PANTAREI GROUP: 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.
PANTAREI GROUP
Largest movements
- Receivables within one year -€40,152
no longer reported in 2024 (was €40,152)
- Stocks and contracts -€13,610
down €13,610 (-85.1%), from €16,000 to €2,390
- Tangible fixed assets +€7,850
up €7,850 (+22.0%), from €35,736 to €43,586
of which Furniture and vehicles: +€6,994
- Cash -€6,331
down €6,331 (-25.8%), from €24,542 to €18,211
mainly Advances received (-€39,296) and Trade debts (-€31,044)
- Intangible fixed assets -€5,840
no longer reported in 2024 (was €5,840)
- Advances received -€39,296
down €39,296 (-93.5%), from €42,021 to €2,725
- Trade debts -€31,044
down €31,044 (-61.1%), from €50,795 to €19,751
- Debts after one year +€28,971
new in 2024: €28,971
- Tax, wage and social debts -€23,776
down €23,776 (-59.4%), from €40,029 to €16,253
of which Taxes: -€15,653
- Current portion of long-term debt +€11,835
new in 2024: €11,835
- Gross operating margin +€22,617
up €22,617 (+28.0%), from €80,721 to €103,338
- Depreciation +€6,528
up €6,528 (+48.1%), from €13,573 to €20,101
- Staff costs -€3,166
down €3,166 (-4.4%), from €72,163 to €68,997
- Other operating charges +€2,085
up €2,085 (+67.3%), from €3,097 to €5,182
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
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €147,281 | €88,385 | -€58,896 | -40.0% |
| Fixed assets | 21/28 | €65,176 | €67,186 | +€2,010 | +3.1% |
| Intangible fixed assets | 21 | €5,840 | - | -€5,840 | |
| Tangible fixed assets | 22/27 | €35,736 | €43,586 | +€7,850 | +22.0% |
| Land and buildings | 22 | €2,614 | - | -€2,614 | |
| Plant, machinery and equipment | 23 | €1,609 | €5,909 | +€4,300 | +267% |
| Furniture and vehicles | 24 | €9,695 | €16,689 | +€6,994 | +72.1% |
| Other tangible fixed assets | 26 | €21,818 | €20,988 | -€830 | -3.8% |
| Financial fixed assets | 28 | €23,600 | €23,600 | = | 0.0% |
| Current assets | 29/58 | €82,105 | €21,199 | -€60,906 | -74.2% |
| Stocks and contracts in progress | 3 | €16,000 | €2,390 | -€13,610 | -85.1% |
| Stocks | 30/36 | €16,000 | €2,390 | -€13,610 | -85.1% |
| Amounts receivable within one year | 40/41 | €40,152 | - | -€40,152 | |
| Trade receivables | 40 | €40,152 | - | -€40,152 | |
| Cash at bank and in hand | 54/58 | €24,542 | €18,211 | -€6,331 | -25.8% |
| Deferred charges and accrued income | 490/1 | €1,411 | €598 | -€813 | -57.6% |
| Total equity and liabilities | 10/49 | €147,281 | €88,385 | -€58,896 | -40.0% |
| Equity | 10/15 | €7,092 | €8,608 | +€1,516 | +21.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €892 | €2,408 | +€1,516 | +170% |
| Non-distributable reserves | 130/1 | €550 | €550 | = | 0.0% |
| Reserves not available under the articles | 1311 | €550 | €550 | = | 0.0% |
| Distributable reserves | 133 | €342 | €1,858 | +€1,516 | +443% |
| Amounts payable | 17/49 | €140,189 | €79,777 | -€60,412 | -43.1% |
| Amounts payable after more than one year | 17 | - | €28,971 | +€28,971 | |
| Financial debts | 170/4 | - | €28,971 | +€28,971 | |
| Amounts payable within one year | 42/48 | €134,883 | €50,806 | -€84,077 | -62.3% |
| Current portion of amounts payable after more than one year | 42 | - | €11,835 | +€11,835 | |
| Trade debts | 44 | €50,795 | €19,751 | -€31,044 | -61.1% |
| Suppliers | 440/4 | €50,795 | €19,751 | -€31,044 | -61.1% |
| Advances received on contracts in progress | 46 | €42,021 | €2,725 | -€39,296 | -93.5% |
| Taxes, remuneration and social security | 45 | €40,029 | €16,253 | -€23,776 | -59.4% |
| Taxes | 450/3 | €23,307 | €7,654 | -€15,653 | -67.2% |
| Remuneration and social security | 454/9 | €16,722 | €8,599 | -€8,123 | -48.6% |
| Other amounts payable | 47/48 | €2,038 | €242 | -€1,796 | -88.1% |
| Accrued charges and deferred income | 492/3 | €5,306 | - | -€5,306 | |
| Remuneration, social security and pensions | 62 | €72,163 | €68,997 | -€3,166 | -4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,573 | €20,101 | +€6,528 | +48.1% |
| Other operating charges | 640/8 | €3,097 | €5,182 | +€2,085 | +67.3% |
| Gross operating margin | 9900 | €80,721 | €103,338 | +€22,617 | +28.0% |
| Operating profit (loss) | 9901 | -€8,112 | €9,058 | +€17,170 | |
| Financial income | 75/76B | €50 | - | -€50 | |
| Recurring financial income | 75 | €50 | - | -€50 | |
| Financial charges | 65/66B | €7,561 | €7,542 | -€19 | -0.3% |
| Recurring financial charges | 65 | €7,561 | €7,542 | -€19 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | -€15,623 | €1,516 | +€17,139 | |
| Profit (loss) for the period | 9904 | -€15,623 | €1,516 | +€17,139 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,623 | €1,516 | +€17,139 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.