OORzaak: 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.
OORzaak
Largest movements
- Current investments +€62,830
up €62,830 (+74.0%), from €84,929 to €147,759
- Cash -€21,458
down €21,458 (-26.5%), from €81,068 to €59,610
mainly Current investments (-€62,830) and Trade debts (-€35,986)
- Receivables within one year +€14,948
up €14,948 (+19.3%), from €77,355 to €92,302
of which Other amounts receivable: +€8,926
- Deferred charges and accrued income -€11,588
down €11,588 (-73.8%), from €15,704 to €4,116
- Stocks and contracts -€10,728
down €10,728 (-37.1%), from €28,932 to €18,204
- Trade debts -€35,986
down €35,986 (-80.1%), from €44,924 to €8,938
- Other debts +€33,000
new in 2025: €33,000
- Reserves +€22,000
up €22,000 (+12.6%), from €174,000 to €196,000
of which Distributable reserves: +€22,000
- Tax, wage and social debts +€6,373
up €6,373 (+45.6%), from €13,984 to €20,356
- Gross operating margin +€33,599
up €33,599 (+59.6%), from €56,412 to €90,010
- Taxes +€11,857
up €11,857 (+94.6%), from €12,528 to €24,385
- Depreciation -€7,181
down €7,181 (-37.9%), from €18,936 to €11,755
- Financial income +€979
up €979 (+45.9%), from €2,131 to €3,109
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 | €315,644 | €342,178 | +€26,534 | +8.4% |
| Fixed assets | 21/28 | €27,656 | €20,187 | -€7,469 | -27.0% |
| Tangible fixed assets | 22/27 | €27,656 | €20,187 | -€7,469 | -27.0% |
| Land and buildings | 22 | €6,419 | €5,110 | -€1,309 | -20.4% |
| Plant, machinery and equipment | 23 | €1,072 | €720 | -€351 | -32.8% |
| Furniture and vehicles | 24 | €14,834 | €10,363 | -€4,472 | -30.1% |
| Other tangible fixed assets | 26 | €5,331 | €3,994 | -€1,337 | -25.1% |
| Current assets | 29/58 | €287,988 | €321,991 | +€34,003 | +11.8% |
| Stocks and contracts in progress | 3 | €28,932 | €18,204 | -€10,728 | -37.1% |
| Stocks | 30/36 | €28,932 | €18,204 | -€10,728 | -37.1% |
| Amounts receivable within one year | 40/41 | €77,355 | €92,302 | +€14,948 | +19.3% |
| Trade receivables | 40 | €46,352 | €52,374 | +€6,022 | +13.0% |
| Other amounts receivable | 41 | €31,003 | €39,928 | +€8,926 | +28.8% |
| Current investments | 50/53 | €84,929 | €147,759 | +€62,830 | +74.0% |
| Cash at bank and in hand | 54/58 | €81,068 | €59,610 | -€21,458 | -26.5% |
| Deferred charges and accrued income | 490/1 | €15,704 | €4,116 | -€11,588 | -73.8% |
| Total equity and liabilities | 10/49 | €315,644 | €342,178 | +€26,534 | +8.4% |
| Equity | 10/15 | €256,736 | €278,826 | +€22,089 | +8.6% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €174,000 | €196,000 | +€22,000 | +12.6% |
| Non-distributable reserves | 130/1 | €8,000 | €8,000 | = | 0.0% |
| Other | 1319 | €8,000 | €8,000 | = | 0.0% |
| Distributable reserves | 133 | €166,000 | €188,000 | +€22,000 | +13.3% |
| Profit (loss) carried forward | 14 | €2,736 | €2,826 | +€89 | +3.3% |
| Amounts payable | 17/49 | €58,908 | €63,352 | +€4,445 | +7.5% |
| Amounts payable within one year | 42/48 | €58,908 | €62,294 | +€3,386 | +5.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €44,924 | €8,938 | -€35,986 | -80.1% |
| Suppliers | 440/4 | €44,924 | €8,938 | -€35,986 | -80.1% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €13,984 | €20,356 | +€6,373 | +45.6% |
| Taxes | 450/3 | €13,984 | €20,356 | +€6,373 | +45.6% |
| Other amounts payable | 47/48 | - | €33,000 | +€33,000 | |
| Accrued charges and deferred income | 492/3 | - | €1,058 | +€1,058 | |
| Remuneration, social security and pensions | 62 | - | €180 | +€180 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,936 | €11,755 | -€7,181 | -37.9% |
| Other operating charges | 640/8 | €919 | €1,310 | +€391 | +42.5% |
| Gross operating margin | 9900 | €56,412 | €90,010 | +€33,599 | +59.6% |
| Operating profit (loss) | 9901 | €36,557 | €76,765 | +€40,208 | +110% |
| Financial income | 75/76B | €2,131 | €3,109 | +€979 | +45.9% |
| Recurring financial income | 75 | €2,131 | €3,109 | +€979 | +45.9% |
| Financial charges | 65/66B | €317 | €400 | +€84 | +26.4% |
| Recurring financial charges | 65 | €317 | €400 | +€84 | +26.4% |
| Profit (loss) for the period before taxes | 9903 | €38,371 | €79,474 | +€41,103 | +107% |
| Income taxes | 67/77 | €12,528 | €24,385 | +€11,857 | +94.6% |
| Profit (loss) for the period | 9904 | €25,842 | €55,089 | +€29,247 | +113% |
| Profit (loss) for the period to be appropriated | 9905 | €25,842 | €55,089 | +€29,247 | +113% |
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 31 October 2026 via checked.be.