O2C2: 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.
O2C2
Largest movements
- Receivables within one year -€27,234
down €27,234 (-55.1%), from €49,442 to €22,208
of which Other amounts receivable: -€26,005
- Intangible fixed assets +€17,237
new in 2025: €17,237
- Tangible fixed assets -€9,105
down €9,105 (-34.1%), from €26,668 to €17,563
of which Furniture and vehicles: -€8,236
- Profit (loss) carried forward -€22,686
down €22,686 (-81.8%), from -€27,743 to -€50,429
- Tax, wage and social debts -€9,335
down €9,335 (-90.9%), from €10,273 to €938
- Other debts +€9,029
up €9,029 (+25.1%), from €36,022 to €45,051
- Trade debts +€4,138
new in 2025: €4,138
- Gross operating margin +€10,289
up €10,289 (+82.0%), from -€12,540 to -€2,252
- Depreciation +€6,940
up €6,940 (+72.5%), from €9,568 to €16,508
- Taxes -€1,248
down €1,248 (-28.3%), from €4,403 to €3,155
- Other operating charges -€547
down €547 (-49.6%), from €1,103 to €555
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 | €83,119 | €64,264 | -€18,854 | -22.7% |
| Fixed assets | 21/28 | €26,668 | €34,800 | +€8,132 | +30.5% |
| Intangible fixed assets | 21 | - | €17,237 | +€17,237 | |
| Tangible fixed assets | 22/27 | €26,668 | €17,563 | -€9,105 | -34.1% |
| Plant, machinery and equipment | 23 | €3,318 | €2,935 | -€383 | -11.5% |
| Furniture and vehicles | 24 | €15,338 | €7,103 | -€8,236 | -53.7% |
| Other tangible fixed assets | 26 | €8,012 | €7,525 | -€486 | -6.1% |
| Current assets | 29/58 | €56,450 | €29,464 | -€26,986 | -47.8% |
| Amounts receivable within one year | 40/41 | €49,442 | €22,208 | -€27,234 | -55.1% |
| Trade receivables | 40 | €23,437 | €22,208 | -€1,229 | -5.2% |
| Other amounts receivable | 41 | €26,005 | - | -€26,005 | |
| Cash at bank and in hand | 54/58 | €6,642 | €6,890 | +€248 | +3.7% |
| Deferred charges and accrued income | 490/1 | €366 | €366 | = | 0.0% |
| Total equity and liabilities | 10/49 | €83,119 | €64,264 | -€18,854 | -22.7% |
| Equity | 10/15 | €35,002 | €12,316 | -€22,686 | -64.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €37,745 | €37,745 | = | 0.0% |
| Distributable reserves | 133 | €37,745 | €37,745 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,743 | -€50,429 | -€22,686 | -81.8% |
| Amounts payable | 17/49 | €48,117 | €51,948 | +€3,832 | +8.0% |
| Amounts payable within one year | 42/48 | €48,117 | €51,948 | +€3,832 | +8.0% |
| Financial debts | 43 | €1,821 | €1,821 | = | 0.0% |
| Credit institutions | 430/8 | €1,821 | €1,821 | = | 0.0% |
| Trade debts | 44 | - | €4,138 | +€4,138 | |
| Suppliers | 440/4 | - | €4,138 | +€4,138 | |
| Taxes, remuneration and social security | 45 | €10,273 | €938 | -€9,335 | -90.9% |
| Taxes | 450/3 | €10,273 | €938 | -€9,335 | -90.9% |
| Other amounts payable | 47/48 | €36,022 | €45,051 | +€9,029 | +25.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,568 | €16,508 | +€6,940 | +72.5% |
| Other operating charges | 640/8 | €1,103 | €555 | -€547 | -49.6% |
| Gross operating margin | 9900 | -€12,540 | -€2,252 | +€10,289 | +82.0% |
| Operating profit (loss) | 9901 | -€23,211 | -€19,315 | +€3,896 | +16.8% |
| Financial charges | 65/66B | €129 | €216 | +€87 | +66.9% |
| Recurring financial charges | 65 | €129 | €216 | +€87 | +66.9% |
| Profit (loss) for the period before taxes | 9903 | -€23,340 | -€19,531 | +€3,809 | +16.3% |
| Income taxes | 67/77 | €4,403 | €3,155 | -€1,248 | -28.3% |
| Profit (loss) for the period | 9904 | -€27,743 | -€22,686 | +€5,057 | +18.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,743 | -€22,686 | +€5,057 | +18.2% |
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 11 October 2026 via checked.be.