OSAQUA: 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.
OSAQUA
Largest movements
- Receivables within one year -€84,361
down €84,361 (-91.3%), from €92,431 to €8,071
of which Trade receivables: -€84,307
- Cash +€15,805
up €15,805 (+923.8%), from €1,711 to €17,516
mainly Receivables within one year (+€84,361) and Trade debts (+€21,743)
- Tangible fixed assets +€9,998
up €9,998 (+21.7%), from €46,006 to €56,004
of which Leasing and similar rights: +€11,495
- Deferred charges and accrued income +€2,366
up €2,366 (+5734.6%), from €41 to €2,407
- Profit (loss) carried forward -€91,555
down €91,555, from €9,072 to -€82,483
- Trade debts +€21,743
up €21,743 (+35.9%), from €60,550 to €82,294
- Current portion of long-term debt +€5,217
up €5,217 (+42.7%), from €12,219 to €17,437
- Debts after one year +€3,570
up €3,570 (+11.1%), from €32,198 to €35,768
- Short-term financial debts +€3,313
up €3,313 (+22.1%), from €14,975 to €18,287
- Gross operating margin -€104,507
down €104,507, from €77,545 to -€26,962
- Staff costs -€16,013
down €16,013 (-27.4%), from €58,376 to €42,362
- Depreciation +€4,279
up €4,279 (+36.2%), from €11,827 to €16,106
- Financial charges +€2,990
up €2,990 (+102.5%), from €2,918 to €5,908
- Taxes -€2,571
no longer reported in 2025 (was €2,571)
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 | €140,190 | €83,997 | -€56,192 | -40.1% |
| Fixed assets | 21/28 | €46,006 | €56,004 | +€9,998 | +21.7% |
| Tangible fixed assets | 22/27 | €46,006 | €56,004 | +€9,998 | +21.7% |
| Plant, machinery and equipment | 23 | €1,566 | €1,186 | -€380 | -24.3% |
| Furniture and vehicles | 24 | €1,117 | €0 | -€1,117 | -100.0% |
| Leasing and similar rights | 25 | €43,324 | €54,818 | +€11,495 | +26.5% |
| Current assets | 29/58 | €94,184 | €27,993 | -€66,190 | -70.3% |
| Amounts receivable within one year | 40/41 | €92,431 | €8,071 | -€84,361 | -91.3% |
| Trade receivables | 40 | €85,632 | €1,325 | -€84,307 | -98.5% |
| Other amounts receivable | 41 | €6,800 | €6,746 | -€54 | -0.8% |
| Cash at bank and in hand | 54/58 | €1,711 | €17,516 | +€15,805 | +923.8% |
| Deferred charges and accrued income | 490/1 | €41 | €2,407 | +€2,366 | +5734.6% |
| Total equity and liabilities | 10/49 | €140,190 | €83,997 | -€56,192 | -40.1% |
| Equity | 10/15 | €10,072 | -€81,483 | -€91,555 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,072 | -€82,483 | -€91,555 | |
| Amounts payable | 17/49 | €130,117 | €165,480 | +€35,363 | +27.2% |
| Amounts payable after more than one year | 17 | €32,198 | €35,768 | +€3,570 | +11.1% |
| Financial debts | 170/4 | €32,198 | €35,768 | +€3,570 | +11.1% |
| Amounts payable within one year | 42/48 | €97,920 | €129,712 | +€31,792 | +32.5% |
| Current portion of amounts payable after more than one year | 42 | €12,219 | €17,437 | +€5,217 | +42.7% |
| Financial debts | 43 | €14,975 | €18,287 | +€3,313 | +22.1% |
| Credit institutions | 430/8 | €14,975 | €18,287 | +€3,313 | +22.1% |
| Trade debts | 44 | €60,550 | €82,294 | +€21,743 | +35.9% |
| Suppliers | 440/4 | €60,550 | €82,294 | +€21,743 | +35.9% |
| Taxes, remuneration and social security | 45 | €9,635 | €11,154 | +€1,519 | +15.8% |
| Taxes | 450/3 | €2,700 | €2,734 | +€34 | +1.3% |
| Remuneration and social security | 454/9 | €6,936 | €8,420 | +€1,485 | +21.4% |
| Other amounts payable | 47/48 | €540 | €540 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €58,376 | €42,362 | -€16,013 | -27.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,827 | €16,106 | +€4,279 | +36.2% |
| Other operating charges | 640/8 | €1,761 | €721 | -€1,041 | -59.1% |
| Non-recurring operating charges | 66A | - | €157 | +€157 | |
| Gross operating margin | 9900 | €77,545 | -€26,962 | -€104,507 | |
| Operating profit (loss) | 9901 | €5,581 | -€86,308 | -€91,889 | |
| Financial income | 75/76B | €26 | €661 | +€635 | +2401.7% |
| Recurring financial income | 75 | €26 | €661 | +€635 | +2401.7% |
| Financial charges | 65/66B | €2,918 | €5,908 | +€2,990 | +102.5% |
| Recurring financial charges | 65 | €2,918 | €5,908 | +€2,990 | +102.5% |
| Profit (loss) for the period before taxes | 9903 | €2,690 | -€91,555 | -€94,244 | |
| Income taxes | 67/77 | €2,571 | - | -€2,571 | |
| Profit (loss) for the period | 9904 | €118 | -€91,555 | -€91,673 | |
| Profit (loss) for the period to be appropriated | 9905 | €118 | -€91,555 | -€91,673 |
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 7 October 2026 via checked.be.