Panthera Leo: 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 Leo
Largest movements
- Current investments +€80,000
new in 2025: €80,000
- Cash -€49,125
down €49,125 (-49.8%), from €98,701 to €49,576
mainly Contributions, distributions and other (-€126,487) and Current investments (-€80,000)
- Receivables within one year -€22,779
down €22,779 (-38.3%), from €59,432 to €36,653
of which Trade receivables: -€30,749
- Other debts +€8,897
up €8,897 (+7.1%), from €125,231 to €134,128
- Gross operating margin +€7,711
up €7,711 (+4.9%), from €158,867 to €166,578
- Taxes +€2,933
up €2,933 (+8.6%), from €34,266 to €37,199
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 | €167,509 | €175,915 | +€8,406 | +5.0% |
| Fixed assets | 21/28 | €7,869 | €7,746 | -€123 | -1.6% |
| Tangible fixed assets | 22/27 | €7,869 | €7,746 | -€123 | -1.6% |
| Furniture and vehicles | 24 | €326 | €1,729 | +€1,402 | +430% |
| Other tangible fixed assets | 26 | €7,543 | €6,017 | -€1,526 | -20.2% |
| Current assets | 29/58 | €159,640 | €168,170 | +€8,529 | +5.3% |
| Amounts receivable within one year | 40/41 | €59,432 | €36,653 | -€22,779 | -38.3% |
| Trade receivables | 40 | €58,905 | €28,156 | -€30,749 | -52.2% |
| Other amounts receivable | 41 | €527 | €8,497 | +€7,970 | +1,513% |
| Current investments | 50/53 | - | €80,000 | +€80,000 | |
| Cash at bank and in hand | 54/58 | €98,701 | €49,576 | -€49,125 | -49.8% |
| Deferred charges and accrued income | 490/1 | €1,507 | €1,941 | +€434 | +28.8% |
| Total equity and liabilities | 10/49 | €167,509 | €175,915 | +€8,406 | +5.0% |
| Equity | 10/15 | €20,460 | €20,460 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Amounts payable | 17/49 | €147,049 | €155,455 | +€8,406 | +5.7% |
| Amounts payable within one year | 42/48 | €147,049 | €155,455 | +€8,406 | +5.7% |
| Trade debts | 44 | €3,122 | €3,336 | +€214 | +6.9% |
| Suppliers | 440/4 | €3,122 | €3,336 | +€214 | +6.9% |
| Taxes, remuneration and social security | 45 | €18,696 | €17,991 | -€705 | -3.8% |
| Taxes | 450/3 | €18,696 | €17,991 | -€705 | -3.8% |
| Other amounts payable | 47/48 | €125,231 | €134,128 | +€8,897 | +7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,227 | €2,185 | -€1,041 | -32.3% |
| Other operating charges | 640/8 | €1,005 | €787 | -€218 | -21.7% |
| Gross operating margin | 9900 | €158,867 | €166,578 | +€7,711 | +4.9% |
| Operating profit (loss) | 9901 | €154,635 | €163,605 | +€8,971 | +5.8% |
| Financial income | 75/76B | €0 | €594 | +€594 | +848,814% |
| Recurring financial income | 75 | €0 | €594 | +€594 | +848,814% |
| Financial charges | 65/66B | €142 | €514 | +€371 | +261% |
| Recurring financial charges | 65 | €142 | €514 | +€371 | +261% |
| Profit (loss) for the period before taxes | 9903 | €154,493 | €163,686 | +€9,194 | +6.0% |
| Income taxes | 67/77 | €34,266 | €37,199 | +€2,933 | +8.6% |
| Profit (loss) for the period | 9904 | €120,227 | €126,487 | +€6,260 | +5.2% |
| Profit (loss) for the period to be appropriated | 9905 | €120,227 | €126,487 | +€6,260 | +5.2% |
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.