PANTECH: 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.
PANTECH
Largest movements
- Current investments +€1.8m
up €1.8m (+59.4%), from €3.0m to €4.7m
- Receivables within one year -€74,905
down €74,905 (-45.2%), from €165,594 to €90,689
of which Other amounts receivable: -€73,220
- Other debts +€1.5m
up €1.5m (+2,523%), from €61,000 to €1.6m
- Profit (loss) carried forward +€159,563
up €159,563 (+147%), from €108,562 to €268,125
- Financial income +€69,571
up €69,571 (+45.5%), from €152,790 to €222,361
- Staff costs -€18,998
down €18,998 (-64.2%), from €29,607 to €10,609
- Gross operating margin -€18,008
down €18,008 (-172%), from -€10,460 to -€28,468
- Financial charges +€7,271
up €7,271 (+103%), from €7,047 to €14,318
- Other operating charges -€1,036
down €1,036 (-48.0%), from €2,160 to €1,124
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 | €3,337,687 | €5,042,053 | +€1.7m | +51.1% |
| Fixed assets | 21/28 | €164 | €164 | = | 0.0% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €164 | €164 | = | 0.0% |
| Current assets | 29/58 | €3,337,523 | €5,041,889 | +€1.7m | +51.1% |
| Amounts receivable after more than one year | 29 | €71,066 | €71,066 | = | 0.0% |
| Other amounts receivable | 291 | €71,066 | €71,066 | = | 0.0% |
| Stocks and contracts in progress | 3 | €59 | €59 | = | 0.0% |
| Stocks | 30/36 | €59 | €59 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €165,594 | €90,689 | -€74,905 | -45.2% |
| Trade receivables | 40 | €4,329 | €2,644 | -€1,685 | -38.9% |
| Other amounts receivable | 41 | €161,265 | €88,045 | -€73,220 | -45.4% |
| Current investments | 50/53 | €2,969,696 | €4,733,569 | +€1.8m | +59.4% |
| Cash at bank and in hand | 54/58 | €7,405 | €21,958 | +€14,553 | +197% |
| Deferred charges and accrued income | 490/1 | €123,703 | €124,548 | +€845 | +0.7% |
| Total equity and liabilities | 10/49 | €3,337,687 | €5,042,053 | +€1.7m | +51.1% |
| Equity | 10/15 | €3,273,056 | €3,441,017 | +€167,961 | +5.1% |
| Contributions | 10/11 | €3,122,334 | €3,122,334 | = | 0.0% |
| Capital | 10 | €3,122,334 | €3,122,334 | = | 0.0% |
| Issued capital | 100 | €3,122,334 | €3,122,334 | = | 0.0% |
| Reserves | 13 | €42,160 | €50,558 | +€8,398 | +19.9% |
| Non-distributable reserves | 130/1 | €42,160 | €50,558 | +€8,398 | +19.9% |
| Legal reserve | 130 | €42,160 | €50,558 | +€8,398 | +19.9% |
| Profit (loss) carried forward | 14 | €108,562 | €268,125 | +€159,563 | +147% |
| Amounts payable | 17/49 | €64,631 | €1,601,036 | +€1.5m | +2,377% |
| Amounts payable within one year | 42/48 | €64,631 | €1,600,759 | +€1.5m | +2,377% |
| Financial debts | 43 | €0 | €0 | = | |
| Other loans | 439 | €0 | €0 | = | |
| Trade debts | 44 | €3,221 | €597 | -€2,624 | -81.5% |
| Suppliers | 440/4 | €3,221 | €597 | -€2,624 | -81.5% |
| Taxes, remuneration and social security | 45 | €410 | €162 | -€248 | -60.5% |
| Taxes | 450/3 | €318 | €70 | -€248 | -78.0% |
| Remuneration and social security | 454/9 | €92 | €92 | = | 0.0% |
| Other amounts payable | 47/48 | €61,000 | €1,600,000 | +€1.5m | +2,523% |
| Accrued charges and deferred income | 492/3 | - | €277 | +€277 | |
| Remuneration, social security and pensions | 62 | €29,607 | €10,609 | -€18,998 | -64.2% |
| Other operating charges | 640/8 | €2,160 | €1,124 | -€1,036 | -48.0% |
| Gross operating margin | 9900 | -€10,460 | -€28,468 | -€18,008 | -172% |
| Operating profit (loss) | 9901 | -€42,227 | -€40,201 | +€2,026 | +4.8% |
| Financial income | 75/76B | €152,790 | €222,361 | +€69,571 | +45.5% |
| Recurring financial income | 75 | €152,790 | €222,361 | +€69,571 | +45.5% |
| Financial charges | 65/66B | €7,047 | €14,318 | +€7,271 | +103% |
| Recurring financial charges | 65 | €7,047 | €14,318 | +€7,271 | +103% |
| Profit (loss) for the period before taxes | 9903 | €103,516 | €167,842 | +€64,326 | +62.1% |
| Income taxes | 67/77 | €164 | -€119 | -€283 | |
| Profit (loss) for the period | 9904 | €103,352 | €167,961 | +€64,609 | +62.5% |
| Profit (loss) for the period to be appropriated | 9905 | €103,352 | €167,961 | +€64,609 | +62.5% |
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 25 October 2026 via checked.be.