SWEET 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.
SWEET PANDA
Largest movements
- Intangible fixed assets -€31,370
down €31,370 (-77.0%), from €40,735 to €9,365
- Deferred charges and accrued income -€5,314
down €5,314 (-86.7%), from €6,128 to €815
- Receivables within one year -€4,504
down €4,504 (-54.4%), from €8,283 to €3,778
of which Trade receivables: -€3,831
- Tangible fixed assets -€2,896
down €2,896 (-35.3%), from €8,197 to €5,302
- Stocks and contracts -€2,500
down €2,500 (-71.4%), from €3,500 to €1,000
- Profit (loss) carried forward -€38,452
down €38,452, from €10,000 to -€28,451
- Other debts -€4,668
down €4,668 (-72.4%), from €6,446 to €1,777
- Trade debts -€2,787
down €2,787 (-55.2%), from €5,053 to €2,266
- Debts after one year -€2,000
down €2,000 (-5.1%), from €39,000 to €37,000
- Gross operating margin -€40,850
down €40,850 (-66.5%), from €61,413 to €20,563
- Staff costs -€28,421
down €28,421 (-58.2%), from €48,843 to €20,422
- Depreciation -€4,804
down €4,804 (-55.6%), from €8,646 to €3,842
- Other operating charges +€1,566
up €1,566 (+103%), from €1,525 to €3,091
- Financial charges -€852
down €852 (-40.8%), from €2,089 to €1,237
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 | €71,634 | €23,400 | -€48,234 | -67.3% |
| Fixed assets | 21/28 | €48,933 | €14,667 | -€34,266 | -70.0% |
| Intangible fixed assets | 21 | €40,735 | €9,365 | -€31,370 | -77.0% |
| Tangible fixed assets | 22/27 | €8,197 | €5,302 | -€2,896 | -35.3% |
| Land and buildings | 22 | €2,706 | €1,581 | -€1,125 | -41.6% |
| Plant, machinery and equipment | 23 | €3,919 | €2,924 | -€995 | -25.4% |
| Furniture and vehicles | 24 | €1,573 | €797 | -€776 | -49.3% |
| Current assets | 29/58 | €22,701 | €8,734 | -€13,968 | -61.5% |
| Stocks and contracts in progress | 3 | €3,500 | €1,000 | -€2,500 | -71.4% |
| Stocks | 30/36 | €3,500 | €1,000 | -€2,500 | -71.4% |
| Amounts receivable within one year | 40/41 | €8,283 | €3,778 | -€4,504 | -54.4% |
| Trade receivables | 40 | €7,601 | €3,771 | -€3,831 | -50.4% |
| Other amounts receivable | 41 | €681 | €7 | -€674 | -98.9% |
| Cash at bank and in hand | 54/58 | €4,790 | €3,140 | -€1,649 | -34.4% |
| Deferred charges and accrued income | 490/1 | €6,128 | €815 | -€5,314 | -86.7% |
| Total equity and liabilities | 10/49 | €71,634 | €23,400 | -€48,234 | -67.3% |
| Equity | 10/15 | €15,000 | -€23,451 | -€38,452 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,000 | -€28,451 | -€38,452 | |
| Amounts payable | 17/49 | €56,633 | €46,852 | -€9,782 | -17.3% |
| Amounts payable after more than one year | 17 | €39,000 | €37,000 | -€2,000 | -5.1% |
| Financial debts | 170/4 | €39,000 | €37,000 | -€2,000 | -5.1% |
| Amounts payable within one year | 42/48 | €17,447 | €9,852 | -€7,595 | -43.5% |
| Trade debts | 44 | €5,053 | €2,266 | -€2,787 | -55.2% |
| Suppliers | 440/4 | €5,053 | €2,266 | -€2,787 | -55.2% |
| Taxes, remuneration and social security | 45 | €5,949 | €5,809 | -€140 | -2.4% |
| Taxes | 450/3 | €661 | €1,308 | +€647 | +98.0% |
| Remuneration and social security | 454/9 | €5,289 | €4,501 | -€787 | -14.9% |
| Other amounts payable | 47/48 | €6,446 | €1,777 | -€4,668 | -72.4% |
| Accrued charges and deferred income | 492/3 | €186 | - | -€186 | |
| Remuneration, social security and pensions | 62 | €48,843 | €20,422 | -€28,421 | -58.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,646 | €3,842 | -€4,804 | -55.6% |
| Other operating charges | 640/8 | €1,525 | €3,091 | +€1,566 | +103% |
| Non-recurring operating charges | 66A | - | €30,424 | +€30,424 | |
| Gross operating margin | 9900 | €61,413 | €20,563 | -€40,850 | -66.5% |
| Operating profit (loss) | 9901 | €2,399 | -€37,216 | -€39,615 | |
| Financial income | 75/76B | €54 | €1 | -€53 | -98.5% |
| Recurring financial income | 75 | €54 | €1 | -€53 | -98.5% |
| Financial charges | 65/66B | €2,089 | €1,237 | -€852 | -40.8% |
| Recurring financial charges | 65 | €2,089 | €1,237 | -€852 | -40.8% |
| Profit (loss) for the period before taxes | 9903 | €363 | -€38,452 | -€38,815 | |
| Income taxes | 67/77 | €79 | - | -€79 | |
| Profit (loss) for the period | 9904 | €285 | -€38,452 | -€38,736 | |
| Profit (loss) for the period to be appropriated | 9905 | €285 | -€38,452 | -€38,736 |
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 21 October 2026 via checked.be.