O2K: 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.
O2K
Largest movements
- Receivables within one year -€44,503
down €44,503 (-72.7%), from €61,242 to €16,739
of which Other amounts receivable: -€23,491
- Cash +€12,625
up €12,625 (+4.7%), from €269,810 to €282,435
mainly Net result for the year (+€61,707) and Receivables within one year (+€44,503)
- Financial fixed assets -€7,088
down €7,088 (-42.5%), from €16,680 to €9,592
- Tax, wage and social debts -€30,980
down €30,980 (-24.0%), from €128,941 to €97,961
of which Taxes: -€22,518
- Profit (loss) carried forward +€21,707
up €21,707 (+15.1%), from €144,104 to €165,811
- Trade debts -€18,898
down €18,898 (-50.7%), from €37,252 to €18,354
- Other debts -€11,443
down €11,443 (-26.7%), from €42,830 to €31,387
- Gross operating margin -€87,358
down €87,358 (-17.6%), from €497,518 to €410,160
- Staff costs +€24,802
up €24,802 (+9.5%), from €261,575 to €286,377
- Taxes -€18,909
down €18,909 (-40.6%), from €46,623 to €27,714
- Financial charges -€15,705
down €15,705 (-49.5%), from €31,753 to €16,048
- Other operating charges +€7,881
up €7,881 (+198.6%), from €3,968 to €11,849
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 | €378,501 | €339,180 | -€39,321 | -10.4% |
| Fixed assets | 21/28 | €39,824 | €29,570 | -€10,254 | -25.7% |
| Tangible fixed assets | 22/27 | €23,144 | €19,978 | -€3,166 | -13.7% |
| Plant, machinery and equipment | 23 | €973 | €600 | -€373 | -38.3% |
| Furniture and vehicles | 24 | €22,171 | €19,378 | -€2,793 | -12.6% |
| Financial fixed assets | 28 | €16,680 | €9,592 | -€7,088 | -42.5% |
| Current assets | 29/58 | €338,677 | €309,610 | -€29,067 | -8.6% |
| Stocks and contracts in progress | 3 | €5,000 | €7,821 | +€2,821 | +56.4% |
| Stocks | 30/36 | €5,000 | €7,821 | +€2,821 | +56.4% |
| Amounts receivable within one year | 40/41 | €61,242 | €16,739 | -€44,503 | -72.7% |
| Trade receivables | 40 | €22,900 | €1,888 | -€21,012 | -91.8% |
| Other amounts receivable | 41 | €38,342 | €14,851 | -€23,491 | -61.3% |
| Cash at bank and in hand | 54/58 | €269,810 | €282,435 | +€12,625 | +4.7% |
| Deferred charges and accrued income | 490/1 | €2,625 | €2,615 | -€10 | -0.4% |
| Total equity and liabilities | 10/49 | €378,501 | €339,180 | -€39,321 | -10.4% |
| Equity | 10/15 | €165,964 | €187,671 | +€21,707 | +13.1% |
| Reserves | 13 | €21,860 | €21,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €21,860 | €21,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €21,860 | €21,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €144,104 | €165,811 | +€21,707 | +15.1% |
| Amounts payable | 17/49 | €212,537 | €151,509 | -€61,028 | -28.7% |
| Amounts payable within one year | 42/48 | €209,023 | €147,702 | -€61,321 | -29.3% |
| Trade debts | 44 | €37,252 | €18,354 | -€18,898 | -50.7% |
| Suppliers | 440/4 | €37,252 | €18,354 | -€18,898 | -50.7% |
| Taxes, remuneration and social security | 45 | €128,941 | €97,961 | -€30,980 | -24.0% |
| Taxes | 450/3 | €82,318 | €59,800 | -€22,518 | -27.4% |
| Remuneration and social security | 454/9 | €46,623 | €38,161 | -€8,462 | -18.1% |
| Other amounts payable | 47/48 | €42,830 | €31,387 | -€11,443 | -26.7% |
| Accrued charges and deferred income | 492/3 | €3,514 | €3,807 | +€293 | +8.3% |
| Remuneration, social security and pensions | 62 | €261,575 | €286,377 | +€24,802 | +9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,075 | €7,424 | -€651 | -8.1% |
| Other operating charges | 640/8 | €3,968 | €11,849 | +€7,881 | +198.6% |
| Gross operating margin | 9900 | €497,518 | €410,160 | -€87,358 | -17.6% |
| Operating profit (loss) | 9901 | €223,900 | €104,510 | -€119,390 | -53.3% |
| Financial income | 75/76B | €1,162 | €959 | -€203 | -17.5% |
| Recurring financial income | 75 | €1,162 | €959 | -€203 | -17.5% |
| Financial charges | 65/66B | €31,753 | €16,048 | -€15,705 | -49.5% |
| Recurring financial charges | 65 | €31,753 | €16,048 | -€15,705 | -49.5% |
| Profit (loss) for the period before taxes | 9903 | €193,309 | €89,421 | -€103,888 | -53.7% |
| Income taxes | 67/77 | €46,623 | €27,714 | -€18,909 | -40.6% |
| Profit (loss) for the period | 9904 | €146,686 | €61,707 | -€84,979 | -57.9% |
| Profit (loss) for the period to be appropriated | 9905 | €146,686 | €61,707 | -€84,979 | -57.9% |
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.