OGELIS: 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.
OGELIS
Largest movements
- Cash +€61,978
up €61,978 (+345.4%), from €17,944 to €79,922
mainly Net result for the year (+€74,371) and Current investments (+€58,049)
- Current investments -€58,049
down €58,049 (-76.8%), from €75,548 to €17,500
- Receivables within one year +€30,726
up €30,726 (+38.4%), from €79,973 to €110,699
of which Other amounts receivable: +€30,972
- Tangible fixed assets -€12,249
down €12,249 (-14.6%), from €83,864 to €71,615
of which Plant, machinery and equipment: -€10,593
- Receivables after one year -€10,642
down €10,642 (-4.0%), from €266,370 to €255,728
- Reserves +€28,800
up €28,800 (+5.8%), from €494,450 to €523,250
- Debts after one year -€15,513
down €15,513 (-49.7%), from €31,236 to €15,722
- Tax, wage and social debts -€6,149
down €6,149 (-16.8%), from €36,520 to €30,371
of which Taxes: -€4,840
- Gross operating margin -€51,750
down €51,750 (-28.1%), from €183,966 to €132,215
- Taxes -€14,218
down €14,218 (-28.6%), from €49,748 to €35,530
- Depreciation +€4,759
up €4,759 (+24.4%), from €19,526 to €24,285
- Financial income +€2,596
up €2,596 (+65.0%), from €3,994 to €6,591
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 | €581,447 | €593,659 | +€12,212 | +2.1% |
| Fixed assets | 21/28 | €133,921 | €121,672 | -€12,249 | -9.1% |
| Tangible fixed assets | 22/27 | €83,864 | €71,615 | -€12,249 | -14.6% |
| Land and buildings | 22 | €1,978 | €1,582 | -€396 | -20.0% |
| Plant, machinery and equipment | 23 | €46,042 | €35,449 | -€10,593 | -23.0% |
| Furniture and vehicles | 24 | €28,053 | €28,715 | +€662 | +2.4% |
| Other tangible fixed assets | 26 | €7,791 | €5,869 | -€1,922 | -24.7% |
| Financial fixed assets | 28 | €50,057 | €50,057 | = | 0.0% |
| Current assets | 29/58 | €447,526 | €471,987 | +€24,461 | +5.5% |
| Amounts receivable after more than one year | 29 | €266,370 | €255,728 | -€10,642 | -4.0% |
| Other amounts receivable | 291 | €266,370 | €255,728 | -€10,642 | -4.0% |
| Amounts receivable within one year | 40/41 | €79,973 | €110,699 | +€30,726 | +38.4% |
| Trade receivables | 40 | €29,923 | €29,677 | -€246 | -0.8% |
| Other amounts receivable | 41 | €50,050 | €81,022 | +€30,972 | +61.9% |
| Current investments | 50/53 | €75,548 | €17,500 | -€58,049 | -76.8% |
| Cash at bank and in hand | 54/58 | €17,944 | €79,922 | +€61,978 | +345.4% |
| Deferred charges and accrued income | 490/1 | €7,691 | €8,138 | +€447 | +5.8% |
| Total equity and liabilities | 10/49 | €581,447 | €593,659 | +€12,212 | +2.1% |
| Equity | 10/15 | €494,487 | €523,357 | +€28,871 | +5.8% |
| Contributions | 10/11 | €0 | - | = | |
| Reserves | 13 | €494,450 | €523,250 | +€28,800 | +5.8% |
| Distributable reserves | 133 | €494,450 | €523,250 | +€28,800 | +5.8% |
| Profit (loss) carried forward | 14 | €37 | €107 | +€71 | +192.6% |
| Amounts payable | 17/49 | €86,960 | €70,302 | -€16,659 | -19.2% |
| Amounts payable after more than one year | 17 | €31,236 | €15,722 | -€15,513 | -49.7% |
| Financial debts | 170/4 | €31,236 | €15,722 | -€15,513 | -49.7% |
| Amounts payable within one year | 42/48 | €55,579 | €54,537 | -€1,042 | -1.9% |
| Current portion of amounts payable after more than one year | 42 | €14,843 | €15,513 | +€670 | +4.5% |
| Financial debts | 43 | €3,600 | €5,399 | +€1,798 | +50.0% |
| Other loans | 439 | €3,600 | €5,399 | +€1,798 | +50.0% |
| Trade debts | 44 | €615 | €3,254 | +€2,638 | +428.8% |
| Suppliers | 440/4 | €615 | €3,254 | +€2,638 | +428.8% |
| Taxes, remuneration and social security | 45 | €36,520 | €30,371 | -€6,149 | -16.8% |
| Taxes | 450/3 | €35,211 | €30,371 | -€4,840 | -13.7% |
| Remuneration and social security | 454/9 | €1,309 | €0 | -€1,309 | -100.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €145 | €42 | -€103 | -71.0% |
| Non-recurring operating income | 76A | €21,028 | €0 | -€21,028 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,526 | €24,285 | +€4,759 | +24.4% |
| Other operating charges | 640/8 | €1,758 | €1,622 | -€135 | -7.7% |
| Gross operating margin | 9900 | €183,966 | €132,215 | -€51,750 | -28.1% |
| Operating profit (loss) | 9901 | €162,682 | €106,308 | -€56,374 | -34.7% |
| Financial income | 75/76B | €3,994 | €6,591 | +€2,596 | +65.0% |
| Recurring financial income | 75 | €3,994 | €6,591 | +€2,596 | +65.0% |
| Financial charges | 65/66B | €2,692 | €2,998 | +€307 | +11.4% |
| Recurring financial charges | 65 | €2,692 | €2,998 | +€307 | +11.4% |
| Profit (loss) for the period before taxes | 9903 | €163,985 | €109,901 | -€54,084 | -33.0% |
| Income taxes | 67/77 | €49,748 | €35,530 | -€14,218 | -28.6% |
| Profit (loss) for the period | 9904 | €114,237 | €74,371 | -€39,866 | -34.9% |
| Profit (loss) for the period to be appropriated | 9905 | €114,237 | €74,371 | -€39,866 | -34.9% |
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 12 October 2026 via checked.be.