LE PANTIN: 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.
LE PANTIN
Largest movements
- Cash -€39,286
down €39,286 (-33.1%), from €118,777 to €79,491
mainly Contributions, distributions and other (-€79,268) and Receivables within one year (-€32,060)
- Receivables within one year +€32,060
up €32,060 (+778%), from €4,121 to €36,181
of which Other amounts receivable: +€34,448
- Tangible fixed assets -€4,157
down €4,157 (-18.1%), from €23,022 to €18,865
- Deferred charges and accrued income +€3,220
up €3,220 (+4,227%), from €76 to €3,296
- Intangible fixed assets -€2,500
down €2,500 (-14.3%), from €17,500 to €15,000
- Profit (loss) carried forward -€17,679
down €17,679 (-95.2%), from €18,579 to €900
- Other debts +€11,589
up €11,589 (+15.7%), from €73,705 to €85,294
- Trade debts -€8,574
down €8,574 (-61.6%), from €13,927 to €5,353
- Tax, wage and social debts +€6,002
up €6,002 (+12.6%), from €47,785 to €53,787
of which Taxes: +€7,277
- Gross operating margin +€16,595
up €16,595 (+9.4%), from €176,454 to €193,049
- Taxes +€10,991
up €10,991 (+97.3%), from €11,299 to €22,290
- Staff costs -€5,782
down €5,782 (-6.0%), from €96,143 to €90,362
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 | €163,996 | €155,333 | -€8,663 | -5.3% |
| Fixed assets | 21/28 | €41,022 | €36,365 | -€4,657 | -11.4% |
| Intangible fixed assets | 21 | €17,500 | €15,000 | -€2,500 | -14.3% |
| Tangible fixed assets | 22/27 | €23,022 | €18,865 | -€4,157 | -18.1% |
| Plant, machinery and equipment | 23 | €474 | €144 | -€330 | -69.7% |
| Furniture and vehicles | 24 | €14,859 | €12,969 | -€1,890 | -12.7% |
| Other tangible fixed assets | 26 | €7,689 | €5,752 | -€1,936 | -25.2% |
| Financial fixed assets | 28 | €500 | €2,500 | +€2,000 | +400% |
| Current assets | 29/58 | €122,974 | €118,968 | -€4,006 | -3.3% |
| Amounts receivable within one year | 40/41 | €4,121 | €36,181 | +€32,060 | +778% |
| Trade receivables | 40 | €4,121 | €1,733 | -€2,388 | -58.0% |
| Other amounts receivable | 41 | - | €34,448 | +€34,448 | |
| Cash at bank and in hand | 54/58 | €118,777 | €79,491 | -€39,286 | -33.1% |
| Deferred charges and accrued income | 490/1 | €76 | €3,296 | +€3,220 | +4,227% |
| Total equity and liabilities | 10/49 | €163,996 | €155,333 | -€8,663 | -5.3% |
| Equity | 10/15 | €28,579 | €10,900 | -€17,679 | -61.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,579 | €900 | -€17,679 | -95.2% |
| Amounts payable | 17/49 | €135,417 | €144,434 | +€9,017 | +6.7% |
| Amounts payable within one year | 42/48 | €135,417 | €144,434 | +€9,017 | +6.7% |
| Trade debts | 44 | €13,927 | €5,353 | -€8,574 | -61.6% |
| Suppliers | 440/4 | €13,927 | €5,353 | -€8,574 | -61.6% |
| Taxes, remuneration and social security | 45 | €47,785 | €53,787 | +€6,002 | +12.6% |
| Taxes | 450/3 | €36,703 | €43,980 | +€7,277 | +19.8% |
| Remuneration and social security | 454/9 | €11,082 | €9,807 | -€1,276 | -11.5% |
| Other amounts payable | 47/48 | €73,705 | €85,294 | +€11,589 | +15.7% |
| Non-recurring operating income | 76A | - | €2,224 | +€2,224 | |
| Remuneration, social security and pensions | 62 | €96,143 | €90,362 | -€5,782 | -6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,469 | €11,755 | -€714 | -5.7% |
| Other operating charges | 640/8 | €1,284 | €1,325 | +€41 | +3.2% |
| Non-recurring operating charges | 66A | €3,474 | - | -€3,474 | |
| Gross operating margin | 9900 | €176,454 | €193,049 | +€16,595 | +9.4% |
| Operating profit (loss) | 9901 | €63,084 | €89,608 | +€26,524 | +42.0% |
| Financial income | 75/76B | €0 | €11 | +€11 | +22,340% |
| Recurring financial income | 75 | €0 | €11 | +€11 | +22,340% |
| Financial charges | 65/66B | €5,768 | €5,740 | -€28 | -0.5% |
| Recurring financial charges | 65 | €5,768 | €5,740 | -€28 | -0.5% |
| Profit (loss) for the period before taxes | 9903 | €57,316 | €83,879 | +€26,563 | +46.3% |
| Income taxes | 67/77 | €11,299 | €22,290 | +€10,991 | +97.3% |
| Profit (loss) for the period | 9904 | €46,017 | €61,589 | +€15,572 | +33.8% |
| Profit (loss) for the period to be appropriated | 9905 | €46,017 | €61,589 | +€15,572 | +33.8% |
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 27 October 2026 via checked.be.