PANORAMA EVENEMENTS: what changed
PANORAMA EVENEMENTS
Largest movements
- Receivables within one year +€594,009
up €594,009 (+120%), from €493,872 to €1.1m
of which Trade receivables: +€575,912
- Intangible fixed assets +€272,825
up €272,825 (+1,120%), from €24,362 to €297,187
- Receivables after one year +€225,000
up €225,000 (+64.3%), from €350,000 to €575,000
- Tangible fixed assets -€103,659
down €103,659 (-8.5%), from €1.2m to €1.1m
- Cash +€97,784
up €97,784 (+606%), from €16,143 to €113,927
mainly Debts after one year (+€529,875) and Trade debts (+€278,627)
- Debts after one year +€529,875
up €529,875 (+64.1%), from €826,543 to €1.4m
of which Other amounts payable: +€640,000
- Trade debts +€278,627
up €278,627 (+248%), from €112,267 to €390,894
- Profit (loss) carried forward +€272,088
up €272,088 (+32.3%), from €841,450 to €1.1m
- Other debts -€209,200
down €209,200 (-67.1%), from €311,864 to €102,664
- Tax, wage and social debts +€124,011
up €124,011 (+249%), from €49,886 to €173,897
of which Taxes: +€115,523
- Gross operating margin +€553,762
up €553,762 (+115%), from €482,169 to €1.0m
- Taxes +€134,644
new in 2024: €134,644
- Staff costs +€89,180
up €89,180 (+26.4%), from €337,939 to €427,119
- Financial income -€86,728
down €86,728 (-83.4%), from €103,986 to €17,258
- Depreciation -€63,587
down €63,587 (-27.1%), from €234,421 to €170,834
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,259,587 | €3,259,396 | +€999,809 | +44.2% |
| Fixed assets | 21/28 | €1,245,710 | €1,414,876 | +€169,166 | +13.6% |
| Intangible fixed assets | 21 | €24,362 | €297,187 | +€272,825 | +1,120% |
| Tangible fixed assets | 22/27 | €1,214,785 | €1,111,126 | -€103,659 | -8.5% |
| Land and buildings | 22 | €515,361 | €484,207 | -€31,154 | -6.0% |
| Plant, machinery and equipment | 23 | €131,650 | €142,111 | +€10,461 | +7.9% |
| Furniture and vehicles | 24 | €146,749 | €112,473 | -€34,276 | -23.4% |
| Leasing and similar rights | 25 | €421,025 | €372,335 | -€48,690 | -11.6% |
| Financial fixed assets | 28 | €6,563 | €6,563 | = | 0.0% |
| Current assets | 29/58 | €1,013,877 | €1,844,520 | +€830,643 | +81.9% |
| Amounts receivable after more than one year | 29 | €350,000 | €575,000 | +€225,000 | +64.3% |
| Other amounts receivable | 291 | €350,000 | €575,000 | +€225,000 | +64.3% |
| Stocks and contracts in progress | 3 | €152,770 | €65,630 | -€87,140 | -57.0% |
| Stocks | 30/36 | €152,770 | €65,630 | -€87,140 | -57.0% |
| Amounts receivable within one year | 40/41 | €493,872 | €1,087,881 | +€594,009 | +120% |
| Trade receivables | 40 | €455,453 | €1,031,365 | +€575,912 | +126% |
| Other amounts receivable | 41 | €38,419 | €56,516 | +€18,097 | +47.1% |
| Cash at bank and in hand | 54/58 | €16,143 | €113,927 | +€97,784 | +606% |
| Deferred charges and accrued income | 490/1 | €1,092 | €2,082 | +€990 | +90.7% |
| Total equity and liabilities | 10/49 | €2,259,587 | €3,259,396 | +€999,809 | +44.2% |
| Equity | 10/15 | €853,310 | €1,125,398 | +€272,088 | +31.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €841,450 | €1,113,538 | +€272,088 | +32.3% |
| Amounts payable | 17/49 | €1,406,277 | €2,133,998 | +€727,721 | +51.7% |
| Amounts payable after more than one year | 17 | €826,543 | €1,356,418 | +€529,875 | +64.1% |
| Financial debts | 170/4 | €826,543 | €716,418 | -€110,125 | -13.3% |
| Other amounts payable | 178/9 | - | €640,000 | +€640,000 | |
| Amounts payable within one year | 42/48 | €579,734 | €777,580 | +€197,846 | +34.1% |
| Current portion of amounts payable after more than one year | 42 | €105,717 | €110,125 | +€4,408 | +4.2% |
| Trade debts | 44 | €112,267 | €390,894 | +€278,627 | +248% |
| Suppliers | 440/4 | €112,267 | €390,894 | +€278,627 | +248% |
| Taxes, remuneration and social security | 45 | €49,886 | €173,897 | +€124,011 | +249% |
| Taxes | 450/3 | €19,072 | €134,595 | +€115,523 | +606% |
| Remuneration and social security | 454/9 | €30,814 | €39,302 | +€8,488 | +27.5% |
| Other amounts payable | 47/48 | €311,864 | €102,664 | -€209,200 | -67.1% |
| Remuneration, social security and pensions | 62 | €337,939 | €427,119 | +€89,180 | +26.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €234,421 | €170,834 | -€63,587 | -27.1% |
| Other operating charges | 640/8 | €13,297 | €13,119 | -€178 | -1.3% |
| Gross operating margin | 9900 | €482,169 | €1,035,931 | +€553,762 | +115% |
| Operating profit (loss) | 9901 | -€103,488 | €424,859 | +€528,347 | |
| Financial income | 75/76B | €103,986 | €17,258 | -€86,728 | -83.4% |
| Recurring financial income | 75 | €103,986 | €17,258 | -€86,728 | -83.4% |
| Financial charges | 65/66B | €35,284 | €35,385 | +€101 | +0.3% |
| Recurring financial charges | 65 | €35,284 | €35,385 | +€101 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | -€34,786 | €406,732 | +€441,518 | |
| Income taxes | 67/77 | - | €134,644 | +€134,644 | |
| Profit (loss) for the period | 9904 | -€34,786 | €272,088 | +€306,874 | |
| Profit (loss) for the period to be appropriated | 9905 | -€34,786 | €272,088 | +€306,874 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.