PANKERT AND ASSOCIATES: 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.
PANKERT AND ASSOCIATES
Largest movements
- Cash +€373,085
up €373,085 (+21.6%), from €1.7m to €2.1m
mainly Net result for the year (+€450,639) and Tax, wage and social debts (+€46,409)
- Receivables within one year -€23,398
down €23,398 (-96.7%), from €24,204 to €806
- Reserves +€360,639
up €360,639 (+26.4%), from €1.4m to €1.7m
- Other debts -€55,331
down €55,331 (-36.0%), from €153,713 to €98,382
- Tax, wage and social debts +€46,409
up €46,409 (+217%), from €21,369 to €67,778
- Gross operating margin +€187,431
up €187,431 (+39.8%), from €471,352 to €658,783
- Taxes +€60,563
up €60,563 (+41.8%), from €144,899 to €205,462
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 | €1,755,684 | €2,104,757 | +€349,072 | +19.9% |
| Fixed assets | 21/28 | €1,107 | €713 | -€394 | -35.6% |
| Tangible fixed assets | 22/27 | €1,107 | €713 | -€394 | -35.6% |
| Furniture and vehicles | 24 | €1,107 | €713 | -€394 | -35.6% |
| Current assets | 29/58 | €1,754,578 | €2,104,044 | +€349,466 | +19.9% |
| Amounts receivable within one year | 40/41 | €24,204 | €806 | -€23,398 | -96.7% |
| Trade receivables | 40 | €24,204 | €806 | -€23,398 | -96.7% |
| Cash at bank and in hand | 54/58 | €1,727,849 | €2,100,934 | +€373,085 | +21.6% |
| Deferred charges and accrued income | 490/1 | €2,525 | €2,304 | -€221 | -8.7% |
| Total equity and liabilities | 10/49 | €1,755,684 | €2,104,757 | +€349,072 | +19.9% |
| Equity | 10/15 | €1,573,260 | €1,933,899 | +€360,639 | +22.9% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €1,366,000 | €1,726,639 | +€360,639 | +26.4% |
| Distributable reserves | 133 | €1,366,000 | €1,726,639 | +€360,639 | +26.4% |
| Profit (loss) carried forward | 14 | €199,200 | €199,200 | = | 0.0% |
| Amounts payable | 17/49 | €182,424 | €170,858 | -€11,566 | -6.3% |
| Amounts payable within one year | 42/48 | €182,424 | €170,858 | -€11,566 | -6.3% |
| Financial debts | 43 | - | €480 | +€480 | |
| Credit institutions | 430/8 | - | €480 | +€480 | |
| Trade debts | 44 | €7,342 | €4,217 | -€3,124 | -42.6% |
| Suppliers | 440/4 | €7,342 | €4,217 | -€3,124 | -42.6% |
| Taxes, remuneration and social security | 45 | €21,369 | €67,778 | +€46,409 | +217% |
| Taxes | 450/3 | €21,369 | €67,778 | +€46,409 | +217% |
| Other amounts payable | 47/48 | €153,713 | €98,382 | -€55,331 | -36.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €535 | €394 | -€141 | -26.4% |
| Gross operating margin | 9900 | €471,352 | €658,783 | +€187,431 | +39.8% |
| Operating profit (loss) | 9901 | €470,817 | €658,389 | +€187,572 | +39.8% |
| Financial income | 75/76B | €17 | - | -€17 | |
| Recurring financial income | 75 | €17 | - | -€17 | |
| Financial charges | 65/66B | €2,623 | €2,288 | -€334 | -12.7% |
| Recurring financial charges | 65 | €2,623 | €2,288 | -€334 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | €468,211 | €656,100 | +€187,889 | +40.1% |
| Income taxes | 67/77 | €144,899 | €205,462 | +€60,563 | +41.8% |
| Profit (loss) for the period | 9904 | €323,312 | €450,639 | +€127,327 | +39.4% |
| Profit (loss) for the period to be appropriated | 9905 | €323,312 | €450,639 | +€127,327 | +39.4% |
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 22 October 2026 via checked.be.