IMMO PANTHEON: 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.
IMMO PANTHEON
Largest movements
- Receivables within one year +€19,565
up €19,565 (+36.4%), from €53,753 to €73,318
of which Trade receivables: +€15,000
- Cash -€18,947
down €18,947 (-24.2%), from €78,183 to €59,236
mainly Receivables within one year (-€19,565) and Trade debts (-€3,247)
- Trade debts -€3,247
down €3,247 (-44.6%), from €7,279 to €4,032
- Profit (loss) carried forward +€2,079
up €2,079 (+5.0%), from €41,845 to €43,924
- Tax, wage and social debts +€1,785
up €1,785 (+68.6%), from €2,602 to €4,387
- Purchases and services +€100,615
new in 2025: €100,615
- Turnover +€100,500
new in 2025: €100,500
- Gross operating margin -€17,174
down €17,174 (-78.7%), from €21,818 to €4,644
- Other operating charges -€4,135
down €4,135 (-91.2%), from €4,534 to €400
- Taxes +€1,785
new in 2025: €1,785
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 | €131,937 | €132,554 | +€617 | +0.5% |
| Current assets | 29/58 | €131,937 | €132,554 | +€617 | +0.5% |
| Amounts receivable within one year | 40/41 | €53,753 | €73,318 | +€19,565 | +36.4% |
| Trade receivables | 40 | €49,821 | €64,821 | +€15,000 | +30.1% |
| Other amounts receivable | 41 | €3,932 | €8,496 | +€4,565 | +116% |
| Cash at bank and in hand | 54/58 | €78,183 | €59,236 | -€18,947 | -24.2% |
| Total equity and liabilities | 10/49 | €131,937 | €132,554 | +€617 | +0.5% |
| Equity | 10/15 | €56,099 | €58,179 | +€2,079 | +3.7% |
| Contributions | 10/11 | €12,395 | €12,395 | = | 0.0% |
| Contributions outside capital | 11 | - | €12,395 | +€12,395 | |
| Other | 1109/19 | - | €12,395 | +€12,395 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,845 | €43,924 | +€2,079 | +5.0% |
| Amounts payable | 17/49 | €75,837 | €74,375 | -€1,462 | -1.9% |
| Amounts payable within one year | 42/48 | €75,837 | €74,375 | -€1,462 | -1.9% |
| Trade debts | 44 | €7,279 | €4,032 | -€3,247 | -44.6% |
| Suppliers | 440/4 | €7,279 | €4,032 | -€3,247 | -44.6% |
| Advances received on contracts in progress | 46 | €65,000 | €65,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €2,602 | €4,387 | +€1,785 | +68.6% |
| Taxes | 450/3 | €2,602 | €4,387 | +€1,785 | +68.6% |
| Other amounts payable | 47/48 | €956 | €956 | = | 0.0% |
| Turnover | 70 | - | €100,500 | +€100,500 | |
| Non-recurring operating income | 76A | - | €4,759 | +€4,759 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €100,615 | +€100,615 | |
| Other operating charges | 640/8 | €4,534 | €400 | -€4,135 | -91.2% |
| Non-recurring operating charges | 66A | €180 | €227 | +€47 | +26.0% |
| Gross operating margin | 9900 | €21,818 | €4,644 | -€17,174 | -78.7% |
| Operating profit (loss) | 9901 | €17,104 | €4,017 | -€13,086 | -76.5% |
| Financial charges | 65/66B | €140 | €153 | +€13 | +9.2% |
| Recurring financial charges | 65 | €140 | €153 | +€13 | +9.2% |
| Profit (loss) for the period before taxes | 9903 | €16,963 | €3,864 | -€13,099 | -77.2% |
| Income taxes | 67/77 | - | €1,785 | +€1,785 | |
| Profit (loss) for the period | 9904 | €16,963 | €2,079 | -€14,884 | -87.7% |
| Profit (loss) for the period to be appropriated | 9905 | €16,963 | €2,079 | -€14,884 | -87.7% |
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 30 October 2026 via checked.be.