O'boeuf: 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'boeuf
Largest movements
- Receivables within one year -€17,242
down €17,242 (-50.2%), from €34,337 to €17,095
of which Trade receivables: -€17,787
- Tangible fixed assets -€8,251
down €8,251 (-45.9%), from €17,978 to €9,727
of which Plant, machinery and equipment: -€7,581
- Cash +€5,681
up €5,681 (+168%), from €3,379 to €9,059
mainly Trade debts (+€31,320) and Receivables within one year (+€17,242)
- Deferred charges and accrued income -€1,323
down €1,323 (-28.0%), from €4,729 to €3,406
- Stocks and contracts -€1,030
down €1,030 (-4.5%), from €22,814 to €21,784
- Profit (loss) carried forward -€50,854
down €50,854 (-42.2%), from -€120,487 to -€171,342
- Trade debts +€31,320
up €31,320 (+28.3%), from €110,817 to €142,137
- Debts after one year -€5,178
down €5,178 (-74.7%), from €6,929 to €1,751
- Tax, wage and social debts +€2,016
up €2,016 (+4.2%), from €47,843 to €49,859
of which Remuneration and social security: +€1,119
- Gross operating margin -€113,945
down €113,945 (-59.3%), from €192,290 to €78,344
- Staff costs -€76,219
down €76,219 (-40.3%), from €188,912 to €112,693
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 | €83,721 | €61,071 | -€22,650 | -27.1% |
| Fixed assets | 21/28 | €18,463 | €9,727 | -€8,736 | -47.3% |
| Intangible fixed assets | 21 | €485 | €0 | -€485 | -100% |
| Tangible fixed assets | 22/27 | €17,978 | €9,727 | -€8,251 | -45.9% |
| Land and buildings | 22 | €953 | €417 | -€536 | -56.2% |
| Plant, machinery and equipment | 23 | €16,891 | €9,310 | -€7,581 | -44.9% |
| Furniture and vehicles | 24 | €134 | €0 | -€134 | -100% |
| Current assets | 29/58 | €65,259 | €51,345 | -€13,914 | -21.3% |
| Stocks and contracts in progress | 3 | €22,814 | €21,784 | -€1,030 | -4.5% |
| Stocks | 30/36 | €22,814 | €21,784 | -€1,030 | -4.5% |
| Amounts receivable within one year | 40/41 | €34,337 | €17,095 | -€17,242 | -50.2% |
| Trade receivables | 40 | €28,845 | €11,058 | -€17,787 | -61.7% |
| Other amounts receivable | 41 | €5,492 | €6,037 | +€545 | +9.9% |
| Cash at bank and in hand | 54/58 | €3,379 | €9,059 | +€5,681 | +168% |
| Deferred charges and accrued income | 490/1 | €4,729 | €3,406 | -€1,323 | -28.0% |
| Total equity and liabilities | 10/49 | €83,721 | €61,071 | -€22,650 | -27.1% |
| Equity | 10/15 | -€114,487 | -€165,342 | -€50,854 | -44.4% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€120,487 | -€171,342 | -€50,854 | -42.2% |
| Amounts payable | 17/49 | €198,208 | €226,413 | +€28,205 | +14.2% |
| Amounts payable after more than one year | 17 | €6,929 | €1,751 | -€5,178 | -74.7% |
| Financial debts | 170/4 | €6,929 | €1,751 | -€5,178 | -74.7% |
| Amounts payable within one year | 42/48 | €190,729 | €224,174 | +€33,445 | +17.5% |
| Current portion of amounts payable after more than one year | 42 | €5,069 | €5,178 | +€109 | +2.2% |
| Financial debts | 43 | €25,000 | €25,000 | = | 0.0% |
| Credit institutions | 430/8 | €25,000 | €25,000 | = | 0.0% |
| Trade debts | 44 | €110,817 | €142,137 | +€31,320 | +28.3% |
| Suppliers | 440/4 | €110,817 | €142,137 | +€31,320 | +28.3% |
| Taxes, remuneration and social security | 45 | €47,843 | €49,859 | +€2,016 | +4.2% |
| Taxes | 450/3 | €17,289 | €18,186 | +€897 | +5.2% |
| Remuneration and social security | 454/9 | €30,555 | €31,674 | +€1,119 | +3.7% |
| Other amounts payable | 47/48 | €2,000 | €2,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €550 | €488 | -€62 | -11.3% |
| Remuneration, social security and pensions | 62 | €188,912 | €112,693 | -€76,219 | -40.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,004 | €8,736 | -€1,268 | -12.7% |
| Other operating charges | 640/8 | €2,063 | €2,539 | +€476 | +23.1% |
| Gross operating margin | 9900 | €192,290 | €78,344 | -€113,945 | -59.3% |
| Operating profit (loss) | 9901 | -€8,689 | -€45,624 | -€36,935 | -425% |
| Financial income | 75/76B | €0 | €762 | +€762 | +1,270,633% |
| Recurring financial income | 75 | €0 | €762 | +€762 | +1,270,633% |
| Financial charges | 65/66B | €5,912 | €5,776 | -€137 | -2.3% |
| Recurring financial charges | 65 | €5,912 | €5,776 | -€137 | -2.3% |
| Profit (loss) for the period before taxes | 9903 | -€14,601 | -€50,637 | -€36,036 | -247% |
| Income taxes | 67/77 | €400 | €218 | -€182 | -45.6% |
| Profit (loss) for the period | 9904 | -€15,001 | -€50,854 | -€35,853 | -239% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,001 | -€50,854 | -€35,853 | -239% |
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 20 October 2026 via checked.be.