O2G: 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.
O2G
Largest movements
- Receivables within one year +€68,465
up €68,465 (+32.0%), from €213,622 to €282,087
of which Other amounts receivable: +€79,386
- Tangible fixed assets -€37,896
down €37,896 (-39.2%), from €96,563 to €58,667
of which Furniture and vehicles: -€35,019
- Cash -€11,948
down €11,948 (-19.4%), from €61,439 to €49,491
mainly Receivables within one year (-€68,465) and Short-term financial debts (-€25,000)
- Deferred charges and accrued income -€6,853
down €6,853 (-100.0%), from €6,853 to €0
- Trade debts +€47,716
up €47,716 (+73978.9%), from €65 to €47,781
- Reserves +€30,938
up €30,938 (+19.6%), from €157,588 to €188,526
- Short-term financial debts -€25,000
down €25,000 (-100.0%), from €25,000 to €0
- Other debts -€15,510
down €15,510 (-20.6%), from €75,399 to €59,889
- Debts after one year -€14,873
down €14,873 (-33.7%), from €44,123 to €29,250
- Gross operating margin -€6,660
down €6,660 (-7.1%), from €93,977 to €87,317
- Financial charges +€4,044
up €4,044 (+105.2%), from €3,843 to €7,887
- Taxes -€3,000
down €3,000 (-13.6%), from €22,122 to €19,122
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 | €378,626 | €390,395 | +€11,768 | +3.1% |
| Fixed assets | 21/28 | €96,713 | €58,817 | -€37,896 | -39.2% |
| Tangible fixed assets | 22/27 | €96,563 | €58,667 | -€37,896 | -39.2% |
| Land and buildings | 22 | €1,178 | €178 | -€1,000 | -84.9% |
| Plant, machinery and equipment | 23 | €6,477 | €4,600 | -€1,877 | -29.0% |
| Furniture and vehicles | 24 | €88,908 | €53,888 | -€35,019 | -39.4% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €281,913 | €331,578 | +€49,665 | +17.6% |
| Amounts receivable within one year | 40/41 | €213,622 | €282,087 | +€68,465 | +32.0% |
| Trade receivables | 40 | €45,475 | €34,554 | -€10,921 | -24.0% |
| Other amounts receivable | 41 | €168,147 | €247,533 | +€79,386 | +47.2% |
| Cash at bank and in hand | 54/58 | €61,439 | €49,491 | -€11,948 | -19.4% |
| Deferred charges and accrued income | 490/1 | €6,853 | €0 | -€6,853 | -100.0% |
| Total equity and liabilities | 10/49 | €378,626 | €390,395 | +€11,768 | +3.1% |
| Equity | 10/15 | €176,188 | €207,126 | +€30,938 | +17.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €157,588 | €188,526 | +€30,938 | +19.6% |
| Distributable reserves | 133 | €157,588 | €188,526 | +€30,938 | +19.6% |
| Amounts payable | 17/49 | €202,439 | €183,269 | -€19,170 | -9.5% |
| Amounts payable after more than one year | 17 | €44,123 | €29,250 | -€14,873 | -33.7% |
| Financial debts | 170/4 | €44,123 | €29,250 | -€14,873 | -33.7% |
| Amounts payable within one year | 42/48 | €158,315 | €153,759 | -€4,556 | -2.9% |
| Current portion of amounts payable after more than one year | 42 | €14,296 | €14,873 | +€577 | +4.0% |
| Financial debts | 43 | €25,000 | €0 | -€25,000 | -100.0% |
| Credit institutions | 430/8 | €25,000 | €0 | -€25,000 | -100.0% |
| Trade debts | 44 | €65 | €47,781 | +€47,716 | +73978.9% |
| Suppliers | 440/4 | €65 | €47,781 | +€47,716 | +73978.9% |
| Taxes, remuneration and social security | 45 | €43,556 | €31,216 | -€12,340 | -28.3% |
| Taxes | 450/3 | €43,556 | €31,216 | -€12,340 | -28.3% |
| Other amounts payable | 47/48 | €75,399 | €59,889 | -€15,510 | -20.6% |
| Accrued charges and deferred income | 492/3 | - | €259 | +€259 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,641 | €37,896 | +€255 | +0.7% |
| Other operating charges | 640/8 | €1,683 | €1,793 | +€110 | +6.5% |
| Gross operating margin | 9900 | €93,977 | €87,317 | -€6,660 | -7.1% |
| Operating profit (loss) | 9901 | €54,653 | €47,628 | -€7,025 | -12.9% |
| Financial income | 75/76B | €11,235 | €10,319 | -€916 | -8.2% |
| Recurring financial income | 75 | €11,235 | €10,319 | -€916 | -8.2% |
| Financial charges | 65/66B | €3,843 | €7,887 | +€4,044 | +105.2% |
| Recurring financial charges | 65 | €3,843 | €7,887 | +€4,044 | +105.2% |
| Profit (loss) for the period before taxes | 9903 | €62,045 | €50,060 | -€11,985 | -19.3% |
| Income taxes | 67/77 | €22,122 | €19,122 | -€3,000 | -13.6% |
| Profit (loss) for the period | 9904 | €39,923 | €30,938 | -€8,985 | -22.5% |
| Profit (loss) for the period to be appropriated | 9905 | €39,923 | €30,938 | -€8,985 | -22.5% |
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 30 September 2026 via checked.be.