PANIC OFFICE: 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.
PANIC OFFICE
Largest movements
- Tangible fixed assets -€165,245
down €165,245 (-59.7%), from €276,689 to €111,443
- Current assets +€135,744
up €135,744 (+293.5%), from €46,257 to €182,001
- Debts after one year -€194,919
down €194,919 (-93.9%), from €207,584 to €12,665
- Reserves +€101,861
up €101,861 (+5223.6%), from €1,950 to €103,811
- Provisions +€52,450
new in 2012: €52,450
- Debts within one year +€41,920
up €41,920 (+57.5%), from €72,946 to €114,866
- Profit (loss) carried forward -€30,830
down €30,830 (-90.3%), from €34,126 to €3,296
- Turnover -€29,176
down €29,176 (-14.8%), from €197,062 to €167,886
- Depreciation +€4,194
up €4,194 (+13.0%), from €32,205 to €36,399
- Taxes -€3,847
down €3,847 (-99.7%), from €3,860 to €13
- Gross operating margin +€3,076
up €3,076 (+4.2%), from €73,457 to €76,533
From the 2011 result to the 2012 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2011 | 2012 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €322,956 | €293,455 | -€29,501 | -9.1% |
| Fixed assets | 21/28 | €276,699 | €111,453 | -€165,245 | -59.7% |
| Tangible fixed assets | 22/27 | €276,689 | €111,443 | -€165,245 | -59.7% |
| Financial fixed assets | 28 | €10 | €10 | = | 0.0% |
| Current assets | 29/58 | €46,257 | €182,001 | +€135,744 | +293.5% |
| Amounts receivable within one year | 40/41 | - | €36,398 | +€36,398 | |
| Cash at bank and in hand | 54/58 | €220 | €18,687 | +€18,467 | +8386.2% |
| Total equity and liabilities | 10/49 | €322,956 | €293,455 | -€29,501 | -9.1% |
| Equity | 10/15 | €42,326 | €113,357 | +€71,031 | +167.8% |
| Contributions | 10/11 | €6,250 | €6,250 | = | 0.0% |
| Reserves | 13 | €1,950 | €103,811 | +€101,861 | +5223.6% |
| Profit (loss) carried forward | 14 | €34,126 | €3,296 | -€30,830 | -90.3% |
| Provisions and deferred taxes | 16 | - | €52,450 | +€52,450 | |
| Amounts payable | 17/49 | €280,630 | €127,647 | -€152,982 | -54.5% |
| Amounts payable after more than one year | 17 | €207,584 | €12,665 | -€194,919 | -93.9% |
| Amounts payable within one year | 42/48 | €72,946 | €114,866 | +€41,920 | +57.5% |
| Trade debts | 44 | €27,098 | €75,406 | +€48,308 | +178.3% |
| Turnover | 70 | €197,062 | €167,886 | -€29,176 | -14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,205 | €36,399 | +€4,194 | +13.0% |
| Gross operating margin | 9900 | €73,457 | €76,533 | +€3,076 | +4.2% |
| Operating profit (loss) | 9901 | €24,466 | -€1,237 | -€25,703 | |
| Recurring financial income | 75 | €2 | €1,404 | +€1,402 | +78778.1% |
| Recurring financial charges | 65 | €12,525 | €39,136 | +€26,610 | +212.5% |
| Profit (loss) for the period before taxes | 9903 | €12,077 | €123,495 | +€111,418 | +922.6% |
| Income taxes | 67/77 | €3,860 | €13 | -€3,847 | -99.7% |
| Profit (loss) for the period | 9904 | €8,216 | €71,031 | +€62,814 | +764.5% |
| Profit (loss) for the period to be appropriated | 9905 | €8,216 | -€30,830 | -€39,046 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2011 and 31 December 2012. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.