Onshore: 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.
Onshore
Largest movements
- Cash -€25,148
down €25,148 (-28.6%), from €87,896 to €62,748
mainly Debts after one year (-€80,410) and Net result for the year (-€29,764)
- Tangible fixed assets -€15,161
down €15,161 (-27.9%), from €54,388 to €39,227
of which Furniture and vehicles: -€12,185
- Receivables within one year -€1,474
no longer reported in 2025 (was €1,474)
- Debts after one year -€80,410
no longer reported in 2025 (was €80,410)
- Current portion of long-term debt +€70,741
new in 2025: €70,741
- Profit (loss) carried forward -€31,173
down €31,173, from €30,964 to -€209
- Contributions -€6,200
no longer reported in 2025 (was €6,200)
- Reserves +€6,200
up €6,200 (+24.6%), from €25,243 to €31,443
of which Non-distributable reserves: +€6,200
- Gross operating margin -€42,916
down €42,916, from €31,178 to -€11,738
- Depreciation -€1,681
down €1,681 (-10.0%), from €16,843 to €15,162
- Staff costs -€1,503
down €1,503 (-60.0%), from €2,503 to €1,000
- Taxes +€1,073
new in 2025: €1,073
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 | €143,758 | €101,975 | -€41,783 | -29.1% |
| Fixed assets | 21/28 | €54,388 | €39,227 | -€15,161 | -27.9% |
| Tangible fixed assets | 22/27 | €54,388 | €39,227 | -€15,161 | -27.9% |
| Plant, machinery and equipment | 23 | €6,655 | €3,679 | -€2,976 | -44.7% |
| Furniture and vehicles | 24 | €47,733 | €35,548 | -€12,185 | -25.5% |
| Current assets | 29/58 | €89,370 | €62,748 | -€26,622 | -29.8% |
| Amounts receivable within one year | 40/41 | €1,474 | - | -€1,474 | |
| Other amounts receivable | 41 | €1,474 | - | -€1,474 | |
| Cash at bank and in hand | 54/58 | €87,896 | €62,748 | -€25,148 | -28.6% |
| Total equity and liabilities | 10/49 | €143,758 | €101,975 | -€41,783 | -29.1% |
| Equity | 10/15 | €62,407 | €31,234 | -€31,173 | -50.0% |
| Contributions | 10/11 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €25,243 | €31,443 | +€6,200 | +24.6% |
| Non-distributable reserves | 130/1 | €1,860 | €8,060 | +€6,200 | +333% |
| Reserves not available under the articles | 1311 | €1,860 | €8,060 | +€6,200 | +333% |
| Distributable reserves | 133 | €23,383 | €23,383 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,964 | -€209 | -€31,173 | |
| Amounts payable | 17/49 | €81,351 | €70,741 | -€10,610 | -13.0% |
| Amounts payable after more than one year | 17 | €80,410 | - | -€80,410 | |
| Other amounts payable | 178/9 | €80,410 | - | -€80,410 | |
| Amounts payable within one year | 42/48 | €941 | €70,741 | +€69,800 | +7,418% |
| Current portion of amounts payable after more than one year | 42 | - | €70,741 | +€70,741 | |
| Trade debts | 44 | €941 | - | -€941 | |
| Suppliers | 440/4 | €941 | - | -€941 | |
| Remuneration, social security and pensions | 62 | €2,503 | €1,000 | -€1,503 | -60.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,843 | €15,162 | -€1,681 | -10.0% |
| Other operating charges | 640/8 | €891 | €663 | -€228 | -25.6% |
| Gross operating margin | 9900 | €31,178 | -€11,738 | -€42,916 | |
| Operating profit (loss) | 9901 | €10,941 | -€28,563 | -€39,504 | |
| Financial income | 75/76B | €3 | €3 | = | 0.0% |
| Recurring financial income | 75 | €3 | €3 | = | 0.0% |
| Financial charges | 65/66B | €279 | €131 | -€148 | -53.0% |
| Recurring financial charges | 65 | €279 | €131 | -€148 | -53.0% |
| Profit (loss) for the period before taxes | 9903 | €10,665 | -€28,691 | -€39,356 | |
| Income taxes | 67/77 | - | €1,073 | +€1,073 | |
| Profit (loss) for the period | 9904 | €10,665 | -€29,764 | -€40,429 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,665 | -€29,764 | -€40,429 |
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 13 October 2026 via checked.be.