OG: 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.
OG
Largest movements
- Tangible fixed assets +€405,848
up €405,848 (+49.7%), from €817,299 to €1.2m
of which Plant, machinery and equipment: +€446,307
- Receivables within one year +€221,005
up €221,005 (+74.5%), from €296,649 to €517,654
of which Other amounts receivable: +€254,145
- Cash +€202,242
up €202,242 (+281%), from €71,918 to €274,161
mainly Debts after one year (+€495,415) and Other debts (+€227,447)
- Debts after one year +€495,415
up €495,415 (+142%), from €348,052 to €843,468
of which Financial debts: +€497,476
- Other debts +€227,447
up €227,447 (+121%), from €188,214 to €415,661
- Profit (loss) carried forward +€123,049
up €123,049 (+41.3%), from €297,656 to €420,705
- Investment grants -€40,787
down €40,787 (-33.3%), from €122,360 to €81,573
- Current portion of long-term debt +€26,977
up €26,977 (+32.3%), from €83,622 to €110,599
- Staff costs -€178,487
down €178,487 (-34.8%), from €513,263 to €334,775
- Financial income +€40,934
up €40,934 (+1,437%), from €2,848 to €43,782
- Depreciation +€33,774
up €33,774 (+31.0%), from €109,043 to €142,817
- Gross operating margin -€24,355
down €24,355 (-3.1%), from €785,090 to €760,735
- Taxes +€23,459
up €23,459 (+103%), from €22,815 to €46,274
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 | €1,201,392 | €2,039,616 | +€838,224 | +69.8% |
| Fixed assets | 21/28 | €818,094 | €1,223,942 | +€405,848 | +49.6% |
| Tangible fixed assets | 22/27 | €817,299 | €1,223,148 | +€405,848 | +49.7% |
| Land and buildings | 22 | €164,762 | €137,302 | -€27,460 | -16.7% |
| Plant, machinery and equipment | 23 | €618,302 | €1,064,609 | +€446,307 | +72.2% |
| Furniture and vehicles | 24 | €2,237 | €4,443 | +€2,206 | +98.6% |
| Leasing and similar rights | 25 | €31,999 | €16,794 | -€15,204 | -47.5% |
| Financial fixed assets | 28 | €794 | €794 | = | 0.0% |
| Current assets | 29/58 | €383,298 | €815,674 | +€432,376 | +113% |
| Stocks and contracts in progress | 3 | €12,835 | €20,830 | +€7,995 | +62.3% |
| Stocks | 30/36 | €12,835 | €20,830 | +€7,995 | +62.3% |
| Amounts receivable within one year | 40/41 | €296,649 | €517,654 | +€221,005 | +74.5% |
| Trade receivables | 40 | €37,099 | €3,959 | -€33,140 | -89.3% |
| Other amounts receivable | 41 | €259,551 | €513,695 | +€254,145 | +97.9% |
| Cash at bank and in hand | 54/58 | €71,918 | €274,161 | +€202,242 | +281% |
| Deferred charges and accrued income | 490/1 | €1,896 | €3,029 | +€1,133 | +59.8% |
| Total equity and liabilities | 10/49 | €1,201,392 | €2,039,616 | +€838,224 | +69.8% |
| Equity | 10/15 | €428,076 | €510,338 | +€82,262 | +19.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €297,656 | €420,705 | +€123,049 | +41.3% |
| Investment grants | 15 | €122,360 | €81,573 | -€40,787 | -33.3% |
| Amounts payable | 17/49 | €773,316 | €1,529,278 | +€755,962 | +97.8% |
| Amounts payable after more than one year | 17 | €348,052 | €843,468 | +€495,415 | +142% |
| Financial debts | 170/4 | €341,915 | €839,391 | +€497,476 | +145% |
| Other amounts payable | 178/9 | €6,138 | €4,076 | -€2,061 | -33.6% |
| Amounts payable within one year | 42/48 | €425,264 | €685,810 | +€260,547 | +61.3% |
| Current portion of amounts payable after more than one year | 42 | €83,622 | €110,599 | +€26,977 | +32.3% |
| Trade debts | 44 | €85,704 | €70,069 | -€15,635 | -18.2% |
| Suppliers | 440/4 | €85,704 | €70,069 | -€15,635 | -18.2% |
| Taxes, remuneration and social security | 45 | €67,724 | €89,481 | +€21,758 | +32.1% |
| Taxes | 450/3 | €22,884 | €66,062 | +€43,178 | +189% |
| Remuneration and social security | 454/9 | €44,839 | €23,419 | -€21,420 | -47.8% |
| Other amounts payable | 47/48 | €188,214 | €415,661 | +€227,447 | +121% |
| Remuneration, social security and pensions | 62 | €513,263 | €334,775 | -€178,487 | -34.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €109,043 | €142,817 | +€33,774 | +31.0% |
| Other operating charges | 640/8 | €4,214 | €3,941 | -€273 | -6.5% |
| Gross operating margin | 9900 | €785,090 | €760,735 | -€24,355 | -3.1% |
| Operating profit (loss) | 9901 | €158,571 | €279,202 | +€120,631 | +76.1% |
| Financial income | 75/76B | €2,848 | €43,782 | +€40,934 | +1,437% |
| Recurring financial income | 75 | €2,848 | €43,782 | +€40,934 | +1,437% |
| Financial charges | 65/66B | €35,884 | €53,662 | +€17,777 | +49.5% |
| Recurring financial charges | 65 | €35,884 | €53,662 | +€17,777 | +49.5% |
| Profit (loss) for the period before taxes | 9903 | €125,535 | €269,323 | +€143,788 | +115% |
| Income taxes | 67/77 | €22,815 | €46,274 | +€23,459 | +103% |
| Profit (loss) for the period | 9904 | €102,720 | €223,049 | +€120,329 | +117% |
| Profit (loss) for the period to be appropriated | 9905 | €102,720 | €223,049 | +€120,329 | +117% |
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 16 October 2026 via checked.be.