | = | 0.0% |
| Distributable reserves | 133 | €95,586 | €95,586 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,880 | -€10,466 | +€2,414 | +18.7% |
| Amounts payable | 17/49 | €34,393 | €19,762 | -€14,631 | -42.5% |
| Amounts payable within one year | 42/48 | €21,211 | €11,821 | -€9,390 | -44.3% |
| Trade debts | 44 | €3,863 | €2,882 | -€981 | -25.4% |
| Suppliers | 440/4 | €3,863 | €2,882 | -€981 | -25.4% |
| Taxes, remuneration and social security | 45 | €10,039 | €3,438 | -€6,601 | -65.8% |
| Taxes | 450/3 | €10,039 | €2,493 | -€7,546 | -75.2% |
| Remuneration and social security | 454/9 | - | €945 | +€945 | |
| Other amounts payable | 47/48 | €7,309 | €5,500 | -€1,809 | -24.7% |
| Accrued charges and deferred income | 492/3 | €13,182 | €7,941 | -€5,241 | -39.8% |
| Remuneration, social security and pensions | 62 | - | €6,327 | +€6,327 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,946 | €10,208 | -€4,738 | -31.7% |
| Other operating charges | 640/8 | €11,308 | €778 | -€10,530 | -93.1% |
| Gross operating margin | 9900 | €12,360 | €19,998 | +€7,637 | +61.8% |
| Operating profit (loss) | 9901 | -€13,894 | €2,685 | +€16,579 | |
| Financial income | 75/76B | €1,230 | €1 | -€1,230 | -100.0% |
| Recurring financial income | 75 | €1,230 | €1 | -€1,230 | -100.0% |
| Financial charges | 65/66B | €89 | €139 | +€51 | +57.6% |
| Recurring financial charges | 65 | €89 | €139 | +€51 | +57.6% |
| Profit (loss) for the period before taxes | 9903 | -€12,752 | €2,546 | +€15,298 | |
| Income taxes | 67/77 | €128 | €132 | +€4 | +3.1% |
| Profit (loss) for the period | 9904 | -€12,880 | €2,414 | +€15,294 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,880 | €2,414 | +€15,294 |
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 26 October 2026 via checked.be.