PANIMA: 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.
What changed
PANIMA
NACE 70.100, Activities of head offices
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
€509,883
2023 · €61,750+€448,133
Equity
€1.6m
2023 · €1.1m+€509,883
Cash
€2,642
2023 · €2,365+€277
Balance sheet total
€2.3m
2023 · €1.8m+€561,322
Largest movements
Assets
- Financial fixed assets +€455,000
up €455,000 (+32.3%), from €1.4m to €1.9m
- Receivables within one year +€118,133
up €118,133 (+5578.9%), from €2,118 to €120,250
of which Trade receivables: +€117,883
Equity and liabilities
- Profit (loss) carried forward +€509,883
up €509,883 (+29.2%), from -€1.7m to -€1.2m
- Other debts +€49,690
up €49,690 (+12.9%), from €383,923 to €433,612
Income statement
- Gross operating margin +€444,801
up €444,801 (+522.7%), from €85,101 to €529,903
From the 2023 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.
Result 2023
€61,750
Gross operating margin
+€444,801
Depreciation
+€1,415
Other operating charges
-€222
Financial income
+€1
Financial charges
+€2,091
Taxes
+€46
Result 2024
€509,883
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€459,277
Investment
-€459,000
Financing
€0
Cash 2023
€2,365
From operations (derived)
+€459,277
Net result for the year
+€509,883
Depreciation
+€15,873
Receivables within one year
-€118,133
Smaller working-capital items
+€88
Tax, wage and social debts
+€1,877
Other debts
+€49,690
Investment (derived)
-€459,000
Investment in fixed assets (net)
-€459,000
Cash 2024
€2,642
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,757,255 | €2,318,577 | +€561,322 | +31.9% |
| Fixed assets | 21/28 | €1,751,574 | €2,194,701 | +€443,127 | +25.3% |
| Tangible fixed assets | 22/27 | €341,134 | €329,261 | -€11,873 | -3.5% |
| Land and buildings | 22 | €334,027 | €319,361 | -€14,666 | -4.4% |
| Plant, machinery and equipment | 23 | €2,798 | €2,149 | -€649 | -23.2% |
| Furniture and vehicles | 24 | €309 | €3,751 | +€3,442 | +1114.0% |
| Other tangible fixed assets | 26 | €4,000 | €4,000 | = | 0.0% |
| Financial fixed assets | 28 | €1,410,439 | €1,865,439 | +€455,000 | +32.3% |
| Current assets | 29/58 | €5,681 | €123,876 | +€118,195 | +2080.5% |
| Amounts receivable within one year | 40/41 | €2,118 | €120,250 | +€118,133 | +5578.9% |
| Trade receivables | 40 | €2,118 | €120,000 | +€117,883 | +5567.1% |
| Other amounts receivable | 41 | - | €250 | +€250 | |
| Cash at bank and in hand | 54/58 | €2,365 | €2,642 | +€277 | +11.7% |
| Deferred charges and accrued income | 490/1 | €1,199 | €984 | -€215 | -18.0% |
| Total equity and liabilities | 10/49 | €1,757,255 | €2,318,577 | +€561,322 | +31.9% |
| Equity | 10/15 | €1,130,758 | €1,640,640 | +€509,883 | +45.1% |
| Contributions | 10/11 | €2,875,603 | €2,875,603 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,744,845 | -€1,234,963 | +€509,883 | +29.2% |
| Amounts payable | 17/49 | €626,497 | €677,936 | +€51,439 | +8.2% |
| Amounts payable after more than one year | 17 | €233,246 | €233,246 | = | 0.0% |
| Other amounts payable | 178/9 | €233,246 | €233,246 | = | 0.0% |
| Amounts payable within one year | 42/48 | €393,252 | €444,691 | +€51,439 | +13.1% |
| Trade debts | 44 | €6,125 | €5,998 | -€127 | -2.1% |
| Suppliers | 440/4 | €6,125 | €5,998 | -€127 | -2.1% |
| Taxes, remuneration and social security | 45 | €3,204 | €5,080 | +€1,877 | +58.6% |
| Taxes | 450/3 | €1,904 | €830 | -€1,073 | -56.4% |
| Remuneration and social security | 454/9 | €1,300 | €4,250 | +€2,950 | +226.9% |
| Other amounts payable | 47/48 | €383,923 | €433,612 | +€49,690 | +12.9% |
| Non-recurring operating income | 76A | - | €10,860 | +€10,860 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,288 | €15,873 | -€1,415 | -8.2% |
| Other operating charges | 640/8 | €3,275 | €3,497 | +€222 | +6.8% |
| Gross operating margin | 9900 | €85,101 | €529,903 | +€444,801 | +522.7% |
| Operating profit (loss) | 9901 | €64,538 | €510,532 | +€445,995 | +691.1% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €2,550 | €459 | -€2,091 | -82.0% |
| Recurring financial charges | 65 | €2,550 | €459 | -€2,091 | -82.0% |
| Profit (loss) for the period before taxes | 9903 | €61,988 | €510,075 | +€448,087 | +722.9% |
| Income taxes | 67/77 | €238 | €192 | -€46 | -19.4% |
| Profit (loss) for the period | 9904 | €61,750 | €509,883 | +€448,133 | +725.7% |
| Profit (loss) for the period to be appropriated | 9905 | €61,750 | €509,883 | +€448,133 | +725.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.