OS2F: 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.
OS2F
Largest movements
- Receivables within one year -€17,113
down €17,113 (-41.6%), from €41,174 to €24,061
of which Other amounts receivable: -€16,697
- Current investments +€11,067
new in 2025: €11,067
- Cash +€2,897
up €2,897 (+4.7%), from €61,388 to €64,285
mainly Net result for the year (+€31,560) and Receivables within one year (+€17,113)
- Tangible fixed assets -€2,644
down €2,644 (-17.5%), from €15,127 to €12,484
of which Other tangible fixed assets: -€1,791
- Provisions -€29,516
down €29,516 (-100.0%), from €29,516 to €0
- Reserves +€22,539
up €22,539 (+35.4%), from €63,672 to €86,210
of which Distributable reserves: +€22,539
- Other debts +€3,162
up €3,162 (+54.0%), from €5,859 to €9,021
- Trade debts -€1,493
down €1,493 (-66.5%), from €2,246 to €753
- Provisions -€59,032
down €59,032, from €29,516 to -€29,516
- Financial charges +€36,364
up €36,364 (+9223.2%), from €394 to €36,758
- Gross operating margin -€16,953
down €16,953 (-24.8%), from €68,254 to €51,301
- Taxes -€6,941
down €6,941 (-47.3%), from €14,663 to €7,722
- Depreciation -€4,702
down €4,702 (-54.4%), from €8,637 to €3,935
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 | €118,724 | €112,767 | -€5,957 | -5.0% |
| Fixed assets | 21/28 | €15,127 | €12,484 | -€2,644 | -17.5% |
| Tangible fixed assets | 22/27 | €15,127 | €12,484 | -€2,644 | -17.5% |
| Furniture and vehicles | 24 | €2,126 | €1,273 | -€853 | -40.1% |
| Other tangible fixed assets | 26 | €13,001 | €11,210 | -€1,791 | -13.8% |
| Current assets | 29/58 | €103,596 | €100,283 | -€3,313 | -3.2% |
| Amounts receivable within one year | 40/41 | €41,174 | €24,061 | -€17,113 | -41.6% |
| Trade receivables | 40 | €11,057 | €10,641 | -€416 | -3.8% |
| Other amounts receivable | 41 | €30,117 | €13,420 | -€16,697 | -55.4% |
| Current investments | 50/53 | - | €11,067 | +€11,067 | |
| Cash at bank and in hand | 54/58 | €61,388 | €64,285 | +€2,897 | +4.7% |
| Deferred charges and accrued income | 490/1 | €1,034 | €870 | -€165 | -15.9% |
| Total equity and liabilities | 10/49 | €118,724 | €112,767 | -€5,957 | -5.0% |
| Equity | 10/15 | €68,672 | €91,210 | +€22,539 | +32.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €63,672 | €86,210 | +€22,539 | +35.4% |
| Tax-exempt reserves | 132 | €1,617 | €1,617 | = | 0.0% |
| Distributable reserves | 133 | €62,055 | €84,593 | +€22,539 | +36.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €29,516 | €0 | -€29,516 | -100.0% |
| Provisions for liabilities and charges | 160/5 | €29,516 | €0 | -€29,516 | -100.0% |
| Other liabilities and charges | 164/5 | €29,516 | €0 | -€29,516 | -100.0% |
| Amounts payable | 17/49 | €20,536 | €21,557 | +€1,021 | +5.0% |
| Amounts payable within one year | 42/48 | €20,536 | €21,557 | +€1,021 | +5.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €12 | €27 | +€15 | +124.1% |
| Credit institutions | 430/8 | €12 | €27 | +€15 | +124.1% |
| Trade debts | 44 | €2,246 | €753 | -€1,493 | -66.5% |
| Suppliers | 440/4 | €2,246 | €753 | -€1,493 | -66.5% |
| Taxes, remuneration and social security | 45 | €12,419 | €11,755 | -€663 | -5.3% |
| Taxes | 450/3 | €12,419 | €11,755 | -€663 | -5.3% |
| Other amounts payable | 47/48 | €5,859 | €9,021 | +€3,162 | +54.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,637 | €3,935 | -€4,702 | -54.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €29,516 | -€29,516 | -€59,032 | |
| Other operating charges | 640/8 | €514 | €645 | +€131 | +25.5% |
| Non-recurring operating charges | 66A | - | €2,776 | +€2,776 | |
| Gross operating margin | 9900 | €68,254 | €51,301 | -€16,953 | -24.8% |
| Operating profit (loss) | 9901 | €29,587 | €73,461 | +€43,875 | +148.3% |
| Financial income | 75/76B | €1,361 | €2,580 | +€1,219 | +89.5% |
| Recurring financial income | 75 | €1,361 | €2,580 | +€1,219 | +89.5% |
| Financial charges | 65/66B | €394 | €36,758 | +€36,364 | +9223.2% |
| Recurring financial charges | 65 | €394 | €36,758 | +€36,364 | +9223.2% |
| Profit (loss) for the period before taxes | 9903 | €30,553 | €39,282 | +€8,729 | +28.6% |
| Income taxes | 67/77 | €14,663 | €7,722 | -€6,941 | -47.3% |
| Profit (loss) for the period | 9904 | €15,890 | €31,560 | +€15,670 | +98.6% |
| Profit (loss) for the period to be appropriated | 9905 | €15,890 | €31,560 | +€15,670 | +98.6% |
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 4 October 2026 via checked.be.