OFFSIDE: what changed
OFFSIDE
Largest movements
- Receivables within one year +€117,587
up €117,587 (+35.4%), from €332,206 to €449,793
of which Other amounts receivable: +€69,602
- Tangible fixed assets -€27,196
down €27,196 (-26.4%), from €102,846 to €75,650
of which Furniture and vehicles: -€26,293
- Receivables after one year -€15,000
down €15,000 (-25.0%), from €60,000 to €45,000
- Cash -€8,542
down €8,542 (-28.6%), from €29,838 to €21,295
mainly Receivables within one year (-€117,587) and Debts after one year (-€22,710)
- Reserves +€42,419
up €42,419 (+20.4%), from €207,932 to €250,351
of which Distributable reserves: +€42,419
- Trade debts +€35,478
up €35,478 (+34.1%), from €103,945 to €139,422
- Debts after one year -€22,710
down €22,710 (-34.1%), from €66,618 to €43,908
- Tax, wage and social debts +€10,110
up €10,110 (+9.4%), from €107,109 to €117,218
of which Remuneration and social security: +€14,530
- Gross operating margin +€84,203
up €84,203 (+25.6%), from €329,528 to €413,731
- Staff costs +€25,665
up €25,665 (+9.4%), from €274,337 to €300,002
- Taxes +€19,251
up €19,251 (+236%), from €8,148 to €27,399
- Financial income +€5,657
up €5,657 (+46.1%), from €12,258 to €17,915
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 | €542,387 | €610,122 | +€67,735 | +12.5% |
| Fixed assets | 21/28 | €102,896 | €75,700 | -€27,196 | -26.4% |
| Tangible fixed assets | 22/27 | €102,846 | €75,650 | -€27,196 | -26.4% |
| Plant, machinery and equipment | 23 | €2,735 | €2,205 | -€530 | -19.4% |
| Furniture and vehicles | 24 | €99,405 | €73,112 | -€26,293 | -26.5% |
| Other tangible fixed assets | 26 | €706 | €333 | -€374 | -52.9% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €439,491 | €534,423 | +€94,931 | +21.6% |
| Amounts receivable after more than one year | 29 | €60,000 | €45,000 | -€15,000 | -25.0% |
| Other amounts receivable | 291 | €60,000 | €45,000 | -€15,000 | -25.0% |
| Stocks and contracts in progress | 3 | €13,260 | €14,451 | +€1,191 | +9.0% |
| Stocks | 30/36 | €13,260 | €14,451 | +€1,191 | +9.0% |
| Amounts receivable within one year | 40/41 | €332,206 | €449,793 | +€117,587 | +35.4% |
| Trade receivables | 40 | €8,424 | €56,408 | +€47,985 | +570% |
| Other amounts receivable | 41 | €323,782 | €393,384 | +€69,602 | +21.5% |
| Cash at bank and in hand | 54/58 | €29,838 | €21,295 | -€8,542 | -28.6% |
| Deferred charges and accrued income | 490/1 | €4,187 | €3,883 | -€304 | -7.3% |
| Total equity and liabilities | 10/49 | €542,387 | €610,122 | +€67,735 | +12.5% |
| Equity | 10/15 | €227,932 | €270,351 | +€42,419 | +18.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €207,932 | €250,351 | +€42,419 | +20.4% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €205,932 | €248,351 | +€42,419 | +20.6% |
| Amounts payable | 17/49 | €314,456 | €339,771 | +€25,316 | +8.1% |
| Amounts payable after more than one year | 17 | €66,618 | €43,908 | -€22,710 | -34.1% |
| Financial debts | 170/4 | €66,618 | €43,908 | -€22,710 | -34.1% |
| Amounts payable within one year | 42/48 | €245,828 | €293,050 | +€47,222 | +19.2% |
| Current portion of amounts payable after more than one year | 42 | €21,875 | €22,710 | +€835 | +3.8% |
| Trade debts | 44 | €103,945 | €139,422 | +€35,478 | +34.1% |
| Suppliers | 440/4 | €103,945 | €139,422 | +€35,478 | +34.1% |
| Taxes, remuneration and social security | 45 | €107,109 | €117,218 | +€10,110 | +9.4% |
| Taxes | 450/3 | €77,783 | €73,362 | -€4,421 | -5.7% |
| Remuneration and social security | 454/9 | €29,326 | €43,857 | +€14,530 | +49.5% |
| Other amounts payable | 47/48 | €12,900 | €13,700 | +€800 | +6.2% |
| Accrued charges and deferred income | 492/3 | €2,009 | €2,813 | +€803 | +40.0% |
| Remuneration, social security and pensions | 62 | €274,337 | €300,002 | +€25,665 | +9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,268 | €27,196 | -€71 | -0.3% |
| Other operating charges | 640/8 | €8,744 | €9,679 | +€935 | +10.7% |
| Gross operating margin | 9900 | €329,528 | €413,731 | +€84,203 | +25.6% |
| Operating profit (loss) | 9901 | €19,180 | €76,854 | +€57,674 | +301% |
| Financial income | 75/76B | €12,258 | €17,915 | +€5,657 | +46.1% |
| Recurring financial income | 75 | €12,258 | €17,915 | +€5,657 | +46.1% |
| Financial charges | 65/66B | €8,679 | €8,951 | +€271 | +3.1% |
| Recurring financial charges | 65 | €8,679 | €8,951 | +€271 | +3.1% |
| Profit (loss) for the period before taxes | 9903 | €22,758 | €85,818 | +€63,060 | +277% |
| Income taxes | 67/77 | €8,148 | €27,399 | +€19,251 | +236% |
| Profit (loss) for the period | 9904 | €14,610 | €58,419 | +€43,809 | +300% |
| Profit (loss) for the period to be appropriated | 9905 | €14,610 | €58,419 | +€43,809 | +300% |
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 6 November 2026 via checked.be.