OR-BE: what changed
OR-BE
Largest movements
- Receivables within one year +€91,382
up €91,382 (+55.1%), from €165,805 to €257,187
of which Trade receivables: +€67,437
- Cash -€9,097
down €9,097 (-69.8%), from €13,036 to €3,938
mainly Receivables within one year (-€91,382) and Current portion of long-term debt (-€14,227)
- Trade debts +€81,697
up €81,697 (+46.1%), from €177,073 to €258,770
- Current portion of long-term debt -€14,227
down €14,227 (-91.5%), from €15,552 to €1,324
- Profit (loss) carried forward +€11,850
up €11,850 (+88.1%), from -€13,447 to -€1,597
- Tax, wage and social debts +€5,192
up €5,192 (+341%), from €1,521 to €6,713
of which Taxes: +€4,725
- Gross operating margin +€20,698
up €20,698 (+141%), from €14,693 to €35,390
- Staff costs +€4,379
new in 2025: €4,379
- Taxes +€3,265
up €3,265 (+223%), from €1,461 to €4,725
- Financial charges -€2,179
down €2,179 (-42.0%), from €5,191 to €3,012
- Financial income -€2,131
down €2,131 (-78.2%), from €2,724 to €593
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €207,847 | €292,210 | +€84,363 | +40.6% |
| Fixed assets | 21/28 | €29,006 | €31,085 | +€2,079 | +7.2% |
| Tangible fixed assets | 22/27 | €29,006 | €31,085 | +€2,079 | +7.2% |
| Furniture and vehicles | 24 | €29,006 | €31,085 | +€2,079 | +7.2% |
| Current assets | 29/58 | €178,841 | €261,125 | +€82,285 | +46.0% |
| Amounts receivable within one year | 40/41 | €165,805 | €257,187 | +€91,382 | +55.1% |
| Trade receivables | 40 | €143,634 | €211,071 | +€67,437 | +47.0% |
| Other amounts receivable | 41 | €22,171 | €46,116 | +€23,945 | +108% |
| Cash at bank and in hand | 54/58 | €13,036 | €3,938 | -€9,097 | -69.8% |
| Total equity and liabilities | 10/49 | €207,847 | €292,210 | +€84,363 | +40.6% |
| Equity | 10/15 | €8,553 | €20,403 | +€11,850 | +139% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,447 | -€1,597 | +€11,850 | +88.1% |
| Amounts payable | 17/49 | €199,295 | €271,807 | +€72,513 | +36.4% |
| Amounts payable after more than one year | 17 | €1,324 | - | -€1,324 | |
| Financial debts | 170/4 | €1,324 | - | -€1,324 | |
| Amounts payable within one year | 42/48 | €197,970 | €271,807 | +€73,837 | +37.3% |
| Current portion of amounts payable after more than one year | 42 | €15,552 | €1,324 | -€14,227 | -91.5% |
| Trade debts | 44 | €177,073 | €258,770 | +€81,697 | +46.1% |
| Suppliers | 440/4 | €177,073 | €258,770 | +€81,697 | +46.1% |
| Taxes, remuneration and social security | 45 | €1,521 | €6,713 | +€5,192 | +341% |
| Taxes | 450/3 | €1,521 | €6,246 | +€4,725 | +311% |
| Remuneration and social security | 454/9 | - | €467 | +€467 | |
| Other amounts payable | 47/48 | €3,825 | €5,000 | +€1,175 | +30.7% |
| Remuneration, social security and pensions | 62 | - | €4,379 | +€4,379 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,945 | €10,051 | +€106 | +1.1% |
| Other operating charges | 640/8 | €450 | €1,965 | +€1,514 | +336% |
| Gross operating margin | 9900 | €14,693 | €35,390 | +€20,698 | +141% |
| Operating profit (loss) | 9901 | €4,297 | €18,995 | +€14,698 | +342% |
| Financial income | 75/76B | €2,724 | €593 | -€2,131 | -78.2% |
| Recurring financial income | 75 | €2,724 | €593 | -€2,131 | -78.2% |
| Financial charges | 65/66B | €5,191 | €3,012 | -€2,179 | -42.0% |
| Recurring financial charges | 65 | €5,191 | €3,012 | -€2,179 | -42.0% |
| Profit (loss) for the period before taxes | 9903 | €1,830 | €16,576 | +€14,745 | +806% |
| Income taxes | 67/77 | €1,461 | €4,725 | +€3,265 | +223% |
| Profit (loss) for the period | 9904 | €369 | €11,850 | +€11,481 | +3,108% |
| Profit (loss) for the period to be appropriated | 9905 | €369 | €11,850 | +€11,481 | +3,108% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.