derTien Ogen: what changed
Two fiscal 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.
derTien Ogen
Largest movements
- Cash +€325,534
up €325,534 (+332.6%), from €97,867 to €423,401
mainly Receivables within one year (+€311,703) and Net result for the year (+€268,891)
- Receivables within one year -€311,703
down €311,703 (-39.9%), from €780,651 to €468,949
of which Other amounts receivable: -€411,703
- Current investments +€100,457
up €100,457 (+199.8%), from €50,282 to €150,739
- Other debts +€213,240
up €213,240 (+207.2%), from €102,932 to €316,172
- Debts after one year -€129,959
down €129,959 (-40.9%), from €317,863 to €187,904
- Reserves +€43,891
up €43,891 (+2.6%), from €1.7m to €1.7m
- Financial income +€60,039
up €60,039 (+9777.7%), from €614 to €60,653
- Gross operating margin -€44,625
down €44,625 (-11.2%), from €399,921 to €355,296
- Taxes +€9,574
up €9,574 (+8.1%), from €118,156 to €127,730
- Financial charges -€4,390
down €4,390 (-23.2%), from €18,900 to €14,510
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 | €2,709,252 | €2,844,083 | +€134,830 | +5.0% |
| Fixed assets | 21/28 | €1,778,554 | €1,800,190 | +€21,636 | +1.2% |
| Tangible fixed assets | 22/27 | - | €21,636 | +€21,636 | |
| Plant, machinery and equipment | 23 | - | €10,243 | +€10,243 | |
| Furniture and vehicles | 24 | - | €11,393 | +€11,393 | |
| Financial fixed assets | 28 | €1,778,554 | €1,778,554 | = | 0.0% |
| Current assets | 29/58 | €930,699 | €1,043,893 | +€113,194 | +12.2% |
| Amounts receivable within one year | 40/41 | €780,651 | €468,949 | -€311,703 | -39.9% |
| Trade receivables | 40 | €24,200 | €124,200 | +€100,000 | +413.2% |
| Other amounts receivable | 41 | €756,451 | €344,749 | -€411,703 | -54.4% |
| Current investments | 50/53 | €50,282 | €150,739 | +€100,457 | +199.8% |
| Cash at bank and in hand | 54/58 | €97,867 | €423,401 | +€325,534 | +332.6% |
| Deferred charges and accrued income | 490/1 | €1,898 | €804 | -€1,094 | -57.6% |
| Total equity and liabilities | 10/49 | €2,709,252 | €2,844,083 | +€134,830 | +5.0% |
| Equity | 10/15 | €2,109,632 | €2,153,523 | +€43,891 | +2.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,684,693 | €1,728,584 | +€43,891 | +2.6% |
| Distributable reserves | 133 | €1,684,693 | €1,728,584 | +€43,891 | +2.6% |
| Profit (loss) carried forward | 14 | €406,339 | €406,339 | = | 0.0% |
| Amounts payable | 17/49 | €599,620 | €690,559 | +€90,939 | +15.2% |
| Amounts payable after more than one year | 17 | €317,863 | €187,904 | -€129,959 | -40.9% |
| Financial debts | 170/4 | €317,863 | €187,904 | -€129,959 | -40.9% |
| Amounts payable within one year | 42/48 | €281,757 | €502,655 | +€220,898 | +78.4% |
| Current portion of amounts payable after more than one year | 42 | €125,324 | €129,959 | +€4,634 | +3.7% |
| Trade debts | 44 | €944 | €96 | -€848 | -89.8% |
| Suppliers | 440/4 | €944 | €96 | -€848 | -89.8% |
| Taxes, remuneration and social security | 45 | €52,557 | €56,429 | +€3,871 | +7.4% |
| Taxes | 450/3 | €52,557 | €56,429 | +€3,871 | +7.4% |
| Other amounts payable | 47/48 | €102,932 | €316,172 | +€213,240 | +207.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,084 | +€3,084 | |
| Other operating charges | 640/8 | €1,629 | €1,733 | +€104 | +6.4% |
| Gross operating margin | 9900 | €399,921 | €355,296 | -€44,625 | -11.2% |
| Operating profit (loss) | 9901 | €398,292 | €350,478 | -€47,813 | -12.0% |
| Financial income | 75/76B | €614 | €60,653 | +€60,039 | +9777.7% |
| Recurring financial income | 75 | €614 | €60,653 | +€60,039 | +9777.7% |
| Financial charges | 65/66B | €18,900 | €14,510 | -€4,390 | -23.2% |
| Recurring financial charges | 65 | €18,900 | €14,510 | -€4,390 | -23.2% |
| Profit (loss) for the period before taxes | 9903 | €380,006 | €396,621 | +€16,615 | +4.4% |
| Income taxes | 67/77 | €118,156 | €127,730 | +€9,574 | +8.1% |
| Profit (loss) for the period | 9904 | €261,850 | €268,891 | +€7,041 | +2.7% |
| Profit (loss) for the period to be appropriated | 9905 | €261,850 | €268,891 | +€7,041 | +2.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.