O2XYGEN: 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.
What changed
O2XYGEN
NACE 93.210, Sports, amusement and recreation activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€2,041
2024 · €47,497-€45,456
Equity
€950,531
2024 · €948,491+€2,041
Cash
€312,342
2024 · €598,892-€286,550
Balance sheet total
€3.9m
2024 · €3.6m+€364,473
Largest movements
Assets
- Tangible fixed assets +€549,102
up €549,102 (+20.6%), from €2.7m to €3.2m
of which Land and buildings: +€634,920
- Cash -€286,550
down €286,550 (-47.8%), from €598,892 to €312,342
mainly Investment in fixed assets (net) (-€831,879) and Current investments (-€200,000)
- Current investments +€200,000
new in 2025: €200,000
- Receivables within one year -€96,291
down €96,291 (-32.0%), from €300,547 to €204,257
of which Other amounts receivable: -€62,873
Equity and liabilities
- Debts after one year +€384,634
up €384,634 (+17.5%), from €2.2m to €2.6m
of which Financial debts: +€384,634
- Other debts -€40,000
down €40,000 (-89.9%), from €44,500 to €4,500
Income statement
- Depreciation +€20,416
up €20,416 (+7.8%), from €262,361 to €282,777
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.
Result 2024
€47,497
Gross operating margin
+€989
Staff costs
+€1,078
Depreciation
-€20,416
Other operating charges
-€1,765
Other operating items
-€21,789
Financial income
-€2,102
Financial charges
-€2,396
Taxes
+€945
Result 2025
€2,041
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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.
From operations
+€323,970
Investment
-€1.0m
Financing
+€421,360
Cash 2024
€598,892
From operations (derived)
+€323,970
Net result for the year
+€2,041
Depreciation
+€282,777
Stocks and contracts
+€1,789
Receivables within one year
+€96,291
Trade debts
+€35,947
Tax, wage and social debts
-€20,864
Other debts
-€40,000
Accrued charges and deferred income
-€34,010
Investment (derived)
-€1.0m
Investment in fixed assets (net)
-€831,879
Current investments
-€200,000
Financing
+€421,360
Debts after one year
+€384,634
Current portion of long-term debt
+€36,726
Cash 2025
€312,342
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,575,754 | €3,940,227 | +€364,473 | +10.2% |
| Fixed assets | 21/28 | €2,670,687 | €3,219,789 | +€549,102 | +20.6% |
| Tangible fixed assets | 22/27 | €2,670,312 | €3,219,414 | +€549,102 | +20.6% |
| Land and buildings | 22 | €2,174,297 | €2,809,217 | +€634,920 | +29.2% |
| Plant, machinery and equipment | 23 | €430,627 | €348,819 | -€81,808 | -19.0% |
| Furniture and vehicles | 24 | €65,389 | €61,378 | -€4,011 | -6.1% |
| Financial fixed assets | 28 | €375 | €375 | = | 0.0% |
| Current assets | 29/58 | €905,067 | €720,438 | -€184,629 | -20.4% |
| Stocks and contracts in progress | 3 | €5,628 | €3,839 | -€1,789 | -31.8% |
| Stocks | 30/36 | €5,628 | €3,839 | -€1,789 | -31.8% |
| Amounts receivable within one year | 40/41 | €300,547 | €204,257 | -€96,291 | -32.0% |
| Trade receivables | 40 | €34,823 | €1,406 | -€33,417 | -96.0% |
| Other amounts receivable | 41 | €265,724 | €202,851 | -€62,873 | -23.7% |
| Current investments | 50/53 | - | €200,000 | +€200,000 | |
| Cash at bank and in hand | 54/58 | €598,892 | €312,342 | -€286,550 | -47.8% |
| Total equity and liabilities | 10/49 | €3,575,754 | €3,940,227 | +€364,473 | +10.2% |
| Equity | 10/15 | €948,491 | €950,531 | +€2,041 | +0.2% |
| Contributions | 10/11 | €58,600 | €58,600 | = | 0.0% |
| Reserves | 13 | €889,891 | €891,931 | +€2,041 | +0.2% |
| Non-distributable reserves | 130/1 | €5,860 | €5,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,860 | €5,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €58,530 | €58,530 | = | 0.0% |
| Distributable reserves | 133 | €825,500 | €827,541 | +€2,041 | +0.2% |
| Amounts payable | 17/49 | €2,627,263 | €2,989,695 | +€362,432 | +13.8% |
| Amounts payable after more than one year | 17 | €2,200,866 | €2,585,499 | +€384,634 | +17.5% |
| Financial debts | 170/4 | €2,181,766 | €2,566,399 | +€384,634 | +17.6% |
| Other amounts payable | 178/9 | €19,100 | €19,100 | = | 0.0% |
| Amounts payable within one year | 42/48 | €363,161 | €374,969 | +€11,808 | +3.3% |
| Current portion of amounts payable after more than one year | 42 | €217,808 | €254,534 | +€36,726 | +16.9% |
| Trade debts | 44 | €58,277 | €94,223 | +€35,947 | +61.7% |
| Suppliers | 440/4 | €58,277 | €94,223 | +€35,947 | +61.7% |
| Taxes, remuneration and social security | 45 | €42,576 | €21,712 | -€20,864 | -49.0% |
| Taxes | 450/3 | €24,428 | €446 | -€23,983 | -98.2% |
| Remuneration and social security | 454/9 | €18,148 | €21,266 | +€3,118 | +17.2% |
| Other amounts payable | 47/48 | €44,500 | €4,500 | -€40,000 | -89.9% |
| Accrued charges and deferred income | 492/3 | €63,236 | €29,227 | -€34,010 | -53.8% |
| Non-recurring operating income | 76A | €21,343 | €5,711 | -€15,631 | -73.2% |
| Remuneration, social security and pensions | 62 | €120,140 | €119,062 | -€1,078 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €262,361 | €282,777 | +€20,416 | +7.8% |
| Other operating charges | 640/8 | €27,742 | €29,507 | +€1,765 | +6.4% |
| Non-recurring operating charges | 66A | - | €21,789 | +€21,789 | |
| Gross operating margin | 9900 | €501,754 | €502,743 | +€989 | +0.2% |
| Operating profit (loss) | 9901 | €91,511 | €49,607 | -€41,904 | -45.8% |
| Financial income | 75/76B | €14,373 | €12,271 | -€2,102 | -14.6% |
| Recurring financial income | 75 | €14,373 | €12,271 | -€2,102 | -14.6% |
| Financial charges | 65/66B | €54,980 | €57,376 | +€2,396 | +4.4% |
| Recurring financial charges | 65 | €54,980 | €57,376 | +€2,396 | +4.4% |
| Profit (loss) for the period before taxes | 9903 | €50,904 | €4,502 | -€46,402 | -91.2% |
| Income taxes | 67/77 | €3,407 | €2,461 | -€945 | -27.7% |
| Profit (loss) for the period | 9904 | €47,497 | €2,041 | -€45,456 | -95.7% |
| Profit (loss) for the period to be appropriated | 9905 | €47,497 | €2,041 | -€45,456 | -95.7% |
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 14 October 2026 via checked.be.