OSL BELGIUM: what changed
OSL BELGIUM
Largest movements
- Deferred charges and accrued income +€302,464
up €302,464 (+325%), from €93,084 to €395,548
- Receivables after one year +€76,600
up €76,600 (+75.6%), from €101,292 to €177,891
- Cash -€35,255
down €35,255 (-77.5%), from €45,482 to €10,227
mainly Deferred charges and accrued income (-€302,464) and Receivables after one year (-€76,600)
- Tangible fixed assets +€14,046
up €14,046 (+64.2%), from €21,882 to €35,928
of which Plant, machinery and equipment: +€18,651
- Receivables within one year +€10,476
up €10,476 (+2.9%), from €359,061 to €369,536
of which Trade receivables: +€28,814
- Accrued charges and deferred income +€236,331
up €236,331 (+759%), from €31,127 to €267,458
- Reserves +€80,267
up €80,267 (+40.9%), from €196,446 to €276,713
- Trade debts +€67,507
up €67,507 (+24.5%), from €275,744 to €343,251
- Staff costs -€13,167
down €13,167 (-6.0%), from €220,371 to €207,204
- Gross operating margin +€11,532
up €11,532 (+3.6%), from €319,235 to €330,767
- Write-downs -€10,535
down €10,535 (-100%), from €10,535 to €0
- Taxes +€8,337
up €8,337 (+33.5%), from €24,897 to €33,234
- Depreciation +€4,711
up €4,711 (+988%), from €477 to €5,187
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €620,801 | €993,558 | +€372,758 | +60.0% |
| Fixed assets | 21/28 | €21,882 | €40,356 | +€18,474 | +84.4% |
| Tangible fixed assets | 22/27 | €21,882 | €35,928 | +€14,046 | +64.2% |
| Plant, machinery and equipment | 23 | - | €18,651 | +€18,651 | |
| Furniture and vehicles | 24 | €21,882 | €17,277 | -€4,605 | -21.0% |
| Financial fixed assets | 28 | - | €4,428 | +€4,428 | |
| Current assets | 29/58 | €598,918 | €953,202 | +€354,284 | +59.2% |
| Amounts receivable after more than one year | 29 | €101,292 | €177,891 | +€76,600 | +75.6% |
| Other amounts receivable | 291 | €101,292 | €177,891 | +€76,600 | +75.6% |
| Amounts receivable within one year | 40/41 | €359,061 | €369,536 | +€10,476 | +2.9% |
| Trade receivables | 40 | €303,309 | €332,124 | +€28,814 | +9.5% |
| Other amounts receivable | 41 | €55,751 | €37,412 | -€18,339 | -32.9% |
| Cash at bank and in hand | 54/58 | €45,482 | €10,227 | -€35,255 | -77.5% |
| Deferred charges and accrued income | 490/1 | €93,084 | €395,548 | +€302,464 | +325% |
| Total equity and liabilities | 10/49 | €620,801 | €993,558 | +€372,758 | +60.0% |
| Equity | 10/15 | €216,446 | €296,713 | +€80,267 | +37.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €196,446 | €276,713 | +€80,267 | +40.9% |
| Distributable reserves | 133 | €196,446 | €276,713 | +€80,267 | +40.9% |
| Amounts payable | 17/49 | €404,355 | €696,846 | +€292,491 | +72.3% |
| Amounts payable after more than one year | 17 | €29,840 | €24,614 | -€5,226 | -17.5% |
| Financial debts | 170/4 | €29,840 | €24,614 | -€5,226 | -17.5% |
| Amounts payable within one year | 42/48 | €343,388 | €404,773 | +€61,386 | +17.9% |
| Current portion of amounts payable after more than one year | 42 | €3,960 | €4,110 | +€150 | +3.8% |
| Trade debts | 44 | €275,744 | €343,251 | +€67,507 | +24.5% |
| Suppliers | 440/4 | €275,744 | €343,251 | +€67,507 | +24.5% |
| Taxes, remuneration and social security | 45 | €63,684 | €57,412 | -€6,271 | -9.8% |
| Taxes | 450/3 | €21,020 | €32,109 | +€11,090 | +52.8% |
| Remuneration and social security | 454/9 | €42,664 | €25,303 | -€17,361 | -40.7% |
| Accrued charges and deferred income | 492/3 | €31,127 | €267,458 | +€236,331 | +759% |
| Remuneration, social security and pensions | 62 | €220,371 | €207,204 | -€13,167 | -6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €477 | €5,187 | +€4,711 | +988% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €10,535 | €0 | -€10,535 | -100% |
| Other operating charges | 640/8 | €4,184 | €699 | -€3,485 | -83.3% |
| Gross operating margin | 9900 | €319,235 | €330,767 | +€11,532 | +3.6% |
| Operating profit (loss) | 9901 | €83,669 | €117,678 | +€34,009 | +40.6% |
| Financial income | 75/76B | €1,950 | €2,288 | +€338 | +17.3% |
| Recurring financial income | 75 | €1,950 | €2,288 | +€338 | +17.3% |
| Financial charges | 65/66B | €3,530 | €6,465 | +€2,935 | +83.1% |
| Recurring financial charges | 65 | €3,530 | €6,465 | +€2,935 | +83.1% |
| Profit (loss) for the period before taxes | 9903 | €82,089 | €113,501 | +€31,412 | +38.3% |
| Income taxes | 67/77 | €24,897 | €33,234 | +€8,337 | +33.5% |
| Profit (loss) for the period | 9904 | €57,191 | €80,267 | +€23,075 | +40.3% |
| Profit (loss) for the period to be appropriated | 9905 | €57,191 | €80,267 | +€23,075 | +40.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.