OOW2021: 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.
OOW2021
Largest movements
- Tangible fixed assets +€80,208
up €80,208 (+18.4%), from €435,108 to €515,316
of which Land and buildings: +€91,374
- Cash +€16,630
up €16,630 (+147%), from €11,332 to €27,962
mainly Other debts (+€182,478) and Depreciation (+€37,375)
- Other debts +€182,478
up €182,478 (+46.6%), from €391,922 to €574,400
- Profit (loss) carried forward -€70,320
down €70,320 (-79.9%), from -€88,047 to -€158,367
- Debts after one year -€24,758
down €24,758 (-50.0%), from €49,496 to €24,738
- Trade debts +€5,660
up €5,660 (+84.4%), from €6,705 to €12,365
- Gross operating margin +€14,823
up €14,823 (+36.1%), from -€41,108 to -€26,286
- Financial charges -€6,482
down €6,482 (-68.4%), from €9,471 to €2,989
- Depreciation +€2,201
up €2,201 (+6.3%), from €35,174 to €37,375
- Other operating charges +€1,376
up €1,376 (+65.3%), from €2,107 to €3,483
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 | €454,885 | €546,510 | +€91,625 | +20.1% |
| Fixed assets | 21/28 | €435,108 | €515,316 | +€80,208 | +18.4% |
| Tangible fixed assets | 22/27 | €435,108 | €515,316 | +€80,208 | +18.4% |
| Land and buildings | 22 | €301,841 | €393,215 | +€91,374 | +30.3% |
| Plant, machinery and equipment | 23 | €8,534 | €16,080 | +€7,546 | +88.4% |
| Furniture and vehicles | 24 | €74,824 | €65,699 | -€9,125 | -12.2% |
| Leasing and similar rights | 25 | €36,985 | €27,397 | -€9,588 | -25.9% |
| Assets under construction and advance payments | 27 | €12,924 | €12,924 | = | 0.0% |
| Current assets | 29/58 | €19,777 | €31,194 | +€11,417 | +57.7% |
| Amounts receivable within one year | 40/41 | €6,551 | €1,218 | -€5,333 | -81.4% |
| Trade receivables | 40 | €4,959 | €935 | -€4,023 | -81.1% |
| Other amounts receivable | 41 | €1,593 | €283 | -€1,310 | -82.2% |
| Cash at bank and in hand | 54/58 | €11,332 | €27,962 | +€16,630 | +147% |
| Deferred charges and accrued income | 490/1 | €1,894 | €2,014 | +€120 | +6.4% |
| Total equity and liabilities | 10/49 | €454,885 | €546,510 | +€91,625 | +20.1% |
| Equity | 10/15 | -€20,107 | -€90,427 | -€70,320 | -350% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €62,940 | €62,940 | = | 0.0% |
| Distributable reserves | 133 | €62,940 | €62,940 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€88,047 | -€158,367 | -€70,320 | -79.9% |
| Amounts payable | 17/49 | €474,992 | €636,937 | +€161,945 | +34.1% |
| Amounts payable after more than one year | 17 | €49,496 | €24,738 | -€24,758 | -50.0% |
| Financial debts | 170/4 | €49,496 | €24,738 | -€24,758 | -50.0% |
| Amounts payable within one year | 42/48 | €425,496 | €612,199 | +€186,703 | +43.9% |
| Current portion of amounts payable after more than one year | 42 | €23,734 | €24,758 | +€1,024 | +4.3% |
| Trade debts | 44 | €6,705 | €12,365 | +€5,660 | +84.4% |
| Suppliers | 440/4 | €6,705 | €12,365 | +€5,660 | +84.4% |
| Taxes, remuneration and social security | 45 | €3,135 | €676 | -€2,459 | -78.4% |
| Taxes | 450/3 | €3,135 | €676 | -€2,459 | -78.4% |
| Other amounts payable | 47/48 | €391,922 | €574,400 | +€182,478 | +46.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,174 | €37,375 | +€2,201 | +6.3% |
| Other operating charges | 640/8 | €2,107 | €3,483 | +€1,376 | +65.3% |
| Gross operating margin | 9900 | -€41,108 | -€26,286 | +€14,823 | +36.1% |
| Operating profit (loss) | 9901 | -€78,388 | -€67,143 | +€11,245 | +14.3% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €9,471 | €2,989 | -€6,482 | -68.4% |
| Recurring financial charges | 65 | €9,471 | €2,989 | -€6,482 | -68.4% |
| Profit (loss) for the period before taxes | 9903 | -€87,859 | -€70,132 | +€17,728 | +20.2% |
| Income taxes | 67/77 | €188 | €188 | +€1 | +0.3% |
| Profit (loss) for the period | 9904 | -€88,047 | -€70,320 | +€17,727 | +20.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€88,047 | -€70,320 | +€17,727 | +20.1% |
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 24 October 2026 via checked.be.