Tribulation Panda: 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.
Tribulation Panda
Largest movements
- Receivables within one year +€10,317
up €10,317 (+18.8%), from €54,817 to €65,133
of which Other amounts receivable: +€18,135
- Cash +€2,876
up €2,876 (+151.7%), from €1,896 to €4,772
mainly Net result for the year (+€18,574) and Depreciation (+€2,047)
- Tangible fixed assets -€2,047
down €2,047 (-47.2%), from €4,337 to €2,290
- Reserves +€18,574
up €18,574 (+73.2%), from €25,377 to €43,951
of which Distributable reserves: +€18,574
- Tax, wage and social debts -€6,117
down €6,117 (-37.8%), from €16,184 to €10,068
- Short-term financial debts -€3,287
down €3,287 (-97.2%), from €3,381 to €94
- Trade debts +€1,371
up €1,371 (+40.7%), from €3,367 to €4,738
- Gross operating margin +€21,905
up €21,905 (+302.2%), from €7,248 to €29,153
- Taxes +€4,455
up €4,455 (+121.2%), from €3,676 to €8,131
- Financial income -€1,086
down €1,086 (-28.9%), from €3,765 to €2,678
- Depreciation -€750
down €750 (-26.8%), from €2,797 to €2,047
- Other operating charges +€631
up €631 (+56.9%), from €1,109 to €1,740
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 | €66,909 | €77,450 | +€10,542 | +15.8% |
| Fixed assets | 21/28 | €6,392 | €4,345 | -€2,047 | -32.0% |
| Tangible fixed assets | 22/27 | €4,337 | €2,290 | -€2,047 | -47.2% |
| Furniture and vehicles | 24 | €4,337 | €2,290 | -€2,047 | -47.2% |
| Financial fixed assets | 28 | €2,055 | €2,055 | = | 0.0% |
| Current assets | 29/58 | €60,516 | €73,105 | +€12,589 | +20.8% |
| Amounts receivable within one year | 40/41 | €54,817 | €65,133 | +€10,317 | +18.8% |
| Trade receivables | 40 | €16,771 | €8,952 | -€7,819 | -46.6% |
| Other amounts receivable | 41 | €38,046 | €56,182 | +€18,135 | +47.7% |
| Cash at bank and in hand | 54/58 | €1,896 | €4,772 | +€2,876 | +151.7% |
| Deferred charges and accrued income | 490/1 | €3,804 | €3,200 | -€604 | -15.9% |
| Total equity and liabilities | 10/49 | €66,909 | €77,450 | +€10,542 | +15.8% |
| Equity | 10/15 | €43,977 | €62,551 | +€18,574 | +42.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €25,377 | €43,951 | +€18,574 | +73.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €23,517 | €42,091 | +€18,574 | +79.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €22,932 | €14,900 | -€8,032 | -35.0% |
| Amounts payable within one year | 42/48 | €22,932 | €14,900 | -€8,032 | -35.0% |
| Financial debts | 43 | €3,381 | €94 | -€3,287 | -97.2% |
| Credit institutions | 430/8 | €3,381 | €94 | -€3,287 | -97.2% |
| Trade debts | 44 | €3,367 | €4,738 | +€1,371 | +40.7% |
| Suppliers | 440/4 | €3,367 | €4,738 | +€1,371 | +40.7% |
| Taxes, remuneration and social security | 45 | €16,184 | €10,068 | -€6,117 | -37.8% |
| Taxes | 450/3 | €16,184 | €10,068 | -€6,117 | -37.8% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,797 | €2,047 | -€750 | -26.8% |
| Other operating charges | 640/8 | €1,109 | €1,740 | +€631 | +56.9% |
| Gross operating margin | 9900 | €7,248 | €29,153 | +€21,905 | +302.2% |
| Operating profit (loss) | 9901 | €3,342 | €25,366 | +€22,024 | +659.0% |
| Financial income | 75/76B | €3,765 | €2,678 | -€1,086 | -28.9% |
| Recurring financial income | 75 | €3,765 | €2,678 | -€1,086 | -28.9% |
| Financial charges | 65/66B | €1,120 | €1,340 | +€219 | +19.6% |
| Recurring financial charges | 65 | €1,120 | €1,340 | +€219 | +19.6% |
| Profit (loss) for the period before taxes | 9903 | €5,986 | €26,705 | +€20,718 | +346.1% |
| Income taxes | 67/77 | €3,676 | €8,131 | +€4,455 | +121.2% |
| Profit (loss) for the period | 9904 | €2,311 | €18,574 | +€16,263 | +703.8% |
| Profit (loss) for the period to be appropriated | 9905 | €2,311 | €18,574 | +€16,263 | +703.8% |
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 8 October 2026 via checked.be.