HET OOR: 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.
HET OOR
Largest movements
- Tangible fixed assets +€146,149
up €146,149 (+578.0%), from €25,286 to €171,435
of which Land and buildings: +€134,634
- Cash +€100,283
up €100,283 (+37.1%), from €270,643 to €370,926
mainly Advances received (+€154,862) and Net result for the year (+€140,958)
- Current investments -€40,000
no longer reported in 2025 (was €40,000)
- Advances received +€154,862
new in 2025: €154,862
- Other debts +€27,365
up €27,365 (+24.1%), from €113,346 to €140,711
- Reserves +€25,000
up €25,000 (+13.5%), from €185,000 to €210,000
- Tax, wage and social debts +€11,695
up €11,695 (+74.1%), from €15,792 to €27,487
- Gross operating margin +€59,710
up €59,710 (+42.2%), from €141,467 to €201,176
- Taxes +€19,778
up €19,778 (+65.3%), from €30,292 to €50,070
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 | €363,978 | €573,618 | +€209,640 | +57.6% |
| Fixed assets | 21/28 | €27,911 | €173,560 | +€145,649 | +521.8% |
| Intangible fixed assets | 21 | €2,625 | €2,125 | -€500 | -19.0% |
| Tangible fixed assets | 22/27 | €25,286 | €171,435 | +€146,149 | +578.0% |
| Land and buildings | 22 | - | €134,634 | +€134,634 | |
| Plant, machinery and equipment | 23 | €6,865 | €3,378 | -€3,487 | -50.8% |
| Furniture and vehicles | 24 | €2,660 | €20,584 | +€17,924 | +673.9% |
| Other tangible fixed assets | 26 | €15,761 | €12,840 | -€2,921 | -18.5% |
| Current assets | 29/58 | €336,067 | €400,058 | +€63,991 | +19.0% |
| Amounts receivable within one year | 40/41 | €24,394 | €27,269 | +€2,875 | +11.8% |
| Trade receivables | 40 | €24,157 | €27,269 | +€3,112 | +12.9% |
| Other amounts receivable | 41 | €237 | - | -€237 | |
| Current investments | 50/53 | €40,000 | - | -€40,000 | |
| Cash at bank and in hand | 54/58 | €270,643 | €370,926 | +€100,283 | +37.1% |
| Deferred charges and accrued income | 490/1 | €1,030 | €1,863 | +€833 | +80.8% |
| Total equity and liabilities | 10/49 | €363,978 | €573,618 | +€209,640 | +57.6% |
| Equity | 10/15 | €199,954 | €220,912 | +€20,958 | +10.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €185,000 | €210,000 | +€25,000 | +13.5% |
| Distributable reserves | 133 | €185,000 | €210,000 | +€25,000 | +13.5% |
| Profit (loss) carried forward | 14 | €4,954 | €912 | -€4,042 | -81.6% |
| Amounts payable | 17/49 | €164,024 | €352,706 | +€188,682 | +115.0% |
| Amounts payable within one year | 42/48 | €157,557 | €348,191 | +€190,634 | +121.0% |
| Trade debts | 44 | €28,418 | €25,132 | -€3,287 | -11.6% |
| Suppliers | 440/4 | €28,418 | €25,132 | -€3,287 | -11.6% |
| Advances received on contracts in progress | 46 | - | €154,862 | +€154,862 | |
| Taxes, remuneration and social security | 45 | €15,792 | €27,487 | +€11,695 | +74.1% |
| Taxes | 450/3 | €15,792 | €27,487 | +€11,695 | +74.1% |
| Other amounts payable | 47/48 | €113,346 | €140,711 | +€27,365 | +24.1% |
| Accrued charges and deferred income | 492/3 | €6,467 | €4,515 | -€1,952 | -30.2% |
| Non-recurring operating income | 76A | €1,427 | - | -€1,427 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,481 | €9,602 | -€879 | -8.4% |
| Other operating charges | 640/8 | €1,329 | €1,419 | +€90 | +6.8% |
| Non-recurring operating charges | 66A | €182 | - | -€182 | |
| Gross operating margin | 9900 | €141,467 | €201,176 | +€59,710 | +42.2% |
| Operating profit (loss) | 9901 | €129,474 | €190,155 | +€60,681 | +46.9% |
| Financial income | 75/76B | €2,753 | €1,999 | -€754 | -27.4% |
| Recurring financial income | 75 | €2,753 | €1,999 | -€754 | -27.4% |
| Financial charges | 65/66B | €1,191 | €1,126 | -€65 | -5.4% |
| Recurring financial charges | 65 | €1,191 | €1,126 | -€65 | -5.4% |
| Profit (loss) for the period before taxes | 9903 | €131,037 | €191,028 | +€59,991 | +45.8% |
| Income taxes | 67/77 | €30,292 | €50,070 | +€19,778 | +65.3% |
| Profit (loss) for the period | 9904 | €100,745 | €140,958 | +€40,213 | +39.9% |
| Profit (loss) for the period to be appropriated | 9905 | €100,745 | €140,958 | +€40,213 | +39.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.