The 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 Office
Largest movements
- Tangible fixed assets -€44,111
down €44,111 (-7.1%), from €619,931 to €575,820
of which Land and buildings: -€43,317
- Receivables within one year +€38,684
up €38,684 (+15.6%), from €248,566 to €287,251
of which Other amounts receivable: +€25,000
- Debts after one year -€74,372
down €74,372 (-13.9%), from €533,377 to €459,005
- Trade debts +€60,941
up €60,941 (+186%), from €32,817 to €93,757
- Profit (loss) carried forward +€9,246
up €9,246 (+32.4%), from -€28,530 to -€19,284
- Gross operating margin +€10,447
up €10,447 (+11.5%), from €90,559 to €101,006
- Taxes +€2,199
new in 2025: €2,199
- Depreciation -€1,578
down €1,578 (-2.3%), from €67,727 to €66,148
- Financial charges -€1,083
down €1,083 (-10.3%), from €10,553 to €9,470
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 | €870,199 | €864,996 | -€5,203 | -0.6% |
| Fixed assets | 21/28 | €619,956 | €575,845 | -€44,111 | -7.1% |
| Tangible fixed assets | 22/27 | €619,931 | €575,820 | -€44,111 | -7.1% |
| Land and buildings | 22 | €618,666 | €575,349 | -€43,317 | -7.0% |
| Plant, machinery and equipment | 23 | €757 | €338 | -€419 | -55.4% |
| Furniture and vehicles | 24 | €508 | €134 | -€375 | -73.7% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €250,243 | €289,150 | +€38,908 | +15.5% |
| Amounts receivable within one year | 40/41 | €248,566 | €287,251 | +€38,684 | +15.6% |
| Trade receivables | 40 | €8,566 | €22,251 | +€13,684 | +160% |
| Other amounts receivable | 41 | €240,000 | €265,000 | +€25,000 | +10.4% |
| Cash at bank and in hand | 54/58 | €304 | €529 | +€225 | +73.9% |
| Deferred charges and accrued income | 490/1 | €1,373 | €1,371 | -€1 | -0.1% |
| Total equity and liabilities | 10/49 | €870,199 | €864,996 | -€5,203 | -0.6% |
| Equity | 10/15 | -€3,530 | €5,716 | +€9,246 | |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,530 | -€19,284 | +€9,246 | +32.4% |
| Amounts payable | 17/49 | €873,728 | €859,279 | -€14,449 | -1.7% |
| Amounts payable after more than one year | 17 | €533,377 | €459,005 | -€74,372 | -13.9% |
| Financial debts | 170/4 | €533,377 | €459,005 | -€74,372 | -13.9% |
| Amounts payable within one year | 42/48 | €340,351 | €400,274 | +€59,923 | +17.6% |
| Current portion of amounts payable after more than one year | 42 | €74,295 | €74,372 | +€77 | +0.1% |
| Financial debts | 43 | €76 | €272 | +€196 | +259% |
| Credit institutions | 430/8 | €76 | €272 | +€196 | +259% |
| Trade debts | 44 | €32,817 | €93,757 | +€60,941 | +186% |
| Suppliers | 440/4 | €32,817 | €93,757 | +€60,941 | +186% |
| Taxes, remuneration and social security | 45 | €995 | €3,343 | +€2,348 | +236% |
| Taxes | 450/3 | €995 | €3,343 | +€2,348 | +236% |
| Other amounts payable | 47/48 | €232,168 | €228,530 | -€3,639 | -1.6% |
| Remuneration, social security and pensions | 62 | €1,098 | €740 | -€358 | -32.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,727 | €66,148 | -€1,578 | -2.3% |
| Other operating charges | 640/8 | €12,803 | €13,203 | +€400 | +3.1% |
| Gross operating margin | 9900 | €90,559 | €101,006 | +€10,447 | +11.5% |
| Operating profit (loss) | 9901 | €8,931 | €20,914 | +€11,983 | +134% |
| Financial income | 75/76B | €10 | €1 | -€9 | -94.8% |
| Recurring financial income | 75 | €10 | €1 | -€9 | -94.8% |
| Financial charges | 65/66B | €10,553 | €9,470 | -€1,083 | -10.3% |
| Recurring financial charges | 65 | €10,553 | €9,470 | -€1,083 | -10.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,612 | €11,445 | +€13,057 | |
| Income taxes | 67/77 | - | €2,199 | +€2,199 | |
| Profit (loss) for the period | 9904 | -€1,612 | €9,246 | +€10,858 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,612 | €9,246 | +€10,858 |
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 23 October 2026 via checked.be.