PANIMMO: what changed
PANIMMO
Largest movements
- Cash -€4,834
down €4,834 (-83.8%), from €5,767 to €933
mainly Trade debts (-€3,810) and Other debts (-€1,511)
- Tangible fixed assets -€1,000
down €1,000 (-1.1%), from €89,354 to €88,354
of which Plant, machinery and equipment: -€1,000
- Trade debts -€3,810
down €3,810 (-94.8%), from €4,018 to €208
- Other debts -€1,511
down €1,511 (-57.5%), from €2,628 to €1,117
- Other operating charges +€3,137
up €3,137 (+2,658%), from €118 to €3,255
- Gross operating margin +€1,243
up €1,243 (+46.8%), from €2,655 to €3,898
- Depreciation +€746
up €746 (+294%), from €254 to €1,000
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €98,855 | €93,511 | -€5,344 | -5.4% |
| Fixed assets | 21/28 | €89,354 | €88,354 | -€1,000 | -1.1% |
| Tangible fixed assets | 22/27 | €89,354 | €88,354 | -€1,000 | -1.1% |
| Land and buildings | 22 | €86,608 | €86,608 | = | 0.0% |
| Plant, machinery and equipment | 23 | €2,746 | €1,746 | -€1,000 | -36.4% |
| Current assets | 29/58 | €9,501 | €5,157 | -€4,344 | -45.7% |
| Amounts receivable within one year | 40/41 | €3,734 | €4,224 | +€490 | +13.1% |
| Trade receivables | 40 | €3,625 | €4,224 | +€599 | +16.5% |
| Other amounts receivable | 41 | €109 | - | -€109 | |
| Cash at bank and in hand | 54/58 | €5,767 | €933 | -€4,834 | -83.8% |
| Total equity and liabilities | 10/49 | €98,855 | €93,511 | -€5,344 | -5.4% |
| Equity | 10/15 | €92,209 | €91,629 | -€580 | -0.6% |
| Contributions | 10/11 | €99,000 | €99,000 | = | 0.0% |
| Capital | 10 | €99,000 | €99,000 | = | 0.0% |
| Issued capital | 100 | €99,000 | €99,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,791 | -€7,371 | -€580 | -8.5% |
| Amounts payable | 17/49 | €6,646 | €1,883 | -€4,764 | -71.7% |
| Amounts payable within one year | 42/48 | €6,646 | €1,883 | -€4,764 | -71.7% |
| Trade debts | 44 | €4,018 | €208 | -€3,810 | -94.8% |
| Suppliers | 440/4 | €4,018 | €208 | -€3,810 | -94.8% |
| Taxes, remuneration and social security | 45 | - | €557 | +€557 | |
| Taxes | 450/3 | - | €557 | +€557 | |
| Other amounts payable | 47/48 | €2,628 | €1,117 | -€1,511 | -57.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €254 | €1,000 | +€746 | +294% |
| Other operating charges | 640/8 | €118 | €3,255 | +€3,137 | +2,658% |
| Gross operating margin | 9900 | €2,655 | €3,898 | +€1,243 | +46.8% |
| Operating profit (loss) | 9901 | €2,283 | -€357 | -€2,640 | |
| Financial charges | 65/66B | €200 | €223 | +€24 | +11.9% |
| Recurring financial charges | 65 | €200 | €223 | +€24 | +11.9% |
| Profit (loss) for the period before taxes | 9903 | €2,083 | -€580 | -€2,664 | |
| Profit (loss) for the period | 9904 | €2,083 | -€580 | -€2,664 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,083 | -€580 | -€2,664 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.