O3 GROUP: 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.
O3 GROUP
Largest movements
- Tangible fixed assets +€181,128
up €181,128 (+8.9%), from €2.0m to €2.2m
of which Land and buildings: +€228,649
- Receivables within one year +€105,933
up €105,933 (+19.6%), from €539,952 to €645,886
of which Trade receivables: +€137,255
- Accrued charges and deferred income +€152,557
up €152,557 (+163%), from €93,686 to €246,243
- Reserves -€146,763
down €146,763 (-13.7%), from €1.1m to €927,519
- Debts after one year +€122,508
up €122,508 (+9.5%), from €1.3m to €1.4m
- Trade debts +€78,934
up €78,934 (+120%), from €65,535 to €144,469
- Tax, wage and social debts +€35,401
up €35,401 (+32.1%), from €110,240 to €145,641
of which Remuneration and social security: +€20,634
- Gross operating margin +€293,981
up €293,981 (+44.2%), from €664,860 to €958,841
- Staff costs +€115,418
up €115,418 (+32.9%), from €350,385 to €465,803
- Taxes +€43,309
up €43,309 (+156%), from €27,800 to €71,109
- Depreciation +€13,604
up €13,604 (+7.6%), from €180,079 to €193,684
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,986,381 | €3,266,798 | +€280,418 | +9.4% |
| Fixed assets | 21/28 | €2,041,983 | €2,216,995 | +€175,012 | +8.6% |
| Intangible fixed assets | 21 | €9,237 | €3,120 | -€6,117 | -66.2% |
| Tangible fixed assets | 22/27 | €2,032,747 | €2,213,875 | +€181,128 | +8.9% |
| Land and buildings | 22 | €1,913,287 | €2,141,936 | +€228,649 | +12.0% |
| Plant, machinery and equipment | 23 | €81,605 | €51,796 | -€29,809 | -36.5% |
| Furniture and vehicles | 24 | €2,157 | €843 | -€1,314 | -60.9% |
| Leasing and similar rights | 25 | €35,697 | €19,300 | -€16,397 | -45.9% |
| Current assets | 29/58 | €944,397 | €1,049,804 | +€105,406 | +11.2% |
| Stocks and contracts in progress | 3 | €73,819 | €59,445 | -€14,375 | -19.5% |
| Stocks | 30/36 | €73,819 | €59,445 | -€14,375 | -19.5% |
| Amounts receivable within one year | 40/41 | €539,952 | €645,886 | +€105,933 | +19.6% |
| Trade receivables | 40 | €508,314 | €645,570 | +€137,255 | +27.0% |
| Other amounts receivable | 41 | €31,638 | €316 | -€31,322 | -99.0% |
| Cash at bank and in hand | 54/58 | €297,455 | €324,172 | +€26,717 | +9.0% |
| Deferred charges and accrued income | 490/1 | €33,171 | €20,301 | -€12,870 | -38.8% |
| Total equity and liabilities | 10/49 | €2,986,381 | €3,266,798 | +€280,418 | +9.4% |
| Equity | 10/15 | €1,252,882 | €1,106,119 | -€146,763 | -11.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,074,282 | €927,519 | -€146,763 | -13.7% |
| Distributable reserves | 133 | €1,074,282 | €927,519 | -€146,763 | -13.7% |
| Profit (loss) carried forward | 14 | €160,000 | €160,000 | = | 0.0% |
| Amounts payable | 17/49 | €1,733,499 | €2,160,680 | +€427,180 | +24.6% |
| Amounts payable after more than one year | 17 | €1,293,525 | €1,416,033 | +€122,508 | +9.5% |
| Financial debts | 170/4 | €1,293,525 | €1,416,033 | +€122,508 | +9.5% |
| Amounts payable within one year | 42/48 | €346,288 | €498,403 | +€152,115 | +43.9% |
| Current portion of amounts payable after more than one year | 42 | €141,101 | €161,221 | +€20,120 | +14.3% |
| Financial debts | 43 | €29,412 | €29,326 | -€86 | -0.3% |
| Credit institutions | 430/8 | €29,412 | €29,326 | -€86 | -0.3% |
| Trade debts | 44 | €65,535 | €144,469 | +€78,934 | +120% |
| Suppliers | 440/4 | €65,535 | €144,469 | +€78,934 | +120% |
| Taxes, remuneration and social security | 45 | €110,240 | €145,641 | +€35,401 | +32.1% |
| Taxes | 450/3 | €71,502 | €86,269 | +€14,767 | +20.7% |
| Remuneration and social security | 454/9 | €38,738 | €59,372 | +€20,634 | +53.3% |
| Other amounts payable | 47/48 | - | €17,746 | +€17,746 | |
| Accrued charges and deferred income | 492/3 | €93,686 | €246,243 | +€152,557 | +163% |
| Remuneration, social security and pensions | 62 | €350,385 | €465,803 | +€115,418 | +32.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €180,079 | €193,684 | +€13,604 | +7.6% |
| Other operating charges | 640/8 | €18,893 | €19,574 | +€680 | +3.6% |
| Non-recurring operating charges | 66A | €834 | - | -€834 | |
| Gross operating margin | 9900 | €664,860 | €958,841 | +€293,981 | +44.2% |
| Operating profit (loss) | 9901 | €114,669 | €279,781 | +€165,112 | +144% |
| Financial income | 75/76B | €65 | €338 | +€273 | +422% |
| Recurring financial income | 75 | €65 | €338 | +€273 | +422% |
| Financial charges | 65/66B | €37,358 | €38,709 | +€1,351 | +3.6% |
| Recurring financial charges | 65 | €37,358 | €38,709 | +€1,351 | +3.6% |
| Profit (loss) for the period before taxes | 9903 | €77,376 | €241,410 | +€164,034 | +212% |
| Income taxes | 67/77 | €27,800 | €71,109 | +€43,309 | +156% |
| Profit (loss) for the period | 9904 | €49,576 | €170,301 | +€120,725 | +244% |
| Profit (loss) for the period to be appropriated | 9905 | €49,576 | €170,301 | +€120,725 | +244% |
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.