Panisol Partitions: 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.
Panisol Partitions
Largest movements
- Current investments -€200,000
no longer reported in 2025 (was €200,000)
- Receivables within one year +€159,542
up €159,542 (+36.3%), from €439,194 to €598,736
of which Trade receivables: +€154,872
- Stocks and contracts +€78,577
up €78,577 (+35.4%), from €221,869 to €300,446
- Tangible fixed assets -€54,764
down €54,764 (-61.1%), from €89,582 to €34,818
of which Furniture and vehicles: -€46,472
- Cash +€12,535
up €12,535 (+6.0%), from €207,897 to €220,432
mainly Current investments (+€200,000) and Current portion of long-term debt (+€82,225)
- Current portion of long-term debt +€82,225
up €82,225 (+231%), from €35,526 to €117,751
- Reserves -€75,774
down €75,774 (-18.9%), from €401,514 to €325,740
- Debts after one year -€67,751
down €67,751 (-96.8%), from €69,966 to €2,215
- Advances received +€55,585
up €55,585 (+39.5%), from €140,629 to €196,213
- Gross operating margin -€155,364
down €155,364 (-29.4%), from €528,571 to €373,208
- Taxes -€29,225
down €29,225 (-98.7%), from €29,595 to €370
- Staff costs +€28,101
up €28,101 (+7.8%), from €360,376 to €388,477
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 | €1,169,153 | €1,158,392 | -€10,761 | -0.9% |
| Fixed assets | 21/28 | €93,542 | €38,778 | -€54,764 | -58.5% |
| Tangible fixed assets | 22/27 | €89,582 | €34,818 | -€54,764 | -61.1% |
| Plant, machinery and equipment | 23 | €20,292 | €12,000 | -€8,292 | -40.9% |
| Furniture and vehicles | 24 | €69,290 | €22,818 | -€46,472 | -67.1% |
| Financial fixed assets | 28 | €3,960 | €3,960 | = | 0.0% |
| Current assets | 29/58 | €1,075,612 | €1,119,614 | +€44,002 | +4.1% |
| Amounts receivable after more than one year | 29 | €6,652 | - | -€6,652 | |
| Other amounts receivable | 291 | €6,652 | - | -€6,652 | |
| Stocks and contracts in progress | 3 | €221,869 | €300,446 | +€78,577 | +35.4% |
| Stocks | 30/36 | €221,869 | €300,446 | +€78,577 | +35.4% |
| Amounts receivable within one year | 40/41 | €439,194 | €598,736 | +€159,542 | +36.3% |
| Trade receivables | 40 | €381,171 | €536,042 | +€154,872 | +40.6% |
| Other amounts receivable | 41 | €58,024 | €62,694 | +€4,670 | +8.0% |
| Current investments | 50/53 | €200,000 | - | -€200,000 | |
| Cash at bank and in hand | 54/58 | €207,897 | €220,432 | +€12,535 | +6.0% |
| Total equity and liabilities | 10/49 | €1,169,153 | €1,158,392 | -€10,761 | -0.9% |
| Equity | 10/15 | €470,080 | €394,306 | -€75,774 | -16.1% |
| Contributions | 10/11 | €68,566 | €68,566 | = | 0.0% |
| Reserves | 13 | €401,514 | €325,740 | -€75,774 | -18.9% |
| Distributable reserves | 133 | €401,514 | €325,740 | -€75,774 | -18.9% |
| Amounts payable | 17/49 | €699,073 | €764,086 | +€65,013 | +9.3% |
| Amounts payable after more than one year | 17 | €69,966 | €2,215 | -€67,751 | -96.8% |
| Financial debts | 170/4 | €69,966 | €2,215 | -€67,751 | -96.8% |
| Amounts payable within one year | 42/48 | €627,608 | €761,872 | +€134,264 | +21.4% |
| Current portion of amounts payable after more than one year | 42 | €35,526 | €117,751 | +€82,225 | +231% |
| Financial debts | 43 | €20,000 | €20,000 | = | 0.0% |
| Credit institutions | 430/8 | €20,000 | €20,000 | = | 0.0% |
| Trade debts | 44 | €403,064 | €399,994 | -€3,070 | -0.8% |
| Suppliers | 440/4 | €403,064 | €399,994 | -€3,070 | -0.8% |
| Advances received on contracts in progress | 46 | €140,629 | €196,213 | +€55,585 | +39.5% |
| Taxes, remuneration and social security | 45 | €27,579 | €27,303 | -€275 | -1.0% |
| Remuneration and social security | 454/9 | €27,579 | €27,303 | -€275 | -1.0% |
| Other amounts payable | 47/48 | €809 | €609 | -€200 | -24.7% |
| Accrued charges and deferred income | 492/3 | €1,500 | - | -€1,500 | |
| Remuneration, social security and pensions | 62 | €360,376 | €388,477 | +€28,101 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,604 | €54,764 | +€2,159 | +4.1% |
| Other operating charges | 640/8 | €4,573 | €4,455 | -€118 | -2.6% |
| Gross operating margin | 9900 | €528,571 | €373,208 | -€155,364 | -29.4% |
| Operating profit (loss) | 9901 | €111,018 | -€74,488 | -€185,506 | |
| Financial income | 75/76B | €2,125 | €1,118 | -€1,007 | -47.4% |
| Recurring financial income | 75 | €2,125 | €1,118 | -€1,007 | -47.4% |
| Financial charges | 65/66B | €4,922 | €2,034 | -€2,888 | -58.7% |
| Recurring financial charges | 65 | €4,922 | €2,034 | -€2,888 | -58.7% |
| Profit (loss) for the period before taxes | 9903 | €108,221 | -€75,404 | -€183,625 | |
| Income taxes | 67/77 | €29,595 | €370 | -€29,225 | -98.7% |
| Profit (loss) for the period | 9904 | €78,627 | -€75,774 | -€154,401 | |
| Profit (loss) for the period to be appropriated | 9905 | €78,627 | -€75,774 | -€154,401 |
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.