PANDER-ENGLEBERT sprl: 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.
PANDER-ENGLEBERT sprl
Largest movements
- Receivables within one year +€19,837
up €19,837 (+18.9%), from €105,040 to €124,877
- Tangible fixed assets -€9,334
down €9,334 (-42.7%), from €21,868 to €12,534
of which Other tangible fixed assets: -€6,134
- Cash +€4,789
up €4,789 (+117%), from €4,092 to €8,881
mainly Net result for the year (+€29,690) and Depreciation (+€9,334)
- Reserves +€14,000
up €14,000 (+7.6%), from €183,860 to €197,860
of which Distributable reserves: +€14,000
- Other debts +€5,000
up €5,000 (+50.0%), from €10,000 to €15,000
- Tax, wage and social debts -€4,342
down €4,342 (-38.1%), from €11,407 to €7,065
- Gross operating margin -€16,455
down €16,455 (-23.9%), from €68,929 to €52,474
- Taxes -€7,355
down €7,355 (-38.8%), from €18,966 to €11,611
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 | €244,056 | €257,062 | +€13,006 | +5.3% |
| Fixed assets | 21/28 | €131,868 | €122,534 | -€9,334 | -7.1% |
| Tangible fixed assets | 22/27 | €21,868 | €12,534 | -€9,334 | -42.7% |
| Land and buildings | 22 | €9,600 | €6,400 | -€3,200 | -33.3% |
| Other tangible fixed assets | 26 | €12,268 | €6,134 | -€6,134 | -50.0% |
| Financial fixed assets | 28 | €110,000 | €110,000 | = | 0.0% |
| Current assets | 29/58 | €112,188 | €134,528 | +€22,340 | +19.9% |
| Amounts receivable within one year | 40/41 | €105,040 | €124,877 | +€19,837 | +18.9% |
| Other amounts receivable | 41 | €105,040 | €124,877 | +€19,837 | +18.9% |
| Cash at bank and in hand | 54/58 | €4,092 | €8,881 | +€4,789 | +117% |
| Deferred charges and accrued income | 490/1 | €3,056 | €770 | -€2,286 | -74.8% |
| Total equity and liabilities | 10/49 | €244,056 | €257,062 | +€13,006 | +5.3% |
| Equity | 10/15 | €218,672 | €233,362 | +€14,690 | +6.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €183,860 | €197,860 | +€14,000 | +7.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €182,000 | €196,000 | +€14,000 | +7.7% |
| Profit (loss) carried forward | 14 | €16,212 | €16,902 | +€690 | +4.3% |
| Amounts payable | 17/49 | €25,385 | €23,700 | -€1,684 | -6.6% |
| Amounts payable within one year | 42/48 | €25,385 | €23,700 | -€1,684 | -6.6% |
| Trade debts | 44 | €3,978 | €1,636 | -€2,342 | -58.9% |
| Suppliers | 440/4 | €3,978 | €1,636 | -€2,342 | -58.9% |
| Taxes, remuneration and social security | 45 | €11,407 | €7,065 | -€4,342 | -38.1% |
| Taxes | 450/3 | €11,407 | €7,065 | -€4,342 | -38.1% |
| Other amounts payable | 47/48 | €10,000 | €15,000 | +€5,000 | +50.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,334 | €9,334 | = | 0.0% |
| Other operating charges | 640/8 | €1,867 | €1,640 | -€227 | -12.2% |
| Gross operating margin | 9900 | €68,929 | €52,474 | -€16,455 | -23.9% |
| Operating profit (loss) | 9901 | €57,727 | €41,500 | -€16,228 | -28.1% |
| Financial income | 75/76B | €51 | €36 | -€15 | -28.7% |
| Recurring financial income | 75 | €51 | €36 | -€15 | -28.7% |
| Financial charges | 65/66B | €460 | €235 | -€225 | -49.0% |
| Recurring financial charges | 65 | €460 | €235 | -€225 | -49.0% |
| Profit (loss) for the period before taxes | 9903 | €57,318 | €41,301 | -€16,017 | -27.9% |
| Income taxes | 67/77 | €18,966 | €11,611 | -€7,355 | -38.8% |
| Profit (loss) for the period | 9904 | €38,352 | €29,690 | -€8,662 | -22.6% |
| Profit (loss) for the period to be appropriated | 9905 | €38,352 | €29,690 | -€8,662 | -22.6% |
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 17 October 2026 via checked.be.