O&C MANAGEMENT: 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 MANAGEMENT
Largest movements
- Tangible fixed assets +€574,904
up €574,904 (+43.2%), from €1.3m to €1.9m
of which Land and buildings: +€599,736
- Cash -€329,873
down €329,873 (-87.3%), from €377,945 to €48,071
mainly Investment in fixed assets (net) (-€683,508) and Contributions, distributions and other (-€166,700)
- Debts after one year +€231,442
up €231,442 (+22.6%), from €1.0m to €1.3m
- Other debts -€134,077
down €134,077 (-40.6%), from €330,546 to €196,468
- Profit (loss) carried forward +€79,080
up €79,080 (+15.4%), from €513,533 to €592,613
- Trade debts +€57,417
up €57,417 (+1,547%), from €3,712 to €61,129
- Current portion of long-term debt +€31,124
up €31,124 (+35.0%), from €88,953 to €120,077
- Gross operating margin +€75,423
up €75,423 (+17.1%), from €442,262 to €517,684
- Financial income -€61,899
down €61,899 (-96.5%), from €64,124 to €2,224
- Other operating charges +€48,547
up €48,547 (+996%), from €4,876 to €53,423
- Depreciation +€42,807
up €42,807 (+65.1%), from €65,797 to €108,604
- Taxes -€18,523
down €18,523 (-18.7%), from €98,823 to €80,300
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 | €2,053,318 | €2,305,096 | +€251,778 | +12.3% |
| Fixed assets | 21/28 | €1,330,833 | €1,905,737 | +€574,904 | +43.2% |
| Tangible fixed assets | 22/27 | €1,330,833 | €1,905,737 | +€574,904 | +43.2% |
| Land and buildings | 22 | €1,229,969 | €1,829,705 | +€599,736 | +48.8% |
| Furniture and vehicles | 24 | €100,864 | €76,032 | -€24,832 | -24.6% |
| Current assets | 29/58 | €722,485 | €399,359 | -€323,126 | -44.7% |
| Amounts receivable within one year | 40/41 | €340,972 | €348,002 | +€7,030 | +2.1% |
| Trade receivables | 40 | €340,972 | €298,002 | -€42,970 | -12.6% |
| Other amounts receivable | 41 | - | €50,000 | +€50,000 | |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €377,945 | €48,071 | -€329,873 | -87.3% |
| Deferred charges and accrued income | 490/1 | €3,569 | €3,286 | -€283 | -7.9% |
| Total equity and liabilities | 10/49 | €2,053,318 | €2,305,096 | +€251,778 | +12.3% |
| Equity | 10/15 | €533,993 | €613,073 | +€79,080 | +14.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €513,533 | €592,613 | +€79,080 | +15.4% |
| Amounts payable | 17/49 | €1,519,325 | €1,692,023 | +€172,699 | +11.4% |
| Amounts payable after more than one year | 17 | €1,024,600 | €1,256,042 | +€231,442 | +22.6% |
| Financial debts | 170/4 | €1,024,600 | €1,256,042 | +€231,442 | +22.6% |
| Amounts payable within one year | 42/48 | €494,725 | €435,981 | -€58,744 | -11.9% |
| Current portion of amounts payable after more than one year | 42 | €88,953 | €120,077 | +€31,124 | +35.0% |
| Trade debts | 44 | €3,712 | €61,129 | +€57,417 | +1,547% |
| Suppliers | 440/4 | €3,712 | €61,129 | +€57,417 | +1,547% |
| Taxes, remuneration and social security | 45 | €71,515 | €58,307 | -€13,208 | -18.5% |
| Taxes | 450/3 | €69,515 | €56,307 | -€13,208 | -19.0% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €330,546 | €196,468 | -€134,077 | -40.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,797 | €108,604 | +€42,807 | +65.1% |
| Other operating charges | 640/8 | €4,876 | €53,423 | +€48,547 | +996% |
| Gross operating margin | 9900 | €442,262 | €517,684 | +€75,423 | +17.1% |
| Operating profit (loss) | 9901 | €371,589 | €355,657 | -€15,932 | -4.3% |
| Financial income | 75/76B | €64,124 | €2,224 | -€61,899 | -96.5% |
| Recurring financial income | 75 | €64,124 | €2,224 | -€61,899 | -96.5% |
| Financial charges | 65/66B | €27,211 | €31,802 | +€4,591 | +16.9% |
| Recurring financial charges | 65 | €27,211 | €31,802 | +€4,591 | +16.9% |
| Profit (loss) for the period before taxes | 9903 | €408,501 | €326,079 | -€82,422 | -20.2% |
| Income taxes | 67/77 | €98,823 | €80,300 | -€18,523 | -18.7% |
| Profit (loss) for the period | 9904 | €309,679 | €245,780 | -€63,899 | -20.6% |
| Profit (loss) for the period to be appropriated | 9905 | €309,679 | €245,780 | -€63,899 | -20.6% |
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.