OFF SIDE CONSULTING: 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.
What changed
OFF SIDE CONSULTING
NACE 28.990, Manufacture of machinery and equipment not elsewhere classified
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€417,038
2024 · €309,810+€107,228
Equity
€1.3m
2024 · €945,739+€387,465
Cash
€735,539
2024 · €479,656+€255,883
Balance sheet total
€2.2m
2024 · €2.0m+€281,335
Largest movements
Assets
- Cash +€255,883
up €255,883 (+53.3%), from €479,656 to €735,539
mainly Net result for the year (+€417,038) and Depreciation (+€97,183)
- Receivables within one year +€22,863
up €22,863 (+9.8%), from €233,505 to €256,368
of which Trade receivables: +€43,657
Equity and liabilities
- Reserves +€387,465
up €387,465 (+42.7%), from €907,964 to €1.3m
of which Distributable reserves: +€387,961
- Debts after one year -€86,577
down €86,577 (-16.9%), from €513,602 to €427,024
- Trade debts -€86,371
down €86,371 (-38.0%), from €227,477 to €141,106
- Short-term financial debts +€29,774
up €29,774 (+27.8%), from €106,941 to €136,715
Income statement
- Gross operating margin +€186,668
up €186,668 (+24.9%), from €748,306 to €934,974
- Taxes +€63,312
up €63,312 (+46.6%), from €135,919 to €199,231
- Write-downs -€41,065
down €41,065 (-63.4%), from €64,734 to €23,669
- Staff costs +€33,145
up €33,145 (+29.2%), from €113,602 to €146,747
- Financial charges +€16,434
up €16,434 (+35.8%), from €45,950 to €62,383
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.
Result 2024
€309,810
Gross operating margin
+€186,668
Staff costs
-€33,145
Depreciation
-€12,589
Write-downs
+€41,065
Other operating charges
-€2,274
Financial income
+€7,249
Financial charges
-€16,434
Taxes
-€63,312
Result 2025
€417,038
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.
From operations
+€439,048
Investment
-€105,479
Financing
-€77,685
Cash 2024
€479,656
From operations (derived)
+€439,048
Net result for the year
+€417,038
Depreciation
+€97,183
Stocks and contracts
+€11,404
Receivables within one year
-€22,863
Deferred charges and accrued income
-€5,696
Smaller working-capital items
-€226
Trade debts
-€86,371
Tax, wage and social debts
+€14,833
Other debts
+€13,746
Investment (derived)
-€105,479
Investment in fixed assets (net)
-€105,479
Financing
-€77,685
Debts after one year
-€86,577
Current portion of long-term debt
+€8,691
Short-term financial debts
+€29,774
Contributions, distributions and other
-€29,573
Cash 2025
€735,539
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,963,757 | €2,245,091 | +€281,335 | +14.3% |
| Fixed assets | 21/28 | €1,100,834 | €1,109,130 | +€8,296 | +0.8% |
| Intangible fixed assets | 21 | €5,881 | €26,833 | +€20,952 | +356.3% |
| Tangible fixed assets | 22/27 | €1,092,453 | €1,082,298 | -€10,155 | -0.9% |
| Land and buildings | 22 | €939,282 | €912,802 | -€26,480 | -2.8% |
| Plant, machinery and equipment | 23 | €41,792 | €35,389 | -€6,403 | -15.3% |
| Furniture and vehicles | 24 | €111,380 | €124,984 | +€13,605 | +12.2% |
| Assets under construction and advance payments | 27 | - | €9,122 | +€9,122 | |
| Financial fixed assets | 28 | €2,500 | - | -€2,500 | |
| Current assets | 29/58 | €862,923 | €1,135,961 | +€273,038 | +31.6% |
| Stocks and contracts in progress | 3 | €145,703 | €134,299 | -€11,404 | -7.8% |
| Stocks | 30/36 | €145,703 | €134,299 | -€11,404 | -7.8% |
| Amounts receivable within one year | 40/41 | €233,505 | €256,368 | +€22,863 | +9.8% |
| Trade receivables | 40 | €212,711 | €256,368 | +€43,657 | +20.5% |
| Other amounts receivable | 41 | €20,794 | - | -€20,794 | |
| Cash at bank and in hand | 54/58 | €479,656 | €735,539 | +€255,883 | +53.3% |
| Deferred charges and accrued income | 490/1 | €4,059 | €9,755 | +€5,696 | +140.3% |
| Total equity and liabilities | 10/49 | €1,963,757 | €2,245,091 | +€281,335 | +14.3% |
| Equity | 10/15 | €945,739 | €1,333,204 | +€387,465 | +41.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €907,964 | €1,295,429 | +€387,465 | +42.7% |
| Tax-exempt reserves | 132 | €8,925 | €8,430 | -€496 | -5.6% |
| Distributable reserves | 133 | €899,039 | €1,286,999 | +€387,961 | +43.2% |
| Profit (loss) carried forward | 14 | €19,225 | €19,225 | = | 0.0% |
| Provisions and deferred taxes | 16 | €2,975 | €2,810 | -€165 | -5.6% |
| Deferred taxes | 168 | €2,975 | €2,810 | -€165 | -5.6% |
| Amounts payable | 17/49 | €1,015,043 | €909,078 | -€105,965 | -10.4% |
| Amounts payable after more than one year | 17 | €513,602 | €427,024 | -€86,577 | -16.9% |
| Financial debts | 170/4 | €513,602 | €427,024 | -€86,577 | -16.9% |
| Amounts payable within one year | 42/48 | €495,817 | €476,490 | -€19,327 | -3.9% |
| Current portion of amounts payable after more than one year | 42 | €43,165 | €51,856 | +€8,691 | +20.1% |
| Financial debts | 43 | €106,941 | €136,715 | +€29,774 | +27.8% |
| Credit institutions | 430/8 | €106,941 | €136,715 | +€29,774 | +27.8% |
| Trade debts | 44 | €227,477 | €141,106 | -€86,371 | -38.0% |
| Suppliers | 440/4 | €227,477 | €141,106 | -€86,371 | -38.0% |
| Taxes, remuneration and social security | 45 | €73,531 | €88,365 | +€14,833 | +20.2% |
| Taxes | 450/3 | €56,780 | €66,497 | +€9,716 | +17.1% |
| Remuneration and social security | 454/9 | €16,751 | €21,868 | +€5,117 | +30.5% |
| Other amounts payable | 47/48 | €44,702 | €58,448 | +€13,746 | +30.7% |
| Accrued charges and deferred income | 492/3 | €5,624 | €5,564 | -€61 | -1.1% |
| Non-recurring operating income | 76A | €5,000 | €6,219 | +€1,219 | +24.4% |
| Remuneration, social security and pensions | 62 | €113,602 | €146,747 | +€33,145 | +29.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,594 | €97,183 | +€12,589 | +14.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €64,734 | €23,669 | -€41,065 | -63.4% |
| Other operating charges | 640/8 | €9,273 | €11,547 | +€2,274 | +24.5% |
| Gross operating margin | 9900 | €748,306 | €934,974 | +€186,668 | +24.9% |
| Operating profit (loss) | 9901 | €476,104 | €655,829 | +€179,725 | +37.7% |
| Financial income | 75/76B | €15,408 | €22,657 | +€7,249 | +47.0% |
| Recurring financial income | 75 | €15,408 | €22,657 | +€7,249 | +47.0% |
| Financial charges | 65/66B | €45,950 | €62,383 | +€16,434 | +35.8% |
| Recurring financial charges | 65 | €45,950 | €62,383 | +€16,434 | +35.8% |
| Profit (loss) for the period before taxes | 9903 | €445,563 | €616,103 | +€170,540 | +38.3% |
| Transfer from deferred taxes | 780 | €165 | €165 | -€0 | 0.0% |
| Income taxes | 67/77 | €135,919 | €199,231 | +€63,312 | +46.6% |
| Profit (loss) for the period | 9904 | €309,810 | €417,038 | +€107,228 | +34.6% |
| Transfer from tax-exempt reserves | 789 | €496 | €496 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €310,305 | €417,533 | +€107,228 | +34.6% |
Source: filed annual accounts (NBB), financial years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.