OFFSIDE: 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.
OFFSIDE
Largest movements
- Receivables within one year +€118,581
up €118,581 (+55.5%), from €213,625 to €332,206
of which Other amounts receivable: +€134,783
- Cash -€61,742
down €61,742 (-67.4%), from €91,580 to €29,838
mainly Receivables within one year (-€118,581) and Debts after one year (-€21,875)
- Tangible fixed assets -€23,962
down €23,962 (-18.9%), from €126,808 to €102,846
of which Furniture and vehicles: -€22,929
- Receivables after one year -€15,000
down €15,000 (-20.0%), from €75,000 to €60,000
- Trade debts +€56,940
up €56,940 (+121%), from €47,004 to €103,945
- Debts after one year -€21,875
down €21,875 (-24.7%), from €88,493 to €66,618
- Tax, wage and social debts -€10,589
down €10,589 (-9.0%), from €117,698 to €107,109
of which Taxes: -€7,135
- Reserves -€6,890
down €6,890 (-3.2%), from €214,821 to €207,932
of which Distributable reserves: -€6,890
- Other debts +€6,450
up €6,450 (+100%), from €6,450 to €12,900
- Gross operating margin +€24,894
up €24,894 (+8.2%), from €304,634 to €329,528
- Staff costs +€24,369
up €24,369 (+9.7%), from €249,968 to €274,337
- Depreciation +€20,337
up €20,337 (+293%), from €6,931 to €27,268
- Taxes -€8,816
down €8,816 (-52.0%), from €16,964 to €8,148
- Financial charges +€5,806
up €5,806 (+202%), from €2,874 to €8,679
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.
Derived cash bridge
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 | €522,980 | €542,387 | +€19,407 | +3.7% |
| Fixed assets | 21/28 | €126,858 | €102,896 | -€23,962 | -18.9% |
| Tangible fixed assets | 22/27 | €126,808 | €102,846 | -€23,962 | -18.9% |
| Plant, machinery and equipment | 23 | €3,394 | €2,735 | -€659 | -19.4% |
| Furniture and vehicles | 24 | €122,334 | €99,405 | -€22,929 | -18.7% |
| Other tangible fixed assets | 26 | €1,080 | €706 | -€374 | -34.6% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €396,123 | €439,491 | +€43,369 | +10.9% |
| Amounts receivable after more than one year | 29 | €75,000 | €60,000 | -€15,000 | -20.0% |
| Other amounts receivable | 291 | €75,000 | €60,000 | -€15,000 | -20.0% |
| Stocks and contracts in progress | 3 | €12,418 | €13,260 | +€842 | +6.8% |
| Stocks | 30/36 | €12,418 | €13,260 | +€842 | +6.8% |
| Amounts receivable within one year | 40/41 | €213,625 | €332,206 | +€118,581 | +55.5% |
| Trade receivables | 40 | €24,626 | €8,424 | -€16,203 | -65.8% |
| Other amounts receivable | 41 | €188,999 | €323,782 | +€134,783 | +71.3% |
| Cash at bank and in hand | 54/58 | €91,580 | €29,838 | -€61,742 | -67.4% |
| Deferred charges and accrued income | 490/1 | €3,499 | €4,187 | +€689 | +19.7% |
| Total equity and liabilities | 10/49 | €522,980 | €542,387 | +€19,407 | +3.7% |
| Equity | 10/15 | €234,821 | €227,932 | -€6,890 | -2.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €214,821 | €207,932 | -€6,890 | -3.2% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €212,821 | €205,932 | -€6,890 | -3.2% |
| Amounts payable | 17/49 | €288,159 | €314,456 | +€26,296 | +9.1% |
| Amounts payable after more than one year | 17 | €88,493 | €66,618 | -€21,875 | -24.7% |
| Financial debts | 170/4 | €88,493 | €66,618 | -€21,875 | -24.7% |
| Amounts payable within one year | 42/48 | €194,409 | €245,828 | +€51,419 | +26.4% |
| Current portion of amounts payable after more than one year | 42 | €23,257 | €21,875 | -€1,382 | -5.9% |
| Trade debts | 44 | €47,004 | €103,945 | +€56,940 | +121% |
| Suppliers | 440/4 | €47,004 | €103,945 | +€56,940 | +121% |
| Taxes, remuneration and social security | 45 | €117,698 | €107,109 | -€10,589 | -9.0% |
| Taxes | 450/3 | €84,917 | €77,783 | -€7,135 | -8.4% |
| Remuneration and social security | 454/9 | €32,781 | €29,326 | -€3,454 | -10.5% |
| Other amounts payable | 47/48 | €6,450 | €12,900 | +€6,450 | +100% |
| Accrued charges and deferred income | 492/3 | €5,257 | €2,009 | -€3,248 | -61.8% |
| Remuneration, social security and pensions | 62 | €249,968 | €274,337 | +€24,369 | +9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,931 | €27,268 | +€20,337 | +293% |
| Other operating charges | 640/8 | €8,660 | €8,744 | +€84 | +1.0% |
| Gross operating margin | 9900 | €304,634 | €329,528 | +€24,894 | +8.2% |
| Operating profit (loss) | 9901 | €39,075 | €19,180 | -€19,896 | -50.9% |
| Financial income | 75/76B | €8,491 | €12,258 | +€3,767 | +44.4% |
| Recurring financial income | 75 | €8,491 | €12,258 | +€3,767 | +44.4% |
| Financial charges | 65/66B | €2,874 | €8,679 | +€5,806 | +202% |
| Recurring financial charges | 65 | €2,874 | €8,679 | +€5,806 | +202% |
| Profit (loss) for the period before taxes | 9903 | €44,692 | €22,758 | -€21,934 | -49.1% |
| Income taxes | 67/77 | €16,964 | €8,148 | -€8,816 | -52.0% |
| Profit (loss) for the period | 9904 | €27,728 | €14,610 | -€13,118 | -47.3% |
| Profit (loss) for the period to be appropriated | 9905 | €27,728 | €14,610 | -€13,118 | -47.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.