OCTOGONE: 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.
OCTOGONE
Largest movements
- Receivables after one year -€56,300
down €56,300 (-14.9%), from €376,646 to €320,346
- Receivables within one year +€19,900
up €19,900 (+13.9%), from €143,556 to €163,455
of which Trade receivables: +€19,900
- Reserves -€52,500
down €52,500 (-45.5%), from €115,359 to €62,859
of which Distributable reserves: -€52,500
- Debts after one year +€28,076
new in 2025: €28,076
- Tax, wage and social debts -€12,059
down €12,059 (-18.2%), from €66,402 to €54,343
of which Taxes: -€21,758
- Staff costs +€13,260
up €13,260 (+21.7%), from €61,142 to €74,402
- Gross operating margin -€9,177
down €9,177 (-10.3%), from €88,742 to €79,565
- Taxes -€8,946
down €8,946 (-79.3%), from €11,274 to €2,328
- Financial charges +€2,597
up €2,597 (+103.9%), from €2,500 to €5,098
- Depreciation -€912
down €912 (-95.1%), from €959 to €47
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 | €532,172 | €497,467 | -€34,705 | -6.5% |
| Fixed assets | 21/28 | €5,036 | €6,229 | +€1,193 | +23.7% |
| Tangible fixed assets | 22/27 | €4,416 | €5,609 | +€1,193 | +27.0% |
| Furniture and vehicles | 24 | €4,416 | €5,609 | +€1,193 | +27.0% |
| Financial fixed assets | 28 | €620 | €620 | = | 0.0% |
| Current assets | 29/58 | €527,136 | €491,238 | -€35,898 | -6.8% |
| Amounts receivable after more than one year | 29 | €376,646 | €320,346 | -€56,300 | -14.9% |
| Other amounts receivable | 291 | €376,646 | €320,346 | -€56,300 | -14.9% |
| Amounts receivable within one year | 40/41 | €143,556 | €163,455 | +€19,900 | +13.9% |
| Trade receivables | 40 | €135,652 | €155,552 | +€19,900 | +14.7% |
| Other amounts receivable | 41 | €7,903 | €7,903 | = | 0.0% |
| Current investments | 50/53 | €697 | €697 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €6,237 | €5,699 | -€538 | -8.6% |
| Deferred charges and accrued income | 490/1 | - | €1,041 | +€1,041 | |
| Total equity and liabilities | 10/49 | €532,172 | €497,467 | -€34,705 | -6.5% |
| Equity | 10/15 | €227,744 | €179,021 | -€48,723 | -21.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €115,359 | €62,859 | -€52,500 | -45.5% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €113,500 | €61,000 | -€52,500 | -46.3% |
| Profit (loss) carried forward | 14 | €93,793 | €97,570 | +€3,777 | +4.0% |
| Provisions and deferred taxes | 16 | €97,427 | €97,427 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €97,427 | €97,427 | = | 0.0% |
| Other liabilities and charges | 164/5 | €97,427 | €97,427 | = | 0.0% |
| Amounts payable | 17/49 | €207,001 | €221,019 | +€14,018 | +6.8% |
| Amounts payable after more than one year | 17 | - | €28,076 | +€28,076 | |
| Financial debts | 170/4 | - | €28,076 | +€28,076 | |
| Amounts payable within one year | 42/48 | €207,001 | €192,942 | -€14,059 | -6.8% |
| Financial debts | 43 | €15,446 | €10,284 | -€5,162 | -33.4% |
| Credit institutions | 430/8 | €15,446 | €10,284 | -€5,162 | -33.4% |
| Trade debts | 44 | €71,903 | €74,903 | +€3,000 | +4.2% |
| Suppliers | 440/4 | €71,903 | €74,903 | +€3,000 | +4.2% |
| Taxes, remuneration and social security | 45 | €66,402 | €54,343 | -€12,059 | -18.2% |
| Taxes | 450/3 | €40,968 | €19,210 | -€21,758 | -53.1% |
| Remuneration and social security | 454/9 | €25,433 | €35,132 | +€9,699 | +38.1% |
| Other amounts payable | 47/48 | €53,250 | €53,413 | +€163 | +0.3% |
| Remuneration, social security and pensions | 62 | €61,142 | €74,402 | +€13,260 | +21.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €959 | €47 | -€912 | -95.1% |
| Other operating charges | 640/8 | €240 | €947 | +€707 | +295.1% |
| Gross operating margin | 9900 | €88,742 | €79,565 | -€9,177 | -10.3% |
| Operating profit (loss) | 9901 | €26,401 | €4,169 | -€22,232 | -84.2% |
| Financial income | 75/76B | €7,387 | €7,034 | -€353 | -4.8% |
| Recurring financial income | 75 | €7,387 | €7,034 | -€353 | -4.8% |
| Financial charges | 65/66B | €2,500 | €5,098 | +€2,597 | +103.9% |
| Recurring financial charges | 65 | €2,500 | €5,098 | +€2,597 | +103.9% |
| Profit (loss) for the period before taxes | 9903 | €31,288 | €6,105 | -€25,183 | -80.5% |
| Income taxes | 67/77 | €11,274 | €2,328 | -€8,946 | -79.3% |
| Profit (loss) for the period | 9904 | €20,014 | €3,777 | -€16,237 | -81.1% |
| Profit (loss) for the period to be appropriated | 9905 | €20,014 | €3,777 | -€16,237 | -81.1% |
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 10 October 2026 via checked.be.