PANORAMIC ESTATES: 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.
PANORAMIC ESTATES
Largest movements
- Receivables within one year -€8,780
down €8,780 (-14.4%), from €60,874 to €52,094
- Profit (loss) carried forward -€9,986
down €9,986 (-6.8%), from €146,914 to €136,928
- Write-downs +€5,701
new in 2025: €5,701
- Gross operating margin -€1,620
down €1,620 (-123%), from -€1,319 to -€2,940
- Financial income -€1,445
no longer reported in 2025 (was €1,445)
- Financial charges +€85
up €85 (+1,128%), from €8 to €92
- Other operating charges -€35
down €35 (-2.7%), from €1,288 to €1,253
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 | €353,178 | €344,984 | -€8,194 | -2.3% |
| Current assets | 29/58 | €353,178 | €344,984 | -€8,194 | -2.3% |
| Stocks and contracts in progress | 3 | €49,238 | €49,238 | = | 0.0% |
| Stocks | 30/36 | €49,238 | €49,238 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €60,874 | €52,094 | -€8,780 | -14.4% |
| Other amounts receivable | 41 | €60,874 | €52,094 | -€8,780 | -14.4% |
| Cash at bank and in hand | 54/58 | €29 | €615 | +€585 | +2,001% |
| Deferred charges and accrued income | 490/1 | €243,037 | €243,037 | = | 0.0% |
| Total equity and liabilities | 10/49 | €353,178 | €344,984 | -€8,194 | -2.3% |
| Equity | 10/15 | €167,374 | €157,388 | -€9,986 | -6.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 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 | €146,914 | €136,928 | -€9,986 | -6.8% |
| Provisions and deferred taxes | 16 | €32,598 | €32,598 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €32,598 | €32,598 | = | 0.0% |
| Other liabilities and charges | 164/5 | €32,598 | €32,598 | = | 0.0% |
| Amounts payable | 17/49 | €153,206 | €154,998 | +€1,792 | +1.2% |
| Amounts payable within one year | 42/48 | €153,206 | €154,998 | +€1,792 | +1.2% |
| Trade debts | 44 | €34,061 | €35,517 | +€1,456 | +4.3% |
| Suppliers | 440/4 | €34,061 | €35,517 | +€1,456 | +4.3% |
| Taxes, remuneration and social security | 45 | €664 | - | -€664 | |
| Taxes | 450/3 | €664 | - | -€664 | |
| Other amounts payable | 47/48 | €118,481 | €119,481 | +€1,000 | +0.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €5,701 | +€5,701 | |
| Other operating charges | 640/8 | €1,288 | €1,253 | -€35 | -2.7% |
| Gross operating margin | 9900 | -€1,319 | -€2,940 | -€1,620 | -123% |
| Operating profit (loss) | 9901 | -€2,608 | -€9,894 | -€7,286 | -279% |
| Financial income | 75/76B | €1,445 | - | -€1,445 | |
| Recurring financial income | 75 | €1,445 | - | -€1,445 | |
| Financial charges | 65/66B | €8 | €92 | +€85 | +1,128% |
| Recurring financial charges | 65 | €8 | €92 | +€85 | +1,128% |
| Profit (loss) for the period before taxes | 9903 | -€1,170 | -€9,986 | -€8,816 | -754% |
| Profit (loss) for the period | 9904 | -€1,170 | -€9,986 | -€8,816 | -754% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,170 | -€9,986 | -€8,816 | -754% |
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 17 October 2026 via checked.be.