OSBORNE: 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.
What changed
OSBORNE
NACE 82.100, Office administrative and support services
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€10,201
2024 · -€28,614+€38,815
Equity
-€24,859
2024 · -€35,060+€10,201
Cash
€8,923
2024 · €8,005+€918
Balance sheet total
€424,518
2024 · €442,716-€18,198
Largest movements
Assets
- Tangible fixed assets -€19,763
down €19,763 (-5.1%), from €391,265 to €371,502
of which Land and buildings: -€11,189
Equity and liabilities
- Debts after one year -€30,434
down €30,434 (-17.4%), from €174,525 to €144,091
of which Financial debts: -€30,434
- Profit (loss) carried forward +€10,201
up €10,201 (+14.1%), from -€72,267 to -€62,067
Income statement
- Gross operating margin +€35,564
up €35,564 (+75.4%), from €47,198 to €82,762
- Depreciation -€2,907
down €2,907 (-8.1%), from €35,947 to €33,040
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.
Result 2024
-€28,614
Gross operating margin
+€35,564
Staff costs
-€584
Depreciation
+€2,907
Other operating charges
+€150
Financial income
+€85
Financial charges
+€693
Result 2025
€10,201
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.
From operations
+€44,144
Investment
-€13,277
Financing
-€29,949
Cash 2024
€8,005
From operations (derived)
+€44,144
Net result for the year
+€10,201
Depreciation
+€33,040
Receivables within one year
-€878
Deferred charges and accrued income
+€231
Trade debts
-€430
Tax, wage and social debts
+€3,317
Other debts
-€1,372
Accrued charges and deferred income
+€35
Investment (derived)
-€13,277
Investment in fixed assets (net)
-€13,277
Financing
-€29,949
Debts after one year
-€30,434
Current portion of long-term debt
+€479
Short-term financial debts
+€6
Cash 2025
€8,923
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €442,716 | €424,518 | -€18,198 | -4.1% |
| Fixed assets | 21/28 | €391,628 | €371,865 | -€19,763 | -5.0% |
| Tangible fixed assets | 22/27 | €391,265 | €371,502 | -€19,763 | -5.1% |
| Land and buildings | 22 | €367,052 | €355,863 | -€11,189 | -3.0% |
| Plant, machinery and equipment | 23 | €9,217 | €4,643 | -€4,574 | -49.6% |
| Furniture and vehicles | 24 | €14,995 | €10,995 | -€4,000 | -26.7% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €51,088 | €52,653 | +€1,565 | +3.1% |
| Stocks and contracts in progress | 3 | €3,908 | €3,908 | = | 0.0% |
| Stocks | 30/36 | €3,908 | €3,908 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €34,664 | €35,542 | +€878 | +2.5% |
| Trade receivables | 40 | €32,848 | €35,477 | +€2,629 | +8.0% |
| Other amounts receivable | 41 | €1,816 | €65 | -€1,751 | -96.4% |
| Cash at bank and in hand | 54/58 | €8,005 | €8,923 | +€918 | +11.5% |
| Deferred charges and accrued income | 490/1 | €4,511 | €4,280 | -€231 | -5.1% |
| Total equity and liabilities | 10/49 | €442,716 | €424,518 | -€18,198 | -4.1% |
| Equity | 10/15 | -€35,060 | -€24,859 | +€10,201 | +29.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €18,615 | €18,615 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,316 | €10,316 | = | 0.0% |
| Distributable reserves | 133 | €8,300 | €8,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€72,267 | -€62,067 | +€10,201 | +14.1% |
| Amounts payable | 17/49 | €477,776 | €449,377 | -€28,399 | -5.9% |
| Amounts payable after more than one year | 17 | €174,525 | €144,091 | -€30,434 | -17.4% |
| Financial debts | 170/4 | €173,525 | €143,091 | -€30,434 | -17.5% |
| Other amounts payable | 178/9 | €1,000 | €1,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €301,561 | €303,562 | +€2,000 | +0.7% |
| Current portion of amounts payable after more than one year | 42 | €29,955 | €30,434 | +€479 | +1.6% |
| Financial debts | 43 | - | €6 | +€6 | |
| Credit institutions | 430/8 | - | €6 | +€6 | |
| Trade debts | 44 | €2,003 | €1,573 | -€430 | -21.5% |
| Suppliers | 440/4 | €2,003 | €1,573 | -€430 | -21.5% |
| Taxes, remuneration and social security | 45 | €6,192 | €9,510 | +€3,317 | +53.6% |
| Taxes | 450/3 | €1,243 | €1,951 | +€708 | +57.0% |
| Remuneration and social security | 454/9 | €4,949 | €7,558 | +€2,609 | +52.7% |
| Other amounts payable | 47/48 | €263,411 | €262,039 | -€1,372 | -0.5% |
| Accrued charges and deferred income | 492/3 | €1,690 | €1,725 | +€35 | +2.1% |
| Non-recurring operating income | 76A | €10,158 | €2,066 | -€8,092 | -79.7% |
| Remuneration, social security and pensions | 62 | €28,709 | €29,292 | +€584 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,947 | €33,040 | -€2,907 | -8.1% |
| Other operating charges | 640/8 | €7,363 | €7,213 | -€150 | -2.0% |
| Gross operating margin | 9900 | €47,198 | €82,762 | +€35,564 | +75.4% |
| Operating profit (loss) | 9901 | -€24,820 | €13,217 | +€38,037 | |
| Financial income | 75/76B | €0 | €85 | +€85 | +169300.0% |
| Recurring financial income | 75 | €0 | €85 | +€85 | +169300.0% |
| Financial charges | 65/66B | €3,794 | €3,101 | -€693 | -18.3% |
| Recurring financial charges | 65 | €3,794 | €3,101 | -€693 | -18.3% |
| Profit (loss) for the period before taxes | 9903 | -€28,614 | €10,201 | +€38,815 | |
| Profit (loss) for the period | 9904 | -€28,614 | €10,201 | +€38,815 | |
| Profit (loss) for the period to be appropriated | 9905 | -€28,614 | €10,201 | +€38,815 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.