Panteras: what changed
Two fiscal 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.
Panteras
Largest movements
- Current investments +€136,885
up €136,885 (+55.5%), from €246,823 to €383,708
- Cash +€26,804
up €26,804 (+11616.1%), from €231 to €27,035
mainly Net result for the year (+€146,073) and Tax, wage and social debts (+€15,116)
- Reserves +€146,073
up €146,073 (+65.7%), from €222,330 to €368,403
- Tax, wage and social debts +€15,116
up €15,116 (+68.0%), from €22,223 to €37,339
- Financial income -€83,749
down €83,749 (-33.9%), from €246,855 to €163,106
- Taxes -€7,110
down €7,110 (-32.0%), from €22,233 to €15,123
- Gross operating margin +€561
up €561 (+25.2%), from -€2,224 to -€1,663
- Other operating charges +€144
new in 2025: €144
- Financial charges +€34
up €34 (+50.9%), from €68 to €102
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.
Cash bridge derived
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 | €249,553 | €410,742 | +€161,189 | +64.6% |
| Fixed assets | 21/28 | €2,500 | - | -€2,500 | |
| Financial fixed assets | 28 | €2,500 | - | -€2,500 | |
| Current assets | 29/58 | €247,053 | €410,742 | +€163,689 | +66.3% |
| Current investments | 50/53 | €246,823 | €383,708 | +€136,885 | +55.5% |
| Cash at bank and in hand | 54/58 | €231 | €27,035 | +€26,804 | +11616.1% |
| Total equity and liabilities | 10/49 | €249,553 | €410,742 | +€161,189 | +64.6% |
| Equity | 10/15 | €227,330 | €373,403 | +€146,073 | +64.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €222,330 | €368,403 | +€146,073 | +65.7% |
| Distributable reserves | 133 | €222,330 | €368,403 | +€146,073 | +65.7% |
| Amounts payable | 17/49 | €22,223 | €37,339 | +€15,116 | +68.0% |
| Amounts payable within one year | 42/48 | €22,223 | €37,339 | +€15,116 | +68.0% |
| Taxes, remuneration and social security | 45 | €22,223 | €37,339 | +€15,116 | +68.0% |
| Taxes | 450/3 | €22,223 | €37,339 | +€15,116 | +68.0% |
| Other operating charges | 640/8 | - | €144 | +€144 | |
| Gross operating margin | 9900 | -€2,224 | -€1,663 | +€561 | +25.2% |
| Operating profit (loss) | 9901 | -€2,224 | -€1,807 | +€417 | +18.8% |
| Financial income | 75/76B | €246,855 | €163,106 | -€83,749 | -33.9% |
| Recurring financial income | 75 | €246,855 | €163,106 | -€83,749 | -33.9% |
| Financial charges | 65/66B | €68 | €102 | +€34 | +50.9% |
| Recurring financial charges | 65 | €68 | €102 | +€34 | +50.9% |
| Profit (loss) for the period before taxes | 9903 | €244,563 | €161,197 | -€83,367 | -34.1% |
| Income taxes | 67/77 | €22,233 | €15,123 | -€7,110 | -32.0% |
| Profit (loss) for the period | 9904 | €222,330 | €146,073 | -€76,257 | -34.3% |
| Profit (loss) for the period to be appropriated | 9905 | €222,330 | €146,073 | -€76,257 | -34.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.