OSA: 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.
OSA
Largest movements
- Tangible fixed assets -€16,883
down €16,883 (-99.9%), from €16,892 to €9
- Receivables within one year +€10,664
up €10,664 (+61.0%), from €17,473 to €28,137
of which Trade receivables: +€11,916
- Current portion of long-term debt +€368,104
up €368,104 (+1269.7%), from €28,991 to €397,095
- Debts after one year -€321,399
down €321,399 (-97.2%), from €330,646 to €9,247
- Profit (loss) carried forward -€33,672
down €33,672 (-41.3%), from -€81,565 to -€115,237
- Trade debts -€18,403
down €18,403 (-15.3%), from €120,122 to €101,719
- Other debts +€10,153
up €10,153 (+5.1%), from €199,359 to €209,512
- Depreciation -€6,031
down €6,031 (-82.7%), from €7,289 to €1,258
- Financial charges -€5,269
down €5,269 (-37.2%), from €14,180 to €8,911
- Gross operating margin -€4,150
down €4,150 (-25.1%), from -€16,504 to -€20,654
- Other operating charges +€528
up €528 (+22.5%), from €2,349 to €2,877
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 | €622,119 | €622,741 | +€622 | +0.1% |
| Fixed assets | 21/28 | €18,510 | €727 | -€17,783 | -96.1% |
| Intangible fixed assets | 21 | €1,618 | €718 | -€900 | -55.6% |
| Tangible fixed assets | 22/27 | €16,892 | €9 | -€16,883 | -99.9% |
| Furniture and vehicles | 24 | €16,892 | €9 | -€16,883 | -99.9% |
| Current assets | 29/58 | €603,609 | €622,014 | +€18,405 | +3.0% |
| Stocks and contracts in progress | 3 | €584,465 | €588,041 | +€3,576 | +0.6% |
| Stocks | 30/36 | €584,465 | €588,041 | +€3,576 | +0.6% |
| Amounts receivable within one year | 40/41 | €17,473 | €28,137 | +€10,664 | +61.0% |
| Trade receivables | 40 | €15,917 | €27,833 | +€11,916 | +74.9% |
| Other amounts receivable | 41 | €1,556 | €304 | -€1,252 | -80.5% |
| Cash at bank and in hand | 54/58 | €1 | €5,836 | +€5,835 | +583500.0% |
| Deferred charges and accrued income | 490/1 | €1,670 | - | -€1,670 | |
| Total equity and liabilities | 10/49 | €622,119 | €622,741 | +€622 | +0.1% |
| Equity | 10/15 | -€61,160 | -€94,832 | -€33,672 | -55.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€81,565 | -€115,237 | -€33,672 | -41.3% |
| Amounts payable | 17/49 | €683,279 | €717,573 | +€34,294 | +5.0% |
| Amounts payable after more than one year | 17 | €330,646 | €9,247 | -€321,399 | -97.2% |
| Financial debts | 170/4 | €330,646 | €9,247 | -€321,399 | -97.2% |
| Amounts payable within one year | 42/48 | €352,633 | €708,326 | +€355,693 | +100.9% |
| Current portion of amounts payable after more than one year | 42 | €28,991 | €397,095 | +€368,104 | +1269.7% |
| Financial debts | 43 | €4,161 | - | -€4,161 | |
| Credit institutions | 430/8 | €4,161 | - | -€4,161 | |
| Trade debts | 44 | €120,122 | €101,719 | -€18,403 | -15.3% |
| Suppliers | 440/4 | €120,122 | €101,719 | -€18,403 | -15.3% |
| Other amounts payable | 47/48 | €199,359 | €209,512 | +€10,153 | +5.1% |
| Non-recurring operating income | 76A | - | €7,516 | +€7,516 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,289 | €1,258 | -€6,031 | -82.7% |
| Other operating charges | 640/8 | €2,349 | €2,877 | +€528 | +22.5% |
| Gross operating margin | 9900 | -€16,504 | -€20,654 | -€4,150 | -25.1% |
| Operating profit (loss) | 9901 | -€26,142 | -€24,789 | +€1,353 | +5.2% |
| Financial income | 75/76B | €6 | €29 | +€23 | +383.3% |
| Recurring financial income | 75 | €6 | €29 | +€23 | +383.3% |
| Financial charges | 65/66B | €14,180 | €8,911 | -€5,269 | -37.2% |
| Recurring financial charges | 65 | €14,180 | €8,911 | -€5,269 | -37.2% |
| Profit (loss) for the period before taxes | 9903 | -€40,316 | -€33,671 | +€6,645 | +16.5% |
| Income taxes | 67/77 | - | €1 | +€1 | |
| Profit (loss) for the period | 9904 | -€40,316 | -€33,672 | +€6,644 | +16.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€40,316 | -€33,672 | +€6,644 | +16.5% |
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 6 October 2026 via checked.be.