O2 FINANCE: what changed
O2 FINANCE
Largest movements
- Current investments +€180,000
new in 2025: €180,000
- Receivables within one year -€68,913
down €68,913 (-15.8%), from €437,255 to €368,343
of which Trade receivables: -€82,672
- Cash +€27,617
up €27,617 (+12.5%), from €221,456 to €249,073
mainly Net result for the year (+€518,565) and Receivables within one year (+€68,913)
- Profit (loss) carried forward +€518,565
up €518,565 (+1,157%), from €44,817 to €563,381
- Other debts -€248,433
down €248,433 (-100.0%), from €248,467 to €34
- Trade debts -€154,909
down €154,909 (-59.2%), from €261,539 to €106,629
- Accrued charges and deferred income +€44,572
up €44,572 (+8,914%), from €500 to €45,072
- Tax, wage and social debts -€20,534
down €20,534 (-22.5%), from €91,330 to €70,796
of which Taxes: -€21,690
- Gross operating margin +€439,726
up €439,726 (+71.3%), from €616,393 to €1.1m
- Staff costs +€86,899
up €86,899 (+31.7%), from €274,232 to €361,131
- Taxes +€84,784
up €84,784 (+98.9%), from €85,745 to €170,529
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €667,112 | €806,372 | +€139,260 | +20.9% |
| Fixed assets | 21/28 | €6,636 | €6,450 | -€186 | -2.8% |
| Tangible fixed assets | 22/27 | €5,661 | €4,310 | -€1,351 | -23.9% |
| Plant, machinery and equipment | 23 | €5,661 | €4,310 | -€1,351 | -23.9% |
| Financial fixed assets | 28 | €975 | €2,140 | +€1,165 | +120% |
| Current assets | 29/58 | €660,476 | €799,922 | +€139,446 | +21.1% |
| Amounts receivable within one year | 40/41 | €437,255 | €368,343 | -€68,913 | -15.8% |
| Trade receivables | 40 | €436,370 | €353,697 | -€82,672 | -18.9% |
| Other amounts receivable | 41 | €886 | €14,645 | +€13,760 | +1,553% |
| Current investments | 50/53 | - | €180,000 | +€180,000 | |
| Cash at bank and in hand | 54/58 | €221,456 | €249,073 | +€27,617 | +12.5% |
| Deferred charges and accrued income | 490/1 | €1,765 | €2,506 | +€741 | +42.0% |
| Total equity and liabilities | 10/49 | €667,112 | €806,372 | +€139,260 | +20.9% |
| Equity | 10/15 | €65,277 | €583,841 | +€518,565 | +794% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,817 | €563,381 | +€518,565 | +1,157% |
| Amounts payable | 17/49 | €601,836 | €222,531 | -€379,305 | -63.0% |
| Amounts payable within one year | 42/48 | €601,336 | €177,459 | -€423,876 | -70.5% |
| Trade debts | 44 | €261,539 | €106,629 | -€154,909 | -59.2% |
| Suppliers | 440/4 | €261,539 | €106,629 | -€154,909 | -59.2% |
| Taxes, remuneration and social security | 45 | €91,330 | €70,796 | -€20,534 | -22.5% |
| Taxes | 450/3 | €54,775 | €33,085 | -€21,690 | -39.6% |
| Remuneration and social security | 454/9 | €36,555 | €37,711 | +€1,156 | +3.2% |
| Other amounts payable | 47/48 | €248,467 | €34 | -€248,433 | -100.0% |
| Accrued charges and deferred income | 492/3 | €500 | €45,072 | +€44,572 | +8,914% |
| Remuneration, social security and pensions | 62 | €274,232 | €361,131 | +€86,899 | +31.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €586 | €1,351 | +€765 | +130% |
| Other operating charges | 640/8 | €589 | €510 | -€78 | -13.3% |
| Gross operating margin | 9900 | €616,393 | €1,056,119 | +€439,726 | +71.3% |
| Operating profit (loss) | 9901 | €340,986 | €693,126 | +€352,141 | +103% |
| Financial income | 75/76B | €207 | €598 | +€391 | +189% |
| Recurring financial income | 75 | €207 | €598 | +€391 | +189% |
| Financial charges | 65/66B | €7,014 | €4,631 | -€2,384 | -34.0% |
| Recurring financial charges | 65 | €7,014 | €4,631 | -€2,384 | -34.0% |
| Profit (loss) for the period before taxes | 9903 | €334,178 | €689,094 | +€354,916 | +106% |
| Income taxes | 67/77 | €85,745 | €170,529 | +€84,784 | +98.9% |
| Profit (loss) for the period | 9904 | €248,433 | €518,565 | +€270,132 | +109% |
| Profit (loss) for the period to be appropriated | 9905 | €248,433 | €518,565 | +€270,132 | +109% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.