OSD REBUILD: 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.
OSD REBUILD
Largest movements
- Tangible fixed assets +€239,493
up €239,493 (+2,293%), from €10,444 to €249,937
of which Land and buildings: +€208,614
- Receivables within one year +€114,568
up €114,568 (+185%), from €61,808 to €176,377
of which Other amounts receivable: +€117,213
- Cash +€26,480
up €26,480 (+45.9%), from €57,689 to €84,169
mainly Debts after one year (+€162,114) and Net result for the year (+€101,456)
- Debts after one year +€162,114
new in 2024: €162,114
- Other debts +€100,000
new in 2024: €100,000
- Trade debts +€75,154
up €75,154 (+233%), from €32,292 to €107,446
- Tax, wage and social debts +€33,522
up €33,522 (+161%), from €20,855 to €54,377
of which Taxes: +€36,022
- Short-term financial debts +€5,477
new in 2024: €5,477
- Gross operating margin +€91,945
up €91,945 (+111%), from €83,158 to €175,103
- Taxes +€21,896
up €21,896 (+205%), from €10,675 to €32,571
- Staff costs +€13,251
up €13,251 (+427%), from €3,100 to €16,351
- Other operating charges -€5,978
down €5,978 (-37.6%), from €15,912 to €9,934
- Financial income +€3,467
up €3,467 (+217%), from €1,601 to €5,068
From the 2023 result to the 2024 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.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €130,891 | €511,403 | +€380,512 | +291% |
| Fixed assets | 21/28 | €10,444 | €249,937 | +€239,493 | +2,293% |
| Tangible fixed assets | 22/27 | €10,444 | €249,937 | +€239,493 | +2,293% |
| Land and buildings | 22 | - | €208,614 | +€208,614 | |
| Plant, machinery and equipment | 23 | €10,333 | €18,551 | +€8,218 | +79.5% |
| Furniture and vehicles | 24 | €111 | €22,772 | +€22,661 | +20,408% |
| Current assets | 29/58 | €120,447 | €261,465 | +€141,019 | +117% |
| Amounts receivable within one year | 40/41 | €61,808 | €176,377 | +€114,568 | +185% |
| Trade receivables | 40 | €12,000 | €9,355 | -€2,645 | -22.0% |
| Other amounts receivable | 41 | €49,808 | €167,022 | +€117,213 | +235% |
| Cash at bank and in hand | 54/58 | €57,689 | €84,169 | +€26,480 | +45.9% |
| Deferred charges and accrued income | 490/1 | €949 | €919 | -€30 | -3.1% |
| Total equity and liabilities | 10/49 | €130,891 | €511,403 | +€380,512 | +291% |
| Equity | 10/15 | €74,549 | €76,005 | +€1,456 | +2.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €73,000 | €73,000 | = | 0.0% |
| Distributable reserves | 133 | €73,000 | €73,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €549 | €2,005 | +€1,456 | +265% |
| Amounts payable | 17/49 | €56,342 | €435,398 | +€379,056 | +673% |
| Amounts payable after more than one year | 17 | - | €162,114 | +€162,114 | |
| Financial debts | 170/4 | - | €162,114 | +€162,114 | |
| Amounts payable within one year | 42/48 | €53,148 | €267,300 | +€214,152 | +403% |
| Financial debts | 43 | - | €5,477 | +€5,477 | |
| Credit institutions | 430/8 | - | €5,477 | +€5,477 | |
| Trade debts | 44 | €32,292 | €107,446 | +€75,154 | +233% |
| Suppliers | 440/4 | €32,292 | €107,446 | +€75,154 | +233% |
| Taxes, remuneration and social security | 45 | €20,855 | €54,377 | +€33,522 | +161% |
| Taxes | 450/3 | €18,355 | €54,377 | +€36,022 | +196% |
| Remuneration and social security | 454/9 | €2,500 | - | -€2,500 | |
| Other amounts payable | 47/48 | - | €100,000 | +€100,000 | |
| Accrued charges and deferred income | 492/3 | €3,194 | €5,984 | +€2,790 | +87.4% |
| Non-recurring operating income | 76A | €900 | - | -€900 | |
| Remuneration, social security and pensions | 62 | €3,100 | €16,351 | +€13,251 | +427% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,149 | €16,098 | +€1,949 | +13.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,500 | - | +€2,500 | |
| Other operating charges | 640/8 | €15,912 | €9,934 | -€5,978 | -37.6% |
| Gross operating margin | 9900 | €83,158 | €175,103 | +€91,945 | +111% |
| Operating profit (loss) | 9901 | €52,496 | €132,720 | +€80,223 | +153% |
| Financial income | 75/76B | €1,601 | €5,068 | +€3,467 | +217% |
| Recurring financial income | 75 | €1,601 | €5,068 | +€3,467 | +217% |
| Financial charges | 65/66B | €3,348 | €3,761 | +€414 | +12.4% |
| Recurring financial charges | 65 | €3,348 | €3,761 | +€414 | +12.4% |
| Profit (loss) for the period before taxes | 9903 | €50,750 | €134,027 | +€83,277 | +164% |
| Income taxes | 67/77 | €10,675 | €32,571 | +€21,896 | +205% |
| Profit (loss) for the period | 9904 | €40,075 | €101,456 | +€61,381 | +153% |
| Profit (loss) for the period to be appropriated | 9905 | €40,075 | €101,456 | +€61,381 | +153% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.