O.C.I.: 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.C.I.
Largest movements
- Tangible fixed assets +€2.0m
up €2.0m (+77.0%), from €2.6m to €4.7m
of which Land and buildings: +€2.0m
- Cash -€580,237
down €580,237 (-67.4%), from €860,461 to €280,224
mainly Investment in fixed assets (net) (-€2.3m) and Receivables within one year (-€123,612)
- Receivables within one year +€123,612
up €123,612 (+64.1%), from €192,819 to €316,431
of which Other amounts receivable: +€65,448
- Debts after one year +€1.3m
up €1.3m (+421%), from €302,500 to €1.6m
- Current portion of long-term debt +€160,000
up €160,000 (+95.5%), from €167,500 to €327,500
- Reserves +€125,877
up €125,877 (+5.1%), from €2.4m to €2.6m
of which Distributable reserves: +€129,737
- Depreciation +€149,604
up €149,604 (+137%), from €109,575 to €259,179
- Other operating charges -€39,836
down €39,836 (-43.0%), from €92,573 to €52,737
- Gross operating margin -€23,908
down €23,908 (-4.3%), from €558,259 to €534,350
- Financial charges +€19,330
up €19,330 (+101%), from €19,170 to €38,500
- Taxes -€17,527
down €17,527 (-20.4%), from €85,849 to €68,321
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 | €3,692,535 | €5,279,297 | +€1.6m | +43.0% |
| Fixed assets | 21/28 | €2,639,256 | €4,682,642 | +€2.0m | +77.4% |
| Tangible fixed assets | 22/27 | €2,639,256 | €4,670,567 | +€2.0m | +77.0% |
| Land and buildings | 22 | €2,632,131 | €4,625,904 | +€2.0m | +75.7% |
| Plant, machinery and equipment | 23 | €7,124 | €5,663 | -€1,461 | -20.5% |
| Assets under construction and advance payments | 27 | - | €39,000 | +€39,000 | |
| Financial fixed assets | 28 | - | €12,075 | +€12,075 | |
| Current assets | 29/58 | €1,053,280 | €596,655 | -€456,625 | -43.4% |
| Amounts receivable within one year | 40/41 | €192,819 | €316,431 | +€123,612 | +64.1% |
| Trade receivables | 40 | €13,081 | €71,246 | +€58,164 | +445% |
| Other amounts receivable | 41 | €179,738 | €245,186 | +€65,448 | +36.4% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €860,461 | €280,224 | -€580,237 | -67.4% |
| Total equity and liabilities | 10/49 | €3,692,535 | €5,279,297 | +€1.6m | +43.0% |
| Equity | 10/15 | €2,982,031 | €3,107,908 | +€125,877 | +4.2% |
| Contributions | 10/11 | €535,000 | €535,000 | = | 0.0% |
| Reserves | 13 | €2,447,031 | €2,572,908 | +€125,877 | +5.1% |
| Tax-exempt reserves | 132 | €39,290 | €35,430 | -€3,860 | -9.8% |
| Distributable reserves | 133 | €2,407,741 | €2,537,478 | +€129,737 | +5.4% |
| Provisions and deferred taxes | 16 | €13,097 | €11,810 | -€1,287 | -9.8% |
| Deferred taxes | 168 | €13,097 | €11,810 | -€1,287 | -9.8% |
| Amounts payable | 17/49 | €697,407 | €2,159,579 | +€1.5m | +210% |
| Amounts payable after more than one year | 17 | €302,500 | €1,575,000 | +€1.3m | +421% |
| Financial debts | 170/4 | €302,500 | €1,575,000 | +€1.3m | +421% |
| Amounts payable within one year | 42/48 | €394,907 | €584,579 | +€189,672 | +48.0% |
| Current portion of amounts payable after more than one year | 42 | €167,500 | €327,500 | +€160,000 | +95.5% |
| Trade debts | 44 | €16,950 | €53,912 | +€36,962 | +218% |
| Suppliers | 440/4 | €16,950 | €53,912 | +€36,962 | +218% |
| Taxes, remuneration and social security | 45 | €1,394 | €0 | -€1,394 | -100% |
| Taxes | 450/3 | €1,394 | €0 | -€1,394 | -100% |
| Other amounts payable | 47/48 | €209,063 | €203,167 | -€5,896 | -2.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €25,715 | +€25,715 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €109,575 | €259,179 | +€149,604 | +137% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,214 | -€3,214 | -€6,428 | |
| Other operating charges | 640/8 | €92,573 | €52,737 | -€39,836 | -43.0% |
| Gross operating margin | 9900 | €558,259 | €534,350 | -€23,908 | -4.3% |
| Operating profit (loss) | 9901 | €352,897 | €225,649 | -€127,248 | -36.1% |
| Financial income | 75/76B | €3,453 | €5,763 | +€2,311 | +66.9% |
| Recurring financial income | 75 | €3,453 | €5,763 | +€2,311 | +66.9% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €19,170 | €38,500 | +€19,330 | +101% |
| Recurring financial charges | 65 | €19,170 | €38,500 | +€19,330 | +101% |
| Profit (loss) for the period before taxes | 9903 | €337,179 | €192,912 | -€144,268 | -42.8% |
| Transfer from deferred taxes | 780 | €1,288 | €1,287 | -€1 | -0.1% |
| Income taxes | 67/77 | €85,849 | €68,321 | -€17,527 | -20.4% |
| Profit (loss) for the period | 9904 | €252,619 | €125,877 | -€126,742 | -50.2% |
| Transfer from tax-exempt reserves | 789 | €3,865 | €3,860 | -€4 | -0.1% |
| Profit (loss) for the period to be appropriated | 9905 | €256,484 | €129,737 | -€126,746 | -49.4% |
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 19 October 2026 via checked.be.