ONO-R: 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.
ONO-R
Largest movements
- Tangible fixed assets +€60,386
up €60,386 (+5,015%), from €1,204 to €61,590
- Cash +€9,554
up €9,554 (+11.2%), from €85,104 to €94,658
mainly Net result for the year (+€54,818) and Debts after one year (+€32,581)
- Receivables within one year -€3,112
down €3,112 (-16.2%), from €19,207 to €16,095
- Reserves +€42,750
up €42,750 (+36.5%), from €117,257 to €160,007
of which Distributable reserves: +€42,750
- Debts after one year +€32,581
new in 2025: €32,581
- Accrued charges and deferred income -€14,691
no longer reported in 2025 (was €14,691)
- Current portion of long-term debt +€9,627
new in 2025: €9,627
- Tax, wage and social debts -€4,652
down €4,652 (-29.9%), from €15,549 to €10,897
- Gross operating margin +€20,157
up €20,157 (+28.8%), from €70,011 to €90,168
- Depreciation +€13,601
up €13,601 (+1,503%), from €905 to €14,506
- Financial charges +€1,865
up €1,865 (+499%), from €374 to €2,239
- Taxes +€1,555
up €1,555 (+9.3%), from €16,670 to €18,225
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 | €171,616 | €237,333 | +€65,717 | +38.3% |
| Fixed assets | 21/28 | €1,204 | €61,590 | +€60,386 | +5,015% |
| Tangible fixed assets | 22/27 | €1,204 | €61,590 | +€60,386 | +5,015% |
| Furniture and vehicles | 24 | €1,204 | €61,590 | +€60,386 | +5,015% |
| Current assets | 29/58 | €170,412 | €175,743 | +€5,331 | +3.1% |
| Amounts receivable after more than one year | 29 | €64,250 | €64,250 | = | 0.0% |
| Other amounts receivable | 291 | €64,250 | €64,250 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €19,207 | €16,095 | -€3,112 | -16.2% |
| Other amounts receivable | 41 | €19,207 | €16,095 | -€3,112 | -16.2% |
| Cash at bank and in hand | 54/58 | €85,104 | €94,658 | +€9,554 | +11.2% |
| Deferred charges and accrued income | 490/1 | €1,851 | €740 | -€1,111 | -60.0% |
| Total equity and liabilities | 10/49 | €171,616 | €237,333 | +€65,717 | +38.3% |
| Equity | 10/15 | €125,143 | €167,961 | +€42,818 | +34.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €117,257 | €160,007 | +€42,750 | +36.5% |
| Tax-exempt reserves | 132 | €4,364 | €4,364 | = | 0.0% |
| Distributable reserves | 133 | €112,893 | €155,643 | +€42,750 | +37.9% |
| Profit (loss) carried forward | 14 | €1,686 | €1,754 | +€68 | +4.0% |
| Amounts payable | 17/49 | €46,473 | €69,372 | +€22,899 | +49.3% |
| Amounts payable after more than one year | 17 | - | €32,581 | +€32,581 | |
| Financial debts | 170/4 | - | €32,581 | +€32,581 | |
| Amounts payable within one year | 42/48 | €31,782 | €36,791 | +€5,009 | +15.8% |
| Current portion of amounts payable after more than one year | 42 | - | €9,627 | +€9,627 | |
| Financial debts | 43 | €678 | - | -€678 | |
| Credit institutions | 430/8 | €678 | - | -€678 | |
| Trade debts | 44 | €3,555 | €4,267 | +€712 | +20.0% |
| Suppliers | 440/4 | €3,555 | €4,267 | +€712 | +20.0% |
| Taxes, remuneration and social security | 45 | €15,549 | €10,897 | -€4,652 | -29.9% |
| Taxes | 450/3 | €15,549 | €10,897 | -€4,652 | -29.9% |
| Other amounts payable | 47/48 | €12,000 | €12,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €14,691 | - | -€14,691 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €905 | €14,506 | +€13,601 | +1,503% |
| Other operating charges | 640/8 | €483 | €1,027 | +€544 | +113% |
| Gross operating margin | 9900 | €70,011 | €90,168 | +€20,157 | +28.8% |
| Operating profit (loss) | 9901 | €68,623 | €74,635 | +€6,012 | +8.8% |
| Financial income | 75/76B | €463 | €647 | +€184 | +39.7% |
| Recurring financial income | 75 | €463 | €647 | +€184 | +39.7% |
| Financial charges | 65/66B | €374 | €2,239 | +€1,865 | +499% |
| Recurring financial charges | 65 | €374 | €2,239 | +€1,865 | +499% |
| Profit (loss) for the period before taxes | 9903 | €68,712 | €73,043 | +€4,331 | +6.3% |
| Income taxes | 67/77 | €16,670 | €18,225 | +€1,555 | +9.3% |
| Profit (loss) for the period | 9904 | €52,042 | €54,818 | +€2,776 | +5.3% |
| Profit (loss) for the period to be appropriated | 9905 | €52,042 | €54,818 | +€2,776 | +5.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.