O & D SERVICES: what changed
Two fiscal 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 & D SERVICES
Largest movements
- Tangible fixed assets +€37,041
up €37,041 (+5.6%), from €656,959 to €694,000
of which Leasing and similar rights: +€64,508
- Receivables within one year +€22,146
up €22,146 (+55.6%), from €39,835 to €61,981
of which Other amounts receivable: +€32,192
- Cash -€19,165
down €19,165 (-56.8%), from €33,716 to €14,551
mainly Investment in fixed assets (net) (-€108,755) and Receivables within one year (-€22,146)
- Stocks and contracts -€8,507
down €8,507 (-76.6%), from €11,104 to €2,597
- Debts after one year +€23,852
up €23,852 (+4.0%), from €597,779 to €621,631
- Current portion of long-term debt +€22,984
up €22,984 (+58.4%), from €39,367 to €62,351
- Profit (loss) carried forward -€16,518
down €16,518, from €13,177 to -€3,341
- Depreciation +€27,865
up €27,865 (+63.5%), from €43,849 to €71,714
- Gross operating margin +€9,359
up €9,359 (+10.5%), from €89,230 to €98,589
- Financial charges +€7,768
up €7,768 (+26.5%), from €29,345 to €37,113
of which Non-recurring financial charges: +€10,369
- Other operating charges -€3,573
down €3,573 (-36.9%), from €9,670 to €6,097
- Financial income +€1,216
up €1,216 (+165.7%), from €734 to €1,950
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.
Cash bridge derived
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 | €744,806 | €778,662 | +€33,856 | +4.5% |
| Fixed assets | 21/28 | €657,130 | €694,171 | +€37,041 | +5.6% |
| Tangible fixed assets | 22/27 | €656,959 | €694,000 | +€37,041 | +5.6% |
| Land and buildings | 22 | €435,016 | €413,114 | -€21,902 | -5.0% |
| Plant, machinery and equipment | 23 | €20,294 | €17,223 | -€3,071 | -15.1% |
| Furniture and vehicles | 24 | €10,393 | €7,899 | -€2,494 | -24.0% |
| Leasing and similar rights | 25 | €191,256 | €255,764 | +€64,508 | +33.7% |
| Financial fixed assets | 28 | €171 | €171 | = | 0.0% |
| Current assets | 29/58 | €87,676 | €84,491 | -€3,185 | -3.6% |
| Stocks and contracts in progress | 3 | €11,104 | €2,597 | -€8,507 | -76.6% |
| Stocks | 30/36 | €11,104 | €2,597 | -€8,507 | -76.6% |
| Amounts receivable within one year | 40/41 | €39,835 | €61,981 | +€22,146 | +55.6% |
| Trade receivables | 40 | €29,101 | €19,055 | -€10,046 | -34.5% |
| Other amounts receivable | 41 | €10,734 | €42,926 | +€32,192 | +299.9% |
| Cash at bank and in hand | 54/58 | €33,716 | €14,551 | -€19,165 | -56.8% |
| Deferred charges and accrued income | 490/1 | €3,021 | €5,362 | +€2,341 | +77.5% |
| Total equity and liabilities | 10/49 | €744,806 | €778,662 | +€33,856 | +4.5% |
| Equity | 10/15 | €88,349 | €71,831 | -€16,518 | -18.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €56,572 | €56,572 | = | 0.0% |
| Distributable reserves | 133 | €56,572 | €56,572 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,177 | -€3,341 | -€16,518 | |
| Amounts payable | 17/49 | €656,457 | €706,831 | +€50,374 | +7.7% |
| Amounts payable after more than one year | 17 | €597,779 | €621,631 | +€23,852 | +4.0% |
| Financial debts | 170/4 | €597,779 | €621,631 | +€23,852 | +4.0% |
| Amounts payable within one year | 42/48 | €58,678 | €83,200 | +€24,522 | +41.8% |
| Current portion of amounts payable after more than one year | 42 | €39,367 | €62,351 | +€22,984 | +58.4% |
| Trade debts | 44 | €688 | €4,575 | +€3,887 | +565.0% |
| Suppliers | 440/4 | €688 | €4,575 | +€3,887 | +565.0% |
| Taxes, remuneration and social security | 45 | €18,623 | €16,274 | -€2,349 | -12.6% |
| Taxes | 450/3 | €18,623 | €15,474 | -€3,149 | -16.9% |
| Remuneration and social security | 454/9 | - | €800 | +€800 | |
| Accrued charges and deferred income | 492/3 | - | €2,000 | +€2,000 | |
| Non-recurring operating income | 76A | €12,066 | - | -€12,066 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,849 | €71,714 | +€27,865 | +63.5% |
| Other operating charges | 640/8 | €9,670 | €6,097 | -€3,573 | -36.9% |
| Non-recurring operating charges | 66A | €1,686 | €1,725 | +€39 | +2.3% |
| Gross operating margin | 9900 | €89,230 | €98,589 | +€9,359 | +10.5% |
| Operating profit (loss) | 9901 | €34,025 | €19,053 | -€14,972 | -44.0% |
| Financial income | 75/76B | €734 | €1,950 | +€1,216 | +165.7% |
| Recurring financial income | 75 | €734 | €1,950 | +€1,216 | +165.7% |
| Financial charges | 65/66B | €29,345 | €37,113 | +€7,768 | +26.5% |
| Recurring financial charges | 65 | €29,345 | €26,744 | -€2,601 | -8.9% |
| Non-recurring financial charges | 66B | - | €10,369 | +€10,369 | |
| Profit (loss) for the period before taxes | 9903 | €5,414 | -€16,110 | -€21,524 | |
| Income taxes | 67/77 | €728 | €408 | -€320 | -44.0% |
| Profit (loss) for the period | 9904 | €4,686 | -€16,518 | -€21,204 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,686 | -€16,518 | -€21,204 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.