OFFSHORE: 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.
OFFSHORE
Largest movements
- Stocks and contracts -€1,642
down €1,642 (-4.5%), from €36,327 to €34,685
- Profit (loss) carried forward -€4,028
down €4,028 (-7.7%), from -€52,447 to -€56,475
- Short-term financial debts +€2,319
up €2,319 (+71.0%), from €3,267 to €5,586
- Trade debts +€856
up €856 (+1.2%), from €72,497 to €73,354
- Gross operating margin -€6,147
down €6,147 (-10.4%), from €59,125 to €52,978
- Staff costs -€6,098
down €6,098 (-10.4%), from €58,570 to €52,473
- Depreciation -€778
no longer reported in 2025 (was €778)
- Financial income -€771
down €771 (-63.5%), from €1,214 to €443
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 | €78,027 | €77,171 | -€856 | -1.1% |
| Fixed assets | 21/28 | €14,415 | €14,415 | = | 0.0% |
| Tangible fixed assets | 22/27 | €14,307 | €14,307 | = | 0.0% |
| Land and buildings | 22 | €14,307 | €14,307 | = | 0.0% |
| Financial fixed assets | 28 | €107 | €107 | = | 0.0% |
| Current assets | 29/58 | €63,612 | €62,756 | -€856 | -1.3% |
| Stocks and contracts in progress | 3 | €36,327 | €34,685 | -€1,642 | -4.5% |
| Stocks | 30/36 | €36,327 | €34,685 | -€1,642 | -4.5% |
| Amounts receivable within one year | 40/41 | €25,655 | €26,301 | +€647 | +2.5% |
| Trade receivables | 40 | €5,830 | €10,490 | +€4,660 | +79.9% |
| Other amounts receivable | 41 | €19,825 | €15,812 | -€4,014 | -20.2% |
| Cash at bank and in hand | 54/58 | €130 | €270 | +€140 | +107.4% |
| Deferred charges and accrued income | 490/1 | €1,500 | €1,500 | = | 0.0% |
| Total equity and liabilities | 10/49 | €78,027 | €77,171 | -€856 | -1.1% |
| Equity | 10/15 | -€17,095 | -€21,123 | -€4,028 | -23.6% |
| Contributions | 10/11 | €35,352 | €35,352 | = | 0.0% |
| Capital | 10 | €35,352 | €35,352 | = | 0.0% |
| Issued capital | 100 | €40,000 | €40,000 | = | 0.0% |
| Uncalled capital | 101 | €4,648 | €4,648 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€52,447 | -€56,475 | -€4,028 | -7.7% |
| Amounts payable | 17/49 | €95,122 | €98,294 | +€3,172 | +3.3% |
| Amounts payable within one year | 42/48 | €95,122 | €98,294 | +€3,172 | +3.3% |
| Financial debts | 43 | €3,267 | €5,586 | +€2,319 | +71.0% |
| Credit institutions | 430/8 | €3,267 | €5,586 | +€2,319 | +71.0% |
| Trade debts | 44 | €72,497 | €73,354 | +€856 | +1.2% |
| Suppliers | 440/4 | €72,497 | €73,354 | +€856 | +1.2% |
| Taxes, remuneration and social security | 45 | €19,357 | €19,354 | -€3 | 0.0% |
| Taxes | 450/3 | €6,709 | €5,824 | -€885 | -13.2% |
| Remuneration and social security | 454/9 | €12,648 | €13,530 | +€882 | +7.0% |
| Remuneration, social security and pensions | 62 | €58,570 | €52,473 | -€6,098 | -10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €778 | - | -€778 | |
| Other operating charges | 640/8 | €3,137 | €2,864 | -€272 | -8.7% |
| Gross operating margin | 9900 | €59,125 | €52,978 | -€6,147 | -10.4% |
| Operating profit (loss) | 9901 | -€3,360 | -€2,359 | +€1,001 | +29.8% |
| Financial income | 75/76B | €1,214 | €443 | -€771 | -63.5% |
| Recurring financial income | 75 | €1,214 | €443 | -€771 | -63.5% |
| Financial charges | 65/66B | €1,364 | €910 | -€454 | -33.3% |
| Recurring financial charges | 65 | €1,364 | €910 | -€454 | -33.3% |
| Profit (loss) for the period before taxes | 9903 | -€3,510 | -€2,826 | +€684 | +19.5% |
| Income taxes | 67/77 | €1,560 | €1,202 | -€358 | -22.9% |
| Profit (loss) for the period | 9904 | -€5,070 | -€4,028 | +€1,042 | +20.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,070 | -€4,028 | +€1,042 | +20.6% |
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 29 September 2026 via checked.be.