O DE COULEURS: 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 DE COULEURS
Largest movements
- Tangible fixed assets -€11,848
down €11,848 (-16.2%), from €72,934 to €61,086
of which Land and buildings: -€8,035
- Cash -€3,937
down €3,937 (-25.1%), from €15,682 to €11,745
mainly Debts after one year (-€24,500) and Current portion of long-term debt (-€2,432)
- Debts after one year -€24,500
down €24,500 (-31.5%), from €77,784 to €53,284
- Reserves +€10,098
up €10,098 (+10.4%), from €96,896 to €106,994
- Current portion of long-term debt -€2,432
down €2,432 (-11.4%), from €21,306 to €18,873
- Gross operating margin -€13,044
down €13,044 (-32.6%), from €39,988 to €26,944
- Depreciation -€1,024
down €1,024 (-8.0%), from €12,872 to €11,848
- Taxes -€949
down €949 (-43.7%), from €2,172 to €1,224
- Financial charges -€933
down €933 (-22.0%), from €4,236 to €3,303
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 | €207,058 | €190,353 | -€16,705 | -8.1% |
| Fixed assets | 21/28 | €72,934 | €61,086 | -€11,848 | -16.2% |
| Tangible fixed assets | 22/27 | €72,934 | €61,086 | -€11,848 | -16.2% |
| Land and buildings | 22 | €68,981 | €60,946 | -€8,035 | -11.6% |
| Furniture and vehicles | 24 | €3,953 | €140 | -€3,813 | -96.5% |
| Current assets | 29/58 | €134,124 | €129,266 | -€4,857 | -3.6% |
| Amounts receivable after more than one year | 29 | €102,500 | €102,500 | = | 0.0% |
| Other amounts receivable | 291 | €102,500 | €102,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €12,916 | €11,766 | -€1,150 | -8.9% |
| Trade receivables | 40 | €992 | - | -€992 | |
| Other amounts receivable | 41 | €11,924 | €11,766 | -€158 | -1.3% |
| Cash at bank and in hand | 54/58 | €15,682 | €11,745 | -€3,937 | -25.1% |
| Deferred charges and accrued income | 490/1 | €3,026 | €3,255 | +€230 | +7.6% |
| Total equity and liabilities | 10/49 | €207,058 | €190,353 | -€16,705 | -8.1% |
| Equity | 10/15 | €103,096 | €113,194 | +€10,098 | +9.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €96,896 | €106,994 | +€10,098 | +10.4% |
| Distributable reserves | 133 | €96,896 | €106,994 | +€10,098 | +10.4% |
| Amounts payable | 17/49 | €103,961 | €77,158 | -€26,803 | -25.8% |
| Amounts payable after more than one year | 17 | €77,784 | €53,284 | -€24,500 | -31.5% |
| Financial debts | 170/4 | €77,784 | €53,284 | -€24,500 | -31.5% |
| Amounts payable within one year | 42/48 | €26,177 | €23,874 | -€2,303 | -8.8% |
| Current portion of amounts payable after more than one year | 42 | €21,306 | €18,873 | -€2,432 | -11.4% |
| Trade debts | 44 | €1,253 | €1,122 | -€131 | -10.5% |
| Suppliers | 440/4 | €1,253 | €1,122 | -€131 | -10.5% |
| Taxes, remuneration and social security | 45 | €2,760 | €3,879 | +€1,120 | +40.6% |
| Taxes | 450/3 | €2,760 | €3,879 | +€1,120 | +40.6% |
| Other amounts payable | 47/48 | €859 | - | -€859 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,872 | €11,848 | -€1,024 | -8.0% |
| Other operating charges | 640/8 | €2,964 | €3,056 | +€93 | +3.1% |
| Gross operating margin | 9900 | €39,988 | €26,944 | -€13,044 | -32.6% |
| Operating profit (loss) | 9901 | €24,152 | €12,039 | -€12,113 | -50.2% |
| Financial income | 75/76B | €2,585 | €2,585 | +€0 | 0.0% |
| Recurring financial income | 75 | €2,585 | €2,585 | +€0 | 0.0% |
| Financial charges | 65/66B | €4,236 | €3,303 | -€933 | -22.0% |
| Recurring financial charges | 65 | €4,236 | €3,303 | -€933 | -22.0% |
| Profit (loss) for the period before taxes | 9903 | €22,501 | €11,321 | -€11,180 | -49.7% |
| Income taxes | 67/77 | €2,172 | €1,224 | -€949 | -43.7% |
| Profit (loss) for the period | 9904 | €20,329 | €10,098 | -€10,231 | -50.3% |
| Profit (loss) for the period to be appropriated | 9905 | €20,329 | €10,098 | -€10,231 | -50.3% |
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 27 October 2026 via checked.be.