O.S.I.: 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.S.I.
Largest movements
- Receivables within one year +€148,293
up €148,293 (+394%), from €37,653 to €185,945
of which Trade receivables: +€74,608
- Tangible fixed assets -€59,198
down €59,198 (-8.2%), from €719,088 to €659,890
of which Land and buildings: -€64,360
- Intangible fixed assets +€58,781
new in 2024: €58,781
- Reserves +€351,430
up €351,430 (+11,336%), from €3,100 to €354,530
of which Tax-exempt reserves: +€351,430
- Short-term financial debts -€118,517
no longer reported in 2024 (was €118,517)
of which Other loans: -€118,500
- Provisions +€117,143
up €117,143 (+9,327%), from €1,256 to €118,399
of which Deferred taxes: +€117,143
- Profit (loss) carried forward -€78,017
down €78,017 (-91.7%), from -€85,074 to -€163,091
- Debts after one year -€61,551
down €61,551 (-11.3%), from €543,067 to €481,516
of which Financial debts: -€59,901
- Gross operating margin +€11,534
up €11,534 (+28.3%), from €40,804 to €52,338
- Depreciation +€10,555
up €10,555 (+23.7%), from €44,455 to €55,010
- Financial income +€3,798
new in 2024: €3,798
- Financial charges -€2,151
down €2,151 (-10.8%), from €19,878 to €17,727
- Other operating charges +€1,108
up €1,108 (+11.5%), from €9,603 to €10,710
From the 2022 result to the 2024 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2022 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €758,067 | €911,299 | +€153,232 | +20.2% |
| Fixed assets | 21/28 | €719,088 | €718,671 | -€418 | -0.1% |
| Intangible fixed assets | 21 | - | €58,781 | +€58,781 | |
| Tangible fixed assets | 22/27 | €719,088 | €659,890 | -€59,198 | -8.2% |
| Land and buildings | 22 | €713,709 | €649,349 | -€64,360 | -9.0% |
| Plant, machinery and equipment | 23 | €5,379 | €6,509 | +€1,130 | +21.0% |
| Furniture and vehicles | 24 | - | €4,032 | +€4,032 | |
| Current assets | 29/58 | €38,979 | €192,628 | +€153,649 | +394% |
| Amounts receivable within one year | 40/41 | €37,653 | €185,945 | +€148,293 | +394% |
| Trade receivables | 40 | €33,575 | €108,183 | +€74,608 | +222% |
| Other amounts receivable | 41 | €4,078 | €77,763 | +€73,685 | +1,807% |
| Cash at bank and in hand | 54/58 | €706 | €2,598 | +€1,892 | +268% |
| Deferred charges and accrued income | 490/1 | €620 | €4,085 | +€3,464 | +559% |
| Total equity and liabilities | 10/49 | €758,067 | €911,299 | +€153,232 | +20.2% |
| Equity | 10/15 | -€50,974 | €222,439 | +€273,413 | |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Capital | 10 | €31,000 | - | -€31,000 | |
| Issued capital | 100 | €31,000 | - | -€31,000 | |
| Contributions outside capital | 11 | - | €31,000 | +€31,000 | |
| Share premium | 1100/10 | - | €31,000 | +€31,000 | |
| Reserves | 13 | €3,100 | €354,530 | +€351,430 | +11,336% |
| Non-distributable reserves | 130/1 | €3,100 | - | -€3,100 | |
| Legal reserve | 130 | €3,100 | - | -€3,100 | |
| Tax-exempt reserves | 132 | - | €351,430 | +€351,430 | |
| Distributable reserves | 133 | - | €3,100 | +€3,100 | |
| Profit (loss) carried forward | 14 | -€85,074 | -€163,091 | -€78,017 | -91.7% |
| Provisions and deferred taxes | 16 | €1,256 | €118,399 | +€117,143 | +9,327% |
| Provisions for liabilities and charges | 160/5 | €1,256 | €1,256 | = | 0.0% |
| Taxes | 161 | €1,256 | €1,256 | = | 0.0% |
| Deferred taxes | 168 | - | €117,143 | +€117,143 | |
| Amounts payable | 17/49 | €807,785 | €570,461 | -€237,324 | -29.4% |
| Amounts payable after more than one year | 17 | €543,067 | €481,516 | -€61,551 | -11.3% |
| Financial debts | 170/4 | €541,417 | €481,516 | -€59,901 | -11.1% |
| Other amounts payable | 178/9 | €1,650 | - | -€1,650 | |
| Amounts payable within one year | 42/48 | €264,719 | €88,945 | -€175,774 | -66.4% |
| Current portion of amounts payable after more than one year | 42 | €31,470 | €34,076 | +€2,606 | +8.3% |
| Financial debts | 43 | €118,517 | - | -€118,517 | |
| Credit institutions | 430/8 | €17 | - | -€17 | |
| Other loans | 439 | €118,500 | - | -€118,500 | |
| Trade debts | 44 | €60,953 | €43,044 | -€17,909 | -29.4% |
| Suppliers | 440/4 | €60,953 | €43,044 | -€17,909 | -29.4% |
| Taxes, remuneration and social security | 45 | - | €11,825 | +€11,825 | |
| Taxes | 450/3 | - | €11,825 | +€11,825 | |
| Other amounts payable | 47/48 | €53,779 | - | -€53,779 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,455 | €55,010 | +€10,555 | +23.7% |
| Other operating charges | 640/8 | €9,603 | €10,710 | +€1,108 | +11.5% |
| Gross operating margin | 9900 | €40,804 | €52,338 | +€11,534 | +28.3% |
| Operating profit (loss) | 9901 | -€13,253 | -€13,383 | -€129 | -1.0% |
| Financial income | 75/76B | - | €3,798 | +€3,798 | |
| Recurring financial income | 75 | - | €3,798 | +€3,798 | |
| Financial charges | 65/66B | €19,878 | €17,727 | -€2,151 | -10.8% |
| Recurring financial charges | 65 | €19,878 | €17,727 | -€2,151 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | -€33,131 | -€27,312 | +€5,819 | +17.6% |
| Transfer from deferred taxes | 780 | - | €2,737 | +€2,737 | |
| Income taxes | 67/77 | - | €2 | +€2 | |
| Profit (loss) for the period | 9904 | -€33,131 | -€24,576 | +€8,555 | +25.8% |
| Transfer from tax-exempt reserves | 789 | - | €8,212 | +€8,212 | |
| Profit (loss) for the period to be appropriated | 9905 | -€33,131 | -€16,364 | +€16,767 | +50.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.