ON.OFF: 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.
ON.OFF
Largest movements
- Tangible fixed assets -€410,827
down €410,827 (-94.9%), from €433,058 to €22,232
of which Land and buildings: -€425,908
- Cash +€109,981
up €109,981 (+5904.4%), from €1,863 to €111,843
mainly Investment in fixed assets (net) (+€407,498) and Other debts (+€46,019)
- Receivables within one year +€15,678
up €15,678 (+18.9%), from €83,068 to €98,746
of which Trade receivables: +€47,918
- Debts after one year -€353,459
no longer reported in 2025 (was €353,459)
- Other debts +€46,019
up €46,019 (+117.9%), from €39,023 to €85,042
- Profit (loss) carried forward +€32,671
up €32,671 (+45.2%), from €72,263 to €104,934
- Current portion of long-term debt -€30,097
no longer reported in 2025 (was €30,097)
- Trade debts +€16,003
up €16,003 (+145.5%), from €11,000 to €27,003
- Depreciation -€9,126
down €9,126 (-73.3%), from €12,454 to €3,329
- Financial charges -€6,802
down €6,802 (-77.5%), from €8,782 to €1,980
- Taxes +€5,341
up €5,341 (+100.5%), from €5,315 to €10,655
- Gross operating margin +€3,800
up €3,800 (+7.9%), from €48,273 to €52,073
- Other operating charges +€791
up €791 (+29.8%), from €2,655 to €3,445
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 | €526,902 | €241,689 | -€285,213 | -54.1% |
| Fixed assets | 21/28 | €434,623 | €23,797 | -€410,827 | -94.5% |
| Tangible fixed assets | 22/27 | €433,058 | €22,232 | -€410,827 | -94.9% |
| Land and buildings | 22 | €425,908 | - | -€425,908 | |
| Plant, machinery and equipment | 23 | - | €3,702 | +€3,702 | |
| Furniture and vehicles | 24 | €7,150 | €18,529 | +€11,379 | +159.2% |
| Financial fixed assets | 28 | €1,565 | €1,565 | = | 0.0% |
| Current assets | 29/58 | €92,279 | €217,892 | +€125,613 | +136.1% |
| Amounts receivable within one year | 40/41 | €83,068 | €98,746 | +€15,678 | +18.9% |
| Trade receivables | 40 | €49,382 | €97,299 | +€47,918 | +97.0% |
| Other amounts receivable | 41 | €33,686 | €1,447 | -€32,239 | -95.7% |
| Cash at bank and in hand | 54/58 | €1,863 | €111,843 | +€109,981 | +5904.4% |
| Deferred charges and accrued income | 490/1 | €7,349 | €7,303 | -€46 | -0.6% |
| Total equity and liabilities | 10/49 | €526,902 | €241,689 | -€285,213 | -54.1% |
| Equity | 10/15 | €81,163 | €113,834 | +€32,671 | +40.3% |
| Reserves | 13 | €8,900 | €8,900 | = | 0.0% |
| Distributable reserves | 133 | €8,900 | €8,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €72,263 | €104,934 | +€32,671 | +45.2% |
| Amounts payable | 17/49 | €445,739 | €127,855 | -€317,884 | -71.3% |
| Amounts payable after more than one year | 17 | €353,459 | - | -€353,459 | |
| Financial debts | 170/4 | €353,459 | - | -€353,459 | |
| Amounts payable within one year | 42/48 | €92,280 | €127,855 | +€35,575 | +38.6% |
| Current portion of amounts payable after more than one year | 42 | €30,097 | - | -€30,097 | |
| Financial debts | 43 | €1,172 | - | -€1,172 | |
| Credit institutions | 430/8 | €1,172 | - | -€1,172 | |
| Trade debts | 44 | €11,000 | €27,003 | +€16,003 | +145.5% |
| Suppliers | 440/4 | €11,000 | €27,003 | +€16,003 | +145.5% |
| Taxes, remuneration and social security | 45 | €10,987 | €15,810 | +€4,822 | +43.9% |
| Taxes | 450/3 | €10,987 | €15,810 | +€4,822 | +43.9% |
| Other amounts payable | 47/48 | €39,023 | €85,042 | +€46,019 | +117.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,454 | €3,329 | -€9,126 | -73.3% |
| Other operating charges | 640/8 | €2,655 | €3,445 | +€791 | +29.8% |
| Gross operating margin | 9900 | €48,273 | €52,073 | +€3,800 | +7.9% |
| Operating profit (loss) | 9901 | €33,164 | €45,299 | +€12,135 | +36.6% |
| Financial income | 75/76B | - | €7 | +€7 | |
| Recurring financial income | 75 | - | €7 | +€7 | |
| Financial charges | 65/66B | €8,782 | €1,980 | -€6,802 | -77.5% |
| Recurring financial charges | 65 | €8,782 | €1,980 | -€6,802 | -77.5% |
| Profit (loss) for the period before taxes | 9903 | €24,381 | €43,326 | +€18,945 | +77.7% |
| Income taxes | 67/77 | €5,315 | €10,655 | +€5,341 | +100.5% |
| Profit (loss) for the period | 9904 | €19,067 | €32,671 | +€13,604 | +71.3% |
| Profit (loss) for the period to be appropriated | 9905 | €19,067 | €32,671 | +€13,604 | +71.3% |
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 7 October 2026 via checked.be.