O-gate: 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-gate
Largest movements
- Tangible fixed assets +€85,962
new in 2025: €85,962
- Current investments +€80,000
new in 2025: €80,000
- Receivables within one year -€9,390
down €9,390 (-56.4%), from €16,644 to €7,254
of which Other amounts receivable: -€9,836
- Cash -€9,003
down €9,003 (-38.5%), from €23,361 to €14,358
mainly Investment in fixed assets (net) (-€94,279) and Current investments (-€80,000)
- Reserves +€62,624
new in 2025: €62,624
- Profit (loss) carried forward +€61,177
up €61,177, from -€61,177 to €0
- Tax, wage and social debts +€24,488
new in 2025: €24,488
- Gross operating margin +€158,170
up €158,170, from -€7,100 to €151,070
- Taxes +€18,602
new in 2025: €18,602
- Depreciation +€8,317
new in 2025: €8,317
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 | €41,105 | €188,709 | +€147,603 | +359% |
| Fixed assets | 21/28 | - | €85,962 | +€85,962 | |
| Tangible fixed assets | 22/27 | - | €85,962 | +€85,962 | |
| Furniture and vehicles | 24 | - | €85,962 | +€85,962 | |
| Current assets | 29/58 | €41,105 | €102,746 | +€61,641 | +150% |
| Amounts receivable within one year | 40/41 | €16,644 | €7,254 | -€9,390 | -56.4% |
| Trade receivables | 40 | - | €446 | +€446 | |
| Other amounts receivable | 41 | €16,644 | €6,808 | -€9,836 | -59.1% |
| Current investments | 50/53 | - | €80,000 | +€80,000 | |
| Cash at bank and in hand | 54/58 | €23,361 | €14,358 | -€9,003 | -38.5% |
| Deferred charges and accrued income | 490/1 | €1,100 | €1,134 | +€34 | +3.1% |
| Total equity and liabilities | 10/49 | €41,105 | €188,709 | +€147,603 | +359% |
| Equity | 10/15 | €38,823 | €162,624 | +€123,801 | +319% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | - | €62,624 | +€62,624 | |
| Distributable reserves | 133 | - | €62,624 | +€62,624 | |
| Profit (loss) carried forward | 14 | -€61,177 | €0 | +€61,177 | |
| Amounts payable | 17/49 | €2,282 | €26,084 | +€23,802 | +1,043% |
| Amounts payable within one year | 42/48 | €2,194 | €25,995 | +€23,800 | +1,085% |
| Trade debts | 44 | €1,100 | €412 | -€688 | -62.5% |
| Suppliers | 440/4 | €1,100 | €412 | -€688 | -62.5% |
| Taxes, remuneration and social security | 45 | - | €24,488 | +€24,488 | |
| Taxes | 450/3 | - | €24,488 | +€24,488 | |
| Other amounts payable | 47/48 | €1,094 | €1,094 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €88 | €89 | +€2 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €8,317 | +€8,317 | |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | -€7,100 | €151,070 | +€158,170 | |
| Operating profit (loss) | 9901 | -€7,605 | €142,233 | +€149,839 | |
| Financial income | 75/76B | - | €184 | +€184 | |
| Recurring financial income | 75 | - | €184 | +€184 | |
| Financial charges | 65/66B | - | €15 | +€15 | |
| Recurring financial charges | 65 | - | €15 | +€15 | |
| Profit (loss) for the period before taxes | 9903 | -€7,605 | €142,403 | +€150,008 | |
| Income taxes | 67/77 | - | €18,602 | +€18,602 | |
| Profit (loss) for the period | 9904 | -€7,605 | €123,801 | +€131,407 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,605 | €123,801 | +€131,407 |
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 15 October 2026 via checked.be.