Office & Retail: 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 & Retail
Largest movements
- Financial fixed assets +€31,083
up €31,083 (+13.8%), from €225,880 to €256,963
- Other debts +€42,813
up €42,813 (+21.4%), from €199,842 to €242,655
- Profit (loss) carried forward -€10,676
down €10,676 (-66.2%), from -€16,138 to -€26,814
- Accrued charges and deferred income -€3,919
no longer reported in 2025 (was €3,919)
- Financial charges +€4,012
up €4,012 (+97.8%), from €4,103 to €8,115
- Gross operating margin +€573
up €573 (+26.2%), from -€2,185 to -€1,612
- Other operating charges +€482
up €482 (+265%), from €182 to €664
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 | €234,775 | €262,993 | +€28,218 | +12.0% |
| Formation expenses | 20 | €599 | €314 | -€285 | -47.5% |
| Fixed assets | 21/28 | €225,880 | €256,963 | +€31,083 | +13.8% |
| Financial fixed assets | 28 | €225,880 | €256,963 | +€31,083 | +13.8% |
| Current assets | 29/58 | €8,296 | €5,716 | -€2,580 | -31.1% |
| Cash at bank and in hand | 54/58 | €8,296 | €5,716 | -€2,580 | -31.1% |
| Total equity and liabilities | 10/49 | €234,775 | €262,993 | +€28,218 | +12.0% |
| Equity | 10/15 | €29,316 | €18,640 | -€10,676 | -36.4% |
| Contributions | 10/11 | €45,455 | €45,455 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,138 | -€26,814 | -€10,676 | -66.2% |
| Amounts payable | 17/49 | €205,459 | €244,353 | +€38,894 | +18.9% |
| Amounts payable within one year | 42/48 | €201,540 | €244,353 | +€42,813 | +21.2% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €1,698 | €1,698 | = | 0.0% |
| Taxes | 450/3 | €1,698 | €1,698 | = | 0.0% |
| Other amounts payable | 47/48 | €199,842 | €242,655 | +€42,813 | +21.4% |
| Accrued charges and deferred income | 492/3 | €3,919 | - | -€3,919 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €285 | €285 | = | 0.0% |
| Other operating charges | 640/8 | €182 | €664 | +€482 | +265% |
| Gross operating margin | 9900 | -€2,185 | -€1,612 | +€573 | +26.2% |
| Operating profit (loss) | 9901 | -€2,651 | -€2,561 | +€91 | +3.4% |
| Financial charges | 65/66B | €4,103 | €8,115 | +€4,012 | +97.8% |
| Recurring financial charges | 65 | €4,103 | €8,115 | +€4,012 | +97.8% |
| Profit (loss) for the period before taxes | 9903 | -€6,754 | -€10,676 | -€3,922 | -58.1% |
| Profit (loss) for the period | 9904 | -€6,754 | -€10,676 | -€3,922 | -58.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,754 | -€10,676 | -€3,922 | -58.1% |
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 16 October 2026 via checked.be.