O.A.D.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.
O.A.D.S.
Largest movements
- Receivables within one year +€500,382
up €500,382 (+35.5%), from €1.4m to €1.9m
of which Other amounts receivable: +€364,200
- Tangible fixed assets -€24,892
down €24,892 (-36.3%), from €68,666 to €43,774
of which Furniture and vehicles: -€20,635
- Deferred charges and accrued income -€23,713
down €23,713 (-76.2%), from €31,119 to €7,406
- Reserves +€824,182
up €824,182 (+6,719%), from €12,266 to €836,447
of which Distributable reserves: +€824,087
- Profit (loss) carried forward -€356,984
down €356,984 (-97.7%), from €365,505 to €8,520
- Other debts -€174,398
down €174,398 (-59.2%), from €294,398 to €120,000
- Contributions +€84,000
up €84,000 (+339%), from €24,789 to €108,789
- Tax, wage and social debts +€49,392
up €49,392 (+71.4%), from €69,156 to €118,548
of which Taxes: +€41,832
- Gross operating margin +€118,927
up €118,927 (+17.4%), from €682,846 to €801,773
- Staff costs -€102,345
down €102,345 (-18.5%), from €552,766 to €450,421
- Write-downs -€78,754
down €78,754, from €46,344 to -€32,410
- Taxes +€31,692
up €31,692, from -€15,076 to €16,616
- Financial charges +€22,842
up €22,842 (+220%), from €10,389 to €33,232
of which Financial charges: +€22,842
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 | €1,760,686 | €2,193,628 | +€432,942 | +24.6% |
| Fixed assets | 21/28 | €76,944 | €50,218 | -€26,726 | -34.7% |
| Intangible fixed assets | 21 | €8,277 | €6,444 | -€1,833 | -22.1% |
| Tangible fixed assets | 22/27 | €68,666 | €43,774 | -€24,892 | -36.3% |
| Land and buildings | 22 | €3,472 | €2,270 | -€1,202 | -34.6% |
| Plant, machinery and equipment | 23 | €6,064 | €3,929 | -€2,135 | -35.2% |
| Furniture and vehicles | 24 | €55,679 | €35,044 | -€20,635 | -37.1% |
| Other tangible fixed assets | 26 | €3,452 | €2,531 | -€921 | -26.7% |
| Current assets | 29/58 | €1,683,743 | €2,143,410 | +€459,667 | +27.3% |
| Stocks and contracts in progress | 3 | €241,998 | €224,996 | -€17,001 | -7.0% |
| Stocks | 30/36 | €241,998 | €224,996 | -€17,001 | -7.0% |
| Amounts receivable within one year | 40/41 | €1,410,625 | €1,911,007 | +€500,382 | +35.5% |
| Trade receivables | 40 | €697,329 | €833,511 | +€136,182 | +19.5% |
| Other amounts receivable | 41 | €713,296 | €1,077,496 | +€364,200 | +51.1% |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Deferred charges and accrued income | 490/1 | €31,119 | €7,406 | -€23,713 | -76.2% |
| Total equity and liabilities | 10/49 | €1,760,686 | €2,193,628 | +€432,942 | +24.6% |
| Equity | 10/15 | €402,560 | €953,757 | +€551,197 | +137% |
| Contributions | 10/11 | €24,789 | €108,789 | +€84,000 | +339% |
| Reserves | 13 | €12,266 | €836,447 | +€824,182 | +6,719% |
| Non-distributable reserves | 130/1 | - | €95 | +€95 | |
| Reserves not available under the articles | 1311 | - | €95 | +€95 | |
| Tax-exempt reserves | 132 | €8,547 | €8,547 | = | 0.0% |
| Distributable reserves | 133 | €3,718 | €827,805 | +€824,087 | +22,162% |
| Profit (loss) carried forward | 14 | €365,505 | €8,520 | -€356,984 | -97.7% |
| Amounts payable | 17/49 | €1,358,127 | €1,239,871 | -€118,255 | -8.7% |
| Amounts payable after more than one year | 17 | €17,048 | €39,370 | +€22,322 | +131% |
| Financial debts | 170/4 | €17,048 | €39,370 | +€22,322 | +131% |
| Amounts payable within one year | 42/48 | €1,217,749 | €1,040,193 | -€177,556 | -14.6% |
| Current portion of amounts payable after more than one year | 42 | €13,353 | €0 | -€13,353 | -100% |
| Financial debts | 43 | €38,195 | €38,732 | +€538 | +1.4% |
| Credit institutions | 430/8 | €38,195 | €38,732 | +€538 | +1.4% |
| Trade debts | 44 | €802,649 | €762,913 | -€39,736 | -5.0% |
| Suppliers | 440/4 | €802,649 | €762,913 | -€39,736 | -5.0% |
| Taxes, remuneration and social security | 45 | €69,156 | €118,548 | +€49,392 | +71.4% |
| Taxes | 450/3 | €14,591 | €56,424 | +€41,832 | +287% |
| Remuneration and social security | 454/9 | €54,564 | €62,124 | +€7,560 | +13.9% |
| Other amounts payable | 47/48 | €294,398 | €120,000 | -€174,398 | -59.2% |
| Accrued charges and deferred income | 492/3 | €123,330 | €160,308 | +€36,979 | +30.0% |
| Remuneration, social security and pensions | 62 | €552,766 | €450,421 | -€102,345 | -18.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,848 | €53,877 | +€12,029 | +28.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €46,344 | -€32,410 | -€78,754 | |
| Other operating charges | 640/8 | €4,658 | €9,299 | +€4,641 | +99.6% |
| Non-recurring operating charges | 66A | €52,477 | €109,268 | +€56,791 | +108% |
| Gross operating margin | 9900 | €682,846 | €801,773 | +€118,927 | +17.4% |
| Operating profit (loss) | 9901 | -€15,248 | €211,318 | +€226,566 | |
| Financial income | 75/76B | €3,867 | €18,870 | +€15,003 | +388% |
| Recurring financial income | 75 | €3,867 | €18,870 | +€15,003 | +388% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €10,389 | €33,232 | +€22,842 | +220% |
| Recurring financial charges | 65 | €10,389 | €33,232 | +€22,842 | +220% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€21,770 | €196,956 | +€218,726 | |
| Income taxes | 67/77 | -€15,076 | €16,616 | +€31,692 | |
| Profit (loss) for the period | 9904 | -€6,694 | €180,340 | +€187,035 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,694 | €180,340 | +€187,035 |
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 18 October 2026 via checked.be.