PARC PANORAMA: 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.
PARC PANORAMA
Largest movements
- Receivables after one year -€437,806
no longer reported in 2025 (was €437,806)
- Receivables within one year +€248,095
up €248,095 (+900%), from €27,566 to €275,661
of which Other amounts receivable: +€248,398
- Financial fixed assets -€217,500
down €217,500 (-99.8%), from €218,000 to €500
- Stocks and contracts +€55,962
up €55,962 (+8.9%), from €627,083 to €683,045
- Contributions -€330,000
down €330,000 (-28.7%), from €1.2m to €820,000
- Other debts -€36,989
down €36,989 (-72.1%), from €51,296 to €14,307
- Gross operating margin -€55,179
down €55,179, from €50,684 to -€4,495
- Financial income +€3,425
up €3,425 (+24.9%), from €13,775 to €17,200
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 | €1,322,463 | €961,397 | -€361,066 | -27.3% |
| Formation expenses | 20 | €947 | - | -€947 | |
| Fixed assets | 21/28 | €218,000 | €500 | -€217,500 | -99.8% |
| Financial fixed assets | 28 | €218,000 | €500 | -€217,500 | -99.8% |
| Current assets | 29/58 | €1,103,516 | €960,897 | -€142,619 | -12.9% |
| Amounts receivable after more than one year | 29 | €437,806 | - | -€437,806 | |
| Other amounts receivable | 291 | €437,806 | - | -€437,806 | |
| Stocks and contracts in progress | 3 | €627,083 | €683,045 | +€55,962 | +8.9% |
| Stocks | 30/36 | €627,083 | €683,045 | +€55,962 | +8.9% |
| Amounts receivable within one year | 40/41 | €27,566 | €275,661 | +€248,095 | +900% |
| Trade receivables | 40 | €303 | - | -€303 | |
| Other amounts receivable | 41 | €27,263 | €275,661 | +€248,398 | +911% |
| Cash at bank and in hand | 54/58 | €9,963 | €2,058 | -€7,906 | -79.3% |
| Deferred charges and accrued income | 490/1 | €1,098 | €133 | -€965 | -87.9% |
| Total equity and liabilities | 10/49 | €1,322,463 | €961,397 | -€361,066 | -27.3% |
| Equity | 10/15 | €1,270,659 | €946,710 | -€323,950 | -25.5% |
| Contributions | 10/11 | €1,150,000 | €820,000 | -€330,000 | -28.7% |
| Capital | 10 | €1,150,000 | €820,000 | -€330,000 | -28.7% |
| Issued capital | 100 | €1,574,940 | €820,000 | -€754,940 | -47.9% |
| Uncalled capital | 101 | €424,940 | - | -€424,940 | |
| Reserves | 13 | €100,000 | €100,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100,000 | €100,000 | = | 0.0% |
| Legal reserve | 130 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,659 | €26,710 | +€6,050 | +29.3% |
| Amounts payable | 17/49 | €51,804 | €14,688 | -€37,116 | -71.6% |
| Amounts payable within one year | 42/48 | €51,734 | €14,688 | -€37,046 | -71.6% |
| Trade debts | 44 | €276 | €381 | +€105 | +38.2% |
| Suppliers | 440/4 | €276 | €381 | +€105 | +38.2% |
| Taxes, remuneration and social security | 45 | €162 | - | -€162 | |
| Taxes | 450/3 | €162 | - | -€162 | |
| Other amounts payable | 47/48 | €51,296 | €14,307 | -€36,989 | -72.1% |
| Accrued charges and deferred income | 492/3 | €70 | - | -€70 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €947 | €947 | +€0 | 0.0% |
| Other operating charges | 640/8 | €3,447 | €3,670 | +€223 | +6.5% |
| Non-recurring operating charges | 66A | €52,235 | - | -€52,235 | |
| Gross operating margin | 9900 | €50,684 | -€4,495 | -€55,179 | |
| Operating profit (loss) | 9901 | -€5,944 | -€9,111 | -€3,167 | -53.3% |
| Financial income | 75/76B | €13,775 | €17,200 | +€3,425 | +24.9% |
| Recurring financial income | 75 | €13,775 | €17,200 | +€3,425 | +24.9% |
| Financial charges | 65/66B | €1,973 | €2,038 | +€65 | +3.3% |
| Recurring financial charges | 65 | €1,973 | €2,038 | +€65 | +3.3% |
| Profit (loss) for the period before taxes | 9903 | €5,858 | €6,050 | +€192 | +3.3% |
| Profit (loss) for the period | 9904 | €5,858 | €6,050 | +€192 | +3.3% |
| Profit (loss) for the period to be appropriated | 9905 | €5,858 | €6,050 | +€192 | +3.3% |
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 17 October 2026 via checked.be.