@TheOffice: 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.
@TheOffice
Largest movements
- Cash +€70,068
up €70,068 (+92.2%), from €75,956 to €146,024
mainly Current portion of long-term debt (+€69,978) and Tax, wage and social debts (+€61,287)
- Current portion of long-term debt +€69,978
new in 2025: €69,978
- Tax, wage and social debts +€61,287
up €61,287 (+150.1%), from €40,827 to €102,114
of which Taxes: +€38,180
- Trade debts -€43,996
down €43,996 (-22.0%), from €199,787 to €155,791
- Other debts -€34,255
down €34,255 (-97.7%), from €35,061 to €806
- Reserves +€25,613
up €25,613 (+37.1%), from €69,008 to €94,622
of which Distributable reserves: +€25,613
- Gross operating margin -€13,375
down €13,375 (-5.5%), from €242,432 to €229,058
- Depreciation -€5,950
down €5,950 (-70.9%), from €8,388 to €2,439
- Staff costs -€5,881
down €5,881 (-3.1%), from €187,466 to €181,585
- Write-downs -€5,836
down €5,836 (-60.1%), from €9,703 to €3,867
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 | €380,462 | €453,662 | +€73,200 | +19.2% |
| Fixed assets | 21/28 | €21,808 | €22,622 | +€814 | +3.7% |
| Intangible fixed assets | 21 | €11,322 | €10,622 | -€700 | -6.2% |
| Tangible fixed assets | 22/27 | €3,286 | €4,800 | +€1,514 | +46.1% |
| Furniture and vehicles | 24 | €3,286 | €4,800 | +€1,514 | +46.1% |
| Financial fixed assets | 28 | €7,200 | €7,200 | = | 0.0% |
| Current assets | 29/58 | €358,654 | €431,040 | +€72,386 | +20.2% |
| Amounts receivable within one year | 40/41 | €255,422 | €259,629 | +€4,207 | +1.6% |
| Trade receivables | 40 | €249,469 | €257,669 | +€8,200 | +3.3% |
| Other amounts receivable | 41 | €5,952 | €1,959 | -€3,993 | -67.1% |
| Cash at bank and in hand | 54/58 | €75,956 | €146,024 | +€70,068 | +92.2% |
| Deferred charges and accrued income | 490/1 | €27,276 | €25,387 | -€1,889 | -6.9% |
| Total equity and liabilities | 10/49 | €380,462 | €453,662 | +€73,200 | +19.2% |
| Equity | 10/15 | €71,008 | €96,622 | +€25,613 | +36.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €69,008 | €94,622 | +€25,613 | +37.1% |
| Tax-exempt reserves | 132 | €1,613 | €1,613 | = | 0.0% |
| Distributable reserves | 133 | €67,396 | €93,009 | +€25,613 | +38.0% |
| Amounts payable | 17/49 | €309,453 | €357,041 | +€47,587 | +15.4% |
| Amounts payable after more than one year | 17 | €33,000 | €22,000 | -€11,000 | -33.3% |
| Financial debts | 170/4 | €33,000 | €22,000 | -€11,000 | -33.3% |
| Amounts payable within one year | 42/48 | €275,674 | €328,688 | +€53,014 | +19.2% |
| Current portion of amounts payable after more than one year | 42 | - | €69,978 | +€69,978 | |
| Trade debts | 44 | €199,787 | €155,791 | -€43,996 | -22.0% |
| Suppliers | 440/4 | €199,787 | €155,791 | -€43,996 | -22.0% |
| Taxes, remuneration and social security | 45 | €40,827 | €102,114 | +€61,287 | +150.1% |
| Taxes | 450/3 | €20,844 | €59,024 | +€38,180 | +183.2% |
| Remuneration and social security | 454/9 | €19,983 | €43,090 | +€23,107 | +115.6% |
| Other amounts payable | 47/48 | €35,061 | €806 | -€34,255 | -97.7% |
| Accrued charges and deferred income | 492/3 | €779 | €6,352 | +€5,573 | +715.5% |
| Remuneration, social security and pensions | 62 | €187,466 | €181,585 | -€5,881 | -3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,388 | €2,439 | -€5,950 | -70.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,703 | €3,867 | -€5,836 | -60.1% |
| Other operating charges | 640/8 | €1,427 | €682 | -€746 | -52.2% |
| Gross operating margin | 9900 | €242,432 | €229,058 | -€13,375 | -5.5% |
| Operating profit (loss) | 9901 | €35,447 | €40,485 | +€5,038 | +14.2% |
| Financial income | 75/76B | €391 | €302 | -€89 | -22.7% |
| Recurring financial income | 75 | €391 | €302 | -€89 | -22.7% |
| Financial charges | 65/66B | €3,499 | €4,399 | +€900 | +25.7% |
| Recurring financial charges | 65 | €3,499 | €4,399 | +€900 | +25.7% |
| Profit (loss) for the period before taxes | 9903 | €32,339 | €36,389 | +€4,049 | +12.5% |
| Income taxes | 67/77 | €10,368 | €10,775 | +€408 | +3.9% |
| Profit (loss) for the period | 9904 | €21,971 | €25,613 | +€3,642 | +16.6% |
| Profit (loss) for the period to be appropriated | 9905 | €21,971 | €25,613 | +€3,642 | +16.6% |
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 10 October 2026 via checked.be.