OSELETA: 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.
OSELETA
Largest movements
- Cash +€68,158
up €68,158 (+202.7%), from €33,632 to €101,790
mainly Tax, wage and social debts (+€107,242) and Trade debts (+€50,169)
- Receivables within one year +€45,264
up €45,264 (+21.8%), from €207,837 to €253,101
of which Trade receivables: +€54,897
- Tangible fixed assets -€23,255
down €23,255 (-17.9%), from €129,984 to €106,729
of which Other tangible fixed assets: -€12,885
- Stocks and contracts -€10,937
down €10,937 (-6.2%), from €176,238 to €165,301
- Tax, wage and social debts +€107,242
up €107,242 (+76.8%), from €139,602 to €246,844
of which Taxes: +€94,431
- Profit (loss) carried forward -€59,105
down €59,105 (-29.3%), from -€201,414 to -€260,519
- Trade debts +€50,169
up €50,169 (+12.9%), from €388,545 to €438,714
- Debts after one year -€31,140
down €31,140 (-20.1%), from €154,548 to €123,408
- Other debts +€18,185
up €18,185 (+94.8%), from €19,179 to €37,364
- Gross operating margin +€146,950
up €146,950, from -€36,436 to €110,514
- Staff costs -€45,401
down €45,401 (-31.8%), from €142,721 to €97,320
- Financial charges +€11,651
up €11,651 (+90.6%), from €12,866 to €24,517
- Other operating charges +€6,398
up €6,398 (+51.7%), from €12,366 to €18,763
- Depreciation +€1,931
up €1,931 (+7.2%), from €26,727 to €28,658
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.
Cash bridge derived
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 | €562,697 | €636,089 | +€73,391 | +13.0% |
| Fixed assets | 21/28 | €130,484 | €107,229 | -€23,255 | -17.8% |
| Tangible fixed assets | 22/27 | €129,984 | €106,729 | -€23,255 | -17.9% |
| Furniture and vehicles | 24 | €35,428 | €25,058 | -€10,370 | -29.3% |
| Other tangible fixed assets | 26 | €94,556 | €81,671 | -€12,885 | -13.6% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €432,214 | €528,860 | +€96,646 | +22.4% |
| Stocks and contracts in progress | 3 | €176,238 | €165,301 | -€10,937 | -6.2% |
| Stocks | 30/36 | €176,238 | €165,301 | -€10,937 | -6.2% |
| Amounts receivable within one year | 40/41 | €207,837 | €253,101 | +€45,264 | +21.8% |
| Trade receivables | 40 | €198,179 | €253,076 | +€54,897 | +27.7% |
| Other amounts receivable | 41 | €9,658 | €25 | -€9,633 | -99.7% |
| Cash at bank and in hand | 54/58 | €33,632 | €101,790 | +€68,158 | +202.7% |
| Deferred charges and accrued income | 490/1 | €14,507 | €8,668 | -€5,839 | -40.3% |
| Total equity and liabilities | 10/49 | €562,697 | €636,089 | +€73,391 | +13.0% |
| Equity | 10/15 | -€182,276 | -€241,381 | -€59,105 | -32.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €538 | €538 | = | 0.0% |
| Non-distributable reserves | 130/1 | €538 | €538 | = | 0.0% |
| Reserves not available under the articles | 1311 | €538 | €538 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€201,414 | -€260,519 | -€59,105 | -29.3% |
| Amounts payable | 17/49 | €744,973 | €877,470 | +€132,497 | +17.8% |
| Amounts payable after more than one year | 17 | €154,548 | €123,408 | -€31,140 | -20.1% |
| Financial debts | 170/4 | €154,548 | €123,408 | -€31,140 | -20.1% |
| Amounts payable within one year | 42/48 | €586,048 | €754,062 | +€168,014 | +28.7% |
| Current portion of amounts payable after more than one year | 42 | €38,722 | €31,140 | -€7,581 | -19.6% |
| Trade debts | 44 | €388,545 | €438,714 | +€50,169 | +12.9% |
| Suppliers | 440/4 | €388,545 | €438,714 | +€50,169 | +12.9% |
| Taxes, remuneration and social security | 45 | €139,602 | €246,844 | +€107,242 | +76.8% |
| Taxes | 450/3 | €112,316 | €206,747 | +€94,431 | +84.1% |
| Remuneration and social security | 454/9 | €27,286 | €40,097 | +€12,811 | +46.9% |
| Other amounts payable | 47/48 | €19,179 | €37,364 | +€18,185 | +94.8% |
| Accrued charges and deferred income | 492/3 | €4,377 | €0 | -€4,377 | -100.0% |
| Remuneration, social security and pensions | 62 | €142,721 | €97,320 | -€45,401 | -31.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,727 | €28,658 | +€1,931 | +7.2% |
| Other operating charges | 640/8 | €12,366 | €18,763 | +€6,398 | +51.7% |
| Non-recurring operating charges | 66A | €17,758 | €0 | -€17,758 | -100.0% |
| Gross operating margin | 9900 | -€36,436 | €110,514 | +€146,950 | |
| Operating profit (loss) | 9901 | -€236,007 | -€34,227 | +€201,780 | +85.5% |
| Financial income | 75/76B | €8 | €5 | -€3 | -38.6% |
| Recurring financial income | 75 | €8 | €5 | -€3 | -38.6% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €12,866 | €24,517 | +€11,651 | +90.6% |
| Recurring financial charges | 65 | €12,866 | €24,517 | +€11,651 | +90.6% |
| Profit (loss) for the period before taxes | 9903 | -€248,865 | -€58,739 | +€190,126 | +76.4% |
| Income taxes | 67/77 | €359 | €366 | +€7 | +2.1% |
| Profit (loss) for the period | 9904 | -€249,224 | -€59,105 | +€190,118 | +76.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€249,224 | -€59,105 | +€190,118 | +76.3% |
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 12 October 2026 via checked.be.