Dr. K. Ongenae: 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.
Dr. K. Ongenae
Largest movements
- Cash -€395,374
down €395,374 (-67.7%), from €584,358 to €188,984
mainly Contributions, distributions and other (-€580,347) and Other debts (-€105,000)
- Tangible fixed assets -€62,796
down €62,796 (-8.2%), from €766,080 to €703,284
- Reserves -€262,597
down €262,597 (-45.2%), from €580,347 to €317,750
- Other debts -€105,000
down €105,000 (-97.7%), from €107,473 to €2,473
- Debts after one year -€42,337
down €42,337 (-7.8%), from €543,852 to €501,515
- Tax, wage and social debts -€38,556
down €38,556 (-72.0%), from €53,534 to €14,978
- Gross operating margin +€55,544
up €55,544 (+12.7%), from €436,641 to €492,185
- Taxes +€16,398
up €16,398 (+19.6%), from €83,811 to €100,209
- Depreciation -€8,847
down €8,847 (-11.8%), from €74,792 to €65,945
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 | €1,352,493 | €905,226 | -€447,267 | -33.1% |
| Fixed assets | 21/28 | €766,080 | €703,284 | -€62,796 | -8.2% |
| Tangible fixed assets | 22/27 | €766,080 | €703,284 | -€62,796 | -8.2% |
| Land and buildings | 22 | €534,100 | €511,614 | -€22,487 | -4.2% |
| Plant, machinery and equipment | 23 | €170,273 | €145,058 | -€25,215 | -14.8% |
| Furniture and vehicles | 24 | €61,707 | €46,612 | -€15,095 | -24.5% |
| Current assets | 29/58 | €586,413 | €201,942 | -€384,470 | -65.6% |
| Cash at bank and in hand | 54/58 | €584,358 | €188,984 | -€395,374 | -67.7% |
| Deferred charges and accrued income | 490/1 | €2,055 | €12,958 | +€10,903 | +531% |
| Total equity and liabilities | 10/49 | €1,352,493 | €905,226 | -€447,267 | -33.1% |
| Equity | 10/15 | €600,347 | €337,750 | -€262,597 | -43.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €580,347 | €317,750 | -€262,597 | -45.2% |
| Distributable reserves | 133 | €580,347 | €317,750 | -€262,597 | -45.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €752,146 | €567,476 | -€184,670 | -24.6% |
| Amounts payable after more than one year | 17 | €543,852 | €501,515 | -€42,337 | -7.8% |
| Financial debts | 170/4 | €543,852 | €501,515 | -€42,337 | -7.8% |
| Amounts payable within one year | 42/48 | €208,294 | €65,961 | -€142,333 | -68.3% |
| Current portion of amounts payable after more than one year | 42 | €41,924 | €42,337 | +€413 | +1.0% |
| Trade debts | 44 | €5,364 | €6,174 | +€810 | +15.1% |
| Suppliers | 440/4 | €5,364 | €6,174 | +€810 | +15.1% |
| Taxes, remuneration and social security | 45 | €53,534 | €14,978 | -€38,556 | -72.0% |
| Taxes | 450/3 | €53,534 | €14,978 | -€38,556 | -72.0% |
| Other amounts payable | 47/48 | €107,473 | €2,473 | -€105,000 | -97.7% |
| Non-recurring operating income | 76A | €4,500 | €0 | -€4,500 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,792 | €65,945 | -€8,847 | -11.8% |
| Other operating charges | 640/8 | €1,805 | €1,883 | +€78 | +4.3% |
| Non-recurring operating charges | 66A | - | €257 | +€257 | |
| Gross operating margin | 9900 | €436,641 | €492,185 | +€55,544 | +12.7% |
| Operating profit (loss) | 9901 | €360,044 | €424,100 | +€64,056 | +17.8% |
| Financial income | 75/76B | €7 | €1 | -€6 | -81.5% |
| Recurring financial income | 75 | €7 | €1 | -€6 | -81.5% |
| Financial charges | 65/66B | €6,545 | €6,142 | -€403 | -6.2% |
| Recurring financial charges | 65 | €6,545 | €6,142 | -€403 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | €353,506 | €417,959 | +€64,453 | +18.2% |
| Income taxes | 67/77 | €83,811 | €100,209 | +€16,398 | +19.6% |
| Profit (loss) for the period | 9904 | €269,695 | €317,750 | +€48,055 | +17.8% |
| Profit (loss) for the period to be appropriated | 9905 | €269,695 | €317,750 | +€48,055 | +17.8% |
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 31 October 2026 via checked.be.