O BOCAL VERRE: 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 BOCAL VERRE
Largest movements
- Tangible fixed assets -€17,032
down €17,032 (-6.9%), from €246,207 to €229,175
of which Land and buildings: -€8,633
- Receivables within one year -€6,990
down €6,990 (-84.3%), from €8,293 to €1,303
- Cash +€4,434
up €4,434 (+981%), from €452 to €4,885
mainly Depreciation (+€21,569) and Trade debts (+€8,595)
- Stocks and contracts -€3,206
down €3,206 (-23.7%), from €13,526 to €10,320
- Profit (loss) carried forward -€12,772
down €12,772 (-23.9%), from -€53,516 to -€66,289
- Trade debts +€8,595
up €8,595 (+20.1%), from €42,709 to €51,304
- Other debts -€8,549
down €8,549 (-36.2%), from €23,625 to €15,076
- Short-term financial debts -€8,385
no longer reported in 2025 (was €8,385)
- Debts after one year -€6,436
down €6,436 (-3.1%), from €209,494 to €203,058
- Gross operating margin +€61,447
up €61,447 (+683%), from €8,991 to €70,437
- Other operating charges -€29,212
down €29,212 (-90.9%), from €32,124 to €2,912
- Staff costs +€28,926
up €28,926 (+154%), from €18,793 to €47,719
- Financial charges +€7,182
up €7,182 (+187%), from €3,837 to €11,019
- Depreciation +€6,027
up €6,027 (+38.8%), from €15,542 to €21,569
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 | €274,145 | €251,059 | -€23,086 | -8.4% |
| Fixed assets | 21/28 | €251,874 | €233,842 | -€18,032 | -7.2% |
| Intangible fixed assets | 21 | €5,667 | €4,667 | -€1,000 | -17.6% |
| Tangible fixed assets | 22/27 | €246,207 | €229,175 | -€17,032 | -6.9% |
| Land and buildings | 22 | €209,552 | €200,919 | -€8,633 | -4.1% |
| Plant, machinery and equipment | 23 | €19,814 | €13,868 | -€5,946 | -30.0% |
| Furniture and vehicles | 24 | €426 | €1,213 | +€788 | +185% |
| Other tangible fixed assets | 26 | €16,416 | €13,175 | -€3,241 | -19.7% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €22,271 | €17,217 | -€5,053 | -22.7% |
| Stocks and contracts in progress | 3 | €13,526 | €10,320 | -€3,206 | -23.7% |
| Stocks | 30/36 | €13,526 | €10,320 | -€3,206 | -23.7% |
| Amounts receivable within one year | 40/41 | €8,293 | €1,303 | -€6,990 | -84.3% |
| Trade receivables | 40 | €8,293 | €1,303 | -€6,990 | -84.3% |
| Cash at bank and in hand | 54/58 | €452 | €4,885 | +€4,434 | +981% |
| Deferred charges and accrued income | 490/1 | - | €709 | +€709 | |
| Total equity and liabilities | 10/49 | €274,145 | €251,059 | -€23,086 | -8.4% |
| Equity | 10/15 | -€44,703 | -€57,476 | -€12,772 | -28.6% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €813 | €813 | = | 0.0% |
| Distributable reserves | 133 | €813 | €813 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,516 | -€66,289 | -€12,772 | -23.9% |
| Amounts payable | 17/49 | €318,848 | €308,535 | -€10,313 | -3.2% |
| Amounts payable after more than one year | 17 | €209,494 | €203,058 | -€6,436 | -3.1% |
| Financial debts | 170/4 | €209,494 | €203,058 | -€6,436 | -3.1% |
| Amounts payable within one year | 42/48 | €109,354 | €105,477 | -€3,877 | -3.5% |
| Current portion of amounts payable after more than one year | 42 | €23,401 | €21,914 | -€1,486 | -6.4% |
| Financial debts | 43 | €8,385 | - | -€8,385 | |
| Credit institutions | 430/8 | €8,385 | - | -€8,385 | |
| Trade debts | 44 | €42,709 | €51,304 | +€8,595 | +20.1% |
| Suppliers | 440/4 | €42,709 | €51,304 | +€8,595 | +20.1% |
| Taxes, remuneration and social security | 45 | €11,235 | €17,183 | +€5,948 | +52.9% |
| Taxes | 450/3 | €4,330 | €3,268 | -€1,062 | -24.5% |
| Remuneration and social security | 454/9 | €6,905 | €13,915 | +€7,010 | +102% |
| Other amounts payable | 47/48 | €23,625 | €15,076 | -€8,549 | -36.2% |
| Remuneration, social security and pensions | 62 | €18,793 | €47,719 | +€28,926 | +154% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,542 | €21,569 | +€6,027 | +38.8% |
| Other operating charges | 640/8 | €32,124 | €2,912 | -€29,212 | -90.9% |
| Gross operating margin | 9900 | €8,991 | €70,437 | +€61,447 | +683% |
| Operating profit (loss) | 9901 | -€57,468 | -€1,763 | +€55,705 | +96.9% |
| Financial income | 75/76B | €25 | €9 | -€16 | -65.1% |
| Recurring financial income | 75 | €25 | €9 | -€16 | -65.1% |
| Financial charges | 65/66B | €3,837 | €11,019 | +€7,182 | +187% |
| Recurring financial charges | 65 | €3,837 | €11,019 | +€7,182 | +187% |
| Profit (loss) for the period before taxes | 9903 | -€61,280 | -€12,772 | +€48,507 | +79.2% |
| Profit (loss) for the period | 9904 | -€61,280 | -€12,772 | +€48,507 | +79.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€61,280 | -€12,772 | +€48,507 | +79.2% |
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 21 October 2026 via checked.be.