The Penthouse Office: what changed
The Penthouse Office
Largest movements
- Cash +€28,173
up €28,173 (+3,564%), from €791 to €28,963
mainly Other debts (+€34,099) and Depreciation (+€4,201)
- Tangible fixed assets -€4,201
down €4,201 (-2.5%), from €168,421 to €164,220
- Other debts +€34,099
up €34,099 (+8,525%), from €400 to €34,499
- Debts after one year -€8,565
down €8,565 (-7.3%), from €117,699 to €109,134
- Trade debts -€2,265
down €2,265 (-90.3%), from €2,507 to €242
- Financial charges +€2,943
up €2,943 (+69.6%), from €4,227 to €7,170
- Gross operating margin -€319
down €319 (-2.5%), from €12,782 to €12,462
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €169,212 | €193,183 | +€23,972 | +14.2% |
| Fixed assets | 21/28 | €168,421 | €164,220 | -€4,201 | -2.5% |
| Tangible fixed assets | 22/27 | €168,421 | €164,220 | -€4,201 | -2.5% |
| Land and buildings | 22 | €168,421 | €164,220 | -€4,201 | -2.5% |
| Current assets | 29/58 | €791 | €28,963 | +€28,173 | +3,564% |
| Cash at bank and in hand | 54/58 | €791 | €28,963 | +€28,173 | +3,564% |
| Total equity and liabilities | 10/49 | €169,212 | €193,183 | +€23,972 | +14.2% |
| Equity | 10/15 | €40,048 | €40,272 | +€224 | +0.6% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,952 | -€4,728 | +€224 | +4.5% |
| Amounts payable | 17/49 | €129,164 | €152,911 | +€23,748 | +18.4% |
| Amounts payable after more than one year | 17 | €117,699 | €109,134 | -€8,565 | -7.3% |
| Financial debts | 170/4 | €117,699 | €109,134 | -€8,565 | -7.3% |
| Amounts payable within one year | 42/48 | €11,465 | €43,778 | +€32,313 | +282% |
| Current portion of amounts payable after more than one year | 42 | €8,302 | €8,565 | +€264 | +3.2% |
| Trade debts | 44 | €2,507 | €242 | -€2,265 | -90.3% |
| Suppliers | 440/4 | €2,507 | €242 | -€2,265 | -90.3% |
| Taxes, remuneration and social security | 45 | €256 | €471 | +€215 | +84.1% |
| Taxes | 450/3 | €256 | €471 | +€215 | +84.1% |
| Other amounts payable | 47/48 | €400 | €34,499 | +€34,099 | +8,525% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,201 | €4,201 | = | 0.0% |
| Other operating charges | 640/8 | €841 | €867 | +€27 | +3.2% |
| Gross operating margin | 9900 | €12,782 | €12,462 | -€319 | -2.5% |
| Operating profit (loss) | 9901 | €7,740 | €7,394 | -€346 | -4.5% |
| Financial charges | 65/66B | €4,227 | €7,170 | +€2,943 | +69.6% |
| Recurring financial charges | 65 | €4,227 | €7,170 | +€2,943 | +69.6% |
| Profit (loss) for the period before taxes | 9903 | €3,513 | €224 | -€3,289 | -93.6% |
| Profit (loss) for the period | 9904 | €3,513 | €224 | -€3,289 | -93.6% |
| Profit (loss) for the period to be appropriated | 9905 | €3,513 | €224 | -€3,289 | -93.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.