S-OFFICE: 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.
S-OFFICE
Largest movements
- Financial fixed assets +€250,000
new in 2025: €250,000
- Tangible fixed assets +€107,373
up €107,373 (+2724.3%), from €3,941 to €111,315
of which Land and buildings: +€103,309
- Cash +€14,815
up €14,815 (+230.0%), from €6,442 to €21,257
mainly Debts after one year (+€262,323) and Other debts (+€48,550)
- Receivables within one year +€12,447
up €12,447 (+275.3%), from €4,521 to €16,967
of which Trade receivables: +€12,799
- Debts after one year +€262,323
new in 2025: €262,323
- Other debts +€48,550
up €48,550 (+1092.8%), from €4,443 to €52,993
- Reserves +€35,773
up €35,773 (+1238.9%), from €2,888 to €38,660
- Current portion of long-term debt +€21,758
new in 2025: €21,758
- Tax, wage and social debts +€15,811
up €15,811 (+313.9%), from €5,038 to €20,849
- Gross operating margin +€67,890
up €67,890 (+1367.2%), from €4,966 to €72,856
- Other operating charges +€16,109
new in 2025: €16,109
- Taxes +€10,937
up €10,937 (+600.4%), from €1,822 to €12,759
- Financial charges +€5,659
up €5,659 (+82134.8%), from €7 to €5,666
- Depreciation +€2,291
up €2,291 (+791.0%), from €290 to €2,581
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 | €15,222 | €399,857 | +€384,635 | +2526.8% |
| Fixed assets | 21/28 | €3,941 | €361,315 | +€357,373 | +9067.3% |
| Tangible fixed assets | 22/27 | €3,941 | €111,315 | +€107,373 | +2724.3% |
| Land and buildings | 22 | - | €103,309 | +€103,309 | |
| Furniture and vehicles | 24 | €3,941 | €8,005 | +€4,064 | +103.1% |
| Financial fixed assets | 28 | - | €250,000 | +€250,000 | |
| Current assets | 29/58 | €11,281 | €38,543 | +€27,262 | +241.7% |
| Amounts receivable within one year | 40/41 | €4,521 | €16,967 | +€12,447 | +275.3% |
| Trade receivables | 40 | €4,168 | €16,967 | +€12,799 | +307.0% |
| Other amounts receivable | 41 | €352 | €0 | -€352 | -100.0% |
| Cash at bank and in hand | 54/58 | €6,442 | €21,257 | +€14,815 | +230.0% |
| Deferred charges and accrued income | 490/1 | €318 | €318 | +€0 | 0.0% |
| Total equity and liabilities | 10/49 | €15,222 | €399,857 | +€384,635 | +2526.8% |
| Equity | 10/15 | €5,388 | €41,160 | +€35,773 | +664.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €2,888 | €38,660 | +€35,773 | +1238.9% |
| Distributable reserves | 133 | €2,888 | €38,660 | +€35,773 | +1238.9% |
| Amounts payable | 17/49 | €9,835 | €358,697 | +€348,862 | +3547.2% |
| Amounts payable after more than one year | 17 | - | €262,323 | +€262,323 | |
| Financial debts | 170/4 | - | €262,323 | +€262,323 | |
| Amounts payable within one year | 42/48 | €9,835 | €95,993 | +€86,158 | +876.1% |
| Current portion of amounts payable after more than one year | 42 | - | €21,758 | +€21,758 | |
| Trade debts | 44 | €354 | €393 | +€39 | +11.0% |
| Suppliers | 440/4 | €354 | €393 | +€39 | +11.0% |
| Taxes, remuneration and social security | 45 | €5,038 | €20,849 | +€15,811 | +313.9% |
| Taxes | 450/3 | €5,038 | €20,849 | +€15,811 | +313.9% |
| Other amounts payable | 47/48 | €4,443 | €52,993 | +€48,550 | +1092.8% |
| Accrued charges and deferred income | 492/3 | - | €381 | +€381 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €290 | €2,581 | +€2,291 | +791.0% |
| Other operating charges | 640/8 | - | €16,109 | +€16,109 | |
| Gross operating margin | 9900 | €4,966 | €72,856 | +€67,890 | +1367.2% |
| Operating profit (loss) | 9901 | €4,676 | €54,165 | +€49,489 | +1058.4% |
| Financial income | 75/76B | €40 | €32 | -€8 | -19.5% |
| Recurring financial income | 75 | €40 | €32 | -€8 | -19.5% |
| Financial charges | 65/66B | €7 | €5,666 | +€5,659 | +82134.8% |
| Recurring financial charges | 65 | €7 | €5,666 | +€5,659 | +82134.8% |
| Profit (loss) for the period before taxes | 9903 | €4,709 | €48,532 | +€43,823 | +930.6% |
| Income taxes | 67/77 | €1,822 | €12,759 | +€10,937 | +600.4% |
| Profit (loss) for the period | 9904 | €2,888 | €35,773 | +€32,885 | +1138.9% |
| Profit (loss) for the period to be appropriated | 9905 | €2,888 | €35,773 | +€32,885 | +1138.9% |
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 2 October 2026 via checked.be.