OCTABEL: 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.
OCTABEL
Largest movements
- Tangible fixed assets +€112,116
up €112,116 (+66.8%), from €167,934 to €280,051
of which Land and buildings: +€111,793
- Cash -€16,259
down €16,259 (-83.5%), from €19,475 to €3,216
mainly Investment in fixed assets (net) (-€132,961) and Trade debts (-€4,600)
- Receivables within one year -€8,705
down €8,705 (-26.5%), from €32,880 to €24,175
of which Other amounts receivable: -€7,268
- Reserves +€274,709
new in 2025: €274,709
- Profit (loss) carried forward -€212,098
no longer reported in 2025 (was €212,098)
- Other debts +€29,314
new in 2025: €29,314
- Trade debts -€4,600
down €4,600 (-68.7%), from €6,696 to €2,096
- Other operating charges +€17,501
up €17,501 (+2,535%), from €690 to €18,192
- Depreciation +€16,166
up €16,166 (+346%), from €4,678 to €20,845
- Taxes -€8,819
down €8,819 (-33.1%), from €26,653 to €17,834
- Gross operating margin -€4,538
down €4,538 (-3.7%), from €123,920 to €119,381
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 | €220,926 | €308,119 | +€87,194 | +39.5% |
| Fixed assets | 21/28 | €167,934 | €280,051 | +€112,116 | +66.8% |
| Tangible fixed assets | 22/27 | €167,934 | €280,051 | +€112,116 | +66.8% |
| Land and buildings | 22 | €167,254 | €279,047 | +€111,793 | +66.8% |
| Plant, machinery and equipment | 23 | €681 | €432 | -€248 | -36.5% |
| Furniture and vehicles | 24 | - | €572 | +€572 | |
| Current assets | 29/58 | €52,991 | €28,069 | -€24,923 | -47.0% |
| Amounts receivable within one year | 40/41 | €32,880 | €24,175 | -€8,705 | -26.5% |
| Trade receivables | 40 | €13,487 | €12,050 | -€1,437 | -10.7% |
| Other amounts receivable | 41 | €19,393 | €12,125 | -€7,268 | -37.5% |
| Cash at bank and in hand | 54/58 | €19,475 | €3,216 | -€16,259 | -83.5% |
| Deferred charges and accrued income | 490/1 | €636 | €678 | +€42 | +6.6% |
| Total equity and liabilities | 10/49 | €220,926 | €308,119 | +€87,194 | +39.5% |
| Equity | 10/15 | €214,098 | €276,709 | +€62,611 | +29.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €274,709 | +€274,709 | |
| Distributable reserves | 133 | - | €274,709 | +€274,709 | |
| Profit (loss) carried forward | 14 | €212,098 | - | -€212,098 | |
| Amounts payable | 17/49 | €6,828 | €31,410 | +€24,583 | +360% |
| Amounts payable within one year | 42/48 | €6,696 | €31,410 | +€24,714 | +369% |
| Trade debts | 44 | €6,696 | €2,096 | -€4,600 | -68.7% |
| Suppliers | 440/4 | €6,696 | €2,096 | -€4,600 | -68.7% |
| Other amounts payable | 47/48 | - | €29,314 | +€29,314 | |
| Accrued charges and deferred income | 492/3 | €131 | - | -€131 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,678 | €20,845 | +€16,166 | +346% |
| Other operating charges | 640/8 | €690 | €18,192 | +€17,501 | +2,535% |
| Gross operating margin | 9900 | €123,920 | €119,381 | -€4,538 | -3.7% |
| Operating profit (loss) | 9901 | €118,551 | €80,345 | -€38,206 | -32.2% |
| Financial income | 75/76B | €285 | €232 | -€53 | -18.7% |
| Recurring financial income | 75 | €285 | €232 | -€53 | -18.7% |
| Financial charges | 65/66B | €125 | €132 | +€6 | +5.1% |
| Recurring financial charges | 65 | €125 | €132 | +€6 | +5.1% |
| Profit (loss) for the period before taxes | 9903 | €118,711 | €80,445 | -€38,265 | -32.2% |
| Income taxes | 67/77 | €26,653 | €17,834 | -€8,819 | -33.1% |
| Profit (loss) for the period | 9904 | €92,057 | €62,611 | -€29,446 | -32.0% |
| Profit (loss) for the period to be appropriated | 9905 | €92,057 | €62,611 | -€29,446 | -32.0% |
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 24 October 2026 via checked.be.