Pantar: what changed
Pantar
Largest movements
- Tangible fixed assets -€36,178
down €36,178 (-6.4%), from €568,640 to €532,463
of which Land and buildings: -€31,583
- Receivables within one year -€14,968
down €14,968 (-42.6%), from €35,142 to €20,173
of which Trade receivables: -€15,339
- Other debts +€93,602
up €93,602 (+76.4%), from €122,497 to €216,099
- Profit (loss) carried forward -€61,597
down €61,597 (-128%), from -€48,066 to -€109,663
- Current portion of long-term debt -€41,943
down €41,943 (-61.1%), from €68,628 to €26,684
- Debts after one year -€26,684
down €26,684 (-6.4%), from €414,696 to €388,012
- Trade debts -€8,735
down €8,735 (-41.1%), from €21,277 to €12,542
- Financial charges -€17,664
down €17,664 (-47.8%), from €36,935 to €19,270
of which Non-recurring financial charges: -€11,200
- Financial income -€7,183
down €7,183 (-100%), from €7,183 to €0
of which Non-recurring financial income: -€7,000
- Gross operating margin +€5,046
up €5,046, from -€1,411 to €3,635
- Other operating charges -€1,276
down €1,276 (-44.1%), from €2,894 to €1,619
- Staff costs -€936
down €936 (-10.4%), from €8,968 to €8,032
Change in the result, 2024 to 2025
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 2024 and 2025 balance sheets and the 2025 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 | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €605,685 | €554,217 | -€51,468 | -8.5% |
| Fixed assets | 21/28 | €569,960 | €533,783 | -€36,178 | -6.3% |
| Tangible fixed assets | 22/27 | €568,640 | €532,463 | -€36,178 | -6.4% |
| Land and buildings | 22 | €480,661 | €449,078 | -€31,583 | -6.6% |
| Furniture and vehicles | 24 | €24,818 | €20,222 | -€4,595 | -18.5% |
| Other tangible fixed assets | 26 | €63,162 | €63,162 | = | 0.0% |
| Financial fixed assets | 28 | €1,320 | €1,320 | = | 0.0% |
| Current assets | 29/58 | €35,725 | €20,435 | -€15,290 | -42.8% |
| Amounts receivable within one year | 40/41 | €35,142 | €20,173 | -€14,968 | -42.6% |
| Trade receivables | 40 | €32,341 | €17,003 | -€15,339 | -47.4% |
| Other amounts receivable | 41 | €2,800 | €3,170 | +€370 | +13.2% |
| Cash at bank and in hand | 54/58 | €465 | €0 | -€465 | -100% |
| Deferred charges and accrued income | 490/1 | €118 | €261 | +€143 | +121% |
| Total equity and liabilities | 10/49 | €605,685 | €554,217 | -€51,468 | -8.5% |
| Equity | 10/15 | -€29,516 | -€91,113 | -€61,597 | -209% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€48,066 | -€109,663 | -€61,597 | -128% |
| Amounts payable | 17/49 | €635,201 | €645,330 | +€10,129 | +1.6% |
| Amounts payable after more than one year | 17 | €414,696 | €388,012 | -€26,684 | -6.4% |
| Financial debts | 170/4 | €414,696 | €388,012 | -€26,684 | -6.4% |
| Amounts payable within one year | 42/48 | €220,293 | €257,262 | +€36,969 | +16.8% |
| Current portion of amounts payable after more than one year | 42 | €68,628 | €26,684 | -€41,943 | -61.1% |
| Financial debts | 43 | - | €176 | +€176 | |
| Credit institutions | 430/8 | - | €176 | +€176 | |
| Trade debts | 44 | €21,277 | €12,542 | -€8,735 | -41.1% |
| Suppliers | 440/4 | €21,277 | €12,542 | -€8,735 | -41.1% |
| Taxes, remuneration and social security | 45 | €7,891 | €1,761 | -€6,130 | -77.7% |
| Taxes | 450/3 | €1,041 | €520 | -€521 | -50.0% |
| Remuneration and social security | 454/9 | €6,850 | €1,241 | -€5,609 | -81.9% |
| Other amounts payable | 47/48 | €122,497 | €216,099 | +€93,602 | +76.4% |
| Accrued charges and deferred income | 492/3 | €212 | €56 | -€156 | -73.7% |
| Remuneration, social security and pensions | 62 | €8,968 | €8,032 | -€936 | -10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,749 | €36,178 | -€571 | -1.6% |
| Other operating charges | 640/8 | €2,894 | €1,619 | -€1,276 | -44.1% |
| Gross operating margin | 9900 | -€1,411 | €3,635 | +€5,046 | |
| Operating profit (loss) | 9901 | -€50,023 | -€42,194 | +€7,829 | +15.7% |
| Financial income | 75/76B | €7,183 | €0 | -€7,183 | -100% |
| Recurring financial income | 75 | €183 | €0 | -€183 | -100% |
| Non-recurring financial income | 76B | €7,000 | €0 | -€7,000 | -100% |
| Financial charges | 65/66B | €36,935 | €19,270 | -€17,664 | -47.8% |
| Recurring financial charges | 65 | €25,735 | €19,270 | -€6,464 | -25.1% |
| Non-recurring financial charges | 66B | €11,200 | €0 | -€11,200 | -100% |
| Profit (loss) for the period before taxes | 9903 | -€79,774 | -€61,464 | +€18,310 | +23.0% |
| Income taxes | 67/77 | €387 | €133 | -€255 | -65.7% |
| Profit (loss) for the period | 9904 | -€80,162 | -€61,597 | +€18,565 | +23.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€80,162 | -€61,597 | +€18,565 | +23.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.