O.A.C.: 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.
O.A.C.
Largest movements
- Cash +€130,352
up €130,352 (+93.9%), from €138,804 to €269,156
mainly Receivables within one year (+€109,092) and Depreciation (+€103,904)
- Receivables within one year -€109,092
down €109,092 (-49.0%), from €222,698 to €113,606
- Tangible fixed assets -€88,878
down €88,878 (-18.3%), from €485,734 to €396,856
- Stocks and contracts -€14,143
down €14,143 (-4.9%), from €289,422 to €275,279
- Reserves -€72,075
down €72,075 (-9.8%), from €736,649 to €664,575
of which Distributable reserves: -€72,075
- Debts after one year -€25,151
down €25,151 (-7.7%), from €326,522 to €301,370
- Tax, wage and social debts +€11,752
up €11,752 (+30.0%), from €39,111 to €50,863
of which Taxes: +€7,985
- Gross operating margin -€84,061
down €84,061 (-28.4%), from €295,654 to €211,592
- Staff costs +€8,321
up €8,321 (+5.5%), from €151,654 to €159,975
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 | €1,167,399 | €1,082,081 | -€85,318 | -7.3% |
| Fixed assets | 21/28 | €485,734 | €396,856 | -€88,878 | -18.3% |
| Tangible fixed assets | 22/27 | €485,734 | €396,856 | -€88,878 | -18.3% |
| Land and buildings | 22 | €283,117 | €262,247 | -€20,870 | -7.4% |
| Plant, machinery and equipment | 23 | €159,264 | €120,713 | -€38,551 | -24.2% |
| Furniture and vehicles | 24 | €29,456 | €8,685 | -€20,771 | -70.5% |
| Other tangible fixed assets | 26 | €13,898 | €5,210 | -€8,687 | -62.5% |
| Current assets | 29/58 | €681,665 | €685,225 | +€3,560 | +0.5% |
| Stocks and contracts in progress | 3 | €289,422 | €275,279 | -€14,143 | -4.9% |
| Stocks | 30/36 | €289,422 | €275,279 | -€14,143 | -4.9% |
| Amounts receivable within one year | 40/41 | €222,698 | €113,606 | -€109,092 | -49.0% |
| Trade receivables | 40 | €222,698 | €113,606 | -€109,092 | -49.0% |
| Current investments | 50/53 | €10,200 | €10,234 | +€34 | +0.3% |
| Cash at bank and in hand | 54/58 | €138,804 | €269,156 | +€130,352 | +93.9% |
| Deferred charges and accrued income | 490/1 | €20,542 | €16,951 | -€3,591 | -17.5% |
| Total equity and liabilities | 10/49 | €1,167,399 | €1,082,081 | -€85,318 | -7.3% |
| Equity | 10/15 | €742,849 | €670,775 | -€72,075 | -9.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €736,649 | €664,575 | -€72,075 | -9.8% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,941 | €18,941 | = | 0.0% |
| Distributable reserves | 133 | €715,849 | €643,774 | -€72,075 | -10.1% |
| Amounts payable | 17/49 | €424,550 | €411,306 | -€13,243 | -3.1% |
| Amounts payable after more than one year | 17 | €326,522 | €301,370 | -€25,151 | -7.7% |
| Financial debts | 170/4 | €326,522 | €301,370 | -€25,151 | -7.7% |
| Amounts payable within one year | 42/48 | €98,028 | €109,936 | +€11,908 | +12.1% |
| Current portion of amounts payable after more than one year | 42 | €24,866 | €25,155 | +€289 | +1.2% |
| Trade debts | 44 | €30,080 | €29,331 | -€750 | -2.5% |
| Suppliers | 440/4 | €30,080 | €29,331 | -€750 | -2.5% |
| Taxes, remuneration and social security | 45 | €39,111 | €50,863 | +€11,752 | +30.0% |
| Taxes | 450/3 | €19,131 | €27,116 | +€7,985 | +41.7% |
| Remuneration and social security | 454/9 | €19,980 | €23,747 | +€3,767 | +18.9% |
| Other amounts payable | 47/48 | €3,970 | €4,587 | +€617 | +15.5% |
| Non-recurring operating income | 76A | €16,200 | - | -€16,200 | |
| Remuneration, social security and pensions | 62 | €151,654 | €159,975 | +€8,321 | +5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €102,850 | €103,904 | +€1,055 | +1.0% |
| Other operating charges | 640/8 | €4,679 | €5,704 | +€1,025 | +21.9% |
| Gross operating margin | 9900 | €295,654 | €211,592 | -€84,061 | -28.4% |
| Operating profit (loss) | 9901 | €36,471 | -€57,991 | -€94,461 | |
| Financial income | 75/76B | €938 | €1,100 | +€162 | +17.3% |
| Recurring financial income | 75 | €938 | €1,100 | +€162 | +17.3% |
| Financial charges | 65/66B | €13,938 | €13,398 | -€540 | -3.9% |
| Recurring financial charges | 65 | €13,938 | €13,398 | -€540 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | €23,470 | -€70,290 | -€93,760 | |
| Income taxes | 67/77 | €1,762 | €1,785 | +€23 | +1.3% |
| Profit (loss) for the period | 9904 | €21,709 | -€72,075 | -€93,783 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,709 | -€72,075 | -€93,783 |
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 9 October 2026 via checked.be.