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
- Cash -€7,350
down €7,350 (-67.0%), from €10,967 to €3,618
mainly Net result for the year (-€6,666) and Investment in fixed assets (net) (-€3,453)
- Tangible fixed assets -€5,078
down €5,078 (-26.9%), from €18,900 to €13,821
of which Plant, machinery and equipment: -€4,220
- Profit (loss) carried forward -€6,666
down €6,666 (-27971.8%), from -€24 to -€6,690
- Trade debts -€2,035
down €2,035 (-67.5%), from €3,014 to €979
- Accrued charges and deferred income -€1,500
no longer reported in 2025 (was €1,500)
- Tax, wage and social debts -€1,161
down €1,161 (-44.1%), from €2,633 to €1,471
- Other debts -€1,015
down €1,015 (-22.9%), from €4,432 to €3,418
- Gross operating margin -€7,269
down €7,269 (-67.0%), from €10,847 to €3,578
- Taxes -€195
down €195 (-46.0%), from €423 to €228
- Depreciation -€190
down €190 (-2.2%), from €8,722 to €8,531
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 | €33,855 | €21,478 | -€12,377 | -36.6% |
| Fixed assets | 21/28 | €18,900 | €13,821 | -€5,078 | -26.9% |
| Tangible fixed assets | 22/27 | €18,900 | €13,821 | -€5,078 | -26.9% |
| Plant, machinery and equipment | 23 | €18,042 | €13,821 | -€4,220 | -23.4% |
| Furniture and vehicles | 24 | €858 | - | -€858 | |
| Current assets | 29/58 | €14,956 | €7,657 | -€7,299 | -48.8% |
| Amounts receivable within one year | 40/41 | €3,216 | €3,527 | +€311 | +9.7% |
| Trade receivables | 40 | €1,438 | €262 | -€1,177 | -81.8% |
| Other amounts receivable | 41 | €1,778 | €3,266 | +€1,488 | +83.7% |
| Cash at bank and in hand | 54/58 | €10,967 | €3,618 | -€7,350 | -67.0% |
| Deferred charges and accrued income | 490/1 | €772 | €512 | -€261 | -33.7% |
| Total equity and liabilities | 10/49 | €33,855 | €21,478 | -€12,377 | -36.6% |
| Equity | 10/15 | €22,276 | €15,610 | -€6,666 | -29.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €3,700 | €3,700 | = | 0.0% |
| Distributable reserves | 133 | €3,700 | €3,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24 | -€6,690 | -€6,666 | -27971.8% |
| Amounts payable | 17/49 | €11,579 | €5,868 | -€5,711 | -49.3% |
| Amounts payable within one year | 42/48 | €10,079 | €5,868 | -€4,211 | -41.8% |
| Trade debts | 44 | €3,014 | €979 | -€2,035 | -67.5% |
| Suppliers | 440/4 | €3,014 | €979 | -€2,035 | -67.5% |
| Taxes, remuneration and social security | 45 | €2,633 | €1,471 | -€1,161 | -44.1% |
| Taxes | 450/3 | €2,633 | €1,471 | -€1,161 | -44.1% |
| Other amounts payable | 47/48 | €4,432 | €3,418 | -€1,015 | -22.9% |
| Accrued charges and deferred income | 492/3 | €1,500 | - | -€1,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,722 | €8,531 | -€190 | -2.2% |
| Other operating charges | 640/8 | €996 | €1,072 | +€76 | +7.6% |
| Gross operating margin | 9900 | €10,847 | €3,578 | -€7,269 | -67.0% |
| Operating profit (loss) | 9901 | €1,129 | -€6,025 | -€7,155 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €386 | €413 | +€27 | +7.1% |
| Recurring financial charges | 65 | €386 | €413 | +€27 | +7.1% |
| Profit (loss) for the period before taxes | 9903 | €743 | -€6,437 | -€7,181 | |
| Income taxes | 67/77 | €423 | €228 | -€195 | -46.0% |
| Profit (loss) for the period | 9904 | €320 | -€6,666 | -€6,986 | |
| Profit (loss) for the period to be appropriated | 9905 | €320 | -€6,666 | -€6,986 |
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 30 September 2026 via checked.be.