OCTAVIO: 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.
OCTAVIO
Largest movements
- Deferred charges and accrued income +€126,460
up €126,460 (+56.7%), from €223,048 to €349,508
- Intangible fixed assets -€79,491
down €79,491 (-11.8%), from €671,577 to €592,086
- Receivables within one year -€61,196
down €61,196 (-17.9%), from €341,971 to €280,774
of which Trade receivables: -€77,593
- Reserves -€229,005
down €229,005 (-44.2%), from €517,989 to €288,984
- Short-term financial debts +€215,000
up €215,000 (+538%), from €40,000 to €255,000
- Trade debts -€148,918
down €148,918 (-34.5%), from €431,162 to €282,244
- Current portion of long-term debt +€66,828
up €66,828 (+97.4%), from €68,637 to €135,466
- Debts after one year +€43,304
up €43,304 (+15.9%), from €272,043 to €315,347
- Staff costs +€112,126
up €112,126 (+21.7%), from €517,799 to €629,925
- Taxes -€24,503
down €24,503 (-64.4%), from €38,039 to €13,535
- Gross operating margin +€18,070
up €18,070 (+2.3%), from €790,518 to €808,588
- Financial charges +€15,053
up €15,053 (+90.8%), from €16,569 to €31,622
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 | €1,427,420 | €1,400,596 | -€26,824 | -1.9% |
| Fixed assets | 21/28 | €840,114 | €754,759 | -€85,355 | -10.2% |
| Intangible fixed assets | 21 | €671,577 | €592,086 | -€79,491 | -11.8% |
| Tangible fixed assets | 22/27 | €43,553 | €37,690 | -€5,863 | -13.5% |
| Plant, machinery and equipment | 23 | €4,589 | €9,214 | +€4,626 | +101% |
| Furniture and vehicles | 24 | €37,564 | €28,475 | -€9,089 | -24.2% |
| Other tangible fixed assets | 26 | €1,400 | - | -€1,400 | |
| Financial fixed assets | 28 | €124,984 | €124,984 | = | 0.0% |
| Current assets | 29/58 | €587,306 | €645,836 | +€58,530 | +10.0% |
| Amounts receivable within one year | 40/41 | €341,971 | €280,774 | -€61,196 | -17.9% |
| Trade receivables | 40 | €79,008 | €1,414 | -€77,593 | -98.2% |
| Other amounts receivable | 41 | €262,963 | €279,360 | +€16,397 | +6.2% |
| Cash at bank and in hand | 54/58 | €22,288 | €15,554 | -€6,734 | -30.2% |
| Deferred charges and accrued income | 490/1 | €223,048 | €349,508 | +€126,460 | +56.7% |
| Total equity and liabilities | 10/49 | €1,427,420 | €1,400,596 | -€26,824 | -1.9% |
| Equity | 10/15 | €541,201 | €312,196 | -€229,005 | -42.3% |
| Contributions | 10/11 | €23,212 | €23,212 | = | 0.0% |
| Reserves | 13 | €517,989 | €288,984 | -€229,005 | -44.2% |
| Distributable reserves | 133 | €517,989 | €288,984 | -€229,005 | -44.2% |
| Amounts payable | 17/49 | €886,219 | €1,088,400 | +€202,181 | +22.8% |
| Amounts payable after more than one year | 17 | €272,043 | €315,347 | +€43,304 | +15.9% |
| Financial debts | 170/4 | €272,043 | €315,347 | +€43,304 | +15.9% |
| Amounts payable within one year | 42/48 | €614,176 | €773,053 | +€158,877 | +25.9% |
| Current portion of amounts payable after more than one year | 42 | €68,637 | €135,466 | +€66,828 | +97.4% |
| Financial debts | 43 | €40,000 | €255,000 | +€215,000 | +538% |
| Credit institutions | 430/8 | €40,000 | €255,000 | +€215,000 | +538% |
| Trade debts | 44 | €431,162 | €282,244 | -€148,918 | -34.5% |
| Suppliers | 440/4 | €431,162 | €282,244 | -€148,918 | -34.5% |
| Taxes, remuneration and social security | 45 | €74,377 | €100,343 | +€25,966 | +34.9% |
| Taxes | 450/3 | €11,191 | €16,003 | +€4,812 | +43.0% |
| Remuneration and social security | 454/9 | €63,186 | €84,341 | +€21,154 | +33.5% |
| Non-recurring operating income | 76A | €6,285 | - | -€6,285 | |
| Remuneration, social security and pensions | 62 | €517,799 | €629,925 | +€112,126 | +21.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €114,157 | €121,062 | +€6,906 | +6.0% |
| Other operating charges | 640/8 | €655 | €575 | -€80 | -12.2% |
| Non-recurring operating charges | 66A | - | €9,000 | +€9,000 | |
| Gross operating margin | 9900 | €790,518 | €808,588 | +€18,070 | +2.3% |
| Operating profit (loss) | 9901 | €157,907 | €48,025 | -€109,882 | -69.6% |
| Financial income | 75/76B | €4,094 | €11,972 | +€7,878 | +192% |
| Recurring financial income | 75 | €4,094 | €11,972 | +€7,878 | +192% |
| Financial charges | 65/66B | €16,569 | €31,622 | +€15,053 | +90.8% |
| Recurring financial charges | 65 | €16,569 | €31,622 | +€15,053 | +90.8% |
| Profit (loss) for the period before taxes | 9903 | €145,432 | €28,375 | -€117,057 | -80.5% |
| Income taxes | 67/77 | €38,039 | €13,535 | -€24,503 | -64.4% |
| Profit (loss) for the period | 9904 | €107,393 | €14,840 | -€92,554 | -86.2% |
| Profit (loss) for the period to be appropriated | 9905 | €107,393 | €14,840 | -€92,554 | -86.2% |
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 30 October 2026 via checked.be.