Ondas: 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.
Ondas
Largest movements
- Receivables within one year +€15,261
up €15,261 (+75.3%), from €20,266 to €35,528
of which Other amounts receivable: +€12,115
- Tangible fixed assets -€13,616
down €13,616 (-55.9%), from €24,368 to €10,752
- Cash -€4,369
down €4,369 (-8.0%), from €54,865 to €50,496
mainly Receivables within one year (-€15,261) and Other debts (-€4,901)
- Other debts -€4,901
down €4,901 (-11.5%), from €42,743 to €37,843
- Reserves +€2,570
up €2,570 (+6.4%), from €39,852 to €42,422
of which Distributable reserves: +€2,570
- Staff costs +€12,919
up €12,919 (+269.0%), from €4,802 to €17,720
- Gross operating margin -€10,978
down €10,978 (-19.1%), from €57,579 to €46,601
- Taxes -€9,796
down €9,796 (-90.0%), from €10,882 to €1,086
- Financial income -€3,510
down €3,510 (-100.0%), from €3,510 to €0
- Other operating charges +€1,097
up €1,097 (+11.5%), from €9,535 to €10,632
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 | €100,122 | €97,417 | -€2,705 | -2.7% |
| Fixed assets | 21/28 | €24,368 | €10,752 | -€13,616 | -55.9% |
| Tangible fixed assets | 22/27 | €24,368 | €10,752 | -€13,616 | -55.9% |
| Furniture and vehicles | 24 | €24,368 | €10,752 | -€13,616 | -55.9% |
| Current assets | 29/58 | €75,754 | €86,665 | +€10,910 | +14.4% |
| Amounts receivable within one year | 40/41 | €20,266 | €35,528 | +€15,261 | +75.3% |
| Trade receivables | 40 | €1,295 | €4,442 | +€3,146 | +242.9% |
| Other amounts receivable | 41 | €18,971 | €31,086 | +€12,115 | +63.9% |
| Cash at bank and in hand | 54/58 | €54,865 | €50,496 | -€4,369 | -8.0% |
| Deferred charges and accrued income | 490/1 | €624 | €641 | +€18 | +2.8% |
| Total equity and liabilities | 10/49 | €100,122 | €97,417 | -€2,705 | -2.7% |
| Equity | 10/15 | €52,252 | €54,825 | +€2,573 | +4.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €39,852 | €42,422 | +€2,570 | +6.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €37,992 | €40,562 | +€2,570 | +6.8% |
| Profit (loss) carried forward | 14 | - | €3 | +€3 | |
| Amounts payable | 17/49 | €47,871 | €42,592 | -€5,279 | -11.0% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €47,871 | €42,592 | -€5,279 | -11.0% |
| Current portion of amounts payable after more than one year | 42 | €416 | €0 | -€416 | -100.0% |
| Trade debts | 44 | €434 | €369 | -€65 | -14.9% |
| Suppliers | 440/4 | €434 | €369 | -€65 | -14.9% |
| Taxes, remuneration and social security | 45 | €4,277 | €4,380 | +€103 | +2.4% |
| Taxes | 450/3 | €1,888 | €856 | -€1,033 | -54.7% |
| Remuneration and social security | 454/9 | €2,389 | €3,524 | +€1,135 | +47.5% |
| Other amounts payable | 47/48 | €42,743 | €37,843 | -€4,901 | -11.5% |
| Remuneration, social security and pensions | 62 | €4,802 | €17,720 | +€12,919 | +269.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,379 | €13,616 | +€237 | +1.8% |
| Other operating charges | 640/8 | €9,535 | €10,632 | +€1,097 | +11.5% |
| Gross operating margin | 9900 | €57,579 | €46,601 | -€10,978 | -19.1% |
| Operating profit (loss) | 9901 | €29,863 | €4,633 | -€25,230 | -84.5% |
| Financial income | 75/76B | €3,510 | €0 | -€3,510 | -100.0% |
| Recurring financial income | 75 | €3,510 | €0 | -€3,510 | -100.0% |
| Financial charges | 65/66B | €262 | €974 | +€712 | +271.6% |
| Recurring financial charges | 65 | €262 | €974 | +€712 | +271.6% |
| Profit (loss) for the period before taxes | 9903 | €33,112 | €3,659 | -€29,453 | -88.9% |
| Income taxes | 67/77 | €10,882 | €1,086 | -€9,796 | -90.0% |
| Profit (loss) for the period | 9904 | €22,230 | €2,573 | -€19,657 | -88.4% |
| Profit (loss) for the period to be appropriated | 9905 | €22,230 | €2,573 | -€19,657 | -88.4% |
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 7 October 2026 via checked.be.