"Frederik Offermans": 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.
"Frederik Offermans"
Largest movements
- Cash +€37,655
up €37,655 (+29.6%), from €127,190 to €164,845
mainly Net result for the year (+€60,343) and Other debts (+€26,982)
- Deferred charges and accrued income -€17,226
no longer reported in 2025 (was €17,226)
- Tangible fixed assets -€13,944
down €13,944 (-5.0%), from €276,912 to €262,968
of which Land and buildings: -€11,273
- Other debts +€26,982
new in 2025: €26,982
- Current portion of long-term debt -€21,890
down €21,890 (-60.0%), from €36,465 to €14,576
- Debts after one year -€14,576
down €14,576 (-7.8%), from €186,630 to €172,055
- Tax, wage and social debts +€8,780
up €8,780 (+69.3%), from €12,673 to €21,453
- Reserves +€7,597
up €7,597 (+2.5%), from €306,033 to €313,630
- Turnover +€233,887
new in 2025: €233,887
- Gross operating margin -€15,670
down €15,670 (-12.5%), from €125,590 to €109,920
- Financial charges -€3,909
down €3,909 (-61.6%), from €6,346 to €2,437
- Taxes -€2,620
down €2,620 (-10.2%), from €25,640 to €23,020
- Depreciation -€2,461
down €2,461 (-10.9%), from €22,544 to €20,083
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 | €555,167 | €560,691 | +€5,524 | +1.0% |
| Fixed assets | 21/28 | €276,912 | €262,968 | -€13,944 | -5.0% |
| Tangible fixed assets | 22/27 | €276,912 | €262,968 | -€13,944 | -5.0% |
| Land and buildings | 22 | €269,344 | €258,071 | -€11,273 | -4.2% |
| Furniture and vehicles | 24 | €7,568 | €4,897 | -€2,671 | -35.3% |
| Current assets | 29/58 | €278,256 | €297,723 | +€19,468 | +7.0% |
| Amounts receivable after more than one year | 29 | €100,000 | €100,000 | = | 0.0% |
| Trade receivables | 290 | €100,000 | €100,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €33,839 | €32,879 | -€961 | -2.8% |
| Trade receivables | 40 | €29,965 | €31,965 | +€2,000 | +6.7% |
| Other amounts receivable | 41 | €3,874 | €914 | -€2,961 | -76.4% |
| Cash at bank and in hand | 54/58 | €127,190 | €164,845 | +€37,655 | +29.6% |
| Deferred charges and accrued income | 490/1 | €17,226 | - | -€17,226 | |
| Total equity and liabilities | 10/49 | €555,167 | €560,691 | +€5,524 | +1.0% |
| Equity | 10/15 | €316,033 | €323,630 | +€7,597 | +2.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Capital | 10 | €10,000 | €10,000 | = | 0.0% |
| Issued capital | 100 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €306,033 | €313,630 | +€7,597 | +2.5% |
| Distributable reserves | 133 | €306,033 | €313,630 | +€7,597 | +2.5% |
| Amounts payable | 17/49 | €239,134 | €237,061 | -€2,073 | -0.9% |
| Amounts payable after more than one year | 17 | €186,630 | €172,055 | -€14,576 | -7.8% |
| Financial debts | 170/4 | €186,630 | €172,055 | -€14,576 | -7.8% |
| Amounts payable within one year | 42/48 | €52,504 | €65,006 | +€12,502 | +23.8% |
| Current portion of amounts payable after more than one year | 42 | €36,465 | €14,576 | -€21,890 | -60.0% |
| Trade debts | 44 | €3,366 | €1,996 | -€1,370 | -40.7% |
| Suppliers | 440/4 | €3,366 | €1,996 | -€1,370 | -40.7% |
| Taxes, remuneration and social security | 45 | €12,673 | €21,453 | +€8,780 | +69.3% |
| Taxes | 450/3 | €12,673 | €21,453 | +€8,780 | +69.3% |
| Other amounts payable | 47/48 | - | €26,982 | +€26,982 | |
| Turnover | 70 | - | €233,887 | +€233,887 | |
| Remuneration, social security and pensions | 62 | - | €1,584 | +€1,584 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,544 | €20,083 | -€2,461 | -10.9% |
| Other operating charges | 640/8 | €3,846 | €2,453 | -€1,392 | -36.2% |
| Gross operating margin | 9900 | €125,590 | €109,920 | -€15,670 | -12.5% |
| Operating profit (loss) | 9901 | €99,200 | €85,800 | -€13,401 | -13.5% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €6,346 | €2,437 | -€3,909 | -61.6% |
| Recurring financial charges | 65 | €6,346 | €2,437 | -€3,909 | -61.6% |
| Profit (loss) for the period before taxes | 9903 | €92,855 | €83,362 | -€9,492 | -10.2% |
| Income taxes | 67/77 | €25,640 | €23,020 | -€2,620 | -10.2% |
| Profit (loss) for the period | 9904 | €67,215 | €60,343 | -€6,872 | -10.2% |
| Profit (loss) for the period to be appropriated | 9905 | €67,215 | €60,343 | -€6,872 | -10.2% |
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 14 October 2026 via checked.be.