Or & Sable: 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 & Sable
Largest movements
- Receivables within one year +€53,532
up €53,532 (+848%), from €6,309 to €59,841
of which Trade receivables: +€37,597
- Tangible fixed assets +€44,519
new in 2025: €44,519
of which Other tangible fixed assets: +€39,883
- Cash +€6,921
up €6,921 (+27.6%), from €25,053 to €31,973
mainly Net result for the year (+€57,881) and Trade debts (+€28,110)
- Reserves +€68,932
new in 2025: €68,932
- Trade debts +€28,110
up €28,110 (+1,643%), from €1,711 to €29,821
- Profit (loss) carried forward -€11,051
down €11,051 (-100%), from €11,051 to €0
- Other debts +€9,180
up €9,180 (+76.5%), from €12,000 to €21,180
- Tax, wage and social debts +€8,800
up €8,800 (+191%), from €4,600 to €13,400
- Gross operating margin +€48,263
up €48,263 (+198%), from €24,367 to €72,630
- Taxes +€8,730
up €8,730 (+190%), from €4,600 to €13,330
- Other operating charges -€1,080
down €1,080 (-67.2%), from €1,607 to €527
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 | €31,362 | €136,333 | +€104,972 | +335% |
| Fixed assets | 21/28 | - | €44,519 | +€44,519 | |
| Tangible fixed assets | 22/27 | - | €44,519 | +€44,519 | |
| Furniture and vehicles | 24 | - | €4,637 | +€4,637 | |
| Other tangible fixed assets | 26 | - | €39,883 | +€39,883 | |
| Current assets | 29/58 | €31,362 | €91,814 | +€60,452 | +193% |
| Amounts receivable within one year | 40/41 | €6,309 | €59,841 | +€53,532 | +848% |
| Trade receivables | 40 | €5,047 | €42,644 | +€37,597 | +745% |
| Other amounts receivable | 41 | €1,262 | €17,197 | +€15,935 | +1,263% |
| Cash at bank and in hand | 54/58 | €25,053 | €31,973 | +€6,921 | +27.6% |
| Total equity and liabilities | 10/49 | €31,362 | €136,333 | +€104,972 | +335% |
| Equity | 10/15 | €13,051 | €70,932 | +€57,881 | +444% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | - | €68,932 | +€68,932 | |
| Distributable reserves | 133 | - | €68,932 | +€68,932 | |
| Profit (loss) carried forward | 14 | €11,051 | €0 | -€11,051 | -100% |
| Amounts payable | 17/49 | €18,311 | €65,401 | +€47,090 | +257% |
| Amounts payable within one year | 42/48 | €18,311 | €64,401 | +€46,090 | +252% |
| Trade debts | 44 | €1,711 | €29,821 | +€28,110 | +1,643% |
| Suppliers | 440/4 | €1,711 | €29,821 | +€28,110 | +1,643% |
| Taxes, remuneration and social security | 45 | €4,600 | €13,400 | +€8,800 | +191% |
| Taxes | 450/3 | €4,600 | €13,400 | +€8,800 | +191% |
| Other amounts payable | 47/48 | €12,000 | €21,180 | +€9,180 | +76.5% |
| Accrued charges and deferred income | 492/3 | - | €1,000 | +€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €627 | +€627 | |
| Other operating charges | 640/8 | €1,607 | €527 | -€1,080 | -67.2% |
| Gross operating margin | 9900 | €24,367 | €72,630 | +€48,263 | +198% |
| Operating profit (loss) | 9901 | €22,759 | €71,476 | +€48,716 | +214% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €108 | €264 | +€156 | +144% |
| Recurring financial charges | 65 | €108 | €264 | +€156 | +144% |
| Profit (loss) for the period before taxes | 9903 | €22,651 | €71,211 | +€48,561 | +214% |
| Income taxes | 67/77 | €4,600 | €13,330 | +€8,730 | +190% |
| Profit (loss) for the period | 9904 | €18,051 | €57,881 | +€39,831 | +221% |
| Profit (loss) for the period to be appropriated | 9905 | €18,051 | €57,881 | +€39,831 | +221% |
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 23 October 2026 via checked.be.