OGHAM: 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.
OGHAM
Largest movements
- Cash -€71,843
down €71,843 (-44.9%), from €159,935 to €88,092
mainly Other debts (-€78,640) and Receivables within one year (-€12,270)
- Receivables within one year +€12,270
up €12,270 (+60.0%), from €20,455 to €32,726
of which Trade receivables: +€11,078
- Other debts -€78,640
down €78,640 (-96.1%), from €81,837 to €3,197
- Reserves +€17,415
up €17,415 (+40.7%), from €42,794 to €60,209
of which Distributable reserves: +€17,415
- Tax, wage and social debts +€2,370
up €2,370 (+72.3%), from €3,276 to €5,646
- Gross operating margin +€11,376
up €11,376 (+150.3%), from €7,568 to €18,944
- Taxes +€1,741
up €1,741, from €0 to €1,741
- Other operating charges -€704
down €704 (-63.8%), from €1,104 to €400
- Financial income -€630
down €630 (-40.5%), from €1,555 to €924
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 | €181,819 | €122,359 | -€59,460 | -32.7% |
| Fixed assets | 21/28 | €1,054 | €1,054 | = | 0.0% |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Land and buildings | 22 | €0 | - | = | |
| Financial fixed assets | 28 | €1,054 | €1,054 | = | 0.0% |
| Current assets | 29/58 | €180,764 | €121,305 | -€59,460 | -32.9% |
| Amounts receivable within one year | 40/41 | €20,455 | €32,726 | +€12,270 | +60.0% |
| Trade receivables | 40 | €9,376 | €20,454 | +€11,078 | +118.2% |
| Other amounts receivable | 41 | €11,079 | €12,271 | +€1,192 | +10.8% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €159,935 | €88,092 | -€71,843 | -44.9% |
| Deferred charges and accrued income | 490/1 | €374 | €487 | +€113 | +30.2% |
| Total equity and liabilities | 10/49 | €181,819 | €122,359 | -€59,460 | -32.7% |
| Equity | 10/15 | €94,181 | €111,596 | +€17,415 | +18.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €42,794 | €60,209 | +€17,415 | +40.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €42,794 | €60,209 | +€17,415 | +40.7% |
| Profit (loss) carried forward | 14 | €31,387 | €31,387 | = | 0.0% |
| Amounts payable | 17/49 | €87,637 | €10,763 | -€76,874 | -87.7% |
| Amounts payable within one year | 42/48 | €86,358 | €9,455 | -€76,903 | -89.1% |
| Trade debts | 44 | €1,245 | €612 | -€633 | -50.9% |
| Suppliers | 440/4 | €1,245 | €612 | -€633 | -50.9% |
| Taxes, remuneration and social security | 45 | €3,276 | €5,646 | +€2,370 | +72.3% |
| Taxes | 450/3 | €3,276 | €5,646 | +€2,370 | +72.3% |
| Other amounts payable | 47/48 | €81,837 | €3,197 | -€78,640 | -96.1% |
| Accrued charges and deferred income | 492/3 | €1,279 | €1,308 | +€29 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €1,104 | €400 | -€704 | -63.8% |
| Non-recurring operating charges | 66A | €20,610 | €0 | -€20,610 | -100.0% |
| Gross operating margin | 9900 | €7,568 | €18,944 | +€11,376 | +150.3% |
| Operating profit (loss) | 9901 | -€14,145 | €18,544 | +€32,689 | |
| Financial income | 75/76B | €1,555 | €924 | -€630 | -40.5% |
| Recurring financial income | 75 | €1,555 | €924 | -€630 | -40.5% |
| Financial charges | 65/66B | €297 | €312 | +€16 | +5.3% |
| Recurring financial charges | 65 | €297 | €312 | +€16 | +5.3% |
| Profit (loss) for the period before taxes | 9903 | -€12,887 | €19,156 | +€32,043 | |
| Income taxes | 67/77 | €0 | €1,741 | +€1,741 | |
| Profit (loss) for the period | 9904 | -€12,887 | €17,415 | +€30,302 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,887 | €17,415 | +€30,302 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.