PANDORA UITGEVERS: 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.
PANDORA UITGEVERS
Largest movements
- Tangible fixed assets -€3,652
down €3,652 (-4.8%), from €76,005 to €72,352
of which Land and buildings: -€4,757
- Other debts -€9,860
down €9,860 (-38.0%), from €25,967 to €16,106
- Reserves +€2,964
up €2,964 (+159%), from €1,859 to €4,823
of which Distributable reserves: +€2,964
- Trade debts +€1,218
up €1,218 (+587%), from €207 to €1,426
- Tax, wage and social debts +€873
up €873 (+13.9%), from €6,279 to €7,152
- Gross operating margin +€6,441
up €6,441 (+142%), from €4,534 to €10,975
- Other operating charges -€1,862
down €1,862 (-48.0%), from €3,881 to €2,019
- Taxes +€360
up €360 (+155%), from €232 to €592
- Depreciation +€207
up €207 (+4.2%), from €4,967 to €5,174
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 | €84,842 | €80,036 | -€4,805 | -5.7% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €76,625 | €72,972 | -€3,652 | -4.8% |
| Tangible fixed assets | 22/27 | €76,005 | €72,352 | -€3,652 | -4.8% |
| Land and buildings | 22 | €75,425 | €70,669 | -€4,757 | -6.3% |
| Furniture and vehicles | 24 | €579 | €1,684 | +€1,104 | +191% |
| Financial fixed assets | 28 | €620 | €620 | = | 0.0% |
| Current assets | 29/58 | €8,217 | €7,064 | -€1,153 | -14.0% |
| Amounts receivable within one year | 40/41 | €2,450 | €1,905 | -€545 | -22.2% |
| Trade receivables | 40 | €2,450 | €1,905 | -€545 | -22.2% |
| Cash at bank and in hand | 54/58 | €4,938 | €4,287 | -€651 | -13.2% |
| Deferred charges and accrued income | 490/1 | €829 | €872 | +€43 | +5.2% |
| Total equity and liabilities | 10/49 | €84,842 | €80,036 | -€4,805 | -5.7% |
| Equity | 10/15 | €49,888 | €52,852 | +€2,964 | +5.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | - | -€18,592 | |
| Issued capital | 100 | €18,592 | - | -€18,592 | |
| Reserves | 13 | €1,859 | €4,823 | +€2,964 | +159% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | - | -€1,859 | |
| Reserves not available under the articles | 1311 | - | €1,859 | +€1,859 | |
| Distributable reserves | 133 | - | €2,964 | +€2,964 | |
| Profit (loss) carried forward | 14 | €29,437 | €29,437 | = | 0.0% |
| Provisions and deferred taxes | 16 | €2,500 | €2,500 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €2,500 | €2,500 | = | 0.0% |
| Major repairs and maintenance | 162 | €2,500 | €2,500 | = | 0.0% |
| Amounts payable | 17/49 | €32,453 | €24,684 | -€7,769 | -23.9% |
| Amounts payable within one year | 42/48 | €32,453 | €24,684 | -€7,769 | -23.9% |
| Trade debts | 44 | €207 | €1,426 | +€1,218 | +587% |
| Suppliers | 440/4 | €207 | €1,426 | +€1,218 | +587% |
| Taxes, remuneration and social security | 45 | €6,279 | €7,152 | +€873 | +13.9% |
| Taxes | 450/3 | €6,279 | €7,152 | +€873 | +13.9% |
| Other amounts payable | 47/48 | €25,967 | €16,106 | -€9,860 | -38.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,967 | €5,174 | +€207 | +4.2% |
| Other operating charges | 640/8 | €3,881 | €2,019 | -€1,862 | -48.0% |
| Gross operating margin | 9900 | €4,534 | €10,975 | +€6,441 | +142% |
| Operating profit (loss) | 9901 | -€4,313 | €3,782 | +€8,096 | |
| Financial income | 75/76B | €1 | €0 | -€1 | -85.6% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -85.6% |
| Financial charges | 65/66B | €324 | €226 | -€98 | -30.2% |
| Recurring financial charges | 65 | €324 | €226 | -€98 | -30.2% |
| Profit (loss) for the period before taxes | 9903 | -€4,636 | €3,556 | +€8,192 | |
| Income taxes | 67/77 | €232 | €592 | +€360 | +155% |
| Profit (loss) for the period | 9904 | -€4,869 | €2,964 | +€7,832 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,869 | €2,964 | +€7,832 |
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 31 October 2026 via checked.be.