PANNISOFT: what changed
Two fiscal 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.
PANNISOFT
Largest movements
- Cash +€33,127
up €33,127 (+20.3%), from €162,970 to €196,098
mainly Net result for the year (+€66,776) and Depreciation (+€3,126)
- Receivables after one year +€19,331
new in 2025: €19,331
- Receivables within one year +€3,969
up €3,969 (+12.0%), from €33,170 to €37,139
of which Trade receivables: +€4,010
- Tangible fixed assets -€3,126
down €3,126 (-23.0%), from €13,613 to €10,487
- Profit (loss) carried forward +€66,776
up €66,776 (+36.5%), from €182,901 to €249,677
- Trade debts -€11,751
down €11,751 (-84.9%), from €13,838 to €2,087
- Gross operating margin +€17,389
up €17,389 (+24.8%), from €70,160 to €87,548
- Taxes +€3,660
up €3,660 (+26.7%), from €13,722 to €17,382
- Depreciation -€1,018
down €1,018 (-24.6%), from €4,144 to €3,126
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.
Cash bridge derived
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 | €211,691 | €266,621 | +€54,929 | +25.9% |
| Fixed assets | 21/28 | €13,913 | €10,787 | -€3,126 | -22.5% |
| Tangible fixed assets | 22/27 | €13,613 | €10,487 | -€3,126 | -23.0% |
| Plant, machinery and equipment | 23 | €13,613 | €10,487 | -€3,126 | -23.0% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €197,778 | €255,833 | +€58,056 | +29.4% |
| Amounts receivable after more than one year | 29 | - | €19,331 | +€19,331 | |
| Other amounts receivable | 291 | - | €19,331 | +€19,331 | |
| Amounts receivable within one year | 40/41 | €33,170 | €37,139 | +€3,969 | +12.0% |
| Trade receivables | 40 | €31,166 | €35,176 | +€4,010 | +12.9% |
| Other amounts receivable | 41 | €2,004 | €1,963 | -€41 | -2.0% |
| Cash at bank and in hand | 54/58 | €162,970 | €196,098 | +€33,127 | +20.3% |
| Deferred charges and accrued income | 490/1 | €1,638 | €3,267 | +€1,628 | +99.4% |
| Total equity and liabilities | 10/49 | €211,691 | €266,621 | +€54,929 | +25.9% |
| Equity | 10/15 | €185,901 | €252,677 | +€66,776 | +35.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €182,901 | €249,677 | +€66,776 | +36.5% |
| Amounts payable | 17/49 | €25,790 | €13,943 | -€11,847 | -45.9% |
| Amounts payable within one year | 42/48 | €25,790 | €13,943 | -€11,847 | -45.9% |
| Trade debts | 44 | €13,838 | €2,087 | -€11,751 | -84.9% |
| Suppliers | 440/4 | €13,838 | €2,087 | -€11,751 | -84.9% |
| Taxes, remuneration and social security | 45 | €11,952 | €11,856 | -€96 | -0.8% |
| Taxes | 450/3 | €11,952 | €9,429 | -€2,523 | -21.1% |
| Remuneration and social security | 454/9 | - | €2,427 | +€2,427 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,144 | €3,126 | -€1,018 | -24.6% |
| Other operating charges | 640/8 | €525 | €543 | +€17 | +3.2% |
| Gross operating margin | 9900 | €70,160 | €87,548 | +€17,389 | +24.8% |
| Operating profit (loss) | 9901 | €65,490 | €83,880 | +€18,390 | +28.1% |
| Financial income | 75/76B | €6 | €370 | +€365 | +6603.8% |
| Recurring financial income | 75 | €6 | €370 | +€365 | +6603.8% |
| Financial charges | 65/66B | €84 | €92 | +€8 | +9.8% |
| Recurring financial charges | 65 | €84 | €92 | +€8 | +9.8% |
| Profit (loss) for the period before taxes | 9903 | €65,411 | €84,157 | +€18,746 | +28.7% |
| Income taxes | 67/77 | €13,722 | €17,382 | +€3,660 | +26.7% |
| Profit (loss) for the period | 9904 | €51,690 | €66,776 | +€15,086 | +29.2% |
| Profit (loss) for the period to be appropriated | 9905 | €51,690 | €66,776 | +€15,086 | +29.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.