O-Circle: 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-Circle
Largest movements
- Cash -€44,776
down €44,776 (-46.6%), from €96,175 to €51,399
mainly Other debts (-€29,742) and Net result for the year (-€19,358)
- Receivables within one year -€10,590
down €10,590 (-57.0%), from €18,588 to €7,998
of which Trade receivables: -€14,037
- Deferred charges and accrued income +€3,779
up €3,779 (+94.3%), from €4,007 to €7,786
- Other debts -€29,742
down €29,742 (-98.7%), from €30,137 to €395
- Profit (loss) carried forward -€19,358
down €19,358 (-84.9%), from €22,806 to €3,448
- Tax, wage and social debts -€7,819
down €7,819 (-74.3%), from €10,525 to €2,706
- Trade debts +€4,239
up €4,239 (+158%), from €2,686 to €6,924
- Gross operating margin -€62,516
down €62,516, from €48,053 to -€14,464
- Taxes -€9,236
down €9,236 (-98.1%), from €9,412 to €176
- Depreciation +€909
up €909 (+80.0%), from €1,136 to €2,045
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 | €123,018 | €70,482 | -€52,536 | -42.7% |
| Fixed assets | 21/28 | €4,248 | €3,299 | -€948 | -22.3% |
| Tangible fixed assets | 22/27 | €4,248 | €3,299 | -€948 | -22.3% |
| Furniture and vehicles | 24 | €4,248 | €3,299 | -€948 | -22.3% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Current assets | 29/58 | €118,771 | €67,183 | -€51,587 | -43.4% |
| Amounts receivable within one year | 40/41 | €18,588 | €7,998 | -€10,590 | -57.0% |
| Trade receivables | 40 | €14,546 | €509 | -€14,037 | -96.5% |
| Other amounts receivable | 41 | €4,042 | €7,489 | +€3,447 | +85.3% |
| Cash at bank and in hand | 54/58 | €96,175 | €51,399 | -€44,776 | -46.6% |
| Deferred charges and accrued income | 490/1 | €4,007 | €7,786 | +€3,779 | +94.3% |
| Total equity and liabilities | 10/49 | €123,018 | €70,482 | -€52,536 | -42.7% |
| Equity | 10/15 | €79,356 | €59,998 | -€19,358 | -24.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €38,000 | €38,000 | = | 0.0% |
| Distributable reserves | 133 | €38,000 | €38,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,806 | €3,448 | -€19,358 | -84.9% |
| Amounts payable | 17/49 | €43,662 | €10,485 | -€33,177 | -76.0% |
| Amounts payable within one year | 42/48 | €43,534 | €10,353 | -€33,181 | -76.2% |
| Financial debts | 43 | €186 | €328 | +€141 | +76.0% |
| Other loans | 439 | €186 | €328 | +€141 | +76.0% |
| Trade debts | 44 | €2,686 | €6,924 | +€4,239 | +158% |
| Suppliers | 440/4 | €2,686 | €6,924 | +€4,239 | +158% |
| Taxes, remuneration and social security | 45 | €10,525 | €2,706 | -€7,819 | -74.3% |
| Taxes | 450/3 | €10,525 | €2,706 | -€7,819 | -74.3% |
| Other amounts payable | 47/48 | €30,137 | €395 | -€29,742 | -98.7% |
| Accrued charges and deferred income | 492/3 | €129 | €132 | +€3 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,136 | €2,045 | +€909 | +80.0% |
| Other operating charges | 640/8 | €1,159 | €1,246 | +€88 | +7.6% |
| Gross operating margin | 9900 | €48,053 | -€14,464 | -€62,516 | |
| Operating profit (loss) | 9901 | €45,758 | -€17,755 | -€63,513 | |
| Financial income | 75/76B | €608 | €461 | -€147 | -24.2% |
| Recurring financial income | 75 | €608 | €461 | -€147 | -24.2% |
| Financial charges | 65/66B | €2,307 | €1,888 | -€419 | -18.1% |
| Recurring financial charges | 65 | €2,307 | €1,888 | -€419 | -18.1% |
| Profit (loss) for the period before taxes | 9903 | €44,058 | -€19,183 | -€63,241 | |
| Income taxes | 67/77 | €9,412 | €176 | -€9,236 | -98.1% |
| Profit (loss) for the period | 9904 | €34,647 | -€19,358 | -€54,005 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,647 | -€19,358 | -€54,005 |
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 13 October 2026 via checked.be.