PANIS CONCEPT: 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.
PANIS CONCEPT
Largest movements
- Cash +€237,489
up €237,489 (+5,937%), from €4,000 to €241,489
mainly Net result for the year (+€233,493) and Tax, wage and social debts (+€97,298)
- Receivables within one year +€138,019
new in 2025: €138,019
of which Trade receivables: +€129,345
- Stocks and contracts +€4,865
new in 2025: €4,865
- Profit (loss) carried forward +€233,493
up €233,493, from -€819 to €232,674
- Tax, wage and social debts +€97,298
new in 2025: €97,298
of which Taxes: +€82,802
- Trade debts +€47,006
new in 2025: €47,006
- Accrued charges and deferred income +€4,000
new in 2025: €4,000
- Gross operating margin +€485,906
new in 2025: €485,906
- Staff costs +€173,292
new in 2025: €173,292
- Taxes +€71,164
new in 2025: €71,164
- Other operating charges +€7,400
new in 2025: €7,400
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 | €4,409 | €384,978 | +€380,569 | +8,631% |
| Fixed assets | 21/28 | €409 | €605 | +€195 | +47.8% |
| Intangible fixed assets | 21 | €409 | - | -€409 | |
| Financial fixed assets | 28 | - | €605 | +€605 | |
| Current assets | 29/58 | €4,000 | €384,373 | +€380,373 | +9,509% |
| Stocks and contracts in progress | 3 | - | €4,865 | +€4,865 | |
| Stocks | 30/36 | - | €4,865 | +€4,865 | |
| Amounts receivable within one year | 40/41 | - | €138,019 | +€138,019 | |
| Trade receivables | 40 | - | €129,345 | +€129,345 | |
| Other amounts receivable | 41 | - | €8,674 | +€8,674 | |
| Cash at bank and in hand | 54/58 | €4,000 | €241,489 | +€237,489 | +5,937% |
| Total equity and liabilities | 10/49 | €4,409 | €384,978 | +€380,569 | +8,631% |
| Equity | 10/15 | €3,181 | €236,674 | +€233,493 | +7,339% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€819 | €232,674 | +€233,493 | |
| Amounts payable | 17/49 | €1,228 | €148,303 | +€147,075 | +11,977% |
| Amounts payable within one year | 42/48 | €1,228 | €144,303 | +€143,075 | +11,651% |
| Trade debts | 44 | - | €47,006 | +€47,006 | |
| Suppliers | 440/4 | - | €47,006 | +€47,006 | |
| Taxes, remuneration and social security | 45 | - | €97,298 | +€97,298 | |
| Taxes | 450/3 | - | €82,802 | +€82,802 | |
| Remuneration and social security | 454/9 | - | €14,495 | +€14,495 | |
| Other amounts payable | 47/48 | €1,228 | - | -€1,228 | |
| Accrued charges and deferred income | 492/3 | - | €4,000 | +€4,000 | |
| Remuneration, social security and pensions | 62 | - | €173,292 | +€173,292 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €819 | €409 | -€409 | -50.0% |
| Other operating charges | 640/8 | - | €7,400 | +€7,400 | |
| Gross operating margin | 9900 | - | €485,906 | +€485,906 | |
| Operating profit (loss) | 9901 | -€819 | €304,805 | +€305,623 | |
| Financial income | 75/76B | - | €23 | +€23 | |
| Recurring financial income | 75 | - | €23 | +€23 | |
| Financial charges | 65/66B | - | €171 | +€171 | |
| Recurring financial charges | 65 | - | €171 | +€171 | |
| Profit (loss) for the period before taxes | 9903 | -€819 | €304,658 | +€305,476 | |
| Income taxes | 67/77 | - | €71,164 | +€71,164 | |
| Profit (loss) for the period | 9904 | -€819 | €233,493 | +€234,312 | |
| Profit (loss) for the period to be appropriated | 9905 | -€819 | €233,493 | +€234,312 |
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 14 October 2026 via checked.be.