PANTA RHEI: 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.
PANTA RHEI
Largest movements
- Receivables within one year +€18,836
up €18,836 (+103%), from €18,286 to €37,122
of which Other amounts receivable: +€27,160
- Receivables after one year +€2,832
up €2,832 (+2.0%), from €141,974 to €144,807
- Reserves +€19,541
up €19,541 (+18.3%), from €106,836 to €126,377
of which Distributable reserves: +€19,541
- Trade debts +€7,367
up €7,367 (+189%), from €3,907 to €11,275
- Other debts -€5,618
no longer reported in 2024 (was €5,618)
- Tax, wage and social debts -€4,998
down €4,998 (-13.5%), from €36,908 to €31,910
- Current portion of long-term debt +€4,000
new in 2024: €4,000
- Gross operating margin -€16,703
down €16,703 (-33.7%), from €49,492 to €32,790
- Taxes -€5,598
down €5,598 (-33.6%), from €16,658 to €11,060
- Financial charges +€2,767
up €2,767 (+253%), from €1,092 to €3,859
- Other operating charges +€852
up €852 (+68.1%), from €1,252 to €2,104
From the 2023 result to the 2024 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €164,296 | €184,375 | +€20,079 | +12.2% |
| Fixed assets | 21/28 | €4,035 | €2,446 | -€1,589 | -39.4% |
| Tangible fixed assets | 22/27 | €4,035 | €2,446 | -€1,589 | -39.4% |
| Plant, machinery and equipment | 23 | €1,623 | €712 | -€911 | -56.1% |
| Furniture and vehicles | 24 | €2,412 | €1,734 | -€678 | -28.1% |
| Current assets | 29/58 | €160,261 | €181,929 | +€21,668 | +13.5% |
| Amounts receivable after more than one year | 29 | €141,974 | €144,807 | +€2,832 | +2.0% |
| Other amounts receivable | 291 | €141,974 | €144,807 | +€2,832 | +2.0% |
| Amounts receivable within one year | 40/41 | €18,286 | €37,122 | +€18,836 | +103% |
| Trade receivables | 40 | €9,313 | €989 | -€8,324 | -89.4% |
| Other amounts receivable | 41 | €8,973 | €36,133 | +€27,160 | +303% |
| Total equity and liabilities | 10/49 | €164,296 | €184,375 | +€20,079 | +12.2% |
| Equity | 10/15 | €113,036 | €132,577 | +€19,541 | +17.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €106,836 | €126,377 | +€19,541 | +18.3% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €104,976 | €124,518 | +€19,541 | +18.6% |
| Amounts payable | 17/49 | €51,260 | €51,798 | +€538 | +1.0% |
| Amounts payable within one year | 42/48 | €51,260 | €51,231 | -€29 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | - | €4,000 | +€4,000 | |
| Financial debts | 43 | €4,827 | €4,047 | -€780 | -16.2% |
| Credit institutions | 430/8 | €4,827 | €4,047 | -€780 | -16.2% |
| Trade debts | 44 | €3,907 | €11,275 | +€7,367 | +189% |
| Suppliers | 440/4 | €3,907 | €11,275 | +€7,367 | +189% |
| Taxes, remuneration and social security | 45 | €36,908 | €31,910 | -€4,998 | -13.5% |
| Taxes | 450/3 | €36,908 | €31,910 | -€4,998 | -13.5% |
| Other amounts payable | 47/48 | €5,618 | - | -€5,618 | |
| Accrued charges and deferred income | 492/3 | - | €567 | +€567 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,540 | €1,589 | +€49 | +3.2% |
| Other operating charges | 640/8 | €1,252 | €2,104 | +€852 | +68.1% |
| Gross operating margin | 9900 | €49,492 | €32,790 | -€16,703 | -33.7% |
| Operating profit (loss) | 9901 | €46,701 | €29,096 | -€17,604 | -37.7% |
| Financial income | 75/76B | €5,017 | €5,365 | +€348 | +6.9% |
| Recurring financial income | 75 | €5,017 | €5,365 | +€348 | +6.9% |
| Financial charges | 65/66B | €1,092 | €3,859 | +€2,767 | +253% |
| Recurring financial charges | 65 | €1,092 | €3,859 | +€2,767 | +253% |
| Profit (loss) for the period before taxes | 9903 | €50,626 | €30,602 | -€20,024 | -39.6% |
| Income taxes | 67/77 | €16,658 | €11,060 | -€5,598 | -33.6% |
| Profit (loss) for the period | 9904 | €33,968 | €19,541 | -€14,426 | -42.5% |
| Profit (loss) for the period to be appropriated | 9905 | €33,968 | €19,541 | -€14,426 | -42.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2023 and 31 March 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.