OFFITEL: 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.
OFFITEL
Largest movements
- Receivables within one year -€219,185
down €219,185 (-7.2%), from €3.1m to €2.8m
of which Other amounts receivable: -€301,832
- Cash -€103,588
down €103,588 (-52.9%), from €195,691 to €92,102
mainly Other debts (-€193,341) and Trade debts (-€53,702)
- Other debts -€193,341
down €193,341 (-14.5%), from €1.3m to €1.1m
- Trade debts -€53,702
down €53,702 (-8.7%), from €614,890 to €561,187
- Tax, wage and social debts -€45,336
down €45,336 (-30.1%), from €150,557 to €105,220
of which Remuneration and social security: -€26,912
- Gross operating margin -€371,477
down €371,477 (-39.4%), from €942,102 to €570,625
- Staff costs -€162,686
down €162,686 (-23.3%), from €698,065 to €535,379
- Taxes -€43,842
down €43,842 (-89.4%), from €49,018 to €5,176
- Other operating charges -€43,474
down €43,474 (-91.7%), from €47,412 to €3,939
- Write-downs +€12,255
up €12,255, from -€12,255 to €0
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,322,086 | €2,995,836 | -€326,249 | -9.8% |
| Fixed assets | 21/28 | €49,606 | €45,735 | -€3,871 | -7.8% |
| Intangible fixed assets | 21 | €4,535 | €2,343 | -€2,192 | -48.3% |
| Tangible fixed assets | 22/27 | €44,347 | €42,668 | -€1,679 | -3.8% |
| Land and buildings | 22 | €8,709 | €6,692 | -€2,017 | -23.2% |
| Plant, machinery and equipment | 23 | €21,113 | €18,073 | -€3,040 | -14.4% |
| Furniture and vehicles | 24 | €14,525 | €17,903 | +€3,378 | +23.3% |
| Financial fixed assets | 28 | €724 | €724 | = | 0.0% |
| Current assets | 29/58 | €3,272,480 | €2,950,101 | -€322,378 | -9.9% |
| Amounts receivable within one year | 40/41 | €3,061,303 | €2,842,118 | -€219,185 | -7.2% |
| Trade receivables | 40 | €918,862 | €1,001,509 | +€82,647 | +9.0% |
| Other amounts receivable | 41 | €2,142,441 | €1,840,609 | -€301,832 | -14.1% |
| Cash at bank and in hand | 54/58 | €195,691 | €92,102 | -€103,588 | -52.9% |
| Deferred charges and accrued income | 490/1 | €15,486 | €15,881 | +€395 | +2.5% |
| Total equity and liabilities | 10/49 | €3,322,086 | €2,995,836 | -€326,249 | -9.8% |
| Equity | 10/15 | €902,294 | €897,507 | -€4,786 | -0.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €184,515 | €184,515 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,740 | €3,740 | = | 0.0% |
| Distributable reserves | 133 | €174,575 | €174,575 | = | 0.0% |
| Profit (loss) carried forward | 14 | €655,779 | €650,992 | -€4,786 | -0.7% |
| Amounts payable | 17/49 | €2,419,792 | €2,098,329 | -€321,463 | -13.3% |
| Amounts payable after more than one year | 17 | €42,588 | €34,778 | -€7,810 | -18.3% |
| Financial debts | 170/4 | €42,588 | €34,778 | -€7,810 | -18.3% |
| Amounts payable within one year | 42/48 | €2,351,141 | €2,062,104 | -€289,038 | -12.3% |
| Current portion of amounts payable after more than one year | 42 | €7,731 | €7,810 | +€79 | +1.0% |
| Financial debts | 43 | €246,677 | €249,940 | +€3,263 | +1.3% |
| Credit institutions | 430/8 | €246,677 | €249,940 | +€3,263 | +1.3% |
| Trade debts | 44 | €614,890 | €561,187 | -€53,702 | -8.7% |
| Suppliers | 440/4 | €614,890 | €561,187 | -€53,702 | -8.7% |
| Taxes, remuneration and social security | 45 | €150,557 | €105,220 | -€45,336 | -30.1% |
| Taxes | 450/3 | €34,881 | €16,456 | -€18,424 | -52.8% |
| Remuneration and social security | 454/9 | €115,676 | €88,764 | -€26,912 | -23.3% |
| Other amounts payable | 47/48 | €1,331,287 | €1,137,946 | -€193,341 | -14.5% |
| Accrued charges and deferred income | 492/3 | €26,062 | €1,447 | -€24,615 | -94.4% |
| Remuneration, social security and pensions | 62 | €698,065 | €535,379 | -€162,686 | -23.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,871 | €10,986 | -€3,885 | -26.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€12,255 | €0 | +€12,255 | |
| Other operating charges | 640/8 | €47,412 | €3,939 | -€43,474 | -91.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €942,102 | €570,625 | -€371,477 | -39.4% |
| Operating profit (loss) | 9901 | €194,010 | €20,322 | -€173,688 | -89.5% |
| Financial income | 75/76B | €226 | €1,206 | +€980 | +434.2% |
| Recurring financial income | 75 | €226 | €1,206 | +€980 | +434.2% |
| Financial charges | 65/66B | €20,667 | €21,137 | +€470 | +2.3% |
| Recurring financial charges | 65 | €20,667 | €21,137 | +€470 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | €173,568 | €390 | -€173,178 | -99.8% |
| Income taxes | 67/77 | €49,018 | €5,176 | -€43,842 | -89.4% |
| Profit (loss) for the period | 9904 | €124,550 | -€4,786 | -€129,336 | |
| Profit (loss) for the period to be appropriated | 9905 | €124,550 | -€4,786 | -€129,336 |
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 6 October 2026 via checked.be.