OCEAN KING: 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.
OCEAN KING
Largest movements
- Cash -€59,398
down €59,398 (-61.3%), from €96,878 to €37,480
mainly Other debts (-€47,571) and Net result for the year (-€43,742)
- Tangible fixed assets -€30,976
down €30,976 (-3.5%), from €880,367 to €849,391
of which Land and buildings: -€29,809
- Deferred charges and accrued income -€11,687
down €11,687 (-39.0%), from €29,989 to €18,302
- Other debts -€47,571
down €47,571 (-31.3%), from €151,878 to €104,307
- Profit (loss) carried forward -€38,002
down €38,002 (-51.1%), from €74,426 to €36,424
- Debts after one year -€18,384
down €18,384 (-3.6%), from €511,134 to €492,750
- Depreciation +€5,650
up €5,650 (+17.2%), from €32,765 to €38,415
- Gross operating margin -€3,980
down €3,980 (-12.9%), from €30,938 to €26,958
- Financial charges +€1,466
up €1,466 (+6.7%), from €22,039 to €23,505
- Other operating charges +€1,215
up €1,215 (+13.6%), from €8,948 to €10,164
- Taxes +€319
up €319 (+150.7%), from €211 to €530
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 | €1,011,683 | €907,648 | -€104,035 | -10.3% |
| Fixed assets | 21/28 | €882,843 | €851,867 | -€30,976 | -3.5% |
| Tangible fixed assets | 22/27 | €880,367 | €849,391 | -€30,976 | -3.5% |
| Land and buildings | 22 | €826,786 | €796,977 | -€29,809 | -3.6% |
| Furniture and vehicles | 24 | €2,579 | €1,612 | -€967 | -37.5% |
| Other tangible fixed assets | 26 | €51,002 | €50,803 | -€199 | -0.4% |
| Financial fixed assets | 28 | €2,476 | €2,476 | = | 0.0% |
| Current assets | 29/58 | €128,840 | €55,781 | -€73,059 | -56.7% |
| Amounts receivable within one year | 40/41 | €1,974 | - | -€1,974 | |
| Trade receivables | 40 | €1,974 | - | -€1,974 | |
| Cash at bank and in hand | 54/58 | €96,878 | €37,480 | -€59,398 | -61.3% |
| Deferred charges and accrued income | 490/1 | €29,989 | €18,302 | -€11,687 | -39.0% |
| Total equity and liabilities | 10/49 | €1,011,683 | €907,648 | -€104,035 | -10.3% |
| Equity | 10/15 | €274,024 | €230,282 | -€43,742 | -16.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €180,998 | €175,258 | -€5,740 | -3.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €166,638 | €160,898 | -€5,740 | -3.4% |
| Distributable reserves | 133 | €12,500 | €12,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €74,426 | €36,424 | -€38,002 | -51.1% |
| Provisions and deferred taxes | 16 | €55,546 | €53,633 | -€1,913 | -3.4% |
| Deferred taxes | 168 | €55,546 | €53,633 | -€1,913 | -3.4% |
| Amounts payable | 17/49 | €682,113 | €623,733 | -€58,380 | -8.6% |
| Amounts payable after more than one year | 17 | €511,134 | €492,750 | -€18,384 | -3.6% |
| Financial debts | 170/4 | €511,134 | €492,750 | -€18,384 | -3.6% |
| Amounts payable within one year | 42/48 | €170,691 | €126,078 | -€44,612 | -26.1% |
| Current portion of amounts payable after more than one year | 42 | €17,578 | €18,384 | +€806 | +4.6% |
| Trade debts | 44 | €1,023 | €2,857 | +€1,834 | +179.2% |
| Suppliers | 440/4 | €1,023 | €2,857 | +€1,834 | +179.2% |
| Taxes, remuneration and social security | 45 | €211 | €530 | +€319 | +150.7% |
| Taxes | 450/3 | €211 | €530 | +€319 | +150.7% |
| Other amounts payable | 47/48 | €151,878 | €104,307 | -€47,571 | -31.3% |
| Accrued charges and deferred income | 492/3 | €288 | €4,905 | +€4,617 | +1601.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,765 | €38,415 | +€5,650 | +17.2% |
| Other operating charges | 640/8 | €8,948 | €10,164 | +€1,215 | +13.6% |
| Gross operating margin | 9900 | €30,938 | €26,958 | -€3,980 | -12.9% |
| Operating profit (loss) | 9901 | -€10,775 | -€21,620 | -€10,845 | -100.7% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €22,039 | €23,505 | +€1,466 | +6.7% |
| Recurring financial charges | 65 | €22,039 | €23,505 | +€1,466 | +6.7% |
| Profit (loss) for the period before taxes | 9903 | -€32,814 | -€45,126 | -€12,312 | -37.5% |
| Transfer from deferred taxes | 780 | €1,913 | €1,913 | = | 0.0% |
| Income taxes | 67/77 | €211 | €530 | +€319 | +150.7% |
| Profit (loss) for the period | 9904 | -€31,112 | -€43,742 | -€12,630 | -40.6% |
| Transfer from tax-exempt reserves | 789 | €5,740 | €5,740 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,372 | -€38,002 | -€12,630 | -49.8% |
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 7 October 2026 via checked.be.