PANNIS: 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.
PANNIS
Largest movements
- Receivables within one year +€25,799
up €25,799 (+165%), from €15,676 to €41,475
of which Other amounts receivable: +€22,910
- Tangible fixed assets -€3,053
down €3,053 (-27.7%), from €11,018 to €7,965
of which Furniture and vehicles: -€2,484
- Reserves +€21,037
up €21,037 (+301%), from €6,982 to €28,019
- Tax, wage and social debts +€9,106
up €9,106 (+375%), from €2,430 to €11,535
of which Taxes: +€7,303
- Trade debts -€7,231
down €7,231 (-41.4%), from €17,471 to €10,240
- Gross operating margin +€21,666
up €21,666 (+236%), from €9,185 to €30,851
- Taxes +€4,568
up €4,568 (+357%), from €1,279 to €5,847
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €26,982 | €49,899 | +€22,917 | +84.9% |
| Fixed assets | 21/28 | €11,018 | €7,965 | -€3,053 | -27.7% |
| Tangible fixed assets | 22/27 | €11,018 | €7,965 | -€3,053 | -27.7% |
| Plant, machinery and equipment | 23 | €1,138 | €569 | -€569 | -50.0% |
| Furniture and vehicles | 24 | €9,880 | €7,396 | -€2,484 | -25.1% |
| Current assets | 29/58 | €15,964 | €41,934 | +€25,970 | +163% |
| Amounts receivable within one year | 40/41 | €15,676 | €41,475 | +€25,799 | +165% |
| Trade receivables | 40 | €12,482 | €15,371 | +€2,889 | +23.1% |
| Other amounts receivable | 41 | €3,194 | €26,104 | +€22,910 | +717% |
| Cash at bank and in hand | 54/58 | €288 | €0 | -€288 | -100% |
| Deferred charges and accrued income | 490/1 | €0 | €459 | +€459 | |
| Total equity and liabilities | 10/49 | €26,982 | €49,899 | +€22,917 | +84.9% |
| Equity | 10/15 | €7,082 | €28,119 | +€21,037 | +297% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €6,982 | €28,019 | +€21,037 | +301% |
| Distributable reserves | 133 | €6,982 | €28,019 | +€21,037 | +301% |
| Amounts payable | 17/49 | €19,900 | €21,780 | +€1,880 | +9.4% |
| Amounts payable within one year | 42/48 | €19,900 | €21,780 | +€1,880 | +9.4% |
| Financial debts | 43 | - | €5 | +€5 | |
| Credit institutions | 430/8 | - | €5 | +€5 | |
| Trade debts | 44 | €17,471 | €10,240 | -€7,231 | -41.4% |
| Suppliers | 440/4 | €17,471 | €10,240 | -€7,231 | -41.4% |
| Taxes, remuneration and social security | 45 | €2,430 | €11,535 | +€9,106 | +375% |
| Taxes | 450/3 | €2,430 | €9,733 | +€7,303 | +301% |
| Remuneration and social security | 454/9 | - | €1,803 | +€1,803 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,053 | €3,053 | = | 0.0% |
| Other operating charges | 640/8 | €483 | €375 | -€107 | -22.2% |
| Gross operating margin | 9900 | €9,185 | €30,851 | +€21,666 | +236% |
| Operating profit (loss) | 9901 | €5,649 | €27,422 | +€21,773 | +385% |
| Financial income | 75/76B | €247 | €376 | +€129 | +52.0% |
| Recurring financial income | 75 | €247 | €376 | +€129 | +52.0% |
| Financial charges | 65/66B | €833 | €914 | +€80 | +9.6% |
| Recurring financial charges | 65 | €833 | €914 | +€80 | +9.6% |
| Profit (loss) for the period before taxes | 9903 | €5,063 | €26,884 | +€21,821 | +431% |
| Income taxes | 67/77 | €1,279 | €5,847 | +€4,568 | +357% |
| Profit (loss) for the period | 9904 | €3,784 | €21,037 | +€17,253 | +456% |
| Profit (loss) for the period to be appropriated | 9905 | €3,784 | €21,037 | +€17,253 | +456% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.