OGER: 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.
OGER
Largest movements
- Tangible fixed assets -€110,324
down €110,324 (-24.5%), from €450,963 to €340,640
of which Land and buildings: -€106,706
- Receivables within one year +€60,300
up €60,300 (+1732.3%), from €3,481 to €63,781
- Other debts -€129,994
down €129,994 (-97.0%), from €134,004 to €4,010
- Profit (loss) carried forward +€114,667
up €114,667 (+24.0%), from -€476,998 to -€362,331
- Debts after one year -€34,934
down €34,934 (-4.9%), from €712,589 to €677,655
- Gross operating margin +€169,171
up €169,171 (+535.5%), from €31,594 to €200,765
- Depreciation -€2,345
down €2,345 (-3.3%), from €70,795 to €68,450
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 | €621,753 | €568,311 | -€53,442 | -8.6% |
| Fixed assets | 21/28 | €610,738 | €500,415 | -€110,324 | -18.1% |
| Tangible fixed assets | 22/27 | €450,963 | €340,640 | -€110,324 | -24.5% |
| Land and buildings | 22 | €424,287 | €317,582 | -€106,706 | -25.1% |
| Plant, machinery and equipment | 23 | €8,699 | €6,960 | -€1,739 | -20.0% |
| Furniture and vehicles | 24 | €7,088 | €6,171 | -€917 | -12.9% |
| Other tangible fixed assets | 26 | €10,889 | €9,926 | -€962 | -8.8% |
| Financial fixed assets | 28 | €159,775 | €159,775 | = | 0.0% |
| Current assets | 29/58 | €11,014 | €67,896 | +€56,882 | +516.4% |
| Amounts receivable within one year | 40/41 | €3,481 | €63,781 | +€60,300 | +1732.3% |
| Other amounts receivable | 41 | €3,481 | €63,781 | +€60,300 | +1732.3% |
| Cash at bank and in hand | 54/58 | €6,557 | €3,038 | -€3,519 | -53.7% |
| Deferred charges and accrued income | 490/1 | €977 | €1,077 | +€101 | +10.3% |
| Total equity and liabilities | 10/49 | €621,753 | €568,311 | -€53,442 | -8.6% |
| Equity | 10/15 | -€271,998 | -€157,331 | +€114,667 | +42.2% |
| Contributions | 10/11 | €205,000 | €205,000 | = | 0.0% |
| Capital | 10 | €205,000 | €205,000 | = | 0.0% |
| Issued capital | 100 | €205,000 | €205,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€476,998 | -€362,331 | +€114,667 | +24.0% |
| Amounts payable | 17/49 | €893,750 | €725,641 | -€168,109 | -18.8% |
| Amounts payable after more than one year | 17 | €712,589 | €677,655 | -€34,934 | -4.9% |
| Financial debts | 170/4 | €712,589 | €677,655 | -€34,934 | -4.9% |
| Amounts payable within one year | 42/48 | €177,965 | €45,693 | -€132,271 | -74.3% |
| Current portion of amounts payable after more than one year | 42 | €35,505 | €36,555 | +€1,051 | +3.0% |
| Trade debts | 44 | €8,456 | €5,128 | -€3,328 | -39.4% |
| Suppliers | 440/4 | €8,456 | €5,128 | -€3,328 | -39.4% |
| Other amounts payable | 47/48 | €134,004 | €4,010 | -€129,994 | -97.0% |
| Accrued charges and deferred income | 492/3 | €3,196 | €2,293 | -€904 | -28.3% |
| Non-recurring operating income | 76A | - | €145,236 | +€145,236 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,795 | €68,450 | -€2,345 | -3.3% |
| Other operating charges | 640/8 | €8,088 | €9,359 | +€1,271 | +15.7% |
| Gross operating margin | 9900 | €31,594 | €200,765 | +€169,171 | +535.5% |
| Operating profit (loss) | 9901 | -€47,289 | €122,956 | +€170,246 | |
| Financial income | 75/76B | €63 | €1 | -€62 | -98.7% |
| Recurring financial income | 75 | €63 | €1 | -€62 | -98.7% |
| Financial charges | 65/66B | €6,613 | €8,290 | +€1,677 | +25.4% |
| Recurring financial charges | 65 | €6,613 | €8,290 | +€1,677 | +25.4% |
| Profit (loss) for the period before taxes | 9903 | -€53,840 | €114,667 | +€168,507 | |
| Profit (loss) for the period | 9904 | -€53,840 | €114,667 | +€168,507 | |
| Profit (loss) for the period to be appropriated | 9905 | -€53,840 | €114,667 | +€168,507 |
Source: filed annual accounts (NBB), fiscal years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.