Panthera Consulting: 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.
Panthera Consulting
Largest movements
- Cash +€157,258
up €157,258 (+89.2%), from €176,224 to €333,482
mainly Net result for the year (+€144,292) and Tax, wage and social debts (+€57,536)
- Receivables within one year +€58,325
up €58,325 (+177%), from €32,885 to €91,210
- Tangible fixed assets -€12,328
down €12,328 (-33.8%), from €36,466 to €24,137
of which Furniture and vehicles: -€12,009
- Reserves +€144,292
up €144,292 (+50.6%), from €284,963 to €429,255
- Tax, wage and social debts +€57,536
up €57,536 (+68.8%), from €83,666 to €141,202
- Gross operating margin -€3,502
down €3,502 (-1.5%), from €228,865 to €225,362
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 | €447,763 | €650,406 | +€202,643 | +45.3% |
| Fixed assets | 21/28 | €36,466 | €24,137 | -€12,328 | -33.8% |
| Tangible fixed assets | 22/27 | €36,466 | €24,137 | -€12,328 | -33.8% |
| Plant, machinery and equipment | 23 | €1,986 | €1,666 | -€320 | -16.1% |
| Furniture and vehicles | 24 | €34,480 | €22,471 | -€12,009 | -34.8% |
| Current assets | 29/58 | €411,297 | €626,268 | +€214,971 | +52.3% |
| Amounts receivable within one year | 40/41 | €32,885 | €91,210 | +€58,325 | +177% |
| Trade receivables | 40 | €32,885 | €91,210 | +€58,325 | +177% |
| Current investments | 50/53 | €200,000 | €200,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €176,224 | €333,482 | +€157,258 | +89.2% |
| Deferred charges and accrued income | 490/1 | €2,188 | €1,577 | -€612 | -28.0% |
| Total equity and liabilities | 10/49 | €447,763 | €650,406 | +€202,643 | +45.3% |
| Equity | 10/15 | €287,963 | €432,255 | +€144,292 | +50.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €284,963 | €429,255 | +€144,292 | +50.6% |
| Distributable reserves | 133 | €284,963 | €429,255 | +€144,292 | +50.6% |
| Amounts payable | 17/49 | €159,800 | €218,151 | +€58,351 | +36.5% |
| Amounts payable after more than one year | 17 | €65,750 | €65,750 | = | 0.0% |
| Financial debts | 170/4 | €65,750 | €65,750 | = | 0.0% |
| Amounts payable within one year | 42/48 | €88,776 | €147,745 | +€58,969 | +66.4% |
| Trade debts | 44 | €4,162 | €5,669 | +€1,507 | +36.2% |
| Suppliers | 440/4 | €4,162 | €5,669 | +€1,507 | +36.2% |
| Taxes, remuneration and social security | 45 | €83,666 | €141,202 | +€57,536 | +68.8% |
| Taxes | 450/3 | €83,666 | €141,202 | +€57,536 | +68.8% |
| Other amounts payable | 47/48 | €948 | €875 | -€73 | -7.7% |
| Accrued charges and deferred income | 492/3 | €5,273 | €4,655 | -€618 | -11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,446 | €13,458 | +€12 | +0.1% |
| Other operating charges | 640/8 | €325 | €836 | +€511 | +157% |
| Gross operating margin | 9900 | €228,865 | €225,362 | -€3,502 | -1.5% |
| Operating profit (loss) | 9901 | €215,093 | €211,068 | -€4,025 | -1.9% |
| Financial income | 75/76B | €1 | €37 | +€35 | +2,713% |
| Recurring financial income | 75 | €1 | €37 | +€35 | +2,713% |
| Financial charges | 65/66B | €5,369 | €4,953 | -€416 | -7.7% |
| Recurring financial charges | 65 | €5,369 | €4,953 | -€416 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | €209,726 | €206,151 | -€3,575 | -1.7% |
| Income taxes | 67/77 | €62,635 | €61,859 | -€776 | -1.2% |
| Profit (loss) for the period | 9904 | €147,091 | €144,292 | -€2,799 | -1.9% |
| Profit (loss) for the period to be appropriated | 9905 | €147,091 | €144,292 | -€2,799 | -1.9% |
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 24 October 2026 via checked.be.