OPEN WORLD: 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.
OPEN WORLD
Largest movements
- Receivables within one year -€68,317
down €68,317 (-57.0%), from €119,900 to €51,582
of which Other amounts receivable: -€60,581
- Cash -€31,865
no longer reported in 2025 (was €31,865)
mainly Other debts (-€70,838) and Tax, wage and social debts (-€49,355)
- Tangible fixed assets -€4,586
down €4,586 (-16.0%), from €28,654 to €24,067
of which Land and buildings: -€4,146
- Other debts -€70,838
no longer reported in 2025 (was €70,838)
- Tax, wage and social debts -€49,355
down €49,355 (-73.7%), from €66,996 to €17,640
- Current portion of long-term debt +€14,928
new in 2025: €14,928
- Short-term financial debts +€5,244
new in 2025: €5,244
- Reserves -€5,158
down €5,158 (-13.1%), from €39,372 to €34,214
- Gross operating margin -€6,680
down €6,680 (-23.4%), from €28,511 to €21,831
- Financial charges +€5,772
up €5,772 (+3354.1%), from €172 to €5,944
- Other operating charges +€5,575
up €5,575 (+70.6%), from €7,892 to €13,467
- Taxes -€2,506
down €2,506 (-42.2%), from €5,937 to €3,431
- Depreciation -€1,563
down €1,563 (-22.7%), from €6,892 to €5,329
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 | €180,918 | €76,150 | -€104,768 | -57.9% |
| Fixed assets | 21/28 | €29,154 | €24,567 | -€4,586 | -15.7% |
| Tangible fixed assets | 22/27 | €28,654 | €24,067 | -€4,586 | -16.0% |
| Land and buildings | 22 | €25,866 | €21,720 | -€4,146 | -16.0% |
| Plant, machinery and equipment | 23 | €2,787 | €1,645 | -€1,143 | -41.0% |
| Furniture and vehicles | 24 | - | €703 | +€703 | |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €151,764 | €51,582 | -€100,182 | -66.0% |
| Amounts receivable within one year | 40/41 | €119,900 | €51,582 | -€68,317 | -57.0% |
| Trade receivables | 40 | €35,309 | €27,573 | -€7,736 | -21.9% |
| Other amounts receivable | 41 | €84,590 | €24,009 | -€60,581 | -71.6% |
| Cash at bank and in hand | 54/58 | €31,865 | - | -€31,865 | |
| Total equity and liabilities | 10/49 | €180,918 | €76,150 | -€104,768 | -57.9% |
| Equity | 10/15 | €41,872 | €36,714 | -€5,158 | -12.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €39,372 | €34,214 | -€5,158 | -13.1% |
| Distributable reserves | 133 | €39,372 | €34,214 | -€5,158 | -13.1% |
| Amounts payable | 17/49 | €139,046 | €39,435 | -€99,610 | -71.6% |
| Amounts payable within one year | 42/48 | €139,046 | €39,435 | -€99,610 | -71.6% |
| Current portion of amounts payable after more than one year | 42 | - | €14,928 | +€14,928 | |
| Financial debts | 43 | - | €5,244 | +€5,244 | |
| Credit institutions | 430/8 | - | €5,244 | +€5,244 | |
| Trade debts | 44 | €1,212 | €1,624 | +€411 | +33.9% |
| Suppliers | 440/4 | €1,212 | €1,624 | +€411 | +33.9% |
| Taxes, remuneration and social security | 45 | €66,996 | €17,640 | -€49,355 | -73.7% |
| Taxes | 450/3 | €66,996 | €17,640 | -€49,355 | -73.7% |
| Other amounts payable | 47/48 | €70,838 | - | -€70,838 | |
| Remuneration, social security and pensions | 62 | €800 | €1,760 | +€960 | +120.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,892 | €5,329 | -€1,563 | -22.7% |
| Other operating charges | 640/8 | €7,892 | €13,467 | +€5,575 | +70.6% |
| Gross operating margin | 9900 | €28,511 | €21,831 | -€6,680 | -23.4% |
| Operating profit (loss) | 9901 | €12,927 | €1,275 | -€11,652 | -90.1% |
| Financial income | 75/76B | €3,736 | €2,943 | -€794 | -21.2% |
| Recurring financial income | 75 | €3,736 | €2,943 | -€794 | -21.2% |
| Financial charges | 65/66B | €172 | €5,944 | +€5,772 | +3354.1% |
| Recurring financial charges | 65 | €172 | €5,944 | +€5,772 | +3354.1% |
| Profit (loss) for the period before taxes | 9903 | €16,491 | -€1,727 | -€18,218 | |
| Income taxes | 67/77 | €5,937 | €3,431 | -€2,506 | -42.2% |
| Profit (loss) for the period | 9904 | €10,554 | -€5,158 | -€15,712 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,554 | -€5,158 | -€15,712 |
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 3 October 2026 via checked.be.