PANIER NATURE: 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.
PANIER NATURE
Largest movements
- Cash +€26,943
up €26,943 (+188%), from €14,329 to €41,273
mainly Net result for the year (+€19,356) and Trade debts (+€17,883)
- Receivables within one year +€18,475
up €18,475 (+142%), from €13,050 to €31,525
of which Trade receivables: +€18,085
- Receivables after one year -€3,997
down €3,997 (-100%), from €3,997 to €0
- Tangible fixed assets -€2,388
down €2,388 (-35.0%), from €6,829 to €4,442
of which Other tangible fixed assets: -€2,456
- Profit (loss) carried forward +€19,356
up €19,356, from -€18,896 to €461
- Trade debts +€17,883
up €17,883 (+85.8%), from €20,846 to €38,729
- Tax, wage and social debts +€1,417
up €1,417 (+14.9%), from €9,543 to €10,960
of which Remuneration and social security: +€2,284
- Staff costs +€26,098
up €26,098 (+40.3%), from €64,824 to €90,922
- Gross operating margin +€20,672
up €20,672 (+19.4%), from €106,757 to €127,429
- Taxes +€7,415
up €7,415 (+4,170%), from €178 to €7,593
- Depreciation +€1,796
up €1,796 (+58.4%), from €3,075 to €4,871
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 | €63,681 | €102,769 | +€39,088 | +61.4% |
| Fixed assets | 21/28 | €7,079 | €4,692 | -€2,388 | -33.7% |
| Tangible fixed assets | 22/27 | €6,829 | €4,442 | -€2,388 | -35.0% |
| Plant, machinery and equipment | 23 | €1,415 | €2,147 | +€732 | +51.7% |
| Furniture and vehicles | 24 | €664 | €0 | -€664 | -100% |
| Other tangible fixed assets | 26 | €4,750 | €2,295 | -€2,456 | -51.7% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €56,602 | €98,077 | +€41,476 | +73.3% |
| Amounts receivable after more than one year | 29 | €3,997 | €0 | -€3,997 | -100% |
| Other amounts receivable | 291 | €3,997 | €0 | -€3,997 | -100% |
| Stocks and contracts in progress | 3 | €22,997 | €23,878 | +€881 | +3.8% |
| Stocks | 30/36 | €22,997 | €23,878 | +€881 | +3.8% |
| Amounts receivable within one year | 40/41 | €13,050 | €31,525 | +€18,475 | +142% |
| Trade receivables | 40 | €10,575 | €28,660 | +€18,085 | +171% |
| Other amounts receivable | 41 | €2,476 | €2,865 | +€389 | +15.7% |
| Cash at bank and in hand | 54/58 | €14,329 | €41,273 | +€26,943 | +188% |
| Deferred charges and accrued income | 490/1 | €2,228 | €1,402 | -€826 | -37.1% |
| Total equity and liabilities | 10/49 | €63,681 | €102,769 | +€39,088 | +61.4% |
| Equity | 10/15 | €33,292 | €52,649 | +€19,356 | +58.1% |
| Contributions | 10/11 | €26,200 | €26,200 | = | 0.0% |
| Reserves | 13 | €25,988 | €25,988 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,620 | €2,620 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,620 | €2,620 | = | 0.0% |
| Distributable reserves | 133 | €23,368 | €23,368 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,896 | €461 | +€19,356 | |
| Amounts payable | 17/49 | €30,389 | €50,120 | +€19,732 | +64.9% |
| Amounts payable within one year | 42/48 | €30,389 | €50,120 | +€19,732 | +64.9% |
| Trade debts | 44 | €20,846 | €38,729 | +€17,883 | +85.8% |
| Suppliers | 440/4 | €20,846 | €38,729 | +€17,883 | +85.8% |
| Taxes, remuneration and social security | 45 | €9,543 | €10,960 | +€1,417 | +14.9% |
| Taxes | 450/3 | €866 | €0 | -€866 | -100% |
| Remuneration and social security | 454/9 | €8,677 | €10,960 | +€2,284 | +26.3% |
| Other amounts payable | 47/48 | €0 | €431 | +€431 | |
| Non-recurring operating income | 76A | €2,573 | €0 | -€2,573 | -100% |
| Remuneration, social security and pensions | 62 | €64,824 | €90,922 | +€26,098 | +40.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,075 | €4,871 | +€1,796 | +58.4% |
| Other operating charges | 640/8 | €3,978 | €4,198 | +€220 | +5.5% |
| Non-recurring operating charges | 66A | €408 | €0 | -€408 | -100% |
| Gross operating margin | 9900 | €106,757 | €127,429 | +€20,672 | +19.4% |
| Operating profit (loss) | 9901 | €34,472 | €27,438 | -€7,034 | -20.4% |
| Financial income | 75/76B | €313 | €564 | +€251 | +80.3% |
| Recurring financial income | 75 | €313 | €564 | +€251 | +80.3% |
| Financial charges | 65/66B | €1,164 | €1,053 | -€111 | -9.5% |
| Recurring financial charges | 65 | €1,164 | €1,053 | -€111 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | €33,621 | €26,949 | -€6,672 | -19.8% |
| Income taxes | 67/77 | €178 | €7,593 | +€7,415 | +4,170% |
| Profit (loss) for the period | 9904 | €33,443 | €19,356 | -€14,087 | -42.1% |
| Profit (loss) for the period to be appropriated | 9905 | €33,443 | €19,356 | -€14,087 | -42.1% |
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 28 October 2026 via checked.be.