NO 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.
NO OFFICE
Largest movements
- Formation expenses +€15,991
new in 2025: €15,991
- Receivables within one year -€9,632
down €9,632 (-33.9%), from €28,419 to €18,787
- Tangible fixed assets -€5,188
down €5,188 (-11.5%), from €44,997 to €39,809
of which Leasing and similar rights: -€5,669
- Cash -€1,367
down €1,367 (-87.9%), from €1,554 to €187
mainly Investment in fixed assets (net) (-€25,727) and Current portion of long-term debt (-€5,764)
- Tax, wage and social debts +€5,927
up €5,927 (+62.2%), from €9,537 to €15,464
of which Remuneration and social security: +€6,154
- Current portion of long-term debt -€5,764
down €5,764 (-34.4%), from €16,764 to €11,000
- Advances received -€1,313
no longer reported in 2025 (was €1,313)
- Debts after one year +€998
up €998 (+2.0%), from €49,998 to €50,996
- Gross operating margin -€1,620
down €1,620 (-8.8%), from €18,411 to €16,791
- Other operating charges -€1,205
down €1,205 (-57.2%), from €2,104 to €900
- Depreciation +€782
up €782 (+5.5%), from €14,143 to €14,924
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 | €96,098 | €96,331 | +€233 | +0.2% |
| Formation expenses | 20 | - | €15,991 | +€15,991 | |
| Fixed assets | 21/28 | €44,997 | €39,809 | -€5,188 | -11.5% |
| Tangible fixed assets | 22/27 | €44,997 | €39,809 | -€5,188 | -11.5% |
| Plant, machinery and equipment | 23 | €11,283 | €7,841 | -€3,442 | -30.5% |
| Furniture and vehicles | 24 | €2,636 | €5,167 | +€2,531 | +96.0% |
| Leasing and similar rights | 25 | €5,669 | - | -€5,669 | |
| Other tangible fixed assets | 26 | €25,409 | €26,801 | +€1,392 | +5.5% |
| Current assets | 29/58 | €51,101 | €40,531 | -€10,569 | -20.7% |
| Stocks and contracts in progress | 3 | €20,000 | €20,000 | = | 0.0% |
| Contracts in progress | 37 | €20,000 | €20,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €28,419 | €18,787 | -€9,632 | -33.9% |
| Trade receivables | 40 | €28,419 | €18,787 | -€9,632 | -33.9% |
| Cash at bank and in hand | 54/58 | €1,554 | €187 | -€1,367 | -87.9% |
| Deferred charges and accrued income | 490/1 | €1,128 | €1,557 | +€429 | +38.1% |
| Total equity and liabilities | 10/49 | €96,098 | €96,331 | +€233 | +0.2% |
| Equity | 10/15 | €3,692 | €3,535 | -€157 | -4.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €692 | €535 | -€157 | -22.7% |
| Amounts payable | 17/49 | €92,406 | €92,796 | +€390 | +0.4% |
| Amounts payable after more than one year | 17 | €49,998 | €50,996 | +€998 | +2.0% |
| Financial debts | 170/4 | €49,998 | €50,996 | +€998 | +2.0% |
| Amounts payable within one year | 42/48 | €42,264 | €41,512 | -€752 | -1.8% |
| Current portion of amounts payable after more than one year | 42 | €16,764 | €11,000 | -€5,764 | -34.4% |
| Trade debts | 44 | €14,649 | €15,047 | +€398 | +2.7% |
| Suppliers | 440/4 | €14,649 | €15,047 | +€398 | +2.7% |
| Advances received on contracts in progress | 46 | €1,313 | - | -€1,313 | |
| Taxes, remuneration and social security | 45 | €9,537 | €15,464 | +€5,927 | +62.2% |
| Taxes | 450/3 | €2,271 | €2,045 | -€227 | -10.0% |
| Remuneration and social security | 454/9 | €7,266 | €13,420 | +€6,154 | +84.7% |
| Accrued charges and deferred income | 492/3 | €144 | €288 | +€144 | +100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,143 | €14,924 | +€782 | +5.5% |
| Other operating charges | 640/8 | €2,104 | €900 | -€1,205 | -57.2% |
| Non-recurring operating charges | 66A | - | €339 | +€339 | |
| Gross operating margin | 9900 | €18,411 | €16,791 | -€1,620 | -8.8% |
| Operating profit (loss) | 9901 | €2,164 | €628 | -€1,537 | -71.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €936 | €785 | -€152 | -16.2% |
| Recurring financial charges | 65 | €936 | €785 | -€152 | -16.2% |
| Profit (loss) for the period before taxes | 9903 | €1,228 | -€157 | -€1,385 | |
| Profit (loss) for the period | 9904 | €1,228 | -€157 | -€1,385 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,228 | -€157 | -€1,385 |
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 13 October 2026 via checked.be.