Panthera Corp.: 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 Corp.
Largest movements
- Cash -€540
down €540 (-60.0%), from €901 to €360
mainly Net result for the year (-€3,002) and Trade debts (-€103)
- Receivables within one year -€190
down €190 (-72.4%), from €262 to €72
- Profit (loss) carried forward -€3,002
down €3,002 (-32.8%), from -€9,149 to -€12,151
- Other debts +€2,375
up €2,375 (+9,581%), from €25 to €2,400
- Trade debts -€103
down €103 (-36.0%), from €286 to €183
- Gross operating margin +€186
up €186 (+7.0%), from -€2,664 to -€2,478
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 | €1,163 | €432 | -€730 | -62.8% |
| Current assets | 29/58 | €1,163 | €432 | -€730 | -62.8% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €262 | €72 | -€190 | -72.4% |
| Other amounts receivable | 41 | €262 | €72 | -€190 | -72.4% |
| Cash at bank and in hand | 54/58 | €901 | €360 | -€540 | -60.0% |
| Total equity and liabilities | 10/49 | €1,163 | €432 | -€730 | -62.8% |
| Equity | 10/15 | €851 | -€2,151 | -€3,002 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,149 | -€12,151 | -€3,002 | -32.8% |
| Amounts payable | 17/49 | €311 | €2,583 | +€2,272 | +730% |
| Amounts payable within one year | 42/48 | €311 | €2,583 | +€2,272 | +730% |
| Trade debts | 44 | €286 | €183 | -€103 | -36.0% |
| Suppliers | 440/4 | €286 | €183 | -€103 | -36.0% |
| Other amounts payable | 47/48 | €25 | €2,400 | +€2,375 | +9,581% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€2,664 | -€2,478 | +€186 | +7.0% |
| Operating profit (loss) | 9901 | -€3,051 | -€2,878 | +€173 | +5.7% |
| Financial charges | 65/66B | €107 | €125 | +€18 | +16.8% |
| Recurring financial charges | 65 | €107 | €125 | +€18 | +16.8% |
| Profit (loss) for the period before taxes | 9903 | -€3,158 | -€3,002 | +€155 | +4.9% |
| Profit (loss) for the period | 9904 | -€3,158 | -€3,002 | +€155 | +4.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,158 | -€3,002 | +€155 | +4.9% |
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 22 October 2026 via checked.be.