PENSIOENMANAGER: 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.
PENSIOENMANAGER
Largest movements
- Intangible fixed assets -€29,132
down €29,132 (-27.6%), from €105,699 to €76,567
- Cash -€1,939
down €1,939 (-85.4%), from €2,270 to €331
mainly Net result for the year (-€52,260) and Debts after one year (-€14,803)
- Receivables within one year +€1,591
up €1,591 (+13.4%), from €11,906 to €13,497
of which Other amounts receivable: +€1,957
- Profit (loss) carried forward -€52,260
down €52,260 (-54.1%), from -€96,664 to -€148,924
- Other debts +€32,283
up €32,283 (+18.2%), from €177,442 to €209,724
- Debts after one year -€14,803
down €14,803 (-100.0%), from €14,803 to €0
- Trade debts +€4,604
up €4,604 (+107.7%), from €4,275 to €8,879
- Gross operating margin -€24,240
down €24,240, from €3,429 to -€20,812
- Write-downs -€10,500
down €10,500 (-100.0%), from €10,500 to €0
- Other operating charges -€10,094
down €10,094 (-96.3%), from €10,481 to €387
- Depreciation +€4,513
up €4,513 (+18.0%), from €25,119 to €29,632
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.
Cash bridge derived
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 | €121,552 | €90,840 | -€30,712 | -25.3% |
| Fixed assets | 21/28 | €106,644 | €77,012 | -€29,632 | -27.8% |
| Intangible fixed assets | 21 | €105,699 | €76,567 | -€29,132 | -27.6% |
| Tangible fixed assets | 22/27 | €945 | €445 | -€500 | -52.9% |
| Plant, machinery and equipment | 23 | €945 | €445 | -€500 | -52.9% |
| Current assets | 29/58 | €14,908 | €13,828 | -€1,080 | -7.2% |
| Amounts receivable within one year | 40/41 | €11,906 | €13,497 | +€1,591 | +13.4% |
| Trade receivables | 40 | €4,928 | €4,561 | -€366 | -7.4% |
| Other amounts receivable | 41 | €6,978 | €8,935 | +€1,957 | +28.0% |
| Cash at bank and in hand | 54/58 | €2,270 | €331 | -€1,939 | -85.4% |
| Deferred charges and accrued income | 490/1 | €732 | €0 | -€732 | -100.0% |
| Total equity and liabilities | 10/49 | €121,552 | €90,840 | -€30,712 | -25.3% |
| Equity | 10/15 | -€90,417 | -€142,677 | -€52,260 | -57.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €47 | €47 | = | 0.0% |
| Non-distributable reserves | 130/1 | €47 | €47 | = | 0.0% |
| Reserves not available under the articles | 1311 | €47 | €47 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€96,664 | -€148,924 | -€52,260 | -54.1% |
| Amounts payable | 17/49 | €211,969 | €233,517 | +€21,548 | +10.2% |
| Amounts payable after more than one year | 17 | €14,803 | €0 | -€14,803 | -100.0% |
| Financial debts | 170/4 | €14,803 | €0 | -€14,803 | -100.0% |
| Amounts payable within one year | 42/48 | €197,167 | €233,517 | +€36,350 | +18.4% |
| Current portion of amounts payable after more than one year | 42 | €3,387 | €2,877 | -€510 | -15.1% |
| Financial debts | 43 | €5,644 | €5,618 | -€26 | -0.5% |
| Credit institutions | 430/8 | €5,644 | €5,618 | -€26 | -0.5% |
| Trade debts | 44 | €4,275 | €8,879 | +€4,604 | +107.7% |
| Suppliers | 440/4 | €4,275 | €8,879 | +€4,604 | +107.7% |
| Taxes, remuneration and social security | 45 | €6,419 | €6,419 | = | 0.0% |
| Taxes | 450/3 | €6,419 | €6,419 | = | 0.0% |
| Other amounts payable | 47/48 | €177,442 | €209,724 | +€32,283 | +18.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,119 | €29,632 | +€4,513 | +18.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €10,500 | €0 | -€10,500 | -100.0% |
| Other operating charges | 640/8 | €10,481 | €387 | -€10,094 | -96.3% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €3,429 | -€20,812 | -€24,240 | |
| Operating profit (loss) | 9901 | -€42,672 | -€50,831 | -€8,160 | -19.1% |
| Financial income | 75/76B | €11 | €0 | -€11 | -100.0% |
| Recurring financial income | 75 | €11 | €0 | -€11 | -100.0% |
| Financial charges | 65/66B | €1,517 | €1,428 | -€89 | -5.9% |
| Recurring financial charges | 65 | €1,517 | €1,428 | -€89 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | -€44,178 | -€52,260 | -€8,082 | -18.3% |
| Profit (loss) for the period | 9904 | -€44,178 | -€52,260 | -€8,082 | -18.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€44,178 | -€52,260 | -€8,082 | -18.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.