ONA: 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.
ONA
Largest movements
- Receivables within one year +€193,646
up €193,646 (+319%), from €60,765 to €254,411
of which Other amounts receivable: +€172,230
- Receivables after one year -€113,463
down €113,463 (-100%), from €113,463 to €0
- Tangible fixed assets -€34,617
down €34,617 (-11.0%), from €316,074 to €281,457
- Cash +€8,001
up €8,001 (+57.1%), from €14,024 to €22,025
mainly Receivables after one year (+€113,463) and Current portion of long-term debt (+€46,982)
- Debts after one year -€50,467
down €50,467 (-23.4%), from €216,012 to €165,545
- Current portion of long-term debt +€46,982
up €46,982 (+60.7%), from €77,410 to €124,392
- Other debts +€31,750
up €31,750, from €0 to €31,750
- Trade debts +€21,611
up €21,611 (+13.2%), from €164,022 to €185,633
- Reserves +€18,492
up €18,492 (+47.9%), from €38,577 to €57,068
- Staff costs +€18,962
up €18,962 (+15.2%), from €125,036 to €143,998
- Taxes -€9,068
down €9,068 (-38.1%), from €23,786 to €14,718
- Financial income +€6,039
up €6,039 (+175%), from €3,461 to €9,500
of which Financial income: +€6,039
- Gross operating margin -€5,678
down €5,678 (-2.3%), from €246,949 to €241,271
- Other operating charges -€3,846
down €3,846 (-19.2%), from €20,070 to €16,223
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.
Derived cash bridge
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 | €585,458 | €641,965 | +€56,508 | +9.7% |
| Fixed assets | 21/28 | €321,794 | €286,677 | -€35,117 | -10.9% |
| Tangible fixed assets | 22/27 | €316,074 | €281,457 | -€34,617 | -11.0% |
| Land and buildings | 22 | €136,788 | €127,061 | -€9,728 | -7.1% |
| Plant, machinery and equipment | 23 | €12,682 | €5,296 | -€7,386 | -58.2% |
| Furniture and vehicles | 24 | €10,149 | €9,318 | -€832 | -8.2% |
| Other tangible fixed assets | 26 | €156,454 | €139,783 | -€16,672 | -10.7% |
| Financial fixed assets | 28 | €5,720 | €5,220 | -€500 | -8.7% |
| Current assets | 29/58 | €263,664 | €355,288 | +€91,625 | +34.8% |
| Amounts receivable after more than one year | 29 | €113,463 | €0 | -€113,463 | -100% |
| Other amounts receivable | 291 | €113,463 | €0 | -€113,463 | -100% |
| Stocks and contracts in progress | 3 | €75,165 | €78,852 | +€3,687 | +4.9% |
| Stocks | 30/36 | €75,165 | €78,852 | +€3,687 | +4.9% |
| Amounts receivable within one year | 40/41 | €60,765 | €254,411 | +€193,646 | +319% |
| Trade receivables | 40 | €51,990 | €73,406 | +€21,416 | +41.2% |
| Other amounts receivable | 41 | €8,775 | €181,005 | +€172,230 | +1,963% |
| Cash at bank and in hand | 54/58 | €14,024 | €22,025 | +€8,001 | +57.1% |
| Deferred charges and accrued income | 490/1 | €247 | €0 | -€247 | -100% |
| Total equity and liabilities | 10/49 | €585,458 | €641,965 | +€56,508 | +9.7% |
| Equity | 10/15 | €71,577 | €90,068 | +€18,492 | +25.8% |
| Contributions | 10/11 | €33,000 | €33,000 | = | 0.0% |
| Reserves | 13 | €38,577 | €57,068 | +€18,492 | +47.9% |
| Distributable reserves | 133 | €38,577 | €57,068 | +€18,492 | +47.9% |
| Amounts payable | 17/49 | €513,881 | €551,897 | +€38,016 | +7.4% |
| Amounts payable after more than one year | 17 | €216,012 | €165,545 | -€50,467 | -23.4% |
| Financial debts | 170/4 | €216,012 | €165,545 | -€50,467 | -23.4% |
| Amounts payable within one year | 42/48 | €297,869 | €385,359 | +€87,490 | +29.4% |
| Current portion of amounts payable after more than one year | 42 | €77,410 | €124,392 | +€46,982 | +60.7% |
| Financial debts | 43 | €2,112 | €0 | -€2,112 | -100% |
| Other loans | 439 | €2,112 | €0 | -€2,112 | -100% |
| Trade debts | 44 | €164,022 | €185,633 | +€21,611 | +13.2% |
| Suppliers | 440/4 | €164,022 | €185,633 | +€21,611 | +13.2% |
| Taxes, remuneration and social security | 45 | €54,326 | €43,584 | -€10,742 | -19.8% |
| Taxes | 450/3 | €43,385 | €31,865 | -€11,520 | -26.6% |
| Remuneration and social security | 454/9 | €10,941 | €11,719 | +€778 | +7.1% |
| Other amounts payable | 47/48 | €0 | €31,750 | +€31,750 | |
| Accrued charges and deferred income | 492/3 | - | €993 | +€993 | |
| Non-recurring operating income | 76A | €1,410 | - | -€1,410 | |
| Remuneration, social security and pensions | 62 | €125,036 | €143,998 | +€18,962 | +15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,914 | €40,771 | +€1,857 | +4.8% |
| Other operating charges | 640/8 | €20,070 | €16,223 | -€3,846 | -19.2% |
| Gross operating margin | 9900 | €246,949 | €241,271 | -€5,678 | -2.3% |
| Operating profit (loss) | 9901 | €62,928 | €40,278 | -€22,650 | -36.0% |
| Financial income | 75/76B | €3,461 | €9,500 | +€6,039 | +175% |
| Recurring financial income | 75 | €3,461 | €9,500 | +€6,039 | +175% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €13,328 | €16,568 | +€3,241 | +24.3% |
| Recurring financial charges | 65 | €13,328 | €16,568 | +€3,241 | +24.3% |
| Profit (loss) for the period before taxes | 9903 | €53,061 | €33,210 | -€19,851 | -37.4% |
| Income taxes | 67/77 | €23,786 | €14,718 | -€9,068 | -38.1% |
| Profit (loss) for the period | 9904 | €29,275 | €18,492 | -€10,784 | -36.8% |
| Profit (loss) for the period to be appropriated | 9905 | €29,275 | €18,492 | -€10,784 | -36.8% |
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 17 October 2026 via checked.be.