Pansa Trading: 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.
Pansa Trading
Largest movements
- Receivables within one year -€3,861
down €3,861 (-89.8%), from €4,297 to €437
of which Trade receivables: -€3,713
- Tangible fixed assets -€3,278
down €3,278 (-15.2%), from €21,637 to €18,359
of which Other tangible fixed assets: -€2,000
- Deferred charges and accrued income -€1,927
down €1,927 (-70.3%), from €2,740 to €813
- Profit (loss) carried forward -€31,814
down €31,814 (-76.3%), from -€41,678 to -€73,492
- Other debts +€18,562
up €18,562 (+32.2%), from €57,727 to €76,290
- Accrued charges and deferred income +€3,950
up €3,950 (+33909.6%), from €12 to €3,962
- Depreciation +€2,200
up €2,200 (+204.1%), from €1,078 to €3,278
- Gross operating margin +€2,050
up €2,050 (+7.0%), from -€29,355 to -€27,305
- Other operating charges -€869
down €869 (-63.0%), from €1,379 to €510
- Financial charges -€653
down €653 (-59.0%), from €1,108 to €455
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 | €36,262 | €27,216 | -€9,046 | -24.9% |
| Fixed assets | 21/28 | €24,487 | €21,209 | -€3,278 | -13.4% |
| Tangible fixed assets | 22/27 | €21,637 | €18,359 | -€3,278 | -15.2% |
| Plant, machinery and equipment | 23 | €9,967 | €8,877 | -€1,089 | -10.9% |
| Furniture and vehicles | 24 | €1,676 | €1,487 | -€189 | -11.3% |
| Other tangible fixed assets | 26 | €9,995 | €7,995 | -€2,000 | -20.0% |
| Financial fixed assets | 28 | €2,850 | €2,850 | = | 0.0% |
| Current assets | 29/58 | €11,775 | €6,007 | -€5,767 | -49.0% |
| Amounts receivable within one year | 40/41 | €4,297 | €437 | -€3,861 | -89.8% |
| Trade receivables | 40 | €3,713 | €0 | -€3,713 | -100.0% |
| Other amounts receivable | 41 | €584 | €437 | -€148 | -25.3% |
| Cash at bank and in hand | 54/58 | €4,738 | €4,758 | +€21 | +0.4% |
| Deferred charges and accrued income | 490/1 | €2,740 | €813 | -€1,927 | -70.3% |
| Total equity and liabilities | 10/49 | €36,262 | €27,216 | -€9,046 | -24.9% |
| Equity | 10/15 | -€21,653 | -€53,467 | -€31,814 | -146.9% |
| Contributions | 10/11 | €20,025 | €20,025 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,678 | -€73,492 | -€31,814 | -76.3% |
| Amounts payable | 17/49 | €57,915 | €80,683 | +€22,768 | +39.3% |
| Amounts payable within one year | 42/48 | €57,904 | €76,721 | +€18,818 | +32.5% |
| Trade debts | 44 | €163 | €431 | +€269 | +165.1% |
| Suppliers | 440/4 | €163 | €431 | +€269 | +165.1% |
| Taxes, remuneration and social security | 45 | €14 | €0 | -€14 | -100.0% |
| Taxes | 450/3 | €14 | €0 | -€14 | -100.0% |
| Other amounts payable | 47/48 | €57,727 | €76,290 | +€18,562 | +32.2% |
| Accrued charges and deferred income | 492/3 | €12 | €3,962 | +€3,950 | +33909.6% |
| Remuneration, social security and pensions | 62 | €229 | €265 | +€37 | +16.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,078 | €3,278 | +€2,200 | +204.1% |
| Other operating charges | 640/8 | €1,379 | €510 | -€869 | -63.0% |
| Gross operating margin | 9900 | -€29,355 | -€27,305 | +€2,050 | +7.0% |
| Operating profit (loss) | 9901 | -€32,041 | -€31,359 | +€682 | +2.1% |
| Financial income | 75/76B | €133 | €0 | -€133 | -100.0% |
| Recurring financial income | 75 | €133 | €0 | -€133 | -100.0% |
| Financial charges | 65/66B | €1,108 | €455 | -€653 | -59.0% |
| Recurring financial charges | 65 | €1,108 | €455 | -€653 | -59.0% |
| Profit (loss) for the period before taxes | 9903 | -€33,016 | -€31,814 | +€1,202 | +3.6% |
| Profit (loss) for the period | 9904 | -€33,016 | -€31,814 | +€1,202 | +3.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€33,016 | -€31,814 | +€1,202 | +3.6% |
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 7 October 2026 via checked.be.