OR Aannemingen: 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.
OR Aannemingen
Largest movements
- Stocks and contracts -€25,500
no longer reported in 2025 (was €25,500)
- Tangible fixed assets -€7,634
down €7,634 (-14.0%), from €54,579 to €46,945
of which Plant, machinery and equipment: -€10,447
- Receivables within one year -€5,014
down €5,014 (-12.3%), from €40,663 to €35,649
of which Trade receivables: -€3,220
- Cash +€4,295
up €4,295 (+3,464%), from €124 to €4,419
mainly Stocks and contracts (+€25,500) and Depreciation (+€20,170)
- Deferred charges and accrued income -€2,275
down €2,275 (-61.5%), from €3,700 to €1,425
- Debts after one year -€28,613
down €28,613 (-43.6%), from €65,661 to €37,048
- Profit (loss) carried forward +€18,350
up €18,350 (+21.0%), from -€87,183 to -€68,833
- Other debts -€11,058
down €11,058 (-14.2%), from €78,049 to €66,991
- Trade debts -€8,378
down €8,378 (-83.1%), from €10,084 to €1,706
- Current portion of long-term debt -€4,270
down €4,270 (-13.0%), from €32,884 to €28,614
- Gross operating margin +€74,687
up €74,687 (+313%), from €23,888 to €98,575
- Depreciation -€17,746
down €17,746 (-46.8%), from €37,916 to €20,170
- Staff costs -€9,261
down €9,261 (-14.8%), from €62,636 to €53,375
- Other operating charges -€5,744
down €5,744 (-57.5%), from €9,987 to €4,243
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 | €124,566 | €88,438 | -€36,128 | -29.0% |
| Fixed assets | 21/28 | €54,579 | €46,945 | -€7,634 | -14.0% |
| Tangible fixed assets | 22/27 | €54,579 | €46,945 | -€7,634 | -14.0% |
| Plant, machinery and equipment | 23 | €20,127 | €9,680 | -€10,447 | -51.9% |
| Furniture and vehicles | 24 | €34,452 | €37,265 | +€2,813 | +8.2% |
| Current assets | 29/58 | €69,987 | €41,493 | -€28,494 | -40.7% |
| Stocks and contracts in progress | 3 | €25,500 | - | -€25,500 | |
| Stocks | 30/36 | €25,500 | - | -€25,500 | |
| Amounts receivable within one year | 40/41 | €40,663 | €35,649 | -€5,014 | -12.3% |
| Trade receivables | 40 | €7,178 | €3,958 | -€3,220 | -44.9% |
| Other amounts receivable | 41 | €33,485 | €31,691 | -€1,794 | -5.4% |
| Cash at bank and in hand | 54/58 | €124 | €4,419 | +€4,295 | +3,464% |
| Deferred charges and accrued income | 490/1 | €3,700 | €1,425 | -€2,275 | -61.5% |
| Total equity and liabilities | 10/49 | €124,566 | €88,438 | -€36,128 | -29.0% |
| Equity | 10/15 | -€66,723 | -€48,373 | +€18,350 | +27.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€87,183 | -€68,833 | +€18,350 | +21.0% |
| Amounts payable | 17/49 | €191,289 | €136,811 | -€54,478 | -28.5% |
| Amounts payable after more than one year | 17 | €65,661 | €37,048 | -€28,613 | -43.6% |
| Financial debts | 170/4 | €65,661 | €37,048 | -€28,613 | -43.6% |
| Amounts payable within one year | 42/48 | €125,628 | €99,763 | -€25,865 | -20.6% |
| Current portion of amounts payable after more than one year | 42 | €32,884 | €28,614 | -€4,270 | -13.0% |
| Trade debts | 44 | €10,084 | €1,706 | -€8,378 | -83.1% |
| Suppliers | 440/4 | €10,084 | €1,706 | -€8,378 | -83.1% |
| Advances received on contracts in progress | 46 | €3,000 | €1,141 | -€1,859 | -62.0% |
| Taxes, remuneration and social security | 45 | €1,611 | €1,311 | -€300 | -18.6% |
| Taxes | 450/3 | - | €1,311 | +€1,311 | |
| Remuneration and social security | 454/9 | €1,611 | - | -€1,611 | |
| Other amounts payable | 47/48 | €78,049 | €66,991 | -€11,058 | -14.2% |
| Remuneration, social security and pensions | 62 | €62,636 | €53,375 | -€9,261 | -14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,916 | €20,170 | -€17,746 | -46.8% |
| Other operating charges | 640/8 | €9,987 | €4,243 | -€5,744 | -57.5% |
| Non-recurring operating charges | 66A | €1,606 | - | -€1,606 | |
| Gross operating margin | 9900 | €23,888 | €98,575 | +€74,687 | +313% |
| Operating profit (loss) | 9901 | -€88,257 | €20,787 | +€109,044 | |
| Financial income | 75/76B | €98 | €297 | +€199 | +203% |
| Recurring financial income | 75 | €98 | €297 | +€199 | +203% |
| Financial charges | 65/66B | €2,522 | €2,734 | +€212 | +8.4% |
| Recurring financial charges | 65 | €2,522 | €2,734 | +€212 | +8.4% |
| Profit (loss) for the period before taxes | 9903 | -€90,681 | €18,350 | +€109,031 | |
| Income taxes | 67/77 | €4 | - | -€4 | |
| Profit (loss) for the period | 9904 | -€90,685 | €18,350 | +€109,035 | |
| Profit (loss) for the period to be appropriated | 9905 | -€90,685 | €18,350 | +€109,035 |
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 27 October 2026 via checked.be.