PANISA: 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.
PANISA
Largest movements
- Receivables within one year -€1,929
down €1,929 (-10.0%), from €19,235 to €17,306
- Stocks and contracts -€1,307
no longer reported in 2022 (was €1,307)
- Tangible fixed assets -€807
no longer reported in 2022 (was €807)
- Cash +€433
up €433 (+35.2%), from €1,231 to €1,664
mainly Net result for the year (+€4,177) and Receivables within one year (+€1,929)
- Trade debts -€5,775
no longer reported in 2022 (was €5,775)
- Profit (loss) carried forward +€4,176
up €4,176 (+63.1%), from -€6,621 to -€2,445
- Short-term financial debts -€1,437
no longer reported in 2022 (was €1,437)
- Tax, wage and social debts -€574
down €574 (-25.8%), from €2,229 to €1,655
of which Taxes: -€1,080
- Turnover -€24,090
down €24,090 (-34.6%), from €69,541 to €45,451
- Purchases and services -€17,954
down €17,954 (-40.4%), from €44,487 to €26,533
- Staff costs -€11,658
down €11,658 (-43.0%), from €27,118 to €15,460
- Gross operating margin -€3,796
down €3,796 (-15.2%), from €25,054 to €21,258
- Other operating charges -€2,617
down €2,617 (-82.9%), from €3,155 to €538
From the 2021 result to the 2022 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.
Cash bridge derived
Derived from the 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €24,885 | €21,275 | -€3,610 | -14.5% |
| Fixed assets | 21/28 | €3,112 | €2,305 | -€807 | -25.9% |
| Tangible fixed assets | 22/27 | €807 | - | -€807 | |
| Plant, machinery and equipment | 23 | €807 | - | -€807 | |
| Financial fixed assets | 28 | €2,305 | €2,305 | = | 0.0% |
| Current assets | 29/58 | €21,773 | €18,970 | -€2,803 | -12.9% |
| Stocks and contracts in progress | 3 | €1,307 | - | -€1,307 | |
| Stocks | 30/36 | €1,307 | - | -€1,307 | |
| Amounts receivable within one year | 40/41 | €19,235 | €17,306 | -€1,929 | -10.0% |
| Other amounts receivable | 41 | €19,235 | €17,306 | -€1,929 | -10.0% |
| Cash at bank and in hand | 54/58 | €1,231 | €1,664 | +€433 | +35.2% |
| Total equity and liabilities | 10/49 | €24,885 | €21,275 | -€3,610 | -14.5% |
| Equity | 10/15 | €14,671 | €18,847 | +€4,176 | +28.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €2,700 | €2,700 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €841 | €841 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,621 | -€2,445 | +€4,176 | +63.1% |
| Provisions and deferred taxes | 16 | €773 | €773 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €773 | €773 | = | 0.0% |
| Pensions and similar obligations | 160 | €773 | €773 | = | 0.0% |
| Amounts payable | 17/49 | €9,441 | €1,655 | -€7,786 | -82.5% |
| Amounts payable within one year | 42/48 | €9,441 | €1,655 | -€7,786 | -82.5% |
| Financial debts | 43 | €1,437 | - | -€1,437 | |
| Credit institutions | 430/8 | €1,437 | - | -€1,437 | |
| Trade debts | 44 | €5,775 | - | -€5,775 | |
| Suppliers | 440/4 | €5,775 | - | -€5,775 | |
| Taxes, remuneration and social security | 45 | €2,229 | €1,655 | -€574 | -25.8% |
| Taxes | 450/3 | €1,080 | - | -€1,080 | |
| Remuneration and social security | 454/9 | €1,149 | €1,655 | +€506 | +44.0% |
| Turnover | 70 | €69,541 | €45,451 | -€24,090 | -34.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €44,487 | €26,533 | -€17,954 | -40.4% |
| Remuneration, social security and pensions | 62 | €27,118 | €15,460 | -€11,658 | -43.0% |
| Other operating charges | 640/8 | €3,155 | €538 | -€2,617 | -82.9% |
| Gross operating margin | 9900 | €25,054 | €21,258 | -€3,796 | -15.2% |
| Operating profit (loss) | 9901 | -€5,219 | €5,260 | +€10,479 | |
| Financial charges | 65/66B | €3,504 | €1,083 | -€2,421 | -69.1% |
| Recurring financial charges | 65 | €3,504 | €276 | -€3,228 | -92.1% |
| Non-recurring financial charges | 66B | - | €807 | +€807 | |
| Profit (loss) for the period before taxes | 9903 | -€8,723 | €4,177 | +€12,900 | |
| Profit (loss) for the period | 9904 | -€8,723 | €4,177 | +€12,900 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,723 | €4,177 | +€12,900 |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.