THE CORNER OFFICE: 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.
THE CORNER OFFICE
Largest movements
- Cash +€53,313
up €53,313 (+115%), from €46,265 to €99,577
mainly Net result for the year (+€55,816) and Receivables within one year (+€7,543)
- Current investments +€13,980
up €13,980 (+4.7%), from €295,477 to €309,457
- Receivables within one year -€7,543
down €7,543 (-29.9%), from €25,193 to €17,651
of which Trade receivables: -€4,750
- Reserves +€55,816
up €55,816 (+15.4%), from €362,407 to €418,223
of which Non-distributable reserves: +€55,800
- Financial income +€16,756
up €16,756 (+374%), from €4,485 to €21,241
- Gross operating margin +€4,459
up €4,459 (+7.2%), from €62,320 to €66,778
- Other operating charges -€1,283
down €1,283 (-12.6%), from €10,172 to €8,890
- Taxes -€861
down €861 (-5.0%), from €17,313 to €16,451
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 | €412,385 | €467,494 | +€55,109 | +13.4% |
| Fixed assets | 21/28 | €44,095 | €40,189 | -€3,906 | -8.9% |
| Tangible fixed assets | 22/27 | €44,095 | €40,189 | -€3,906 | -8.9% |
| Plant, machinery and equipment | 23 | €2,779 | €3,032 | +€253 | +9.1% |
| Furniture and vehicles | 24 | €19,029 | €14,871 | -€4,159 | -21.9% |
| Other tangible fixed assets | 26 | €22,287 | €22,287 | = | 0.0% |
| Current assets | 29/58 | €368,290 | €427,305 | +€59,015 | +16.0% |
| Amounts receivable within one year | 40/41 | €25,193 | €17,651 | -€7,543 | -29.9% |
| Trade receivables | 40 | €22,356 | €17,606 | -€4,750 | -21.2% |
| Other amounts receivable | 41 | €2,837 | €45 | -€2,792 | -98.4% |
| Current investments | 50/53 | €295,477 | €309,457 | +€13,980 | +4.7% |
| Cash at bank and in hand | 54/58 | €46,265 | €99,577 | +€53,313 | +115% |
| Deferred charges and accrued income | 490/1 | €1,355 | €620 | -€735 | -54.2% |
| Total equity and liabilities | 10/49 | €412,385 | €467,494 | +€55,109 | +13.4% |
| Equity | 10/15 | €374,807 | €430,623 | +€55,816 | +14.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €362,407 | €418,223 | +€55,816 | +15.4% |
| Non-distributable reserves | 130/1 | €236,250 | €292,050 | +€55,800 | +23.6% |
| Other | 1319 | €236,250 | €292,050 | +€55,800 | +23.6% |
| Distributable reserves | 133 | €126,157 | €126,173 | +€16 | 0.0% |
| Amounts payable | 17/49 | €37,578 | €36,871 | -€707 | -1.9% |
| Amounts payable within one year | 42/48 | €37,578 | €36,871 | -€707 | -1.9% |
| Trade debts | 44 | - | €2,404 | +€2,404 | |
| Suppliers | 440/4 | - | €2,404 | +€2,404 | |
| Taxes, remuneration and social security | 45 | €7,920 | €6,098 | -€1,822 | -23.0% |
| Taxes | 450/3 | €7,920 | €6,098 | -€1,822 | -23.0% |
| Other amounts payable | 47/48 | €29,658 | €28,369 | -€1,289 | -4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,345 | €5,870 | -€474 | -7.5% |
| Other operating charges | 640/8 | €10,172 | €8,890 | -€1,283 | -12.6% |
| Gross operating margin | 9900 | €62,320 | €66,778 | +€4,459 | +7.2% |
| Operating profit (loss) | 9901 | €45,802 | €52,018 | +€6,216 | +13.6% |
| Financial income | 75/76B | €4,485 | €21,241 | +€16,756 | +374% |
| Recurring financial income | 75 | €4,485 | €21,241 | +€16,756 | +374% |
| Financial charges | 65/66B | €877 | €992 | +€115 | +13.1% |
| Recurring financial charges | 65 | €877 | €992 | +€115 | +13.1% |
| Profit (loss) for the period before taxes | 9903 | €49,410 | €72,267 | +€22,857 | +46.3% |
| Income taxes | 67/77 | €17,313 | €16,451 | -€861 | -5.0% |
| Profit (loss) for the period | 9904 | €32,098 | €55,816 | +€23,718 | +73.9% |
| Profit (loss) for the period to be appropriated | 9905 | €32,098 | €55,816 | +€23,718 | +73.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.