OSCAR: what changed
Two financial 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.
OSCAR
Largest movements
- Receivables within one year +€70,720
up €70,720 (+18.5%), from €382,609 to €453,329
of which Trade receivables: +€95,283
- Financial fixed assets -€28,000
down €28,000 (-15.1%), from €185,435 to €157,435
- Tangible fixed assets -€21,470
down €21,470 (-4.5%), from €482,200 to €460,730
of which Land and buildings: -€16,492
- Debts after one year -€48,744
down €48,744 (-13.5%), from €360,701 to €311,956
- Short-term financial debts +€39,837
up €39,837 (+611.9%), from €6,510 to €46,346
- Profit (loss) carried forward +€11,309
up €11,309 (+6.3%), from €179,621 to €190,930
- Gross operating margin -€126,628
down €126,628 (-42.5%), from €298,173 to €171,545
- Write-downs -€64,191
down €64,191 (-100.0%), from €64,191 to €0
- Financial charges -€21,970
down €21,970 (-37.3%), from €58,853 to €36,883
- Other operating charges -€9,013
down €9,013 (-68.5%), from €13,164 to €4,151
- Depreciation -€7,931
down €7,931 (-13.4%), from €59,401 to €51,470
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,095,488 | €1,110,091 | +€14,603 | +1.3% |
| Fixed assets | 21/28 | €667,635 | €618,166 | -€49,470 | -7.4% |
| Tangible fixed assets | 22/27 | €482,200 | €460,730 | -€21,470 | -4.5% |
| Land and buildings | 22 | €473,520 | €457,028 | -€16,492 | -3.5% |
| Plant, machinery and equipment | 23 | €5,418 | €2,840 | -€2,578 | -47.6% |
| Furniture and vehicles | 24 | €3,263 | €863 | -€2,400 | -73.6% |
| Financial fixed assets | 28 | €185,435 | €157,435 | -€28,000 | -15.1% |
| Current assets | 29/58 | €427,852 | €491,925 | +€64,073 | +15.0% |
| Stocks and contracts in progress | 3 | €33,000 | €32,500 | -€500 | -1.5% |
| Stocks | 30/36 | €33,000 | €32,500 | -€500 | -1.5% |
| Amounts receivable within one year | 40/41 | €382,609 | €453,329 | +€70,720 | +18.5% |
| Trade receivables | 40 | €316,750 | €412,033 | +€95,283 | +30.1% |
| Other amounts receivable | 41 | €65,859 | €41,296 | -€24,563 | -37.3% |
| Deferred charges and accrued income | 490/1 | €12,244 | €6,096 | -€6,147 | -50.2% |
| Total equity and liabilities | 10/49 | €1,095,488 | €1,110,091 | +€14,603 | +1.3% |
| Equity | 10/15 | €415,728 | €427,037 | +€11,309 | +2.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €229,907 | €229,907 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €228,047 | €228,047 | = | 0.0% |
| Profit (loss) carried forward | 14 | €179,621 | €190,930 | +€11,309 | +6.3% |
| Amounts payable | 17/49 | €679,760 | €683,054 | +€3,295 | +0.5% |
| Amounts payable after more than one year | 17 | €360,701 | €311,956 | -€48,744 | -13.5% |
| Financial debts | 170/4 | €360,701 | €311,956 | -€48,744 | -13.5% |
| Amounts payable within one year | 42/48 | €319,059 | €371,098 | +€52,039 | +16.3% |
| Current portion of amounts payable after more than one year | 42 | €52,120 | €52,693 | +€573 | +1.1% |
| Financial debts | 43 | €6,510 | €46,346 | +€39,837 | +611.9% |
| Credit institutions | 430/8 | €6,510 | €46,346 | +€39,837 | +611.9% |
| Trade debts | 44 | €212,324 | €221,649 | +€9,325 | +4.4% |
| Suppliers | 440/4 | €212,324 | €221,649 | +€9,325 | +4.4% |
| Taxes, remuneration and social security | 45 | €15,134 | €21,519 | +€6,384 | +42.2% |
| Taxes | 450/3 | €0 | €14,547 | +€14,547 | |
| Remuneration and social security | 454/9 | €15,134 | €6,972 | -€8,163 | -53.9% |
| Other amounts payable | 47/48 | €32,971 | €28,891 | -€4,080 | -12.4% |
| Non-recurring operating income | 76A | €615 | €0 | -€615 | -100.0% |
| Remuneration, social security and pensions | 62 | €53,606 | €54,288 | +€682 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,401 | €51,470 | -€7,931 | -13.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €64,191 | €0 | -€64,191 | -100.0% |
| Other operating charges | 640/8 | €13,164 | €4,151 | -€9,013 | -68.5% |
| Non-recurring operating charges | 66A | - | €4,110 | +€4,110 | |
| Gross operating margin | 9900 | €298,173 | €171,545 | -€126,628 | -42.5% |
| Operating profit (loss) | 9901 | €107,812 | €57,527 | -€50,285 | -46.6% |
| Financial income | 75/76B | €924 | €1,120 | +€196 | +21.2% |
| Recurring financial income | 75 | €924 | €1,120 | +€196 | +21.2% |
| Financial charges | 65/66B | €58,853 | €36,883 | -€21,970 | -37.3% |
| Recurring financial charges | 65 | €58,853 | €36,883 | -€21,970 | -37.3% |
| Profit (loss) for the period before taxes | 9903 | €49,883 | €21,763 | -€28,120 | -56.4% |
| Income taxes | 67/77 | €17,666 | €10,455 | -€7,211 | -40.8% |
| Profit (loss) for the period | 9904 | €32,217 | €11,309 | -€20,909 | -64.9% |
| Profit (loss) for the period to be appropriated | 9905 | €32,217 | €11,309 | -€20,909 | -64.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.