O3 SHIFT GENT: 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 SHIFT GENT
Largest movements
- Tangible fixed assets +€1.6m
up €1.6m (+20.3%), from €7.7m to €9.2m
of which Land and buildings: +€9.2m
- Short-term financial debts +€1.0m
up €1.0m (+17.5%), from €5.8m to €6.8m
- Debts after one year +€606,169
up €606,169 (+38.4%), from €1.6m to €2.2m
- Profit (loss) carried forward -€196,674
down €196,674 (-81.2%), from -€242,354 to -€439,029
- Accrued charges and deferred income +€121,698
up €121,698 (+67.9%), from €179,354 to €301,052
- Financial charges +€114,504
up €114,504 (+689%), from €16,629 to €131,132
- Depreciation +€83,436
new in 2025: €83,436
- Gross operating margin +€55,849
up €55,849, from -€36,836 to €19,013
- Other operating charges -€14,263
down €14,263 (-92.7%), from €15,382 to €1,118
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 | €7,740,977 | €9,266,510 | +€1.5m | +19.7% |
| Fixed assets | 21/28 | €7,652,818 | €9,203,988 | +€1.6m | +20.3% |
| Tangible fixed assets | 22/27 | €7,652,818 | €9,203,988 | +€1.6m | +20.3% |
| Land and buildings | 22 | - | €9,165,446 | +€9.2m | |
| Furniture and vehicles | 24 | - | €38,542 | +€38,542 | |
| Assets under construction and advance payments | 27 | €7,652,818 | - | -€7.7m | |
| Current assets | 29/58 | €88,159 | €62,521 | -€25,638 | -29.1% |
| Amounts receivable within one year | 40/41 | €32,838 | - | -€32,838 | |
| Trade receivables | 40 | €32,838 | - | -€32,838 | |
| Cash at bank and in hand | 54/58 | €54,937 | €54,178 | -€760 | -1.4% |
| Deferred charges and accrued income | 490/1 | €384 | €8,344 | +€7,960 | +2,074% |
| Total equity and liabilities | 10/49 | €7,740,977 | €9,266,510 | +€1.5m | +19.7% |
| Equity | 10/15 | €158,646 | -€38,029 | -€196,674 | |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Reserves | 13 | €1,000 | €1,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,000 | €1,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€242,354 | -€439,029 | -€196,674 | -81.2% |
| Amounts payable | 17/49 | €7,582,332 | €9,304,538 | +€1.7m | +22.7% |
| Amounts payable after more than one year | 17 | €1,576,967 | €2,183,136 | +€606,169 | +38.4% |
| Financial debts | 170/4 | €1,576,967 | €2,183,136 | +€606,169 | +38.4% |
| Amounts payable within one year | 42/48 | €5,826,011 | €6,820,350 | +€994,339 | +17.1% |
| Financial debts | 43 | €5,754,768 | €6,760,000 | +€1.0m | +17.5% |
| Credit institutions | 430/8 | €5,754,768 | €6,760,000 | +€1.0m | +17.5% |
| Trade debts | 44 | €2,599 | €57,406 | +€54,808 | +2,109% |
| Suppliers | 440/4 | €2,599 | €57,406 | +€54,808 | +2,109% |
| Taxes, remuneration and social security | 45 | €68,644 | €2,943 | -€65,701 | -95.7% |
| Taxes | 450/3 | €68,644 | €2,943 | -€65,701 | -95.7% |
| Accrued charges and deferred income | 492/3 | €179,354 | €301,052 | +€121,698 | +67.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €83,436 | +€83,436 | |
| Other operating charges | 640/8 | €15,382 | €1,118 | -€14,263 | -92.7% |
| Gross operating margin | 9900 | -€36,836 | €19,013 | +€55,849 | |
| Operating profit (loss) | 9901 | -€52,217 | -€65,542 | -€13,324 | -25.5% |
| Financial charges | 65/66B | €16,629 | €131,132 | +€114,504 | +689% |
| Recurring financial charges | 65 | €16,629 | €131,132 | +€114,504 | +689% |
| Profit (loss) for the period before taxes | 9903 | -€68,846 | -€196,674 | -€127,828 | -186% |
| Profit (loss) for the period | 9904 | -€68,846 | -€196,674 | -€127,828 | -186% |
| Profit (loss) for the period to be appropriated | 9905 | -€68,846 | -€196,674 | -€127,828 | -186% |
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 19 October 2026 via checked.be.