O4 MANAGEMENT: 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.
O4 MANAGEMENT
Largest movements
- Cash +€26,884
up €26,884 (+1,294%), from €2,077 to €28,961
mainly Net result for the year (+€30,791) and Other debts (+€13,773)
- Receivables within one year +€8,934
up €8,934 (+3,467%), from €258 to €9,192
- Deferred charges and accrued income -€1,030
down €1,030 (-22.0%), from €4,679 to €3,649
- Tangible fixed assets -€452
down €452 (-59.6%), from €757 to €306
- Profit (loss) carried forward +€14,934
up €14,934, from -€14,934 to €0
- Other debts +€13,773
up €13,773 (+661%), from €2,084 to €15,857
- Tax, wage and social debts +€5,276
up €5,276 (+223%), from €2,364 to €7,640
- Accrued charges and deferred income +€499
up €499 (+90.8%), from €550 to €1,049
- Gross operating margin +€43,232
up €43,232 (+2,272%), from €1,903 to €45,135
- Taxes +€10,517
up €10,517 (+4,341%), from €242 to €10,760
- Financial charges -€728
down €728 (-28.3%), from €2,575 to €1,847
of which Financial charges: -€728
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 | €7,772 | €42,108 | +€34,336 | +442% |
| Fixed assets | 21/28 | €757 | €306 | -€452 | -59.6% |
| Tangible fixed assets | 22/27 | €757 | €306 | -€452 | -59.6% |
| Furniture and vehicles | 24 | €757 | €306 | -€452 | -59.6% |
| Current assets | 29/58 | €7,014 | €41,802 | +€34,788 | +496% |
| Amounts receivable within one year | 40/41 | €258 | €9,192 | +€8,934 | +3,467% |
| Other amounts receivable | 41 | €258 | €9,192 | +€8,934 | +3,467% |
| Cash at bank and in hand | 54/58 | €2,077 | €28,961 | +€26,884 | +1,294% |
| Deferred charges and accrued income | 490/1 | €4,679 | €3,649 | -€1,030 | -22.0% |
| Total equity and liabilities | 10/49 | €7,772 | €42,108 | +€34,336 | +442% |
| Equity | 10/15 | €1,250 | €16,184 | +€14,934 | +1,195% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €3,684 | €3,684 | = | 0.0% |
| Distributable reserves | 133 | €3,684 | €3,684 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,934 | €0 | +€14,934 | |
| Amounts payable | 17/49 | €6,521 | €25,924 | +€19,402 | +298% |
| Amounts payable within one year | 42/48 | €5,971 | €24,874 | +€18,903 | +317% |
| Trade debts | 44 | €1,524 | €1,378 | -€146 | -9.6% |
| Suppliers | 440/4 | €1,524 | €1,378 | -€146 | -9.6% |
| Taxes, remuneration and social security | 45 | €2,364 | €7,640 | +€5,276 | +223% |
| Taxes | 450/3 | €2,364 | €7,640 | +€5,276 | +223% |
| Other amounts payable | 47/48 | €2,084 | €15,857 | +€13,773 | +661% |
| Accrued charges and deferred income | 492/3 | €550 | €1,049 | +€499 | +90.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €452 | €452 | +€0 | 0.0% |
| Other operating charges | 640/8 | €1,129 | €1,307 | +€178 | +15.8% |
| Gross operating margin | 9900 | €1,903 | €45,135 | +€43,232 | +2,272% |
| Operating profit (loss) | 9901 | €323 | €43,376 | +€43,054 | +13,340% |
| Financial income | 75/76B | €7 | €21 | +€14 | +193% |
| Recurring financial income | 75 | €7 | €21 | +€14 | +193% |
| Financial charges | 65/66B | €2,575 | €1,847 | -€728 | -28.3% |
| Recurring financial charges | 65 | €2,575 | €1,847 | -€728 | -28.3% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€2,245 | €41,550 | +€43,796 | |
| Income taxes | 67/77 | €242 | €10,760 | +€10,517 | +4,341% |
| Profit (loss) for the period | 9904 | -€2,488 | €30,791 | +€33,278 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,488 | €30,791 | +€33,278 |
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.