MY OFFICE: 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.
MY OFFICE
Largest movements
- Tangible fixed assets +€227,919
up €227,919 (+43.5%), from €523,860 to €751,779
of which Assets under construction and advance payments: +€252,005
- Cash +€29,768
up €29,768 (+148%), from €20,051 to €49,819
mainly Debts after one year (+€172,891) and Short-term financial debts (+€149,046)
- Debts after one year +€172,891
up €172,891 (+49.6%), from €348,777 to €521,667
- Short-term financial debts +€149,046
up €149,046 (+33.1%), from €450,000 to €599,046
- Profit (loss) carried forward -€41,422
down €41,422 (-8.6%), from -€479,663 to -€521,084
- Other debts -€41,071
down €41,071 (-100%), from €41,071 to €0
- Accrued charges and deferred income +€17,281
up €17,281 (+497%), from €3,478 to €20,759
- Financial charges +€5,896
up €5,896 (+23.2%), from €25,426 to €31,322
- Gross operating margin +€4,628
up €4,628 (+20.9%), from €22,146 to €26,773
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 | €546,376 | €802,271 | +€255,895 | +46.8% |
| Fixed assets | 21/28 | €523,860 | €751,779 | +€227,919 | +43.5% |
| Tangible fixed assets | 22/27 | €523,860 | €751,779 | +€227,919 | +43.5% |
| Land and buildings | 22 | €482,592 | €458,506 | -€24,086 | -5.0% |
| Assets under construction and advance payments | 27 | €41,268 | €293,273 | +€252,005 | +611% |
| Current assets | 29/58 | €22,516 | €50,492 | +€27,976 | +124% |
| Amounts receivable within one year | 40/41 | €1,879 | €0 | -€1,879 | -100% |
| Trade receivables | 40 | €1,448 | €0 | -€1,448 | -100% |
| Other amounts receivable | 41 | €430 | €0 | -€430 | -100% |
| Cash at bank and in hand | 54/58 | €20,051 | €49,819 | +€29,768 | +148% |
| Deferred charges and accrued income | 490/1 | €586 | €673 | +€87 | +14.9% |
| Total equity and liabilities | 10/49 | €546,376 | €802,271 | +€255,895 | +46.8% |
| Equity | 10/15 | -€302,878 | -€344,299 | -€41,422 | -13.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €170,585 | €170,585 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €151,835 | €151,835 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€479,663 | -€521,084 | -€41,422 | -8.6% |
| Amounts payable | 17/49 | €849,254 | €1,146,570 | +€297,317 | +35.0% |
| Amounts payable after more than one year | 17 | €348,777 | €521,667 | +€172,891 | +49.6% |
| Other amounts payable | 178/9 | €348,777 | €521,667 | +€172,891 | +49.6% |
| Amounts payable within one year | 42/48 | €496,999 | €604,144 | +€107,145 | +21.6% |
| Financial debts | 43 | €450,000 | €599,046 | +€149,046 | +33.1% |
| Credit institutions | 430/8 | €450,000 | €599,046 | +€149,046 | +33.1% |
| Trade debts | 44 | €5,929 | €5,098 | -€830 | -14.0% |
| Suppliers | 440/4 | €5,929 | €5,098 | -€830 | -14.0% |
| Other amounts payable | 47/48 | €41,071 | €0 | -€41,071 | -100% |
| Accrued charges and deferred income | 492/3 | €3,478 | €20,759 | +€17,281 | +497% |
| Non-recurring operating income | 76A | - | €2,129 | +€2,129 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,086 | €24,086 | = | 0.0% |
| Other operating charges | 640/8 | €10,516 | €10,675 | +€159 | +1.5% |
| Non-recurring operating charges | 66A | - | €2,129 | +€2,129 | |
| Gross operating margin | 9900 | €22,146 | €26,773 | +€4,628 | +20.9% |
| Operating profit (loss) | 9901 | -€12,457 | -€10,116 | +€2,341 | +18.8% |
| Financial income | 75/76B | €5 | €17 | +€11 | +205% |
| Recurring financial income | 75 | €5 | €17 | +€11 | +205% |
| Financial charges | 65/66B | €25,426 | €31,322 | +€5,896 | +23.2% |
| Recurring financial charges | 65 | €25,426 | €31,322 | +€5,896 | +23.2% |
| Profit (loss) for the period before taxes | 9903 | -€37,877 | -€41,422 | -€3,544 | -9.4% |
| Profit (loss) for the period | 9904 | -€37,877 | -€41,422 | -€3,544 | -9.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,877 | -€41,422 | -€3,544 | -9.4% |
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 20 October 2026 via checked.be.