NEVER OFFSIDE: 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.
NEVER OFFSIDE
Largest movements
- Receivables within one year -€27,275
down €27,275 (-44.2%), from €61,702 to €34,427
of which Trade receivables: -€33,897
- Cash +€25,520
up €25,520 (+109.8%), from €23,234 to €48,754
mainly Receivables within one year (+€27,275) and Depreciation (+€10,846)
- Tangible fixed assets -€9,975
down €9,975 (-21.6%), from €46,225 to €36,250
of which Furniture and vehicles: -€9,768
- Receivables after one year +€5,000
up €5,000 (+62.5%), from €8,000 to €13,000
- Tax, wage and social debts -€12,480
down €12,480 (-64.7%), from €19,282 to €6,802
of which Taxes: -€12,601
- Debts after one year -€8,623
down €8,623 (-27.3%), from €31,582 to €22,959
- Trade debts +€7,708
up €7,708 (+145.2%), from €5,309 to €13,017
- Reserves +€7,371
up €7,371 (+10.2%), from €72,250 to €79,622
of which Distributable reserves: +€7,371
- Gross operating margin -€15,197
down €15,197 (-37.2%), from €40,834 to €25,637
- Taxes -€6,141
down €6,141 (-57.0%), from €10,769 to €4,628
- Depreciation +€4,075
up €4,075 (+60.2%), from €6,771 to €10,846
- Other operating charges +€683
up €683 (+69.0%), from €990 to €1,673
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.
Cash bridge derived
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 | €158,790 | €152,152 | -€6,638 | -4.2% |
| Fixed assets | 21/28 | €63,725 | €53,750 | -€9,975 | -15.7% |
| Tangible fixed assets | 22/27 | €46,225 | €36,250 | -€9,975 | -21.6% |
| Plant, machinery and equipment | 23 | €1,653 | €1,446 | -€207 | -12.5% |
| Furniture and vehicles | 24 | €44,572 | €34,804 | -€9,768 | -21.9% |
| Financial fixed assets | 28 | €17,500 | €17,500 | = | 0.0% |
| Current assets | 29/58 | €95,065 | €98,402 | +€3,337 | +3.5% |
| Amounts receivable after more than one year | 29 | €8,000 | €13,000 | +€5,000 | +62.5% |
| Other amounts receivable | 291 | €8,000 | €13,000 | +€5,000 | +62.5% |
| Amounts receivable within one year | 40/41 | €61,702 | €34,427 | -€27,275 | -44.2% |
| Trade receivables | 40 | €61,595 | €27,698 | -€33,897 | -55.0% |
| Other amounts receivable | 41 | €107 | €6,729 | +€6,622 | +6208.0% |
| Cash at bank and in hand | 54/58 | €23,234 | €48,754 | +€25,520 | +109.8% |
| Deferred charges and accrued income | 490/1 | €2,129 | €2,221 | +€92 | +4.3% |
| Total equity and liabilities | 10/49 | €158,790 | €152,152 | -€6,638 | -4.2% |
| Equity | 10/15 | €92,545 | €99,916 | +€7,371 | +8.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €72,250 | €79,622 | +€7,371 | +10.2% |
| Tax-exempt reserves | 132 | €320 | €320 | = | 0.0% |
| Distributable reserves | 133 | €71,930 | €79,302 | +€7,371 | +10.2% |
| Profit (loss) carried forward | 14 | €14,094 | €14,094 | = | 0.0% |
| Amounts payable | 17/49 | €66,245 | €52,236 | -€14,009 | -21.1% |
| Amounts payable after more than one year | 17 | €31,582 | €22,959 | -€8,623 | -27.3% |
| Financial debts | 170/4 | €31,582 | €22,959 | -€8,623 | -27.3% |
| Amounts payable within one year | 42/48 | €34,663 | €29,276 | -€5,386 | -15.5% |
| Current portion of amounts payable after more than one year | 42 | €8,319 | €8,623 | +€304 | +3.6% |
| Financial debts | 43 | €1,101 | €834 | -€267 | -24.3% |
| Credit institutions | 430/8 | €1,101 | €834 | -€267 | -24.3% |
| Trade debts | 44 | €5,309 | €13,017 | +€7,708 | +145.2% |
| Suppliers | 440/4 | €5,309 | €13,017 | +€7,708 | +145.2% |
| Taxes, remuneration and social security | 45 | €19,282 | €6,802 | -€12,480 | -64.7% |
| Taxes | 450/3 | €17,000 | €4,399 | -€12,601 | -74.1% |
| Remuneration and social security | 454/9 | €2,282 | €2,404 | +€121 | +5.3% |
| Other amounts payable | 47/48 | €651 | €0 | -€651 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,771 | €10,846 | +€4,075 | +60.2% |
| Other operating charges | 640/8 | €990 | €1,673 | +€683 | +69.0% |
| Gross operating margin | 9900 | €40,834 | €25,637 | -€15,197 | -37.2% |
| Operating profit (loss) | 9901 | €33,073 | €13,118 | -€19,955 | -60.3% |
| Financial income | 75/76B | €401 | €449 | +€48 | +12.0% |
| Recurring financial income | 75 | €401 | €449 | +€48 | +12.0% |
| Financial charges | 65/66B | €1,376 | €1,567 | +€191 | +13.9% |
| Recurring financial charges | 65 | €1,376 | €1,567 | +€191 | +13.9% |
| Profit (loss) for the period before taxes | 9903 | €32,097 | €12,000 | -€20,098 | -62.6% |
| Income taxes | 67/77 | €10,769 | €4,628 | -€6,141 | -57.0% |
| Profit (loss) for the period | 9904 | €21,328 | €7,371 | -€13,957 | -65.4% |
| Profit (loss) for the period to be appropriated | 9905 | €21,328 | €7,371 | -€13,957 | -65.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.