O2 PARTNERS: 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.
O2 PARTNERS
Largest movements
- Cash +€70,219
up €70,219 (+106.5%), from €65,927 to €136,146
mainly Current portion of long-term debt (+€99,808) and Receivables within one year (+€65,941)
- Receivables within one year -€65,941
down €65,941 (-22.6%), from €292,168 to €226,227
of which Trade receivables: -€62,126
- Deferred charges and accrued income -€9,369
down €9,369 (-48.5%), from €19,304 to €9,935
- Intangible fixed assets -€6,500
down €6,500 (-48.0%), from €13,542 to €7,042
- Tangible fixed assets +€4,200
up €4,200 (+19.9%), from €21,060 to €25,261
of which Plant, machinery and equipment: +€6,803
- Short-term financial debts -€100,000
no longer reported in 2025 (was €100,000)
- Current portion of long-term debt +€99,808
up €99,808 (+574.6%), from €17,369 to €117,177
- Reserves -€44,764
down €44,764 (-29.3%), from €152,529 to €107,765
- Other debts +€43,485
up €43,485 (+1797.7%), from €2,419 to €45,904
- Tax, wage and social debts +€12,320
up €12,320 (+20.6%), from €59,912 to €72,231
of which Taxes: +€6,510
- Staff costs +€21,819
up €21,819 (+5.2%), from €421,786 to €443,605
- Other operating charges -€7,468
down €7,468 (-22.8%), from €32,716 to €25,248
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 | €412,001 | €404,610 | -€7,391 | -1.8% |
| Fixed assets | 21/28 | €34,602 | €32,302 | -€2,300 | -6.6% |
| Intangible fixed assets | 21 | €13,542 | €7,042 | -€6,500 | -48.0% |
| Tangible fixed assets | 22/27 | €21,060 | €25,261 | +€4,200 | +19.9% |
| Plant, machinery and equipment | 23 | €3,412 | €10,216 | +€6,803 | +199.4% |
| Furniture and vehicles | 24 | €9,839 | €8,074 | -€1,765 | -17.9% |
| Other tangible fixed assets | 26 | €7,809 | €6,971 | -€838 | -10.7% |
| Current assets | 29/58 | €377,400 | €372,308 | -€5,091 | -1.3% |
| Amounts receivable within one year | 40/41 | €292,168 | €226,227 | -€65,941 | -22.6% |
| Trade receivables | 40 | €157,157 | €95,032 | -€62,126 | -39.5% |
| Other amounts receivable | 41 | €135,011 | €131,195 | -€3,816 | -2.8% |
| Cash at bank and in hand | 54/58 | €65,927 | €136,146 | +€70,219 | +106.5% |
| Deferred charges and accrued income | 490/1 | €19,304 | €9,935 | -€9,369 | -48.5% |
| Total equity and liabilities | 10/49 | €412,001 | €404,610 | -€7,391 | -1.8% |
| Equity | 10/15 | €158,810 | €114,046 | -€44,764 | -28.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €152,529 | €107,765 | -€44,764 | -29.3% |
| Distributable reserves | 133 | €152,529 | €107,765 | -€44,764 | -29.3% |
| Profit (loss) carried forward | 14 | €81 | €81 | = | 0.0% |
| Amounts payable | 17/49 | €253,191 | €290,564 | +€37,373 | +14.8% |
| Amounts payable after more than one year | 17 | €31,709 | €24,005 | -€7,704 | -24.3% |
| Financial debts | 170/4 | €31,709 | €24,005 | -€7,704 | -24.3% |
| Amounts payable within one year | 42/48 | €220,795 | €265,505 | +€44,710 | +20.2% |
| Current portion of amounts payable after more than one year | 42 | €17,369 | €117,177 | +€99,808 | +574.6% |
| Financial debts | 43 | €100,000 | - | -€100,000 | |
| Credit institutions | 430/8 | €100,000 | - | -€100,000 | |
| Trade debts | 44 | €41,096 | €30,193 | -€10,903 | -26.5% |
| Suppliers | 440/4 | €41,096 | €30,193 | -€10,903 | -26.5% |
| Taxes, remuneration and social security | 45 | €59,912 | €72,231 | +€12,320 | +20.6% |
| Taxes | 450/3 | €10,165 | €16,675 | +€6,510 | +64.0% |
| Remuneration and social security | 454/9 | €49,747 | €55,556 | +€5,809 | +11.7% |
| Other amounts payable | 47/48 | €2,419 | €45,904 | +€43,485 | +1797.7% |
| Accrued charges and deferred income | 492/3 | €686 | €1,054 | +€368 | +53.5% |
| Remuneration, social security and pensions | 62 | €421,786 | €443,605 | +€21,819 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,748 | €12,971 | -€1,777 | -12.0% |
| Other operating charges | 640/8 | €32,716 | €25,248 | -€7,468 | -22.8% |
| Gross operating margin | 9900 | €489,219 | €492,598 | +€3,378 | +0.7% |
| Operating profit (loss) | 9901 | €19,970 | €10,774 | -€9,196 | -46.0% |
| Financial income | 75/76B | €746 | €358 | -€388 | -52.0% |
| Recurring financial income | 75 | €746 | €358 | -€388 | -52.0% |
| Financial charges | 65/66B | €9,208 | €9,160 | -€47 | -0.5% |
| Recurring financial charges | 65 | €9,208 | €9,160 | -€47 | -0.5% |
| Profit (loss) for the period before taxes | 9903 | €11,508 | €1,972 | -€9,536 | -82.9% |
| Income taxes | 67/77 | €4,274 | €886 | -€3,388 | -79.3% |
| Profit (loss) for the period | 9904 | €7,234 | €1,086 | -€6,148 | -85.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,234 | €1,086 | -€6,148 | -85.0% |
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 10 October 2026 via checked.be.