OFFICELINE: 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.
OFFICELINE
Largest movements
- Stocks and contracts +€1.7m
up €1.7m (+895%), from €192,000 to €1.9m
- Tangible fixed assets +€624,734
up €624,734 (+10.1%), from €6.2m to €6.8m
of which Land and buildings: +€656,297
- Receivables after one year -€473,494
no longer reported in 2025 (was €473,494)
- Cash -€118,265
down €118,265 (-38.8%), from €305,156 to €186,892
mainly Stocks and contracts (-€1.7m) and Investment in fixed assets (net) (-€1.1m)
- Debts after one year +€1.9m
up €1.9m (+46.8%), from €4.1m to €6.1m
- Short-term financial debts -€293,304
no longer reported in 2025 (was €293,304)
- Current portion of long-term debt +€163,025
up €163,025 (+109%), from €150,000 to €313,025
- Trade debts -€94,335
down €94,335 (-33.2%), from €284,542 to €190,206
- Gross operating margin -€135,690
down €135,690 (-17.3%), from €785,565 to €649,874
- Financial charges +€54,856
up €54,856 (+148%), from €37,124 to €91,980
- Taxes +€48,405
new in 2025: €48,405
- Other operating charges +€13,398
up €13,398 (+21.5%), from €62,286 to €75,685
- Depreciation +€8,600
up €8,600 (+2.0%), from €437,999 to €446,599
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 | €7,327,275 | €9,001,520 | +€1.7m | +22.8% |
| Fixed assets | 21/28 | €6,187,158 | €6,810,800 | +€623,642 | +10.1% |
| Intangible fixed assets | 21 | €1,093 | - | -€1,093 | |
| Tangible fixed assets | 22/27 | €6,186,065 | €6,810,800 | +€624,734 | +10.1% |
| Land and buildings | 22 | €6,050,062 | €6,706,359 | +€656,297 | +10.8% |
| Plant, machinery and equipment | 23 | €65,500 | €48,047 | -€17,453 | -26.6% |
| Furniture and vehicles | 24 | €70,503 | €56,393 | -€14,110 | -20.0% |
| Current assets | 29/58 | €1,140,117 | €2,190,720 | +€1.1m | +92.1% |
| Amounts receivable after more than one year | 29 | €473,494 | - | -€473,494 | |
| Other amounts receivable | 291 | €473,494 | - | -€473,494 | |
| Stocks and contracts in progress | 3 | €192,000 | €1,910,090 | +€1.7m | +895% |
| Stocks | 30/36 | €192,000 | €1,910,090 | +€1.7m | +895% |
| Amounts receivable within one year | 40/41 | €168,439 | €91,825 | -€76,613 | -45.5% |
| Trade receivables | 40 | €123,897 | €73,448 | -€50,449 | -40.7% |
| Other amounts receivable | 41 | €44,541 | €18,378 | -€26,164 | -58.7% |
| Cash at bank and in hand | 54/58 | €305,156 | €186,892 | -€118,265 | -38.8% |
| Deferred charges and accrued income | 490/1 | €1,029 | €1,913 | +€884 | +86.0% |
| Total equity and liabilities | 10/49 | €7,327,275 | €9,001,520 | +€1.7m | +22.8% |
| Equity | 10/15 | €2,464,998 | €2,397,941 | -€67,058 | -2.7% |
| Contributions | 10/11 | €174,368 | €174,368 | = | 0.0% |
| Capital | 10 | €174,368 | €174,368 | = | 0.0% |
| Issued capital | 100 | €174,368 | €174,368 | = | 0.0% |
| Reserves | 13 | €60,737 | €60,737 | = | 0.0% |
| Non-distributable reserves | 130/1 | €17,437 | €17,437 | = | 0.0% |
| Legal reserve | 130 | €17,437 | €17,437 | = | 0.0% |
| Distributable reserves | 133 | €43,300 | €43,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,229,893 | €2,162,835 | -€67,058 | -3.0% |
| Amounts payable | 17/49 | €4,862,277 | €6,603,580 | +€1.7m | +35.8% |
| Amounts payable after more than one year | 17 | €4,134,432 | €6,067,977 | +€1.9m | +46.8% |
| Financial debts | 170/4 | €4,134,432 | €6,067,977 | +€1.9m | +46.8% |
| Amounts payable within one year | 42/48 | €727,845 | €535,603 | -€192,242 | -26.4% |
| Current portion of amounts payable after more than one year | 42 | €150,000 | €313,025 | +€163,025 | +109% |
| Financial debts | 43 | €293,304 | - | -€293,304 | |
| Credit institutions | 430/8 | €293,304 | - | -€293,304 | |
| Trade debts | 44 | €284,542 | €190,206 | -€94,335 | -33.2% |
| Suppliers | 440/4 | €284,542 | €190,206 | -€94,335 | -33.2% |
| Taxes, remuneration and social security | 45 | - | €32,372 | +€32,372 | |
| Taxes | 450/3 | - | €31,573 | +€31,573 | |
| Remuneration and social security | 454/9 | - | €798 | +€798 | |
| Remuneration, social security and pensions | 62 | €49,721 | €54,266 | +€4,545 | +9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €437,999 | €446,599 | +€8,600 | +2.0% |
| Other operating charges | 640/8 | €62,286 | €75,685 | +€13,398 | +21.5% |
| Gross operating margin | 9900 | €785,565 | €649,874 | -€135,690 | -17.3% |
| Operating profit (loss) | 9901 | €235,558 | €73,324 | -€162,234 | -68.9% |
| Financial income | 75/76B | €196 | €3 | -€192 | -98.4% |
| Recurring financial income | 75 | €196 | €3 | -€192 | -98.4% |
| Financial charges | 65/66B | €37,124 | €91,980 | +€54,856 | +148% |
| Recurring financial charges | 65 | €37,124 | €91,980 | +€54,856 | +148% |
| Profit (loss) for the period before taxes | 9903 | €198,629 | -€18,653 | -€217,282 | |
| Income taxes | 67/77 | - | €48,405 | +€48,405 | |
| Profit (loss) for the period | 9904 | €198,629 | -€67,058 | -€265,687 | |
| Profit (loss) for the period to be appropriated | 9905 | €198,629 | -€67,058 | -€265,687 |
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 13 October 2026 via checked.be.