OFF SITE BELGIUM: what changed
Two fiscal 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 SITE BELGIUM
Largest movements
- Receivables within one year -€2.8m
down €2.8m (-96.7%), from €2.9m to €94,263
of which Other amounts receivable: -€1.4m
- Tangible fixed assets +€115,065
up €115,065 (+773.1%), from €14,883 to €129,949
of which Plant, machinery and equipment: +€121,580
- Other debts +€2.2m
new in 2025: €2.2m
- Short-term financial debts -€1.5m
down €1.5m (-82.2%), from €1.9m to €333,823
- Profit (loss) carried forward -€1.5m
down €1.5m (-116.6%), from -€1.3m to -€2.8m
- Advances received -€1.2m
down €1.2m (-88.9%), from €1.3m to €146,887
- Trade debts -€638,116
down €638,116 (-70.9%), from €900,320 to €262,204
- Gross operating margin -€1.4m
down €1.4m, from €406,623 to -€961,276
- Staff costs +€157,069
up €157,069 (+56.3%), from €278,756 to €435,825
- Write-downs +€111,852
up €111,852, from -€111,852 to €0
- Depreciation +€18,007
up €18,007 (+478.5%), from €3,763 to €21,770
- Financial charges -€15,696
down €15,696 (-13.8%), from €114,140 to €98,444
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,948,466 | €290,194 | -€2.7m | -90.2% |
| Fixed assets | 21/28 | €25,245 | €153,698 | +€128,453 | +508.8% |
| Intangible fixed assets | 21 | €5,704 | €20,750 | +€15,046 | +263.8% |
| Tangible fixed assets | 22/27 | €14,883 | €129,949 | +€115,065 | +773.1% |
| Plant, machinery and equipment | 23 | €434 | €122,014 | +€121,580 | +28021.6% |
| Furniture and vehicles | 24 | €14,449 | €7,935 | -€6,515 | -45.1% |
| Financial fixed assets | 28 | €4,658 | €3,000 | -€1,658 | -35.6% |
| Current assets | 29/58 | €2,923,221 | €136,496 | -€2.8m | -95.3% |
| Stocks and contracts in progress | 3 | €45,318 | €38,730 | -€6,588 | -14.5% |
| Stocks | 30/36 | €45,318 | €38,730 | -€6,588 | -14.5% |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €2,873,554 | €94,263 | -€2.8m | -96.7% |
| Trade receivables | 40 | €1,452,772 | €86,488 | -€1.4m | -94.0% |
| Other amounts receivable | 41 | €1,420,782 | €7,775 | -€1.4m | -99.5% |
| Deferred charges and accrued income | 490/1 | €4,349 | €3,503 | -€847 | -19.5% |
| Total equity and liabilities | 10/49 | €2,948,466 | €290,194 | -€2.7m | -90.2% |
| Equity | 10/15 | -€1,184,697 | -€2,691,758 | -€1.5m | -127.2% |
| Contributions | 10/11 | €106,200 | €106,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,292,757 | -€2,799,818 | -€1.5m | -116.6% |
| Amounts payable | 17/49 | €4,133,164 | €2,981,952 | -€1.2m | -27.9% |
| Amounts payable within one year | 42/48 | €4,133,164 | €2,981,952 | -€1.2m | -27.9% |
| Financial debts | 43 | €1,874,534 | €333,823 | -€1.5m | -82.2% |
| Credit institutions | 430/8 | €1,874,534 | €333,823 | -€1.5m | -82.2% |
| Trade debts | 44 | €900,320 | €262,204 | -€638,116 | -70.9% |
| Suppliers | 440/4 | €900,320 | €262,204 | -€638,116 | -70.9% |
| Advances received on contracts in progress | 46 | €1,325,334 | €146,887 | -€1.2m | -88.9% |
| Taxes, remuneration and social security | 45 | €32,976 | €33,261 | +€286 | +0.9% |
| Taxes | 450/3 | €812 | €1,038 | +€226 | +27.8% |
| Remuneration and social security | 454/9 | €32,164 | €32,224 | +€60 | +0.2% |
| Other amounts payable | 47/48 | - | €2,205,777 | +€2.2m | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €278,756 | €435,825 | +€157,069 | +56.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,763 | €21,770 | +€18,007 | +478.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€111,852 | €0 | +€111,852 | |
| Other operating charges | 640/8 | €15,608 | €1,059 | -€14,549 | -93.2% |
| Non-recurring operating charges | 66A | - | €435 | +€435 | |
| Gross operating margin | 9900 | €406,623 | -€961,276 | -€1.4m | |
| Operating profit (loss) | 9901 | €220,347 | -€1,420,364 | -€1.6m | |
| Financial income | 75/76B | €12,586 | €12,300 | -€285 | -2.3% |
| Recurring financial income | 75 | €12,586 | €12,300 | -€285 | -2.3% |
| Financial charges | 65/66B | €114,140 | €98,444 | -€15,696 | -13.8% |
| Recurring financial charges | 65 | €114,140 | €98,444 | -€15,696 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | €118,793 | -€1,506,508 | -€1.6m | |
| Income taxes | 67/77 | €1,973 | €553 | -€1,420 | -71.9% |
| Profit (loss) for the period | 9904 | €116,820 | -€1,507,061 | -€1.6m | |
| Profit (loss) for the period to be appropriated | 9905 | €116,820 | -€1,507,061 | -€1.6m |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.