PANIFOODS: 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.
PANIFOODS
Largest movements
- Cash +€14,503
up €14,503 (+748%), from €1,940 to €16,443
mainly Trade debts (+€17,226) and Depreciation (+€11,710)
- Stocks and contracts +€10,767
up €10,767 (+14.6%), from €73,524 to €84,291
- Tangible fixed assets -€8,090
down €8,090 (-16.4%), from €49,433 to €41,343
of which Furniture and vehicles: -€7,203
- Receivables within one year -€2,833
down €2,833 (-4.2%), from €67,479 to €64,646
of which Other amounts receivable: -€2,918
- Trade debts +€17,226
up €17,226 (+13.9%), from €123,984 to €141,210
- Profit (loss) carried forward +€8,768
up €8,768 (+22.6%), from -€38,833 to -€30,065
- Other debts -€8,144
down €8,144 (-13.2%), from €61,536 to €53,392
- Debts after one year -€6,741
down €6,741 (-24.5%), from €27,493 to €20,752
- Tax, wage and social debts +€2,589
new in 2025: €2,589
- Depreciation +€7,244
up €7,244 (+162%), from €4,466 to €11,710
- Taxes +€2,251
new in 2025: €2,251
- Gross operating margin -€2,144
down €2,144 (-8.0%), from €26,908 to €24,764
- Financial charges +€1,234
up €1,234 (+143%), from €865 to €2,099
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 | €193,138 | €207,119 | +€13,982 | +7.2% |
| Fixed assets | 21/28 | €49,433 | €41,343 | -€8,090 | -16.4% |
| Tangible fixed assets | 22/27 | €49,433 | €41,343 | -€8,090 | -16.4% |
| Plant, machinery and equipment | 23 | €1,773 | €887 | -€887 | -50.0% |
| Furniture and vehicles | 24 | €47,659 | €40,456 | -€7,203 | -15.1% |
| Current assets | 29/58 | €143,705 | €165,776 | +€22,071 | +15.4% |
| Stocks and contracts in progress | 3 | €73,524 | €84,291 | +€10,767 | +14.6% |
| Stocks | 30/36 | €73,524 | €84,291 | +€10,767 | +14.6% |
| Amounts receivable within one year | 40/41 | €67,479 | €64,646 | -€2,833 | -4.2% |
| Trade receivables | 40 | €59,111 | €59,196 | +€86 | +0.1% |
| Other amounts receivable | 41 | €8,368 | €5,450 | -€2,918 | -34.9% |
| Cash at bank and in hand | 54/58 | €1,940 | €16,443 | +€14,503 | +748% |
| Deferred charges and accrued income | 490/1 | €762 | €396 | -€366 | -48.0% |
| Total equity and liabilities | 10/49 | €193,138 | €207,119 | +€13,982 | +7.2% |
| Equity | 10/15 | -€26,333 | -€17,565 | +€8,768 | +33.3% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,833 | -€30,065 | +€8,768 | +22.6% |
| Amounts payable | 17/49 | €219,470 | €224,684 | +€5,214 | +2.4% |
| Amounts payable after more than one year | 17 | €27,493 | €20,752 | -€6,741 | -24.5% |
| Financial debts | 170/4 | €27,493 | €20,752 | -€6,741 | -24.5% |
| Amounts payable within one year | 42/48 | €191,977 | €203,932 | +€11,955 | +6.2% |
| Current portion of amounts payable after more than one year | 42 | €6,457 | €6,741 | +€284 | +4.4% |
| Trade debts | 44 | €123,984 | €141,210 | +€17,226 | +13.9% |
| Suppliers | 440/4 | €123,984 | €141,210 | +€17,226 | +13.9% |
| Taxes, remuneration and social security | 45 | - | €2,589 | +€2,589 | |
| Taxes | 450/3 | - | €2,589 | +€2,589 | |
| Other amounts payable | 47/48 | €61,536 | €53,392 | -€8,144 | -13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,466 | €11,710 | +€7,244 | +162% |
| Gross operating margin | 9900 | €26,908 | €24,764 | -€2,144 | -8.0% |
| Operating profit (loss) | 9901 | €22,442 | €13,054 | -€9,388 | -41.8% |
| Financial income | 75/76B | €60 | €64 | +€4 | +6.0% |
| Recurring financial income | 75 | €60 | €64 | +€4 | +6.0% |
| Financial charges | 65/66B | €865 | €2,099 | +€1,234 | +143% |
| Recurring financial charges | 65 | €865 | €2,099 | +€1,234 | +143% |
| Profit (loss) for the period before taxes | 9903 | €21,637 | €11,019 | -€10,619 | -49.1% |
| Income taxes | 67/77 | - | €2,251 | +€2,251 | |
| Profit (loss) for the period | 9904 | €21,637 | €8,768 | -€12,870 | -59.5% |
| Profit (loss) for the period to be appropriated | 9905 | €21,637 | €8,768 | -€12,870 | -59.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.