OFFROAD & MORE: 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.
OFFROAD & MORE
Largest movements
- Tangible fixed assets -€43,258
down €43,258 (-37.1%), from €116,542 to €73,285
of which Furniture and vehicles: -€24,423
- Receivables within one year -€36,803
down €36,803 (-38.2%), from €96,295 to €59,492
of which Trade receivables: -€41,259
- Stocks and contracts -€27,853
down €27,853 (-14.1%), from €197,233 to €169,380
- Short-term financial debts -€68,934
down €68,934 (-70.6%), from €97,657 to €28,723
- Trade debts -€38,221
down €38,221 (-39.5%), from €96,782 to €58,561
- Debts after one year -€27,329
down €27,329 (-41.5%), from €65,885 to €38,557
- Profit (loss) carried forward +€15,299
up €15,299 (+69.5%), from -€22,001 to -€6,701
- Tax, wage and social debts +€7,080
up €7,080 (+34.5%), from €20,544 to €27,624
of which Remuneration and social security: +€9,395
- Gross operating margin +€23,764
up €23,764 (+18.1%), from €131,298 to €155,062
- Staff costs -€8,802
down €8,802 (-9.3%), from €95,131 to €86,329
- Depreciation -€3,842
down €3,842 (-8.3%), from €46,375 to €42,533
- Taxes +€2,716
up €2,716, from €0 to €2,716
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.
Cash bridge derived
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 | €430,627 | €319,322 | -€111,305 | -25.8% |
| Fixed assets | 21/28 | €130,275 | €83,468 | -€46,807 | -35.9% |
| Intangible fixed assets | 21 | €7,589 | €4,039 | -€3,549 | -46.8% |
| Tangible fixed assets | 22/27 | €116,542 | €73,285 | -€43,258 | -37.1% |
| Plant, machinery and equipment | 23 | €9,451 | €2,913 | -€6,537 | -69.2% |
| Furniture and vehicles | 24 | €52,571 | €28,148 | -€24,423 | -46.5% |
| Leasing and similar rights | 25 | €52,007 | €40,005 | -€12,002 | -23.1% |
| Other tangible fixed assets | 26 | €2,514 | €2,218 | -€296 | -11.8% |
| Financial fixed assets | 28 | €6,144 | €6,144 | = | 0.0% |
| Current assets | 29/58 | €300,352 | €235,854 | -€64,498 | -21.5% |
| Stocks and contracts in progress | 3 | €197,233 | €169,380 | -€27,853 | -14.1% |
| Stocks | 30/36 | €197,233 | €169,380 | -€27,853 | -14.1% |
| Amounts receivable within one year | 40/41 | €96,295 | €59,492 | -€36,803 | -38.2% |
| Trade receivables | 40 | €77,381 | €36,122 | -€41,259 | -53.3% |
| Other amounts receivable | 41 | €18,914 | €23,369 | +€4,456 | +23.6% |
| Cash at bank and in hand | 54/58 | €6,393 | €5,674 | -€719 | -11.3% |
| Deferred charges and accrued income | 490/1 | €431 | €1,309 | +€878 | +204.0% |
| Total equity and liabilities | 10/49 | €430,627 | €319,322 | -€111,305 | -25.8% |
| Equity | 10/15 | €116,566 | €131,866 | +€15,299 | +13.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €119,967 | €119,967 | = | 0.0% |
| 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 | €118,107 | €118,107 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,001 | -€6,701 | +€15,299 | +69.5% |
| Amounts payable | 17/49 | €314,061 | €187,457 | -€126,604 | -40.3% |
| Amounts payable after more than one year | 17 | €65,885 | €38,557 | -€27,329 | -41.5% |
| Financial debts | 170/4 | €65,885 | €38,557 | -€27,329 | -41.5% |
| Amounts payable within one year | 42/48 | €248,176 | €148,900 | -€99,276 | -40.0% |
| Current portion of amounts payable after more than one year | 42 | €30,614 | €27,329 | -€3,285 | -10.7% |
| Financial debts | 43 | €97,657 | €28,723 | -€68,934 | -70.6% |
| Credit institutions | 430/8 | €97,657 | €28,723 | -€68,934 | -70.6% |
| Trade debts | 44 | €96,782 | €58,561 | -€38,221 | -39.5% |
| Suppliers | 440/4 | €96,782 | €58,561 | -€38,221 | -39.5% |
| Taxes, remuneration and social security | 45 | €20,544 | €27,624 | +€7,080 | +34.5% |
| Taxes | 450/3 | €8,121 | €5,806 | -€2,315 | -28.5% |
| Remuneration and social security | 454/9 | €12,423 | €21,818 | +€9,395 | +75.6% |
| Other amounts payable | 47/48 | €2,579 | €6,664 | +€4,085 | +158.4% |
| Non-recurring operating income | 76A | €21,000 | €5,726 | -€15,274 | -72.7% |
| Remuneration, social security and pensions | 62 | €95,131 | €86,329 | -€8,802 | -9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,375 | €42,533 | -€3,842 | -8.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €2,625 | €1,846 | -€779 | -29.7% |
| Gross operating margin | 9900 | €131,298 | €155,062 | +€23,764 | +18.1% |
| Operating profit (loss) | 9901 | -€12,833 | €24,353 | +€37,186 | |
| Financial income | 75/76B | €1,954 | €3,380 | +€1,426 | +72.9% |
| Recurring financial income | 75 | €1,954 | €3,380 | +€1,426 | +72.9% |
| Financial charges | 65/66B | €11,122 | €9,718 | -€1,405 | -12.6% |
| Recurring financial charges | 65 | €11,122 | €9,718 | -€1,405 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | -€22,001 | €18,015 | +€40,016 | |
| Income taxes | 67/77 | €0 | €2,716 | +€2,716 | |
| Profit (loss) for the period | 9904 | -€22,001 | €15,299 | +€37,300 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,001 | €15,299 | +€37,300 |
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 5 October 2026 via checked.be.