Offelken: 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.
Offelken
Largest movements
- Tangible fixed assets +€148,781
up €148,781 (+10.8%), from €1.4m to €1.5m
of which Land and buildings: +€156,589
- Receivables within one year -€34,146
down €34,146 (-57.3%), from €59,629 to €25,483
of which Trade receivables: -€33,328
- Cash +€30,287
up €30,287 (+215%), from €14,092 to €44,379
mainly Other debts (+€148,143) and Depreciation (+€78,846)
- Other debts +€148,143
up €148,143 (+28.3%), from €523,083 to €671,225
- Debts after one year -€68,002
down €68,002 (-8.5%), from €802,383 to €734,381
- Reserves +€65,148
up €65,148 (+96.6%), from €67,408 to €132,556
- Trade debts -€19,351
down €19,351 (-58.6%), from €33,045 to €13,694
- Gross operating margin +€51,958
up €51,958 (+66.0%), from €78,726 to €130,684
- Financial income +€35,683
up €35,683 (+1,592,989%), from €2 to €35,685
of which Non-recurring financial income: +€35,629
- Depreciation +€30,343
up €30,343 (+62.6%), from €48,504 to €78,846
- Staff costs +€4,714
new in 2025: €4,714
- Taxes +€2,095
up €2,095 (+28.1%), from €7,460 to €9,554
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.
Derived cash bridge
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 | €1,523,298 | €1,665,293 | +€141,994 | +9.3% |
| Fixed assets | 21/28 | €1,376,562 | €1,525,344 | +€148,781 | +10.8% |
| Tangible fixed assets | 22/27 | €1,376,562 | €1,525,344 | +€148,781 | +10.8% |
| Land and buildings | 22 | €1,345,533 | €1,502,122 | +€156,589 | +11.6% |
| Plant, machinery and equipment | 23 | €29,991 | €22,315 | -€7,676 | -25.6% |
| Furniture and vehicles | 24 | €1,038 | €907 | -€131 | -12.6% |
| Current assets | 29/58 | €146,736 | €139,949 | -€6,787 | -4.6% |
| Stocks and contracts in progress | 3 | €70,000 | €70,000 | = | 0.0% |
| Stocks | 30/36 | €70,000 | €70,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €59,629 | €25,483 | -€34,146 | -57.3% |
| Trade receivables | 40 | €57,824 | €24,496 | -€33,328 | -57.6% |
| Other amounts receivable | 41 | €1,805 | €987 | -€818 | -45.3% |
| Cash at bank and in hand | 54/58 | €14,092 | €44,379 | +€30,287 | +215% |
| Deferred charges and accrued income | 490/1 | €3,015 | €87 | -€2,928 | -97.1% |
| Total equity and liabilities | 10/49 | €1,523,298 | €1,665,293 | +€141,994 | +9.3% |
| Equity | 10/15 | €72,408 | €137,556 | +€65,148 | +90.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €67,408 | €132,556 | +€65,148 | +96.6% |
| Distributable reserves | 133 | €67,408 | €132,556 | +€65,148 | +96.6% |
| Amounts payable | 17/49 | €1,450,890 | €1,527,737 | +€76,847 | +5.3% |
| Amounts payable after more than one year | 17 | €802,383 | €734,381 | -€68,002 | -8.5% |
| Financial debts | 170/4 | €802,383 | €734,381 | -€68,002 | -8.5% |
| Amounts payable within one year | 42/48 | €648,145 | €793,356 | +€145,212 | +22.4% |
| Current portion of amounts payable after more than one year | 42 | €67,378 | €68,002 | +€624 | +0.9% |
| Trade debts | 44 | €33,045 | €13,694 | -€19,351 | -58.6% |
| Suppliers | 440/4 | €33,045 | €13,694 | -€19,351 | -58.6% |
| Taxes, remuneration and social security | 45 | €24,639 | €40,435 | +€15,796 | +64.1% |
| Taxes | 450/3 | €24,639 | €37,982 | +€13,343 | +54.2% |
| Remuneration and social security | 454/9 | - | €2,453 | +€2,453 | |
| Other amounts payable | 47/48 | €523,083 | €671,225 | +€148,143 | +28.3% |
| Accrued charges and deferred income | 492/3 | €363 | - | -€363 | |
| Remuneration, social security and pensions | 62 | - | €4,714 | +€4,714 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,504 | €78,846 | +€30,343 | +62.6% |
| Other operating charges | 640/8 | €98 | €117 | +€20 | +20.0% |
| Gross operating margin | 9900 | €78,726 | €130,684 | +€51,958 | +66.0% |
| Operating profit (loss) | 9901 | €30,125 | €47,006 | +€16,882 | +56.0% |
| Financial income | 75/76B | €2 | €35,685 | +€35,683 | +1,592,989% |
| Recurring financial income | 75 | €2 | €56 | +€54 | +2,390% |
| Non-recurring financial income | 76B | - | €35,629 | +€35,629 | |
| Financial charges | 65/66B | €8,532 | €7,989 | -€543 | -6.4% |
| Recurring financial charges | 65 | €8,532 | €7,989 | -€543 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | €21,595 | €74,702 | +€53,108 | +246% |
| Income taxes | 67/77 | €7,460 | €9,554 | +€2,095 | +28.1% |
| Profit (loss) for the period | 9904 | €14,135 | €65,148 | +€51,013 | +361% |
| Profit (loss) for the period to be appropriated | 9905 | €14,135 | €65,148 | +€51,013 | +361% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.