F. OVERATH: 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.
F. OVERATH
Largest movements
- Receivables within one year +€18,677
up €18,677 (+147.9%), from €12,625 to €31,302
of which Trade receivables: +€25,622
- Tangible fixed assets -€16,639
down €16,639 (-6.0%), from €275,401 to €258,763
of which Land and buildings: -€14,647
- Stocks and contracts -€15,645
down €15,645 (-50.2%), from €31,161 to €15,517
- Cash +€6,969
up €6,969 (+19.6%), from €35,475 to €42,444
mainly Provisions (+€20,774) and Depreciation (+€20,252)
- Profit (loss) carried forward -€26,764
down €26,764 (-28.6%), from €93,702 to €66,938
- Provisions +€20,774
up €20,774 (+105.7%), from €19,658 to €40,432
- Other debts +€17,555
up €17,555 (+60.6%), from €28,981 to €46,536
- Debts after one year -€11,789
down €11,789 (-6.0%), from €195,887 to €184,098
- Provisions +€36,241
up €36,241, from -€15,467 to €20,774
- Financial charges -€9,772
down €9,772 (-28.9%), from €33,864 to €24,092
- Gross operating margin -€3,945
down €3,945 (-9.5%), from €41,541 to €37,596
- Financial income +€3,344
up €3,344 (+422.2%), from €792 to €4,136
- Taxes +€976
new in 2025: €976
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 | €393,488 | €387,314 | -€6,173 | -1.6% |
| Fixed assets | 21/28 | €275,901 | €259,263 | -€16,639 | -6.0% |
| Tangible fixed assets | 22/27 | €275,401 | €258,763 | -€16,639 | -6.0% |
| Land and buildings | 22 | €268,573 | €253,926 | -€14,647 | -5.5% |
| Plant, machinery and equipment | 23 | €2,525 | €1,144 | -€1,381 | -54.7% |
| Furniture and vehicles | 24 | €4,304 | €3,694 | -€610 | -14.2% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €117,586 | €128,051 | +€10,465 | +8.9% |
| Stocks and contracts in progress | 3 | €31,161 | €15,517 | -€15,645 | -50.2% |
| Stocks | 30/36 | €31,161 | €15,517 | -€15,645 | -50.2% |
| Amounts receivable within one year | 40/41 | €12,625 | €31,302 | +€18,677 | +147.9% |
| Trade receivables | 40 | €5,681 | €31,302 | +€25,622 | +451.0% |
| Other amounts receivable | 41 | €6,945 | - | -€6,945 | |
| Current investments | 50/53 | €38,000 | €38,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €35,475 | €42,444 | +€6,969 | +19.6% |
| Deferred charges and accrued income | 490/1 | €324 | €788 | +€464 | +142.9% |
| Total equity and liabilities | 10/49 | €393,488 | €387,314 | -€6,173 | -1.6% |
| Equity | 10/15 | €128,716 | €101,952 | -€26,764 | -20.8% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €5,015 | €5,015 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,015 | €5,015 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,015 | €5,015 | = | 0.0% |
| Profit (loss) carried forward | 14 | €93,702 | €66,938 | -€26,764 | -28.6% |
| Provisions and deferred taxes | 16 | €19,658 | €40,432 | +€20,774 | +105.7% |
| Provisions for liabilities and charges | 160/5 | €19,658 | €40,432 | +€20,774 | +105.7% |
| Other liabilities and charges | 164/5 | €19,658 | €40,432 | +€20,774 | +105.7% |
| Amounts payable | 17/49 | €245,113 | €244,930 | -€183 | -0.1% |
| Amounts payable after more than one year | 17 | €195,887 | €184,098 | -€11,789 | -6.0% |
| Financial debts | 170/4 | €195,887 | €184,098 | -€11,789 | -6.0% |
| Amounts payable within one year | 42/48 | €49,226 | €60,832 | +€11,606 | +23.6% |
| Current portion of amounts payable after more than one year | 42 | €11,650 | €11,789 | +€139 | +1.2% |
| Trade debts | 44 | €901 | €662 | -€239 | -26.5% |
| Suppliers | 440/4 | €901 | €662 | -€239 | -26.5% |
| Advances received on contracts in progress | 46 | €3,620 | - | -€3,620 | |
| Taxes, remuneration and social security | 45 | €4,073 | €1,844 | -€2,229 | -54.7% |
| Taxes | 450/3 | €1,873 | €1,844 | -€29 | -1.5% |
| Remuneration and social security | 454/9 | €2,200 | - | -€2,200 | |
| Other amounts payable | 47/48 | €28,981 | €46,536 | +€17,555 | +60.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,700 | €20,252 | +€552 | +2.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€15,467 | €20,774 | +€36,241 | |
| Other operating charges | 640/8 | €2,333 | €2,402 | +€70 | +3.0% |
| Gross operating margin | 9900 | €41,541 | €37,596 | -€3,945 | -9.5% |
| Operating profit (loss) | 9901 | €34,975 | -€5,832 | -€40,807 | |
| Financial income | 75/76B | €792 | €4,136 | +€3,344 | +422.2% |
| Recurring financial income | 75 | €792 | €4,136 | +€3,344 | +422.2% |
| Financial charges | 65/66B | €33,864 | €24,092 | -€9,772 | -28.9% |
| Recurring financial charges | 65 | €33,864 | €24,092 | -€9,772 | -28.9% |
| Profit (loss) for the period before taxes | 9903 | €1,903 | -€25,788 | -€27,691 | |
| Income taxes | 67/77 | - | €976 | +€976 | |
| Profit (loss) for the period | 9904 | €1,903 | -€26,764 | -€28,667 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,903 | -€26,764 | -€28,667 |
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 11 October 2026 via checked.be.