O TREMENT BON: 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 TREMENT BON
Largest movements
- Receivables within one year +€25,035
up €25,035 (+35.2%), from €71,090 to €96,124
of which Other amounts receivable: +€20,081
- Cash +€15,119
up €15,119 (+198%), from €7,652 to €22,770
mainly Net result for the year (+€36,196) and Depreciation (+€18,800)
- Tangible fixed assets -€8,187
down €8,187 (-7.8%), from €104,475 to €96,287
- Deferred charges and accrued income -€7,498
down €7,498 (-95.3%), from €7,868 to €370
- Reserves +€36,196
up €36,196 (+81.4%), from €44,460 to €80,656
- Current portion of long-term debt -€8,512
down €8,512 (-50.7%), from €16,776 to €8,265
- Trade debts -€7,950
down €7,950 (-16.3%), from €48,737 to €40,787
- Tax, wage and social debts +€3,966
up €3,966 (+19.3%), from €20,523 to €24,489
- Gross operating margin -€13,577
down €13,577 (-13.5%), from €100,849 to €87,272
- Staff costs -€9,359
down €9,359 (-66.9%), from €13,981 to €4,622
- Depreciation +€3,501
up €3,501 (+22.9%), from €15,299 to €18,800
- Other operating charges +€2,141
up €2,141 (+62.5%), from €3,426 to €5,567
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 | €191,684 | €216,288 | +€24,604 | +12.8% |
| Fixed assets | 21/28 | €104,475 | €96,287 | -€8,187 | -7.8% |
| Tangible fixed assets | 22/27 | €104,475 | €96,287 | -€8,187 | -7.8% |
| Plant, machinery and equipment | 23 | €14,630 | €13,402 | -€1,229 | -8.4% |
| Furniture and vehicles | 24 | €8,821 | €4,862 | -€3,959 | -44.9% |
| Other tangible fixed assets | 26 | €81,023 | €78,024 | -€3,000 | -3.7% |
| Current assets | 29/58 | €87,209 | €120,000 | +€32,791 | +37.6% |
| Stocks and contracts in progress | 3 | €600 | €736 | +€136 | +22.6% |
| Stocks | 30/36 | €600 | €736 | +€136 | +22.6% |
| Amounts receivable within one year | 40/41 | €71,090 | €96,124 | +€25,035 | +35.2% |
| Trade receivables | 40 | €53,170 | €58,124 | +€4,953 | +9.3% |
| Other amounts receivable | 41 | €17,919 | €38,001 | +€20,081 | +112% |
| Cash at bank and in hand | 54/58 | €7,652 | €22,770 | +€15,119 | +198% |
| Deferred charges and accrued income | 490/1 | €7,868 | €370 | -€7,498 | -95.3% |
| Total equity and liabilities | 10/49 | €191,684 | €216,288 | +€24,604 | +12.8% |
| Equity | 10/15 | €54,460 | €90,656 | +€36,196 | +66.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €44,460 | €80,656 | +€36,196 | +81.4% |
| Distributable reserves | 133 | €44,460 | €80,656 | +€36,196 | +81.4% |
| Amounts payable | 17/49 | €137,223 | €125,632 | -€11,592 | -8.4% |
| Amounts payable after more than one year | 17 | €51,187 | €52,091 | +€904 | +1.8% |
| Financial debts | 170/4 | €51,187 | €52,091 | +€904 | +1.8% |
| Amounts payable within one year | 42/48 | €86,036 | €73,541 | -€12,495 | -14.5% |
| Current portion of amounts payable after more than one year | 42 | €16,776 | €8,265 | -€8,512 | -50.7% |
| Trade debts | 44 | €48,737 | €40,787 | -€7,950 | -16.3% |
| Suppliers | 440/4 | €48,737 | €40,787 | -€7,950 | -16.3% |
| Taxes, remuneration and social security | 45 | €20,523 | €24,489 | +€3,966 | +19.3% |
| Taxes | 450/3 | €20,523 | €24,489 | +€3,966 | +19.3% |
| Remuneration, social security and pensions | 62 | €13,981 | €4,622 | -€9,359 | -66.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,299 | €18,800 | +€3,501 | +22.9% |
| Other operating charges | 640/8 | €3,426 | €5,567 | +€2,141 | +62.5% |
| Gross operating margin | 9900 | €100,849 | €87,272 | -€13,577 | -13.5% |
| Operating profit (loss) | 9901 | €68,144 | €58,283 | -€9,861 | -14.5% |
| Financial income | 75/76B | - | €220 | +€220 | |
| Recurring financial income | 75 | - | €220 | +€220 | |
| Financial charges | 65/66B | €7,134 | €6,717 | -€417 | -5.8% |
| Recurring financial charges | 65 | €4,637 | €6,717 | +€2,080 | +44.9% |
| Non-recurring financial charges | 66B | €2,497 | - | -€2,497 | |
| Profit (loss) for the period before taxes | 9903 | €61,009 | €51,786 | -€9,224 | -15.1% |
| Income taxes | 67/77 | €16,549 | €15,590 | -€959 | -5.8% |
| Profit (loss) for the period | 9904 | €44,460 | €36,196 | -€8,265 | -18.6% |
| Profit (loss) for the period to be appropriated | 9905 | €44,460 | €36,196 | -€8,265 | -18.6% |
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 30 October 2026 via checked.be.