OFCOURSE: 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.
OFCOURSE
Largest movements
- Cash -€52,169
down €52,169 (-87.1%), from €59,872 to €7,703
mainly Net result for the year (-€45,689) and Debts after one year (-€21,161)
- Tangible fixed assets -€27,164
down €27,164 (-37.7%), from €71,980 to €44,816
of which Land and buildings: -€18,600
- Profit (loss) carried forward -€45,689
down €45,689 (-64.0%), from -€71,358 to -€117,047
- Debts after one year -€21,161
down €21,161 (-38.7%), from €54,666 to €33,505
- Other debts -€16,438
down €16,438 (-34.3%), from €47,867 to €31,429
- Trade debts +€2,315
up €2,315 (+251.5%), from €920 to €3,235
- Gross operating margin -€35,528
down €35,528, from €23,236 to -€12,293
- Financial charges -€1,520
down €1,520 (-28.5%), from €5,335 to €3,816
- Depreciation +€336
up €336 (+1.3%), from €26,828 to €27,164
- Other operating charges -€281
down €281 (-11.5%), from €2,445 to €2,164
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 | €135,278 | €54,026 | -€81,251 | -60.1% |
| Fixed assets | 21/28 | €71,980 | €44,816 | -€27,164 | -37.7% |
| Tangible fixed assets | 22/27 | €71,980 | €44,816 | -€27,164 | -37.7% |
| Land and buildings | 22 | €55,800 | €37,200 | -€18,600 | -33.3% |
| Furniture and vehicles | 24 | €7,475 | €869 | -€6,606 | -88.4% |
| Other tangible fixed assets | 26 | €8,704 | €6,747 | -€1,958 | -22.5% |
| Current assets | 29/58 | €63,298 | €9,211 | -€54,087 | -85.4% |
| Amounts receivable within one year | 40/41 | €2,474 | €1,508 | -€966 | -39.0% |
| Other amounts receivable | 41 | €2,474 | €1,508 | -€966 | -39.0% |
| Cash at bank and in hand | 54/58 | €59,872 | €7,703 | -€52,169 | -87.1% |
| Deferred charges and accrued income | 490/1 | €952 | - | -€952 | |
| Total equity and liabilities | 10/49 | €135,278 | €54,026 | -€81,251 | -60.1% |
| Equity | 10/15 | €7,852 | -€37,837 | -€45,689 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €60,610 | €60,610 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €41,860 | €41,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€71,358 | -€117,047 | -€45,689 | -64.0% |
| Amounts payable | 17/49 | €127,425 | €91,864 | -€35,562 | -27.9% |
| Amounts payable after more than one year | 17 | €54,666 | €33,505 | -€21,161 | -38.7% |
| Financial debts | 170/4 | €54,666 | €33,505 | -€21,161 | -38.7% |
| Amounts payable within one year | 42/48 | €70,759 | €56,358 | -€14,401 | -20.4% |
| Current portion of amounts payable after more than one year | 42 | €21,692 | €21,161 | -€531 | -2.4% |
| Trade debts | 44 | €920 | €3,235 | +€2,315 | +251.5% |
| Suppliers | 440/4 | €920 | €3,235 | +€2,315 | +251.5% |
| Taxes, remuneration and social security | 45 | €280 | €534 | +€254 | +90.6% |
| Taxes | 450/3 | €280 | €534 | +€254 | +90.6% |
| Other amounts payable | 47/48 | €47,867 | €31,429 | -€16,438 | -34.3% |
| Accrued charges and deferred income | 492/3 | €2,000 | €2,000 | = | 0.0% |
| Non-recurring operating income | 76A | €400 | €262 | -€138 | -34.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,828 | €27,164 | +€336 | +1.3% |
| Other operating charges | 640/8 | €2,445 | €2,164 | -€281 | -11.5% |
| Gross operating margin | 9900 | €23,236 | -€12,293 | -€35,528 | |
| Operating profit (loss) | 9901 | -€6,037 | -€41,620 | -€35,583 | -589.4% |
| Financial income | 75/76B | €97 | €0 | -€97 | -100.0% |
| Recurring financial income | 75 | €97 | €0 | -€97 | -100.0% |
| Financial charges | 65/66B | €5,335 | €3,816 | -€1,520 | -28.5% |
| Recurring financial charges | 65 | €5,335 | €3,816 | -€1,520 | -28.5% |
| Profit (loss) for the period before taxes | 9903 | -€11,275 | -€45,436 | -€34,160 | -303.0% |
| Income taxes | 67/77 | €289 | €254 | -€36 | -12.3% |
| Profit (loss) for the period | 9904 | -€11,565 | -€45,689 | -€34,125 | -295.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,565 | -€45,689 | -€34,125 | -295.1% |
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 11 October 2026 via checked.be.