OAK: 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.
OAK
Largest movements
- Tangible fixed assets -€147,187
down €147,187 (-4.8%), from €3.1m to €2.9m
of which Land and buildings: -€87,490
- Receivables within one year +€61,676
up €61,676 (+261.9%), from €23,546 to €85,222
of which Trade receivables: +€80,855
- Cash +€42,009
up €42,009 (+86.0%), from €48,875 to €90,884
mainly Other debts (+€264,009) and Depreciation (+€141,730)
- Other debts +€264,009
up €264,009 (+244.1%), from €108,165 to €372,173
- Trade debts -€214,874
down €214,874 (-46.8%), from €458,876 to €244,002
- Debts after one year -€153,872
down €153,872 (-8.6%), from €1.8m to €1.6m
- Reserves +€122,693
up €122,693 (+22.3%), from €550,727 to €673,420
of which Distributable reserves: +€122,693
- Short-term financial debts -€60,000
down €60,000 (-75.0%), from €80,000 to €20,000
- Gross operating margin +€252,161
up €252,161 (+32.1%), from €786,280 to €1.0m
- Staff costs +€126,977
up €126,977 (+27.1%), from €468,979 to €595,956
- Taxes +€41,392
up €41,392 (+140.5%), from €29,467 to €70,860
- Depreciation +€39,983
up €39,983 (+39.3%), from €101,747 to €141,730
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 | €3,203,125 | €3,190,031 | -€13,094 | -0.4% |
| Fixed assets | 21/28 | €3,062,371 | €2,914,500 | -€147,870 | -4.8% |
| Intangible fixed assets | 21 | €2,199 | €1,516 | -€683 | -31.1% |
| Tangible fixed assets | 22/27 | €3,060,171 | €2,912,984 | -€147,187 | -4.8% |
| Land and buildings | 22 | €2,665,618 | €2,578,128 | -€87,490 | -3.3% |
| Plant, machinery and equipment | 23 | €257,297 | €220,096 | -€37,201 | -14.5% |
| Furniture and vehicles | 24 | €68,368 | €60,285 | -€8,083 | -11.8% |
| Other tangible fixed assets | 26 | €68,889 | €54,475 | -€14,414 | -20.9% |
| Current assets | 29/58 | €140,754 | €275,531 | +€134,776 | +95.8% |
| Stocks and contracts in progress | 3 | €62,422 | €91,875 | +€29,453 | +47.2% |
| Stocks | 30/36 | €62,422 | €91,875 | +€29,453 | +47.2% |
| Amounts receivable within one year | 40/41 | €23,546 | €85,222 | +€61,676 | +261.9% |
| Trade receivables | 40 | €0 | €80,855 | +€80,855 | |
| Other amounts receivable | 41 | €23,546 | €4,366 | -€19,180 | -81.5% |
| Cash at bank and in hand | 54/58 | €48,875 | €90,884 | +€42,009 | +86.0% |
| Deferred charges and accrued income | 490/1 | €5,912 | €7,550 | +€1,639 | +27.7% |
| Total equity and liabilities | 10/49 | €3,203,125 | €3,190,031 | -€13,094 | -0.4% |
| Equity | 10/15 | €556,927 | €679,620 | +€122,693 | +22.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €550,727 | €673,420 | +€122,693 | +22.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €550,727 | €673,420 | +€122,693 | +22.3% |
| Amounts payable | 17/49 | €2,646,199 | €2,510,411 | -€135,787 | -5.1% |
| Amounts payable after more than one year | 17 | €1,796,347 | €1,642,475 | -€153,872 | -8.6% |
| Financial debts | 170/4 | €1,796,347 | €1,642,475 | -€153,872 | -8.6% |
| Amounts payable within one year | 42/48 | €848,489 | €864,922 | +€16,432 | +1.9% |
| Current portion of amounts payable after more than one year | 42 | €148,256 | €153,872 | +€5,616 | +3.8% |
| Financial debts | 43 | €80,000 | €20,000 | -€60,000 | -75.0% |
| Credit institutions | 430/8 | €80,000 | €20,000 | -€60,000 | -75.0% |
| Trade debts | 44 | €458,876 | €244,002 | -€214,874 | -46.8% |
| Suppliers | 440/4 | €458,876 | €244,002 | -€214,874 | -46.8% |
| Taxes, remuneration and social security | 45 | €53,193 | €74,874 | +€21,681 | +40.8% |
| Taxes | 450/3 | €9,673 | €15,816 | +€6,143 | +63.5% |
| Remuneration and social security | 454/9 | €43,520 | €59,058 | +€15,538 | +35.7% |
| Other amounts payable | 47/48 | €108,165 | €372,173 | +€264,009 | +244.1% |
| Accrued charges and deferred income | 492/3 | €1,363 | €3,015 | +€1,653 | +121.3% |
| Remuneration, social security and pensions | 62 | €468,979 | €595,956 | +€126,977 | +27.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €101,747 | €141,730 | +€39,983 | +39.3% |
| Other operating charges | 640/8 | €7,540 | €6,158 | -€1,382 | -18.3% |
| Gross operating margin | 9900 | €786,280 | €1,038,441 | +€252,161 | +32.1% |
| Operating profit (loss) | 9901 | €208,013 | €294,596 | +€86,582 | +41.6% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €102,690 | €101,043 | -€1,647 | -1.6% |
| Recurring financial charges | 65 | €102,690 | €101,043 | -€1,647 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | €105,323 | €193,553 | +€88,229 | +83.8% |
| Income taxes | 67/77 | €29,467 | €70,860 | +€41,392 | +140.5% |
| Profit (loss) for the period | 9904 | €75,856 | €122,693 | +€46,837 | +61.7% |
| Profit (loss) for the period to be appropriated | 9905 | €75,856 | €122,693 | +€46,837 | +61.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.