PANTR: 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.
PANTR
Largest movements
- Current investments +€44,525
up €44,525 (+30.0%), from €148,604 to €193,129
- Tangible fixed assets -€12,003
down €12,003 (-32.3%), from €37,211 to €25,208
of which Furniture and vehicles: -€11,616
- Receivables within one year -€8,423
down €8,423 (-82.2%), from €10,241 to €1,818
of which Other amounts receivable: -€8,217
- Reserves +€21,539
up €21,539 (+8.8%), from €244,745 to €266,284
- Gross operating margin +€16,656
up €16,656 (+34.2%), from €48,768 to €65,424
- Taxes +€9,296
up €9,296 (+80.8%), from €11,507 to €20,803
- Financial income -€3,518
down €3,518 (-23.8%), from €14,770 to €11,253
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 | €267,490 | €291,790 | +€24,300 | +9.1% |
| Fixed assets | 21/28 | €98,310 | €86,306 | -€12,003 | -12.2% |
| Tangible fixed assets | 22/27 | €37,211 | €25,208 | -€12,003 | -32.3% |
| Plant, machinery and equipment | 23 | €388 | - | -€388 | |
| Furniture and vehicles | 24 | €36,823 | €25,208 | -€11,616 | -31.5% |
| Financial fixed assets | 28 | €61,099 | €61,099 | = | 0.0% |
| Current assets | 29/58 | €169,180 | €205,484 | +€36,304 | +21.5% |
| Amounts receivable within one year | 40/41 | €10,241 | €1,818 | -€8,423 | -82.2% |
| Trade receivables | 40 | €2,023 | €1,818 | -€205 | -10.1% |
| Other amounts receivable | 41 | €8,217 | - | -€8,217 | |
| Current investments | 50/53 | €148,604 | €193,129 | +€44,525 | +30.0% |
| Cash at bank and in hand | 54/58 | €10,336 | €10,537 | +€201 | +1.9% |
| Total equity and liabilities | 10/49 | €267,490 | €291,790 | +€24,300 | +9.1% |
| Equity | 10/15 | €263,345 | €284,884 | +€21,539 | +8.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €244,745 | €266,284 | +€21,539 | +8.8% |
| Distributable reserves | 133 | €244,745 | €266,284 | +€21,539 | +8.8% |
| Amounts payable | 17/49 | €4,145 | €6,906 | +€2,762 | +66.6% |
| Amounts payable within one year | 42/48 | €4,145 | €6,906 | +€2,762 | +66.6% |
| Trade debts | 44 | - | €157 | +€157 | |
| Suppliers | 440/4 | - | €157 | +€157 | |
| Taxes, remuneration and social security | 45 | €3,394 | €5,998 | +€2,604 | +76.7% |
| Taxes | 450/3 | €2,994 | €5,998 | +€3,004 | +100% |
| Remuneration and social security | 454/9 | €400 | - | -€400 | |
| Other amounts payable | 47/48 | €751 | €751 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,216 | €12,003 | -€212 | -1.7% |
| Other operating charges | 640/8 | €370 | €516 | +€147 | +39.6% |
| Gross operating margin | 9900 | €48,768 | €65,424 | +€16,656 | +34.2% |
| Operating profit (loss) | 9901 | €36,183 | €52,904 | +€16,722 | +46.2% |
| Financial income | 75/76B | €14,770 | €11,253 | -€3,518 | -23.8% |
| Recurring financial income | 75 | €14,770 | €11,253 | -€3,518 | -23.8% |
| Financial charges | 65/66B | €500 | €105 | -€395 | -79.0% |
| Recurring financial charges | 65 | €500 | €105 | -€395 | -79.0% |
| Profit (loss) for the period before taxes | 9903 | €50,453 | €64,052 | +€13,599 | +27.0% |
| Income taxes | 67/77 | €11,507 | €20,803 | +€9,296 | +80.8% |
| Profit (loss) for the period | 9904 | €38,946 | €43,249 | +€4,303 | +11.0% |
| Profit (loss) for the period to be appropriated | 9905 | €38,946 | €43,249 | +€4,303 | +11.0% |
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 19 October 2026 via checked.be.