OFFSHORE ADVENTURE: what changed
Two financial 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 ADVENTURE
Largest movements
- Cash -€31,449
down €31,449 (-96.0%), from €32,755 to €1,306
mainly Investment in fixed assets (net) (-€27,293) and Receivables within one year (-€14,373)
- Tangible fixed assets +€17,926
up €17,926 (+60.5%), from €29,631 to €47,556
- Receivables within one year +€14,373
up €14,373 (+200%), from €7,182 to €21,555
of which Trade receivables: +€13,687
- Trade debts +€16,485
up €16,485 (+248%), from €6,644 to €23,129
- Profit (loss) carried forward -€11,579
down €11,579 (-37.8%), from -€30,639 to -€42,219
- Debts after one year -€4,115
down €4,115 (-5.5%), from €74,807 to €70,692
- Depreciation +€5,886
up €5,886 (+169%), from €3,481 to €9,367
- Gross operating margin -€5,647
down €5,647, from €4,121 to -€1,526
- Other operating charges -€200
down €200 (-30.0%), from €667 to €467
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.
Derived cash bridge
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 | €69,568 | €70,418 | +€850 | +1.2% |
| Fixed assets | 21/28 | €29,631 | €47,556 | +€17,926 | +60.5% |
| Tangible fixed assets | 22/27 | €29,631 | €47,556 | +€17,926 | +60.5% |
| Furniture and vehicles | 24 | €29,631 | €47,556 | +€17,926 | +60.5% |
| Current assets | 29/58 | €39,937 | €22,861 | -€17,076 | -42.8% |
| Amounts receivable within one year | 40/41 | €7,182 | €21,555 | +€14,373 | +200% |
| Trade receivables | 40 | €6,566 | €20,254 | +€13,687 | +208% |
| Other amounts receivable | 41 | €616 | €1,301 | +€685 | +111% |
| Cash at bank and in hand | 54/58 | €32,755 | €1,306 | -€31,449 | -96.0% |
| Total equity and liabilities | 10/49 | €69,568 | €70,418 | +€850 | +1.2% |
| Equity | 10/15 | -€12,039 | -€23,619 | -€11,579 | -96.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,639 | -€42,219 | -€11,579 | -37.8% |
| Amounts payable | 17/49 | €81,607 | €94,036 | +€12,429 | +15.2% |
| Amounts payable after more than one year | 17 | €74,807 | €70,692 | -€4,115 | -5.5% |
| Other amounts payable | 178/9 | €74,807 | €70,692 | -€4,115 | -5.5% |
| Amounts payable within one year | 42/48 | €6,800 | €23,344 | +€16,544 | +243% |
| Financial debts | 43 | - | €37 | +€37 | |
| Credit institutions | 430/8 | - | €37 | +€37 | |
| Trade debts | 44 | €6,644 | €23,129 | +€16,485 | +248% |
| Suppliers | 440/4 | €6,644 | €23,129 | +€16,485 | +248% |
| Taxes, remuneration and social security | 45 | - | €22 | +€22 | |
| Taxes | 450/3 | - | €22 | +€22 | |
| Other amounts payable | 47/48 | €156 | €156 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,481 | €9,367 | +€5,886 | +169% |
| Other operating charges | 640/8 | €667 | €467 | -€200 | -30.0% |
| Gross operating margin | 9900 | €4,121 | -€1,526 | -€5,647 | |
| Operating profit (loss) | 9901 | -€26 | -€11,359 | -€11,333 | -42,798% |
| Financial income | 75/76B | €2 | €0 | -€2 | -99.4% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -99.4% |
| Financial charges | 65/66B | €221 | €220 | -€1 | -0.6% |
| Recurring financial charges | 65 | €221 | €220 | -€1 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | -€246 | -€11,579 | -€11,333 | -4,605% |
| Income taxes | 67/77 | €38 | - | -€38 | |
| Profit (loss) for the period | 9904 | -€284 | -€11,579 | -€11,296 | -3,979% |
| Profit (loss) for the period to be appropriated | 9905 | -€284 | -€11,579 | -€11,296 | -3,979% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.