Ocel Vastgoedexpertises: 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.
Ocel Vastgoedexpertises
Largest movements
- Receivables within one year +€72,513
up €72,513 (+28.4%), from €255,549 to €328,062
of which Other amounts receivable: +€56,626
- Cash -€5,762
down €5,762 (-96.9%), from €5,945 to €184
mainly Receivables within one year (-€72,513) and Tax, wage and social debts (-€27,785)
- Profit (loss) carried forward +€91,821
up €91,821 (+48.3%), from €190,026 to €281,846
- Tax, wage and social debts -€27,785
down €27,785 (-55.0%), from €50,476 to €22,691
- Short-term financial debts +€6,742
new in 2025: €6,742
- Trade debts -€4,968
down €4,968 (-24.0%), from €20,707 to €15,740
- Financial income -€42,547
down €42,547 (-75.2%), from €56,569 to €14,022
of which Financial income: -€37,598
- Gross operating margin +€17,419
up €17,419 (+19.7%), from €88,434 to €105,854
- Taxes +€7,081
up €7,081 (+41.1%), from €17,219 to €24,300
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 | €282,422 | €349,239 | +€66,817 | +23.7% |
| Fixed assets | 21/28 | €20,375 | €20,210 | -€165 | -0.8% |
| Tangible fixed assets | 22/27 | €308 | €143 | -€165 | -53.7% |
| Plant, machinery and equipment | 23 | €308 | €143 | -€165 | -53.7% |
| Financial fixed assets | 28 | €20,067 | €20,067 | = | 0.0% |
| Current assets | 29/58 | €262,047 | €329,029 | +€66,982 | +25.6% |
| Amounts receivable within one year | 40/41 | €255,549 | €328,062 | +€72,513 | +28.4% |
| Trade receivables | 40 | €27,933 | €43,819 | +€15,887 | +56.9% |
| Other amounts receivable | 41 | €227,617 | €284,243 | +€56,626 | +24.9% |
| Cash at bank and in hand | 54/58 | €5,945 | €184 | -€5,762 | -96.9% |
| Deferred charges and accrued income | 490/1 | €553 | €783 | +€231 | +41.8% |
| Total equity and liabilities | 10/49 | €282,422 | €349,239 | +€66,817 | +23.7% |
| Equity | 10/15 | €211,239 | €303,060 | +€91,821 | +43.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €11,213 | €11,213 | = | 0.0% |
| Distributable reserves | 133 | €11,213 | €11,213 | = | 0.0% |
| Profit (loss) carried forward | 14 | €190,026 | €281,846 | +€91,821 | +48.3% |
| Amounts payable | 17/49 | €71,183 | €46,179 | -€25,004 | -35.1% |
| Amounts payable within one year | 42/48 | €71,183 | €45,172 | -€26,011 | -36.5% |
| Financial debts | 43 | - | €6,742 | +€6,742 | |
| Credit institutions | 430/8 | - | €6,742 | +€6,742 | |
| Trade debts | 44 | €20,707 | €15,740 | -€4,968 | -24.0% |
| Suppliers | 440/4 | €20,707 | €15,740 | -€4,968 | -24.0% |
| Taxes, remuneration and social security | 45 | €50,476 | €22,691 | -€27,785 | -55.0% |
| Taxes | 450/3 | €50,476 | €22,691 | -€27,785 | -55.0% |
| Accrued charges and deferred income | 492/3 | - | €1,007 | +€1,007 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €165 | €165 | = | 0.0% |
| Other operating charges | 640/8 | €1,096 | €762 | -€335 | -30.5% |
| Gross operating margin | 9900 | €88,434 | €105,854 | +€17,419 | +19.7% |
| Operating profit (loss) | 9901 | €87,173 | €104,927 | +€17,754 | +20.4% |
| Financial income | 75/76B | €56,569 | €14,022 | -€42,547 | -75.2% |
| Recurring financial income | 75 | €51,620 | €14,022 | -€37,598 | -72.8% |
| Non-recurring financial income | 76B | €4,949 | - | -€4,949 | |
| Financial charges | 65/66B | €2,545 | €2,829 | +€284 | +11.1% |
| Recurring financial charges | 65 | €2,545 | €2,829 | +€284 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | €141,197 | €116,120 | -€25,076 | -17.8% |
| Income taxes | 67/77 | €17,219 | €24,300 | +€7,081 | +41.1% |
| Profit (loss) for the period | 9904 | €123,978 | €91,821 | -€32,157 | -25.9% |
| Profit (loss) for the period to be appropriated | 9905 | €123,978 | €91,821 | -€32,157 | -25.9% |
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 19 October 2026 via checked.be.