O&L ELLIPSIS: 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&L ELLIPSIS
Largest movements
- Tangible fixed assets +€2,733
new in 2025: €2,733
- Cash +€1,150
up €1,150 (+1,379%), from €83 to €1,234
mainly Trade debts (+€7,818) and Depreciation (+€767)
- Receivables within one year +€1,025
up €1,025 (+10.7%), from €9,596 to €10,621
of which Trade receivables: +€4,339
- Trade debts +€7,818
up €7,818 (+950%), from €823 to €8,641
- Profit (loss) carried forward -€1,430
down €1,430, from €496 to -€934
- Tax, wage and social debts -€1,335
down €1,335 (-46.5%), from €2,870 to €1,535
of which Remuneration and social security: -€1,403
- Staff costs +€10,760
up €10,760 (+41.2%), from €26,105 to €36,865
- Gross operating margin +€9,814
up €9,814 (+34.4%), from €28,563 to €38,377
- Other operating charges +€1,447
up €1,447 (+277%), from €522 to €1,969
- Depreciation +€767
new in 2025: €767
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 | €9,884 | €14,793 | +€4,908 | +49.7% |
| Fixed assets | 21/28 | €205 | €2,938 | +€2,733 | +1,333% |
| Tangible fixed assets | 22/27 | - | €2,733 | +€2,733 | |
| Furniture and vehicles | 24 | - | €2,733 | +€2,733 | |
| Financial fixed assets | 28 | €205 | €205 | = | 0.0% |
| Current assets | 29/58 | €9,679 | €11,855 | +€2,176 | +22.5% |
| Amounts receivable within one year | 40/41 | €9,596 | €10,621 | +€1,025 | +10.7% |
| Trade receivables | 40 | €6,282 | €10,621 | +€4,339 | +69.1% |
| Other amounts receivable | 41 | €3,314 | - | -€3,314 | |
| Cash at bank and in hand | 54/58 | €83 | €1,234 | +€1,150 | +1,379% |
| Total equity and liabilities | 10/49 | €9,884 | €14,793 | +€4,908 | +49.7% |
| Equity | 10/15 | €5,496 | €4,066 | -€1,430 | -26.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €496 | -€934 | -€1,430 | |
| Amounts payable | 17/49 | €4,388 | €10,727 | +€6,338 | +144% |
| Amounts payable within one year | 42/48 | €4,388 | €10,727 | +€6,338 | +144% |
| Trade debts | 44 | €823 | €8,641 | +€7,818 | +950% |
| Suppliers | 440/4 | €823 | €8,641 | +€7,818 | +950% |
| Taxes, remuneration and social security | 45 | €2,870 | €1,535 | -€1,335 | -46.5% |
| Taxes | 450/3 | - | €68 | +€68 | |
| Remuneration and social security | 454/9 | €2,870 | €1,467 | -€1,403 | -48.9% |
| Other amounts payable | 47/48 | €695 | €550 | -€145 | -20.8% |
| Remuneration, social security and pensions | 62 | €26,105 | €36,865 | +€10,760 | +41.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €767 | +€767 | |
| Other operating charges | 640/8 | €522 | €1,969 | +€1,447 | +277% |
| Gross operating margin | 9900 | €28,563 | €38,377 | +€9,814 | +34.4% |
| Operating profit (loss) | 9901 | €1,937 | -€1,224 | -€3,161 | |
| Financial charges | 65/66B | €141 | €206 | +€65 | +46.4% |
| Recurring financial charges | 65 | €141 | €206 | +€65 | +46.4% |
| Profit (loss) for the period before taxes | 9903 | €1,796 | -€1,430 | -€3,226 | |
| Profit (loss) for the period | 9904 | €1,796 | -€1,430 | -€3,226 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,796 | -€1,430 | -€3,226 |
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 30 October 2026 via checked.be.