OGN 45: 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.
OGN 45
Largest movements
- Receivables within one year +€1,355
new in 2025: €1,355
of which Trade receivables: +€810
- Tangible fixed assets -€589
down €589 (-50.1%), from €1,175 to €586
- Formation expenses -€395
down €395 (-54.0%), from €732 to €337
- Deferred charges and accrued income +€232
up €232 (+22.3%), from €1,044 to €1,277
- Cash +€212
up €212 (+10.0%), from €2,105 to €2,317
mainly Accrued charges and deferred income (+€1,200) and Depreciation (+€984)
- Other debts -€1,941
no longer reported in 2025 (was €1,941)
- Accrued charges and deferred income +€1,200
new in 2025: €1,200
- Profit (loss) carried forward +€640
up €640 (+228%), from €281 to €921
- Tax, wage and social debts +€479
up €479 (+41.2%), from €1,164 to €1,643
- Trade debts +€437
up €437 (+257%), from €170 to €607
- Gross operating margin +€457
up €457 (+30.8%), from €1,484 to €1,941
- Financial charges +€106
up €106 (+109%), from €97 to €203
- Taxes +€78
up €78 (+96.1%), from €82 to €160
- Financial income +€73
up €73 (+154%), from €47 to €120
- Depreciation -€61
down €61 (-5.9%), from €1,045 to €984
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.
Derived cash bridge
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 | €5,056 | €5,871 | +€815 | +16.1% |
| Formation expenses | 20 | €732 | €337 | -€395 | -54.0% |
| Fixed assets | 21/28 | €1,175 | €586 | -€589 | -50.1% |
| Tangible fixed assets | 22/27 | €1,175 | €586 | -€589 | -50.1% |
| Other tangible fixed assets | 26 | €1,175 | €586 | -€589 | -50.1% |
| Current assets | 29/58 | €3,150 | €4,948 | +€1,799 | +57.1% |
| Amounts receivable within one year | 40/41 | - | €1,355 | +€1,355 | |
| Trade receivables | 40 | - | €810 | +€810 | |
| Other amounts receivable | 41 | - | €545 | +€545 | |
| Cash at bank and in hand | 54/58 | €2,105 | €2,317 | +€212 | +10.0% |
| Deferred charges and accrued income | 490/1 | €1,044 | €1,277 | +€232 | +22.3% |
| Total equity and liabilities | 10/49 | €5,056 | €5,871 | +€815 | +16.1% |
| Equity | 10/15 | €1,781 | €2,421 | +€640 | +35.9% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €281 | €921 | +€640 | +228% |
| Amounts payable | 17/49 | €3,275 | €3,450 | +€175 | +5.3% |
| Amounts payable within one year | 42/48 | €3,275 | €2,250 | -€1,025 | -31.3% |
| Trade debts | 44 | €170 | €607 | +€437 | +257% |
| Suppliers | 440/4 | €170 | €607 | +€437 | +257% |
| Taxes, remuneration and social security | 45 | €1,164 | €1,643 | +€479 | +41.2% |
| Taxes | 450/3 | €1,164 | €1,643 | +€479 | +41.2% |
| Other amounts payable | 47/48 | €1,941 | - | -€1,941 | |
| Accrued charges and deferred income | 492/3 | - | €1,200 | +€1,200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,045 | €984 | -€61 | -5.9% |
| Other operating charges | 640/8 | €27 | €74 | +€47 | +179% |
| Gross operating margin | 9900 | €1,484 | €1,941 | +€457 | +30.8% |
| Operating profit (loss) | 9901 | €413 | €883 | +€471 | +114% |
| Financial income | 75/76B | €47 | €120 | +€73 | +154% |
| Recurring financial income | 75 | €47 | €120 | +€73 | +154% |
| Financial charges | 65/66B | €97 | €203 | +€106 | +109% |
| Recurring financial charges | 65 | €97 | €203 | +€106 | +109% |
| Profit (loss) for the period before taxes | 9903 | €362 | €800 | +€437 | +121% |
| Income taxes | 67/77 | €82 | €160 | +€78 | +96.1% |
| Profit (loss) for the period | 9904 | €281 | €640 | +€359 | +128% |
| Profit (loss) for the period to be appropriated | 9905 | €281 | €640 | +€359 | +128% |
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 17 October 2026 via checked.be.