PANORAMA B2B GENT: 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.
PANORAMA B2B GENT
Largest movements
- Current investments -€1.3m
down €1.3m (-100%), from €1.3m to €0
- Receivables within one year +€510,084
up €510,084 (+170%), from €300,561 to €810,645
of which Trade receivables: +€529,846
- Cash +€494,368
up €494,368 (+637%), from €77,617 to €571,986
mainly Current investments (+€1.3m) and Net result for the year (+€817,055)
- Tangible fixed assets -€41,684
down €41,684 (-4.9%), from €847,152 to €805,468
of which Land and buildings: -€22,421
- Trade debts -€367,723
down €367,723 (-52.6%), from €699,712 to €331,989
- Reserves +€77,055
up €77,055 (+15.4%), from €501,047 to €578,101
- Debts after one year -€34,009
down €34,009 (-6.9%), from €496,207 to €462,198
- Gross operating margin -€33,631
down €33,631 (-3.5%), from €970,696 to €937,066
- Staff costs +€18,556
up €18,556 (+66.8%), from €27,760 to €46,316
- Financial income +€16,809
up €16,809 (+284%), from €5,918 to €22,726
- Taxes -€14,718
down €14,718 (-35.0%), from €42,033 to €27,315
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 | €2,475,529 | €2,188,295 | -€287,234 | -11.6% |
| Fixed assets | 21/28 | €847,152 | €805,468 | -€41,684 | -4.9% |
| Tangible fixed assets | 22/27 | €847,152 | €805,468 | -€41,684 | -4.9% |
| Land and buildings | 22 | €738,986 | €716,565 | -€22,421 | -3.0% |
| Plant, machinery and equipment | 23 | €63,874 | €54,823 | -€9,051 | -14.2% |
| Furniture and vehicles | 24 | €44,292 | €34,080 | -€10,212 | -23.1% |
| Current assets | 29/58 | €1,628,377 | €1,382,826 | -€245,550 | -15.1% |
| Amounts receivable within one year | 40/41 | €300,561 | €810,645 | +€510,084 | +170% |
| Trade receivables | 40 | €167,377 | €697,223 | +€529,846 | +317% |
| Other amounts receivable | 41 | €133,184 | €113,422 | -€19,762 | -14.8% |
| Current investments | 50/53 | €1,250,000 | €0 | -€1.3m | -100% |
| Cash at bank and in hand | 54/58 | €77,617 | €571,986 | +€494,368 | +637% |
| Deferred charges and accrued income | 490/1 | €198 | €196 | -€3 | -1.3% |
| Total equity and liabilities | 10/49 | €2,475,529 | €2,188,295 | -€287,234 | -11.6% |
| Equity | 10/15 | €526,047 | €603,101 | +€77,055 | +14.6% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €501,047 | €578,101 | +€77,055 | +15.4% |
| Distributable reserves | 133 | €501,047 | €578,101 | +€77,055 | +15.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,949,482 | €1,585,193 | -€364,289 | -18.7% |
| Amounts payable after more than one year | 17 | €496,207 | €462,198 | -€34,009 | -6.9% |
| Financial debts | 170/4 | €496,207 | €462,198 | -€34,009 | -6.9% |
| Amounts payable within one year | 42/48 | €1,453,276 | €1,122,996 | -€330,280 | -22.7% |
| Current portion of amounts payable after more than one year | 42 | €33,256 | €34,009 | +€753 | +2.3% |
| Trade debts | 44 | €699,712 | €331,989 | -€367,723 | -52.6% |
| Suppliers | 440/4 | €699,712 | €331,989 | -€367,723 | -52.6% |
| Advances received on contracts in progress | 46 | - | €16,500 | +€16,500 | |
| Taxes, remuneration and social security | 45 | €308 | €497 | +€190 | +61.8% |
| Taxes | 450/3 | €308 | €497 | +€190 | +61.8% |
| Other amounts payable | 47/48 | €720,000 | €740,000 | +€20,000 | +2.8% |
| Remuneration, social security and pensions | 62 | €27,760 | €46,316 | +€18,556 | +66.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,833 | €52,622 | +€4,790 | +10.0% |
| Other operating charges | 640/8 | €2,406 | €4,794 | +€2,388 | +99.2% |
| Gross operating margin | 9900 | €970,696 | €937,066 | -€33,631 | -3.5% |
| Operating profit (loss) | 9901 | €892,698 | €833,334 | -€59,363 | -6.6% |
| Financial income | 75/76B | €5,918 | €22,726 | +€16,809 | +284% |
| Recurring financial income | 75 | €5,918 | €22,726 | +€16,809 | +284% |
| Financial charges | 65/66B | €13,074 | €11,691 | -€1,383 | -10.6% |
| Recurring financial charges | 65 | €13,074 | €11,691 | -€1,383 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | €885,542 | €844,370 | -€41,172 | -4.6% |
| Income taxes | 67/77 | €42,033 | €27,315 | -€14,718 | -35.0% |
| Profit (loss) for the period | 9904 | €843,509 | €817,055 | -€26,454 | -3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €843,509 | €817,055 | -€26,454 | -3.1% |
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 31 October 2026 via checked.be.