AANNEMING OCKERMAN: 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.
AANNEMING OCKERMAN
Largest movements
- Receivables within one year -€89,410
down €89,410 (-34.9%), from €256,538 to €167,128
of which Trade receivables: -€58,417
- Tangible fixed assets -€73,334
down €73,334 (-38.4%), from €191,073 to €117,739
of which Furniture and vehicles: -€49,120
- Stocks and contracts +€72,808
up €72,808 (+588%), from €12,392 to €85,200
of which Contracts in progress: +€50,000
- Cash -€57,593
down €57,593 (-45.3%), from €127,255 to €69,661
mainly Stocks and contracts (-€72,808) and Trade debts (-€55,819)
- Trade debts -€55,819
down €55,819 (-52.1%), from €107,061 to €51,242
- Debts after one year -€41,303
down €41,303 (-32.4%), from €127,409 to €86,106
- Short-term financial debts -€33,333
no longer reported in 2025 (was €33,333)
- Current portion of long-term debt -€17,107
down €17,107 (-27.9%), from €61,257 to €44,150
- Reserves +€9,235
up €9,235 (+3.8%), from €240,444 to €249,680
- Gross operating margin -€21,853
down €21,853 (-15.0%), from €145,677 to €123,824
- Taxes -€10,226
down €10,226 (-41.4%), from €24,717 to €14,491
- Depreciation +€5,468
up €5,468 (+11.7%), from €46,568 to €52,036
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 | €590,475 | €440,619 | -€149,856 | -25.4% |
| Fixed assets | 21/28 | €191,073 | €117,739 | -€73,334 | -38.4% |
| Tangible fixed assets | 22/27 | €191,073 | €117,739 | -€73,334 | -38.4% |
| Plant, machinery and equipment | 23 | €74,307 | €50,093 | -€24,214 | -32.6% |
| Furniture and vehicles | 24 | €116,766 | €67,646 | -€49,120 | -42.1% |
| Current assets | 29/58 | €399,402 | €322,879 | -€76,522 | -19.2% |
| Stocks and contracts in progress | 3 | €12,392 | €85,200 | +€72,808 | +588% |
| Stocks | 30/36 | €12,392 | €35,200 | +€22,808 | +184% |
| Contracts in progress | 37 | - | €50,000 | +€50,000 | |
| Amounts receivable within one year | 40/41 | €256,538 | €167,128 | -€89,410 | -34.9% |
| Trade receivables | 40 | €221,263 | €162,846 | -€58,417 | -26.4% |
| Other amounts receivable | 41 | €35,275 | €4,281 | -€30,993 | -87.9% |
| Cash at bank and in hand | 54/58 | €127,255 | €69,661 | -€57,593 | -45.3% |
| Deferred charges and accrued income | 490/1 | €3,218 | €890 | -€2,327 | -72.3% |
| Total equity and liabilities | 10/49 | €590,475 | €440,619 | -€149,856 | -25.4% |
| Equity | 10/15 | €245,444 | €254,680 | +€9,235 | +3.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €240,444 | €249,680 | +€9,235 | +3.8% |
| Distributable reserves | 133 | €240,444 | €249,680 | +€9,235 | +3.8% |
| Amounts payable | 17/49 | €345,030 | €185,939 | -€159,091 | -46.1% |
| Amounts payable after more than one year | 17 | €127,409 | €86,106 | -€41,303 | -32.4% |
| Financial debts | 170/4 | €127,409 | €86,106 | -€41,303 | -32.4% |
| Amounts payable within one year | 42/48 | €217,621 | €99,833 | -€117,788 | -54.1% |
| Current portion of amounts payable after more than one year | 42 | €61,257 | €44,150 | -€17,107 | -27.9% |
| Financial debts | 43 | €33,333 | - | -€33,333 | |
| Credit institutions | 430/8 | €33,333 | - | -€33,333 | |
| Trade debts | 44 | €107,061 | €51,242 | -€55,819 | -52.1% |
| Suppliers | 440/4 | €107,061 | €51,242 | -€55,819 | -52.1% |
| Taxes, remuneration and social security | 45 | €10,988 | €4,440 | -€6,547 | -59.6% |
| Taxes | 450/3 | €6,612 | €1,409 | -€5,203 | -78.7% |
| Remuneration and social security | 454/9 | €4,375 | €3,031 | -€1,344 | -30.7% |
| Other amounts payable | 47/48 | €4,982 | - | -€4,982 | |
| Non-recurring operating income | 76A | - | €4,959 | +€4,959 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,568 | €52,036 | +€5,468 | +11.7% |
| Other operating charges | 640/8 | €1,639 | €2,557 | +€918 | +56.0% |
| Non-recurring operating charges | 66A | - | €8,487 | +€8,487 | |
| Gross operating margin | 9900 | €145,677 | €123,824 | -€21,853 | -15.0% |
| Operating profit (loss) | 9901 | €97,470 | €60,744 | -€36,726 | -37.7% |
| Financial income | 75/76B | €15 | €3 | -€11 | -76.6% |
| Recurring financial income | 75 | €15 | €3 | -€11 | -76.6% |
| Financial charges | 65/66B | €7,460 | €8,838 | +€1,378 | +18.5% |
| Recurring financial charges | 65 | €7,460 | €8,838 | +€1,378 | +18.5% |
| Profit (loss) for the period before taxes | 9903 | €90,025 | €51,910 | -€38,116 | -42.3% |
| Income taxes | 67/77 | €24,717 | €14,491 | -€10,226 | -41.4% |
| Profit (loss) for the period | 9904 | €65,308 | €37,418 | -€27,890 | -42.7% |
| Profit (loss) for the period to be appropriated | 9905 | €65,308 | €37,418 | -€27,890 | -42.7% |
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 17 October 2026 via checked.be.