GROUP O&S: 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.
GROUP O&S
Largest movements
- Receivables within one year +€80,361
up €80,361 (+3,072%), from €2,616 to €82,977
of which Trade receivables: +€81,141
- Stocks and contracts +€55,939
up €55,939 (+2,302%), from €2,430 to €58,369
- Tangible fixed assets -€15,342
down €15,342 (-28.7%), from €53,424 to €38,082
- Cash +€11,724
up €11,724 (+96.2%), from €12,188 to €23,912
mainly Trade debts (+€102,774) and Net result for the year (+€20,195)
- Trade debts +€102,774
up €102,774 (+527%), from €19,519 to €122,293
- Profit (loss) carried forward +€20,195
up €20,195, from -€19,674 to €521
- Other debts +€7,541
up €7,541 (+11.6%), from €65,254 to €72,795
- Tax, wage and social debts +€2,172
up €2,172 (+388%), from €560 to €2,732
- Gross operating margin +€28,184
up €28,184 (+209%), from €13,504 to €41,688
- Staff costs +€4,739
new in 2025: €4,739
- Other operating charges +€515
up €515 (+69.2%), from €744 to €1,258
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 | €70,659 | €203,341 | +€132,682 | +188% |
| Fixed assets | 21/28 | €53,424 | €38,082 | -€15,342 | -28.7% |
| Tangible fixed assets | 22/27 | €53,424 | €38,082 | -€15,342 | -28.7% |
| Furniture and vehicles | 24 | €53,424 | €38,082 | -€15,342 | -28.7% |
| Current assets | 29/58 | €17,235 | €165,259 | +€148,024 | +859% |
| Stocks and contracts in progress | 3 | €2,430 | €58,369 | +€55,939 | +2,302% |
| Stocks | 30/36 | €2,430 | €58,369 | +€55,939 | +2,302% |
| Amounts receivable within one year | 40/41 | €2,616 | €82,977 | +€80,361 | +3,072% |
| Trade receivables | 40 | €1,782 | €82,923 | +€81,141 | +4,552% |
| Other amounts receivable | 41 | €834 | €54 | -€780 | -93.6% |
| Cash at bank and in hand | 54/58 | €12,188 | €23,912 | +€11,724 | +96.2% |
| Total equity and liabilities | 10/49 | €70,659 | €203,341 | +€132,682 | +188% |
| Equity | 10/15 | -€14,674 | €5,521 | +€20,195 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | - | €5,000 | +€5,000 | |
| Issued capital | 100 | - | €5,000 | +€5,000 | |
| Profit (loss) carried forward | 14 | -€19,674 | €521 | +€20,195 | |
| Amounts payable | 17/49 | €85,333 | €197,820 | +€112,487 | +132% |
| Amounts payable within one year | 42/48 | €85,333 | €197,820 | +€112,487 | +132% |
| Trade debts | 44 | €19,519 | €122,293 | +€102,774 | +527% |
| Suppliers | 440/4 | €19,519 | €122,293 | +€102,774 | +527% |
| Taxes, remuneration and social security | 45 | €560 | €2,732 | +€2,172 | +388% |
| Taxes | 450/3 | €560 | €2,732 | +€2,172 | +388% |
| Other amounts payable | 47/48 | €65,254 | €72,795 | +€7,541 | +11.6% |
| Remuneration, social security and pensions | 62 | - | €4,739 | +€4,739 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,342 | €15,342 | = | 0.0% |
| Other operating charges | 640/8 | €744 | €1,258 | +€515 | +69.2% |
| Gross operating margin | 9900 | €13,504 | €41,688 | +€28,184 | +209% |
| Operating profit (loss) | 9901 | -€2,582 | €20,348 | +€22,931 | |
| Financial income | 75/76B | €10 | €0 | -€10 | -99.7% |
| Recurring financial income | 75 | €10 | €0 | -€10 | -99.7% |
| Financial charges | 65/66B | €186 | €153 | -€32 | -17.3% |
| Recurring financial charges | 65 | €186 | €153 | -€32 | -17.3% |
| Profit (loss) for the period before taxes | 9903 | -€2,757 | €20,195 | +€22,952 | |
| Profit (loss) for the period | 9904 | -€2,757 | €20,195 | +€22,952 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,757 | €20,195 | +€22,952 |
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 19 October 2026 via checked.be.