Pangaea Metaal Design: 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.
Pangaea Metaal Design
Largest movements
- Receivables within one year -€98,136
down €98,136 (-34.4%), from €285,458 to €187,322
of which Trade receivables: -€73,707
- Tangible fixed assets +€90,092
up €90,092 (+145%), from €61,976 to €152,067
of which Plant, machinery and equipment: +€62,166
- Deferred charges and accrued income -€36,713
down €36,713 (-54.2%), from €67,719 to €31,005
- Trade debts -€63,641
down €63,641 (-39.9%), from €159,309 to €95,668
- Debts after one year +€20,292
up €20,292 (+13.3%), from €153,007 to €173,298
- Other debts +€16,529
up €16,529 (+311%), from €5,320 to €21,849
- Profit (loss) carried forward -€13,614
down €13,614 (-73.8%), from €18,436 to €4,821
- Current portion of long-term debt +€10,390
up €10,390 (+115%), from €9,014 to €19,404
- Gross operating margin -€9,322
down €9,322 (-19.5%), from €47,832 to €38,510
- Depreciation +€7,016
up €7,016 (+53.3%), from €13,173 to €20,190
- Taxes -€5,571
no longer reported in 2025 (was €5,571)
- Financial charges +€5,281
up €5,281 (+90.0%), from €5,871 to €11,152
- Write-downs -€1,600
no longer reported in 2025 (was €1,600)
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 | €419,712 | €374,027 | -€45,685 | -10.9% |
| Fixed assets | 21/28 | €61,976 | €152,067 | +€90,092 | +145% |
| Tangible fixed assets | 22/27 | €61,976 | €152,067 | +€90,092 | +145% |
| Plant, machinery and equipment | 23 | €17,747 | €79,913 | +€62,166 | +350% |
| Furniture and vehicles | 24 | €44,229 | €72,154 | +€27,926 | +63.1% |
| Current assets | 29/58 | €357,737 | €221,960 | -€135,777 | -38.0% |
| Stocks and contracts in progress | 3 | - | €1,300 | +€1,300 | |
| Stocks | 30/36 | - | €1,300 | +€1,300 | |
| Amounts receivable within one year | 40/41 | €285,458 | €187,322 | -€98,136 | -34.4% |
| Trade receivables | 40 | €242,135 | €168,428 | -€73,707 | -30.4% |
| Other amounts receivable | 41 | €43,323 | €18,894 | -€24,429 | -56.4% |
| Cash at bank and in hand | 54/58 | €4,560 | €2,333 | -€2,227 | -48.8% |
| Deferred charges and accrued income | 490/1 | €67,719 | €31,005 | -€36,713 | -54.2% |
| Total equity and liabilities | 10/49 | €419,712 | €374,027 | -€45,685 | -10.9% |
| Equity | 10/15 | €84,263 | €63,740 | -€20,523 | -24.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €60,827 | €53,918 | -€6,909 | -11.4% |
| Distributable reserves | 133 | €60,827 | €53,918 | -€6,909 | -11.4% |
| Profit (loss) carried forward | 14 | €18,436 | €4,821 | -€13,614 | -73.8% |
| Amounts payable | 17/49 | €335,449 | €310,287 | -€25,162 | -7.5% |
| Amounts payable after more than one year | 17 | €153,007 | €173,298 | +€20,292 | +13.3% |
| Financial debts | 170/4 | €153,007 | €173,298 | +€20,292 | +13.3% |
| Amounts payable within one year | 42/48 | €173,643 | €136,921 | -€36,722 | -21.1% |
| Current portion of amounts payable after more than one year | 42 | €9,014 | €19,404 | +€10,390 | +115% |
| Trade debts | 44 | €159,309 | €95,668 | -€63,641 | -39.9% |
| Suppliers | 440/4 | €159,309 | €95,668 | -€63,641 | -39.9% |
| Other amounts payable | 47/48 | €5,320 | €21,849 | +€16,529 | +311% |
| Accrued charges and deferred income | 492/3 | €8,800 | €68 | -€8,732 | -99.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,173 | €20,190 | +€7,016 | +53.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,600 | - | -€1,600 | |
| Other operating charges | 640/8 | €3,686 | €2,482 | -€1,204 | -32.7% |
| Gross operating margin | 9900 | €47,832 | €38,510 | -€9,322 | -19.5% |
| Operating profit (loss) | 9901 | €29,373 | €15,838 | -€13,534 | -46.1% |
| Financial income | 75/76B | €505 | €135 | -€370 | -73.2% |
| Recurring financial income | 75 | €505 | €135 | -€370 | -73.2% |
| Financial charges | 65/66B | €5,871 | €11,152 | +€5,281 | +90.0% |
| Recurring financial charges | 65 | €5,871 | €11,152 | +€5,281 | +90.0% |
| Profit (loss) for the period before taxes | 9903 | €24,007 | €4,821 | -€19,185 | -79.9% |
| Income taxes | 67/77 | €5,571 | - | -€5,571 | |
| Profit (loss) for the period | 9904 | €18,436 | €4,821 | -€13,614 | -73.8% |
| Profit (loss) for the period to be appropriated | 9905 | €18,436 | €4,821 | -€13,614 | -73.8% |
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 1 November 2026 via checked.be.