Panta Rhei: what changed
Panta Rhei
Largest movements
- Tangible fixed assets -€52,737
down €52,737 (-5.4%), from €978,439 to €925,702
of which Land and buildings: -€34,702
- Cash +€43,195
up €43,195 (+2,134%), from €2,025 to €45,220
mainly Depreciation (+€42,166) and Receivables within one year (+€38,849)
- Receivables within one year -€38,849
down €38,849 (-62.9%), from €61,744 to €22,895
of which Other amounts receivable: -€33,628
- Debts after one year -€40,373
down €40,373 (-13.7%), from €295,458 to €255,084
of which Financial debts: -€42,048
- Tax, wage and social debts -€10,821
down €10,821 (-27.5%), from €39,341 to €28,520
- Gross operating margin -€73,302
down €73,302 (-53.0%), from €138,322 to €65,020
- Taxes -€21,018
down €21,018 (-98.8%), from €21,268 to €250
- Other operating charges +€11,107
up €11,107 (+186%), from €5,956 to €17,062
- Depreciation -€4,560
down €4,560 (-9.8%), from €46,726 to €42,166
- Financial charges +€2,345
up €2,345 (+37.3%), from €6,290 to €8,636
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,044,343 | €993,817 | -€50,526 | -4.8% |
| Fixed assets | 21/28 | €978,439 | €925,702 | -€52,737 | -5.4% |
| Tangible fixed assets | 22/27 | €978,439 | €925,702 | -€52,737 | -5.4% |
| Land and buildings | 22 | €918,814 | €884,112 | -€34,702 | -3.8% |
| Furniture and vehicles | 24 | €59,625 | €41,590 | -€18,035 | -30.2% |
| Current assets | 29/58 | €65,904 | €68,115 | +€2,211 | +3.4% |
| Amounts receivable within one year | 40/41 | €61,744 | €22,895 | -€38,849 | -62.9% |
| Trade receivables | 40 | €14,900 | €9,679 | -€5,221 | -35.0% |
| Other amounts receivable | 41 | €46,844 | €13,216 | -€33,628 | -71.8% |
| Cash at bank and in hand | 54/58 | €2,025 | €45,220 | +€43,195 | +2,134% |
| Deferred charges and accrued income | 490/1 | €2,136 | - | -€2,136 | |
| Total equity and liabilities | 10/49 | €1,044,343 | €993,817 | -€50,526 | -4.8% |
| Equity | 10/15 | €657,861 | €654,806 | -€3,056 | -0.5% |
| Contributions | 10/11 | €20,405 | €20,405 | = | 0.0% |
| Profit (loss) carried forward | 14 | €637,456 | €634,401 | -€3,056 | -0.5% |
| Amounts payable | 17/49 | €386,482 | €339,011 | -€47,471 | -12.3% |
| Amounts payable after more than one year | 17 | €295,458 | €255,084 | -€40,373 | -13.7% |
| Financial debts | 170/4 | €289,033 | €246,984 | -€42,048 | -14.5% |
| Other amounts payable | 178/9 | €6,425 | €8,100 | +€1,675 | +26.1% |
| Amounts payable within one year | 42/48 | €89,071 | €82,868 | -€6,202 | -7.0% |
| Current portion of amounts payable after more than one year | 42 | €37,335 | €34,092 | -€3,244 | -8.7% |
| Trade debts | 44 | €12,394 | €20,257 | +€7,862 | +63.4% |
| Suppliers | 440/4 | €12,394 | €20,257 | +€7,862 | +63.4% |
| Taxes, remuneration and social security | 45 | €39,341 | €28,520 | -€10,821 | -27.5% |
| Taxes | 450/3 | €39,341 | €28,520 | -€10,821 | -27.5% |
| Accrued charges and deferred income | 492/3 | €1,954 | €1,059 | -€895 | -45.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,726 | €42,166 | -€4,560 | -9.8% |
| Other operating charges | 640/8 | €5,956 | €17,062 | +€11,107 | +186% |
| Gross operating margin | 9900 | €138,322 | €65,020 | -€73,302 | -53.0% |
| Operating profit (loss) | 9901 | €85,641 | €5,792 | -€79,849 | -93.2% |
| Financial income | 75/76B | - | €38 | +€38 | |
| Recurring financial income | 75 | - | €38 | +€38 | |
| Financial charges | 65/66B | €6,290 | €8,636 | +€2,345 | +37.3% |
| Recurring financial charges | 65 | €6,290 | €8,636 | +€2,345 | +37.3% |
| Profit (loss) for the period before taxes | 9903 | €79,350 | -€2,806 | -€82,156 | |
| Income taxes | 67/77 | €21,268 | €250 | -€21,018 | -98.8% |
| Profit (loss) for the period | 9904 | €58,083 | -€3,056 | -€61,138 | |
| Profit (loss) for the period to be appropriated | 9905 | €58,083 | -€3,056 | -€61,138 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.