OAK 18: 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 18
Largest movements
- Receivables within one year +€5,442
up €5,442 (+33.4%), from €16,290 to €21,732
of which Trade receivables: +€5,446
- Debts after one year -€48,878
down €48,878 (-34.9%), from €140,019 to €91,142
- Reserves +€46,132
up €46,132 (+86.9%), from €53,096 to €99,228
- Tax, wage and social debts +€10,479
up €10,479 (+41.2%), from €25,409 to €35,888
- Gross operating margin -€10,744
down €10,744 (-12.6%), from €85,093 to €74,349
- Taxes -€4,483
down €4,483 (-21.1%), from €21,205 to €16,722
- Depreciation +€1,841
up €1,841 (+58.8%), from €3,132 to €4,974
- Financial charges -€1,074
down €1,074 (-20.5%), from €5,248 to €4,174
- Other operating charges -€1,065
down €1,065 (-44.2%), from €2,412 to €1,347
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 | €489,542 | €494,941 | +€5,399 | +1.1% |
| Fixed assets | 21/28 | €462,731 | €458,444 | -€4,287 | -0.9% |
| Tangible fixed assets | 22/27 | €13,481 | €9,194 | -€4,287 | -31.8% |
| Furniture and vehicles | 24 | €13,481 | €9,194 | -€4,287 | -31.8% |
| Financial fixed assets | 28 | €449,250 | €449,250 | = | 0.0% |
| Current assets | 29/58 | €26,811 | €36,497 | +€9,686 | +36.1% |
| Amounts receivable within one year | 40/41 | €16,290 | €21,732 | +€5,442 | +33.4% |
| Trade receivables | 40 | €16,286 | €21,732 | +€5,446 | +33.4% |
| Other amounts receivable | 41 | €4 | - | -€4 | |
| Cash at bank and in hand | 54/58 | €3,937 | €7,458 | +€3,521 | +89.4% |
| Deferred charges and accrued income | 490/1 | €6,584 | €7,307 | +€723 | +11.0% |
| Total equity and liabilities | 10/49 | €489,542 | €494,941 | +€5,399 | +1.1% |
| Equity | 10/15 | €58,096 | €104,228 | +€46,132 | +79.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €53,096 | €99,228 | +€46,132 | +86.9% |
| Distributable reserves | 133 | €53,096 | €99,228 | +€46,132 | +86.9% |
| Amounts payable | 17/49 | €431,446 | €390,713 | -€40,733 | -9.4% |
| Amounts payable after more than one year | 17 | €140,019 | €91,142 | -€48,878 | -34.9% |
| Financial debts | 170/4 | €140,019 | €91,142 | -€48,878 | -34.9% |
| Amounts payable within one year | 42/48 | €290,497 | €299,571 | +€9,074 | +3.1% |
| Current portion of amounts payable after more than one year | 42 | €48,297 | €48,878 | +€581 | +1.2% |
| Trade debts | 44 | €3,851 | €2,684 | -€1,167 | -30.3% |
| Suppliers | 440/4 | €3,851 | €2,684 | -€1,167 | -30.3% |
| Taxes, remuneration and social security | 45 | €25,409 | €35,888 | +€10,479 | +41.2% |
| Taxes | 450/3 | €25,409 | €35,888 | +€10,479 | +41.2% |
| Other amounts payable | 47/48 | €212,941 | €212,122 | -€819 | -0.4% |
| Accrued charges and deferred income | 492/3 | €930 | - | -€930 | |
| Non-recurring operating income | 76A | - | €347 | +€347 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,132 | €4,974 | +€1,841 | +58.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,000 | +€1,000 | |
| Other operating charges | 640/8 | €2,412 | €1,347 | -€1,065 | -44.2% |
| Gross operating margin | 9900 | €85,093 | €74,349 | -€10,744 | -12.6% |
| Operating profit (loss) | 9901 | €79,548 | €67,028 | -€12,520 | -15.7% |
| Financial income | 75/76B | €0 | €0 | +€0 | +100.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +100.0% |
| Financial charges | 65/66B | €5,248 | €4,174 | -€1,074 | -20.5% |
| Recurring financial charges | 65 | €5,248 | €4,174 | -€1,074 | -20.5% |
| Profit (loss) for the period before taxes | 9903 | €74,301 | €62,854 | -€11,447 | -15.4% |
| Income taxes | 67/77 | €21,205 | €16,722 | -€4,483 | -21.1% |
| Profit (loss) for the period | 9904 | €53,096 | €46,132 | -€6,964 | -13.1% |
| Profit (loss) for the period to be appropriated | 9905 | €53,096 | €46,132 | -€6,964 | -13.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.