O.C.N.: 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.N.
Largest movements
- Stocks and contracts -€44,210
down €44,210 (-40.7%), from €108,538 to €64,328
- Cash +€36,181
up €36,181 (+181%), from €20,038 to €56,218
mainly Stocks and contracts (+€44,210) and Net result for the year (+€38,578)
- Tangible fixed assets -€22,707
down €22,707 (-11.8%), from €191,685 to €168,977
of which Plant, machinery and equipment: -€18,300
- Current portion of long-term debt -€36,904
no longer reported in 2025 (was €36,904)
- Profit (loss) carried forward +€26,655
no longer reported in 2025 (was -€26,655)
- Debts after one year -€12,583
down €12,583 (-6.4%), from €196,561 to €183,978
- Reserves +€11,924
up €11,924 (+32.2%), from €37,017 to €48,941
of which Distributable reserves: +€11,924
- Short-term financial debts -€10,208
no longer reported in 2025 (was €10,208)
- Gross operating margin +€42,229
up €42,229 (+40.9%), from €103,289 to €145,518
- Staff costs +€5,582
up €5,582 (+8.4%), from €66,770 to €72,352
- Taxes +€5,000
new in 2025: €5,000
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 | €321,288 | €291,241 | -€30,047 | -9.4% |
| Fixed assets | 21/28 | €191,685 | €168,977 | -€22,707 | -11.8% |
| Tangible fixed assets | 22/27 | €191,685 | €168,977 | -€22,707 | -11.8% |
| Land and buildings | 22 | €135,400 | €130,600 | -€4,800 | -3.5% |
| Plant, machinery and equipment | 23 | €53,022 | €34,722 | -€18,300 | -34.5% |
| Furniture and vehicles | 24 | €972 | €567 | -€406 | -41.7% |
| Other tangible fixed assets | 26 | €2,290 | €3,088 | +€798 | +34.9% |
| Current assets | 29/58 | €129,603 | €122,263 | -€7,340 | -5.7% |
| Stocks and contracts in progress | 3 | €108,538 | €64,328 | -€44,210 | -40.7% |
| Stocks | 30/36 | €108,538 | €64,328 | -€44,210 | -40.7% |
| Amounts receivable within one year | 40/41 | €1,028 | €1,717 | +€690 | +67.1% |
| Trade receivables | 40 | - | €557 | +€557 | |
| Other amounts receivable | 41 | €1,028 | €1,160 | +€133 | +12.9% |
| Cash at bank and in hand | 54/58 | €20,038 | €56,218 | +€36,181 | +181% |
| Total equity and liabilities | 10/49 | €321,288 | €291,241 | -€30,047 | -9.4% |
| Equity | 10/15 | €29,362 | €67,941 | +€38,578 | +131% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €37,017 | €48,941 | +€11,924 | +32.2% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €33,117 | €45,041 | +€11,924 | +36.0% |
| Profit (loss) carried forward | 14 | -€26,655 | - | +€26,655 | |
| Amounts payable | 17/49 | €291,926 | €223,300 | -€68,626 | -23.5% |
| Amounts payable after more than one year | 17 | €196,561 | €183,978 | -€12,583 | -6.4% |
| Financial debts | 170/4 | €196,561 | €183,978 | -€12,583 | -6.4% |
| Amounts payable within one year | 42/48 | €95,364 | €39,322 | -€56,042 | -58.8% |
| Current portion of amounts payable after more than one year | 42 | €36,904 | - | -€36,904 | |
| Financial debts | 43 | €10,208 | - | -€10,208 | |
| Other loans | 439 | €10,208 | - | -€10,208 | |
| Trade debts | 44 | €17,679 | €19,580 | +€1,901 | +10.8% |
| Suppliers | 440/4 | €17,679 | €19,580 | +€1,901 | +10.8% |
| Taxes, remuneration and social security | 45 | €14,421 | €5,641 | -€8,780 | -60.9% |
| Taxes | 450/3 | €2,942 | - | -€2,942 | |
| Remuneration and social security | 454/9 | €11,479 | €5,641 | -€5,838 | -50.9% |
| Other amounts payable | 47/48 | €16,152 | €14,101 | -€2,051 | -12.7% |
| Remuneration, social security and pensions | 62 | €66,770 | €72,352 | +€5,582 | +8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,443 | €24,111 | -€1,332 | -5.2% |
| Other operating charges | 640/8 | €2,515 | €2,452 | -€63 | -2.5% |
| Gross operating margin | 9900 | €103,289 | €145,518 | +€42,229 | +40.9% |
| Operating profit (loss) | 9901 | €8,561 | €46,602 | +€38,042 | +444% |
| Financial income | 75/76B | €4 | €61 | +€57 | +1,428% |
| Recurring financial income | 75 | €4 | €61 | +€57 | +1,428% |
| Financial charges | 65/66B | €4,521 | €3,085 | -€1,436 | -31.8% |
| Recurring financial charges | 65 | €4,521 | €3,085 | -€1,436 | -31.8% |
| Profit (loss) for the period before taxes | 9903 | €4,044 | €43,578 | +€39,535 | +978% |
| Income taxes | 67/77 | - | €5,000 | +€5,000 | |
| Profit (loss) for the period | 9904 | €4,044 | €38,578 | +€34,535 | +854% |
| Profit (loss) for the period to be appropriated | 9905 | €4,044 | €38,578 | +€34,535 | +854% |
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 22 October 2026 via checked.be.