O&R SERVICES: 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&R SERVICES
Largest movements
- Cash -€24,536
down €24,536 (-46.7%), from €52,572 to €28,036
mainly Contributions, distributions and other (-€35,000) and Receivables within one year (-€19,032)
- Receivables within one year +€19,032
up €19,032 (+166%), from €11,496 to €30,528
of which Trade receivables: +€21,199
- Tangible fixed assets -€10,027
down €10,027 (-89.3%), from €11,227 to €1,200
- Deferred charges and accrued income +€1,715
up €1,715 (+216%), from €795 to €2,510
- Other debts -€18,482
down €18,482 (-44.3%), from €41,761 to €23,279
- Tax, wage and social debts +€3,893
up €3,893 (+28.2%), from €13,811 to €17,704
- Depreciation -€6,475
down €6,475 (-73.9%), from €8,758 to €2,283
- Gross operating margin +€5,285
up €5,285 (+10.8%), from €48,889 to €54,174
- Financial charges +€1,245
up €1,245 (+72.7%), from €1,713 to €2,958
- Other operating charges +€711
up €711 (+35.4%), from €2,009 to €2,720
- Taxes -€560
down €560 (-5.0%), from €11,311 to €10,751
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 | €76,091 | €62,274 | -€13,817 | -18.2% |
| Fixed assets | 21/28 | €11,227 | €1,200 | -€10,027 | -89.3% |
| Tangible fixed assets | 22/27 | €11,227 | €1,200 | -€10,027 | -89.3% |
| Furniture and vehicles | 24 | €11,227 | €1,200 | -€10,027 | -89.3% |
| Current assets | 29/58 | €64,863 | €61,074 | -€3,790 | -5.8% |
| Amounts receivable within one year | 40/41 | €11,496 | €30,528 | +€19,032 | +166% |
| Trade receivables | 40 | €9,269 | €30,468 | +€21,199 | +229% |
| Other amounts receivable | 41 | €2,227 | €60 | -€2,167 | -97.3% |
| Cash at bank and in hand | 54/58 | €52,572 | €28,036 | -€24,536 | -46.7% |
| Deferred charges and accrued income | 490/1 | €795 | €2,510 | +€1,715 | +216% |
| Total equity and liabilities | 10/49 | €76,091 | €62,274 | -€13,817 | -18.2% |
| Equity | 10/15 | €20,460 | €20,923 | +€463 | +2.3% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €463 | +€463 | |
| Amounts payable | 17/49 | €55,631 | €41,351 | -€14,280 | -25.7% |
| Amounts payable within one year | 42/48 | €55,631 | €41,351 | -€14,280 | -25.7% |
| Trade debts | 44 | €59 | €367 | +€309 | +526% |
| Suppliers | 440/4 | €59 | €367 | +€309 | +526% |
| Taxes, remuneration and social security | 45 | €13,811 | €17,704 | +€3,893 | +28.2% |
| Taxes | 450/3 | €13,811 | €17,704 | +€3,893 | +28.2% |
| Other amounts payable | 47/48 | €41,761 | €23,279 | -€18,482 | -44.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,758 | €2,283 | -€6,475 | -73.9% |
| Other operating charges | 640/8 | €2,009 | €2,720 | +€711 | +35.4% |
| Gross operating margin | 9900 | €48,889 | €54,174 | +€5,285 | +10.8% |
| Operating profit (loss) | 9901 | €38,122 | €49,172 | +€11,050 | +29.0% |
| Financial charges | 65/66B | €1,713 | €2,958 | +€1,245 | +72.7% |
| Recurring financial charges | 65 | €1,713 | €2,958 | +€1,245 | +72.7% |
| Profit (loss) for the period before taxes | 9903 | €36,409 | €46,214 | +€9,805 | +26.9% |
| Income taxes | 67/77 | €11,311 | €10,751 | -€560 | -5.0% |
| Profit (loss) for the period | 9904 | €25,098 | €35,463 | +€10,365 | +41.3% |
| Profit (loss) for the period to be appropriated | 9905 | €25,098 | €35,463 | +€10,365 | +41.3% |
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 16 October 2026 via checked.be.