O2 HOLDING: 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.
What changed
O2 HOLDING
NACE 64.210, Activities of holding companies
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€471,912
2024 · -€1.1m+€1.6m
Equity
€81.6m
2024 · €81.1m+€471,912
Cash
€6.0m
2024 · €8.3m-€2.3m
Balance sheet total
€250.9m
2024 · €248.0m+€2.9m
Largest movements
Assets
- Current investments +€5.2m
up €5.2m (+3.9%), from €133.2m to €138.5m
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Financial charges -€1.2m
down €1.2m (-20.5%), from €5.6m to €4.5m
- Financial income +€680,870
up €680,870 (+15.0%), from €4.6m to €5.2m
- Services and other goods +€204,771
up €204,771 (+44.4%), from €461,151 to €665,922
- Write-downs +€125,024
new in 2025: €125,024
- Turnover +€102,328
up €102,328 (+11.6%), from €880,400 to €982,727
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.
Result 2024
-€1.1m
Turnover
+€102,328
Other operating income
+€650
Services and other goods
-€204,771
Staff costs
+€2,465
Depreciation
-€0
Write-downs
-€125,024
Other operating charges
-€7,075
Other operating items
-€548
Financial income
+€680,870
Financial charges
+€1.2m
Taxes
-€40,951
Result 2025
€471,912
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.
From operations
+€2.9m
Investment
-€5.2m
Financing
€0
Cash 2024
€8.3m
From operations (derived)
+€2.9m
Net result for the year
+€471,912
Depreciation
+€15,302
Receivables after one year
+€1.0m
Receivables within one year
-€1.0m
Deferred charges and accrued income
+€27,879
Trade debts
+€49,707
Tax, wage and social debts
+€45,239
Other debts
+€1.7m
Accrued charges and deferred income
+€625,505
Investment (derived)
-€5.2m
Current investments
-€5.2m
Cash 2025
€6.0m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €247,963,911 | €250,890,371 | +€2.9m | +1.2% |
| Fixed assets | 21/28 | €94,883,449 | €94,868,147 | -€15,302 | 0.0% |
| Tangible fixed assets | 22/27 | €56,233 | €40,931 | -€15,302 | -27.2% |
| Furniture and vehicles | 24 | €56,233 | €40,931 | -€15,302 | -27.2% |
| Financial fixed assets | 28 | €94,827,216 | €94,827,216 | = | 0.0% |
| Affiliated companies | 280/1 | €86,612,974 | €86,612,974 | = | 0.0% |
| Participating interests | 280 | €86,612,974 | €86,612,974 | = | 0.0% |
| Other financial fixed assets | 284/8 | €8,214,243 | €8,214,243 | = | 0.0% |
| Shares | 284 | €8,214,243 | €8,214,243 | = | 0.0% |
| Current assets | 29/58 | €153,080,461 | €156,022,224 | +€2.9m | +1.9% |
| Amounts receivable after more than one year | 29 | €5,000,000 | €4,000,000 | -€1.0m | -20.0% |
| Other amounts receivable | 291 | €5,000,000 | €4,000,000 | -€1.0m | -20.0% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €6,479,832 | €7,522,703 | +€1.0m | +16.1% |
| Trade receivables | 40 | €47,254 | €83,150 | +€35,896 | +76.0% |
| Other amounts receivable | 41 | €6,432,578 | €7,439,553 | +€1.0m | +15.7% |
| Current investments | 50/53 | €133,223,726 | €138,451,685 | +€5.2m | +3.9% |
| Other investments | 51/53 | €133,223,726 | €138,451,685 | +€5.2m | +3.9% |
| Cash at bank and in hand | 54/58 | €8,251,398 | €5,950,209 | -€2.3m | -27.9% |
| Deferred charges and accrued income | 490/1 | €125,506 | €97,627 | -€27,879 | -22.2% |
| Total equity and liabilities | 10/49 | €247,963,911 | €250,890,371 | +€2.9m | +1.2% |
| Equity | 10/15 | €81,087,541 | €81,559,453 | +€471,912 | +0.6% |
| Contributions | 10/11 | €85,466,091 | €85,466,091 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,378,550 | -€3,906,638 | +€471,912 | +10.8% |
| Amounts payable | 17/49 | €166,876,370 | €169,330,918 | +€2.5m | +1.5% |
| Amounts payable within one year | 42/48 | €166,876,020 | €168,705,064 | +€1.8m | +1.1% |
| Trade debts | 44 | €7,165 | €56,872 | +€49,707 | +693.8% |
| Suppliers | 440/4 | €7,165 | €56,872 | +€49,707 | +693.8% |
| Taxes, remuneration and social security | 45 | €39,397 | €84,636 | +€45,239 | +114.8% |
| Taxes | 450/3 | €10,892 | €23,676 | +€12,784 | +117.4% |
| Remuneration and social security | 454/9 | €28,505 | €60,960 | +€32,454 | +113.9% |
| Other amounts payable | 47/48 | €166,829,458 | €168,563,556 | +€1.7m | +1.0% |
| Accrued charges and deferred income | 492/3 | €350 | €625,854 | +€625,505 | +178955.9% |
| Operating income | 70/76A | €886,840 | €989,263 | +€102,423 | +11.5% |
| Turnover | 70 | €880,400 | €982,727 | +€102,328 | +11.6% |
| Other operating income | 74 | €5,886 | €6,535 | +€650 | +11.0% |
| Non-recurring operating income | 76A | €554 | €0 | -€554 | -100.0% |
| Operating charges | 60/66A | €872,488 | €1,206,886 | +€334,398 | +38.3% |
| Services and other goods | 61 | €461,151 | €665,922 | +€204,771 | +44.4% |
| Remuneration, social security and pensions | 62 | €339,226 | €336,761 | -€2,465 | -0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,302 | €15,302 | +€0 | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €125,024 | +€125,024 | |
| Other operating charges | 640/8 | €56,802 | €63,877 | +€7,075 | +12.5% |
| Non-recurring operating charges | 66A | €7 | €0 | -€7 | -100.0% |
| Operating profit (loss) | 9901 | €14,352 | -€217,623 | -€231,976 | |
| Financial income | 75/76B | €4,553,594 | €5,234,464 | +€680,870 | +15.0% |
| Recurring financial income | 75 | €4,553,594 | €5,234,464 | +€680,870 | +15.0% |
| Income from financial fixed assets | 750 | €2,044,296 | €579,131 | -€1.5m | -71.7% |
| Income from current assets | 751 | €1,919,229 | €3,983,543 | +€2.1m | +107.6% |
| Other financial income | 752/9 | €590,069 | €671,791 | +€81,722 | +13.8% |
| Financial charges | 65/66B | €5,607,433 | €4,456,097 | -€1.2m | -20.5% |
| Recurring financial charges | 65 | €5,607,433 | €4,456,097 | -€1.2m | -20.5% |
| Debt charges | 650 | €4,080,363 | €4,688,007 | +€607,644 | +14.9% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €1,445,581 | -€350,910 | -€1.8m | |
| Other financial charges | 652/9 | €81,490 | €118,999 | +€37,510 | +46.0% |
| Profit (loss) for the period before taxes | 9903 | -€1,039,487 | €560,744 | +€1.6m | |
| Income taxes | 67/77 | €47,881 | €88,832 | +€40,951 | +85.5% |
| Taxes | 670/3 | €47,881 | €88,832 | +€40,951 | +85.5% |
| Profit (loss) for the period | 9904 | -€1,087,367 | €471,912 | +€1.6m | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,087,367 | €471,912 | +€1.6m |
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 9 October 2026 via checked.be.