LUC OOSTERBOSCH: 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.
LUC OOSTERBOSCH
Largest movements
- Current investments +€125,841
up €125,841 (+60.2%), from €208,865 to €334,706
- Cash +€113,236
up €113,236 (+61.6%), from €183,837 to €297,073
mainly Net result for the year (+€139,237) and Depreciation (+€104,100)
- Tangible fixed assets -€47,723
down €47,723 (-12.6%), from €379,077 to €331,354
of which Furniture and vehicles: -€71,755
- Receivables within one year -€21,941
down €21,941 (-29.6%), from €74,248 to €52,307
of which Other amounts receivable: -€23,609
- Reserves +€139,237
up €139,237 (+16.9%), from €824,701 to €963,938
of which Distributable reserves: +€139,237
- Gross operating margin +€30,746
up €30,746 (+9.0%), from €340,882 to €371,627
- Financial charges +€12,837
up €12,837, from -€8,267 to €4,570
- Financial income -€11,693
down €11,693 (-70.7%), from €16,543 to €4,849
- Taxes +€4,406
up €4,406 (+8.0%), from €55,228 to €59,634
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 | €947,053 | €1,110,396 | +€163,343 | +17.2% |
| Fixed assets | 21/28 | €381,695 | €332,794 | -€48,901 | -12.8% |
| Intangible fixed assets | 21 | €2,618 | €1,440 | -€1,178 | -45.0% |
| Tangible fixed assets | 22/27 | €379,077 | €331,354 | -€47,723 | -12.6% |
| Land and buildings | 22 | €49,204 | €41,082 | -€8,122 | -16.5% |
| Plant, machinery and equipment | 23 | €139 | €0 | -€139 | -100% |
| Furniture and vehicles | 24 | €280,018 | €208,262 | -€71,755 | -25.6% |
| Other tangible fixed assets | 26 | €49,717 | €82,009 | +€32,293 | +65.0% |
| Current assets | 29/58 | €565,357 | €777,602 | +€212,244 | +37.5% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €74,248 | €52,307 | -€21,941 | -29.6% |
| Trade receivables | 40 | €32,434 | €34,102 | +€1,668 | +5.1% |
| Other amounts receivable | 41 | €41,814 | €18,205 | -€23,609 | -56.5% |
| Current investments | 50/53 | €208,865 | €334,706 | +€125,841 | +60.2% |
| Cash at bank and in hand | 54/58 | €183,837 | €297,073 | +€113,236 | +61.6% |
| Deferred charges and accrued income | 490/1 | €98,408 | €93,516 | -€4,892 | -5.0% |
| Total equity and liabilities | 10/49 | €947,053 | €1,110,396 | +€163,343 | +17.2% |
| Equity | 10/15 | €856,591 | €994,995 | +€138,404 | +16.2% |
| Contributions | 10/11 | €12,397 | €12,397 | = | 0.0% |
| Reserves | 13 | €824,701 | €963,938 | +€139,237 | +16.9% |
| Non-distributable reserves | 130/1 | €3,141 | €3,141 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,141 | €3,141 | = | 0.0% |
| Distributable reserves | 133 | €821,560 | €960,797 | +€139,237 | +16.9% |
| Profit (loss) carried forward | 14 | €19,493 | €18,660 | -€833 | -4.3% |
| Amounts payable | 17/49 | €90,462 | €115,401 | +€24,939 | +27.6% |
| Amounts payable within one year | 42/48 | €85,534 | €108,274 | +€22,740 | +26.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €2,619 | €4,472 | +€1,854 | +70.8% |
| Suppliers | 440/4 | €2,619 | €4,472 | +€1,854 | +70.8% |
| Taxes, remuneration and social security | 45 | €22,662 | €33,091 | +€10,429 | +46.0% |
| Taxes | 450/3 | €15,458 | €25,823 | +€10,365 | +67.0% |
| Remuneration and social security | 454/9 | €7,204 | €7,269 | +€65 | +0.9% |
| Other amounts payable | 47/48 | €60,253 | €70,710 | +€10,457 | +17.4% |
| Accrued charges and deferred income | 492/3 | €4,928 | €7,127 | +€2,199 | +44.6% |
| Non-recurring operating income | 76A | €10,374 | €0 | -€10,374 | -100% |
| Remuneration, social security and pensions | 62 | €60,977 | €63,993 | +€3,016 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €104,254 | €104,100 | -€154 | -0.1% |
| Other operating charges | 640/8 | €6,462 | €4,943 | -€1,519 | -23.5% |
| Gross operating margin | 9900 | €340,882 | €371,627 | +€30,746 | +9.0% |
| Operating profit (loss) | 9901 | €169,190 | €198,592 | +€29,402 | +17.4% |
| Financial income | 75/76B | €16,543 | €4,849 | -€11,693 | -70.7% |
| Recurring financial income | 75 | €16,543 | €4,849 | -€11,693 | -70.7% |
| Financial charges | 65/66B | -€8,267 | €4,570 | +€12,837 | |
| Recurring financial charges | 65 | -€8,267 | €4,570 | +€12,837 | |
| Profit (loss) for the period before taxes | 9903 | €193,999 | €198,871 | +€4,872 | +2.5% |
| Income taxes | 67/77 | €55,228 | €59,634 | +€4,406 | +8.0% |
| Profit (loss) for the period | 9904 | €138,772 | €139,237 | +€465 | +0.3% |
| Profit (loss) for the period to be appropriated | 9905 | €138,772 | €139,237 | +€465 | +0.3% |
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 23 October 2026 via checked.be.