OM+: 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.
OM+
Largest movements
- Cash -€207,994
down €207,994 (-97.5%), from €213,371 to €5,378
mainly Contributions, distributions and other (-€800,000) and Investment in fixed assets (net) (-€292,670)
- Tangible fixed assets +€171,424
up €171,424 (+61.5%), from €278,908 to €450,332
of which Furniture and vehicles: +€201,424
- Intangible fixed assets +€78,641
new in 2025: €78,641
- Receivables within one year +€73,226
up €73,226 (+11.7%), from €626,908 to €700,133
of which Trade receivables: +€90,859
- Other debts +€459,766
up €459,766 (+136.8%), from €336,000 to €795,766
- Profit (loss) carried forward -€455,373
down €455,373 (-89.1%), from €510,961 to €55,588
- Tax, wage and social debts +€119,925
up €119,925 (+145.5%), from €82,438 to €202,363
of which Taxes: +€123,060
- Trade debts -€40,168
down €40,168 (-57.7%), from €69,588 to €29,420
- Current portion of long-term debt +€32,054
new in 2025: €32,054
- Taxes +€148,929
up €148,929 (+141.0%), from €105,650 to €254,579
- Gross operating margin +€137,437
up €137,437 (+25.0%), from €548,858 to €686,295
- Depreciation +€12,135
up €12,135 (+42.2%), from €28,770 to €40,905
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 | €1,120,486 | €1,236,690 | +€116,204 | +10.4% |
| Fixed assets | 21/28 | €278,908 | €530,673 | +€251,765 | +90.3% |
| Intangible fixed assets | 21 | - | €78,641 | +€78,641 | |
| Tangible fixed assets | 22/27 | €278,908 | €450,332 | +€171,424 | +61.5% |
| Plant, machinery and equipment | 23 | €267,408 | €237,408 | -€30,000 | -11.2% |
| Furniture and vehicles | 24 | €11,500 | €212,924 | +€201,424 | +1751.5% |
| Financial fixed assets | 28 | - | €1,700 | +€1,700 | |
| Current assets | 29/58 | €841,579 | €706,017 | -€135,562 | -16.1% |
| Amounts receivable within one year | 40/41 | €626,908 | €700,133 | +€73,226 | +11.7% |
| Trade receivables | 40 | €239,458 | €330,317 | +€90,859 | +37.9% |
| Other amounts receivable | 41 | €387,450 | €369,816 | -€17,633 | -4.6% |
| Cash at bank and in hand | 54/58 | €213,371 | €5,378 | -€207,994 | -97.5% |
| Deferred charges and accrued income | 490/1 | €1,300 | €506 | -€794 | -61.0% |
| Total equity and liabilities | 10/49 | €1,120,486 | €1,236,690 | +€116,204 | +10.4% |
| Equity | 10/15 | €632,461 | €177,088 | -€455,373 | -72.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €102,900 | €102,900 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €1,860 | +€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Tax-exempt reserves | 132 | €101,040 | €101,040 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | - | -€1,860 | |
| Profit (loss) carried forward | 14 | €510,961 | €55,588 | -€455,373 | -89.1% |
| Amounts payable | 17/49 | €488,026 | €1,059,602 | +€571,577 | +117.1% |
| Amounts payable within one year | 42/48 | €488,026 | €1,059,602 | +€571,577 | +117.1% |
| Current portion of amounts payable after more than one year | 42 | - | €32,054 | +€32,054 | |
| Trade debts | 44 | €69,588 | €29,420 | -€40,168 | -57.7% |
| Suppliers | 440/4 | €69,588 | €29,420 | -€40,168 | -57.7% |
| Taxes, remuneration and social security | 45 | €82,438 | €202,363 | +€119,925 | +145.5% |
| Taxes | 450/3 | €73,729 | €196,789 | +€123,060 | +166.9% |
| Remuneration and social security | 454/9 | €8,709 | €5,574 | -€3,135 | -36.0% |
| Other amounts payable | 47/48 | €336,000 | €795,766 | +€459,766 | +136.8% |
| Remuneration, social security and pensions | 62 | €41,962 | €43,293 | +€1,330 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,770 | €40,905 | +€12,135 | +42.2% |
| Other operating charges | 640/8 | €1,523 | €1,813 | +€289 | +19.0% |
| Non-recurring operating charges | 66A | €58 | €0 | -€58 | -100.0% |
| Gross operating margin | 9900 | €548,858 | €686,295 | +€137,437 | +25.0% |
| Operating profit (loss) | 9901 | €476,544 | €600,284 | +€123,740 | +26.0% |
| Financial income | 75/76B | €0 | €315 | +€315 | +524166.7% |
| Recurring financial income | 75 | €0 | €315 | +€315 | +524166.7% |
| Financial charges | 65/66B | €485 | €1,392 | +€907 | +187.1% |
| Recurring financial charges | 65 | €485 | €1,392 | +€907 | +187.1% |
| Profit (loss) for the period before taxes | 9903 | €476,059 | €599,206 | +€123,147 | +25.9% |
| Income taxes | 67/77 | €105,650 | €254,579 | +€148,929 | +141.0% |
| Profit (loss) for the period | 9904 | €370,409 | €344,627 | -€25,782 | -7.0% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €370,409 | €344,627 | -€25,782 | -7.0% |
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 10 October 2026 via checked.be.