Pangaea PSS: what changed
Two fiscal 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 PSS
Largest movements
- Cash -€18,938
down €18,938 (-25.8%), from €73,368 to €54,429
mainly Net result for the year (-€38,191) and Receivables within one year (-€14,046)
- Tangible fixed assets -€14,670
down €14,670 (-29.9%), from €49,055 to €34,384
of which Furniture and vehicles: -€10,875
- Receivables within one year +€14,046
up €14,046 (+80.3%), from €17,495 to €31,541
of which Trade receivables: +€14,796
- Profit (loss) carried forward -€36,331
down €36,331, from €473 to -€35,858
- Other debts +€16,998
up €16,998 (+627.9%), from €2,707 to €19,705
- Gross operating margin -€73,561
down €73,561, from €56,304 to -€17,257
- Taxes -€14,101
down €14,101 (-98.0%), from €14,391 to €290
- Other operating charges +€5,701
up €5,701 (+299.2%), from €1,905 to €7,606
- Depreciation +€3,301
up €3,301 (+29.0%), from €11,370 to €14,670
From the 2025 result to the 2026 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.
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €251,985 | €231,397 | -€20,588 | -8.2% |
| Fixed assets | 21/28 | €49,055 | €34,384 | -€14,670 | -29.9% |
| Tangible fixed assets | 22/27 | €49,055 | €34,384 | -€14,670 | -29.9% |
| Plant, machinery and equipment | 23 | €2,143 | €992 | -€1,151 | -53.7% |
| Furniture and vehicles | 24 | €24,909 | €14,034 | -€10,875 | -43.7% |
| Other tangible fixed assets | 26 | €22,003 | €19,358 | -€2,645 | -12.0% |
| Current assets | 29/58 | €202,930 | €197,013 | -€5,918 | -2.9% |
| Amounts receivable within one year | 40/41 | €17,495 | €31,541 | +€14,046 | +80.3% |
| Trade receivables | 40 | €1,113 | €15,910 | +€14,796 | +1329.2% |
| Other amounts receivable | 41 | €16,382 | €15,632 | -€750 | -4.6% |
| Current investments | 50/53 | €105,791 | €106,714 | +€923 | +0.9% |
| Cash at bank and in hand | 54/58 | €73,368 | €54,429 | -€18,938 | -25.8% |
| Deferred charges and accrued income | 490/1 | €6,276 | €4,327 | -€1,949 | -31.1% |
| Total equity and liabilities | 10/49 | €251,985 | €231,397 | -€20,588 | -8.2% |
| Equity | 10/15 | €244,943 | €206,752 | -€38,191 | -15.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €232,070 | €230,210 | -€1,860 | -0.8% |
| Distributable reserves | 133 | €232,070 | €230,210 | -€1,860 | -0.8% |
| Profit (loss) carried forward | 14 | €473 | -€35,858 | -€36,331 | |
| Amounts payable | 17/49 | €7,042 | €24,645 | +€17,603 | +250.0% |
| Amounts payable within one year | 42/48 | €7,042 | €24,451 | +€17,409 | +247.2% |
| Trade debts | 44 | €1,035 | €1,446 | +€412 | +39.8% |
| Suppliers | 440/4 | €1,035 | €1,446 | +€412 | +39.8% |
| Taxes, remuneration and social security | 45 | €3,300 | €3,300 | = | 0.0% |
| Taxes | 450/3 | €3,300 | €3,300 | = | 0.0% |
| Other amounts payable | 47/48 | €2,707 | €19,705 | +€16,998 | +627.9% |
| Accrued charges and deferred income | 492/3 | - | €194 | +€194 | |
| Non-recurring operating income | 76A | €83 | - | -€83 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,370 | €14,670 | +€3,301 | +29.0% |
| Other operating charges | 640/8 | €1,905 | €7,606 | +€5,701 | +299.2% |
| Gross operating margin | 9900 | €56,304 | -€17,257 | -€73,561 | |
| Operating profit (loss) | 9901 | €43,029 | -€39,533 | -€82,562 | |
| Financial income | 75/76B | €1,620 | €1,753 | +€133 | +8.2% |
| Recurring financial income | 75 | €1,620 | €1,753 | +€133 | +8.2% |
| Financial charges | 65/66B | €139 | €121 | -€18 | -12.7% |
| Recurring financial charges | 65 | €139 | €121 | -€18 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | €44,510 | -€37,901 | -€82,411 | |
| Income taxes | 67/77 | €14,391 | €290 | -€14,101 | -98.0% |
| Profit (loss) for the period | 9904 | €30,119 | -€38,191 | -€68,310 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,119 | -€38,191 | -€68,310 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.