O.M.G.: 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.M.G.
Largest movements
- Tangible fixed assets +€173,310
up €173,310 (+22.4%), from €772,810 to €946,121
of which Land and buildings: +€259,257
- Cash -€77,772
down €77,772 (-66.0%), from €117,866 to €40,094
mainly Investment in fixed assets (net) (-€317,285) and Short-term financial debts (-€300,000)
- Receivables within one year +€37,857
up €37,857 (+5.8%), from €657,845 to €695,702
of which Trade receivables: +€42,857
- Current investments +€19,112
up €19,112 (+110%), from €17,385 to €36,496
- Debts after one year +€413,162
up €413,162 (+467%), from €88,467 to €501,629
- Short-term financial debts -€300,000
down €300,000 (-75.0%), from €400,000 to €100,000
- Accrued charges and deferred income -€42,953
down €42,953 (-90.6%), from €47,425 to €4,471
- Trade debts +€41,221
up €41,221 (+25.1%), from €163,929 to €205,150
- Tax, wage and social debts +€40,697
up €40,697 (+72.0%), from €56,520 to €97,217
- Gross operating margin -€44,651
down €44,651 (-14.3%), from €311,854 to €267,203
- Depreciation +€28,090
up €28,090 (+24.2%), from €115,884 to €143,974
- Taxes -€16,843
down €16,843 (-27.6%), from €61,122 to €44,278
- Financial charges +€3,694
up €3,694 (+11.0%), from €33,612 to €37,306
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 | €1,739,293 | €1,893,821 | +€154,527 | +8.9% |
| Fixed assets | 21/28 | €772,810 | €946,121 | +€173,310 | +22.4% |
| Tangible fixed assets | 22/27 | €772,810 | €946,121 | +€173,310 | +22.4% |
| Land and buildings | 22 | €108,703 | €367,961 | +€259,257 | +238% |
| Plant, machinery and equipment | 23 | €18,383 | €14,069 | -€4,314 | -23.5% |
| Furniture and vehicles | 24 | €119,866 | €83,432 | -€36,435 | -30.4% |
| Other tangible fixed assets | 26 | €525,858 | €480,659 | -€45,198 | -8.6% |
| Current assets | 29/58 | €966,483 | €947,700 | -€18,783 | -1.9% |
| Amounts receivable after more than one year | 29 | €150,000 | €150,000 | = | 0.0% |
| Other amounts receivable | 291 | €150,000 | €150,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €657,845 | €695,702 | +€37,857 | +5.8% |
| Trade receivables | 40 | €410,036 | €452,893 | +€42,857 | +10.5% |
| Other amounts receivable | 41 | €247,809 | €242,809 | -€5,000 | -2.0% |
| Current investments | 50/53 | €17,385 | €36,496 | +€19,112 | +110% |
| Cash at bank and in hand | 54/58 | €117,866 | €40,094 | -€77,772 | -66.0% |
| Deferred charges and accrued income | 490/1 | €23,387 | €25,408 | +€2,020 | +8.6% |
| Total equity and liabilities | 10/49 | €1,739,293 | €1,893,821 | +€154,527 | +8.9% |
| Equity | 10/15 | €808,923 | €839,407 | +€30,484 | +3.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €796,516 | €826,996 | +€30,480 | +3.8% |
| Distributable reserves | 133 | €796,516 | €826,996 | +€30,480 | +3.8% |
| Profit (loss) carried forward | 14 | €7 | €11 | +€4 | +66.2% |
| Amounts payable | 17/49 | €930,371 | €1,054,414 | +€124,043 | +13.3% |
| Amounts payable after more than one year | 17 | €88,467 | €501,629 | +€413,162 | +467% |
| Financial debts | 170/4 | €88,467 | €501,629 | +€413,162 | +467% |
| Amounts payable within one year | 42/48 | €794,479 | €548,313 | -€246,166 | -31.0% |
| Current portion of amounts payable after more than one year | 42 | €95,876 | €85,950 | -€9,926 | -10.4% |
| Financial debts | 43 | €400,000 | €100,000 | -€300,000 | -75.0% |
| Other loans | 439 | €400,000 | €100,000 | -€300,000 | -75.0% |
| Trade debts | 44 | €163,929 | €205,150 | +€41,221 | +25.1% |
| Suppliers | 440/4 | €163,929 | €205,150 | +€41,221 | +25.1% |
| Taxes, remuneration and social security | 45 | €56,520 | €97,217 | +€40,697 | +72.0% |
| Taxes | 450/3 | €56,520 | €97,217 | +€40,697 | +72.0% |
| Other amounts payable | 47/48 | €78,155 | €59,996 | -€18,159 | -23.2% |
| Accrued charges and deferred income | 492/3 | €47,425 | €4,471 | -€42,953 | -90.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €115,884 | €143,974 | +€28,090 | +24.2% |
| Other operating charges | 640/8 | €3,706 | €3,880 | +€174 | +4.7% |
| Gross operating margin | 9900 | €311,854 | €267,203 | -€44,651 | -14.3% |
| Operating profit (loss) | 9901 | €192,264 | €119,350 | -€72,915 | -37.9% |
| Financial income | 75/76B | €6,466 | €7,719 | +€1,252 | +19.4% |
| Recurring financial income | 75 | €6,466 | €7,719 | +€1,252 | +19.4% |
| Financial charges | 65/66B | €33,612 | €37,306 | +€3,694 | +11.0% |
| Recurring financial charges | 65 | €33,612 | €37,306 | +€3,694 | +11.0% |
| Profit (loss) for the period before taxes | 9903 | €165,118 | €89,763 | -€75,356 | -45.6% |
| Income taxes | 67/77 | €61,122 | €44,278 | -€16,843 | -27.6% |
| Profit (loss) for the period | 9904 | €103,997 | €45,484 | -€58,512 | -56.3% |
| Profit (loss) for the period to be appropriated | 9905 | €103,997 | €45,484 | -€58,512 | -56.3% |
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 29 October 2026 via checked.be.