O Bar: 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.
O Bar
Largest movements
- Cash -€36,158
down €36,158 (-32.3%), from €111,942 to €75,784
mainly Net result for the year (-€57,813) and Current portion of long-term debt (-€10,614)
- Intangible fixed assets -€24,000
down €24,000 (-77.0%), from €31,150 to €7,150
- Tangible fixed assets -€6,362
down €6,362 (-9.8%), from €64,947 to €58,585
of which Other tangible fixed assets: -€5,203
- Profit (loss) carried forward -€57,813
down €57,813 (-41.8%), from €138,368 to €80,555
- Tax, wage and social debts +€13,207
up €13,207 (+64.4%), from €20,504 to €33,711
of which Remuneration and social security: +€6,997
- Current portion of long-term debt -€10,614
no longer reported in 2025 (was €10,614)
- Debts after one year -€10,000
down €10,000 (-37.7%), from €26,539 to €16,539
of which Other amounts payable: -€26,539
- Trade debts +€4,022
up €4,022 (+10.9%), from €36,883 to €40,905
- Gross operating margin -€74,372
down €74,372 (-25.4%), from €292,629 to €218,257
- Taxes +€25,937
up €25,937, from -€1,131 to €24,806
- Staff costs +€12,358
up €12,358 (+6.6%), from €188,271 to €200,629
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 | €247,335 | €183,810 | -€63,526 | -25.7% |
| Fixed assets | 21/28 | €96,097 | €65,735 | -€30,362 | -31.6% |
| Intangible fixed assets | 21 | €31,150 | €7,150 | -€24,000 | -77.0% |
| Tangible fixed assets | 22/27 | €64,947 | €58,585 | -€6,362 | -9.8% |
| Plant, machinery and equipment | 23 | €12,059 | €7,723 | -€4,336 | -36.0% |
| Furniture and vehicles | 24 | €4,119 | €7,296 | +€3,177 | +77.1% |
| Other tangible fixed assets | 26 | €48,769 | €43,566 | -€5,203 | -10.7% |
| Current assets | 29/58 | €151,239 | €118,075 | -€33,164 | -21.9% |
| Stocks and contracts in progress | 3 | €13,241 | €14,477 | +€1,236 | +9.3% |
| Stocks | 30/36 | €13,241 | €14,477 | +€1,236 | +9.3% |
| Amounts receivable within one year | 40/41 | €15,062 | €16,821 | +€1,758 | +11.7% |
| Trade receivables | 40 | €412 | €2,146 | +€1,733 | +420.2% |
| Other amounts receivable | 41 | €14,650 | €14,675 | +€25 | +0.2% |
| Current investments | 50/53 | €10,994 | €10,994 | +€0 | 0.0% |
| Cash at bank and in hand | 54/58 | €111,942 | €75,784 | -€36,158 | -32.3% |
| Total equity and liabilities | 10/49 | €247,335 | €183,810 | -€63,526 | -25.7% |
| Equity | 10/15 | €145,368 | €87,555 | -€57,813 | -39.8% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €138,368 | €80,555 | -€57,813 | -41.8% |
| Amounts payable | 17/49 | €101,968 | €96,255 | -€5,713 | -5.6% |
| Amounts payable after more than one year | 17 | €26,539 | €16,539 | -€10,000 | -37.7% |
| Financial debts | 170/4 | - | €16,539 | +€16,539 | |
| Other amounts payable | 178/9 | €26,539 | - | -€26,539 | |
| Amounts payable within one year | 42/48 | €75,429 | €79,581 | +€4,152 | +5.5% |
| Current portion of amounts payable after more than one year | 42 | €10,614 | - | -€10,614 | |
| Financial debts | 43 | €5,049 | €2,586 | -€2,463 | -48.8% |
| Credit institutions | 430/8 | €5,049 | €2,586 | -€2,463 | -48.8% |
| Trade debts | 44 | €36,883 | €40,905 | +€4,022 | +10.9% |
| Suppliers | 440/4 | €36,883 | €40,905 | +€4,022 | +10.9% |
| Taxes, remuneration and social security | 45 | €20,504 | €33,711 | +€13,207 | +64.4% |
| Taxes | 450/3 | €5,442 | €11,652 | +€6,210 | +114.1% |
| Remuneration and social security | 454/9 | €15,062 | €22,059 | +€6,997 | +46.5% |
| Other amounts payable | 47/48 | €2,379 | €2,379 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €135 | +€135 | |
| Remuneration, social security and pensions | 62 | €188,271 | €200,629 | +€12,358 | +6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,311 | €39,056 | +€2,745 | +7.6% |
| Other operating charges | 640/8 | €1,381 | €1,472 | +€91 | +6.6% |
| Gross operating margin | 9900 | €292,629 | €218,257 | -€74,372 | -25.4% |
| Operating profit (loss) | 9901 | €66,665 | -€22,901 | -€89,566 | |
| Financial income | 75/76B | €178 | €26 | -€153 | -85.5% |
| Recurring financial income | 75 | €178 | €26 | -€153 | -85.5% |
| Financial charges | 65/66B | €7,282 | €10,132 | +€2,850 | +39.1% |
| Recurring financial charges | 65 | €7,282 | €10,132 | +€2,850 | +39.1% |
| Profit (loss) for the period before taxes | 9903 | €59,562 | -€33,007 | -€92,568 | |
| Income taxes | 67/77 | -€1,131 | €24,806 | +€25,937 | |
| Profit (loss) for the period | 9904 | €60,693 | -€57,813 | -€118,505 | |
| Profit (loss) for the period to be appropriated | 9905 | €60,693 | -€57,813 | -€118,505 |
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 6 October 2026 via checked.be.