O'SERVICES: what changed
Two fiscal 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'SERVICES
Largest movements
- Financial fixed assets +€78,310
up €78,310 (+489.4%), from €16,000 to €94,310
- Cash -€74,065
down €74,065 (-75.3%), from €98,356 to €24,291
mainly Trade debts (-€67,951) and Debts after one year (-€32,273)
- Tangible fixed assets -€72,770
down €72,770 (-86.7%), from €83,966 to €11,196
of which Furniture and vehicles: -€73,321
- Receivables within one year -€21,045
down €21,045 (-12.5%), from €168,335 to €147,289
of which Trade receivables: -€35,386
- Deferred charges and accrued income -€5,342
down €5,342 (-100.0%), from €5,342 to €0
- Trade debts -€67,951
down €67,951 (-69.1%), from €98,364 to €30,413
- Debts after one year -€32,273
down €32,273 (-44.8%), from €71,975 to €39,703
- Profit (loss) carried forward +€29,213
up €29,213 (+28.6%), from €102,135 to €131,348
- Tax, wage and social debts -€18,735
down €18,735 (-65.2%), from €28,743 to €10,008
- Write-downs +€46,157
up €46,157, from -€18,258 to €27,899
- Depreciation -€30,327
down €30,327 (-74.5%), from €40,683 to €10,357
- Other operating charges -€16,225
down €16,225 (-84.7%), from €19,163 to €2,939
- Gross operating margin -€10,051
down €10,051 (-9.9%), from €101,317 to €91,266
- Taxes +€4,616
up €4,616 (+42.1%), from €10,961 to €15,577
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.
Cash bridge derived
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 | €396,223 | €301,503 | -€94,719 | -23.9% |
| Fixed assets | 21/28 | €99,966 | €105,506 | +€5,540 | +5.5% |
| Tangible fixed assets | 22/27 | €83,966 | €11,196 | -€72,770 | -86.7% |
| Plant, machinery and equipment | 23 | - | €551 | +€551 | |
| Furniture and vehicles | 24 | €83,966 | €10,644 | -€73,321 | -87.3% |
| Financial fixed assets | 28 | €16,000 | €94,310 | +€78,310 | +489.4% |
| Current assets | 29/58 | €296,257 | €195,997 | -€100,260 | -33.8% |
| Amounts receivable within one year | 40/41 | €168,335 | €147,289 | -€21,045 | -12.5% |
| Trade receivables | 40 | €141,366 | €105,980 | -€35,386 | -25.0% |
| Other amounts receivable | 41 | €26,968 | €41,309 | +€14,341 | +53.2% |
| Current investments | 50/53 | €24,224 | €24,417 | +€193 | +0.8% |
| Cash at bank and in hand | 54/58 | €98,356 | €24,291 | -€74,065 | -75.3% |
| Deferred charges and accrued income | 490/1 | €5,342 | €0 | -€5,342 | -100.0% |
| Total equity and liabilities | 10/49 | €396,223 | €301,503 | -€94,719 | -23.9% |
| Equity | 10/15 | €134,135 | €163,348 | +€29,213 | +21.8% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Reserves | 13 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €102,135 | €131,348 | +€29,213 | +28.6% |
| Amounts payable | 17/49 | €262,087 | €138,155 | -€123,932 | -47.3% |
| Amounts payable after more than one year | 17 | €71,975 | €39,703 | -€32,273 | -44.8% |
| Financial debts | 170/4 | €71,975 | €39,703 | -€32,273 | -44.8% |
| Amounts payable within one year | 42/48 | €190,112 | €98,452 | -€91,660 | -48.2% |
| Current portion of amounts payable after more than one year | 42 | €37,948 | €34,452 | -€3,496 | -9.2% |
| Financial debts | 43 | €410 | €20 | -€390 | -95.1% |
| Credit institutions | 430/8 | €410 | €20 | -€390 | -95.1% |
| Trade debts | 44 | €98,364 | €30,413 | -€67,951 | -69.1% |
| Suppliers | 440/4 | €98,364 | €30,413 | -€67,951 | -69.1% |
| Taxes, remuneration and social security | 45 | €28,743 | €10,008 | -€18,735 | -65.2% |
| Taxes | 450/3 | €28,743 | €10,008 | -€18,735 | -65.2% |
| Other amounts payable | 47/48 | €24,647 | €23,560 | -€1,087 | -4.4% |
| Non-recurring operating income | 76A | - | €13,623 | +€13,623 | |
| Remuneration, social security and pensions | 62 | €1,210 | €0 | -€1,210 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,683 | €10,357 | -€30,327 | -74.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€18,258 | €27,899 | +€46,157 | |
| Other operating charges | 640/8 | €19,163 | €2,939 | -€16,225 | -84.7% |
| Non-recurring operating charges | 66A | €16,790 | €0 | -€16,790 | -100.0% |
| Gross operating margin | 9900 | €101,317 | €91,266 | -€10,051 | -9.9% |
| Operating profit (loss) | 9901 | €41,727 | €50,071 | +€8,344 | +20.0% |
| Financial income | 75/76B | €302 | €1,945 | +€1,643 | +544.3% |
| Recurring financial income | 75 | €302 | €1,945 | +€1,643 | +544.3% |
| Financial charges | 65/66B | €8,448 | €7,226 | -€1,222 | -14.5% |
| Recurring financial charges | 65 | €8,448 | €7,226 | -€1,222 | -14.5% |
| Profit (loss) for the period before taxes | 9903 | €33,581 | €44,790 | +€11,209 | +33.4% |
| Income taxes | 67/77 | €10,961 | €15,577 | +€4,616 | +42.1% |
| Profit (loss) for the period | 9904 | €22,620 | €29,213 | +€6,593 | +29.1% |
| Profit (loss) for the period to be appropriated | 9905 | €22,620 | €29,213 | +€6,593 | +29.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.