BRUSSELS PANORAMIC TOURS: 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.
BRUSSELS PANORAMIC TOURS
Largest movements
- Tangible fixed assets -€19,998
down €19,998 (-65.3%), from €30,633 to €10,635
- Receivables within one year +€1,794
up €1,794 (+54.3%), from €3,304 to €5,098
of which Trade receivables: +€1,706
- Profit (loss) carried forward -€21,068
down €21,068 (-158%), from -€13,326 to -€34,394
- Other debts +€3,200
up €3,200 (+7.7%), from €41,322 to €44,522
- Tax, wage and social debts -€369
no longer reported in 2025 (was €369)
- Gross operating margin +€3,466
up €3,466 (+85.3%), from -€4,062 to -€596
- Other operating charges -€73
down €73 (-15.4%), from €472 to €400
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 | €34,100 | €15,765 | -€18,335 | -53.8% |
| Fixed assets | 21/28 | €30,633 | €10,635 | -€19,998 | -65.3% |
| Tangible fixed assets | 22/27 | €30,633 | €10,635 | -€19,998 | -65.3% |
| Furniture and vehicles | 24 | €30,633 | €10,635 | -€19,998 | -65.3% |
| Current assets | 29/58 | €3,467 | €5,130 | +€1,663 | +48.0% |
| Amounts receivable within one year | 40/41 | €3,304 | €5,098 | +€1,794 | +54.3% |
| Trade receivables | 40 | €257 | €1,963 | +€1,706 | +664% |
| Other amounts receivable | 41 | €3,048 | €3,135 | +€88 | +2.9% |
| Cash at bank and in hand | 54/58 | €162 | €32 | -€131 | -80.5% |
| Total equity and liabilities | 10/49 | €34,100 | €15,765 | -€18,335 | -53.8% |
| Equity | 10/15 | -€8,326 | -€29,394 | -€21,068 | -253% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,326 | -€34,394 | -€21,068 | -158% |
| Amounts payable | 17/49 | €42,426 | €45,158 | +€2,733 | +6.4% |
| Amounts payable within one year | 42/48 | €42,426 | €45,158 | +€2,733 | +6.4% |
| Trade debts | 44 | €735 | €637 | -€98 | -13.3% |
| Suppliers | 440/4 | €735 | €637 | -€98 | -13.3% |
| Taxes, remuneration and social security | 45 | €369 | - | -€369 | |
| Taxes | 450/3 | €369 | - | -€369 | |
| Other amounts payable | 47/48 | €41,322 | €44,522 | +€3,200 | +7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,998 | €19,998 | = | 0.0% |
| Other operating charges | 640/8 | €472 | €400 | -€73 | -15.4% |
| Gross operating margin | 9900 | -€4,062 | -€596 | +€3,466 | +85.3% |
| Operating profit (loss) | 9901 | -€24,532 | -€20,994 | +€3,539 | +14.4% |
| Financial charges | 65/66B | €61 | €74 | +€13 | +21.5% |
| Recurring financial charges | 65 | €61 | €74 | +€13 | +21.5% |
| Profit (loss) for the period before taxes | 9903 | -€24,593 | -€21,068 | +€3,525 | +14.3% |
| Profit (loss) for the period | 9904 | -€24,593 | -€21,068 | +€3,525 | +14.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,593 | -€21,068 | +€3,525 | +14.3% |
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 27 October 2026 via checked.be.