PETIT PANDOU: 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.
PETIT PANDOU
Largest movements
- Receivables within one year -€1.2m
down €1.2m (-86.9%), from €1.4m to €187,686
- Cash -€157,138
down €157,138 (-97.7%), from €160,776 to €3,638
mainly Other debts (-€1.2m) and Net result for the year (-€169,253)
- Other debts -€1.2m
down €1.2m (-92.3%), from €1.3m to €99,660
- Profit (loss) carried forward -€169,253
down €169,253 (-46.4%), from €364,483 to €195,230
- Accrued charges and deferred income -€54,373
down €54,373 (-98.9%), from €54,978 to €606
- Financial income -€247,870
down €247,870 (-76.8%), from €322,788 to €74,918
- Gross operating margin -€105,786
down €105,786, from €20,810 to -€84,975
- Taxes -€53,515
no longer reported in 2025 (was €53,515)
- Financial charges -€18,205
down €18,205 (-18.0%), from €100,862 to €82,657
- Staff costs -€14,320
down €14,320 (-26.2%), from €54,715 to €40,395
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 | €1,874,845 | €451,704 | -€1.4m | -75.9% |
| Fixed assets | 21/28 | €47,684 | €31,038 | -€16,645 | -34.9% |
| Tangible fixed assets | 22/27 | €47,684 | €31,038 | -€16,645 | -34.9% |
| Furniture and vehicles | 24 | €47,684 | €31,038 | -€16,645 | -34.9% |
| Current assets | 29/58 | €1,827,161 | €420,666 | -€1.4m | -77.0% |
| Amounts receivable within one year | 40/41 | €1,436,668 | €187,686 | -€1.2m | -86.9% |
| Other amounts receivable | 41 | €1,436,668 | €187,686 | -€1.2m | -86.9% |
| Current investments | 50/53 | €229,344 | €229,342 | -€2 | 0.0% |
| Cash at bank and in hand | 54/58 | €160,776 | €3,638 | -€157,138 | -97.7% |
| Deferred charges and accrued income | 490/1 | €373 | - | -€373 | |
| Total equity and liabilities | 10/49 | €1,874,845 | €451,704 | -€1.4m | -75.9% |
| Equity | 10/15 | €379,483 | €210,230 | -€169,253 | -44.6% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €364,483 | €195,230 | -€169,253 | -46.4% |
| Amounts payable | 17/49 | €1,495,362 | €241,474 | -€1.3m | -83.9% |
| Amounts payable within one year | 42/48 | €1,440,384 | €240,868 | -€1.2m | -83.3% |
| Trade debts | 44 | €387 | €387 | = | 0.0% |
| Suppliers | 440/4 | €387 | €387 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €146,122 | €140,821 | -€5,301 | -3.6% |
| Taxes | 450/3 | €127,825 | €127,825 | = | 0.0% |
| Remuneration and social security | 454/9 | €18,297 | €12,996 | -€5,301 | -29.0% |
| Other amounts payable | 47/48 | €1,293,874 | €99,660 | -€1.2m | -92.3% |
| Accrued charges and deferred income | 492/3 | €54,978 | €606 | -€54,373 | -98.9% |
| Remuneration, social security and pensions | 62 | €54,715 | €40,395 | -€14,320 | -26.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,186 | €17,971 | +€2,784 | +18.3% |
| Other operating charges | 640/8 | €14,796 | €17,924 | +€3,128 | +21.1% |
| Non-recurring operating charges | 66A | €1,907 | €250 | -€1,657 | -86.9% |
| Gross operating margin | 9900 | €20,810 | -€84,975 | -€105,786 | |
| Operating profit (loss) | 9901 | -€65,793 | -€161,515 | -€95,722 | -145% |
| Financial income | 75/76B | €322,788 | €74,918 | -€247,870 | -76.8% |
| Recurring financial income | 75 | €322,788 | €74,918 | -€247,870 | -76.8% |
| Financial charges | 65/66B | €100,862 | €82,657 | -€18,205 | -18.0% |
| Recurring financial charges | 65 | €100,862 | €82,657 | -€18,205 | -18.0% |
| Profit (loss) for the period before taxes | 9903 | €156,133 | -€169,253 | -€325,386 | |
| Income taxes | 67/77 | €53,515 | - | -€53,515 | |
| Profit (loss) for the period | 9904 | €102,619 | -€169,253 | -€271,872 | |
| Profit (loss) for the period to be appropriated | 9905 | €102,619 | -€169,253 | -€271,872 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.