O & O: 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 & O
Largest movements
- Receivables within one year +€33,117
up €33,117 (+105%), from €31,674 to €64,791
of which Trade receivables: +€24,557
- Cash -€2,927
down €2,927 (-41.4%), from €7,070 to €4,143
mainly Receivables within one year (-€33,117) and Tax, wage and social debts (-€3,005)
- Tangible fixed assets -€1,753
down €1,753 (-32.7%), from €5,353 to €3,601
of which Furniture and vehicles: -€1,033
- Trade debts +€14,664
up €14,664 (+875%), from €1,676 to €16,340
- Debts after one year +€8,898
up €8,898 (+103%), from €8,602 to €17,500
- Profit (loss) carried forward +€6,848
up €6,848 (+88.2%), from €7,764 to €14,612
- Tax, wage and social debts -€3,005
down €3,005 (-46.2%), from €6,508 to €3,502
of which Taxes: -€3,005
- Current portion of long-term debt +€830
up €830 (+18.0%), from €4,601 to €5,430
- Financial charges +€11,574
up €11,574 (+222%), from €5,220 to €16,794
- Gross operating margin +€8,636
up €8,636 (+55.3%), from €15,603 to €24,239
- Other operating charges -€1,845
down €1,845 (-70.6%), from €2,615 to €770
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 | €47,750 | €75,984 | +€28,234 | +59.1% |
| Fixed assets | 21/28 | €8,653 | €6,901 | -€1,753 | -20.3% |
| Tangible fixed assets | 22/27 | €5,353 | €3,601 | -€1,753 | -32.7% |
| Plant, machinery and equipment | 23 | €1,148 | €875 | -€273 | -23.7% |
| Furniture and vehicles | 24 | €3,311 | €2,278 | -€1,033 | -31.2% |
| Other tangible fixed assets | 26 | €895 | €448 | -€448 | -50.0% |
| Financial fixed assets | 28 | €3,300 | €3,300 | = | 0.0% |
| Current assets | 29/58 | €39,096 | €69,084 | +€29,987 | +76.7% |
| Stocks and contracts in progress | 3 | €150 | €150 | = | 0.0% |
| Stocks | 30/36 | €150 | €150 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €31,674 | €64,791 | +€33,117 | +105% |
| Trade receivables | 40 | €386 | €24,943 | +€24,557 | +6,356% |
| Other amounts receivable | 41 | €31,287 | €39,848 | +€8,561 | +27.4% |
| Cash at bank and in hand | 54/58 | €7,070 | €4,143 | -€2,927 | -41.4% |
| Deferred charges and accrued income | 490/1 | €203 | €0 | -€203 | -100% |
| Total equity and liabilities | 10/49 | €47,750 | €75,984 | +€28,234 | +59.1% |
| Equity | 10/15 | €26,364 | €33,212 | +€6,848 | +26.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,764 | €14,612 | +€6,848 | +88.2% |
| Amounts payable | 17/49 | €21,386 | €42,772 | +€21,386 | +100% |
| Amounts payable after more than one year | 17 | €8,602 | €17,500 | +€8,898 | +103% |
| Financial debts | 170/4 | €8,602 | €17,500 | +€8,898 | +103% |
| Amounts payable within one year | 42/48 | €12,784 | €25,272 | +€12,488 | +97.7% |
| Current portion of amounts payable after more than one year | 42 | €4,601 | €5,430 | +€830 | +18.0% |
| Trade debts | 44 | €1,676 | €16,340 | +€14,664 | +875% |
| Suppliers | 440/4 | €1,676 | €16,340 | +€14,664 | +875% |
| Taxes, remuneration and social security | 45 | €6,508 | €3,502 | -€3,005 | -46.2% |
| Taxes | 450/3 | €6,508 | €3,502 | -€3,005 | -46.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,696 | €1,753 | +€57 | +3.4% |
| Other operating charges | 640/8 | €2,615 | €770 | -€1,845 | -70.6% |
| Gross operating margin | 9900 | €15,603 | €24,239 | +€8,636 | +55.3% |
| Operating profit (loss) | 9901 | €11,293 | €21,717 | +€10,424 | +92.3% |
| Financial income | 75/76B | €1,828 | €1,926 | +€98 | +5.4% |
| Recurring financial income | 75 | €1,828 | €1,926 | +€98 | +5.4% |
| Financial charges | 65/66B | €5,220 | €16,794 | +€11,574 | +222% |
| Recurring financial charges | 65 | €5,220 | €16,794 | +€11,574 | +222% |
| Profit (loss) for the period before taxes | 9903 | €7,901 | €6,848 | -€1,052 | -13.3% |
| Profit (loss) for the period | 9904 | €7,901 | €6,848 | -€1,052 | -13.3% |
| Profit (loss) for the period to be appropriated | 9905 | €7,901 | €6,848 | -€1,052 | -13.3% |
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 21 October 2026 via checked.be.