OFF WORLD: 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 WORLD
Largest movements
- Intangible fixed assets -€115,092
down €115,092 (-91.8%), from €125,330 to €10,238
- Receivables within one year +€68,387
up €68,387 (+5.1%), from €1.3m to €1.4m
of which Other amounts receivable: +€68,965
- Other debts +€115,872
up €115,872 (+11.2%), from €1.0m to €1.2m
- Investment grants -€111,228
down €111,228 (-94.1%), from €118,158 to €6,930
- Debts after one year -€50,532
down €50,532 (-25.1%), from €201,419 to €150,887
- Tax, wage and social debts +€28,497
up €28,497 (+415.3%), from €6,861 to €35,358
- Profit (loss) carried forward -€26,122
down €26,122 (-24.3%), from -€107,591 to -€133,713
- Gross operating margin -€266,650
down €266,650 (-71.9%), from €370,625 to €103,975
- Depreciation -€242,021
down €242,021 (-67.1%), from €360,869 to €118,848
- Financial charges -€15,020
down €15,020 (-30.5%), from €49,253 to €34,233
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 | €1,504,161 | €1,458,018 | -€46,143 | -3.1% |
| Fixed assets | 21/28 | €152,544 | €36,590 | -€115,954 | -76.0% |
| Intangible fixed assets | 21 | €125,330 | €10,238 | -€115,092 | -91.8% |
| Tangible fixed assets | 22/27 | €24,774 | €23,912 | -€862 | -3.5% |
| Other tangible fixed assets | 26 | €24,774 | €23,912 | -€862 | -3.5% |
| Financial fixed assets | 28 | €2,440 | €2,440 | = | 0.0% |
| Current assets | 29/58 | €1,351,617 | €1,421,428 | +€69,811 | +5.2% |
| Amounts receivable within one year | 40/41 | €1,347,489 | €1,415,875 | +€68,387 | +5.1% |
| Trade receivables | 40 | €8,871 | €8,293 | -€578 | -6.5% |
| Other amounts receivable | 41 | €1,338,618 | €1,407,583 | +€68,965 | +5.2% |
| Current investments | 50/53 | €1,745 | €1,758 | +€13 | +0.7% |
| Cash at bank and in hand | 54/58 | €70 | €1,729 | +€1,660 | +2385.9% |
| Deferred charges and accrued income | 490/1 | €2,314 | €2,066 | -€248 | -10.7% |
| Total equity and liabilities | 10/49 | €1,504,161 | €1,458,018 | -€46,143 | -3.1% |
| Equity | 10/15 | €18,626 | -€118,724 | -€137,350 | |
| Contributions | 10/11 | €8,059 | €8,059 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€107,591 | -€133,713 | -€26,122 | -24.3% |
| Investment grants | 15 | €118,158 | €6,930 | -€111,228 | -94.1% |
| Amounts payable | 17/49 | €1,485,536 | €1,576,742 | +€91,207 | +6.1% |
| Amounts payable after more than one year | 17 | €201,419 | €150,887 | -€50,532 | -25.1% |
| Financial debts | 170/4 | €201,419 | €150,887 | -€50,532 | -25.1% |
| Amounts payable within one year | 42/48 | €1,276,310 | €1,422,583 | +€146,273 | +11.5% |
| Current portion of amounts payable after more than one year | 42 | €45,212 | €49,966 | +€4,754 | +10.5% |
| Financial debts | 43 | €151,565 | €150,258 | -€1,307 | -0.9% |
| Credit institutions | 430/8 | €1,565 | €258 | -€1,307 | -83.5% |
| Other loans | 439 | €150,000 | €150,000 | = | 0.0% |
| Trade debts | 44 | €36,405 | €34,862 | -€1,543 | -4.2% |
| Suppliers | 440/4 | €36,405 | €34,862 | -€1,543 | -4.2% |
| Taxes, remuneration and social security | 45 | €6,861 | €35,358 | +€28,497 | +415.3% |
| Taxes | 450/3 | €6,861 | €35,358 | +€28,497 | +415.3% |
| Other amounts payable | 47/48 | €1,036,267 | €1,152,139 | +€115,872 | +11.2% |
| Accrued charges and deferred income | 492/3 | €7,807 | €3,272 | -€4,534 | -58.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €360,869 | €118,848 | -€242,021 | -67.1% |
| Other operating charges | 640/8 | €1,952 | €2,127 | +€175 | +9.0% |
| Gross operating margin | 9900 | €370,625 | €103,975 | -€266,650 | -71.9% |
| Operating profit (loss) | 9901 | €7,804 | -€17,000 | -€24,804 | |
| Financial income | 75/76B | €25,500 | €25,113 | -€387 | -1.5% |
| Recurring financial income | 75 | €25,500 | €25,113 | -€387 | -1.5% |
| Financial charges | 65/66B | €49,253 | €34,233 | -€15,020 | -30.5% |
| Recurring financial charges | 65 | €49,253 | €34,233 | -€15,020 | -30.5% |
| Profit (loss) for the period before taxes | 9903 | -€15,949 | -€26,120 | -€10,171 | -63.8% |
| Income taxes | 67/77 | -€1,776 | €2 | +€1,778 | |
| Profit (loss) for the period | 9904 | -€14,173 | -€26,122 | -€11,949 | -84.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,173 | -€26,122 | -€11,949 | -84.3% |
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 28 September 2026 via checked.be.