O.Z. BELGIUM ACTIVITY: 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.Z. BELGIUM ACTIVITY
Largest movements
- Stocks and contracts +€11,824
up €11,824 (+34.7%), from €34,061 to €45,885
- Receivables within one year +€6,005
up €6,005 (+98.0%), from €6,129 to €12,133
of which Trade receivables: +€3,802
- Tangible fixed assets +€1,247
up €1,247 (+309%), from €403 to €1,650
of which Furniture and vehicles: +€1,573
- Deferred charges and accrued income -€1,014
down €1,014 (-98.0%), from €1,035 to €21
- Profit (loss) carried forward +€24,859
up €24,859 (+77.5%), from -€32,058 to -€7,199
- Tax, wage and social debts -€11,501
down €11,501 (-59.6%), from €19,300 to €7,799
of which Taxes: -€11,924
- Other debts +€4,693
up €4,693 (+46.9%), from €10,000 to €14,693
- Trade debts -€997
down €997 (-2.0%), from €49,748 to €48,751
- Gross operating margin +€36,798
up €36,798 (+74.6%), from €49,329 to €86,126
- Other operating charges -€30,260
down €30,260 (-98.3%), from €30,776 to €516
- Financial charges +€3,626
up €3,626 (+27.2%), from €13,340 to €16,966
- Staff costs -€1,564
down €1,564 (-3.5%), from €44,596 to €43,032
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 | €67,451 | €84,504 | +€17,053 | +25.3% |
| Fixed assets | 21/28 | €18,778 | €19,650 | +€872 | +4.6% |
| Tangible fixed assets | 22/27 | €403 | €1,650 | +€1,247 | +309% |
| Plant, machinery and equipment | 23 | €326 | - | -€326 | |
| Furniture and vehicles | 24 | €77 | €1,650 | +€1,573 | +2,049% |
| Financial fixed assets | 28 | €18,375 | €18,000 | -€375 | -2.0% |
| Current assets | 29/58 | €48,672 | €64,854 | +€16,182 | +33.2% |
| Stocks and contracts in progress | 3 | €34,061 | €45,885 | +€11,824 | +34.7% |
| Stocks | 30/36 | €34,061 | €45,885 | +€11,824 | +34.7% |
| Amounts receivable within one year | 40/41 | €6,129 | €12,133 | +€6,005 | +98.0% |
| Trade receivables | 40 | €116 | €3,918 | +€3,802 | +3,274% |
| Other amounts receivable | 41 | €6,013 | €8,215 | +€2,203 | +36.6% |
| Cash at bank and in hand | 54/58 | €7,448 | €6,815 | -€632 | -8.5% |
| Deferred charges and accrued income | 490/1 | €1,035 | €21 | -€1,014 | -98.0% |
| Total equity and liabilities | 10/49 | €67,451 | €84,504 | +€17,053 | +25.3% |
| Equity | 10/15 | -€11,598 | €13,261 | +€24,859 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,058 | -€7,199 | +€24,859 | +77.5% |
| Amounts payable | 17/49 | €79,048 | €71,243 | -€7,805 | -9.9% |
| Amounts payable within one year | 42/48 | €79,048 | €71,243 | -€7,805 | -9.9% |
| Trade debts | 44 | €49,748 | €48,751 | -€997 | -2.0% |
| Suppliers | 440/4 | €49,748 | €48,751 | -€997 | -2.0% |
| Taxes, remuneration and social security | 45 | €19,300 | €7,799 | -€11,501 | -59.6% |
| Taxes | 450/3 | €14,274 | €2,349 | -€11,924 | -83.5% |
| Remuneration and social security | 454/9 | €5,026 | €5,449 | +€423 | +8.4% |
| Other amounts payable | 47/48 | €10,000 | €14,693 | +€4,693 | +46.9% |
| Remuneration, social security and pensions | 62 | €44,596 | €43,032 | -€1,564 | -3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €838 | €754 | -€84 | -10.0% |
| Other operating charges | 640/8 | €30,776 | €516 | -€30,260 | -98.3% |
| Gross operating margin | 9900 | €49,329 | €86,126 | +€36,798 | +74.6% |
| Operating profit (loss) | 9901 | -€26,882 | €41,824 | +€68,706 | |
| Financial income | 75/76B | €0 | €0 | +€0 | +100% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +100% |
| Financial charges | 65/66B | €13,340 | €16,966 | +€3,626 | +27.2% |
| Recurring financial charges | 65 | €13,340 | €16,966 | +€3,626 | +27.2% |
| Profit (loss) for the period before taxes | 9903 | -€40,221 | €24,859 | +€65,080 | |
| Income taxes | 67/77 | €302 | - | -€302 | |
| Profit (loss) for the period | 9904 | -€40,523 | €24,859 | +€65,381 | |
| Profit (loss) for the period to be appropriated | 9905 | -€40,523 | €24,859 | +€65,381 |
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 14 October 2026 via checked.be.