OSG: 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.
OSG
Largest movements
- Cash -€8,193
down €8,193 (-91.5%), from €8,951 to €758
mainly Contributions, distributions and other (-€50,000) and Current portion of long-term debt (-€5,916)
- Receivables within one year +€3,718
up €3,718 (+10.2%), from €36,503 to €40,221
of which Trade receivables: +€21,786
- Tangible fixed assets -€2,918
down €2,918 (-70.2%), from €4,157 to €1,239
- Deferred charges and accrued income +€1,213
up €1,213 (+229.4%), from €529 to €1,742
- Profit (loss) carried forward -€25,571
down €25,571 (-87.1%), from €29,343 to €3,772
- Tax, wage and social debts +€15,959
up €15,959 (+186.9%), from €8,541 to €24,500
- Trade debts +€8,469
up €8,469 (+1643.4%), from €515 to €8,984
- Current portion of long-term debt -€5,916
down €5,916 (-74.8%), from €7,913 to €1,996
- Accrued charges and deferred income +€2,268
new in 2025: €2,268
- Gross operating margin +€20,205
up €20,205 (+120.8%), from €16,727 to €36,932
- Depreciation -€8,089
down €8,089 (-73.5%), from €11,007 to €2,918
- Taxes +€7,530
up €7,530 (+243.6%), from €3,091 to €10,620
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 | €50,140 | €43,960 | -€6,180 | -12.3% |
| Fixed assets | 21/28 | €4,157 | €1,239 | -€2,918 | -70.2% |
| Tangible fixed assets | 22/27 | €4,157 | €1,239 | -€2,918 | -70.2% |
| Furniture and vehicles | 24 | €4,157 | €1,239 | -€2,918 | -70.2% |
| Current assets | 29/58 | €45,983 | €42,722 | -€3,262 | -7.1% |
| Amounts receivable within one year | 40/41 | €36,503 | €40,221 | +€3,718 | +10.2% |
| Trade receivables | 40 | €2,868 | €24,654 | +€21,786 | +759.7% |
| Other amounts receivable | 41 | €33,636 | €15,568 | -€18,068 | -53.7% |
| Cash at bank and in hand | 54/58 | €8,951 | €758 | -€8,193 | -91.5% |
| Deferred charges and accrued income | 490/1 | €529 | €1,742 | +€1,213 | +229.4% |
| Total equity and liabilities | 10/49 | €50,140 | €43,960 | -€6,180 | -12.3% |
| Equity | 10/15 | €31,143 | €5,572 | -€25,571 | -82.1% |
| Contributions | 10/11 | €1,800 | €1,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €29,343 | €3,772 | -€25,571 | -87.1% |
| Amounts payable | 17/49 | €18,997 | €38,388 | +€19,391 | +102.1% |
| Amounts payable after more than one year | 17 | €1,996 | €0 | -€1,996 | -100.0% |
| Financial debts | 170/4 | €1,996 | €0 | -€1,996 | -100.0% |
| Amounts payable within one year | 42/48 | €17,001 | €36,120 | +€19,119 | +112.5% |
| Current portion of amounts payable after more than one year | 42 | €7,913 | €1,996 | -€5,916 | -74.8% |
| Financial debts | 43 | €33 | €640 | +€607 | +1864.0% |
| Other loans | 439 | €33 | €640 | +€607 | +1864.0% |
| Trade debts | 44 | €515 | €8,984 | +€8,469 | +1643.4% |
| Suppliers | 440/4 | €515 | €8,984 | +€8,469 | +1643.4% |
| Taxes, remuneration and social security | 45 | €8,541 | €24,500 | +€15,959 | +186.9% |
| Taxes | 450/3 | €8,541 | €24,500 | +€15,959 | +186.9% |
| Accrued charges and deferred income | 492/3 | - | €2,268 | +€2,268 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,007 | €2,918 | -€8,089 | -73.5% |
| Other operating charges | 640/8 | €740 | €695 | -€45 | -6.1% |
| Gross operating margin | 9900 | €16,727 | €36,932 | +€20,205 | +120.8% |
| Operating profit (loss) | 9901 | €4,980 | €33,319 | +€28,339 | +569.1% |
| Financial income | 75/76B | €1,959 | €1,987 | +€28 | +1.4% |
| Recurring financial income | 75 | €1,959 | €1,987 | +€28 | +1.4% |
| Financial charges | 65/66B | €343 | €256 | -€87 | -25.4% |
| Recurring financial charges | 65 | €343 | €256 | -€87 | -25.4% |
| Profit (loss) for the period before taxes | 9903 | €6,596 | €35,050 | +€28,454 | +431.4% |
| Income taxes | 67/77 | €3,091 | €10,620 | +€7,530 | +243.6% |
| Profit (loss) for the period | 9904 | €3,505 | €24,429 | +€20,924 | +597.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,505 | €24,429 | +€20,924 | +597.0% |
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 2 October 2026 via checked.be.