O'SHEEP: 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'SHEEP
Largest movements
- Receivables within one year -€28,827
down €28,827 (-68.3%), from €42,181 to €13,354
of which Trade receivables: -€31,435
- Cash +€10,977
up €10,977 (+138.8%), from €7,907 to €18,884
mainly Receivables within one year (+€28,827) and Net result for the year (+€11,351)
- Profit (loss) carried forward -€13,649
down €13,649 (-79.4%), from €17,187 to €3,539
- Tax, wage and social debts -€5,912
down €5,912 (-57.4%), from €10,305 to €4,393
- Accrued charges and deferred income +€3,775
up €3,775 (+52.3%), from €7,216 to €10,991
- Trade debts -€1,920
down €1,920 (-63.7%), from €3,014 to €1,094
- Gross operating margin -€15,489
down €15,489 (-44.0%), from €35,228 to €19,739
- Taxes -€2,647
down €2,647 (-39.5%), from €6,700 to €4,053
- Depreciation +€1,318
up €1,318 (+45.5%), from €2,896 to €4,214
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 | €65,734 | €48,016 | -€17,718 | -27.0% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €14,834 | €15,296 | +€462 | +3.1% |
| Tangible fixed assets | 22/27 | €14,584 | €15,046 | +€462 | +3.2% |
| Land and buildings | 22 | - | €3,770 | +€3,770 | |
| Plant, machinery and equipment | 23 | €5,438 | €5,281 | -€157 | -2.9% |
| Furniture and vehicles | 24 | €9,146 | €5,995 | -€3,150 | -34.4% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €50,901 | €32,720 | -€18,180 | -35.7% |
| Amounts receivable within one year | 40/41 | €42,181 | €13,354 | -€28,827 | -68.3% |
| Trade receivables | 40 | €41,168 | €9,733 | -€31,435 | -76.4% |
| Other amounts receivable | 41 | €1,013 | €3,622 | +€2,608 | +257.4% |
| Cash at bank and in hand | 54/58 | €7,907 | €18,884 | +€10,977 | +138.8% |
| Deferred charges and accrued income | 490/1 | €813 | €482 | -€330 | -40.7% |
| Total equity and liabilities | 10/49 | €65,734 | €48,016 | -€17,718 | -27.0% |
| Equity | 10/15 | €20,187 | €6,539 | -€13,649 | -67.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,187 | €3,539 | -€13,649 | -79.4% |
| Amounts payable | 17/49 | €45,547 | €41,478 | -€4,069 | -8.9% |
| Amounts payable within one year | 42/48 | €38,330 | €30,487 | -€7,843 | -20.5% |
| Financial debts | 43 | €12 | - | -€12 | |
| Credit institutions | 430/8 | €12 | - | -€12 | |
| Trade debts | 44 | €3,014 | €1,094 | -€1,920 | -63.7% |
| Suppliers | 440/4 | €3,014 | €1,094 | -€1,920 | -63.7% |
| Taxes, remuneration and social security | 45 | €10,305 | €4,393 | -€5,912 | -57.4% |
| Taxes | 450/3 | €10,305 | €4,393 | -€5,912 | -57.4% |
| Other amounts payable | 47/48 | €25,000 | €25,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €7,216 | €10,991 | +€3,775 | +52.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,896 | €4,214 | +€1,318 | +45.5% |
| Gross operating margin | 9900 | €35,228 | €19,739 | -€15,489 | -44.0% |
| Operating profit (loss) | 9901 | €32,332 | €15,525 | -€16,806 | -52.0% |
| Financial income | 75/76B | €0 | €36 | +€36 | +364200.0% |
| Recurring financial income | 75 | €0 | €36 | +€36 | +364200.0% |
| Financial charges | 65/66B | €302 | €157 | -€145 | -47.9% |
| Recurring financial charges | 65 | €175 | €157 | -€18 | -10.2% |
| Non-recurring financial charges | 66B | €127 | - | -€127 | |
| Profit (loss) for the period before taxes | 9903 | €32,030 | €15,404 | -€16,625 | -51.9% |
| Income taxes | 67/77 | €6,700 | €4,053 | -€2,647 | -39.5% |
| Profit (loss) for the period | 9904 | €25,329 | €11,351 | -€13,978 | -55.2% |
| Profit (loss) for the period to be appropriated | 9905 | €25,329 | €11,351 | -€13,978 | -55.2% |
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 12 October 2026 via checked.be.