PANTRIT: what changed
Two fiscal 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.
PANTRIT
Largest movements
- Financial fixed assets +€2.1m
up €2.1m (+3438638.6%), from €61 to €2.1m
- Tangible fixed assets +€632,560
up €632,560 (+869.7%), from €72,733 to €705,292
of which Land and buildings: +€650,385
- Contributions +€2.3m
up €2.3m (+2250.0%), from €100,000 to €2.4m
- Debts after one year +€498,749
up €498,749 (+1750.0%), from €28,500 to €527,249
- Current portion of long-term debt +€28,939
new in 2025: €28,939
- Gross operating margin +€60,709
up €60,709, from -€15,980 to €44,729
- Financial charges +€9,131
up €9,131 (+237.3%), from €3,847 to €12,978
of which Financial charges: +€9,067
- Depreciation +€6,787
up €6,787 (+22.6%), from €30,079 to €36,867
- Other operating charges +€1,768
up €1,768 (+189.7%), from €932 to €2,700
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.
Cash bridge derived
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 | €82,467 | €2,849,564 | +€2.8m | +3355.4% |
| Fixed assets | 21/28 | €72,794 | €2,815,990 | +€2.7m | +3768.4% |
| Tangible fixed assets | 22/27 | €72,733 | €705,292 | +€632,560 | +869.7% |
| Land and buildings | 22 | - | €650,385 | +€650,385 | |
| Plant, machinery and equipment | 23 | €1,049 | €306 | -€744 | -70.9% |
| Furniture and vehicles | 24 | €71,683 | €54,601 | -€17,082 | -23.8% |
| Financial fixed assets | 28 | €61 | €2,110,698 | +€2.1m | +3438638.6% |
| Current assets | 29/58 | €9,672 | €33,574 | +€23,902 | +247.1% |
| Stocks and contracts in progress | 3 | €3,000 | €3,000 | = | 0.0% |
| Stocks | 30/36 | €3,000 | €3,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,123 | €16,390 | +€14,267 | +672.1% |
| Trade receivables | 40 | €2,069 | €16,390 | +€14,321 | +692.2% |
| Other amounts receivable | 41 | €54 | - | -€54 | |
| Cash at bank and in hand | 54/58 | €2,191 | €11,730 | +€9,539 | +435.4% |
| Deferred charges and accrued income | 490/1 | €2,359 | €2,454 | +€95 | +4.0% |
| Total equity and liabilities | 10/49 | €82,467 | €2,849,564 | +€2.8m | +3355.4% |
| Equity | 10/15 | €36,559 | €2,278,694 | +€2.2m | +6133.0% |
| Contributions | 10/11 | €100,000 | €2,350,000 | +€2.3m | +2250.0% |
| Profit (loss) carried forward | 14 | -€63,441 | -€71,306 | -€7,865 | -12.4% |
| Amounts payable | 17/49 | €45,908 | €570,870 | +€524,962 | +1143.5% |
| Amounts payable after more than one year | 17 | €28,500 | €527,249 | +€498,749 | +1750.0% |
| Financial debts | 170/4 | €28,500 | €527,249 | +€498,749 | +1750.0% |
| Amounts payable within one year | 42/48 | €17,408 | €43,621 | +€26,213 | +150.6% |
| Current portion of amounts payable after more than one year | 42 | - | €28,939 | +€28,939 | |
| Financial debts | 43 | €74 | €69 | -€5 | -7.0% |
| Credit institutions | 430/8 | €74 | €69 | -€5 | -7.0% |
| Trade debts | 44 | €4,520 | €3,345 | -€1,175 | -26.0% |
| Suppliers | 440/4 | €4,520 | €3,345 | -€1,175 | -26.0% |
| Taxes, remuneration and social security | 45 | €781 | €1,881 | +€1,100 | +140.9% |
| Taxes | 450/3 | €781 | €1,881 | +€1,100 | +140.9% |
| Other amounts payable | 47/48 | €12,033 | €9,387 | -€2,646 | -22.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,079 | €36,867 | +€6,787 | +22.6% |
| Other operating charges | 640/8 | €932 | €2,700 | +€1,768 | +189.7% |
| Gross operating margin | 9900 | -€15,980 | €44,729 | +€60,709 | |
| Operating profit (loss) | 9901 | -€46,991 | €5,163 | +€52,154 | |
| Financial income | 75/76B | €215 | €91 | -€124 | -57.5% |
| Recurring financial income | 75 | €215 | €91 | -€124 | -57.5% |
| Financial charges | 65/66B | €3,847 | €12,978 | +€9,131 | +237.3% |
| Recurring financial charges | 65 | €3,847 | €12,914 | +€9,067 | +235.7% |
| Non-recurring financial charges | 66B | - | €64 | +€64 | |
| Profit (loss) for the period before taxes | 9903 | -€50,624 | -€7,724 | +€42,900 | +84.7% |
| Income taxes | 67/77 | €140 | €141 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | -€50,763 | -€7,865 | +€42,899 | +84.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€50,763 | -€7,865 | +€42,899 | +84.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.