Ogma: what changed
Ogma
Largest movements
- Cash +€24,087
up €24,087 (+80.5%), from €29,911 to €53,998
mainly Net result for the year (+€49,807) and Depreciation (+€2,299)
- Receivables within one year +€17,303
up €17,303 (+97.8%), from €17,694 to €34,997
of which Trade receivables: +€17,483
- Deferred charges and accrued income +€5,500
new in 2025: €5,500
- Formation expenses -€1,562
down €1,562 (-100%), from €1,562 to €0
- Reserves +€49,807
up €49,807 (+207%), from €24,087 to €73,894
- Other debts -€3,506
down €3,506 (-69.6%), from €5,037 to €1,532
- Trade debts -€1,454
down €1,454 (-100%), from €1,454 to €0
- Gross operating margin +€41,916
up €41,916 (+123%), from €34,152 to €76,069
- Taxes +€12,151
up €12,151 (+129%), from €9,446 to €21,597
- Depreciation +€1,784
up €1,784 (+346%), from €515 to €2,299
- Financial charges +€1,751
up €1,751 (+23,352%), from €8 to €1,759
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €50,834 | €96,490 | +€45,656 | +89.8% |
| Formation expenses | 20 | €1,562 | €0 | -€1,562 | -100% |
| Fixed assets | 21/28 | €1,668 | €1,995 | +€327 | +19.6% |
| Tangible fixed assets | 22/27 | €1,668 | €1,995 | +€327 | +19.6% |
| Furniture and vehicles | 24 | €1,668 | €1,995 | +€327 | +19.6% |
| Current assets | 29/58 | €47,605 | €94,495 | +€46,890 | +98.5% |
| Amounts receivable within one year | 40/41 | €17,694 | €34,997 | +€17,303 | +97.8% |
| Trade receivables | 40 | €17,514 | €34,997 | +€17,483 | +99.8% |
| Other amounts receivable | 41 | €180 | €0 | -€180 | -100% |
| Cash at bank and in hand | 54/58 | €29,911 | €53,998 | +€24,087 | +80.5% |
| Deferred charges and accrued income | 490/1 | - | €5,500 | +€5,500 | |
| Total equity and liabilities | 10/49 | €50,834 | €96,490 | +€45,656 | +89.8% |
| Equity | 10/15 | €27,587 | €77,394 | +€49,807 | +181% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €24,087 | €73,894 | +€49,807 | +207% |
| Distributable reserves | 133 | €24,087 | €73,894 | +€49,807 | +207% |
| Amounts payable | 17/49 | €23,247 | €19,096 | -€4,152 | -17.9% |
| Amounts payable within one year | 42/48 | €23,247 | €19,096 | -€4,152 | -17.9% |
| Trade debts | 44 | €1,454 | €0 | -€1,454 | -100% |
| Suppliers | 440/4 | €1,454 | €0 | -€1,454 | -100% |
| Taxes, remuneration and social security | 45 | €16,756 | €17,564 | +€808 | +4.8% |
| Taxes | 450/3 | €16,756 | €17,564 | +€808 | +4.8% |
| Other amounts payable | 47/48 | €5,037 | €1,532 | -€3,506 | -69.6% |
| Remuneration, social security and pensions | 62 | €97 | €487 | +€389 | +400% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €515 | €2,299 | +€1,784 | +346% |
| Other operating charges | 640/8 | - | €120 | +€120 | |
| Gross operating margin | 9900 | €34,152 | €76,069 | +€41,916 | +123% |
| Operating profit (loss) | 9901 | €33,540 | €73,163 | +€39,623 | +118% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €8 | €1,759 | +€1,751 | +23,352% |
| Recurring financial charges | 65 | €8 | €1,759 | +€1,751 | +23,352% |
| Profit (loss) for the period before taxes | 9903 | €33,533 | €71,404 | +€37,872 | +113% |
| Income taxes | 67/77 | €9,446 | €21,597 | +€12,151 | +129% |
| Profit (loss) for the period | 9904 | €24,087 | €49,807 | +€25,721 | +107% |
| Profit (loss) for the period to be appropriated | 9905 | €24,087 | €49,807 | +€25,721 | +107% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.