OFFICE 29: 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.
OFFICE 29
Largest movements
- Receivables after one year -€385,000
no longer reported in 2025 (was €385,000)
- Current investments -€250,000
no longer reported in 2025 (was €250,000)
- Cash +€208,413
up €208,413 (+198%), from €105,054 to €313,467
mainly Receivables after one year (+€385,000) and Current investments (+€250,000)
- Tangible fixed assets +€78,331
up €78,331 (+68.1%), from €115,097 to €193,428
of which Furniture and vehicles: +€91,586
- Intangible fixed assets -€58,000
down €58,000 (-25.0%), from €232,000 to €174,000
- Reserves -€383,141
down €383,141 (-32.1%), from €1.2m to €811,939
- Debts after one year -€25,383
down €25,383 (-23.6%), from €107,777 to €82,394
- Tax, wage and social debts +€23,658
up €23,658 (+41.9%), from €56,443 to €80,101
- Gross operating margin -€47,847
down €47,847 (-10.9%), from €437,783 to €389,937
- Depreciation +€13,396
up €13,396 (+18.0%), from €74,451 to €87,847
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 | €1,391,109 | €1,007,716 | -€383,392 | -27.6% |
| Fixed assets | 21/28 | €347,097 | €367,428 | +€20,331 | +5.9% |
| Intangible fixed assets | 21 | €232,000 | €174,000 | -€58,000 | -25.0% |
| Tangible fixed assets | 22/27 | €115,097 | €193,428 | +€78,331 | +68.1% |
| Plant, machinery and equipment | 23 | €51,350 | €41,092 | -€10,257 | -20.0% |
| Furniture and vehicles | 24 | €34,847 | €126,433 | +€91,586 | +263% |
| Other tangible fixed assets | 26 | €28,900 | €25,903 | -€2,998 | -10.4% |
| Current assets | 29/58 | €1,044,011 | €640,288 | -€403,723 | -38.7% |
| Amounts receivable after more than one year | 29 | €385,000 | - | -€385,000 | |
| Other amounts receivable | 291 | €385,000 | - | -€385,000 | |
| Amounts receivable within one year | 40/41 | €233,640 | €248,627 | +€14,987 | +6.4% |
| Trade receivables | 40 | - | €87,500 | +€87,500 | |
| Other amounts receivable | 41 | €233,640 | €161,127 | -€72,513 | -31.0% |
| Current investments | 50/53 | €250,000 | - | -€250,000 | |
| Cash at bank and in hand | 54/58 | €105,054 | €313,467 | +€208,413 | +198% |
| Deferred charges and accrued income | 490/1 | €70,317 | €78,194 | +€7,877 | +11.2% |
| Total equity and liabilities | 10/49 | €1,391,109 | €1,007,716 | -€383,392 | -27.6% |
| Equity | 10/15 | €1,200,080 | €816,939 | -€383,141 | -31.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €1,195,080 | €811,939 | -€383,141 | -32.1% |
| Distributable reserves | 133 | €1,195,080 | €811,939 | -€383,141 | -32.1% |
| Amounts payable | 17/49 | €191,029 | €190,778 | -€251 | -0.1% |
| Amounts payable after more than one year | 17 | €107,777 | €82,394 | -€25,383 | -23.6% |
| Financial debts | 170/4 | €107,777 | €82,394 | -€25,383 | -23.6% |
| Amounts payable within one year | 42/48 | €83,251 | €107,753 | +€24,501 | +29.4% |
| Current portion of amounts payable after more than one year | 42 | €25,084 | €25,383 | +€299 | +1.2% |
| Trade debts | 44 | €1,724 | €2,268 | +€545 | +31.6% |
| Suppliers | 440/4 | €1,724 | €2,268 | +€545 | +31.6% |
| Taxes, remuneration and social security | 45 | €56,443 | €80,101 | +€23,658 | +41.9% |
| Taxes | 450/3 | €56,443 | €80,101 | +€23,658 | +41.9% |
| Accrued charges and deferred income | 492/3 | - | €631 | +€631 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,451 | €87,847 | +€13,396 | +18.0% |
| Other operating charges | 640/8 | €2,749 | €2,933 | +€184 | +6.7% |
| Gross operating margin | 9900 | €437,783 | €389,937 | -€47,847 | -10.9% |
| Operating profit (loss) | 9901 | €360,583 | €299,156 | -€61,427 | -17.0% |
| Financial income | 75/76B | €18,137 | €14,573 | -€3,563 | -19.6% |
| Recurring financial income | 75 | €18,137 | €14,573 | -€3,563 | -19.6% |
| Financial charges | 65/66B | €1,880 | €1,588 | -€291 | -15.5% |
| Recurring financial charges | 65 | €1,880 | €1,588 | -€291 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | €376,840 | €312,141 | -€64,699 | -17.2% |
| Income taxes | 67/77 | €117,843 | €119,195 | +€1,352 | +1.1% |
| Profit (loss) for the period | 9904 | €258,997 | €192,946 | -€66,051 | -25.5% |
| Profit (loss) for the period to be appropriated | 9905 | €258,997 | €192,946 | -€66,051 | -25.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.