OM124: 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.
OM124
Largest movements
- Current investments -€900,000
down €900,000 (-81.8%), from €1.1m to €200,000
- Cash +€496,159
up €496,159 (+189.1%), from €262,310 to €758,469
mainly Current investments (+€900,000) and Other debts (+€295,500)
- Receivables within one year +€250,000
new in 2025: €250,000
- Other debts +€295,500
up €295,500 (+137.9%), from €214,296 to €509,795
- Debts after one year -€212,056
down €212,056 (-29.0%), from €730,685 to €518,629
- Reserves -€201,000
down €201,000 (-9.6%), from €2.1m to €1.9m
- Tax, wage and social debts -€38,978
down €38,978 (-72.2%), from €54,017 to €15,039
- Financial income -€488,496
down €488,496 (-81.1%), from €602,278 to €113,782
- Taxes -€45,446
down €45,446 (-74.5%), from €61,005 to €15,559
- Financial charges +€12,440
up €12,440 (+145.4%), from €8,555 to €20,995
- Gross operating margin +€2,578
up €2,578 (+9.8%), from €26,327 to €28,905
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 | €3,633,088 | €3,478,553 | -€154,535 | -4.3% |
| Fixed assets | 21/28 | €2,266,360 | €2,266,360 | = | 0.0% |
| Financial fixed assets | 28 | €2,266,360 | €2,266,360 | = | 0.0% |
| Current assets | 29/58 | €1,366,728 | €1,212,193 | -€154,535 | -11.3% |
| Amounts receivable within one year | 40/41 | - | €250,000 | +€250,000 | |
| Other amounts receivable | 41 | - | €250,000 | +€250,000 | |
| Current investments | 50/53 | €1,100,000 | €200,000 | -€900,000 | -81.8% |
| Cash at bank and in hand | 54/58 | €262,310 | €758,469 | +€496,159 | +189.1% |
| Deferred charges and accrued income | 490/1 | €4,419 | €3,725 | -€694 | -15.7% |
| Total equity and liabilities | 10/49 | €3,633,088 | €3,478,553 | -€154,535 | -4.3% |
| Equity | 10/15 | €2,122,381 | €1,921,024 | -€201,357 | -9.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,102,000 | €1,901,000 | -€201,000 | -9.6% |
| Distributable reserves | 133 | €2,102,000 | €1,901,000 | -€201,000 | -9.6% |
| Profit (loss) carried forward | 14 | €381 | €24 | -€357 | -93.7% |
| Amounts payable | 17/49 | €1,510,708 | €1,557,529 | +€46,822 | +3.1% |
| Amounts payable after more than one year | 17 | €730,685 | €518,629 | -€212,056 | -29.0% |
| Financial debts | 170/4 | €730,685 | €518,629 | -€212,056 | -29.0% |
| Amounts payable within one year | 42/48 | €777,559 | €1,037,053 | +€259,494 | +33.4% |
| Current portion of amounts payable after more than one year | 42 | €209,315 | €212,056 | +€2,741 | +1.3% |
| Financial debts | 43 | €299,500 | €299,500 | = | 0.0% |
| Other loans | 439 | €299,500 | €299,500 | = | 0.0% |
| Trade debts | 44 | €431 | €662 | +€230 | +53.4% |
| Suppliers | 440/4 | €431 | €662 | +€230 | +53.4% |
| Taxes, remuneration and social security | 45 | €54,017 | €15,039 | -€38,978 | -72.2% |
| Taxes | 450/3 | €54,017 | €15,039 | -€38,978 | -72.2% |
| Other amounts payable | 47/48 | €214,296 | €509,795 | +€295,500 | +137.9% |
| Accrued charges and deferred income | 492/3 | €2,464 | €1,848 | -€616 | -25.0% |
| Other operating charges | 640/8 | €3,858 | €3,657 | -€201 | -5.2% |
| Gross operating margin | 9900 | €26,327 | €28,905 | +€2,578 | +9.8% |
| Operating profit (loss) | 9901 | €22,469 | €25,248 | +€2,779 | +12.4% |
| Financial income | 75/76B | €602,278 | €113,782 | -€488,496 | -81.1% |
| Recurring financial income | 75 | €602,278 | €113,782 | -€488,496 | -81.1% |
| Financial charges | 65/66B | €8,555 | €20,995 | +€12,440 | +145.4% |
| Recurring financial charges | 65 | €8,555 | €20,995 | +€12,440 | +145.4% |
| Profit (loss) for the period before taxes | 9903 | €616,192 | €118,035 | -€498,157 | -80.8% |
| Income taxes | 67/77 | €61,005 | €15,559 | -€45,446 | -74.5% |
| Profit (loss) for the period | 9904 | €555,187 | €102,476 | -€452,711 | -81.5% |
| Profit (loss) for the period to be appropriated | 9905 | €555,187 | €102,476 | -€452,711 | -81.5% |
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 6 October 2026 via checked.be.