OSERIS: 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.
OSERIS
Largest movements
- Receivables within one year +€526,459
up €526,459 (+71.9%), from €732,320 to €1.3m
of which Other amounts receivable: +€459,878
- Cash -€254,909
down €254,909 (-46.8%), from €544,991 to €290,082
mainly Receivables within one year (-€526,459) and Contributions, distributions and other (-€200,001)
- Tangible fixed assets -€48,608
down €48,608 (-13.3%), from €366,217 to €317,609
of which Plant, machinery and equipment: -€40,073
- Reserves +€110,112
up €110,112 (+11.9%), from €923,703 to €1.0m
of which Distributable reserves: +€110,112
- Trade debts +€106,530
up €106,530 (+57.8%), from €184,392 to €290,922
- Debts after one year -€25,556
down €25,556 (-63.9%), from €39,991 to €14,435
- Tax, wage and social debts +€24,650
up €24,650 (+21.1%), from €116,760 to €141,410
of which Taxes: +€22,051
- Gross operating margin +€84,227
up €84,227 (+5.6%), from €1.5m to €1.6m
- Financial income +€36,234
up €36,234 (+891%), from €4,068 to €40,302
- Staff costs +€30,602
up €30,602 (+3.0%), from €1.0m to €1.0m
- Taxes +€19,713
up €19,713 (+22.6%), from €87,338 to €107,051
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.
Derived cash bridge
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 | €2,041,542 | €2,255,876 | +€214,334 | +10.5% |
| Formation expenses | 20 | €3,846 | €2,240 | -€1,606 | -41.7% |
| Fixed assets | 21/28 | €384,172 | €332,224 | -€51,948 | -13.5% |
| Intangible fixed assets | 21 | €17,005 | €13,665 | -€3,340 | -19.6% |
| Tangible fixed assets | 22/27 | €366,217 | €317,609 | -€48,608 | -13.3% |
| Land and buildings | 22 | €1,631 | €6,340 | +€4,709 | +289% |
| Plant, machinery and equipment | 23 | €311,897 | €271,824 | -€40,073 | -12.8% |
| Furniture and vehicles | 24 | €52,689 | €39,444 | -€13,245 | -25.1% |
| Financial fixed assets | 28 | €950 | €950 | = | 0.0% |
| Current assets | 29/58 | €1,653,524 | €1,921,411 | +€267,887 | +16.2% |
| Stocks and contracts in progress | 3 | €361,252 | €361,247 | -€5 | 0.0% |
| Stocks | 30/36 | €361,252 | €361,247 | -€5 | 0.0% |
| Amounts receivable within one year | 40/41 | €732,320 | €1,258,779 | +€526,459 | +71.9% |
| Trade receivables | 40 | €93,803 | €160,384 | +€66,581 | +71.0% |
| Other amounts receivable | 41 | €638,517 | €1,098,395 | +€459,878 | +72.0% |
| Cash at bank and in hand | 54/58 | €544,991 | €290,082 | -€254,909 | -46.8% |
| Deferred charges and accrued income | 490/1 | €14,961 | €11,304 | -€3,657 | -24.4% |
| Total equity and liabilities | 10/49 | €2,041,542 | €2,255,876 | +€214,334 | +10.5% |
| Equity | 10/15 | €1,469,290 | €1,579,402 | +€110,112 | +7.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €923,703 | €1,033,815 | +€110,112 | +11.9% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €913,703 | €1,023,815 | +€110,112 | +12.1% |
| Profit (loss) carried forward | 14 | €445,587 | €445,587 | -€0 | 0.0% |
| Amounts payable | 17/49 | €572,252 | €676,474 | +€104,222 | +18.2% |
| Amounts payable after more than one year | 17 | €39,991 | €14,435 | -€25,556 | -63.9% |
| Financial debts | 170/4 | €39,991 | €14,435 | -€25,556 | -63.9% |
| Amounts payable within one year | 42/48 | €527,465 | €658,267 | +€130,802 | +24.8% |
| Current portion of amounts payable after more than one year | 42 | €26,313 | €25,935 | -€378 | -1.4% |
| Trade debts | 44 | €184,392 | €290,922 | +€106,530 | +57.8% |
| Suppliers | 440/4 | €184,392 | €290,922 | +€106,530 | +57.8% |
| Taxes, remuneration and social security | 45 | €116,760 | €141,410 | +€24,650 | +21.1% |
| Taxes | 450/3 | €7,583 | €29,634 | +€22,051 | +291% |
| Remuneration and social security | 454/9 | €109,177 | €111,776 | +€2,599 | +2.4% |
| Other amounts payable | 47/48 | €200,000 | €200,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €4,796 | €3,771 | -€1,025 | -21.4% |
| Remuneration, social security and pensions | 62 | €1,009,076 | €1,039,678 | +€30,602 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €119,361 | €133,474 | +€14,113 | +11.8% |
| Other operating charges | 640/8 | €26,756 | €27,025 | +€269 | +1.0% |
| Gross operating margin | 9900 | €1,514,019 | €1,598,246 | +€84,227 | +5.6% |
| Operating profit (loss) | 9901 | €358,826 | €398,070 | +€39,244 | +10.9% |
| Financial income | 75/76B | €4,068 | €40,302 | +€36,234 | +891% |
| Recurring financial income | 75 | €4,068 | €40,302 | +€36,234 | +891% |
| Financial charges | 65/66B | €20,905 | €21,208 | +€303 | +1.4% |
| Recurring financial charges | 65 | €20,905 | €21,208 | +€303 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | €341,989 | €417,163 | +€75,174 | +22.0% |
| Income taxes | 67/77 | €87,338 | €107,051 | +€19,713 | +22.6% |
| Profit (loss) for the period | 9904 | €254,651 | €310,112 | +€55,461 | +21.8% |
| Profit (loss) for the period to be appropriated | 9905 | €254,651 | €310,112 | +€55,461 | +21.8% |
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 31 October 2026 via checked.be.