OARFISH 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.
OARFISH MANAGEMENT
Largest movements
- Receivables within one year -€8,010
down €8,010 (-93.6%), from €8,556 to €546
of which Trade receivables: -€4,654
- Cash +€1,867
up €1,867 (+304%), from €615 to €2,482
mainly Other debts (+€39,437) and Receivables within one year (+€8,010)
- Tangible fixed assets -€1,684
down €1,684 (-27.9%), from €6,048 to €4,363
- Deferred charges and accrued income -€491
no longer reported in 2025 (was €491)
- Profit (loss) carried forward -€45,497
down €45,497, from €1,139 to -€44,358
- Other debts +€39,437
up €39,437 (+1,030%), from €3,828 to €43,265
- Tax, wage and social debts -€3,299
down €3,299 (-92.5%), from €3,565 to €266
of which Taxes: -€3,299
- Trade debts +€1,009
up €1,009 (+432%), from €234 to €1,243
- Gross operating margin -€44,116
down €44,116, from €3,226 to -€40,890
- Taxes +€1,363
up €1,363 (+185%), from €737 to €2,100
- Depreciation +€824
up €824 (+95.7%), from €861 to €1,684
- Other operating charges -€619
down €619 (-52.5%), from €1,179 to €560
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 | €15,710 | €7,392 | -€8,318 | -52.9% |
| Fixed assets | 21/28 | €6,048 | €4,363 | -€1,684 | -27.9% |
| Tangible fixed assets | 22/27 | €6,048 | €4,363 | -€1,684 | -27.9% |
| Furniture and vehicles | 24 | €6,048 | €4,363 | -€1,684 | -27.9% |
| Current assets | 29/58 | €9,662 | €3,029 | -€6,634 | -68.7% |
| Amounts receivable within one year | 40/41 | €8,556 | €546 | -€8,010 | -93.6% |
| Trade receivables | 40 | €4,654 | €0 | -€4,654 | -100% |
| Other amounts receivable | 41 | €3,902 | €546 | -€3,356 | -86.0% |
| Cash at bank and in hand | 54/58 | €615 | €2,482 | +€1,867 | +304% |
| Deferred charges and accrued income | 490/1 | €491 | - | -€491 | |
| Total equity and liabilities | 10/49 | €15,710 | €7,392 | -€8,318 | -52.9% |
| Equity | 10/15 | €8,068 | -€37,429 | -€45,497 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €729 | €729 | = | 0.0% |
| Non-distributable reserves | 130/1 | €729 | €729 | = | 0.0% |
| Reserves not available under the articles | 1311 | €729 | €729 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,139 | -€44,358 | -€45,497 | |
| Amounts payable | 17/49 | €7,642 | €44,821 | +€37,179 | +486% |
| Amounts payable within one year | 42/48 | €7,642 | €44,821 | +€37,179 | +486% |
| Financial debts | 43 | €16 | €48 | +€32 | +197% |
| Credit institutions | 430/8 | €16 | €48 | +€32 | +197% |
| Trade debts | 44 | €234 | €1,243 | +€1,009 | +432% |
| Suppliers | 440/4 | €234 | €1,243 | +€1,009 | +432% |
| Taxes, remuneration and social security | 45 | €3,565 | €266 | -€3,299 | -92.5% |
| Taxes | 450/3 | €3,565 | €266 | -€3,299 | -92.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €3,828 | €43,265 | +€39,437 | +1,030% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €861 | €1,684 | +€824 | +95.7% |
| Other operating charges | 640/8 | €1,179 | €560 | -€619 | -52.5% |
| Gross operating margin | 9900 | €3,226 | -€40,890 | -€44,116 | |
| Operating profit (loss) | 9901 | €1,187 | -€43,134 | -€44,320 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €123 | €154 | +€32 | +25.7% |
| Recurring financial charges | 65 | €123 | €154 | +€32 | +25.7% |
| Profit (loss) for the period before taxes | 9903 | €1,064 | -€43,288 | -€44,352 | |
| Income taxes | 67/77 | €737 | €2,100 | +€1,363 | +185% |
| Profit (loss) for the period | 9904 | €327 | -€45,388 | -€45,715 | |
| Profit (loss) for the period to be appropriated | 9905 | €327 | -€45,388 | -€45,715 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.