OCTELO: what changed
OCTELO
Largest movements
- Financial fixed assets +€83,801
up €83,801 (+55.5%), from €151,097 to €234,898
- Receivables within one year -€49,659
down €49,659 (-96.9%), from €51,223 to €1,563
of which Trade receivables: -€50,642
- Cash -€37,795
down €37,795 (-38.2%), from €98,859 to €61,063
mainly Investment in fixed assets (net) (-€88,169) and Tax, wage and social debts (-€30,793)
- Deferred charges and accrued income -€8,396
down €8,396 (-68.3%), from €12,284 to €3,888
- Tangible fixed assets -€6,039
down €6,039 (-11.1%), from €54,641 to €48,602
of which Other tangible fixed assets: -€4,780
- Tax, wage and social debts -€30,793
down €30,793 (-81.7%), from €37,668 to €6,875
- Reserves +€18,000
up €18,000 (+5.7%), from €315,786 to €333,786
of which Non-distributable reserves: +€18,000
- Current portion of long-term debt -€5,736
no longer reported in 2025 (was €5,736)
- Gross operating margin -€181,087
down €181,087 (-84.6%), from €214,077 to €32,990
- Taxes -€54,214
down €54,214 (-84.1%), from €64,493 to €10,280
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €368,539 | €350,312 | -€18,227 | -4.9% |
| Fixed assets | 21/28 | €206,174 | €283,797 | +€77,624 | +37.6% |
| Intangible fixed assets | 21 | €435 | €297 | -€138 | -31.7% |
| Tangible fixed assets | 22/27 | €54,641 | €48,602 | -€6,039 | -11.1% |
| Plant, machinery and equipment | 23 | €815 | €2,697 | +€1,882 | +231% |
| Furniture and vehicles | 24 | €13,922 | €10,781 | -€3,141 | -22.6% |
| Other tangible fixed assets | 26 | €39,904 | €35,124 | -€4,780 | -12.0% |
| Financial fixed assets | 28 | €151,097 | €234,898 | +€83,801 | +55.5% |
| Current assets | 29/58 | €162,366 | €66,515 | -€95,851 | -59.0% |
| Amounts receivable within one year | 40/41 | €51,223 | €1,563 | -€49,659 | -96.9% |
| Trade receivables | 40 | €51,223 | €581 | -€50,642 | -98.9% |
| Other amounts receivable | 41 | - | €983 | +€983 | |
| Cash at bank and in hand | 54/58 | €98,859 | €61,063 | -€37,795 | -38.2% |
| Deferred charges and accrued income | 490/1 | €12,284 | €3,888 | -€8,396 | -68.3% |
| Total equity and liabilities | 10/49 | €368,539 | €350,312 | -€18,227 | -4.9% |
| Equity | 10/15 | €324,227 | €342,393 | +€18,166 | +5.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €315,786 | €333,786 | +€18,000 | +5.7% |
| Non-distributable reserves | 130/1 | €234,760 | €252,760 | +€18,000 | +7.7% |
| Reserves not available under the articles | 1311 | €234,760 | €252,760 | +€18,000 | +7.7% |
| Tax-exempt reserves | 132 | €26 | €26 | = | 0.0% |
| Distributable reserves | 133 | €81,000 | €81,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,242 | €2,408 | +€166 | +7.4% |
| Amounts payable | 17/49 | €44,312 | €7,919 | -€36,393 | -82.1% |
| Amounts payable within one year | 42/48 | €44,312 | €7,919 | -€36,393 | -82.1% |
| Current portion of amounts payable after more than one year | 42 | €5,736 | - | -€5,736 | |
| Financial debts | 43 | €289 | €423 | +€134 | +46.4% |
| Credit institutions | 430/8 | €289 | €423 | +€134 | +46.4% |
| Trade debts | 44 | €619 | €620 | +€1 | +0.2% |
| Suppliers | 440/4 | €619 | €620 | +€1 | +0.2% |
| Taxes, remuneration and social security | 45 | €37,668 | €6,875 | -€30,793 | -81.7% |
| Taxes | 450/3 | €37,668 | €6,875 | -€30,793 | -81.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,187 | €10,546 | +€1,359 | +14.8% |
| Other operating charges | 640/8 | €111 | - | -€111 | |
| Gross operating margin | 9900 | €214,077 | €32,990 | -€181,087 | -84.6% |
| Operating profit (loss) | 9901 | €204,779 | €22,444 | -€182,335 | -89.0% |
| Financial income | 75/76B | €4,324 | €6,444 | +€2,120 | +49.0% |
| Recurring financial income | 75 | €4,324 | €6,444 | +€2,120 | +49.0% |
| Financial charges | 65/66B | €1,618 | €442 | -€1,176 | -72.7% |
| Recurring financial charges | 65 | €1,618 | €442 | -€1,176 | -72.7% |
| Profit (loss) for the period before taxes | 9903 | €207,485 | €28,446 | -€179,039 | -86.3% |
| Income taxes | 67/77 | €64,493 | €10,280 | -€54,214 | -84.1% |
| Profit (loss) for the period | 9904 | €142,992 | €18,166 | -€124,825 | -87.3% |
| Profit (loss) for the period to be appropriated | 9905 | €142,992 | €18,166 | -€124,825 | -87.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.