OK: 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.
OK
Largest movements
- Stocks and contracts +€100,112
up €100,112 (+801.7%), from €12,487 to €112,600
of which Contracts in progress: +€99,782
- Cash -€24,523
down €24,523 (-91.5%), from €26,791 to €2,268
mainly Stocks and contracts (-€100,112) and Investment in fixed assets (net) (-€29,044)
- Deferred charges and accrued income +€22,599
up €22,599 (+40.9%), from €55,257 to €77,856
- Receivables within one year -€12,518
down €12,518 (-68.8%), from €18,181 to €5,664
of which Trade receivables: -€9,305
- Tangible fixed assets +€5,042
up €5,042 (+6.2%), from €81,029 to €86,071
of which Plant, machinery and equipment: +€7,312
- Trade debts +€66,375
up €66,375 (+584.8%), from €11,350 to €77,725
- Tax, wage and social debts +€33,313
up €33,313 (+1565.2%), from €2,128 to €35,442
of which Taxes: +€33,313
- Profit (loss) carried forward -€3,865
down €3,865 (-21.8%), from €17,762 to €13,897
- Other debts -€3,569
down €3,569 (-2.7%), from €132,680 to €129,111
- Staff costs +€45,947
new in 2025: €45,947
- Gross operating margin +€7,222
up €7,222 (+10.2%), from €70,827 to €78,048
- Other operating charges +€3,950
up €3,950 (+140.1%), from €2,821 to €6,771
- Depreciation +€3,289
up €3,289 (+15.9%), from €20,713 to €24,002
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 | €194,445 | €285,158 | +€90,713 | +46.7% |
| Fixed assets | 21/28 | €81,729 | €86,771 | +€5,042 | +6.2% |
| Tangible fixed assets | 22/27 | €81,029 | €86,071 | +€5,042 | +6.2% |
| Land and buildings | 22 | €25,124 | €25,124 | = | 0.0% |
| Plant, machinery and equipment | 23 | €46,602 | €53,913 | +€7,312 | +15.7% |
| Furniture and vehicles | 24 | €9,303 | €7,034 | -€2,269 | -24.4% |
| Financial fixed assets | 28 | €700 | €700 | = | 0.0% |
| Current assets | 29/58 | €112,717 | €198,387 | +€85,671 | +76.0% |
| Stocks and contracts in progress | 3 | €12,487 | €112,600 | +€100,112 | +801.7% |
| Stocks | 30/36 | €12,487 | €12,818 | +€331 | +2.6% |
| Contracts in progress | 37 | - | €99,782 | +€99,782 | |
| Amounts receivable within one year | 40/41 | €18,181 | €5,664 | -€12,518 | -68.8% |
| Trade receivables | 40 | €14,969 | €5,664 | -€9,305 | -62.2% |
| Other amounts receivable | 41 | €3,212 | €0 | -€3,212 | -100.0% |
| Cash at bank and in hand | 54/58 | €26,791 | €2,268 | -€24,523 | -91.5% |
| Deferred charges and accrued income | 490/1 | €55,257 | €77,856 | +€22,599 | +40.9% |
| Total equity and liabilities | 10/49 | €194,445 | €285,158 | +€90,713 | +46.7% |
| Equity | 10/15 | €45,551 | €41,686 | -€3,865 | -8.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €9,197 | €9,197 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,337 | €7,337 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,762 | €13,897 | -€3,865 | -21.8% |
| Amounts payable | 17/49 | €148,894 | €243,473 | +€94,579 | +63.5% |
| Amounts payable after more than one year | 17 | €1,195 | €0 | -€1,195 | -100.0% |
| Financial debts | 170/4 | €1,195 | €0 | -€1,195 | -100.0% |
| Amounts payable within one year | 42/48 | €147,700 | €243,473 | +€95,773 | +64.8% |
| Current portion of amounts payable after more than one year | 42 | €1,541 | €1,195 | -€347 | -22.5% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €11,350 | €77,725 | +€66,375 | +584.8% |
| Suppliers | 440/4 | €11,350 | €77,725 | +€66,375 | +584.8% |
| Taxes, remuneration and social security | 45 | €2,128 | €35,442 | +€33,313 | +1565.2% |
| Taxes | 450/3 | €2,128 | €35,442 | +€33,313 | +1565.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €132,680 | €129,111 | -€3,569 | -2.7% |
| Remuneration, social security and pensions | 62 | - | €45,947 | +€45,947 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,713 | €24,002 | +€3,289 | +15.9% |
| Other operating charges | 640/8 | €2,821 | €6,771 | +€3,950 | +140.1% |
| Gross operating margin | 9900 | €70,827 | €78,048 | +€7,222 | +10.2% |
| Operating profit (loss) | 9901 | €47,293 | €1,329 | -€45,964 | -97.2% |
| Financial income | 75/76B | €294 | €21 | -€273 | -92.9% |
| Recurring financial income | 75 | €294 | €21 | -€273 | -92.9% |
| Financial charges | 65/66B | €4,647 | €3,956 | -€691 | -14.9% |
| Recurring financial charges | 65 | €4,647 | €3,956 | -€691 | -14.9% |
| Profit (loss) for the period before taxes | 9903 | €42,940 | -€2,606 | -€45,546 | |
| Income taxes | 67/77 | €1,097 | €1,260 | +€163 | +14.9% |
| Profit (loss) for the period | 9904 | €41,843 | -€3,865 | -€45,709 | |
| Profit (loss) for the period to be appropriated | 9905 | €41,843 | -€3,865 | -€45,709 |
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 2 October 2026 via checked.be.