OM-List: 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.
OM-List
Largest movements
- Tangible fixed assets +€565,654
new in 2025: €565,654
- Cash +€351,570
up €351,570 (+630.0%), from €55,803 to €407,372
mainly Debts after one year (+€626,799) and Stocks and contracts (+€176,537)
- Stocks and contracts -€176,537
down €176,537 (-12.7%), from €1.4m to €1.2m
- Debts after one year +€626,799
up €626,799 (+447.7%), from €140,000 to €766,799
of which Financial debts: +€625,000
- Reserves +€105,968
up €105,968 (+23.3%), from €455,296 to €561,264
- Tax, wage and social debts +€54,273
up €54,273 (+35.3%), from €153,660 to €207,933
- Trade debts -€33,152
down €33,152 (-30.1%), from €110,102 to €76,951
- Gross operating margin -€223,146
down €223,146 (-45.9%), from €485,652 to €262,506
- Taxes -€99,387
down €99,387 (-64.7%), from €153,660 to €54,273
- Financial charges +€83,827
up €83,827 (+458.3%), from €18,293 to €102,120
of which Financial charges: +€83,827
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 | €1,446,104 | €2,186,791 | +€740,686 | +51.2% |
| Fixed assets | 21/28 | - | €565,654 | +€565,654 | |
| Tangible fixed assets | 22/27 | - | €565,654 | +€565,654 | |
| Land and buildings | 22 | - | €565,654 | +€565,654 | |
| Current assets | 29/58 | €1,446,104 | €1,621,137 | +€175,033 | +12.1% |
| Stocks and contracts in progress | 3 | €1,390,302 | €1,213,765 | -€176,537 | -12.7% |
| Stocks | 30/36 | €1,390,302 | €1,213,765 | -€176,537 | -12.7% |
| Cash at bank and in hand | 54/58 | €55,803 | €407,372 | +€351,570 | +630.0% |
| Total equity and liabilities | 10/49 | €1,446,104 | €2,186,791 | +€740,686 | +51.2% |
| Equity | 10/15 | €485,296 | €591,264 | +€105,968 | +21.8% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €455,296 | €561,264 | +€105,968 | +23.3% |
| Distributable reserves | 133 | €455,296 | €561,264 | +€105,968 | +23.3% |
| Amounts payable | 17/49 | €960,808 | €1,595,526 | +€634,718 | +66.1% |
| Amounts payable after more than one year | 17 | €140,000 | €766,799 | +€626,799 | +447.7% |
| Financial debts | 170/4 | €140,000 | €765,000 | +€625,000 | +446.4% |
| Other amounts payable | 178/9 | - | €1,799 | +€1,799 | |
| Amounts payable within one year | 42/48 | €820,808 | €828,727 | +€7,919 | +1.0% |
| Trade debts | 44 | €110,102 | €76,951 | -€33,152 | -30.1% |
| Suppliers | 440/4 | €110,102 | €76,951 | -€33,152 | -30.1% |
| Taxes, remuneration and social security | 45 | €153,660 | €207,933 | +€54,273 | +35.3% |
| Taxes | 450/3 | €153,660 | €207,933 | +€54,273 | +35.3% |
| Other amounts payable | 47/48 | €557,046 | €543,843 | -€13,202 | -2.4% |
| Non-recurring operating income | 76A | €21 | €1 | -€20 | -95.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €31 | +€31 | |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Non-recurring operating charges | 66A | €2,000 | - | -€2,000 | |
| Gross operating margin | 9900 | €485,652 | €262,506 | -€223,146 | -45.9% |
| Operating profit (loss) | 9901 | €483,534 | €262,355 | -€221,179 | -45.7% |
| Financial income | 75/76B | - | €7 | +€7 | |
| Recurring financial income | 75 | - | €7 | +€7 | |
| Financial charges | 65/66B | €18,293 | €102,120 | +€83,827 | +458.3% |
| Recurring financial charges | 65 | €18,293 | €102,120 | +€83,827 | +458.2% |
| Non-recurring financial charges | 66B | - | €0 | +€0 | |
| Profit (loss) for the period before taxes | 9903 | €465,241 | €160,241 | -€305,000 | -65.6% |
| Income taxes | 67/77 | €153,660 | €54,273 | -€99,387 | -64.7% |
| Profit (loss) for the period | 9904 | €311,581 | €105,968 | -€205,613 | -66.0% |
| Profit (loss) for the period to be appropriated | 9905 | €311,581 | €105,968 | -€205,613 | -66.0% |
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 3 October 2026 via checked.be.