PANI MELISSA: 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 MELISSA
Largest movements
- Current investments +€82,105
new in 2025: €82,105
- Receivables within one year +€18,469
up €18,469 (+22.6%), from €81,891 to €100,360
- Cash +€13,234
up €13,234 (+10.0%), from €132,935 to €146,169
mainly Net result for the year (+€197,282) and Other debts (+€155,605)
- Deferred charges and accrued income -€4,659
down €4,659 (-66.5%), from €7,001 to €2,342
- Other debts +€155,605
up €155,605 (+157%), from €99,383 to €254,988
- Reserves -€38,557
down €38,557 (-32.6%), from €118,191 to €79,635
- Tax, wage and social debts -€4,945
down €4,945 (-29.3%), from €16,861 to €11,917
of which Taxes: -€4,790
- Gross operating margin +€60,333
up €60,333 (+29.4%), from €205,202 to €265,535
- Taxes +€14,254
up €14,254 (+30.4%), from €46,851 to €61,106
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 | €243,792 | €355,262 | +€111,469 | +45.7% |
| Fixed assets | 21/28 | €21,965 | €24,286 | +€2,321 | +10.6% |
| Tangible fixed assets | 22/27 | €21,965 | €24,286 | +€2,321 | +10.6% |
| Plant, machinery and equipment | 23 | - | €3,599 | +€3,599 | |
| Furniture and vehicles | 24 | €1,503 | €2,340 | +€836 | +55.6% |
| Other tangible fixed assets | 26 | €20,461 | €18,346 | -€2,115 | -10.3% |
| Current assets | 29/58 | €221,828 | €330,976 | +€109,148 | +49.2% |
| Amounts receivable within one year | 40/41 | €81,891 | €100,360 | +€18,469 | +22.6% |
| Trade receivables | 40 | €81,891 | €100,360 | +€18,469 | +22.6% |
| Current investments | 50/53 | - | €82,105 | +€82,105 | |
| Cash at bank and in hand | 54/58 | €132,935 | €146,169 | +€13,234 | +10.0% |
| Deferred charges and accrued income | 490/1 | €7,001 | €2,342 | -€4,659 | -66.5% |
| Total equity and liabilities | 10/49 | €243,792 | €355,262 | +€111,469 | +45.7% |
| Equity | 10/15 | €123,191 | €84,635 | -€38,557 | -31.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €118,191 | €79,635 | -€38,557 | -32.6% |
| Distributable reserves | 133 | €118,191 | €79,635 | -€38,557 | -32.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €120,601 | €270,627 | +€150,026 | +124% |
| Amounts payable within one year | 42/48 | €120,101 | €269,877 | +€149,776 | +125% |
| Trade debts | 44 | €3,857 | €2,972 | -€885 | -22.9% |
| Suppliers | 440/4 | €3,857 | €2,972 | -€885 | -22.9% |
| Taxes, remuneration and social security | 45 | €16,861 | €11,917 | -€4,945 | -29.3% |
| Taxes | 450/3 | €14,351 | €9,561 | -€4,790 | -33.4% |
| Remuneration and social security | 454/9 | €2,510 | €2,356 | -€154 | -6.1% |
| Other amounts payable | 47/48 | €99,383 | €254,988 | +€155,605 | +157% |
| Accrued charges and deferred income | 492/3 | €500 | €750 | +€250 | +50.0% |
| Remuneration, social security and pensions | 62 | - | €500 | +€500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,307 | €6,380 | +€1,073 | +20.2% |
| Other operating charges | 640/8 | €387 | - | -€387 | |
| Gross operating margin | 9900 | €205,202 | €265,535 | +€60,333 | +29.4% |
| Operating profit (loss) | 9901 | €199,508 | €258,656 | +€59,147 | +29.6% |
| Financial income | 75/76B | - | €150 | +€150 | |
| Recurring financial income | 75 | - | €150 | +€150 | |
| Financial charges | 65/66B | €438 | €418 | -€20 | -4.6% |
| Recurring financial charges | 65 | €438 | €418 | -€20 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | €199,070 | €258,387 | +€59,317 | +29.8% |
| Income taxes | 67/77 | €46,851 | €61,106 | +€14,254 | +30.4% |
| Profit (loss) for the period | 9904 | €152,219 | €197,282 | +€45,062 | +29.6% |
| Profit (loss) for the period to be appropriated | 9905 | €152,219 | €197,282 | +€45,062 | +29.6% |
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 24 October 2026 via checked.be.