PANOWOOD: 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.
PANOWOOD
Largest movements
- Cash -€9,815
down €9,815 (-96.7%), from €10,155 to €340
mainly Receivables within one year (-€7,190) and Net result for the year (-€1,917)
- Receivables within one year +€7,190
up €7,190 (+2,736%), from €263 to €7,453
of which Other amounts receivable: +€6,685
- Profit (loss) carried forward -€1,917
down €1,917 (-13.4%), from -€14,291 to -€16,207
- Other debts -€369
down €369 (-100%), from €369 to €0
- Trade debts -€339
down €339 (-100%), from €339 to €0
- Gross operating margin +€5,790
up €5,790 (+80.9%), from -€7,154 to -€1,364
- Other operating charges -€355
down €355 (-40.9%), from €869 to €513
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 | €10,418 | €7,793 | -€2,625 | -25.2% |
| Current assets | 29/58 | €10,418 | €7,793 | -€2,625 | -25.2% |
| Amounts receivable within one year | 40/41 | €263 | €7,453 | +€7,190 | +2,736% |
| Trade receivables | 40 | - | €505 | +€505 | |
| Other amounts receivable | 41 | €263 | €6,948 | +€6,685 | +2,544% |
| Cash at bank and in hand | 54/58 | €10,155 | €340 | -€9,815 | -96.7% |
| Total equity and liabilities | 10/49 | €10,418 | €7,793 | -€2,625 | -25.2% |
| Equity | 10/15 | €9,709 | €7,793 | -€1,917 | -19.7% |
| Contributions | 10/11 | €24,000 | €24,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,291 | -€16,207 | -€1,917 | -13.4% |
| Amounts payable | 17/49 | €708 | €0 | -€708 | -100% |
| Amounts payable within one year | 42/48 | €708 | €0 | -€708 | -100% |
| Trade debts | 44 | €339 | €0 | -€339 | -100% |
| Suppliers | 440/4 | €339 | €0 | -€339 | -100% |
| Other amounts payable | 47/48 | €369 | €0 | -€369 | -100% |
| Other operating charges | 640/8 | €869 | €513 | -€355 | -40.9% |
| Gross operating margin | 9900 | -€7,154 | -€1,364 | +€5,790 | +80.9% |
| Operating profit (loss) | 9901 | -€8,023 | -€1,877 | +€6,146 | +76.6% |
| Financial charges | 65/66B | €40 | €39 | -€1 | -3.2% |
| Recurring financial charges | 65 | €40 | €39 | -€1 | -3.2% |
| Profit (loss) for the period before taxes | 9903 | -€8,063 | -€1,917 | +€6,147 | +76.2% |
| Profit (loss) for the period | 9904 | -€8,063 | -€1,917 | +€6,147 | +76.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,063 | -€1,917 | +€6,147 | +76.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.