PANTHER-SERVICES: 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.
PANTHER-SERVICES
Largest movements
- Receivables within one year +€11,033
up €11,033 (+10.7%), from €103,354 to €114,387
of which Other amounts receivable: +€14,298
- Deferred charges and accrued income +€2,708
new in 2025: €2,708
- Cash -€1,565
down €1,565 (-96.1%), from €1,630 to €64
mainly Tax, wage and social debts (-€12,025) and Receivables within one year (-€11,033)
- Tangible fixed assets -€1,217
down €1,217 (-50.5%), from €2,407 to €1,190
- Reserves +€25,000
up €25,000 (+90.9%), from €27,500 to €52,500
- Tax, wage and social debts -€12,025
down €12,025 (-39.7%), from €30,273 to €18,248
of which Taxes: -€13,625
- Trade debts -€2,579
down €2,579 (-23.7%), from €10,890 to €8,312
- Taxes -€29,405
down €29,405, from €25,110 to -€4,295
- Gross operating margin -€7,106
down €7,106 (-28.3%), from €25,149 to €18,043
- Financial income +€1,860
up €1,860 (+43.0%), from €4,327 to €6,186
- Other operating charges -€560
down €560 (-47.7%), from €1,173 to €613
- Financial charges -€494
down €494 (-33.2%), from €1,490 to €996
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 | €107,391 | €118,830 | +€11,439 | +10.7% |
| Fixed assets | 21/28 | €2,407 | €1,670 | -€737 | -30.6% |
| Tangible fixed assets | 22/27 | €2,407 | €1,190 | -€1,217 | -50.5% |
| Furniture and vehicles | 24 | €2,407 | €1,190 | -€1,217 | -50.5% |
| Financial fixed assets | 28 | - | €480 | +€480 | |
| Current assets | 29/58 | €104,984 | €117,160 | +€12,176 | +11.6% |
| Amounts receivable within one year | 40/41 | €103,354 | €114,387 | +€11,033 | +10.7% |
| Trade receivables | 40 | €17,041 | €13,775 | -€3,265 | -19.2% |
| Other amounts receivable | 41 | €86,314 | €100,612 | +€14,298 | +16.6% |
| Cash at bank and in hand | 54/58 | €1,630 | €64 | -€1,565 | -96.1% |
| Deferred charges and accrued income | 490/1 | - | €2,708 | +€2,708 | |
| Total equity and liabilities | 10/49 | €107,391 | €118,830 | +€11,439 | +10.7% |
| Equity | 10/15 | €66,180 | €91,879 | +€25,699 | +38.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €27,500 | €52,500 | +€25,000 | +90.9% |
| Distributable reserves | 133 | €27,500 | €52,500 | +€25,000 | +90.9% |
| Profit (loss) carried forward | 14 | €32,480 | €33,179 | +€699 | +2.2% |
| Amounts payable | 17/49 | €41,211 | €26,951 | -€14,260 | -34.6% |
| Amounts payable within one year | 42/48 | €41,164 | €26,560 | -€14,604 | -35.5% |
| Trade debts | 44 | €10,890 | €8,312 | -€2,579 | -23.7% |
| Suppliers | 440/4 | €10,890 | €8,312 | -€2,579 | -23.7% |
| Taxes, remuneration and social security | 45 | €30,273 | €18,248 | -€12,025 | -39.7% |
| Taxes | 450/3 | €30,273 | €16,648 | -€13,625 | -45.0% |
| Remuneration and social security | 454/9 | - | €1,600 | +€1,600 | |
| Accrued charges and deferred income | 492/3 | €47 | €391 | +€344 | +731% |
| Non-recurring operating income | 76A | €559 | - | -€559 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,195 | €1,217 | +€22 | +1.8% |
| Other operating charges | 640/8 | €1,173 | €613 | -€560 | -47.7% |
| Gross operating margin | 9900 | €25,149 | €18,043 | -€7,106 | -28.3% |
| Operating profit (loss) | 9901 | €22,781 | €16,213 | -€6,568 | -28.8% |
| Financial income | 75/76B | €4,327 | €6,186 | +€1,860 | +43.0% |
| Recurring financial income | 75 | €4,327 | €6,186 | +€1,860 | +43.0% |
| Financial charges | 65/66B | €1,490 | €996 | -€494 | -33.2% |
| Recurring financial charges | 65 | €1,490 | €996 | -€494 | -33.2% |
| Profit (loss) for the period before taxes | 9903 | €25,618 | €21,404 | -€4,214 | -16.4% |
| Income taxes | 67/77 | €25,110 | -€4,295 | -€29,405 | |
| Profit (loss) for the period | 9904 | €508 | €25,699 | +€25,191 | +4,962% |
| Profit (loss) for the period to be appropriated | 9905 | €508 | €25,699 | +€25,191 | +4,962% |
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 20 October 2026 via checked.be.