OSACO: what changed
OSACO
Largest movements
- Receivables within one year +€46,548
up €46,548 (+92.1%), from €50,556 to €97,105
of which Other amounts receivable: +€24,495
- Tangible fixed assets -€24,745
down €24,745 (-8.8%), from €282,055 to €257,311
of which Furniture and vehicles: -€14,782
- Financial fixed assets -€6,489
down €6,489 (-18.2%), from €35,702 to €29,213
- Cash -€4,593
down €4,593 (-40.8%), from €11,245 to €6,652
mainly Receivables within one year (-€46,548) and Other debts (-€9,246)
- Reserves +€35,645
up €35,645 (+22.6%), from €157,913 to €193,559
of which Distributable reserves: +€35,645
- Other debts -€9,246
down €9,246 (-37.2%), from €24,873 to €15,627
- Debts after one year -€8,025
down €8,025 (-6.5%), from €124,293 to €116,268
of which Financial debts: -€26,784
- Current portion of long-term debt -€5,962
down €5,962 (-14.1%), from €42,413 to €36,451
- Gross operating margin +€64,680
up €64,680 (+3,383%), from €1,912 to €66,592
- Depreciation -€13,937
down €13,937 (-36.0%), from €38,682 to €24,745
- Taxes +€1,574
up €1,574 (+446%), from €353 to €1,927
- Other operating charges +€1,521
up €1,521 (+79.0%), from €1,925 to €3,446
- Financial income -€1,054
down €1,054 (-35.2%), from €2,990 to €1,936
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 | €383,262 | €393,474 | +€10,212 | +2.7% |
| Fixed assets | 21/28 | €317,757 | €286,524 | -€31,233 | -9.8% |
| Tangible fixed assets | 22/27 | €282,055 | €257,311 | -€24,745 | -8.8% |
| Land and buildings | 22 | €262,326 | €252,707 | -€9,620 | -3.7% |
| Plant, machinery and equipment | 23 | €343 | €0 | -€343 | -100% |
| Furniture and vehicles | 24 | €19,385 | €4,604 | -€14,782 | -76.3% |
| Financial fixed assets | 28 | €35,702 | €29,213 | -€6,489 | -18.2% |
| Current assets | 29/58 | €65,505 | €106,950 | +€41,445 | +63.3% |
| Amounts receivable within one year | 40/41 | €50,556 | €97,105 | +€46,548 | +92.1% |
| Trade receivables | 40 | €23,665 | €45,718 | +€22,053 | +93.2% |
| Other amounts receivable | 41 | €26,891 | €51,387 | +€24,495 | +91.1% |
| Cash at bank and in hand | 54/58 | €11,245 | €6,652 | -€4,593 | -40.8% |
| Deferred charges and accrued income | 490/1 | €3,703 | €3,193 | -€510 | -13.8% |
| Total equity and liabilities | 10/49 | €383,262 | €393,474 | +€10,212 | +2.7% |
| Equity | 10/15 | €176,463 | €212,109 | +€35,645 | +20.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €157,913 | €193,559 | +€35,645 | +22.6% |
| Tax-exempt reserves | 132 | €4,812 | €4,812 | = | 0.0% |
| Distributable reserves | 133 | €153,101 | €188,747 | +€35,645 | +23.3% |
| Amounts payable | 17/49 | €206,798 | €181,365 | -€25,433 | -12.3% |
| Amounts payable after more than one year | 17 | €124,293 | €116,268 | -€8,025 | -6.5% |
| Financial debts | 170/4 | €124,293 | €97,509 | -€26,784 | -21.5% |
| Other amounts payable | 178/9 | €0 | €18,758 | +€18,758 | |
| Amounts payable within one year | 42/48 | €82,505 | €65,097 | -€17,408 | -21.1% |
| Current portion of amounts payable after more than one year | 42 | €42,413 | €36,451 | -€5,962 | -14.1% |
| Financial debts | 43 | €7 | €88 | +€82 | +1,206% |
| Credit institutions | 430/8 | €7 | €88 | +€82 | +1,206% |
| Trade debts | 44 | €1,692 | €2,941 | +€1,249 | +73.9% |
| Suppliers | 440/4 | €1,692 | €2,941 | +€1,249 | +73.9% |
| Taxes, remuneration and social security | 45 | €13,521 | €9,990 | -€3,531 | -26.1% |
| Taxes | 450/3 | €11,346 | €9,990 | -€1,356 | -12.0% |
| Remuneration and social security | 454/9 | €2,175 | €0 | -€2,175 | -100% |
| Other amounts payable | 47/48 | €24,873 | €15,627 | -€9,246 | -37.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,682 | €24,745 | -€13,937 | -36.0% |
| Other operating charges | 640/8 | €1,925 | €3,446 | +€1,521 | +79.0% |
| Gross operating margin | 9900 | €1,912 | €66,592 | +€64,680 | +3,383% |
| Operating profit (loss) | 9901 | -€38,695 | €38,402 | +€77,097 | |
| Financial income | 75/76B | €2,990 | €1,936 | -€1,054 | -35.2% |
| Recurring financial income | 75 | €2,990 | €1,936 | -€1,054 | -35.2% |
| Financial charges | 65/66B | €3,248 | €2,766 | -€482 | -14.8% |
| Recurring financial charges | 65 | €3,248 | €2,766 | -€482 | -14.8% |
| Profit (loss) for the period before taxes | 9903 | -€38,953 | €37,572 | +€76,525 | |
| Income taxes | 67/77 | €353 | €1,927 | +€1,574 | +446% |
| Profit (loss) for the period | 9904 | -€39,306 | €35,645 | +€74,951 | |
| Profit (loss) for the period to be appropriated | 9905 | -€39,306 | €35,645 | +€74,951 |
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.