L'OCEAN: 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.
L'OCEAN
Largest movements
- Tangible fixed assets +€45,594
up €45,594 (+44.7%), from €102,037 to €147,631
of which Furniture and vehicles: +€46,699
- Stocks and contracts +€11,098
up €11,098 (+43.8%), from €25,311 to €36,409
- Receivables within one year -€10,073
down €10,073 (-6.8%), from €148,704 to €138,631
of which Trade receivables: -€15,677
- Cash +€7,264
up €7,264 (+17.6%), from €41,270 to €48,534
mainly Net result for the year (+€43,343) and Depreciation (+€42,873)
- Profit (loss) carried forward +€43,343
up €43,343, from -€16,984 to €26,359
- Tax, wage and social debts +€27,187
up €27,187 (+97.7%), from €27,838 to €55,024
of which Remuneration and social security: +€14,837
- Trade debts -€18,522
down €18,522 (-14.5%), from €127,761 to €109,239
- Short-term financial debts -€18,247
no longer reported in 2025 (was €18,247)
- Debts after one year +€10,915
up €10,915 (+15.6%), from €69,777 to €80,692
- Gross operating margin +€69,801
up €69,801 (+32.0%), from €218,245 to €288,046
- Staff costs +€45,667
up €45,667 (+35.5%), from €128,517 to €174,183
- Taxes +€15,706
new in 2025: €15,706
- Other operating charges -€11,388
down €11,388 (-54.8%), from €20,776 to €9,387
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 | €323,126 | €377,009 | +€53,883 | +16.7% |
| Fixed assets | 21/28 | €107,841 | €153,435 | +€45,594 | +42.3% |
| Tangible fixed assets | 22/27 | €102,037 | €147,631 | +€45,594 | +44.7% |
| Land and buildings | 22 | - | €4,708 | +€4,708 | |
| Plant, machinery and equipment | 23 | - | €8,055 | +€8,055 | |
| Furniture and vehicles | 24 | €58,793 | €105,491 | +€46,699 | +79.4% |
| Leasing and similar rights | 25 | €27,378 | €15,210 | -€12,168 | -44.4% |
| Other tangible fixed assets | 26 | €15,867 | €14,167 | -€1,700 | -10.7% |
| Financial fixed assets | 28 | €5,804 | €5,804 | = | 0.0% |
| Current assets | 29/58 | €215,285 | €223,574 | +€8,289 | +3.9% |
| Stocks and contracts in progress | 3 | €25,311 | €36,409 | +€11,098 | +43.8% |
| Stocks | 30/36 | €25,311 | €36,409 | +€11,098 | +43.8% |
| Amounts receivable within one year | 40/41 | €148,704 | €138,631 | -€10,073 | -6.8% |
| Trade receivables | 40 | €140,298 | €124,621 | -€15,677 | -11.2% |
| Other amounts receivable | 41 | €8,405 | €14,010 | +€5,605 | +66.7% |
| Cash at bank and in hand | 54/58 | €41,270 | €48,534 | +€7,264 | +17.6% |
| Total equity and liabilities | 10/49 | €323,126 | €377,009 | +€53,883 | +16.7% |
| Equity | 10/15 | €39,626 | €82,969 | +€43,343 | +109.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €38,018 | €38,018 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €36,159 | €36,159 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,984 | €26,359 | +€43,343 | |
| Amounts payable | 17/49 | €283,500 | €294,040 | +€10,540 | +3.7% |
| Amounts payable after more than one year | 17 | €69,777 | €80,692 | +€10,915 | +15.6% |
| Financial debts | 170/4 | €69,777 | €80,692 | +€10,915 | +15.6% |
| Amounts payable within one year | 42/48 | €213,723 | €213,348 | -€375 | -0.2% |
| Current portion of amounts payable after more than one year | 42 | €39,878 | €49,085 | +€9,208 | +23.1% |
| Financial debts | 43 | €18,247 | - | -€18,247 | |
| Credit institutions | 430/8 | €18,247 | - | -€18,247 | |
| Trade debts | 44 | €127,761 | €109,239 | -€18,522 | -14.5% |
| Suppliers | 440/4 | €127,761 | €109,239 | -€18,522 | -14.5% |
| Taxes, remuneration and social security | 45 | €27,838 | €55,024 | +€27,187 | +97.7% |
| Taxes | 450/3 | €17,625 | €29,975 | +€12,349 | +70.1% |
| Remuneration and social security | 454/9 | €10,212 | €25,050 | +€14,837 | +145.3% |
| Remuneration, social security and pensions | 62 | €128,517 | €174,183 | +€45,667 | +35.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,523 | €42,873 | +€1,351 | +3.3% |
| Other operating charges | 640/8 | €20,776 | €9,387 | -€11,388 | -54.8% |
| Gross operating margin | 9900 | €218,245 | €288,046 | +€69,801 | +32.0% |
| Operating profit (loss) | 9901 | €27,430 | €61,602 | +€34,172 | +124.6% |
| Financial income | 75/76B | €224 | €2,011 | +€1,786 | +795.9% |
| Recurring financial income | 75 | €224 | €2,011 | +€1,786 | +795.9% |
| Financial charges | 65/66B | €7,372 | €4,563 | -€2,808 | -38.1% |
| Recurring financial charges | 65 | €7,372 | €4,563 | -€2,808 | -38.1% |
| Profit (loss) for the period before taxes | 9903 | €20,283 | €59,049 | +€38,767 | +191.1% |
| Income taxes | 67/77 | - | €15,706 | +€15,706 | |
| Profit (loss) for the period | 9904 | €20,283 | €43,343 | +€23,061 | +113.7% |
| Profit (loss) for the period to be appropriated | 9905 | €20,283 | €43,343 | +€23,061 | +113.7% |
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 8 October 2026 via checked.be.