OSIRIS: 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.
OSIRIS
Largest movements
- Tangible fixed assets +€171,370
up €171,370 (+103.3%), from €165,893 to €337,263
of which Plant, machinery and equipment: +€160,885
- Cash -€41,620
down €41,620 (-87.5%), from €47,566 to €5,945
mainly Investment in fixed assets (net) (-€211,692) and Other debts (-€9,445)
- Debts after one year +€51,221
up €51,221 (+99.0%), from €51,717 to €102,938
- Trade debts +€42,904
up €42,904 (+259.7%), from €16,524 to €59,428
- Current portion of long-term debt +€28,561
up €28,561 (+189.1%), from €15,103 to €43,664
- Tax, wage and social debts +€11,158
up €11,158 (+125.1%), from €8,922 to €20,080
of which Taxes: +€10,556
- Other debts -€9,445
down €9,445 (-13.3%), from €71,276 to €61,832
- Gross operating margin -€21,272
down €21,272 (-17.5%), from €121,261 to €99,990
- Depreciation +€18,719
up €18,719 (+86.6%), from €21,604 to €40,322
- Staff costs +€12,235
up €12,235 (+38.3%), from €31,915 to €44,150
- Financial charges +€3,422
up €3,422 (+93.5%), from €3,661 to €7,083
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 | €217,378 | €349,227 | +€131,849 | +60.7% |
| Fixed assets | 21/28 | €165,893 | €337,263 | +€171,370 | +103.3% |
| Tangible fixed assets | 22/27 | €165,893 | €337,263 | +€171,370 | +103.3% |
| Land and buildings | 22 | €27,389 | €37,569 | +€10,180 | +37.2% |
| Plant, machinery and equipment | 23 | €138,028 | €298,913 | +€160,885 | +116.6% |
| Furniture and vehicles | 24 | €477 | €782 | +€305 | +64.0% |
| Current assets | 29/58 | €51,485 | €11,964 | -€39,521 | -76.8% |
| Stocks and contracts in progress | 3 | €3,887 | €3,486 | -€401 | -10.3% |
| Stocks | 30/36 | €3,887 | €3,486 | -€401 | -10.3% |
| Amounts receivable within one year | 40/41 | - | €2,500 | +€2,500 | |
| Other amounts receivable | 41 | - | €2,500 | +€2,500 | |
| Cash at bank and in hand | 54/58 | €47,566 | €5,945 | -€41,620 | -87.5% |
| Deferred charges and accrued income | 490/1 | €32 | €32 | +€1 | +1.9% |
| Total equity and liabilities | 10/49 | €217,378 | €349,227 | +€131,849 | +60.7% |
| Equity | 10/15 | €53,837 | €61,286 | +€7,449 | +13.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,377 | €40,826 | +€7,449 | +22.3% |
| Amounts payable | 17/49 | €163,542 | €287,942 | +€124,400 | +76.1% |
| Amounts payable after more than one year | 17 | €51,717 | €102,938 | +€51,221 | +99.0% |
| Financial debts | 170/4 | €51,717 | €102,938 | +€51,221 | +99.0% |
| Amounts payable within one year | 42/48 | €111,825 | €185,003 | +€73,179 | +65.4% |
| Current portion of amounts payable after more than one year | 42 | €15,103 | €43,664 | +€28,561 | +189.1% |
| Trade debts | 44 | €16,524 | €59,428 | +€42,904 | +259.7% |
| Suppliers | 440/4 | €16,524 | €59,428 | +€42,904 | +259.7% |
| Taxes, remuneration and social security | 45 | €8,922 | €20,080 | +€11,158 | +125.1% |
| Taxes | 450/3 | €3,309 | €13,865 | +€10,556 | +319.0% |
| Remuneration and social security | 454/9 | €5,613 | €6,215 | +€602 | +10.7% |
| Other amounts payable | 47/48 | €71,276 | €61,832 | -€9,445 | -13.3% |
| Remuneration, social security and pensions | 62 | €31,915 | €44,150 | +€12,235 | +38.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,604 | €40,322 | +€18,719 | +86.6% |
| Other operating charges | 640/8 | €919 | €1,006 | +€87 | +9.5% |
| Gross operating margin | 9900 | €121,261 | €99,990 | -€21,272 | -17.5% |
| Operating profit (loss) | 9901 | €66,824 | €14,512 | -€52,312 | -78.3% |
| Financial income | 75/76B | €615 | €20 | -€595 | -96.7% |
| Recurring financial income | 75 | €615 | €20 | -€595 | -96.7% |
| Financial charges | 65/66B | €3,661 | €7,083 | +€3,422 | +93.5% |
| Recurring financial charges | 65 | €3,661 | €7,083 | +€3,422 | +93.5% |
| Profit (loss) for the period before taxes | 9903 | €63,778 | €7,449 | -€56,329 | -88.3% |
| Profit (loss) for the period | 9904 | €63,778 | €7,449 | -€56,329 | -88.3% |
| Profit (loss) for the period to be appropriated | 9905 | €63,778 | €7,449 | -€56,329 | -88.3% |
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 7 October 2026 via checked.be.