De Ooievaar: 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.
De Ooievaar
Largest movements
- Tangible fixed assets +€4.3m
up €4.3m (+69.2%), from €6.2m to €10.5m
of which Land and buildings: +€4.3m
- Receivables within one year +€1.3m
up €1.3m (+492%), from €267,007 to €1.6m
of which Other amounts receivable: +€1.2m
- Cash -€778,173
down €778,173 (-81.8%), from €951,391 to €173,217
mainly Investment in fixed assets (net) (-€4.5m) and Receivables within one year (-€1.3m)
- Other debts +€5.1m
up €5.1m (+65.2%), from €7.8m to €12.8m
- Profit (loss) carried forward -€370,530
down €370,530 (-32.3%), from -€1.1m to -€1.5m
- Depreciation +€136,163
up €136,163 (+156%), from €87,520 to €223,683
- Gross operating margin +€96,170
up €96,170 (+40.9%), from -€234,876 to -€138,705
- Financial income -€41,207
down €41,207 (-99.6%), from €41,370 to €163
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 | €11,725,935 | €16,556,184 | +€4.8m | +41.2% |
| Fixed assets | 21/28 | €10,339,664 | €14,645,494 | +€4.3m | +41.6% |
| Tangible fixed assets | 22/27 | €6,218,107 | €10,523,937 | +€4.3m | +69.2% |
| Land and buildings | 22 | €5,883,859 | €10,225,578 | +€4.3m | +73.8% |
| Plant, machinery and equipment | 23 | €196,449 | €204,945 | +€8,496 | +4.3% |
| Furniture and vehicles | 24 | €137,799 | €93,414 | -€44,385 | -32.2% |
| Financial fixed assets | 28 | €4,121,557 | €4,121,557 | = | 0.0% |
| Current assets | 29/58 | €1,386,270 | €1,910,689 | +€524,419 | +37.8% |
| Stocks and contracts in progress | 3 | €139,724 | €139,724 | = | 0.0% |
| Stocks | 30/36 | €139,724 | €139,724 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €267,007 | €1,581,042 | +€1.3m | +492% |
| Trade receivables | 40 | €267,007 | €369,529 | +€102,522 | +38.4% |
| Other amounts receivable | 41 | - | €1,211,513 | +€1.2m | |
| Cash at bank and in hand | 54/58 | €951,391 | €173,217 | -€778,173 | -81.8% |
| Deferred charges and accrued income | 490/1 | €28,149 | €16,707 | -€11,442 | -40.6% |
| Total equity and liabilities | 10/49 | €11,725,935 | €16,556,184 | +€4.8m | +41.2% |
| Equity | 10/15 | €3,854,150 | €3,483,620 | -€370,530 | -9.6% |
| Contributions | 10/11 | €5,000,000 | €5,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,145,850 | -€1,516,380 | -€370,530 | -32.3% |
| Amounts payable | 17/49 | €7,871,785 | €13,072,564 | +€5.2m | +66.1% |
| Amounts payable within one year | 42/48 | €7,871,785 | €13,072,564 | +€5.2m | +66.1% |
| Trade debts | 44 | €99,571 | €187,113 | +€87,542 | +87.9% |
| Suppliers | 440/4 | €99,571 | €187,113 | +€87,542 | +87.9% |
| Taxes, remuneration and social security | 45 | €22,213 | €85,450 | +€63,237 | +285% |
| Taxes | 450/3 | €22,213 | €85,450 | +€63,237 | +285% |
| Other amounts payable | 47/48 | €7,750,000 | €12,800,000 | +€5.1m | +65.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €87,520 | €223,683 | +€136,163 | +156% |
| Other operating charges | 640/8 | €7,387 | €7,730 | +€343 | +4.6% |
| Gross operating margin | 9900 | -€234,876 | -€138,705 | +€96,170 | +40.9% |
| Operating profit (loss) | 9901 | -€329,783 | -€370,118 | -€40,335 | -12.2% |
| Financial income | 75/76B | €41,370 | €163 | -€41,207 | -99.6% |
| Recurring financial income | 75 | €41,370 | €163 | -€41,207 | -99.6% |
| Financial charges | 65/66B | €1,203 | €575 | -€628 | -52.2% |
| Recurring financial charges | 65 | €1,203 | €575 | -€628 | -52.2% |
| Profit (loss) for the period before taxes | 9903 | -€289,617 | -€370,530 | -€80,913 | -27.9% |
| Profit (loss) for the period | 9904 | -€289,617 | -€370,530 | -€80,913 | -27.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€289,617 | -€370,530 | -€80,913 | -27.9% |
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 15 October 2026 via checked.be.