Off-Grid Services: 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.
Off-Grid Services
Largest movements
- Cash +€293,536
up €293,536 (+181.1%), from €162,051 to €455,587
mainly Net result for the year (+€184,523) and Other debts (+€157,055)
- Stocks and contracts +€146,612
up €146,612 (+86.1%), from €170,247 to €316,860
of which Stocks: +€144,206
- Receivables within one year +€75,712
up €75,712 (+84.4%), from €89,678 to €165,391
of which Trade receivables: +€75,621
- Tangible fixed assets +€19,403
up €19,403 (+67.9%), from €28,579 to €47,982
of which Other tangible fixed assets: +€25,561
- Profit (loss) carried forward +€184,523
up €184,523 (+97.2%), from €189,746 to €374,269
- Other debts +€157,055
up €157,055 (+103.6%), from €151,554 to €308,609
- Tax, wage and social debts +€155,907
up €155,907 (+350.8%), from €44,438 to €200,344
of which Taxes: +€155,907
- Trade debts +€25,160
up €25,160 (+174.0%), from €14,456 to €39,616
- Advances received +€16,382
up €16,382 (+147.2%), from €11,132 to €27,513
- Gross operating margin +€143,437
up €143,437 (+93.0%), from €154,255 to €297,691
- Taxes +€29,327
up €29,327 (+128.7%), from €22,795 to €52,122
- Other operating charges +€22,232
up €22,232 (+91.8%), from €24,223 to €46,455
- Depreciation -€5,566
down €5,566 (-38.9%), from €14,312 to €8,746
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 | €456,608 | €994,902 | +€538,294 | +117.9% |
| Fixed assets | 21/28 | €28,729 | €48,132 | +€19,403 | +67.5% |
| Tangible fixed assets | 22/27 | €28,579 | €47,982 | +€19,403 | +67.9% |
| Plant, machinery and equipment | 23 | €14,354 | €10,304 | -€4,050 | -28.2% |
| Furniture and vehicles | 24 | €2,324 | €216 | -€2,108 | -90.7% |
| Other tangible fixed assets | 26 | €11,901 | €37,463 | +€25,561 | +214.8% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €427,879 | €946,770 | +€518,892 | +121.3% |
| Stocks and contracts in progress | 3 | €170,247 | €316,860 | +€146,612 | +86.1% |
| Stocks | 30/36 | €170,247 | €314,453 | +€144,206 | +84.7% |
| Contracts in progress | 37 | - | €2,406 | +€2,406 | |
| Amounts receivable within one year | 40/41 | €89,678 | €165,391 | +€75,712 | +84.4% |
| Trade receivables | 40 | €89,523 | €165,144 | +€75,621 | +84.5% |
| Other amounts receivable | 41 | €155 | €247 | +€92 | +59.0% |
| Cash at bank and in hand | 54/58 | €162,051 | €455,587 | +€293,536 | +181.1% |
| Deferred charges and accrued income | 490/1 | €5,902 | €8,933 | +€3,031 | +51.4% |
| Total equity and liabilities | 10/49 | €456,608 | €994,902 | +€538,294 | +117.9% |
| Equity | 10/15 | €229,746 | €414,269 | +€184,523 | +80.3% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €189,746 | €374,269 | +€184,523 | +97.2% |
| Amounts payable | 17/49 | €226,862 | €580,634 | +€353,771 | +155.9% |
| Amounts payable within one year | 42/48 | €221,579 | €576,083 | +€354,503 | +160.0% |
| Trade debts | 44 | €14,456 | €39,616 | +€25,160 | +174.0% |
| Suppliers | 440/4 | €14,456 | €39,616 | +€25,160 | +174.0% |
| Advances received on contracts in progress | 46 | €11,132 | €27,513 | +€16,382 | +147.2% |
| Taxes, remuneration and social security | 45 | €44,438 | €200,344 | +€155,907 | +350.8% |
| Taxes | 450/3 | €39,268 | €195,174 | +€155,907 | +397.0% |
| Remuneration and social security | 454/9 | €5,170 | €5,170 | = | 0.0% |
| Other amounts payable | 47/48 | €151,554 | €308,609 | +€157,055 | +103.6% |
| Accrued charges and deferred income | 492/3 | €5,283 | €4,551 | -€732 | -13.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,312 | €8,746 | -€5,566 | -38.9% |
| Other operating charges | 640/8 | €24,223 | €46,455 | +€22,232 | +91.8% |
| Gross operating margin | 9900 | €154,255 | €297,691 | +€143,437 | +93.0% |
| Operating profit (loss) | 9901 | €115,719 | €242,490 | +€126,771 | +109.6% |
| Financial income | 75/76B | €649 | €740 | +€92 | +14.1% |
| Recurring financial income | 75 | €649 | €740 | +€92 | +14.1% |
| Financial charges | 65/66B | €6,689 | €6,585 | -€105 | -1.6% |
| Recurring financial charges | 65 | €6,689 | €6,585 | -€105 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | €109,678 | €236,645 | +€126,967 | +115.8% |
| Income taxes | 67/77 | €22,795 | €52,122 | +€29,327 | +128.7% |
| Profit (loss) for the period | 9904 | €86,883 | €184,523 | +€97,640 | +112.4% |
| Profit (loss) for the period to be appropriated | 9905 | €86,883 | €184,523 | +€97,640 | +112.4% |
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 10 October 2026 via checked.be.