OFAC + ASSURANCES: 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.
OFAC + ASSURANCES
Largest movements
- Cash -€537,213
down €537,213 (-81.2%), from €661,434 to €124,221
mainly Other debts (-€843,179) and Current portion of long-term debt (-€128,227)
- Receivables within one year -€468,619
down €468,619 (-74.3%), from €630,376 to €161,757
of which Other amounts receivable: -€338,259
- Financial fixed assets -€285,120
down €285,120 (-100%), from €285,120 to €0
- Intangible fixed assets +€195,714
new in 2025: €195,714
- Other debts -€843,179
down €843,179 (-86.1%), from €979,290 to €136,111
- Current portion of long-term debt -€128,227
down €128,227 (-58.9%), from €217,697 to €89,471
- Profit (loss) carried forward -€67,876
down €67,876 (-28.0%), from €242,846 to €174,969
- Trade debts -€67,670
down €67,670 (-99.9%), from €67,711 to €41
- Tax, wage and social debts +€45,760
up €45,760 (+42.5%), from €107,676 to €153,436
of which Remuneration and social security: +€37,945
- Staff costs +€169,146
up €169,146 (+17.9%), from €943,211 to €1.1m
- Taxes -€93,603
down €93,603 (-92.2%), from €101,547 to €7,944
- Turnover -€90,248
down €90,248 (-2.9%), from €3.1m to €3.0m
- Purchases and services -€67,888
down €67,888 (-3.8%), from €1.8m to €1.7m
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 | €1,719,089 | €639,227 | -€1.1m | -62.8% |
| Fixed assets | 21/28 | €415,521 | €341,954 | -€73,566 | -17.7% |
| Intangible fixed assets | 21 | - | €195,714 | +€195,714 | |
| Tangible fixed assets | 22/27 | €130,401 | €146,240 | +€15,839 | +12.1% |
| Plant, machinery and equipment | 23 | €56,772 | €50,406 | -€6,367 | -11.2% |
| Furniture and vehicles | 24 | €72,739 | €95,835 | +€23,096 | +31.8% |
| Other tangible fixed assets | 26 | €890 | €0 | -€890 | -100% |
| Financial fixed assets | 28 | €285,120 | €0 | -€285,120 | -100% |
| Current assets | 29/58 | €1,303,568 | €297,273 | -€1.0m | -77.2% |
| Amounts receivable within one year | 40/41 | €630,376 | €161,757 | -€468,619 | -74.3% |
| Trade receivables | 40 | €290,697 | €160,336 | -€130,361 | -44.8% |
| Other amounts receivable | 41 | €339,679 | €1,421 | -€338,259 | -99.6% |
| Cash at bank and in hand | 54/58 | €661,434 | €124,221 | -€537,213 | -81.2% |
| Deferred charges and accrued income | 490/1 | €11,758 | €11,295 | -€463 | -3.9% |
| Total equity and liabilities | 10/49 | €1,719,089 | €639,227 | -€1.1m | -62.8% |
| Equity | 10/15 | €281,099 | €213,223 | -€67,876 | -24.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €19,703 | €19,703 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €17,848 | €17,848 | = | 0.0% |
| Profit (loss) carried forward | 14 | €242,846 | €174,969 | -€67,876 | -28.0% |
| Amounts payable | 17/49 | €1,437,990 | €426,004 | -€1.0m | -70.4% |
| Amounts payable after more than one year | 17 | €65,615 | €46,946 | -€18,669 | -28.5% |
| Financial debts | 170/4 | €65,615 | €46,946 | -€18,669 | -28.5% |
| Amounts payable within one year | 42/48 | €1,372,375 | €379,059 | -€993,317 | -72.4% |
| Current portion of amounts payable after more than one year | 42 | €217,697 | €89,471 | -€128,227 | -58.9% |
| Trade debts | 44 | €67,711 | €41 | -€67,670 | -99.9% |
| Suppliers | 440/4 | €67,711 | €41 | -€67,670 | -99.9% |
| Taxes, remuneration and social security | 45 | €107,676 | €153,436 | +€45,760 | +42.5% |
| Taxes | 450/3 | €1,547 | €9,362 | +€7,815 | +505% |
| Remuneration and social security | 454/9 | €106,130 | €144,074 | +€37,945 | +35.8% |
| Other amounts payable | 47/48 | €979,290 | €136,111 | -€843,179 | -86.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Turnover | 70 | €3,063,260 | €2,973,011 | -€90,248 | -2.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,793,873 | €1,725,985 | -€67,888 | -3.8% |
| Remuneration, social security and pensions | 62 | €943,211 | €1,112,357 | +€169,146 | +17.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,635 | €78,143 | +€8,509 | +12.2% |
| Other operating charges | 640/8 | €8,180 | €11,682 | +€3,502 | +42.8% |
| Non-recurring operating charges | 66A | - | €184,215 | +€184,215 | |
| Gross operating margin | 9900 | €1,320,065 | €1,325,780 | +€5,715 | +0.4% |
| Operating profit (loss) | 9901 | €299,039 | -€60,618 | -€359,657 | |
| Financial income | 75/76B | €4 | €11,651 | +€11,647 | +259,398% |
| Recurring financial income | 75 | €4 | €11,651 | +€11,647 | +259,398% |
| Financial charges | 65/66B | €12,872 | €10,966 | -€1,906 | -14.8% |
| Recurring financial charges | 65 | €12,872 | €10,966 | -€1,906 | -14.8% |
| Profit (loss) for the period before taxes | 9903 | €286,172 | -€59,932 | -€346,104 | |
| Income taxes | 67/77 | €101,547 | €7,944 | -€93,603 | -92.2% |
| Profit (loss) for the period | 9904 | €184,625 | -€67,876 | -€252,501 | |
| Profit (loss) for the period to be appropriated | 9905 | €184,625 | -€67,876 | -€252,501 |
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 28 October 2026 via checked.be.