C-O-O: 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.
C-O-O
Largest movements
- Receivables within one year -€25,090
down €25,090 (-36.5%), from €68,726 to €43,636
of which Trade receivables: -€25,478
- Cash -€22,028
down €22,028 (-73.8%), from €29,832 to €7,804
mainly Investment in fixed assets (net) (-€21,103) and Net result for the year (-€18,192)
- Deferred charges and accrued income +€6,972
up €6,972 (+207%), from €3,362 to €10,334
- Profit (loss) carried forward -€18,192
down €18,192, from €0 to -€18,192
- Other debts -€13,877
down €13,877 (-46.0%), from €30,161 to €16,284
- Tax, wage and social debts -€6,565
down €6,565 (-66.2%), from €9,918 to €3,353
- Debts after one year -€3,619
down €3,619 (-8.3%), from €43,844 to €40,225
- Current portion of long-term debt +€2,897
up €2,897 (+16.0%), from €18,121 to €21,018
- Gross operating margin -€43,011
down €43,011 (-75.8%), from €56,715 to €13,703
- Taxes -€6,970
down €6,970 (-94.3%), from €7,394 to €424
- Other operating charges +€5,629
up €5,629 (+229%), from €2,456 to €8,085
- Depreciation +€1,234
up €1,234 (+6.4%), from €19,348 to €20,582
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 | €195,688 | €156,061 | -€39,627 | -20.3% |
| Fixed assets | 21/28 | €93,767 | €94,288 | +€520 | +0.6% |
| Tangible fixed assets | 22/27 | €93,767 | €94,288 | +€520 | +0.6% |
| Land and buildings | 22 | €45,979 | €39,113 | -€6,866 | -14.9% |
| Plant, machinery and equipment | 23 | €2,825 | €2,044 | -€781 | -27.6% |
| Furniture and vehicles | 24 | €44,964 | €49,769 | +€4,805 | +10.7% |
| Other tangible fixed assets | 26 | - | €3,362 | +€3,362 | |
| Current assets | 29/58 | €101,921 | €61,773 | -€40,147 | -39.4% |
| Amounts receivable within one year | 40/41 | €68,726 | €43,636 | -€25,090 | -36.5% |
| Trade receivables | 40 | €68,153 | €42,675 | -€25,478 | -37.4% |
| Other amounts receivable | 41 | €573 | €961 | +€388 | +67.7% |
| Cash at bank and in hand | 54/58 | €29,832 | €7,804 | -€22,028 | -73.8% |
| Deferred charges and accrued income | 490/1 | €3,362 | €10,334 | +€6,972 | +207% |
| Total equity and liabilities | 10/49 | €195,688 | €156,061 | -€39,627 | -20.3% |
| Equity | 10/15 | €91,129 | €72,937 | -€18,192 | -20.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €72,529 | €72,529 | = | 0.0% |
| Distributable reserves | 133 | €72,529 | €72,529 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€18,192 | -€18,192 | |
| Amounts payable | 17/49 | €104,559 | €83,124 | -€21,435 | -20.5% |
| Amounts payable after more than one year | 17 | €43,844 | €40,225 | -€3,619 | -8.3% |
| Financial debts | 170/4 | €43,844 | €40,225 | -€3,619 | -8.3% |
| Amounts payable within one year | 42/48 | €60,055 | €42,827 | -€17,227 | -28.7% |
| Current portion of amounts payable after more than one year | 42 | €18,121 | €21,018 | +€2,897 | +16.0% |
| Trade debts | 44 | €1,855 | €2,172 | +€317 | +17.1% |
| Suppliers | 440/4 | €1,855 | €2,172 | +€317 | +17.1% |
| Taxes, remuneration and social security | 45 | €9,918 | €3,353 | -€6,565 | -66.2% |
| Taxes | 450/3 | €9,918 | €3,353 | -€6,565 | -66.2% |
| Other amounts payable | 47/48 | €30,161 | €16,284 | -€13,877 | -46.0% |
| Accrued charges and deferred income | 492/3 | €660 | €72 | -€588 | -89.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,348 | €20,582 | +€1,234 | +6.4% |
| Other operating charges | 640/8 | €2,456 | €8,085 | +€5,629 | +229% |
| Gross operating margin | 9900 | €56,715 | €13,703 | -€43,011 | -75.8% |
| Operating profit (loss) | 9901 | €34,911 | -€14,964 | -€49,875 | |
| Financial income | 75/76B | - | €189 | +€189 | |
| Recurring financial income | 75 | - | €189 | +€189 | |
| Financial charges | 65/66B | €2,892 | €2,993 | +€101 | +3.5% |
| Recurring financial charges | 65 | €2,892 | €2,993 | +€101 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | €32,019 | -€17,768 | -€49,786 | |
| Income taxes | 67/77 | €7,394 | €424 | -€6,970 | -94.3% |
| Profit (loss) for the period | 9904 | €24,625 | -€18,192 | -€42,817 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,625 | -€18,192 | -€42,817 |
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 20 October 2026 via checked.be.