OFFERMANN MANAGEMENT: 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.
OFFERMANN MANAGEMENT
Largest movements
- Tangible fixed assets +€312,412
up €312,412 (+166.9%), from €187,151 to €499,563
of which Land and buildings: +€326,954
- Cash +€69,024
up €69,024 (+68.3%), from €101,041 to €170,065
mainly Debts after one year (+€231,249) and Other debts (+€120,715)
- Debts after one year +€231,249
up €231,249 (+241.0%), from €95,940 to €327,190
- Other debts +€120,715
up €120,715 (+50.5%), from €239,235 to €359,950
- Current portion of long-term debt +€39,696
up €39,696 (+372.7%), from €10,651 to €50,347
- Depreciation +€48,557
up €48,557 (+247.0%), from €19,660 to €68,217
- Financial income +€29,968
up €29,968 (+150.8%), from €19,867 to €49,834
- Gross operating margin +€24,791
up €24,791 (+14.1%), from €175,762 to €200,553
- Financial charges +€8,736
up €8,736 (+72.0%), from €12,131 to €20,867
- Taxes -€5,360
down €5,360 (-12.4%), from €43,147 to €37,788
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 | €1,041,046 | €1,434,132 | +€393,086 | +37.8% |
| Fixed assets | 21/28 | €924,204 | €1,236,616 | +€312,412 | +33.8% |
| Tangible fixed assets | 22/27 | €187,151 | €499,563 | +€312,412 | +166.9% |
| Land and buildings | 22 | €146,830 | €473,785 | +€326,954 | +222.7% |
| Furniture and vehicles | 24 | €40,321 | €25,778 | -€14,543 | -36.1% |
| Financial fixed assets | 28 | €737,053 | €737,053 | = | 0.0% |
| Current assets | 29/58 | €116,842 | €197,516 | +€80,674 | +69.0% |
| Amounts receivable within one year | 40/41 | €14,156 | €25,737 | +€11,581 | +81.8% |
| Other amounts receivable | 41 | €14,156 | €25,737 | +€11,581 | +81.8% |
| Cash at bank and in hand | 54/58 | €101,041 | €170,065 | +€69,024 | +68.3% |
| Deferred charges and accrued income | 490/1 | €1,645 | €1,714 | +€70 | +4.2% |
| Total equity and liabilities | 10/49 | €1,041,046 | €1,434,132 | +€393,086 | +37.8% |
| Equity | 10/15 | €675,914 | €673,089 | -€2,825 | -0.4% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €616,000 | €613,000 | -€3,000 | -0.5% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €613,000 | €610,000 | -€3,000 | -0.5% |
| Profit (loss) carried forward | 14 | €29,914 | €30,089 | +€175 | +0.6% |
| Amounts payable | 17/49 | €365,132 | €761,042 | +€395,911 | +108.4% |
| Amounts payable after more than one year | 17 | €95,940 | €327,190 | +€231,249 | +241.0% |
| Financial debts | 170/4 | €95,940 | €327,190 | +€231,249 | +241.0% |
| Amounts payable within one year | 42/48 | €265,091 | €429,603 | +€164,511 | +62.1% |
| Current portion of amounts payable after more than one year | 42 | €10,651 | €50,347 | +€39,696 | +372.7% |
| Trade debts | 44 | - | €295 | +€295 | |
| Suppliers | 440/4 | - | €295 | +€295 | |
| Taxes, remuneration and social security | 45 | €15,205 | €19,011 | +€3,806 | +25.0% |
| Taxes | 450/3 | €15,205 | €19,011 | +€3,806 | +25.0% |
| Other amounts payable | 47/48 | €239,235 | €359,950 | +€120,715 | +50.5% |
| Accrued charges and deferred income | 492/3 | €4,100 | €4,250 | +€150 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,660 | €68,217 | +€48,557 | +247.0% |
| Other operating charges | 640/8 | €3,245 | €3,341 | +€96 | +3.0% |
| Gross operating margin | 9900 | €175,762 | €200,553 | +€24,791 | +14.1% |
| Operating profit (loss) | 9901 | €152,857 | €128,995 | -€23,862 | -15.6% |
| Financial income | 75/76B | €19,867 | €49,834 | +€29,968 | +150.8% |
| Recurring financial income | 75 | €19,867 | €49,834 | +€29,968 | +150.8% |
| Financial charges | 65/66B | €12,131 | €20,867 | +€8,736 | +72.0% |
| Recurring financial charges | 65 | €12,131 | €20,867 | +€8,736 | +72.0% |
| Profit (loss) for the period before taxes | 9903 | €160,593 | €157,963 | -€2,630 | -1.6% |
| Income taxes | 67/77 | €43,147 | €37,788 | -€5,360 | -12.4% |
| Profit (loss) for the period | 9904 | €117,446 | €120,175 | +€2,729 | +2.3% |
| Profit (loss) for the period to be appropriated | 9905 | €117,446 | €120,175 | +€2,729 | +2.3% |
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 7 October 2026 via checked.be.