OKAPPI: 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.
OKAPPI
Largest movements
- Receivables within one year +€30,486
up €30,486 (+42.1%), from €72,342 to €102,827
of which Trade receivables: +€30,898
- Tangible fixed assets -€3,694
down €3,694 (-40.2%), from €9,187 to €5,493
of which Plant, machinery and equipment: -€2,230
- Reserves -€54,675
down €54,675 (-65.2%), from €83,852 to €29,177
- Tax, wage and social debts +€39,399
up €39,399 (+125.2%), from €31,470 to €70,869
of which Remuneration and social security: +€41,253
- Short-term financial debts +€35,000
new in 2025: €35,000
- Trade debts +€16,015
up €16,015 (+46.1%), from €34,718 to €50,733
- Debts after one year -€8,355
down €8,355 (-51.3%), from €16,292 to €7,937
- Staff costs +€77,573
up €77,573 (+50.6%), from €153,396 to €230,968
- Gross operating margin -€14,234
down €14,234 (-7.1%), from €199,674 to €185,440
- Taxes -€12,514
down €12,514 (-98.9%), from €12,649 to €135
- Financial charges +€2,102
up €2,102 (+196.3%), from €1,071 to €3,173
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 | €182,648 | €208,671 | +€26,023 | +14.2% |
| Fixed assets | 21/28 | €12,937 | €9,243 | -€3,694 | -28.6% |
| Tangible fixed assets | 22/27 | €9,187 | €5,493 | -€3,694 | -40.2% |
| Plant, machinery and equipment | 23 | €3,595 | €1,365 | -€2,230 | -62.0% |
| Furniture and vehicles | 24 | €5,592 | €4,128 | -€1,464 | -26.2% |
| Financial fixed assets | 28 | €3,750 | €3,750 | = | 0.0% |
| Current assets | 29/58 | €169,711 | €199,428 | +€29,716 | +17.5% |
| Amounts receivable within one year | 40/41 | €72,342 | €102,827 | +€30,486 | +42.1% |
| Trade receivables | 40 | €71,436 | €102,335 | +€30,898 | +43.3% |
| Other amounts receivable | 41 | €905 | €493 | -€413 | -45.6% |
| Cash at bank and in hand | 54/58 | €97,369 | €96,600 | -€769 | -0.8% |
| Total equity and liabilities | 10/49 | €182,648 | €208,671 | +€26,023 | +14.2% |
| Equity | 10/15 | €90,452 | €35,777 | -€54,675 | -60.4% |
| Contributions | 10/11 | €6,600 | €6,600 | = | 0.0% |
| Reserves | 13 | €83,852 | €29,177 | -€54,675 | -65.2% |
| Distributable reserves | 133 | €83,852 | €29,177 | -€54,675 | -65.2% |
| Amounts payable | 17/49 | €92,196 | €172,893 | +€80,698 | +87.5% |
| Amounts payable after more than one year | 17 | €16,292 | €7,937 | -€8,355 | -51.3% |
| Financial debts | 170/4 | €16,292 | €7,937 | -€8,355 | -51.3% |
| Amounts payable within one year | 42/48 | €75,904 | €164,956 | +€89,053 | +117.3% |
| Current portion of amounts payable after more than one year | 42 | €9,716 | €8,355 | -€1,361 | -14.0% |
| Financial debts | 43 | - | €35,000 | +€35,000 | |
| Credit institutions | 430/8 | - | €35,000 | +€35,000 | |
| Trade debts | 44 | €34,718 | €50,733 | +€16,015 | +46.1% |
| Suppliers | 440/4 | €34,718 | €50,733 | +€16,015 | +46.1% |
| Taxes, remuneration and social security | 45 | €31,470 | €70,869 | +€39,399 | +125.2% |
| Taxes | 450/3 | €14,881 | €13,026 | -€1,854 | -12.5% |
| Remuneration and social security | 454/9 | €16,589 | €57,842 | +€41,253 | +248.7% |
| Remuneration, social security and pensions | 62 | €153,396 | €230,968 | +€77,573 | +50.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,675 | €3,694 | +€19 | +0.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,200 | +€1,200 | |
| Other operating charges | 640/8 | €728 | €945 | +€216 | +29.7% |
| Gross operating margin | 9900 | €199,674 | €185,440 | -€14,234 | -7.1% |
| Operating profit (loss) | 9901 | €41,875 | -€51,367 | -€93,242 | |
| Financial income | 75/76B | €118 | - | -€118 | |
| Recurring financial income | 75 | €118 | - | -€118 | |
| Financial charges | 65/66B | €1,071 | €3,173 | +€2,102 | +196.3% |
| Recurring financial charges | 65 | €1,071 | €3,173 | +€2,102 | +196.3% |
| Profit (loss) for the period before taxes | 9903 | €40,922 | -€54,540 | -€95,462 | |
| Income taxes | 67/77 | €12,649 | €135 | -€12,514 | -98.9% |
| Profit (loss) for the period | 9904 | €28,273 | -€54,675 | -€82,948 | |
| Profit (loss) for the period to be appropriated | 9905 | €28,273 | -€54,675 | -€82,948 |
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.