O SERVICES GROUP: 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 SERVICES GROUP
Largest movements
- Stocks and contracts +€36,400
new in 2025: €36,400
- Receivables within one year -€18,872
down €18,872 (-13.6%), from €139,229 to €120,357
of which Trade receivables: -€31,116
- Tangible fixed assets +€14,388
up €14,388 (+135%), from €10,666 to €25,054
of which Furniture and vehicles: +€13,129
- Cash -€5,512
down €5,512 (-10.7%), from €51,725 to €46,213
mainly Stocks and contracts (-€36,400) and Investment in fixed assets (net) (-€24,599)
- Deferred charges and accrued income -€2,727
down €2,727 (-50.3%), from €5,427 to €2,700
- Tax, wage and social debts +€34,795
up €34,795 (+121%), from €28,671 to €63,466
of which Taxes: +€18,004
- Trade debts -€24,303
down €24,303 (-37.1%), from €65,573 to €41,269
- Advances received +€10,233
new in 2025: €10,233
- Gross operating margin +€140,819
up €140,819 (+84.2%), from €167,333 to €308,153
- Staff costs +€93,880
up €93,880 (+60.5%), from €155,289 to €249,169
- Taxes +€26,743
up €26,743 (+667%), from €4,010 to €30,753
- Other operating charges +€4,141
up €4,141 (+37.0%), from €11,201 to €15,342
- Depreciation +€3,725
up €3,725 (+52.2%), from €7,136 to €10,861
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 | €212,846 | €235,873 | +€23,027 | +10.8% |
| Fixed assets | 21/28 | €16,465 | €30,203 | +€13,738 | +83.4% |
| Intangible fixed assets | 21 | €3,900 | €3,250 | -€650 | -16.7% |
| Tangible fixed assets | 22/27 | €10,666 | €25,054 | +€14,388 | +135% |
| Plant, machinery and equipment | 23 | €520 | €1,779 | +€1,259 | +242% |
| Furniture and vehicles | 24 | €10,146 | €23,275 | +€13,129 | +129% |
| Financial fixed assets | 28 | €1,899 | €1,899 | = | 0.0% |
| Current assets | 29/58 | €196,382 | €205,670 | +€9,289 | +4.7% |
| Stocks and contracts in progress | 3 | - | €36,400 | +€36,400 | |
| Stocks | 30/36 | - | €36,400 | +€36,400 | |
| Amounts receivable within one year | 40/41 | €139,229 | €120,357 | -€18,872 | -13.6% |
| Trade receivables | 40 | €128,999 | €97,883 | -€31,116 | -24.1% |
| Other amounts receivable | 41 | €10,230 | €22,474 | +€12,244 | +120% |
| Cash at bank and in hand | 54/58 | €51,725 | €46,213 | -€5,512 | -10.7% |
| Deferred charges and accrued income | 490/1 | €5,427 | €2,700 | -€2,727 | -50.3% |
| Total equity and liabilities | 10/49 | €212,846 | €235,873 | +€23,027 | +10.8% |
| Equity | 10/15 | €118,584 | €120,905 | +€2,321 | +2.0% |
| Contributions | 10/11 | €9,100 | €9,100 | = | 0.0% |
| Reserves | 13 | €120,073 | €120,073 | = | 0.0% |
| Distributable reserves | 133 | €120,073 | €120,073 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,589 | -€8,268 | +€2,321 | +21.9% |
| Amounts payable | 17/49 | €94,263 | €114,969 | +€20,706 | +22.0% |
| Amounts payable within one year | 42/48 | €94,243 | €114,969 | +€20,725 | +22.0% |
| Trade debts | 44 | €65,573 | €41,269 | -€24,303 | -37.1% |
| Suppliers | 440/4 | €65,573 | €41,269 | -€24,303 | -37.1% |
| Advances received on contracts in progress | 46 | - | €10,233 | +€10,233 | |
| Taxes, remuneration and social security | 45 | €28,671 | €63,466 | +€34,795 | +121% |
| Taxes | 450/3 | €478 | €18,481 | +€18,004 | +3,769% |
| Remuneration and social security | 454/9 | €28,193 | €44,985 | +€16,792 | +59.6% |
| Accrued charges and deferred income | 492/3 | €19 | - | -€19 | |
| Remuneration, social security and pensions | 62 | €155,289 | €249,169 | +€93,880 | +60.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,136 | €10,861 | +€3,725 | +52.2% |
| Other operating charges | 640/8 | €11,201 | €15,342 | +€4,141 | +37.0% |
| Gross operating margin | 9900 | €167,333 | €308,153 | +€140,819 | +84.2% |
| Operating profit (loss) | 9901 | -€6,292 | €32,782 | +€39,074 | |
| Financial income | 75/76B | - | €708 | +€708 | |
| Recurring financial income | 75 | - | €708 | +€708 | |
| Financial charges | 65/66B | €288 | €416 | +€129 | +44.7% |
| Recurring financial charges | 65 | €288 | €416 | +€129 | +44.7% |
| Profit (loss) for the period before taxes | 9903 | -€6,579 | €33,074 | +€39,653 | |
| Income taxes | 67/77 | €4,010 | €30,753 | +€26,743 | +667% |
| Profit (loss) for the period | 9904 | -€10,589 | €2,321 | +€12,910 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,589 | €2,321 | +€12,910 |
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 19 October 2026 via checked.be.