O.H.T.: what changed
O.H.T.
Largest movements
- Receivables after one year -€720,000
no longer reported in 2025 (was €720,000)
- Cash +€51,562
up €51,562 (+18.2%), from €282,940 to €334,501
mainly Receivables after one year (+€720,000) and Other debts (+€77,456)
- Tangible fixed assets -€41,530
down €41,530 (-5.2%), from €795,502 to €753,972
of which Land and buildings: -€41,631
- Deferred charges and accrued income -€22,449
down €22,449 (-87.9%), from €25,529 to €3,080
- Receivables within one year +€21,647
up €21,647 (+16.0%), from €135,310 to €156,957
of which Trade receivables: +€16,128
- Reserves -€817,079
down €817,079 (-59.1%), from €1.4m to €566,218
of which Distributable reserves: -€817,079
- Other debts +€77,456
up €77,456 (+21,661%), from €358 to €77,814
- Advances received +€66,275
up €66,275 (+132%), from €50,176 to €116,452
- Debts after one year -€46,111
down €46,111 (-8.3%), from €553,544 to €507,433
- Tax, wage and social debts +€29,069
up €29,069 (+69.8%), from €41,649 to €70,719
of which Taxes: +€31,467
- Gross operating margin -€309,153
down €309,153 (-52.1%), from €593,334 to €284,181
- Taxes -€84,251
down €84,251 (-84.4%), from €99,769 to €15,517
- Staff costs -€28,721
down €28,721 (-15.2%), from €189,245 to €160,524
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,118,155 | €1,410,511 | -€707,644 | -33.4% |
| Fixed assets | 21/28 | €796,822 | €755,292 | -€41,530 | -5.2% |
| Tangible fixed assets | 22/27 | €795,502 | €753,972 | -€41,530 | -5.2% |
| Land and buildings | 22 | €791,077 | €749,446 | -€41,631 | -5.3% |
| Furniture and vehicles | 24 | €2,483 | €3,554 | +€1,072 | +43.2% |
| Other tangible fixed assets | 26 | €1,943 | €971 | -€971 | -50.0% |
| Financial fixed assets | 28 | €1,320 | €1,320 | = | 0.0% |
| Current assets | 29/58 | €1,321,332 | €655,219 | -€666,113 | -50.4% |
| Amounts receivable after more than one year | 29 | €720,000 | - | -€720,000 | |
| Other amounts receivable | 291 | €720,000 | - | -€720,000 | |
| Stocks and contracts in progress | 3 | €157,553 | €160,680 | +€3,127 | +2.0% |
| Stocks | 30/36 | €157,553 | €160,680 | +€3,127 | +2.0% |
| Amounts receivable within one year | 40/41 | €135,310 | €156,957 | +€21,647 | +16.0% |
| Trade receivables | 40 | €73,955 | €90,082 | +€16,128 | +21.8% |
| Other amounts receivable | 41 | €61,356 | €66,875 | +€5,519 | +9.0% |
| Cash at bank and in hand | 54/58 | €282,940 | €334,501 | +€51,562 | +18.2% |
| Deferred charges and accrued income | 490/1 | €25,529 | €3,080 | -€22,449 | -87.9% |
| Total equity and liabilities | 10/49 | €2,118,155 | €1,410,511 | -€707,644 | -33.4% |
| Equity | 10/15 | €1,398,297 | €581,218 | -€817,079 | -58.4% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €1,383,297 | €566,218 | -€817,079 | -59.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,381,437 | €564,358 | -€817,079 | -59.1% |
| Amounts payable | 17/49 | €719,858 | €829,293 | +€109,435 | +15.2% |
| Amounts payable after more than one year | 17 | €553,544 | €507,433 | -€46,111 | -8.3% |
| Financial debts | 170/4 | €553,544 | €507,433 | -€46,111 | -8.3% |
| Amounts payable within one year | 42/48 | €166,313 | €321,860 | +€155,547 | +93.5% |
| Current portion of amounts payable after more than one year | 42 | €46,787 | €48,023 | +€1,236 | +2.6% |
| Trade debts | 44 | €27,343 | €8,853 | -€18,491 | -67.6% |
| Suppliers | 440/4 | €27,343 | €8,853 | -€18,491 | -67.6% |
| Advances received on contracts in progress | 46 | €50,176 | €116,452 | +€66,275 | +132% |
| Taxes, remuneration and social security | 45 | €41,649 | €70,719 | +€29,069 | +69.8% |
| Taxes | 450/3 | €22,466 | €53,933 | +€31,467 | +140% |
| Remuneration and social security | 454/9 | €19,183 | €16,786 | -€2,398 | -12.5% |
| Other amounts payable | 47/48 | €358 | €77,814 | +€77,456 | +21,661% |
| Non-recurring operating income | 76A | €2,909 | €4,093 | +€1,184 | +40.7% |
| Remuneration, social security and pensions | 62 | €189,245 | €160,524 | -€28,721 | -15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,289 | €44,928 | +€640 | +1.4% |
| Other operating charges | 640/8 | €13,726 | €12,323 | -€1,403 | -10.2% |
| Gross operating margin | 9900 | €593,334 | €284,181 | -€309,153 | -52.1% |
| Operating profit (loss) | 9901 | €346,074 | €66,405 | -€279,668 | -80.8% |
| Financial income | 75/76B | €3,712 | €2,009 | -€1,703 | -45.9% |
| Recurring financial income | 75 | €3,712 | €2,009 | -€1,703 | -45.9% |
| Financial charges | 65/66B | €25,356 | €21,043 | -€4,312 | -17.0% |
| Recurring financial charges | 65 | €25,356 | €21,043 | -€4,312 | -17.0% |
| Profit (loss) for the period before taxes | 9903 | €324,430 | €47,371 | -€277,059 | -85.4% |
| Income taxes | 67/77 | €99,769 | €15,517 | -€84,251 | -84.4% |
| Profit (loss) for the period | 9904 | €224,662 | €31,854 | -€192,808 | -85.8% |
| Profit (loss) for the period to be appropriated | 9905 | €224,662 | €31,854 | -€192,808 | -85.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.