THE OFFSHORE: 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 OFFSHORE
Largest movements
- Receivables within one year +€3,254
up €3,254 (+97.2%), from €3,350 to €6,604
of which Trade receivables: +€4,259
- Stocks and contracts +€824
up €824 (+25.9%), from €3,181 to €4,004
- Cash +€669
up €669 (+309%), from €216 to €885
mainly Other debts (+€3,286) and Trade debts (+€2,481)
- Tangible fixed assets -€373
down €373 (-79.2%), from €470 to €98
- Other debts +€3,286
up €3,286 (+5.5%), from €59,988 to €63,274
- Trade debts +€2,481
up €2,481 (+13.3%), from €18,651 to €21,132
- Profit (loss) carried forward -€764
down €764 (-0.9%), from -€81,697 to -€82,462
- Tax, wage and social debts -€628
down €628 (-27.6%), from €2,276 to €1,648
- Gross operating margin -€6,380
down €6,380 (-66.7%), from €9,569 to €3,189
- Financial charges -€1,627
down €1,627 (-50.1%), from €3,247 to €1,620
- Financial income -€234
down €234 (-60.5%), from €387 to €153
- Depreciation -€170
down €170 (-31.3%), from €542 to €373
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 | €7,217 | €11,591 | +€4,374 | +60.6% |
| Fixed assets | 21/28 | €470 | €98 | -€373 | -79.2% |
| Tangible fixed assets | 22/27 | €470 | €98 | -€373 | -79.2% |
| Furniture and vehicles | 24 | €470 | €98 | -€373 | -79.2% |
| Current assets | 29/58 | €6,747 | €11,493 | +€4,747 | +70.4% |
| Stocks and contracts in progress | 3 | €3,181 | €4,004 | +€824 | +25.9% |
| Stocks | 30/36 | €3,181 | €4,004 | +€824 | +25.9% |
| Amounts receivable within one year | 40/41 | €3,350 | €6,604 | +€3,254 | +97.2% |
| Trade receivables | 40 | €2,345 | €6,604 | +€4,259 | +182% |
| Other amounts receivable | 41 | €1,004 | - | -€1,004 | |
| Cash at bank and in hand | 54/58 | €216 | €885 | +€669 | +309% |
| Total equity and liabilities | 10/49 | €7,217 | €11,591 | +€4,374 | +60.6% |
| Equity | 10/15 | -€73,697 | -€74,462 | -€764 | -1.0% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€81,697 | -€82,462 | -€764 | -0.9% |
| Amounts payable | 17/49 | €80,914 | €86,053 | +€5,139 | +6.4% |
| Amounts payable within one year | 42/48 | €80,914 | €86,053 | +€5,139 | +6.4% |
| Trade debts | 44 | €18,651 | €21,132 | +€2,481 | +13.3% |
| Suppliers | 440/4 | €18,651 | €21,132 | +€2,481 | +13.3% |
| Taxes, remuneration and social security | 45 | €2,276 | €1,648 | -€628 | -27.6% |
| Taxes | 450/3 | €2,276 | €1,648 | -€628 | -27.6% |
| Other amounts payable | 47/48 | €59,988 | €63,274 | +€3,286 | +5.5% |
| Remuneration, social security and pensions | 62 | €57 | - | -€57 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €542 | €373 | -€170 | -31.3% |
| Other operating charges | 640/8 | €594 | €643 | +€49 | +8.2% |
| Non-recurring operating charges | 66A | - | €1,470 | +€1,470 | |
| Gross operating margin | 9900 | €9,569 | €3,189 | -€6,380 | -66.7% |
| Operating profit (loss) | 9901 | €8,376 | €703 | -€7,673 | -91.6% |
| Financial income | 75/76B | €387 | €153 | -€234 | -60.5% |
| Recurring financial income | 75 | €387 | €153 | -€234 | -60.5% |
| Financial charges | 65/66B | €3,247 | €1,620 | -€1,627 | -50.1% |
| Recurring financial charges | 65 | €3,247 | €1,620 | -€1,627 | -50.1% |
| Profit (loss) for the period before taxes | 9903 | €5,516 | -€764 | -€6,280 | |
| Profit (loss) for the period | 9904 | €5,516 | -€764 | -€6,280 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,516 | -€764 | -€6,280 |
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.