Office 37: 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 37
Largest movements
- Receivables within one year +€68,685
up €68,685 (+753%), from €9,119 to €77,804
of which Other amounts receivable: +€70,492
- Tangible fixed assets -€52,033
down €52,033 (-7.0%), from €745,684 to €693,652
of which Land and buildings: -€44,501
- Cash -€43,084
down €43,084 (-50.2%), from €85,908 to €42,825
mainly Receivables within one year (-€68,685) and Debts after one year (-€33,129)
- Debts after one year -€33,129
down €33,129 (-5.4%), from €610,570 to €577,440
- Profit (loss) carried forward +€9,355
up €9,355, from -€9,355 to €0
- Gross operating margin +€10,776
up €10,776 (+12.1%), from €89,054 to €99,831
- Write-downs -€5,606
down €5,606, from €2,920 to -€2,686
- Other operating charges +€3,416
up €3,416 (+30.8%), from €11,087 to €14,502
- Depreciation -€3,401
down €3,401 (-5.7%), from €59,515 to €56,115
- Financial charges +€2,839
up €2,839 (+11.4%), from €24,906 to €27,744
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 | €841,779 | €815,725 | -€26,054 | -3.1% |
| Fixed assets | 21/28 | €746,661 | €693,818 | -€52,843 | -7.1% |
| Intangible fixed assets | 21 | €976 | €166 | -€810 | -83.0% |
| Tangible fixed assets | 22/27 | €745,684 | €693,652 | -€52,033 | -7.0% |
| Land and buildings | 22 | €704,844 | €660,343 | -€44,501 | -6.3% |
| Plant, machinery and equipment | 23 | - | €2,992 | +€2,992 | |
| Furniture and vehicles | 24 | €40,840 | €30,317 | -€10,524 | -25.8% |
| Current assets | 29/58 | €95,118 | €121,907 | +€26,789 | +28.2% |
| Amounts receivable within one year | 40/41 | €9,119 | €77,804 | +€68,685 | +753% |
| Trade receivables | 40 | €6,878 | €5,071 | -€1,807 | -26.3% |
| Other amounts receivable | 41 | €2,241 | €72,734 | +€70,492 | +3,145% |
| Cash at bank and in hand | 54/58 | €85,908 | €42,825 | -€43,084 | -50.2% |
| Deferred charges and accrued income | 490/1 | €91 | €1,278 | +€1,187 | +1,311% |
| Total equity and liabilities | 10/49 | €841,779 | €815,725 | -€26,054 | -3.1% |
| Equity | 10/15 | €176,473 | €180,815 | +€4,342 | +2.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €179,628 | €174,615 | -€5,013 | -2.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €177,768 | €172,755 | -€5,013 | -2.8% |
| Profit (loss) carried forward | 14 | -€9,355 | €0 | +€9,355 | |
| Amounts payable | 17/49 | €665,305 | €634,910 | -€30,396 | -4.6% |
| Amounts payable after more than one year | 17 | €610,570 | €577,440 | -€33,129 | -5.4% |
| Financial debts | 170/4 | €610,570 | €577,440 | -€33,129 | -5.4% |
| Amounts payable within one year | 42/48 | €52,889 | €56,011 | +€3,122 | +5.9% |
| Current portion of amounts payable after more than one year | 42 | €31,715 | €33,129 | +€1,414 | +4.5% |
| Trade debts | 44 | €5,249 | €2,191 | -€3,057 | -58.3% |
| Suppliers | 440/4 | €5,249 | €2,191 | -€3,057 | -58.3% |
| Taxes, remuneration and social security | 45 | €8,586 | €7,013 | -€1,572 | -18.3% |
| Taxes | 450/3 | €8,586 | €7,013 | -€1,572 | -18.3% |
| Other amounts payable | 47/48 | €7,339 | €13,677 | +€6,338 | +86.3% |
| Accrued charges and deferred income | 492/3 | €1,847 | €1,458 | -€388 | -21.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,515 | €56,115 | -€3,401 | -5.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,920 | -€2,686 | -€5,606 | |
| Other operating charges | 640/8 | €11,087 | €14,502 | +€3,416 | +30.8% |
| Gross operating margin | 9900 | €89,054 | €99,831 | +€10,776 | +12.1% |
| Operating profit (loss) | 9901 | €15,532 | €31,900 | +€16,367 | +105% |
| Financial income | 75/76B | €19 | €619 | +€600 | +3,159% |
| Recurring financial income | 75 | €19 | €619 | +€600 | +3,159% |
| Financial charges | 65/66B | €24,906 | €27,744 | +€2,839 | +11.4% |
| Recurring financial charges | 65 | €24,906 | €27,744 | +€2,839 | +11.4% |
| Profit (loss) for the period before taxes | 9903 | -€9,355 | €4,774 | +€14,129 | |
| Income taxes | 67/77 | €0 | €433 | +€433 | |
| Profit (loss) for the period | 9904 | -€9,355 | €4,342 | +€13,696 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,355 | €4,342 | +€13,696 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.