SILICON PANDA: 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.
SILICON PANDA
Largest movements
- Receivables within one year +€11,502
up €11,502 (+40.1%), from €28,661 to €40,163
of which Trade receivables: +€9,798
- Cash -€7,654
down €7,654 (-18.8%), from €40,627 to €32,973
mainly Contributions, distributions and other (-€45,068) and Receivables within one year (-€11,502)
- Tangible fixed assets -€7,471
down €7,471 (-8.2%), from €90,980 to €83,508
of which Other tangible fixed assets: -€3,769
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€1,113
up €1,113 (+1.6%), from €71,713 to €72,826
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €200,876 | €198,061 | -€2,816 | -1.4% |
| Fixed assets | 21/28 | €90,980 | €83,508 | -€7,471 | -8.2% |
| Tangible fixed assets | 22/27 | €90,980 | €83,508 | -€7,471 | -8.2% |
| Land and buildings | 22 | €62,918 | €60,983 | -€1,935 | -3.1% |
| Furniture and vehicles | 24 | €4,215 | €2,447 | -€1,768 | -42.0% |
| Other tangible fixed assets | 26 | €23,847 | €20,078 | -€3,769 | -15.8% |
| Current assets | 29/58 | €109,897 | €114,553 | +€4,656 | +4.2% |
| Amounts receivable after more than one year | 29 | €35,000 | €35,000 | = | 0.0% |
| Other amounts receivable | 291 | €35,000 | €35,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €28,661 | €40,163 | +€11,502 | +40.1% |
| Trade receivables | 40 | €27,694 | €37,492 | +€9,798 | +35.4% |
| Other amounts receivable | 41 | €968 | €2,671 | +€1,703 | +176.0% |
| Cash at bank and in hand | 54/58 | €40,627 | €32,973 | -€7,654 | -18.8% |
| Deferred charges and accrued income | 490/1 | €5,608 | €6,417 | +€808 | +14.4% |
| Total equity and liabilities | 10/49 | €200,876 | €198,061 | -€2,816 | -1.4% |
| Equity | 10/15 | €187,387 | €187,793 | +€406 | +0.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €168,787 | €169,193 | +€406 | +0.2% |
| Distributable reserves | 133 | €168,787 | €169,193 | +€406 | +0.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €13,490 | €10,268 | -€3,222 | -23.9% |
| Amounts payable within one year | 42/48 | €13,490 | €10,268 | -€3,222 | -23.9% |
| Financial debts | 43 | €1,693 | €263 | -€1,430 | -84.5% |
| Credit institutions | 430/8 | €1,693 | €263 | -€1,430 | -84.5% |
| Trade debts | 44 | €622 | €576 | -€45 | -7.3% |
| Suppliers | 440/4 | €622 | €576 | -€45 | -7.3% |
| Taxes, remuneration and social security | 45 | €11,175 | €9,428 | -€1,747 | -15.6% |
| Taxes | 450/3 | €11,175 | €9,428 | -€1,747 | -15.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,947 | €7,471 | +€524 | +7.5% |
| Other operating charges | 640/8 | €1,076 | €1,526 | +€450 | +41.8% |
| Gross operating margin | 9900 | €71,713 | €72,826 | +€1,113 | +1.6% |
| Operating profit (loss) | 9901 | €63,690 | €63,829 | +€139 | +0.2% |
| Financial income | 75/76B | €953 | €1,025 | +€72 | +7.5% |
| Recurring financial income | 75 | €953 | €1,025 | +€72 | +7.5% |
| Financial charges | 65/66B | €2,530 | €1,921 | -€609 | -24.1% |
| Recurring financial charges | 65 | €2,530 | €1,921 | -€609 | -24.1% |
| Profit (loss) for the period before taxes | 9903 | €62,113 | €62,932 | +€819 | +1.3% |
| Income taxes | 67/77 | €17,045 | €17,458 | +€413 | +2.4% |
| Profit (loss) for the period | 9904 | €45,068 | €45,474 | +€406 | +0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €45,068 | €45,474 | +€406 | +0.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.