BRUSSELS OFFICES CENTER: 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.
BRUSSELS OFFICES CENTER
Largest movements
- Tangible fixed assets -€54,807
down €54,807 (-4.7%), from €1.2m to €1.1m
of which Land and buildings: -€37,485
- Debts after one year -€44,433
down €44,433 (-5.4%), from €829,802 to €785,369
of which Financial debts: -€46,418
- Reserves -€19,384
down €19,384 (-11.0%), from €176,632 to €157,248
of which Tax-exempt reserves: -€19,343
- Profit (loss) carried forward +€16,720
up €16,720 (+20.4%), from €82,141 to €98,861
- Staff costs -€8,758
no longer reported in 2024 (was €8,758)
- Gross operating margin +€8,625
up €8,625 (+8.0%), from €107,652 to €116,278
- Taxes +€3,206
up €3,206 (+46.2%), from €6,938 to €10,144
From the 2023 result to the 2024 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
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,618,096 | €1,572,441 | -€45,654 | -2.8% |
| Fixed assets | 21/28 | €1,600,779 | €1,545,972 | -€54,807 | -3.4% |
| Intangible fixed assets | 21 | €438,591 | €438,591 | = | 0.0% |
| Tangible fixed assets | 22/27 | €1,161,136 | €1,106,329 | -€54,807 | -4.7% |
| Land and buildings | 22 | €1,075,805 | €1,038,319 | -€37,485 | -3.5% |
| Plant, machinery and equipment | 23 | €85,331 | €68,010 | -€17,321 | -20.3% |
| Financial fixed assets | 28 | €1,051 | €1,051 | = | 0.0% |
| Current assets | 29/58 | €17,317 | €26,469 | +€9,153 | +52.9% |
| Amounts receivable within one year | 40/41 | €12,876 | €17,041 | +€4,166 | +32.4% |
| Trade receivables | 40 | €12,876 | €3,421 | -€9,454 | -73.4% |
| Other amounts receivable | 41 | - | €13,620 | +€13,620 | |
| Cash at bank and in hand | 54/58 | €4,441 | €9,428 | +€4,987 | +112.3% |
| Total equity and liabilities | 10/49 | €1,618,096 | €1,572,441 | -€45,654 | -2.8% |
| Equity | 10/15 | €277,365 | €274,741 | -€2,623 | -0.9% |
| Contributions | 10/11 | €18,592 | €18,632 | +€40 | +0.2% |
| Reserves | 13 | €176,632 | €157,248 | -€19,384 | -11.0% |
| Non-distributable reserves | 130/1 | €40 | - | -€40 | |
| Reserves not available under the articles | 1311 | €40 | - | -€40 | |
| Tax-exempt reserves | 132 | €132,193 | €112,849 | -€19,343 | -14.6% |
| Distributable reserves | 133 | €44,399 | €44,399 | = | 0.0% |
| Profit (loss) carried forward | 14 | €82,141 | €98,861 | +€16,720 | +20.4% |
| Provisions and deferred taxes | 16 | €68,069 | €58,108 | -€9,960 | -14.6% |
| Deferred taxes | 168 | €68,069 | €58,108 | -€9,960 | -14.6% |
| Amounts payable | 17/49 | €1,272,662 | €1,239,591 | -€33,070 | -2.6% |
| Amounts payable after more than one year | 17 | €829,802 | €785,369 | -€44,433 | -5.4% |
| Financial debts | 170/4 | €724,342 | €677,924 | -€46,418 | -6.4% |
| Other amounts payable | 178/9 | €105,460 | €107,445 | +€1,985 | +1.9% |
| Amounts payable within one year | 42/48 | €442,859 | €454,222 | +€11,363 | +2.6% |
| Current portion of amounts payable after more than one year | 42 | €141,753 | €149,811 | +€8,057 | +5.7% |
| Trade debts | 44 | €85,535 | €80,882 | -€4,653 | -5.4% |
| Suppliers | 440/4 | €85,535 | €80,882 | -€4,653 | -5.4% |
| Taxes, remuneration and social security | 45 | €39,840 | €40,947 | +€1,107 | +2.8% |
| Taxes | 450/3 | €39,840 | €40,947 | +€1,107 | +2.8% |
| Other amounts payable | 47/48 | €175,731 | €182,582 | +€6,851 | +3.9% |
| Remuneration, social security and pensions | 62 | €8,758 | - | -€8,758 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,807 | €54,807 | -€0 | 0.0% |
| Other operating charges | 640/8 | €33,170 | €32,102 | -€1,068 | -3.2% |
| Gross operating margin | 9900 | €107,652 | €116,278 | +€8,625 | +8.0% |
| Operating profit (loss) | 9901 | €10,918 | €29,369 | +€18,452 | +169.0% |
| Financial charges | 65/66B | €30,758 | €31,809 | +€1,051 | +3.4% |
| Recurring financial charges | 65 | €30,758 | €31,809 | +€1,051 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | -€19,841 | -€2,440 | +€17,400 | +87.7% |
| Transfer from deferred taxes | 780 | €9,960 | €9,960 | = | 0.0% |
| Income taxes | 67/77 | €6,938 | €10,144 | +€3,206 | +46.2% |
| Profit (loss) for the period | 9904 | -€16,818 | -€2,623 | +€14,194 | +84.4% |
| Transfer from tax-exempt reserves | 789 | €19,343 | €19,343 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,526 | €16,720 | +€14,194 | +562.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.