OCAMO: 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.
OCAMO
Largest movements
- Tangible fixed assets -€1.3m
down €1.3m (-37.2%), from €3.4m to €2.1m
- Receivables within one year -€390,308
down €390,308 (-74.9%), from €520,908 to €130,601
of which Trade receivables: -€294,006
- Deferred charges and accrued income -€66,534
down €66,534 (-83.1%), from €80,050 to €13,516
- Debts after one year -€1.2m
down €1.2m (-43.6%), from €2.8m to €1.6m
- Current portion of long-term debt -€504,094
down €504,094 (-56.6%), from €890,327 to €386,233
- Profit (loss) carried forward +€270,696
up €270,696, from -€19,719 to €250,977
- Trade debts -€104,569
down €104,569 (-73.7%), from €141,928 to €37,358
- Advances received -€56,940
down €56,940 (-100.0%), from €56,940 to €0
- Gross operating margin +€488,140
up €488,140 (+90.4%), from €540,092 to €1.0m
- Staff costs +€209,696
up €209,696 (+85.3%), from €245,872 to €455,568
- Provisions -€90,000
down €90,000, from €60,000 to -€30,000
- Taxes +€67,856
up €67,856, from €0 to €67,856
- Depreciation -€28,419
down €28,419 (-19.0%), from €149,504 to €121,085
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 | €4,033,243 | €2,360,342 | -€1.7m | -41.5% |
| Fixed assets | 21/28 | €3,366,473 | €2,112,800 | -€1.3m | -37.2% |
| Tangible fixed assets | 22/27 | €3,366,473 | €2,112,800 | -€1.3m | -37.2% |
| Furniture and vehicles | 24 | €3,366,473 | €2,112,800 | -€1.3m | -37.2% |
| Current assets | 29/58 | €666,769 | €247,542 | -€419,227 | -62.9% |
| Amounts receivable within one year | 40/41 | €520,908 | €130,601 | -€390,308 | -74.9% |
| Trade receivables | 40 | €402,100 | €108,094 | -€294,006 | -73.1% |
| Other amounts receivable | 41 | €118,808 | €22,506 | -€96,302 | -81.1% |
| Cash at bank and in hand | 54/58 | €65,811 | €103,426 | +€37,614 | +57.2% |
| Deferred charges and accrued income | 490/1 | €80,050 | €13,516 | -€66,534 | -83.1% |
| Total equity and liabilities | 10/49 | €4,033,243 | €2,360,342 | -€1.7m | -41.5% |
| Equity | 10/15 | €281 | €270,977 | +€270,696 | +96213.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,719 | €250,977 | +€270,696 | |
| Provisions and deferred taxes | 16 | €90,000 | €60,000 | -€30,000 | -33.3% |
| Provisions for liabilities and charges | 160/5 | €90,000 | €60,000 | -€30,000 | -33.3% |
| Major repairs and maintenance | 162 | €90,000 | €60,000 | -€30,000 | -33.3% |
| Amounts payable | 17/49 | €3,942,961 | €2,029,365 | -€1.9m | -48.5% |
| Amounts payable after more than one year | 17 | €2,753,770 | €1,553,341 | -€1.2m | -43.6% |
| Financial debts | 170/4 | €2,753,770 | €1,553,341 | -€1.2m | -43.6% |
| Amounts payable within one year | 42/48 | €1,139,727 | €476,024 | -€663,703 | -58.2% |
| Current portion of amounts payable after more than one year | 42 | €890,327 | €386,233 | -€504,094 | -56.6% |
| Financial debts | 43 | €33,807 | €20,882 | -€12,926 | -38.2% |
| Credit institutions | 430/8 | €33,807 | €20,882 | -€12,926 | -38.2% |
| Trade debts | 44 | €141,928 | €37,358 | -€104,569 | -73.7% |
| Suppliers | 440/4 | €141,928 | €37,358 | -€104,569 | -73.7% |
| Advances received on contracts in progress | 46 | €56,940 | €0 | -€56,940 | -100.0% |
| Taxes, remuneration and social security | 45 | €16,725 | €31,551 | +€14,826 | +88.6% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €16,725 | €31,551 | +€14,826 | +88.6% |
| Accrued charges and deferred income | 492/3 | €49,464 | €0 | -€49,464 | -100.0% |
| Non-recurring operating income | 76A | - | €252,024 | +€252,024 | |
| Remuneration, social security and pensions | 62 | €245,872 | €455,568 | +€209,696 | +85.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €149,504 | €121,085 | -€28,419 | -19.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €60,000 | -€30,000 | -€90,000 | |
| Other operating charges | 640/8 | €14,465 | €16,616 | +€2,151 | +14.9% |
| Gross operating margin | 9900 | €540,092 | €1,028,232 | +€488,140 | +90.4% |
| Operating profit (loss) | 9901 | €70,251 | €464,964 | +€394,713 | +561.9% |
| Financial income | 75/76B | €2 | €527 | +€525 | +27226.4% |
| Recurring financial income | 75 | €2 | €527 | +€525 | +27226.4% |
| Financial charges | 65/66B | €124,955 | €126,939 | +€1,985 | +1.6% |
| Recurring financial charges | 65 | €124,955 | €126,939 | +€1,985 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | -€54,702 | €338,552 | +€393,253 | |
| Income taxes | 67/77 | €0 | €67,856 | +€67,856 | |
| Profit (loss) for the period | 9904 | -€54,702 | €270,696 | +€325,398 | |
| Profit (loss) for the period to be appropriated | 9905 | -€54,702 | €270,696 | +€325,398 |
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 11 October 2026 via checked.be.