OFFSHORE 45: 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 45
Largest movements
- Receivables within one year +€54,953
up €54,953 (+54.1%), from €101,500 to €156,453
- Tangible fixed assets -€51,929
down €51,929 (-37.7%), from €137,561 to €85,632
- Debts after one year -€59,971
down €59,971 (-43.0%), from €139,496 to €79,525
of which Other amounts payable: -€49,889
- Profit (loss) carried forward +€46,018
up €46,018 (+420.7%), from €10,938 to €56,956
- Trade debts +€40,011
up €40,011 (+218.7%), from €18,298 to €58,309
- Tax, wage and social debts -€20,185
down €20,185 (-68.3%), from €29,564 to €9,379
- Short-term financial debts -€3,177
down €3,177 (-25.1%), from €12,675 to €9,498
- Taxes -€10,113
down €10,113 (-56.1%), from €18,041 to €7,928
- Other operating charges -€4,983
down €4,983 (-89.5%), from €5,565 to €582
- Financial charges +€4,828
up €4,828 (+126.0%), from €3,830 to €8,658
- Gross operating margin -€3,540
down €3,540 (-3.8%), from €93,432 to €89,892
- Depreciation -€1,772
down €1,772 (-6.2%), from €28,478 to €26,706
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €239,370 | €242,350 | +€2,980 | +1.2% |
| Fixed assets | 21/28 | €137,826 | €85,897 | -€51,929 | -37.7% |
| Tangible fixed assets | 22/27 | €137,561 | €85,632 | -€51,929 | -37.7% |
| Land and buildings | 22 | €11,774 | €4,299 | -€7,475 | -63.5% |
| Furniture and vehicles | 24 | €30,883 | €8,064 | -€22,820 | -73.9% |
| Other tangible fixed assets | 26 | €94,904 | €73,269 | -€21,635 | -22.8% |
| Financial fixed assets | 28 | €265 | €265 | = | 0.0% |
| Current assets | 29/58 | €101,544 | €156,453 | +€54,909 | +54.1% |
| Amounts receivable within one year | 40/41 | €101,500 | €156,453 | +€54,953 | +54.1% |
| Trade receivables | 40 | €101,500 | €156,453 | +€54,953 | +54.1% |
| Cash at bank and in hand | 54/58 | €44 | - | -€44 | |
| Total equity and liabilities | 10/49 | €239,370 | €242,350 | +€2,980 | +1.2% |
| Equity | 10/15 | €29,538 | €75,556 | +€46,018 | +155.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,938 | €56,956 | +€46,018 | +420.7% |
| Amounts payable | 17/49 | €209,832 | €166,794 | -€43,038 | -20.5% |
| Amounts payable after more than one year | 17 | €139,496 | €79,525 | -€59,971 | -43.0% |
| Financial debts | 170/4 | €12,649 | €2,566 | -€10,083 | -79.7% |
| Other amounts payable | 178/9 | €126,848 | €76,959 | -€49,889 | -39.3% |
| Amounts payable within one year | 42/48 | €70,336 | €87,269 | +€16,933 | +24.1% |
| Current portion of amounts payable after more than one year | 42 | €9,799 | €10,083 | +€283 | +2.9% |
| Financial debts | 43 | €12,675 | €9,498 | -€3,177 | -25.1% |
| Credit institutions | 430/8 | €12,675 | €9,498 | -€3,177 | -25.1% |
| Trade debts | 44 | €18,298 | €58,309 | +€40,011 | +218.7% |
| Suppliers | 440/4 | €18,298 | €58,309 | +€40,011 | +218.7% |
| Taxes, remuneration and social security | 45 | €29,564 | €9,379 | -€20,185 | -68.3% |
| Taxes | 450/3 | €29,564 | €9,379 | -€20,185 | -68.3% |
| Non-recurring operating income | 76A | €30,061 | - | -€30,061 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,478 | €26,706 | -€1,772 | -6.2% |
| Other operating charges | 640/8 | €5,565 | €582 | -€4,983 | -89.5% |
| Gross operating margin | 9900 | €93,432 | €89,892 | -€3,540 | -3.8% |
| Operating profit (loss) | 9901 | €59,389 | €62,604 | +€3,215 | +5.4% |
| Financial charges | 65/66B | €3,830 | €8,658 | +€4,828 | +126.0% |
| Recurring financial charges | 65 | €3,830 | €8,658 | +€4,828 | +126.0% |
| Profit (loss) for the period before taxes | 9903 | €55,559 | €53,946 | -€1,613 | -2.9% |
| Income taxes | 67/77 | €18,041 | €7,928 | -€10,113 | -56.1% |
| Profit (loss) for the period | 9904 | €37,518 | €46,018 | +€8,500 | +22.7% |
| Profit (loss) for the period to be appropriated | 9905 | €37,518 | €46,018 | +€8,500 | +22.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.