Oset: 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.
Oset
Largest movements
- Cash -€30,499
down €30,499 (-27.5%), from €110,943 to €80,443
mainly Short-term financial debts (-€110,000) and Debts after one year (-€18,042)
- Stocks and contracts -€20,526
down €20,526 (-16.2%), from €126,966 to €106,440
- Tangible fixed assets -€10,450
down €10,450 (-1.5%), from €683,692 to €673,242
of which Land and buildings: -€15,247
- Short-term financial debts -€110,000
no longer reported in 2025 (was €110,000)
- Reserves +€39,951
up €39,951 (+41.9%), from €95,421 to €135,372
of which Tax-exempt reserves: +€30,500
- Debts after one year -€18,042
down €18,042 (-46.7%), from €38,604 to €20,561
- Trade debts +€14,280
up €14,280 (+14.1%), from €101,406 to €115,686
- Tax, wage and social debts +€11,087
up €11,087 (+23.1%), from €47,920 to €59,007
of which Taxes: +€11,886
- Staff costs +€41,834
up €41,834 (+16.6%), from €252,181 to €294,015
- Gross operating margin +€23,103
up €23,103 (+6.0%), from €388,068 to €411,170
- Taxes +€13,501
up €13,501 (+243.1%), from €5,554 to €19,055
- Financial charges -€9,803
down €9,803 (-47.5%), from €20,621 to €10,819
- Depreciation +€7,690
up €7,690 (+47.3%), from €16,260 to €23,950
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
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 | €957,746 | €905,130 | -€52,616 | -5.5% |
| Fixed assets | 21/28 | €683,692 | €673,742 | -€9,950 | -1.5% |
| Tangible fixed assets | 22/27 | €683,692 | €673,242 | -€10,450 | -1.5% |
| Land and buildings | 22 | €665,425 | €650,179 | -€15,247 | -2.3% |
| Plant, machinery and equipment | 23 | €14,488 | €11,534 | -€2,954 | -20.4% |
| Furniture and vehicles | 24 | €3,778 | €11,529 | +€7,751 | +205.2% |
| Financial fixed assets | 28 | - | €500 | +€500 | |
| Current assets | 29/58 | €274,055 | €231,389 | -€42,666 | -15.6% |
| Stocks and contracts in progress | 3 | €126,966 | €106,440 | -€20,526 | -16.2% |
| Stocks | 30/36 | €126,966 | €106,440 | -€20,526 | -16.2% |
| Amounts receivable within one year | 40/41 | €33,645 | €42,005 | +€8,360 | +24.8% |
| Trade receivables | 40 | €28,580 | €36,940 | +€8,360 | +29.2% |
| Other amounts receivable | 41 | €5,065 | €5,065 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €110,943 | €80,443 | -€30,499 | -27.5% |
| Deferred charges and accrued income | 490/1 | €2,500 | €2,500 | = | 0.0% |
| Total equity and liabilities | 10/49 | €957,746 | €905,130 | -€52,616 | -5.5% |
| Equity | 10/15 | €619,128 | €663,972 | +€44,845 | +7.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €510,000 | €510,000 | = | 0.0% |
| Reserves | 13 | €95,421 | €135,372 | +€39,951 | +41.9% |
| Tax-exempt reserves | 132 | €8,180 | €38,680 | +€30,500 | +372.8% |
| Distributable reserves | 133 | €87,241 | €96,692 | +€9,451 | +10.8% |
| Profit (loss) carried forward | 14 | -€4,894 | - | +€4,894 | |
| Amounts payable | 17/49 | €338,619 | €241,158 | -€97,461 | -28.8% |
| Amounts payable after more than one year | 17 | €38,604 | €20,561 | -€18,042 | -46.7% |
| Financial debts | 170/4 | €38,604 | €20,561 | -€18,042 | -46.7% |
| Amounts payable within one year | 42/48 | €297,998 | €220,596 | -€77,402 | -26.0% |
| Current portion of amounts payable after more than one year | 42 | €27,790 | €35,022 | +€7,232 | +26.0% |
| Financial debts | 43 | €110,000 | - | -€110,000 | |
| Credit institutions | 430/8 | €110,000 | - | -€110,000 | |
| Trade debts | 44 | €101,406 | €115,686 | +€14,280 | +14.1% |
| Suppliers | 440/4 | €101,406 | €115,686 | +€14,280 | +14.1% |
| Taxes, remuneration and social security | 45 | €47,920 | €59,007 | +€11,087 | +23.1% |
| Taxes | 450/3 | €14,858 | €26,744 | +€11,886 | +80.0% |
| Remuneration and social security | 454/9 | €33,062 | €32,263 | -€799 | -2.4% |
| Other amounts payable | 47/48 | €10,882 | €10,882 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,017 | - | -€2,017 | |
| Non-recurring operating income | 76A | - | €5,372 | +€5,372 | |
| Remuneration, social security and pensions | 62 | €252,181 | €294,015 | +€41,834 | +16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,260 | €23,950 | +€7,690 | +47.3% |
| Other operating charges | 640/8 | €14,336 | €18,598 | +€4,263 | +29.7% |
| Gross operating margin | 9900 | €388,068 | €411,170 | +€23,103 | +6.0% |
| Operating profit (loss) | 9901 | €105,291 | €74,607 | -€30,684 | -29.1% |
| Financial income | 75/76B | €174 | €112 | -€62 | -35.6% |
| Recurring financial income | 75 | €174 | €112 | -€62 | -35.6% |
| Financial charges | 65/66B | €20,621 | €10,819 | -€9,803 | -47.5% |
| Recurring financial charges | 65 | €20,621 | €10,819 | -€9,803 | -47.5% |
| Profit (loss) for the period before taxes | 9903 | €84,844 | €63,900 | -€20,943 | -24.7% |
| Income taxes | 67/77 | €5,554 | €19,055 | +€13,501 | +243.1% |
| Profit (loss) for the period | 9904 | €79,290 | €44,845 | -€34,445 | -43.4% |
| Profit (loss) for the period to be appropriated | 9905 | €79,290 | €44,845 | -€34,445 | -43.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.