OINO: 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.
What changed
OINO
NACE 64.210, Activities of holding companies
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€93,938
2024 · €70,864+€23,074
Equity
€449,717
2024 · €355,779+€93,938
Cash
€10,184
2024 · €1,329+€8,856
Balance sheet total
€1.4m
2024 · €1.3m+€149,290
Largest movements
Assets
- Financial fixed assets +€305,204
up €305,204 (+52.0%), from €587,100 to €892,304
- Receivables after one year -€199,200
down €199,200 (-79.8%), from €249,609 to €50,409
- Receivables within one year +€39,765
up €39,765 (+109.1%), from €36,446 to €76,212
of which Other amounts receivable: +€21,298
Equity and liabilities
- Other debts +€170,990
up €170,990 (+54.7%), from €312,564 to €483,554
- Reserves +€93,938
up €93,938 (+30.6%), from €307,063 to €401,000
- Debts after one year -€91,007
down €91,007 (-26.1%), from €349,226 to €258,220
- Short-term financial debts -€23,873
down €23,873 (-70.4%), from €33,896 to €10,022
Income statement
- Gross operating margin +€29,017
up €29,017 (+21.2%), from €136,800 to €165,817
- Taxes +€11,401
up €11,401 (+31.5%), from €36,203 to €47,603
- Financial income +€9,581
up €9,581 (+66.1%), from €14,490 to €24,072
- Depreciation +€4,871
up €4,871 (+29.0%), from €16,819 to €21,690
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.
Result 2024
€70,864
Gross operating margin
+€29,017
Depreciation
-€4,871
Other operating charges
-€1,161
Other operating items
+€309
Financial income
+€9,581
Financial charges
+€1,598
Taxes
-€11,401
Result 2025
€93,938
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.
From operations
+€431,663
Investment
-€319,410
Financing
-€103,397
Cash 2024
€1,329
From operations (derived)
+€431,663
Net result for the year
+€93,938
Depreciation
+€21,690
Receivables after one year
+€199,200
Receivables within one year
-€39,765
Deferred charges and accrued income
-€2,149
Trade debts
-€5,436
Tax, wage and social debts
-€12,266
Other debts
+€170,990
Accrued charges and deferred income
+€5,460
Investment (derived)
-€319,410
Investment in fixed assets (net)
-€333,306
Current investments
+€13,895
Financing
-€103,397
Debts after one year
-€91,007
Current portion of long-term debt
+€11,483
Short-term financial debts
-€23,873
Cash 2025
€10,184
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,270,732 | €1,420,021 | +€149,290 | +11.7% |
| Fixed assets | 21/28 | €776,551 | €1,088,166 | +€311,615 | +40.1% |
| Tangible fixed assets | 22/27 | €189,451 | €195,862 | +€6,411 | +3.4% |
| Land and buildings | 22 | €164,085 | €163,562 | -€523 | -0.3% |
| Furniture and vehicles | 24 | €25,366 | €32,300 | +€6,935 | +27.3% |
| Financial fixed assets | 28 | €587,100 | €892,304 | +€305,204 | +52.0% |
| Current assets | 29/58 | €494,181 | €331,855 | -€162,326 | -32.8% |
| Amounts receivable after more than one year | 29 | €249,609 | €50,409 | -€199,200 | -79.8% |
| Other amounts receivable | 291 | €249,609 | €50,409 | -€199,200 | -79.8% |
| Amounts receivable within one year | 40/41 | €36,446 | €76,212 | +€39,765 | +109.1% |
| Trade receivables | 40 | €7,093 | €25,560 | +€18,467 | +260.4% |
| Other amounts receivable | 41 | €29,354 | €50,652 | +€21,298 | +72.6% |
| Current investments | 50/53 | €190,748 | €176,852 | -€13,895 | -7.3% |
| Cash at bank and in hand | 54/58 | €1,329 | €10,184 | +€8,856 | +666.5% |
| Deferred charges and accrued income | 490/1 | €16,050 | €18,198 | +€2,149 | +13.4% |
| Total equity and liabilities | 10/49 | €1,270,732 | €1,420,021 | +€149,290 | +11.7% |
| Equity | 10/15 | €355,779 | €449,717 | +€93,938 | +26.4% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Revaluation surpluses | 12 | €23,716 | €23,716 | = | 0.0% |
| Reserves | 13 | €307,063 | €401,000 | +€93,938 | +30.6% |
| Distributable reserves | 133 | €307,063 | €401,000 | +€93,938 | +30.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €43,581 | €43,581 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €43,581 | €43,581 | = | 0.0% |
| Pensions and similar obligations | 160 | €43,581 | €43,581 | = | 0.0% |
| Amounts payable | 17/49 | €871,372 | €926,723 | +€55,352 | +6.4% |
| Amounts payable after more than one year | 17 | €349,226 | €258,220 | -€91,007 | -26.1% |
| Financial debts | 170/4 | €349,226 | €258,220 | -€91,007 | -26.1% |
| Amounts payable within one year | 42/48 | €514,944 | €655,843 | +€140,898 | +27.4% |
| Current portion of amounts payable after more than one year | 42 | €94,592 | €106,075 | +€11,483 | +12.1% |
| Financial debts | 43 | €33,896 | €10,022 | -€23,873 | -70.4% |
| Credit institutions | 430/8 | €33,896 | €10,022 | -€23,873 | -70.4% |
| Trade debts | 44 | €29,782 | €24,347 | -€5,436 | -18.3% |
| Suppliers | 440/4 | €29,782 | €24,347 | -€5,436 | -18.3% |
| Taxes, remuneration and social security | 45 | €44,110 | €31,845 | -€12,266 | -27.8% |
| Taxes | 450/3 | €44,110 | €31,845 | -€12,266 | -27.8% |
| Other amounts payable | 47/48 | €312,564 | €483,554 | +€170,990 | +54.7% |
| Accrued charges and deferred income | 492/3 | €7,201 | €12,661 | +€5,460 | +75.8% |
| Non-recurring operating income | 76A | €2,832 | €0 | -€2,832 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,819 | €21,690 | +€4,871 | +29.0% |
| Other operating charges | 640/8 | €1,591 | €2,751 | +€1,161 | +73.0% |
| Non-recurring operating charges | 66A | €309 | €0 | -€309 | -100.0% |
| Gross operating margin | 9900 | €136,800 | €165,817 | +€29,017 | +21.2% |
| Operating profit (loss) | 9901 | €118,081 | €141,375 | +€23,294 | +19.7% |
| Financial income | 75/76B | €14,490 | €24,072 | +€9,581 | +66.1% |
| Recurring financial income | 75 | €14,490 | €24,072 | +€9,581 | +66.1% |
| Financial charges | 65/66B | €25,504 | €23,906 | -€1,598 | -6.3% |
| Recurring financial charges | 65 | €25,504 | €23,906 | -€1,598 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | €107,067 | €141,541 | +€34,474 | +32.2% |
| Income taxes | 67/77 | €36,203 | €47,603 | +€11,401 | +31.5% |
| Profit (loss) for the period | 9904 | €70,864 | €93,938 | +€23,074 | +32.6% |
| Profit (loss) for the period to be appropriated | 9905 | €70,864 | €93,938 | +€23,074 | +32.6% |
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 9 October 2026 via checked.be.