OGBAY: what changed
Two fiscal 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.
OGBAY
Largest movements
- Receivables within one year +€222,283
up €222,283 (+50015.2%), from €444 to €222,727
of which Trade receivables: +€214,651
- Tangible fixed assets +€16,038
up €16,038 (+225.2%), from €7,120 to €23,158
- Cash +€13,251
up €13,251 (+198.5%), from €6,674 to €19,925
mainly Trade debts (+€191,778) and Net result for the year (+€48,918)
- Trade debts +€191,778
up €191,778 (+657.8%), from €29,154 to €220,933
- Profit (loss) carried forward +€48,918
up €48,918, from -€4,478 to €44,440
- Tax, wage and social debts +€17,045
up €17,045 (+178.2%), from €9,565 to €26,610
of which Taxes: +€15,521
- Other debts -€4,998
no longer reported in 2024 (was €4,998)
- Gross operating margin +€103,634
up €103,634 (+512.2%), from €20,233 to €123,868
- Staff costs +€26,771
up €26,771 (+117.5%), from €22,794 to €49,565
- Taxes +€12,675
new in 2024: €12,675
- Other operating charges +€4,632
up €4,632 (+3380.2%), from €137 to €4,769
- Depreciation +€4,454
up €4,454 (+250.2%), from €1,780 to €6,234
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €39,239 | €291,983 | +€252,744 | +644.1% |
| Fixed assets | 21/28 | €7,120 | €24,958 | +€17,838 | +250.5% |
| Tangible fixed assets | 22/27 | €7,120 | €23,158 | +€16,038 | +225.2% |
| Furniture and vehicles | 24 | €7,120 | €23,158 | +€16,038 | +225.2% |
| Financial fixed assets | 28 | - | €1,800 | +€1,800 | |
| Current assets | 29/58 | €32,119 | €267,025 | +€234,906 | +731.4% |
| Stocks and contracts in progress | 3 | €25,000 | €24,373 | -€627 | -2.5% |
| Stocks | 30/36 | €25,000 | €24,373 | -€627 | -2.5% |
| Amounts receivable within one year | 40/41 | €444 | €222,727 | +€222,283 | +50015.2% |
| Trade receivables | 40 | - | €214,651 | +€214,651 | |
| Other amounts receivable | 41 | €444 | €8,076 | +€7,632 | +1717.2% |
| Cash at bank and in hand | 54/58 | €6,674 | €19,925 | +€13,251 | +198.5% |
| Total equity and liabilities | 10/49 | €39,239 | €291,983 | +€252,744 | +644.1% |
| Equity | 10/15 | -€4,478 | €44,440 | +€48,918 | |
| Profit (loss) carried forward | 14 | -€4,478 | €44,440 | +€48,918 | |
| Amounts payable | 17/49 | €43,717 | €247,543 | +€203,826 | +466.2% |
| Amounts payable within one year | 42/48 | €43,717 | €247,543 | +€203,826 | +466.2% |
| Trade debts | 44 | €29,154 | €220,933 | +€191,778 | +657.8% |
| Suppliers | 440/4 | €29,154 | €220,933 | +€191,778 | +657.8% |
| Taxes, remuneration and social security | 45 | €9,565 | €26,610 | +€17,045 | +178.2% |
| Taxes | 450/3 | - | €15,521 | +€15,521 | |
| Remuneration and social security | 454/9 | €9,565 | €11,089 | +€1,524 | +15.9% |
| Other amounts payable | 47/48 | €4,998 | - | -€4,998 | |
| Remuneration, social security and pensions | 62 | €22,794 | €49,565 | +€26,771 | +117.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,780 | €6,234 | +€4,454 | +250.2% |
| Other operating charges | 640/8 | €137 | €4,769 | +€4,632 | +3380.2% |
| Non-recurring operating charges | 66A | - | €1,545 | +€1,545 | |
| Gross operating margin | 9900 | €20,233 | €123,868 | +€103,634 | +512.2% |
| Operating profit (loss) | 9901 | -€4,477 | €61,755 | +€66,232 | |
| Financial charges | 65/66B | €1 | €162 | +€161 | +16112.0% |
| Recurring financial charges | 65 | €1 | €162 | +€161 | +16112.0% |
| Profit (loss) for the period before taxes | 9903 | -€4,478 | €61,593 | +€66,071 | |
| Income taxes | 67/77 | - | €12,675 | +€12,675 | |
| Profit (loss) for the period | 9904 | -€4,478 | €48,918 | +€53,396 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,478 | €48,918 | +€53,396 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.