O2Be: what changed
Two fiscal 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.
O2Be
Largest movements
- Deferred charges and accrued income +€42,174
up €42,174 (+179.2%), from €23,540 to €65,714
- Cash +€40,527
up €40,527 (+25.7%), from €157,513 to €198,040
mainly Accrued charges and deferred income (+€259,488) and Tax, wage and social debts (+€47,620)
- Receivables within one year +€15,483
up €15,483 (+9.0%), from €172,111 to €187,594
of which Trade receivables: +€57,930
- Tangible fixed assets -€14,882
down €14,882 (-3.8%), from €387,091 to €372,209
of which Land and buildings: -€15,900
- Financial fixed assets +€10,000
up €10,000 (+40.0%), from €25,000 to €35,000
- Accrued charges and deferred income +€259,488
up €259,488 (+367.9%), from €70,535 to €330,023
- Trade debts -€217,842
down €217,842 (-80.9%), from €269,380 to €51,538
- Tax, wage and social debts +€47,620
up €47,620 (+330.4%), from €14,411 to €62,031
of which Taxes: +€39,451
- Debts after one year -€13,017
down €13,017 (-3.6%), from €365,684 to €352,667
- Profit (loss) carried forward +€11,447
up €11,447 (+71.4%), from €16,032 to €27,479
- Gross operating margin +€67,459
up €67,459 (+36.1%), from €186,953 to €254,412
- Staff costs +€46,093
up €46,093 (+28.7%), from €160,584 to €206,677
- Depreciation +€9,973
up €9,973 (+125.2%), from €7,966 to €17,939
- Financial charges +€8,962
up €8,962 (+110.2%), from €8,133 to €17,095
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 | €765,255 | €858,557 | +€93,302 | +12.2% |
| Fixed assets | 21/28 | €412,091 | €407,209 | -€4,882 | -1.2% |
| Tangible fixed assets | 22/27 | €387,091 | €372,209 | -€14,882 | -3.8% |
| Land and buildings | 22 | €379,414 | €363,514 | -€15,900 | -4.2% |
| Plant, machinery and equipment | 23 | - | €2,598 | +€2,598 | |
| Furniture and vehicles | 24 | €3,378 | €2,338 | -€1,040 | -30.8% |
| Other tangible fixed assets | 26 | €4,299 | €3,759 | -€540 | -12.6% |
| Financial fixed assets | 28 | €25,000 | €35,000 | +€10,000 | +40.0% |
| Current assets | 29/58 | €353,164 | €451,348 | +€98,184 | +27.8% |
| Amounts receivable within one year | 40/41 | €172,111 | €187,594 | +€15,483 | +9.0% |
| Trade receivables | 40 | €128,848 | €186,778 | +€57,930 | +45.0% |
| Other amounts receivable | 41 | €43,263 | €816 | -€42,447 | -98.1% |
| Cash at bank and in hand | 54/58 | €157,513 | €198,040 | +€40,527 | +25.7% |
| Deferred charges and accrued income | 490/1 | €23,540 | €65,714 | +€42,174 | +179.2% |
| Total equity and liabilities | 10/49 | €765,255 | €858,557 | +€93,302 | +12.2% |
| Equity | 10/15 | €30,389 | €41,836 | +€11,447 | +37.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €8,157 | €8,157 | = | 0.0% |
| Non-distributable reserves | 130/1 | €293 | €293 | = | 0.0% |
| Reserves not available under the articles | 1311 | €293 | €293 | = | 0.0% |
| Distributable reserves | 133 | €7,864 | €7,864 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,032 | €27,479 | +€11,447 | +71.4% |
| Amounts payable | 17/49 | €734,866 | €816,721 | +€81,855 | +11.1% |
| Amounts payable after more than one year | 17 | €365,684 | €352,667 | -€13,017 | -3.6% |
| Financial debts | 170/4 | €365,684 | €352,667 | -€13,017 | -3.6% |
| Amounts payable within one year | 42/48 | €298,647 | €134,031 | -€164,616 | -55.1% |
| Current portion of amounts payable after more than one year | 42 | €14,856 | €14,180 | -€676 | -4.6% |
| Trade debts | 44 | €269,380 | €51,538 | -€217,842 | -80.9% |
| Suppliers | 440/4 | €269,380 | €51,538 | -€217,842 | -80.9% |
| Taxes, remuneration and social security | 45 | €14,411 | €62,031 | +€47,620 | +330.4% |
| Taxes | 450/3 | - | €39,451 | +€39,451 | |
| Remuneration and social security | 454/9 | €14,411 | €22,580 | +€8,169 | +56.7% |
| Other amounts payable | 47/48 | - | €6,282 | +€6,282 | |
| Accrued charges and deferred income | 492/3 | €70,535 | €330,023 | +€259,488 | +367.9% |
| Remuneration, social security and pensions | 62 | €160,584 | €206,677 | +€46,093 | +28.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,966 | €17,939 | +€9,973 | +125.2% |
| Other operating charges | 640/8 | €2,038 | €714 | -€1,324 | -65.0% |
| Gross operating margin | 9900 | €186,953 | €254,412 | +€67,459 | +36.1% |
| Operating profit (loss) | 9901 | €16,365 | €29,082 | +€12,717 | +77.7% |
| Financial income | 75/76B | €513 | - | -€513 | |
| Recurring financial income | 75 | €513 | - | -€513 | |
| Financial charges | 65/66B | €8,133 | €17,095 | +€8,962 | +110.2% |
| Recurring financial charges | 65 | €8,133 | €17,095 | +€8,962 | +110.2% |
| Profit (loss) for the period before taxes | 9903 | €8,745 | €11,987 | +€3,242 | +37.1% |
| Income taxes | 67/77 | €420 | €540 | +€120 | +28.6% |
| Profit (loss) for the period | 9904 | €8,325 | €11,447 | +€3,122 | +37.5% |
| Profit (loss) for the period to be appropriated | 9905 | €8,325 | €11,447 | +€3,122 | +37.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.