PANI - A.A.: 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.
PANI - A.A.
Largest movements
- Tangible fixed assets +€71,803
up €71,803 (+622%), from €11,553 to €83,355
- Receivables within one year +€25,242
up €25,242 (+54.9%), from €45,957 to €71,199
- Cash +€17,279
up €17,279 (+184%), from €9,401 to €26,680
- Other debts +€116,401
up €116,401 (+259%), from €44,996 to €161,397
- Tax, wage and social debts -€7,396
down €7,396 (-45.6%), from €16,229 to €8,833
- Profit (loss) carried forward +€3,818
up €3,818 (+38.2%), from -€10,004 to -€6,186
- Gross operating margin +€83,260
up €83,260 (+182%), from €45,720 to €128,980
- Staff costs +€66,466
up €66,466 (+209%), from €31,841 to €98,307
- Depreciation +€11,817
up €11,817 (+123%), from €9,629 to €21,446
- Financial charges +€11,736
up €11,736 (+7,282%), from €161 to €11,897
- Financial income -€2,720
no longer reported in 2024 (was €2,720)
From the 2022 result to the 2024 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2022 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €73,093 | €187,642 | +€114,549 | +157% |
| Fixed assets | 21/28 | €16,053 | €87,855 | +€71,803 | +447% |
| Tangible fixed assets | 22/27 | €11,553 | €83,355 | +€71,803 | +622% |
| Furniture and vehicles | 24 | €11,553 | €83,355 | +€71,803 | +622% |
| Financial fixed assets | 28 | €4,500 | €4,500 | = | 0.0% |
| Current assets | 29/58 | €57,040 | €99,786 | +€42,746 | +74.9% |
| Amounts receivable within one year | 40/41 | €45,957 | €71,199 | +€25,242 | +54.9% |
| Other amounts receivable | 41 | €45,957 | €71,199 | +€25,242 | +54.9% |
| Cash at bank and in hand | 54/58 | €9,401 | €26,680 | +€17,279 | +184% |
| Deferred charges and accrued income | 490/1 | €1,682 | €1,907 | +€225 | +13.4% |
| Total equity and liabilities | 10/49 | €73,093 | €187,642 | +€114,549 | +157% |
| Equity | 10/15 | €9,348 | €13,166 | +€3,818 | +40.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €760 | €760 | = | 0.0% |
| Non-distributable reserves | 130/1 | €760 | €760 | = | 0.0% |
| Reserves not available under the articles | 1311 | €760 | €760 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,004 | -€6,186 | +€3,818 | +38.2% |
| Amounts payable | 17/49 | €63,745 | €174,475 | +€110,730 | +174% |
| Amounts payable within one year | 42/48 | €63,745 | €174,475 | +€110,730 | +174% |
| Trade debts | 44 | €2,520 | €4,245 | +€1,725 | +68.5% |
| Suppliers | 440/4 | €2,520 | €4,245 | +€1,725 | +68.5% |
| Taxes, remuneration and social security | 45 | €16,229 | €8,833 | -€7,396 | -45.6% |
| Remuneration and social security | 454/9 | €16,229 | €8,833 | -€7,396 | -45.6% |
| Other amounts payable | 47/48 | €44,996 | €161,397 | +€116,401 | +259% |
| Non-recurring operating income | 76A | €15,000 | - | -€15,000 | |
| Remuneration, social security and pensions | 62 | €31,841 | €98,307 | +€66,466 | +209% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,629 | €21,446 | +€11,817 | +123% |
| Other operating charges | 640/8 | €2,288 | €836 | -€1,452 | -63.5% |
| Gross operating margin | 9900 | €45,720 | €128,980 | +€83,260 | +182% |
| Operating profit (loss) | 9901 | €1,962 | €8,391 | +€6,429 | +328% |
| Financial income | 75/76B | €2,720 | - | -€2,720 | |
| Recurring financial income | 75 | €2,720 | - | -€2,720 | |
| Financial charges | 65/66B | €161 | €11,897 | +€11,736 | +7,282% |
| Recurring financial charges | 65 | €161 | €11,897 | +€11,736 | +7,282% |
| Profit (loss) for the period before taxes | 9903 | €4,520 | -€3,506 | -€8,027 | |
| Income taxes | 67/77 | - | €1,583 | +€1,583 | |
| Profit (loss) for the period | 9904 | €4,520 | -€5,089 | -€9,610 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,520 | -€5,089 | -€9,610 |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.