O' sesoir: 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' sesoir
Largest movements
- Receivables within one year -€48,993
down €48,993 (-95.9%), from €51,101 to €2,108
of which Trade receivables: -€48,931
- Stocks and contracts +€35,012
up €35,012 (+10.8%), from €323,697 to €358,709
- Cash +€34,678
up €34,678 (+39.4%), from €87,915 to €122,593
mainly Receivables within one year (+€48,993) and Depreciation (+€45,747)
- Tangible fixed assets -€31,774
down €31,774 (-3.9%), from €805,968 to €774,194
of which Land and buildings: -€36,941
- Trade debts -€38,802
down €38,802 (-70.8%), from €54,790 to €15,988
- Profit (loss) carried forward +€16,270
up €16,270 (+5.4%), from -€302,226 to -€285,956
- Gross operating margin +€16,542
up €16,542 (+11.2%), from €147,499 to €164,040
- Depreciation -€7,965
down €7,965 (-14.8%), from €53,712 to €45,747
- Staff costs +€1,766
up €1,766 (+1.7%), from €105,833 to €107,599
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 | €1,278,639 | €1,265,649 | -€12,991 | -1.0% |
| Fixed assets | 21/28 | €814,462 | €780,203 | -€34,260 | -4.2% |
| Intangible fixed assets | 21 | €8,269 | €5,784 | -€2,486 | -30.1% |
| Tangible fixed assets | 22/27 | €805,968 | €774,194 | -€31,774 | -3.9% |
| Land and buildings | 22 | €790,546 | €753,605 | -€36,941 | -4.7% |
| Plant, machinery and equipment | 23 | €8,224 | €11,808 | +€3,584 | +43.6% |
| Furniture and vehicles | 24 | €7,198 | €8,781 | +€1,582 | +22.0% |
| Financial fixed assets | 28 | €225 | €225 | = | 0.0% |
| Current assets | 29/58 | €464,177 | €485,446 | +€21,269 | +4.6% |
| Stocks and contracts in progress | 3 | €323,697 | €358,709 | +€35,012 | +10.8% |
| Stocks | 30/36 | €323,697 | €358,709 | +€35,012 | +10.8% |
| Amounts receivable within one year | 40/41 | €51,101 | €2,108 | -€48,993 | -95.9% |
| Trade receivables | 40 | €51,039 | €2,108 | -€48,931 | -95.9% |
| Other amounts receivable | 41 | €62 | €0 | -€62 | -100% |
| Cash at bank and in hand | 54/58 | €87,915 | €122,593 | +€34,678 | +39.4% |
| Deferred charges and accrued income | 490/1 | €1,464 | €2,036 | +€572 | +39.1% |
| Total equity and liabilities | 10/49 | €1,278,639 | €1,265,649 | -€12,991 | -1.0% |
| Equity | 10/15 | €197,774 | €214,044 | +€16,270 | +8.2% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€302,226 | -€285,956 | +€16,270 | +5.4% |
| Amounts payable | 17/49 | €1,080,866 | €1,051,605 | -€29,261 | -2.7% |
| Amounts payable after more than one year | 17 | €900,000 | €900,000 | = | 0.0% |
| Other amounts payable | 178/9 | €900,000 | €900,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €180,866 | €151,605 | -€29,261 | -16.2% |
| Trade debts | 44 | €54,790 | €15,988 | -€38,802 | -70.8% |
| Suppliers | 440/4 | €54,790 | €15,988 | -€38,802 | -70.8% |
| Taxes, remuneration and social security | 45 | €40,200 | €44,979 | +€4,780 | +11.9% |
| Taxes | 450/3 | €8,307 | €13,612 | +€5,305 | +63.9% |
| Remuneration and social security | 454/9 | €31,893 | €31,368 | -€525 | -1.6% |
| Other amounts payable | 47/48 | €85,876 | €90,637 | +€4,761 | +5.5% |
| Remuneration, social security and pensions | 62 | €105,833 | €107,599 | +€1,766 | +1.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,712 | €45,747 | -€7,965 | -14.8% |
| Other operating charges | 640/8 | €4,889 | €4,754 | -€135 | -2.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €147,499 | €164,040 | +€16,542 | +11.2% |
| Operating profit (loss) | 9901 | -€16,936 | €5,939 | +€22,875 | |
| Financial income | 75/76B | €11,128 | €10,609 | -€518 | -4.7% |
| Recurring financial income | 75 | €11,128 | €10,609 | -€518 | -4.7% |
| Financial charges | 65/66B | €310 | €278 | -€32 | -10.2% |
| Recurring financial charges | 65 | €310 | €278 | -€32 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | -€6,118 | €16,270 | +€22,388 | |
| Profit (loss) for the period | 9904 | -€6,118 | €16,270 | +€22,388 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,118 | €16,270 | +€22,388 |
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 29 October 2026 via checked.be.